APD PROPERTIES LIMITED
🌳Matureactive
08007346 · ltd · incorporated 2012-03-27
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£325.8k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 83-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 70/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -38% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
8 live charges · oldest 8.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £325,842
Cash YoY
-38%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8k
↓ 38% YoY
Net Worth
£326k
↑ 22% YoY
Current Assets
£16k
↓ 24% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £1.31M | £1.51M |
| Current assets | £16.0k | £21.2k |
| Cash | £7.6k | £12.3k |
| Debtors | £8.4k | £8.9k |
| Net assets | £325.8k | £267.9k |
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
2
filings
- • 1 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 persons-with-significant-control
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-05-26📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-27📄accounts-with-accounts-type-smallaccounts · AA
- 2025-09-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-05🔒Charge registered #8Lender: National Westminster Bank PLC
- 2025-08-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-28🔒Charge registered #7Lender: National Westminster Bank PLC
- 2024-12-05📄accounts-with-accounts-type-smallaccounts · AA
- 2023-10-26📄accounts-with-accounts-type-smallaccounts · AA
- 2022-12-13📄accounts-with-accounts-type-smallaccounts · AA
- 2022-10-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-10-27🔓Charge satisfied #5
- 2021-11-03📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-smallaccounts · AA
- 2020-11-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-17🔓Charge satisfied #3
- 2020-01-06📄accounts-with-accounts-type-smallaccounts · AA
- 2018-12-14📄accounts-with-accounts-type-smallaccounts · AA
- 2018-07-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-07-20🔒Charge registered #6Lender: National Westminster Bank PLC
- 2018-04-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-04-05📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2018-03-19➖MURRAY, Clare resigneddirector
- 2018-01-18🔒Charge registered #5Lender: National Westminster Bank PLC
- 2018-01-18🔒Charge registered #4Lender: National Westminster Bank PLC
- 2018-01-18🔒Charge registered #3Lender: National Westminster Bank PLC
- 2018-01-18🔒Charge registered #2Lender: National Westminster Bank PLC
- 2018-01-03🔒Charge registered #1Lender: National Westminster Bank PLC
- 2012-03-27🏢Company incorporatedAs APD PROPERTIES LIMITED
- 2012-03-27➕MURRAY, Ewan Sinclair Daniel appointeddirector
- 2012-03-27➕MURRAY, Fraser appointeddirector
- 2012-03-27➕MURRAY, Thomas appointeddirector
- 2012-03-27➕MURRAY, Clare appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 83 — 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 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 · Property · BA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AI PROPERTIES LONDON LTD→ 17031745 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AIR BATH LIMITED→ 12825885 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALEXANDER WINSTON PROPERTIES LTD→ 10564509 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ALPHA TANGO 2 LTD→ 16004554 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMAZINGLY REMARKABLE PROPERTIES LTD→ 12875735 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AMELIA ARTHUR ESTATES LTD→ 16827418 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AMMARCO LIMITED→ 17011005 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ANDREMI PROPERTY LTD→ 15448717 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ANKO PROPERTY LTD→ 16001894 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| APAZIDOU LIMITED→ 16565677 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APF HOMES LTD→ 13190698 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| APOLLO INVESTMENT PROPERTIES LIMITED→ 11660710 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2012-03-27
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
69-71 Lower Bristol Road
Bath
BA2 3BE
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27
Officers (3 active · 1 resigned)
MURRAY, Ewan Sinclair Daniel→
Activedirector · ~52y · appointed 2012-03-27
View their other companies + combined net worth →
MURRAY, Fraser→
Activedirector · ~55y · appointed 2012-03-27
View their other companies + combined net worth →
MURRAY, Thomas→
Activedirector · ~83y · appointed 2012-03-27
View their other companies + combined net worth →
MURRAY, Clare→
Resigneddirector · ~83y · appointed 2012-03-27 · resigned 2018-03-19
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
6
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 05/09/2025 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 28/08/2025 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 20/07/2018 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/01/2018 | 27/10/2022 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/01/2018 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/01/2018 | 17/11/2020 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/01/2018 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 03/01/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (48 total)
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
accounts-with-accounts-type-small
accounts · AA
2026-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-small
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-small
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-small
accounts · AA
2022-12-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-small
accounts · AA
2021-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06