AFFORDABLE PROPERTY RENTALS LIMITED

💤Zombieactive
10333638 · ltd · incorporated 2016-08-17
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 Aug 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 70/100. 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).

🏦

Refinance opportunity

12 live charges · oldest 7.7y

45/100
under pressure

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

  • · Oldest live charge is 7.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 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
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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£0£0£0£0£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Average employees200200

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 (33 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-06-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2024-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-09-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2020-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2019-11-29
    🔒
    Charge registered #12
    Lender: Paragon Bank PLC
  15. 2019-10-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-10-03
    🔒
    Charge registered #11
    Lender: Paragon Bank PLC
  17. 2019-08-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-08-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2019-08-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2019-08-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2019-06-14
    🔒
    Charge registered #10
    Lender: Paragon Bank PLC
  22. 2019-05-14
    🔒
    Charge registered #9
    Lender: Paragon Bank PLC
  23. 2019-03-29
    🔒
    Charge registered #8
    Lender: Paragon Bank PLC
  24. 2019-03-14
    🔒
    Charge registered #7
    Lender: Paragon Bank PLC
  25. 2018-12-14
    🔒
    Charge registered #6
    Lender: Paragon Bank PLC
  26. 2018-12-07
    🔒
    Charge registered #5
    Lender: Paragon Bank PLC
  27. 2018-09-28
    🔒
    Charge registered #4
    Lender: Paragon Bank PLC
  28. 2018-09-28
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  29. 2018-09-27
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  30. 2018-09-27
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  31. 2016-08-17
    🏢
    Company incorporated
    As AFFORDABLE PROPERTY RENTALS LIMITED
  32. 2016-08-17
    LEDGER, Amanda appointed
    secretary
  33. 2016-08-17
    LEDGER, John appointed
    director

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 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
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.

Red flags

1 low
12 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Ledger
Individual · British · DOB 04/1968 · age 58
2550%
25–50%25-50% shares · 25-50% voting17/08/2016
Mrs Amanda Ledger
Individual · British · DOB 08/1965 · age 61
2550%
25–50%25-50% shares · 25-50% voting17/08/2016
1 historic (ceased) PSC
  • Mrs Amanda Ledgerceased 17/08/2016· 25-50% shares · 25-50% voting

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

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9y
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
Incorporated2016-08-17
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Greenfields Farm
Hunsterson
Nantwich
CW5 7PT
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (2 active · 0 resigned)

LEDGER, Amanda
secretary · appointed 2016-08-17
View their other companies + combined net worth →
Active
LEDGER, John
director · ~58y · appointed 2016-08-17
View their other companies + combined net worth →
Active

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

Mortgages & charges

12
Total charges
12
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property29/11/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property03/10/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property14/06/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property14/05/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property29/03/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property14/03/2019
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property14/12/2018
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property07/12/2018
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property28/09/2018
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property28/09/2018
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property27/09/2018
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property27/09/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-20
change-person-secretary-company-with-change-date
officers · CH03
2024-06-20
change-person-director-company-with-change-date
officers · CH01
2024-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-21