APPLIED ELECTRIC SERVICES MIDLAND LIMITED

💤Zombieactive
09851802 · ltd · incorporated 2015-11-02
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 Dec 2024
Net worth
£-13.0k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 35140
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £12,957
Net assets shrinking
Down £39,917 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£13k
↓ 148% YoY
Current Assets
£28k
↓ 68% YoY
Current Liabilities
-£13k£7k£26k£46k£66k£85kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£-3.1k£46.4k
Current assets£27.5k£85.2k
Net assets£-13.0k£27.0k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-05-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2018-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-03-02
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2015-11-02
    🏢
    Company incorporated
    As APPLIED ELECTRIC SERVICES MIDLAND LIMITED
  13. 2015-11-02
    OATES, Michael Antony appointed
    director
  14. 2015-11-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Antony Oates
Individual · British · DOB 10/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Emma Victoria Oates
Individual · British · DOB 02/1971 · age 55
2550%
25-50% shares06/04/2016

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
Incorporated2015-11-02
Jurisdictionengland-wales
Primary SIC35140 — SIC 35140

Registered office

Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (1 active · 0 resigned)

OATES, Michael Antony
director · ~58y · appointed 2015-11-02
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-13