APN HOLDINGS LTD

🏛️Establishedactive
11028105 · ltd · incorporated 2017-10-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 72/100 (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: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
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 (23 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-05-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-05-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-03-22
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  10. 2022-03-22
    📄
    legacy
    capital · SH20
  11. 2022-03-22
    ⚠️
    legacy
    insolvency · CAP-SS
  12. 2022-03-22
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2022-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-05-27
    KERNACHAN, Terence George appointed
    director
  15. 2021-05-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-05-29
    ELLIS, Ian resigned
    secretary
  17. 2020-05-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-12-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2017-10-24
    🏢
    Company incorporated
    As APN HOLDINGS LTD
  22. 2017-10-24
    ROTHWELL, Michael appointed
    director
  23. 2017-10-24
    ELLIS, Ian appointed
    secretary

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-03-22: legacy

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Rothwell
Individual · British · DOB 07/1968 · age 58
75100%
75-100% shares24/10/2017
Terence Kernachan
Individual
2550%
25-50% shares31/03/2018

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 →

Similar companies

Active · Holding company · LS postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A M PROPERTY YORKSHIRE LTD
15110751 · est 2023 · no financials extracted
2y
ABETO HOLDINGS LIMITED
12500380 · est 2020 · no financials extracted
6y
ALLERTONS HOLDINGS LIMITED
17122961 · est 2026 · no financials extracted
ALPACA VENTURES LIMITED
12660377 · est 2020 · no financials extracted
5y
ALTEX HOLDINGS BRADFORD LIMITED
07421429 · est 2010 · no financials extracted
15y
AMN RELIEF
13153328 · est 2021 · no financials extracted
5y
AMP CAPITAL HOLDINGS LIMITED
14477786 · est 2022 · no financials extracted
3y
APPEARL LTD
14194494 · est 2022 · no financials extracted
3y
APPLIED METAL TECHNOLOGY HOLDINGS LIMITED
17058814 · est 2026 · no financials extracted
APPLYEARLY LIMITED
11531756 · est 2018 · no financials extracted
7y
APRIL'S VIEW MANAGEMENT LTD
15305435 · est 2023 · no financials extracted
2y
AQ HOLDING LTD
16147896 · est 2024 · no financials extracted
1y
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
Incorporated2017-10-24
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

34 Wellington Street
Leeds
LS1 2DE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (2 active · 1 resigned)

KERNACHAN, Terence George
director · ~61y · appointed 2021-05-27
View their other companies + combined net worth →
Active
ROTHWELL, Michael
director · ~58y · appointed 2017-10-24
View their other companies + combined net worth →
Active
ELLIS, Ian
secretary · appointed 2017-10-24 · resigned 2020-05-29
Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-24
change-person-director-company-with-change-date
officers · CH01
2022-05-27
change-person-director-company-with-change-date
officers · CH01
2022-05-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-27
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2022-03-22
legacy
capital · SH20
2022-03-22
legacy
insolvency · CAP-SS
2022-03-22