APPROOV LIMITED

🌳Matureactive

SC224237 · ltd · incorporated 2001-10-15

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 20.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.3y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 20.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

20 officers (4 active, 20 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

Network not yet resolved

Filing history

191 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 address

Counts from Companies House filing history.

Corporate timeline (60 events)Click to expand

2026-04-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-04
➖
MCCREADY, Iain resigned
director
2025-11-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-07
📄
legacy
miscellaneous · RP01SH01
2025-10-07
📄
capital-allotment-shares
capital · SH01
2025-08-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-24
➕
DELUCA, Steven Charles appointed
director
2025-07-24
➖
FRERICHS, William E resigned
director
2025-07-22
📄
memorandum-articles
incorporation · MA
2025-07-22
📄
resolution
resolution · RESOLUTIONS
2025-07-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-07-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-11
➕
MCCREADY, Iain appointed
director
2025-06-26
📄
capital-allotment-shares
capital · SH01
2025-02-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
➖
TAYLOR, Richard Michael resigned
director
2023-08-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2023-03-29
📄
change-person-director-company-with-change-date
officers · CH01
2023-03-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-17
➕
MIRACCO, Theodore A appointed
director
2023-01-17
➕
FRERICHS, William E appointed
director
2023-01-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-31
➖
STEWART, David resigned
director
2017-11-03
➕
DENTONS SECRETARIES LIMITED appointed
corporate-secretary
2017-11-03
➖
MACLAY MURRAY & SPENS LLP resigned
corporate-nominee-secretary
2017-07-17
➖
KRANEN, Kathryn resigned
director
2012-07-27
➕
KRANEN, Kathryn appointed
director
2012-06-28
➖
ANDERSON, Edward resigned
director
2012-03-26
➖
MACNEIL, Roderick Wilson resigned
director
2007-09-21
➖
DAVIDMANN, Simon John resigned
director
2006-08-24
➕
MACLAY MURRAY & SPENS LLP appointed
corporate-nominee-secretary
2006-08-24
➖
MACLAY MURRAY & SPENS LLP resigned
corporate-nominee-secretary
2006-04-27
🔓
Charge satisfied #1
2005-12-21
🔒
Charge registered #1
Lender: Penta Capital Partners Limited
2004-12-31
➕
ANDERSON, Edward appointed
director
2004-12-31
➖
DENYER, Peter Brian, Professor resigned
director
2004-07-23
➖
HOUNSELL, Benjamin Iain resigned
director
2004-01-20
➕
LANZA, Lucio Luigi, Dr appointed
director
2003-08-13
➕
DENYER, Peter Brian, Professor appointed
director
2003-08-12
➕
DAVIDMANN, Simon John appointed
director
2003-07-11
➕
MACLAY MURRAY & SPENS LLP appointed
corporate-nominee-secretary
2003-01-07
➕
STEWART, David appointed
director
2003-01-07
➕
TAYLOR, Richard Michael appointed
director
2003-01-07
➖
WINTON, Keith David Roy, Dr resigned
director

Showing most recent 50 of 60 events

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

+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

80/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: FRERICHS, William E resigned 2025-07-24; MCCREADY, Iain resigned 2026-02-04

Group structure

Lanza Techventures Fund I, Lp holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Lanza Techventures Fund I, Lp

Corporate parent · holds 25-50% shares

significant stake

⬇

APPROOV LIMITED

This company · SC224237

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Lanza Techventures Fund I, Lp Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	23/11/2020

3 historic (ceased) PSCs

Herald Investment Management Limitedceased 23/11/2020· 25-50% shares
Scottish Enterpriseceased 23/11/2020· 25-50% shares · 25-50% voting
Herald Ventures Ii Limited Partnershipceased 07/11/2018· 25-50% shares · 25-50% voting

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

Incorporated2001-10-15

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Atria One

144 Morrison Street

Edinburgh

EH3 8EX

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-10-29

Last: 2025-10-15

Officers (4 active · 16 resigned)

DENTONS SECRETARIES LIMITED→

corporate-secretary · appointed 2017-11-03

View their other companies + combined net worth →

Active

DELUCA, Steven Charles→

director · ~62y · appointed 2025-07-24

View their other companies + combined net worth →

Active

LANZA, Lucio Luigi, Dr→

director · ~82y · appointed 2004-01-20

View their other companies + combined net worth →

Active

MIRACCO, Theodore A→

director · ~61y · appointed 2023-01-17

View their other companies + combined net worth →

Active

ROBSON, Fiona Jane→

secretary · appointed 2001-10-15 · resigned 2002-07-11

Resigned

MACLAY MURRAY & SPENS LLP→

corporate-nominee-secretary · appointed 2006-08-24 · resigned 2017-11-03

Resigned

MACLAY MURRAY & SPENS LLP→

corporate-nominee-secretary · appointed 2003-07-11 · resigned 2006-08-24

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2001-10-15 · resigned 2001-10-15

Resigned

ANDERSON, Edward→

director · ~62y · appointed 2004-12-31 · resigned 2012-06-28

Resigned

DAVIDMANN, Simon John→

director · ~70y · appointed 2003-08-12 · resigned 2007-09-21

Resigned

DENYER, Peter Brian, Professor→

director · ~73y · appointed 2003-08-13 · resigned 2004-12-31

Resigned

FRERICHS, William E→

director · ~80y · appointed 2023-01-17 · resigned 2025-07-24

Resigned

HOUNSELL, Benjamin Iain→

director · ~51y · appointed 2001-11-14 · resigned 2004-07-23

Resigned

KRANEN, Kathryn→

director · ~63y · appointed 2012-07-27 · resigned 2017-07-17

Resigned

MACNEIL, Roderick Wilson→

director · ~72y · appointed 2002-08-01 · resigned 2012-03-26

Resigned

MCCREADY, Iain→

director · ~65y · appointed 2025-07-11 · resigned 2026-02-04

Resigned

STEWART, David→

director · ~66y · appointed 2003-01-07 · resigned 2022-12-31

Resigned

TAYLOR, Richard Michael→

director · ~58y · appointed 2003-01-07 · resigned 2023-11-30

Resigned

WINTON, Keith David Roy, Dr→

director · ~78y · appointed 2001-10-15 · resigned 2003-01-07

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2001-10-15 · resigned 2001-10-15

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Penta Capital Partners Penta Capital Partners Limited	Floating charge	1 property	21/12/2005	27/04/2006

Recent filings (191 total)

termination-director-company-with-name-termination-date

officers · TM01

2026-04-09

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-11-11

confirmation-statement-with-updates

confirmation-statement · CS01

2025-10-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-10-24

legacy

miscellaneous · RP01SH01

2025-10-07

capital-allotment-shares

capital · SH01

2025-10-07

appoint-person-director-company-with-name-date

officers · AP01

2025-08-13

termination-director-company-with-name-termination-date

officers · TM01

2025-08-13

memorandum-articles

incorporation · MA

2025-07-22

resolution

resolution · RESOLUTIONS

2025-07-22

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2025-07-18

appoint-person-director-company-with-name-date

officers · AP01

2025-07-18

capital-allotment-shares

capital · SH01

2025-06-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-02-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-11-01