ADVANCED PRODUCTIVITY GROUP LIMITED

💤Zombieactive
08445865 · ltd · incorporated 2013-03-14
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. 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).

🏦

Refinance opportunity

2 live charges · oldest 11.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 accounts
Last 90 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-10-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-08-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2022-08-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-10-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-03-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2018-03-14
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  16. 2018-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2014-10-21
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  18. 2014-09-17
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  19. 2013-03-14
    🏢
    Company incorporated
    As ADVANCED PRODUCTIVITY GROUP LIMITED
  20. 2013-03-14
    RICHARDSON, Michael Mark Dennis appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

58/100
Strong succession signal

Multiple 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 13 years.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Mark Dennis Richardson
Individual · British · DOB 09/1971 · age 55
5075%
50–75%board control50-75% shares · 50-75% voting · board control19/02/2018
Kaye Richardson
Individual · British · DOB 04/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting04/08/2022

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.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-03-14
Jurisdictionengland-wales
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

8 Apollo Court Koppers Way
Monkton Business Park South
Hebburn
Tyne & Wear
NE31 2ES

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (1 active · 0 resigned)

RICHARDSON, Michael Mark Dennis
director · ~55y · appointed 2013-03-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property21/10/2014
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge17/09/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-26