AP TURBINE SERVICES LIMITED

💤Zombieactive
10390261 · ltd · incorporated 2016-09-22
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
£18.1k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (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 (58/100).

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £18,100

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
Net Worth
£18k
↑ 414% YoY
Current Assets
£63k
Current Liabilities
-£6k£8k£22k£35k£49k£63kApr 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£20.9k£453
Current assets£62.9k
Cash£12.3k
Debtors£5.3k£16.7k
Net assets£18.1k£-5.8k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-03-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-02-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-02-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2024-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-10-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-06-21
    📄
    capital-allotment-shares
    capital · SH01
  16. 2022-06-06
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2021-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-09-22
    🏢
    Company incorporated
    As AP TURBINE SERVICES LIMITED
  20. 2016-09-22
    PERKINS, Adam appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 Adam Perkins
Individual · British · DOB 11/1992 · age 34
75100%
75–100%75-100% shares · 75-100% voting22/09/2016
1 historic (ceased) PSC
  • Mr Adam Richard Perkinsceased 03/10/2023· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2016-09-22
Jurisdictionengland-wales
Primary SIC71121 — Engineering design activities for industrial process and production

Registered office

10 Arans Way Ingleby Barwick
Stockton-On-Tees
North Yorkshire
TS17 5FZ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-10-05
Last: 2025-09-21

Officers (1 active · 0 resigned)

PERKINS, Adam
director · ~34y · appointed 2016-09-22
View their other companies + combined net worth →
Active

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

Recent filings (35 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-11
change-person-director-company-with-change-date
officers · CH01
2024-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-27
change-person-director-company-with-change-date
officers · CH01
2024-02-26
change-person-director-company-with-change-date
officers · CH01
2024-02-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-12