APPLIED RADIATORS (2015) LIMITED
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 11.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.3 years old — likely at or near maturity.
- · 4 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 · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £1.83M | £1.83M |
| Current assets | £48.8k | £48.8k |
| Cash | £99 | £99 |
| Debtors | £48.7k | £48.7k |
| Net assets | £1.83M | £1.83M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2025-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-13🔓Charge satisfied #3
- 2025-03-13🔓Charge satisfied #1
- 2025-03-12➖STEVENSON, Gary Peter resigneddirector
- 2025-03-12🔒Charge registered #4Lender: Close Brothers Limited (The “Security Trustee”)
- 2024-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-16➖MOORES, Darren Richard resigneddirector
- 2024-06-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-08-05📄capital-name-of-class-of-sharescapital · SH08
- 2022-08-05📄capital-name-of-class-of-sharescapital · SH08
- 2022-08-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-04-20🔒Charge registered #3Lender: Abn Amro Asset Based Finance N.V.
- 2021-04-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-11📄memorandum-articlesincorporation · MA
- 2021-02-11📄resolutionresolution · RESOLUTIONS
- 2018-02-14🔓Charge satisfied #2
- 2015-03-23🔒Charge registered #2Lender: Keith Mcauliffe
- 2015-03-23🔒Charge registered #1Lender: Abn Amro Commercial Finance PLC
- 2015-02-16🏢Company incorporatedAs APPLIED RADIATORS (2015) LIMITED
- 2015-02-16➕BROUGH, Mark Andrew appointeddirector
- 2015-02-16➕KAHAN, Barbara appointeddirector
- 2015-02-16➖KAHAN, Barbara resigneddirector
- 2015-02-16➕MOORES, Darren Richard appointeddirector
- 2015-02-16➕STEVENSON, Gary Peter appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Applied Radiators Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Applied Radiators Group Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 13/07/2022 |
3 historic (ceased) PSCs
- Mr Gary Peter Stevensonceased 13/07/2022· 25-50% shares
- Mr Mark Andrew Broughceased 13/07/2022· 25-50% shares
- Mr Darren Richard Mooresceased 13/07/2022· 25-50% shares
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.
See pricing →Similar companies
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| A. P. BAMFORD LIMITED→ 05145340 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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| AMW INVESTMENTS LIMITED→ 13217651 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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| APB GROUP HOLDINGS LIMITED→ 12606976 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| APC ENTERPRISES (MIDLANDS) LTD→ 11673769 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| APJP INVESTMENTS LIMITED→ 14881652 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| APPLEMEDE HOLDINGS LIMITED→ 14193181 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| APPLIED RADIATORS 2025 LIMITED→ 16246397 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| APPLIED RADIATORS GROUP LTD→ 14158348 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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 · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 12/03/2025 | — | |
| satisfied | Abn Amro Asset Based Finance N.V. | A registered charge | 1 property | 20/04/2021 | 13/03/2025 | |
| satisfied | Keith Mcauliffe / Alan Leese | A registered charge | — | 23/03/2015 | 14/02/2018 | |
| satisfied | Abn Amro Commercial Finance Abn Amro Commercial Finance PLC | A registered charge | — | 23/03/2015 | 13/03/2025 |