APM DEVELOPMENTS LTD

🏛️Establishedactive
11638036 · ltd · incorporated 2018-10-23
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 Apr 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 77/100. 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 (58/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 7.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 7.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
57 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30

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
6
filings
  • 6 mortgage
Last 180 days
7
filings
  • 6 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2026-05-19
    🔓
    Charge satisfied #6
  8. 2026-05-19
    🔓
    Charge satisfied #5
  9. 2026-05-19
    🔓
    Charge satisfied #4
  10. 2026-05-19
    🔓
    Charge satisfied #3
  11. 2026-05-19
    🔓
    Charge satisfied #2
  12. 2026-05-19
    🔓
    Charge satisfied #1
  13. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2024-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2024-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2024-01-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2023-12-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2023-12-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2023-03-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2023-03-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2023-03-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  24. 2023-03-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2023-03-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  26. 2023-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  27. 2023-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  28. 2023-01-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2022-04-04
    🔒
    Charge registered #6
    Lender: Pendragon Group Limited
  30. 2022-04-04
    🔒
    Charge registered #5
    Lender: Pendragon Group Limited
  31. 2020-07-31
    🔒
    Charge registered #4
    Lender: Romaco Spv 5 Limited
  32. 2020-07-31
    🔒
    Charge registered #3
    Lender: Romaco Spv 5 Limited
  33. 2019-06-28
    🔒
    Charge registered #2
    Lender: Romaco Spv 2 Limited
  34. 2019-06-28
    🔒
    Charge registered #1
    Lender: Romaco Spv 2 Limited
  35. 2018-10-23
    🏢
    Company incorporated
    As APM DEVELOPMENTS LTD
  36. 2018-10-23
    MURRAY, Alexandra Jane appointed
    director
  37. 2018-10-23
    MURRAY, Paul appointed
    director

Owner dependency

71/100
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.
  • +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

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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.

Group structure

Apm Assets Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Apm Assets Limited
Corporate parent · holds 75-100% shares
ultimate parent
APM DEVELOPMENTS LTD
This company · 11638036

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Apm Assets Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting21/10/2022
Mr Paul Murray
Individual · British · DOB 03/1983 · age 43
sig. influencesignificant influence23/10/2018
Mrs Alexandra Jane Murray
Individual · English · DOB 02/1986 · age 40
sig. influencesignificant influence23/10/2018

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2018-10-23
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

The Granary Weston Lane
Weston
Oswestry
SY10 9ER
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (2 active · 0 resigned)

MURRAY, Alexandra Jane
director · ~40y · appointed 2018-10-23
View their other companies + combined net worth →
Active
MURRAY, Paul
director · ~43y · appointed 2018-10-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Pendragon Group
Pendragon Group Limited
A registered charge04/04/202219/05/2026
satisfied
Pendragon Group
Pendragon Group Limited
A registered charge1 property04/04/202219/05/2026
satisfied
Romaco Spv 5
Romaco Spv 5 Limited
A registered charge1 property31/07/202019/05/2026
satisfied
Romaco Spv 5
Romaco Spv 5 Limited
A registered charge1 property31/07/202019/05/2026
satisfied
Romaco Spv 2
Romaco Spv 2 Limited
A registered charge1 property28/06/201919/05/2026
satisfied
Romaco Spv 2
Romaco Spv 2 Limited
A registered charge1 property28/06/201919/05/2026

Recent filings (57 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-28
change-person-director-company-with-change-date
officers · CH01
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-11
change-person-director-company-with-change-date
officers · CH01
2023-12-04