API INNOVATION LTD

🚨Distressedactive
10917745 · ltd · incorporated 2017-08-16
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Aug 2023
Net worth
£-38.7k
book net assets
Opportunity
54/100
Worth a look
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62090Other information technology service activities
  • 70229Management consultancy activities other than financial management
  • 85600Educational support services
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 4 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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £38,731
Very low cash
Cash position: £39

Key financials

2 years extracted from filed iXBRL accounts
Cash
£39
Net Worth
-£39k
Current Assets
£3k
Current Liabilities
-£39k-£30k-£22k-£14k-£6k£3kAug 2022Aug 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-08-302022-08-30
Total assets£-11.5k
Current assets£2.6k
Cash£39
Debtors£2.6k
Net assets£-38.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2023-08-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2023-08-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-11-05
    HARRISON, Paul Antony resigned
    director
  9. 2020-11-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-11-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-08-16
    🏢
    Company incorporated
    As API INNOVATION LTD
  14. 2017-08-16
    SHARMA, Amit Paul appointed
    secretary
  15. 2017-08-16
    SHARMA, Amit Paul appointed
    director
  16. 2017-08-16
    HARRISON, Paul Antony appointed
    director
  17. 2017-08-16
    📄
    incorporation-company
    incorporation · NEWINC

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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-05-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-08-29

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Amit Paul Sharma
Individual · British · DOB 02/1977 · age 49
75100%
75-100% shares16/08/2017
1 historic (ceased) PSC
  • Mr Paul Antony Harrisonceased 05/11/2020· 25-50% shares

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

10 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
Incorporated2017-08-16
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

8 Pendeford Place
Pendeford Business Park
Wolverhampton
WV9 5HD
England

Filing status

Accounts
Next due: 2025-05-30OVERDUE
Last made up to: 2023-08-30
Confirmation statement
Next due: 2025-08-29OVERDUE
Last: 2024-08-15

Officers (2 active · 1 resigned)

SHARMA, Amit Paul
secretary · appointed 2017-08-16
View their other companies + combined net worth →
Active
SHARMA, Amit Paul
director · ~49y · appointed 2017-08-16
View their other companies + combined net worth →
Active
HARRISON, Paul Antony
director · ~62y · appointed 2017-08-16 · resigned 2020-11-05
Resigned

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

Recent filings (19 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
termination-director-company-with-name-termination-date
officers · TM01
2020-11-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-29