APDAN LIMITED
Opportunity 70/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 9.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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.
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 | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £313.7k | — |
| Current assets | £488.7k | — |
| Cash | £74.4k | — |
| Debtors | £414.3k | — |
| Net assets | £238.5k | — |
| Average employees | — | 7200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 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 accounts
Corporate timeline (23 events)Click to expand
- 2026-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-30🔓Charge satisfied #2
- 2025-10-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-20🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2025-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-15🔓Charge satisfied #1
- 2025-09-18📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-09-07🔒Charge registered #2Lender: Lloyds Bank Commercial Finance LTD
- 2017-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-07-05🔒Charge registered #1Lender: Hsbc Bank PLC
- 2017-04-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-08-05🏢Company incorporatedAs APDAN LIMITED
- 2016-08-05➕DANIELS, Andrew Paul appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
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.
Red flags
1 med ·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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Paul Daniels Individual · British · DOB 05/1975 · age 51 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence | 05/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 20/10/2025 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance LTD | A registered charge | — | 07/09/2017 | 30/10/2025 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 05/07/2017 | 15/10/2025 |