APA SECURE LTD

💤Zombieactive
12532456 · ltd · incorporated 2020-03-24
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
£-19.8k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Private security activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 80/100. 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

1 live charge · oldest 3.0y

35/100
under pressure

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

  • · Charge age ~3.0 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
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 105 (micro)
Negative net assets
Liabilities exceed assets by £19,805
Net assets shrinking
Down £22,429 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£20k
↓ 855% YoY
Current Assets
£5k
↑ 56% YoY
Current Liabilities
-£20k-£15k-£10k-£5k£94£5kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-19.8k£2.6k
Current assets£5.1k£3.2k
Net assets£-19.8k£2.6k

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
2
filings
  • 2 persons-with-significant-control
Last 90 days
4
filings
  • 2 persons-with-significant-control
  • 1 change-of-name
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 persons-with-significant-control
  • 1 change-of-name
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-05-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-05-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-04-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-05-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-05-15
    🔒
    Charge registered #1
    Lender: Time Invoice Finance Limited
  9. 2023-02-24
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2023-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-03-24
    🏢
    Company incorporated
    As APA SECURE LTD
  14. 2020-03-24
    MILLS, Aaron Louis appointed
    director
  15. 2020-03-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-04-14: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Aaron Louis Mills
Individual · British · DOB 01/1979 · age 47
5075%
50–75%board control50-75% shares · 50-75% voting · board control24/03/2020
Mr Amar Zaman
Individual · British · DOB 09/1980 · age 46
2550%
25–50%25-50% shares · 25-50% voting28/04/2026

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
Incorporated2020-03-24
Jurisdictionengland-wales
Primary SIC80100 — Private security activities

Registered office

1 Auckland Park
Bletchley
Milton Keynes
MK1 1BU
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 · 0 resigned)

MILLS, Aaron Louis
director · ~47y · appointed 2020-03-24
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Time Invoice Finance
Time Invoice Finance Limited
A registered charge2 properties15/05/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-08
certificate-change-of-name-company
change-of-name · CERTNM
2026-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03
accounts-with-accounts-type-dormant
accounts · AA
2023-08-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-23
certificate-change-of-name-company
change-of-name · CERTNM
2023-02-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-20
accounts-with-accounts-type-dormant
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01