APEX BRICKCUTTERS (MIDLANDS) LIMITED
💤Zombieactive
06799989 · ltd · incorporated 2009-01-23
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
£498.5k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: SIC 23320
Sector: Manufacturing
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (78/100)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
Confirmed no charges registered
85
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
1 connected companies via shared directors
48
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £498,454
Net assets shrinking
Down £109,685 YoY
Cash YoY
-22%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£346k
↓ 22% YoY
Net Worth
£498k
↓ 18% YoY
Current Assets
£568k
↓ 11% YoY
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 |
|---|---|---|
| Total assets | £529.2k | £646.5k |
| Current assets | £567.6k | £637.6k |
| Cash | £345.7k | £441.7k |
| Debtors | £221.9k | £195.9k |
| Net assets | £498.5k | £608.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-09-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-09-17📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-09-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-27➕HORNACKOVA, Marcela appointedsecretary
- 2025-08-27➖MCMICHAEL, James Ian resignedsecretary
- 2025-08-27➖MCMICHAEL, James Ian resigneddirector
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-16📄change-person-director-company-with-change-dateofficers · CH01
- 2018-05-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-04-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2009-01-23🏢Company incorporatedAs APEX BRICKCUTTERS (MIDLANDS) LIMITED
- 2009-01-23➕RUSSELL, Paul Alistair appointeddirector
- 2009-01-23➕MCMICHAEL, James Ian appointedsecretary
- 2009-01-23➕MCMICHAEL, James Ian appointeddirector
Owner dependency
85/100
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 17 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
58/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 17 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCMICHAEL, James Ian resigned 2025-08-27; MCMICHAEL, James Ian resigned 2025-08-27
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr. Paul Russell Individual · British · DOB 09/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mr James Mcmichaelceased 27/08/2025· 25-50% shares · 25-50% voting · board control
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 · Manufacturing · PE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A R STRUCTURALS LTD→ 12213365 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A T SACK FILLERS LIMITED→ 05407648 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| ANYPLACE MEDIA GROUP LTD→ 11538480 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| APP LIFTING SERVICES LIMITED→ 02858850 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| APPLE TREE GROUP LIMITED→ 13814639 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| APSLEY BAGS LTD→ 11019629 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ARC WELDING CONSTRUCTION LTD→ 09751116 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ARCADE (U K) LIMITED→ 01199130 · est 1975 · no financials extracted | — | — | — | — | 51y | — | — |
| AREA FOUR INDUSTRIES (UK) LTD→ 04279449 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ARMCO BARRIER SUPPLIES LTD→ 10273990 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ARTIS KITCHENS LTD→ 17119497 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ARTISAU LUXURY CANDLES LTD→ 15573475 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2009-01-23
Jurisdictionengland-wales
Primary SIC23320 — SIC 23320
Registered office
Heath Farm Somersham Road
Woodhurst
Huntingdon
Cambridgeshire
PE28 3BP
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23
Officers (2 active · 2 resigned)
HORNACKOVA, Marcela→
Activesecretary · appointed 2025-08-27
View their other companies + combined net worth →
RUSSELL, Paul Alistair→
Activedirector · ~50y · appointed 2009-01-23
View their other companies + combined net worth →
MCMICHAEL, James Ian→
Resignedsecretary · appointed 2009-01-23 · resigned 2025-08-27
MCMICHAEL, James Ian→
Resigneddirector · ~61y · appointed 2009-01-23 · resigned 2025-08-27
Click a director name to see their full track record across all companies.
Recent filings (49 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-17
appoint-person-secretary-company-with-name-date
officers · AP03
2025-09-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-17
termination-director-company-with-name-termination-date
officers · TM01
2025-09-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-25