A.E.P (NW) DEVELOPMENTS LTD

💤Zombieactive
11263609 · ltd · incorporated 2018-03-20
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 Mar 2025
Net worth
£-439.6k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 8.0y

30/100
under pressure

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

  • · Oldest live charge is 8.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
43 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
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £439,599
Cash YoY
-27%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 27% YoY
Net Worth
-£440k
↓ 29% YoY
Current Assets
£552k
↑ 168% YoY
Current Liabilities
—
-£440k-£241k-£43k£155k£354k£552kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-421.2k£-318.7k
Current assets£552.1k£205.7k
Cash£2.1k£2.8k
Debtors£550.1k£20.6k
Net assets£-439.6k£-341.2k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-10-06
    🔒
    Charge registered #6
    Lender: Cambridge & Counties Bank Limited
  8. 2023-10-06
    🔒
    Charge registered #5
    Lender: Cambridge & Counties Bank Limited
  9. 2022-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-06-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-06-27
    🔓
    Charge satisfied #4
  12. 2022-05-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-03-22
    ➖
    CLARK, Ashley resigned
    director
  14. 2022-03-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-11-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-10-25
    ➕
    CLARK, Ashley appointed
    director
  18. 2021-10-25
    ➖
    YATES, Darren resigned
    director
  19. 2021-10-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  20. 2021-10-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2021-10-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2021-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-10-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2021-10-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2021-10-13
    🔓
    Charge satisfied #3
  26. 2020-07-21
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  27. 2020-03-05
    ➖
    SMITH, Christopher Peter resigned
    director
  28. 2019-10-21
    🔓
    Charge satisfied #2
  29. 2019-10-21
    🔓
    Charge satisfied #1
  30. 2019-08-12
    ➕
    YATES, Darren appointed
    director
  31. 2019-06-07
    ➖
    YATES, Darren resigned
    director
  32. 2019-04-01
    ➕
    SMITH, Christopher Peter appointed
    director
  33. 2019-01-31
    🔒
    Charge registered #3
    Lender: Cambridge & Counties Bank Limited
  34. 2018-08-04
    ➕
    YATES, Bradley appointed
    director
  35. 2018-06-15
    🔒
    Charge registered #2
    Lender: Cambridge & Counties Bank Limited
  36. 2018-06-14
    🔒
    Charge registered #1
    Lender: Cambridge & Counties Bank Limited
  37. 2018-03-20
    🏢
    Company incorporated
    As A.E.P (NW) DEVELOPMENTS LTD
  38. 2018-03-20
    ➕
    YATES, Darren appointed
    director

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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Bradley Yates
Individual · British · DOB 10/1997 · age 29
75–100%
—75-100% shares25/10/2021
1 historic (ceased) PSC
  • Mr Darren Yatesceased 25/10/2021· 75-100% shares · 75-100% voting

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

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
Incorporated2018-03-20
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Unit 10 Neptune Court
Hallam Way
Blackpool
FY4 5LZ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23

Officers (1 active · 4 resigned)

YATES, Bradley→
director · ~29y · appointed 2018-08-04
View their other companies + combined net worth →
Active
CLARK, Ashley→
director · ~38y · appointed 2021-10-25 · resigned 2022-03-22
Resigned
SMITH, Christopher Peter→
director · ~45y · appointed 2019-04-01 · resigned 2020-03-05
Resigned
YATES, Darren→
director · ~60y · appointed 2019-08-12 · resigned 2021-10-25
Resigned
YATES, Darren→
director · ~60y · appointed 2018-03-20 · resigned 2019-06-07
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge—06/10/2023—
outstanding
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge1 property06/10/2023—
satisfied
Barclays
Barclays Bank PLC
A registered charge—21/07/202027/06/2022
satisfied
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge2 properties31/01/201913/10/2021
satisfied
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge1 property15/06/201821/10/2019
satisfied
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge3 properties14/06/201821/10/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-23
termination-director-company-with-name-termination-date
officers · TM01
2022-03-22