A P & CO PROPERTIES LTD
💤Zombieactive
13193045 · ltd · incorporated 2021-02-10
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 Feb 2026
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 74/100 (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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 5.0y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~5.0 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Average employees | 100 | 100 |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-04-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-02🔒Charge registered #1Lender: Nottingham Building Society
- 2021-02-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-02-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-02-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-10🏢Company incorporatedAs A P & CO PROPERTIES LTD
- 2021-02-10➕PICTON, Adrian appointeddirector
- 2021-02-10➕DUKE, Michael appointeddirector
- 2021-02-10➖DUKE, Michael resigneddirector
- 2021-02-10📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adrian Picton Individual · British · DOB 09/1972 · age 54 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 10/02/2021 |
1 historic (ceased) PSC
- Fd Secretarial Ltdceased 10/02/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · WN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A1 PROPERTIES & INVESTMENTS LIMITED→ 11252042 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ABBIEVIEW LIMITED→ 14142717 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACJ PROPERTY ESTATES LIMITED→ 15666078 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AD PROPERTY SERVICES LIMITED→ 15227148 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDTIME PROPERTIES LIMITED→ 13008160 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AG PROPERTIES (WIGAN) LTD→ 15610026 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AKAF PROPERTY & LETTINGS LTD→ 10648471 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AKM PROPERTY MANAGEMENT LIMITED→ 16123034 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AL & V PROPERTIES LIMITED→ 16928886 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALAMAN PROPERTIES LTD→ 15899438 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALAN PRESCOTT HEATING COMPANY LIMITED→ 01162230 · est 1974 · no financials extracted | — | — | — | — | 52y | — | — |
| ALBION UK RTM LTD→ 13949559 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2021-02-10
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
4 Sandycroft Avenue
Wigan
WN1 2BG
England
Filing status
Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12
Officers (1 active · 1 resigned)
PICTON, Adrian→
Activedirector · ~54y · appointed 2021-02-10
View their other companies + combined net worth →
DUKE, Michael→
Resigneddirector · ~67y · appointed 2021-02-10 · resigned 2021-02-10
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nottingham Building Society | A registered charge | 1 property | 02/07/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-11
change-person-director-company-with-change-date
officers · CH01
2025-06-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-08