APPSXCHANGE LIMITED

🌳Matureactive
04337994 · ltd · incorporated 2001-12-11
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-180.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
13 officers (3 active, 13 linked, 6 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £180,816

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£181k
~ YoY
Current Assets
£646
Current Liabilities
-£181k-£145k-£108k-£72k-£36k£646Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-180.8k£-180.8k
Current assets£646
Debtors£646£646
Net assets£-180.8k£-180.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-02-15
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  9. 2019-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-02-15
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  11. 2018-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-09-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-01-13
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  16. 2011-11-23
    WILSON, Richard Neil appointed
    director
  17. 2006-05-10
    SURREY CORPORATE SERVICES LTD appointed
    corporate-secretary
  18. 2006-05-10
    THB ASSOCIATES LIMITED resigned
    corporate-secretary
  19. 2006-05-05
    ITSL NOMINEES LIMITED appointed
    corporate-director
  20. 2005-12-13
    ABDULLATIFF, Mohammad Assad Yussuf resigned
    director
  21. 2005-12-13
    MARKHAM, Stephen Michael resigned
    director
  22. 2005-02-23
    ABDULLATIFF, Mohammad Assad Yussuf appointed
    director
  23. 2005-02-23
    MARKHAM, Stephen Michael appointed
    director
  24. 2005-02-23
    WRIGHT, Martin Nicholas resigned
    director
  25. 2005-02-23
    AVONDALE NOMINEES LIMITED resigned
    corporate-director
  26. 2004-09-07
    THB ASSOCIATES LIMITED appointed
    corporate-secretary
  27. 2004-02-11
    LMG SERVICES LIMITED resigned
    corporate-secretary
  28. 2003-02-27
    GIBSON, Raymond Terry resigned
    director
  29. 2003-02-27
    AVONDALE NOMINEES LIMITED appointed
    corporate-director
  30. 2002-01-22
    FLANAGAN, Sean Birch resigned
    director
  31. 2002-01-22
    GIBSON, Raymond Terry appointed
    director
  32. 2001-12-11
    🏢
    Company incorporated
    As APPSXCHANGE LIMITED
  33. 2001-12-11
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  34. 2001-12-11
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  35. 2001-12-11
    LMG SERVICES LIMITED appointed
    corporate-secretary
  36. 2001-12-11
    FLANAGAN, Sean Birch appointed
    director
  37. 2001-12-11
    WRIGHT, Martin Nicholas appointed
    director
  38. 2001-12-11
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-director
  39. 2001-12-11
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

98/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Simon Morton Vaughan Lavarack
Individual · British · DOB 09/1949 · age 77
sig. influencesignificant influence11/12/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2001-12-11
Jurisdictionengland-wales
Primary SIC50200 — SIC 50200

Registered office

1 & 2 Studley Court Mews, Studley Court Guildford Road
Chobham
Woking
Surrey
GU24 8EB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (3 active · 10 resigned)

SURREY CORPORATE SERVICES LTD
corporate-secretary · appointed 2006-05-10
View their other companies + combined net worth →
Active
WILSON, Richard Neil
director · ~69y · appointed 2011-11-23
View their other companies + combined net worth →
Active
ITSL NOMINEES LIMITED
corporate-director · appointed 2006-05-05
View their other companies + combined net worth →
Active
ASHCROFT CAMERON SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2001-12-11 · resigned 2001-12-11
Resigned
LMG SERVICES LIMITED
corporate-secretary · appointed 2001-12-11 · resigned 2004-02-11
Resigned
THB ASSOCIATES LIMITED
corporate-secretary · appointed 2004-09-07 · resigned 2006-05-10
Resigned
ABDULLATIFF, Mohammad Assad Yussuf
director · ~52y · appointed 2005-02-23 · resigned 2005-12-13
Resigned
FLANAGAN, Sean Birch
director · ~62y · appointed 2001-12-11 · resigned 2002-01-22
Resigned
GIBSON, Raymond Terry
director · ~84y · appointed 2002-01-22 · resigned 2003-02-27
Resigned
MARKHAM, Stephen Michael
director · ~69y · appointed 2005-02-23 · resigned 2005-12-13
Resigned
WRIGHT, Martin Nicholas
director · ~71y · appointed 2001-12-11 · resigned 2005-02-23
Resigned
ASHCROFT CAMERON NOMINEES LIMITED
corporate-nominee-director · appointed 2001-12-11 · resigned 2001-12-11
Resigned
AVONDALE NOMINEES LIMITED
corporate-director · appointed 2003-02-27 · resigned 2005-02-23
Resigned

Click a director name to see their full track record across all companies.

Recent filings (81 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-18
change-corporate-director-company-with-change-date
officers · CH02
2019-02-15