APL FORMWORK LIMITED
Opportunity 69/100 (strong), bankability 67/100. 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: strategic trade sale (63/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 18.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.7 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: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2025-07-31 |
|---|---|
| Total assets | £3.36M |
| Current assets | £5.01M |
| Cash | £112.9k |
| Debtors | £2.85M |
| Net assets | £2.56M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 confirmation-statement
- • 4 officers
- • 1 confirmation-statement
- • 1 accounts
- • 4 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2026-05-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-05-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-05-01➕BURTON, Sean Alexander appointeddirector
- 2026-05-01➕CONINGSBY, Luke appointeddirector
- 2026-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-04-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-12➖CRUMP, Steven resignedsecretary
- 2026-03-12➖CRUMP, Steven resigneddirector
- 2026-02-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-05-08📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2025-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-08📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-31📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2021-07-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-04-30📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2020-09-23🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2020-01-29🔓Charge satisfied #2
- 2020-01-29🔓Charge satisfied #1
- 2019-07-29➕CRUMP, Michael appointeddirector
- 2019-07-29➕CRUMP, Sarah Michelle appointeddirector
- 2013-08-13🔒Charge registered #2Lender: Hsbc Bank PLC
- 2011-01-20➖HOLLOWOOD, John Colin resigneddirector
- 2007-10-03🔒Charge registered #1Lender: S G Hambros Trust Company Limited (As Trustee of Falcon Property Trust)
- 2007-07-13🏢Company incorporatedAs APL FORMWORK LIMITED
- 2007-07-13➕CRUMP, Steven appointedsecretary
- 2007-07-13➕CRUMP, Steven appointeddirector
- 2007-07-13➕HOLLOWOOD, John Colin appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CRUMP, Steven resigned 2026-03-12; CRUMP, Steven resigned 2026-03-12
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-01-12: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Sarah Michelle Crump Individual · British · DOB 11/1976 · age 50 | — | 25–50% | 25-50% voting | 01/08/2023 |
1 historic (ceased) PSC
- Mr Steven Crumpceased 12/03/2026· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
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| ARTECH SERVICES LIMITED→ 03441402 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
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6 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 →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
Registered office
Filing status
Officers (4 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 23/09/2020 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 13/08/2013 | 29/01/2020 | |
| satisfied | S G Hambros Trust Company (As Trustee of Falcon Property Trust) S G Hambros Trust Company Limited (As Trustee of Falcon Property Trust) | Rent deposit deed | 1 property | 03/10/2007 | 29/01/2020 |