AP LETTINGS (LINCOLN) LIMITED
🏛️Establishedactive
11205227 · ltd · incorporated 2018-02-14
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£142.4k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. 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 (73/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 7.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £142,419
Cash YoY
-18%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↓ 18% YoY
Net Worth
£142k
↑ 17% YoY
Current Assets
£7k
↓ 18% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £780.1k | £759.8k |
| Current assets | £6.8k | £8.2k |
| Cash | £6.8k | £8.2k |
| Net assets | £142.4k | £122.1k |
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
6
filings
- • 4 persons-with-significant-control
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-01-26📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2026-01-23📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2026-01-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-23📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-22🔒Charge registered #5Lender: Fleet Mortgages Limited
- 2024-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-02-14📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-21🔒Charge registered #4Lender: Paragon Bank PLC
- 2021-09-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-13🔒Charge registered #3Lender: Paragon Bank PLC
- 2021-08-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-23🔒Charge registered #2Lender: Charter Court Financial Services Limited
- 2018-08-22🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2018-02-14🏢Company incorporatedAs AP LETTINGS (LINCOLN) LIMITED
- 2018-02-14➕FRANKLIN, Amanda Louise appointeddirector
- 2018-02-14➕FRANKLIN, Paul John appointeddirector
Owner dependency
79/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
46/100
Moderate signalSome 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 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Amanda Louise Franklin Individual · English · DOB 02/1968 · age 58 | 25–50% | — | 25-50% shares | 23/01/2025 |
Mr Paul John Franklin Individual · English · DOB 06/1965 · age 61 | 25–50% | — | 25-50% shares | 14/02/2018 |
1 historic (ceased) PSC
- Mrs Amana Louise Franklinceased 22/01/2026· 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 →Similar companies
Active · Property · LN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & S PROPERTIES (LOUTH) LIMITED→ 11920147 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ALEX ALBONE LIMITED→ 11817996 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ALFRED STREET LINCOLN MANAGEMENT COMPANY LIMITED→ 14793237 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL LETTINGS LIMITED→ 13161716 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ALMOND FINANCIAL PROPERTY HOLDINGS LTD→ 16421261 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANDREW KNOWLES PROPERTY INVESTMENT LIMITED→ 13717187 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ANW INVESTMENTS LIMITED→ 11159957 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| APMS PROPERTY LTD→ 14906185 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| APRICITAS LIMITED→ 13171550 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| APS PROPERTY GROUP LTD→ 11656045 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AQUILO ESTATES LIMITED→ 07406396 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ARCH LEISURE BUILDINGS LTD→ 12732870 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2018-02-14
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Unit D1 The Quays
Burton Waters
Lincoln
Lincolnshire
LN1 2XG
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-27
Last: 2026-02-13
Officers (2 active · 0 resigned)
FRANKLIN, Amanda Louise→
Activedirector · ~58y · appointed 2018-02-14
View their other companies + combined net worth →
FRANKLIN, Paul John→
Activedirector · ~61y · appointed 2018-02-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Fleet Mortgages Fleet Mortgages Limited | A registered charge | 1 property | 22/03/2024 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 21/07/2022 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 13/09/2021 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 23/07/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 22/08/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (32 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-23
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-01-26
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2026-01-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-23
change-person-director-company-with-change-date
officers · CH01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
change-person-director-company-with-change-date
officers · CH01
2024-02-14