APPROVED ENGINES LTD

🌿Early-stageactive
14076089 · ltd · incorporated 2022-04-28
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Retail trade of motor vehicle parts and accessories
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 60/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2025-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-07
    JACKSON, Alexander Paul resigned
    director
  5. 2025-08-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-06-04
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2024-04-17
    JACKSON, Alexander Paul appointed
    director
  9. 2024-04-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-04-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2023-09-07
    CULWICK, Adam Edward appointed
    director
  13. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-02-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-04-28
    🏢
    Company incorporated
    As APPROVED ENGINES LTD
  16. 2022-04-28
    BAKER, Daniel appointed
    director
  17. 2022-04-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-15

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Daniel Baker
Individual · British · DOB 05/1987 · age 39
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/04/2022
Mr Adam Edward Culwick
Individual · British · DOB 11/1991 · age 35
2550%
25-50% shares22/12/2025
1 historic (ceased) PSC
  • Mr Adam Edward Culwickceased 16/12/2025· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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07650077 · est 2011 · no financials extracted
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15196636 · est 2023 · no financials extracted
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11762112 · est 2019 · no financials extracted
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15457589 · est 2024 · no financials extracted
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05549916 · est 2005 · no financials extracted
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15410361 · est 2024 · no financials extracted
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12361567 · est 2019 · no financials extracted
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2022-04-28
Jurisdictionengland-wales
Primary SIC45320 — Retail trade of motor vehicle parts and accessories

Registered office

Unit 2, Inca Business Park Melford Road
Acton
Sudbury
CO10 0BB
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-15OVERDUE
Last: 2025-04-01

Officers (2 active · 1 resigned)

BAKER, Daniel
director · ~39y · appointed 2022-04-28
View their other companies + combined net worth →
Active
CULWICK, Adam Edward
director · ~35y · appointed 2023-09-07
View their other companies + combined net worth →
Active
JACKSON, Alexander Paul
director · ~36y · appointed 2024-04-17 · resigned 2025-08-07
Resigned

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

Recent filings (15 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-18
termination-director-company-with-name-termination-date
officers · TM01
2025-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-17
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-06-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-17
appoint-person-director-company-with-name-date
officers · AP01
2024-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-01
appoint-person-director-company-with-name-date
officers · AP01
2023-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-06
incorporation-company
incorporation · NEWINC
2022-04-28