APPLIED RADIATORS GROUP LTD

💤Zombieactive
14158348 · ltd · incorporated 2022-06-08
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 Jan 2025
Net worth
£881.9k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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 4.0y

35/100
under pressure

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

  • · Charge age ~4.0 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £881,934

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£882k
↑ 70% YoY
Current Assets
Current Liabilities
£0£176k£353k£529k£706k£882kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£881.9k£801.9k
Debtors£291.1k£211.1k
Net assets£881.9k£520.1k

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
2
filings
  • 1 confirmation-statement
  • 1 capital
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 capital
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-15
    📄
    capital-name-of-class-of-shares
    capital · SH08
  2. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2025-03-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-03-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-03-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-03-17
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2025-03-17
    📄
    memorandum-articles
    incorporation · MA
  9. 2025-03-14
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2025-03-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2025-03-13
    🔓
    Charge satisfied #1
  12. 2025-03-12
    STEVENSON, Gary Peter resigned
    director
  13. 2024-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-08-07
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  15. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-08-22
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2022-08-03
    📄
    capital-allotment-shares
    capital · SH01
  18. 2022-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-07-05
    🔒
    Charge registered #1
    Lender: Abn Amro Asset Based Finance N.V.
  20. 2022-06-08
    🏢
    Company incorporated
    As APPLIED RADIATORS GROUP LTD
  21. 2022-06-08
    BROUGH, Mark appointed
    director
  22. 2022-06-08
    STEVENSON, Gary Peter appointed
    director
  23. 2022-06-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material 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 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Applied Radiators 2025 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Applied Radiators 2025 Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
APPLIED RADIATORS GROUP LTD
This company · 14158348

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Applied Radiators 2025 Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/03/2025
2 historic (ceased) PSCs
  • Mr Mark Broughceased 12/03/2025· 25-50% shares · 25-50% voting · board control
  • Mr Gary Peter Stevensonceased 12/03/2025· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2022-06-08
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

C/O Dpc Stone House
55 Stone Road Business Park
Stoke-On-Trent
Staffordshire
ST4 6SR
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-06-21
Last: 2026-06-07

Officers (1 active · 1 resigned)

BROUGH, Mark
director · ~54y · appointed 2022-06-08
View their other companies + combined net worth →
Active
STEVENSON, Gary Peter
director · ~62y · appointed 2022-06-08 · resigned 2025-03-12
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Abn Amro Asset Based Finance N.V.
A registered charge1 property05/07/202213/03/2025

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-08
capital-name-of-class-of-shares
capital · SH08
2026-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-03-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-19
termination-director-company-with-name-termination-date
officers · TM01
2025-03-19
resolution
resolution · RESOLUTIONS
2025-03-17
memorandum-articles
incorporation · MA
2025-03-17
capital-name-of-class-of-shares
capital · SH08
2025-03-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
change-account-reference-date-company-current-shortened
accounts · AA01
2023-08-07