AA PROGRESSIVE PROPERTIES LIMITED

💤Zombieactive
14912207 · ltd · incorporated 2023-06-02
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 Jun 2025
Net worth
book net assets
Opportunity
66/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 66/100 (strong), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

10 live charges · 4 lenders · oldest 2.1y

0/100
under pressure

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

  • · Newest facility, 2.1 years old — likely still in initial term.
  • · 4 lenders named — inter-creditor friction likely.
  • · 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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30

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
1
filing
  • 1 accounts
Last 90 days
2
filings
  • 1 accounts
  • 1 mortgage
Last 180 days
4
filings
  • 2 mortgage
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-06-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-06-11
    🔒
    Charge registered #10
    Lender: Paratus Amc Limited
  4. 2026-04-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2026-04-01
    🔒
    Charge registered #9
    Lender: Shawbrook Bank Limited
  6. 2025-12-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-12-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2025-12-23
    🔓
    Charge satisfied #5
  9. 2025-12-18
    🔒
    Charge registered #8
    Lender: Aldermore Bank PLC
  10. 2025-11-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2025-11-13
    🔒
    Charge registered #7
    Lender: Aldermore Bank PLC
  12. 2025-10-21
    📄
    memorandum-articles
    incorporation · MA
  13. 2025-10-21
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2025-04-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2025-04-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2025-04-24
    🔒
    Charge registered #6
    Lender: Shawbrook Bank Limited
  17. 2025-04-24
    🔒
    Charge registered #5
    Lender: Shawbrook Bank Limited
  18. 2025-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2025-02-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2025-02-26
    🔒
    Charge registered #4
    Lender: Shawbrook Bank Limited
  21. 2024-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2024-11-20
    🔒
    Charge registered #3
    Lender: Shawbrook Bank Limited
  23. 2024-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2024-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2024-07-01
    🔒
    Charge registered #2
    Lender: Allica Bank Limited
  26. 2024-07-01
    🔒
    Charge registered #1
    Lender: Allica Bank Limited
  27. 2023-06-02
    🏢
    Company incorporated
    As AA PROGRESSIVE PROPERTIES LIMITED
  28. 2023-06-02
    RABANI, Muhammad Adnan appointed
    director
  29. 2023-06-02
    📄
    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

1 med · 1 low
4 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-06-11: A registered charge; 2026-04-01: A registered charge; 2025-12-18: A registered charge

9 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Muhammad Adnan Rabani
Individual · British · DOB 04/1994 · age 32
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/06/2023

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 →

Similar companies

Active · Property · DH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
6OU LIMITED
13374162 · est 2021 · no financials extracted
4y
A&L DEAN PROPERTIES LTD
16573090 · est 2025 · no financials extracted
AA DHILLON PROPERTIES LTD
11663595 · est 2018 · no financials extracted
7y
AASRU LTD
17110935 · est 2026 · no financials extracted
ABSOLUTELY FABULOUS PROPERTIES LTD
17129078 · est 2026 · no financials extracted
AC ECHO LTD
16743445 · est 2025 · no financials extracted
ACM PORTFOLIOS LTD
13933011 · est 2022 · no financials extracted
4y
ACTON MULTI SERVICES LTD
07365080 · est 2010 · no financials extracted
15y
ADDCITY LIMITED
13349481 · est 2021 · no financials extracted
4y
ADF PROPERTY GROUP LIMITED
16669729 · est 2025 · no financials extracted
ADL HOMES LIMITED
14202607 · est 2022 · no financials extracted
3y
ADLEX LIMITED
06889508 · est 2009 · no financials extracted
16y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2023-06-02
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

32 Front Street
Framwellgate Moor
Durham
DH1 5EE
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-29
Last: 2026-04-15

Officers (1 active · 0 resigned)

RABANI, Muhammad Adnan
director · ~32y · appointed 2023-06-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

10
Total charges
9
Outstanding
4
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property11/06/2026
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property01/04/2026
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property18/12/2025
outstanding
Aldermore
Aldermore Bank PLC
A registered charge2 properties13/11/2025
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property24/04/2025
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge2 properties24/04/202523/12/2025
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties26/02/2025
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property20/11/2024
outstanding
Allica Bank
Allica Bank Limited
A registered charge01/07/2024
outstanding
Allica Bank
Allica Bank Limited
A registered charge2 properties01/07/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-12
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-18
memorandum-articles
incorporation · MA
2025-10-21
resolution
resolution · RESOLUTIONS
2025-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-25