2 APPLES LIMITED
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 11.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £4.02M | — |
| Current assets | £2.51M | — |
| Cash | £4.0k | — |
| Debtors | £2.51M | — |
| Net assets | £193.0k | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
- • 1 officers
- • 1 officers
- • 1 confirmation-statement
- • 2 mortgage
- • 1 officers
- • 1 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2026-04-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-09🔓Charge satisfied #3
- 2025-12-09🔓Charge satisfied #1
- 2025-10-02➖WRIGHT, Zealony Avis resignedsecretary
- 2025-04-30📄accounts-with-accounts-type-groupaccounts · AA
- 2025-03-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-28📄accounts-with-accounts-type-groupaccounts · AA
- 2023-04-04📄accounts-with-accounts-type-smallaccounts · AA
- 2022-03-21📄accounts-with-accounts-type-smallaccounts · AA
- 2021-10-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-11📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2021-02-23📄accounts-with-accounts-type-smallaccounts · AA
- 2020-06-02📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2019-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2018-10-30📄accounts-with-accounts-type-smallaccounts · AA
- 2017-10-25📄accounts-with-accounts-type-smallaccounts · AA
- 2017-09-29➖WELLINGS, Simon James resigneddirector
- 2016-03-16🔒Charge registered #3Lender: Gerald Wright and Zealony Avis Wright
- 2015-04-08➕WRIGHT, Zealony Avis appointedsecretary
- 2015-04-08➕WELLINGS, Simon James appointeddirector
- 2015-04-08🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2015-04-08🔒Charge registered #1Lender: Zealony Avis Wright and Gerald Wright
- 2015-02-09🏢Company incorporatedAs 2 APPLES LIMITED
- 2015-02-09➕NEWTON, Adam Killingworth appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adam Killingworth Newton Individual · British · DOB 04/1967 · age 59 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Gerald Wright and Zealony Avis Wright | A registered charge | — | 16/03/2016 | 09/12/2025 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 08/04/2015 | — | |
| satisfied | Zealony Avis Wright and Gerald Wright | A registered charge | — | 08/04/2015 | 09/12/2025 |