A.P.A. (BLACKPOOL) LIMITED

🌳Matureactive
04977487 · ltd · incorporated 2003-11-26
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£1.36M
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 18.5y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,361,936
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£101k
↓ 16% YoY
Net Worth
£1.4m
↑ 2.2% YoY
Current Assets
£444k
↓ 2.9% YoY
Current Liabilities
—
£0£272k£545k£817k£1.1m£1.4mFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£1.78M£1.84M
Current assets£443.8k£456.9k
Cash£101.3k£120.5k
Debtors£244.1k£239.1k
Net assets£1.36M£1.33M

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
0
filings
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-04
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2023-07-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-07-04
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2023-07-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-07-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2021-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-12-16
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  15. 2019-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-09-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2018-09-11
    🔓
    Charge satisfied #6
  19. 2015-12-31
    🔓
    Charge satisfied #8
  20. 2015-09-29
    🔒
    Charge registered #9
    Lender: National Westminster Bank PLC
  21. 2011-10-10
    🔓
    Charge satisfied #3
  22. 2011-09-30
    🔒
    Charge registered #8
    Lender: Nationwide Building Society
  23. 2011-09-30
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  24. 2010-07-23
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  25. 2010-07-22
    🔒
    Charge registered #5
    Lender: Rbs Invoice Finance Limited
  26. 2010-06-25
    ➕
    LATIF, Mohammed Fazaz appointed
    director
  27. 2010-05-27
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  28. 2010-03-19
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  29. 2009-11-15
    ➖
    LATIF, Mohammed Fazaz resigned
    director
  30. 2007-12-20
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  31. 2007-12-10
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  32. 2007-05-16
    ➕
    FAZAZ, Farzana appointed
    director
  33. 2007-05-16
    ➖
    IQBAL, Zafar resigned
    director
  34. 2004-01-06
    ➕
    LATIF, Mohammed Fazaz appointed
    secretary
  35. 2004-01-06
    ➕
    LATIF, Mohammed Fazaz appointed
    director
  36. 2003-11-26
    🏢
    Company incorporated
    As A.P.A. (BLACKPOOL) LIMITED
  37. 2003-11-26
    ➕
    KELLY, Sean Stephen, Mr. appointed
    nominee-secretary
  38. 2003-11-26
    ➖
    KELLY, Sean Stephen, Mr. resigned
    nominee-secretary
  39. 2003-11-26
    ➕
    IQBAL, Zafar appointed
    director
  40. 2003-11-26
    ➕
    CORPORATE LEGAL LTD appointed
    corporate-nominee-director
  41. 2003-11-26
    ➖
    CORPORATE LEGAL LTD resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • 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 · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Farzana Fazaz
Individual · British · DOB 08/1984 · age 42
25–50%
—25-50% shares06/04/2016
Mr Mohammed Fazaz Latif
Individual · British · DOB 02/1978 · age 48
——sig. influencesignificant influence · trust interest · firm interest06/04/2016

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 →

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————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
Incorporated2003-11-26
Jurisdictionengland-wales
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

2a Dinmore Avenue
Blackpool
FY3 7RW
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (3 active · 4 resigned)

LATIF, Mohammed Fazaz→
secretary · appointed 2004-01-06
View their other companies + combined net worth →
Active
FAZAZ, Farzana→
director · ~42y · appointed 2007-05-16
View their other companies + combined net worth →
Active
LATIF, Mohammed Fazaz→
director · ~48y · appointed 2010-06-25
View their other companies + combined net worth →
Active
KELLY, Sean Stephen, Mr.→
nominee-secretary · appointed 2003-11-26 · resigned 2003-11-26
Resigned
IQBAL, Zafar→
director · ~66y · appointed 2003-11-26 · resigned 2007-05-16
Resigned
LATIF, Mohammed Fazaz→
director · ~48y · appointed 2004-01-06 · resigned 2009-11-15
Resigned
CORPORATE LEGAL LTD→
corporate-nominee-director · appointed 2003-11-26 · resigned 2003-11-26
Resigned

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

Mortgages & charges

9
Total charges
6
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property29/09/2015—
satisfied
Nationwide
Nationwide Building Society
Legal charge1 property30/09/201131/12/2015
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property30/09/2011—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties23/07/201011/09/2018
outstanding
NatWest Group
Rbs Invoice Finance Limited
All assets debenture1 property22/07/2010—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property27/05/2010—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property19/03/201010/10/2011
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property20/12/2007—
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property10/12/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
change-person-secretary-company-with-change-date
officers · CH03
2023-07-04
change-person-director-company-with-change-date
officers · CH01
2023-07-04
change-person-secretary-company-with-change-date
officers · CH03
2023-07-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-12