APSTORM LTD
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: Cash flow review and working-capital discipline. Cash down -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover 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 | £9.3k | £23.7k |
| Current assets | £35.5k | £63.5k |
| Cash | £27.4k | £61.5k |
| Debtors | £8.1k | £1.9k |
| Net assets | £9.3k | £23.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 miscellaneous
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (14 events)Click to expand
- 2026-04-21📄legacymiscellaneous · RP01PSC01
- 2026-04-09📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2025-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-01➕LOCKER, Matthew Alan appointeddirector
- 2021-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-10🏢Company incorporatedAs APSTORM LTD
- 2020-03-10➕LOCKER, Debbie Elizabeth appointeddirector
- 2020-03-10📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Matthew Alan Locker Individual · British · DOB 04/1974 · age 52 | 25–50% | — | 25-50% shares | 30/03/2023 |
Mrs Debbie Elizabeth Locker Individual · British · DOB 12/1972 · age 54 | 25–50% | 75–100% | board control75-100% shares · 75-100% voting · board control | 10/03/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.