AP TRUSTEES LIMITED

💤Zombieactive
11378917 · ltd · incorporated 2018-05-23
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 55/100. 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: share sale to pe / searcher (53/100).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
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 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • 1 gazette
  • 1 confirmation-statement
Last 90 days
3
filings
  • 2 gazette
  • 1 confirmation-statement
Last 180 days
3
filings
  • 2 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-06-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-09-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-09-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-03-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-02-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-10-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2018-05-23
    🏢
    Company incorporated
    As AP TRUSTEES LIMITED
  17. 2018-05-23
    PELLOW, Ian Anthony appointed
    director
  18. 2018-05-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 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: 2026-02-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian Anthony Pellow
Individual · British · DOB 12/1957 · age 69
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/05/2018

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2018-05-23
Jurisdictionengland-wales
Primary SIC66300 — Fund management activities

Registered office

Hillfoot House
Beenham Hill
Beenham
Berkshire
RG7 5LS
United Kingdom

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-06-05
Last: 2026-05-22

Officers (1 active · 0 resigned)

PELLOW, Ian Anthony
director · ~69y · appointed 2018-05-23
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-03
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-29
change-person-director-company-with-change-date
officers · CH01
2025-09-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-24