APPERLEY HONING MACHINES LIMITED
🌳Matureactive
05890327 · ltd · incorporated 2006-07-28
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 Jun 2025
Net worth
£-78.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 5.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £78,709
Cash YoY
+1%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£267
~ YoY
Net Worth
-£79k
↑ 56% YoY
Current Assets
£339k
↓ 9.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £203.1k | £-111.8k |
| Current assets | £338.7k | £376.0k |
| Cash | £267 | £265 |
| Debtors | £293.3k | £338.8k |
| Net assets | £-78.7k | £-178.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 signals 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
3
filings
- • 2 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-02🔒Charge registered #3Lender: Bcrs Cief Ii Limited
- 2025-12-16🔒Charge registered #2Lender: Meif Ii - Smaller Loans Wm LP Acting by Its General Partner Bcrs Meif Ii Gp Limited
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-07📄capital-alter-shares-subdivisioncapital · SH02
- 2022-09-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-10➕BROWNLEE, Kevin George appointeddirector
- 2022-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-16🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2019-07-20➕SANDERS, Michelle appointeddirector
- 2013-01-16➖FENNE, Berkeley resignedsecretary
- 2010-11-01➕FENNE, Berkeley appointedsecretary
- 2010-11-01➖KING, Phillip Jeremy John resignedsecretary
- 2010-11-01➖ARTHUR, David Robert resigneddirector
- 2008-04-23➕SANDERS, Charles Oliver appointeddirector
- 2006-07-28🏢Company incorporatedAs APPERLEY HONING MACHINES LIMITED
- 2006-07-28➕KING, Phillip Jeremy John appointedsecretary
- 2006-07-28➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2006-07-28➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2006-07-28➕ARTHUR, David Robert appointeddirector
- 2006-07-28➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 2006-07-28➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
73/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 20 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Michelle Sanders Individual · British · DOB 03/1968 · age 58 | 25–50% | — | 25-50% shares | 01/02/2017 |
Mr Charles Oliver Sanders Individual · British · DOB 04/1961 · age 65 | 25–50% | — | 25-50% shares | 30/06/2016 |
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 · Professional services · WR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.T. BROWN LIMITED→ 14731077 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANDERMEI LIMITED→ 10206211 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ANDREW CATMUR ENGINEERS LIMITED→ 10322349 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ANDREW JOHNS CONSULTING LTD→ 12782116 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ANIMALS AT HOME (WORCESTERSHIRE) LIMITED→ 11400097 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| APD CONTRACTING LIMITED→ 14544050 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| APPLE PLANNING AND DESIGN LTD→ 13770783 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| APPROPRIATE INNOVATION LIMITED→ 05938499 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| AQUA TECHNICAL SERVICES LTD→ 10317881 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AQUABIO LIMITED→ 03379754 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| AQUAMARINE ASSET MANAGEMENT LTD→ 15071995 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ARB ARCHITECTURE LTD.→ 09957672 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2006-07-28
Jurisdictionengland-wales
Primary SIC71129 — Other engineering activities
Registered office
Corn Mill Bank
Hinton On The Green
Evesham
Worcestershire
WR11 2QU
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-16
Last: 2025-09-02
Officers (3 active · 5 resigned)
BROWNLEE, Kevin George→
Activedirector · ~68y · appointed 2022-08-10
View their other companies + combined net worth →
SANDERS, Charles Oliver→
Activedirector · ~65y · appointed 2008-04-23
View their other companies + combined net worth →
SANDERS, Michelle→
Activedirector · ~58y · appointed 2019-07-20
View their other companies + combined net worth →
FENNE, Berkeley→
Resignedsecretary · appointed 2010-11-01 · resigned 2013-01-16
KING, Phillip Jeremy John→
Resignedsecretary · appointed 2006-07-28 · resigned 2010-11-01
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-07-28 · resigned 2006-07-28
ARTHUR, David Robert→
Resigneddirector · ~79y · appointed 2006-07-28 · resigned 2010-11-01
COMPANY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2006-07-28 · resigned 2006-07-28
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bcrs Cief Ii Bcrs Cief Ii Limited | A registered charge | — | 02/01/2026 | — | |
| outstanding | Meif Ii - Smaller Loans Wm LP Acting by Its General Partner Bcrs Meif Ii Gp Meif Ii - Smaller Loans Wm LP Acting by Its General Partner Bcrs Meif Ii Gp Limited | A registered charge | — | 16/12/2025 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 16/11/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (76 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-08
capital-alter-shares-subdivision
capital · SH02
2022-09-07
appoint-person-director-company-with-name-date
officers · AP01
2022-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-19