AP MATERIALS LIMITED

💤Zombieactive
07630560 · ltd · incorporated 2011-05-11
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 Jun 2025
Net worth
£-6.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does

Likely engaged in the day-to-day wholesale trading of a broad range of materials and goods — consistent with its name suggesting a focus on materials supply — operating as a small non-specialised wholesaler without restriction to a single product category.

Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £6,808
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £54,340 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£7k
↓ 114% YoY
Current Assets
£147k
↑ 88% YoY
Current Liabilities
-£7k£24k£55k£85k£116k£147kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£146.9k£78.6k
Current assets£146.8k£78.2k
Net assets£-6.8k£47.5k

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 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-09-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2021-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-09-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-09-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2020-06-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-11-11
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  15. 2016-06-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-05-11
    🏢
    Company incorporated
    As AP MATERIALS LIMITED
  17. 2011-05-11
    HWANG, Yi Joong appointed
    director

Owner dependency

98/100
Critical — business is the founder

The 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 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Yi Joong Hwang
Individual · South Korean · DOB 03/1968 · age 58
75100%
75-100% shares11/05/2017

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2011-05-11
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Unit 20 Kingspark Business Centre
152-178 Kingston Road
New Malden
Surrey
KT3 3ST
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-11
Last: 2026-04-27

Officers (1 active · 0 resigned)

HWANG, Yi Joong
director · ~58y · appointed 2011-05-11
View their other companies + combined net worth →
Active

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

Recent filings (41 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-09
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-21
gazette-notice-compulsory
gazette · GAZ1
2021-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-07