API FINANCIAL SERVICES LIMITED

💤Zombieactive
09534309 · ltd · incorporated 2015-04-09
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 Mar 2025
Net worth
£-180.2k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Other activities auxiliary to financial services, except insurance and pension funding
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (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 -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
48 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £180,159
Very low cash
Cash position: £9
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9
↓ 99% YoY
Net Worth
-£180k
↑ 4.8% YoY
Current Assets
£70k
↑ 15% YoY
Current Liabilities
—
-£189k-£137k-£86k-£34k£18k£70kMar 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£-170.2k£-172.1k
Current assets£69.9k£60.6k
Cash£9£771
Debtors£59.9k£59.9k
Net assets£-180.2k£-189.2k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-10
    📄
    miscellaneous
    miscellaneous · MISC
  4. 2024-03-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-07-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-01-26
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2021-07-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-29
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2021-01-13
    📄
    capital-allotment-shares
    capital · SH01
  13. 2021-01-13
    📄
    capital-allotment-shares
    capital · SH01
  14. 2020-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-07-18
    ➕
    MCCARTHY, Jonathan appointed
    director
  18. 2017-07-18
    ➖
    HALLETT, Jessica resigned
    director
  19. 2017-06-21
    ➕
    HALLETT, Jessica appointed
    director
  20. 2017-06-21
    ➖
    MCCARTHY, Jonathan resigned
    director
  21. 2016-01-15
    ➖
    LAST, Kristian resigned
    director
  22. 2016-01-15
    ➕
    MCCARTHY, Jonathan appointed
    director
  23. 2016-01-15
    ➖
    MORGAN, Jamie resigned
    director
  24. 2015-12-09
    ➖
    WILLIAMS, Gareth resigned
    director
  25. 2015-12-01
    ➕
    WILLIAMS, Gareth appointed
    director
  26. 2015-04-09
    🏢
    Company incorporated
    As API FINANCIAL SERVICES LIMITED
  27. 2015-04-09
    ➕
    LAST, Kristian appointed
    director
  28. 2015-04-09
    ➕
    MORGAN, Jamie 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Mccarthy
Individual · British · DOB 03/1973 · age 53
75–100%
75–100%board control75-100% shares · 75-100% voting · board control10/04/2016

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
Incorporated2015-04-09
Jurisdictionwales
Primary SIC66190 — Other activities auxiliary to financial services, except insurance and pension funding

Registered office

Ground Floor, Unit 7 Tawe Business Village,
Swansea Enterprise Park
Swansea
SA7 9LA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-23
Last: 2026-04-09

Officers (1 active · 5 resigned)

MCCARTHY, Jonathan→
director · ~53y · appointed 2017-07-18
View their other companies + combined net worth →
Active
HALLETT, Jessica→
director · ~36y · appointed 2017-06-21 · resigned 2017-07-18
Resigned
LAST, Kristian→
director · ~35y · appointed 2015-04-09 · resigned 2016-01-15
Resigned
MCCARTHY, Jonathan→
director · ~53y · appointed 2016-01-15 · resigned 2017-06-21
Resigned
MORGAN, Jamie→
director · ~34y · appointed 2015-04-09 · resigned 2016-01-15
Resigned
WILLIAMS, Gareth→
director · ~44y · appointed 2015-12-01 · resigned 2015-12-09
Resigned

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

Recent filings (48 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
miscellaneous
miscellaneous · MISC
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-13
gazette-notice-compulsory
gazette · GAZ1
2024-03-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-08