APEX PERFORMANCE CARS LIMITED

💤Zombieactive
10131776 · ltd · incorporated 2016-04-19
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 Apr 2025
Net worth
£815.1k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: SIC 45190
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed automotive with salvageable qualities — special-situations priority.

Opportunity 67/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £815,100
Cash YoY
-2%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£176k
↓ 2.4% YoY
Net Worth
£815k
↑ 5.7% YoY
Current Assets
£1.9m
↑ 8.8% YoY
Current Liabilities
—
£0£381k£762k£1.1m£1.5m£1.9mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£822.5k£797.0k
Current assets£1.91M£1.75M
Cash£175.8k£180.1k
Debtors£806.8k£487.4k
Net assets£815.1k£771.1k

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 address
  • • 1 accounts
Last 180 days
2
filings
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-05-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-11-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-01-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-04-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-04-28
    🔒
    Charge registered #2
    Lender: Le Capital UK (Asset 1) Limited
  8. 2023-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-04-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-07-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2022-06-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-06-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2020-06-09
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) (Company Number SC001111)
  17. 2020-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-11-13
    ➖
    SHAH, Shakeel Ahtesham resigned
    director
  19. 2019-11-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2019-04-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2018-12-11
    📄
    capital-allotment-shares
    capital · SH01
  22. 2018-04-20
    ➕
    AZIZ, Banaras appointed
    director
  23. 2016-04-19
    🏢
    Company incorporated
    As APEX PERFORMANCE CARS LIMITED
  24. 2016-04-19
    ➕
    SHAH, Shakeel Ahtesham 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

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-03

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Banaras Aziz
Individual · British · DOB 09/1983 · age 43
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence · firm interest20/04/2018
Mr Shakeel Ahtesham Shah
Individual · British · DOB 01/1981 · age 45
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence · firm interest19/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2016-04-19
Jurisdictionengland-wales
Primary SIC45190 — SIC 45190

Registered office

134 Birkby Hall Road
Huddersfield
HD2 2UZ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-03OVERDUE
Last: 2025-04-19

Officers (1 active · 1 resigned)

AZIZ, Banaras→
director · ~43y · appointed 2018-04-20
View their other companies + combined net worth →
Active
SHAH, Shakeel Ahtesham→
director · ~45y · appointed 2016-04-19 · resigned 2019-11-13
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Le Capital UK (Asset 1)
Le Capital UK (Asset 1) Limited
A registered charge1 property28/04/2023—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) (Company Number SC001111)
A registered charge—09/06/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (31 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-14
gazette-filings-brought-up-to-date
gazette · DISS40
2022-07-06
gazette-notice-compulsory
gazette · GAZ1
2022-06-28