APPROVED BUSINESS CREDIT LIMITED
💤Zombieactive
04499025 · ltd · incorporated 2002-07-30
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Financial leasing
Sector: Financial & insurance
Investor take
PursueActive trading company with a 62-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 19.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 100 | 100 |
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
4
filings
- • 4 mortgage
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-03🔓Charge satisfied #5
- 2026-02-03🔓Charge satisfied #4
- 2026-02-03🔓Charge satisfied #2
- 2026-02-03🔓Charge satisfied #1
- 2025-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-09-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-28📄capital-return-purchase-own-sharescapital · SH03
- 2023-06-30➖BOURNE, Frederick George resignedsecretary
- 2023-06-30➖BOURNE, Frederick George resigneddirector
- 2022-05-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-03-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-31🔒Charge registered #5Lender: Investec Asset Finance PLC
- 2017-05-10🔒Charge registered #4Lender: Shawbrook Bank Limited
- 2015-08-21🔓Charge satisfied #3
- 2008-10-01🔒Charge registered #3Lender: Kingston Asset Finance
- 2006-09-21🔒Charge registered #2Lender: National Westminster Bank PLC
- 2006-09-05🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-01-06➕BOURNE, Frederick George appointedsecretary
- 2002-11-24➖MISELL, David resignedsecretary
- 2002-11-24➖MISELL, David resigneddirector
- 2002-07-30🏢Company incorporatedAs APPROVED BUSINESS CREDIT LIMITED
- 2002-07-30➕KERSH, Anthony appointeddirector
- 2002-07-30➕BREWER, Suzanne appointednominee-secretary
- 2002-07-30➖BREWER, Suzanne resignednominee-secretary
- 2002-07-30➕MISELL, David appointedsecretary
- 2002-07-30➕BOURNE, Frederick George appointeddirector
- 2002-07-30➕BREWER, Kevin, Dr appointednominee-director
- 2002-07-30➖BREWER, Kevin, Dr resignednominee-director
- 2002-07-30➕MISELL, David appointeddirector
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Anthony Kersh Individual · British · DOB 02/1964 · age 62 | 25–50% | — | 25-50% shares | 06/04/2016 |
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 →Similar companies
Active · Financial services · SK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AB HUB SERVICES LTD→ 14758378 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABCS2 HOLDINGS LTD→ 10411855 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALGREAT PROFESSIONAL SERVICES LIMITED→ 07013508 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| AMG FINANCIAL SOLUTIONS LIMITED→ 05194334 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AMQAS PROPERTY GROUP LTD→ 16752332 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AP EVERGREEN LIMITED→ 12356243 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| APF MEZZ LIMITED→ 16728326 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APF RENOVATIONS LIMITED→ 17080617 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| APF SPV 1 LIMITED→ 16271194 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| APPLETON & GREEN LIMITED→ 01188313 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| AR FINANCIAL & PAYROLL SERVICES LIMITED→ 09127239 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ARCHIE JOHN FINANCIAL SOLUTIONS LTD→ 11581960 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2002-07-30
Jurisdictionengland-wales
Primary SIC64910 — Financial leasing
Registered office
Oldhams Hollow Farm
73 Manchester Road
Tytherington
Macclesfield
SK10 2JW
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29
Officers (1 active · 6 resigned)
KERSH, Anthony→
Activedirector · ~62y · appointed 2002-07-30
View their other companies + combined net worth →
BOURNE, Frederick George→
Resignedsecretary · appointed 2003-01-06 · resigned 2023-06-30
BREWER, Suzanne→
Resignednominee-secretary · appointed 2002-07-30 · resigned 2002-07-30
MISELL, David→
Resignedsecretary · appointed 2002-07-30 · resigned 2002-11-24
BOURNE, Frederick George→
Resigneddirector · ~75y · appointed 2002-07-30 · resigned 2023-06-30
BREWER, Kevin, Dr→
Resignednominee-director · ~74y · appointed 2002-07-30 · resigned 2002-07-30
MISELL, David→
Resigneddirector · ~86y · appointed 2002-07-30 · resigned 2002-11-24
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Investec Asset Finance Investec Asset Finance PLC | A registered charge | — | 31/10/2017 | 03/02/2026 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | — | 10/05/2017 | 03/02/2026 | |
| satisfied | Kingston Asset Finance | Block discounting agreement | 1 property | 01/10/2008 | 21/08/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge of equipment and leases/hp agreements | 1 property | 21/09/2006 | 03/02/2026 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 05/09/2006 | 03/02/2026 |
Recent filings (74 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-07
termination-director-company-with-name-termination-date
officers · TM01
2023-09-07
capital-return-purchase-own-shares
capital · SH03
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-05