APPIAN LOGISTICS LTD
Opportunity 45/100 (watch), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 0.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.8 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 |
|---|---|
| Total assets | £60.6k |
| Current assets | £206.3k |
| Cash | £15.2k |
| Debtors | £191.1k |
| Net assets | £20.1k |
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
- • 2 insolvency
- • 1 resolution
- • 2 insolvency
- • 1 resolution
- • 1 address
- • 2 insolvency
- • 1 resolution
- • 1 address
Corporate timeline (25 events)Click to expand
- 2026-06-09⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-06-09📄resolutionresolution · RESOLUTIONS
- 2026-06-09⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-05-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-28🔒Charge registered #1Lender: Time Invoice Finance Limited
- 2025-08-05📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-12-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-06-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-15📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-10📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2022-02-10📍change-sail-address-company-with-new-addressaddress · AD02
- 2022-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-02-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-02-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-02-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-06-26➕SHEPHERD, George appointeddirector
- 2020-12-03🏢Company incorporatedAs APPIAN LOGISTICS LTD
- 2020-12-03➕SHEPHERD, Luke Douglas appointeddirector
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
2 high ·Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-06-09: liquidation-voluntary-appointment-of-liquidator; 2026-06-09: liquidation-voluntary-statement-of-affairs
Group structure
Md Investment Holdings Ltd holds 25-50% — a significant corporate investor but not a controlling parent.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Md Investment Holdings Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/11/2021 |
Mr George Shepherd Individual · British · DOB 11/1988 · age 38 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/01/2021 |
Mr Luke Douglas Shepherd Individual · British · DOB 12/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/12/2020 |
2 historic (ceased) PSCs
- Mr George Shepherdceased 01/12/2021· 25-50% shares · 25-50% voting
- Mr Luke Douglas Shepherdceased 03/12/2020· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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9 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.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Time Invoice Finance Time Invoice Finance Limited | A registered charge | 2 properties | 28/08/2025 | — |