APNE LIMITED

🌳Matureactive
09483083 · ltd · incorporated 2015-03-11
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 65). 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 10.8y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 10.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
44 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
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£1.8m£3.7m£5.5m£7.3m£9.2mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£750.0k
Current assets£9.15M
Cash£4.86M
Debtors£492.1k
Net assets£750.0k
Average employees0

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-10-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-04-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-01-25
    🔒
    Charge registered #3
    Lender: Credit Suisse (UK) Limited
  9. 2024-01-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-01-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-01-12
    🔓
    Charge satisfied #2
  12. 2024-01-12
    🔓
    Charge satisfied #1
  13. 2023-12-21
    📄
    capital-allotment-shares
    capital · SH01
  14. 2023-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-11-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2020-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2017-04-24
    RADIA, Ramesh resigned
    director
  23. 2016-07-01
    NATHWANI, Nilesh appointed
    director
  24. 2016-07-01
    NATHWANI, Panna appointed
    director
  25. 2015-08-30
    🔒
    Charge registered #2
    Lender: Standard Chartered Bank
  26. 2015-08-26
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  27. 2015-03-11
    🏢
    Company incorporated
    As APNE LIMITED
  28. 2015-03-11
    RADIA, Ramesh appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nilesh Nathwani
Individual · British · DOB 07/1961 · age 65
75100%
75–100%75-100% shares · 75-100% voting07/04/2016
1 historic (ceased) PSC
  • Mrs Panna Nathwaniceased 24/03/2025· 25-50% shares · 25-50% voting

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 →

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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
Incorporated2015-03-11
Jurisdictionengland-wales
Primary SIC66300 — Fund management activities

Registered office

1c Henley Business Park
Pirbright Road
Guildford
Surrey
GU3 2DX
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24

Officers (2 active · 1 resigned)

NATHWANI, Nilesh
director · ~65y · appointed 2016-07-01
View their other companies + combined net worth →
Active
NATHWANI, Panna
director · ~62y · appointed 2016-07-01
View their other companies + combined net worth →
Active
RADIA, Ramesh
director · ~70y · appointed 2015-03-11 · resigned 2017-04-24
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Credit Suisse (UK)
Credit Suisse (UK) Limited
A registered charge25/01/2024
satisfied
Standard Chartered Bank
A registered charge30/08/201512/01/2024
satisfied
Barclays
Barclays Bank PLC
A registered charge26/08/201512/01/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
change-person-director-company-with-change-date
officers · CH01
2025-10-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-31
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-12
capital-allotment-shares
capital · SH01
2023-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-14