APL FORMWORK GROUP LIMITED

💤Zombieactive
08606977 · ltd · incorporated 2013-07-12
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 Jul 2025
Net worth
£211.6k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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 (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 102
Positive net assets
Net assets £211,591
Net assets shrinking
Down £79 YoY
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£154
↓ 96% YoY
Net Worth
£212k
~ YoY
Current Assets
£221k
↓ 4.4% YoY
Current Liabilities
£0£46k£92k£139k£185k£231kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£211.6k£211.7k
Current assets£220.7k£230.8k
Cash£154£3.9k
Debtors£220.6k£226.9k
Net assets£211.6k£211.7k

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
4
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 180 days
5
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-04-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-12
    CRUMP, Steven resigned
    director
  5. 2026-01-12
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2025-05-20
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  7. 2025-05-16
    📄
    dissolution-withdrawal-application-strike-off-company
    dissolution · DS02
  8. 2025-05-07
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  9. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-09-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-09-10
    CRUMP, Michael appointed
    director
  14. 2022-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-07-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2021-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-07-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2021-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-03-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2020-12-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-12-01
    NORMAN, Dean resigned
    director
  22. 2018-12-01
    CRUMP, Steven appointed
    director
  23. 2018-12-01
    CRUMP, Steven resigned
    director
  24. 2018-12-01
    NORMAN, Dean appointed
    director
  25. 2013-07-12
    🏢
    Company incorporated
    As APL FORMWORK GROUP LIMITED
  26. 2013-07-12
    CRUMP, Steven appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Name changed recently
medium

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

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Sarah Michelle Crump
Individual · British · DOB 11/1976 · age 50
75100%
75-100% shares12/03/2026
Mr Steve Crump
Individual · British · DOB 05/1969 · age 57
75100%
75–100%75-100% shares · 75-100% voting01/06/2021
2 historic (ceased) PSCs
  • Mr Dean Normanceased 01/06/2021· 75-100% shares
  • Mr Steven Crumpceased 01/12/2018· 75-100% shares

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

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A.T.P.ELECTRONIC DEVELOPMENTS LIMITED
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39y
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07990254 · est 2012 · no financials extracted
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04780890 · est 2003 · no financials extracted
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APEX ELECTRICAL & ELECTRONIC SERVICES LTD.
03075775 · est 1995 · no financials extracted
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06312550 · est 2007 · no financials extracted
18y
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11578256 · est 2018 · no financials extracted
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06382623 · est 2007 · no financials extracted
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ARCHITECTURAL ENVELOPE SOLUTIONS LTD
15554037 · est 2024 · no financials extracted
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02138398 · est 1987 · no financials extracted
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13237364 · est 2021 · no financials extracted
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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 →
🔒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
Incorporated2013-07-12
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Apl Middlemore Lane West
Aldridge
Walsall
WS9 8BG
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (1 active · 3 resigned)

CRUMP, Michael
director · ~30y · appointed 2022-09-10
View their other companies + combined net worth →
Active
CRUMP, Steven
director · ~57y · appointed 2018-12-01 · resigned 2026-03-12
Resigned
CRUMP, Steven
director · ~57y · appointed 2013-07-12 · resigned 2018-12-01
Resigned
NORMAN, Dean
director · ~45y · appointed 2018-12-01 · resigned 2020-12-01
Resigned

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

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-04
termination-director-company-with-name-termination-date
officers · TM01
2026-04-04
certificate-change-of-name-company
change-of-name · CERTNM
2026-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
gazette-notice-voluntary
gazette · GAZ1(A)
2025-05-20
dissolution-withdrawal-application-strike-off-company
dissolution · DS02
2025-05-16
dissolution-application-strike-off-company
dissolution · DS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-28