ASSOCIATED PRODUCTION TOOLS LIMITED

💤Zombieactive
SC157747 · ltd · incorporated 1995-04-28
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
£2.84M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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 (76/100)

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
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,837,845
Cash YoY
-11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£931k
↓ 11% YoY
Net Worth
£2.8m
↑ 12% YoY
Current Assets
£2.7m
↑ 5.3% YoY
Current Liabilities
£0£568k£1.1m£1.7m£2.3m£2.8mJun 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
Total assets£2.85M£2.54M
Current assets£2.70M£2.56M
Cash£931.4k£1.05M
Debtors£241.4k£252.9k
Net assets£2.84M£2.53M

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 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-05-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-10-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-05-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-09-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2008-04-23
    SMITH, James Hancock resigned
    secretary
  17. 2008-04-23
    SMITH, James Hancock resigned
    director
  18. 1995-04-28
    🏢
    Company incorporated
    As ASSOCIATED PRODUCTION TOOLS LIMITED
  19. 1995-04-28
    SMITH, James Michael appointed
    director
  20. 1995-04-28
    REID, Brian appointed
    secretary
  21. 1995-04-28
    REID, Brian resigned
    secretary
  22. 1995-04-28
    SMITH, James Hancock appointed
    secretary
  23. 1995-04-28
    MABBOTT, Stephen appointed
    nominee-director
  24. 1995-04-28
    MABBOTT, Stephen resigned
    nominee-director
  25. 1995-04-28
    SMITH, James Hancock appointed
    director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 James Michael Smith
Individual · British · DOB 12/1971 · age 55
75100%
75-100% shares06/04/2016

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

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
Incorporated1995-04-28
Jurisdictionscotland
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Unit 7, Carberry Court
28 Queen Elizabeth Avenue
Hillington Park
Glasgow
G52 4NQ

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (1 active · 4 resigned)

SMITH, James Michael
director · ~55y · appointed 1995-04-28
View their other companies + combined net worth →
Active
REID, Brian
secretary · appointed 1995-04-28 · resigned 1995-04-28
Resigned
SMITH, James Hancock
secretary · appointed 1995-04-28 · resigned 2008-04-23
Resigned
MABBOTT, Stephen
nominee-director · ~76y · appointed 1995-04-28 · resigned 1995-04-28
Resigned
SMITH, James Hancock
director · ~84y · appointed 1995-04-28 · resigned 2008-04-23
Resigned

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

Recent filings (74 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-10