APPLEBY GROUNDWORKS LTD

💤Zombieactive
14276815 · ltd · incorporated 2022-08-04
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 Nov 2024
Net worth
£7.8k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

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

Data confidence

Overall: medium (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £7,779
Very low cash
Cash position: £87

Key financials

1 year extracted from filed iXBRL accounts
Cash
£87
Net Worth
£8k
Current Assets
£12k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-30
Total assets£7.8k
Current assets£12.5k
Cash£87
Debtors£12.4k
Net assets£7.8k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-06-12
    📄
    dissolution-withdrawal-application-strike-off-company
    dissolution · DS02
  2. 2025-06-10
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  3. 2025-06-03
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  4. 2025-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-01-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2024-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-04
    🏢
    Company incorporated
    As APPLEBY GROUNDWORKS LTD
  8. 2022-08-04
    APPLEBY, Ian James appointed
    secretary
  9. 2022-08-04
    APPLEBY, Ian James appointed
    director
  10. 2022-08-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "APPLEBY" — strong identity link between founder and business.

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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian James Appleby
Individual · British · DOB 09/1981 · age 45
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/08/2022

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

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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
Incorporated2022-08-04
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

9 Hendreforgan Crescent
Gilfach Goch
Porth
Mid Glamorgan
CF39 8UL
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-09-16
Last: 2025-09-02

Officers (2 active · 0 resigned)

APPLEBY, Ian James
secretary · appointed 2022-08-04
View their other companies + combined net worth →
Active
APPLEBY, Ian James
director · ~45y · appointed 2022-08-04
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-03
dissolution-withdrawal-application-strike-off-company
dissolution · DS02
2025-06-12
gazette-notice-voluntary
gazette · GAZ1(A)
2025-06-10
dissolution-application-strike-off-company
dissolution · DS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
change-account-reference-date-company-previous-extended
accounts · AA01
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-02
incorporation-company
incorporation · NEWINC
2022-08-04