ADVANCED PRECISION SOUTHERN LIMITED
💤Zombieactive
04648532 · ltd · incorporated 2003-01-27
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 Sept 2025
Net worth
£154.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 63-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 63). 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 23.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £154,272
Key financials
2 years extracted from filed iXBRL accountsCash
£12k
Net Worth
£154k
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash | £12.1k | — |
| Net assets | £154.3k | — |
| Average employees | — | 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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-01-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-05➖MULLIGAN, Michael James resigneddirector
- 2023-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-09📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-09📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-09📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-04🔓Charge satisfied #5
- 2021-11-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-17🔓Charge satisfied #4
- 2021-10-14📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2021-02-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2012-05-17🔓Charge satisfied #2
- 2012-04-30🔒Charge registered #5Lender: Venture Finance PLC
- 2009-05-07🔓Charge satisfied #1
- 2008-04-15🔓Charge satisfied #3
- 2008-03-07🔒Charge registered #4Lender: Barclays Bank PLC
- 2006-04-03🔒Charge registered #3Lender: National Westminster Bank PLC
- 2005-08-25🔒Charge registered #2Lender: The Royal Bank of Scotland Commercial Services Limited
- 2003-03-10🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-01-27🏢Company incorporatedAs ADVANCED PRECISION SOUTHERN LIMITED
- 2003-01-27➕MULLIGAN, Anita Estelle appointedsecretary
- 2003-01-27➕MULLIGAN, Anita Estelle appointeddirector
- 2003-01-27➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-01-27➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-01-27➕MULLIGAN, Michael James 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 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Anita Estelle Mulligan Individual · British · DOB 07/1963 · age 63 | 75–100% | 75–100% | sig. influence75-100% shares · 75-100% voting · significant influence | 06/04/2016 |
1 historic (ceased) PSC
- Michael James Mulliganceased 05/12/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · RH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AA TECH AND PROPERTY LTD.→ 13909878 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AAVKAR INVESTMENT LIMITED→ 16922102 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABLE BRICKS LTD→ 15253762 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACER ESTATES LIMITED→ 08119790 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ACREON PROPERTIES LIMITED→ 16494405 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAMSON MCS PROPERTIES LTD→ 16130125 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADARE TAYLER LIMITED→ 07292793 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADDRESS ESTATE AGENTS LIMITED→ 06244970 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ADOM NVA LIMITED→ 14864856 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADR SOUTHERN PROPERTY GROUP LTD→ 16642806 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCED RENT OPTION LTD→ 12953174 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADVANTAGE ESTATES LIMITED→ 04083606 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated2003-01-27
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
United Kingdom
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27
Officers (2 active · 2 resigned)
MULLIGAN, Anita Estelle→
Activesecretary · appointed 2003-01-27
View their other companies + combined net worth →
MULLIGAN, Anita Estelle→
Activedirector · ~63y · appointed 2003-01-27
View their other companies + combined net worth →
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-01-27 · resigned 2003-01-27
MULLIGAN, Michael James→
Resigneddirector · ~65y · appointed 2003-01-27 · resigned 2023-12-05
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 | Venture Finance Venture Finance PLC | Fixed charge on debts and related rights | 1 property | 30/04/2012 | 04/02/2022 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 07/03/2008 | 17/11/2021 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 03/04/2006 | 15/04/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 25/08/2005 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 10/03/2003 | 07/05/2009 |
Recent filings (81 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-14
change-person-secretary-company-with-change-date
officers · CH03
2025-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-14
change-person-director-company-with-change-date
officers · CH01
2025-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-17
termination-director-company-with-name-termination-date
officers · TM01
2024-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-10
change-person-director-company-with-change-date
officers · CH01
2023-02-09