APIP LIMITED
⚰️Wound downdissolved
SC200802 · ltd · incorporated 1999-10-19
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: SIC 6523
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (88/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 26.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (49 events)Click to expand
- 2011-01-14📄gazette-dissolved-compulsorygazette · GAZ2
- 2011-01-14🏁Company dissolved
- 2010-09-24📄gazette-notice-compulsorygazette · GAZ1
- 2010-01-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-01-28📄change-person-director-company-with-change-dateofficers · CH01
- 2010-01-28📄change-person-director-company-with-change-dateofficers · CH01
- 2010-01-28📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2009-07-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-02-03📄legacyannual-return · 363a
- 2009-01-30📄legacyaccounts · 225
- 2008-07-31✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2008-07-14📄resolutionresolution · RESOLUTIONS
- 2008-07-14📄resolutionresolution · RESOLUTIONS
- 2008-07-14📄legacyofficers · 288b
- 2008-07-14📄legacyofficers · 288a
- 2008-07-10➕CCW SECRETARIES LIMITED appointedcorporate-secretary
- 2008-07-10➖HENDRY, Robin Frank resignedsecretary
- 2008-07-09📍legacyaddress · 287
- 2007-11-21📄legacymortgage · 419a(Scot)
- 2007-11-21🔓Charge satisfied #2
- 2007-11-15📄legacymortgage · 419a(Scot)
- 2007-11-15🔓Charge satisfied #1
- 2007-11-09📄legacyannual-return · 363s
- 2007-10-26📄legacymortgage · 410(Scot)
- 2007-10-19🔒Charge registered #3Lender: Bank of Scotland PLC
- 2007-10-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-11-08📄legacyannual-return · 363s
- 2006-09-07📄accounts-with-accounts-type-smallaccounts · AA
- 2006-03-31📄legacymortgage · 410(Scot)
- 2006-03-28🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-01-26📄accounts-with-accounts-type-smallaccounts · AA
- 2005-12-29📄legacyannual-return · 363s
- 2005-02-22➖THOMSON, Alan Brian resigneddirector
- 2003-08-01➖KING, Thomas Robertson resigneddirector
- 2002-10-19➕HENDRY, Robin Frank appointedsecretary
- 2002-08-31➖D.W. COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2001-03-19➖ANDERSON, Peter Macdonald resigneddirector
- 2000-12-01➕KING, Thomas Robertson appointeddirector
- 1999-12-01🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1999-11-08➖CRAWFORD, Douglas James resignednominee-director
- 1999-11-08➖POLSON, Michael Buchanan resigneddirector
- 1999-11-05➕HENDRY, Robin Frank appointeddirector
- 1999-11-05➕YOUNG, Douglas Alexander appointeddirector
- 1999-11-05➕ANDERSON, Peter Macdonald appointeddirector
- 1999-11-05➕THOMSON, Alan Brian appointeddirector
- 1999-10-19🏢Company incorporatedAs APIP LIMITED
- 1999-10-19➕D.W. COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 1999-10-19➕CRAWFORD, Douglas James appointednominee-director
- 1999-10-19➕POLSON, Michael Buchanan appointeddirector
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 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
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-01-14
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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|---|---|---|---|---|---|---|---|
| BLACKROCK SMALLER COMPANIES TRUST PLC→ SC006176 · est 1906 · no financials extracted | — | — | — | — | 119y | — | — |
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| BRAVO (DRINKS) LIMITED→ SC669698 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BREICH BUILDING COMPANY LIMITED→ SC442841 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| BRIDGEPOINT EUROPE (SGP) LTD→ SC332267 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| BRIDGEPOINT EUROPE III FP (GP) LIMITED→ SC279897 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| BRIDGEPOINT EUROPE IV FP (GP) LIMITED→ SC330160 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| BRIDGEPOINT PRIVATE EQUITY (SPAIN) FP GP LIMITED→ SC867986 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BURGHILL RESOURCES LIMITED→ SC437363 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| BURNETT FINANCIAL SERVICES LIMITED→ SC392373 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| BUSINESS ANGELS LTD→ SC781782 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CAB CONSULTANCY LTD→ SC533458 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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
Statusdissolved
Typeltd
Incorporated1999-10-19
Jurisdictionscotland
Primary SIC6523 — SIC 6523
Registered office
40 Charlotte Square
Edinburgh
EH2 4HQ
Filing status
Accounts
Next due: —
Last made up to: 2008-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
CCW SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2008-07-10
View their other companies + combined net worth →
HENDRY, Robin Frank→
Activedirector · ~73y · appointed 1999-11-05
View their other companies + combined net worth →
YOUNG, Douglas Alexander→
Activedirector · ~69y · appointed 1999-11-05
View their other companies + combined net worth →
HENDRY, Robin Frank→
Resignedsecretary · appointed 2002-10-19 · resigned 2008-07-10
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-10-19 · resigned 2002-08-31
ANDERSON, Peter Macdonald→
Resigneddirector · ~90y · appointed 1999-11-05 · resigned 2001-03-19
CRAWFORD, Douglas James→
Resignednominee-director · ~61y · appointed 1999-10-19 · resigned 1999-11-08
KING, Thomas Robertson→
Resigneddirector · ~85y · appointed 2000-12-01 · resigned 2003-08-01
POLSON, Michael Buchanan→
Resigneddirector · ~62y · appointed 1999-10-19 · resigned 1999-11-08
THOMSON, Alan Brian→
Resigneddirector · ~65y · appointed 1999-11-05 · resigned 2005-02-22
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 19/10/2007 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/03/2006 | 21/11/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 01/12/1999 | 15/11/2007 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
gazette-dissolved-compulsory
gazette · GAZ2
2011-01-14
gazette-notice-compulsory
gazette · GAZ1
2010-09-24
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-28
change-person-director-company-with-change-date
officers · CH01
2010-01-28
change-person-director-company-with-change-date
officers · CH01
2010-01-28
change-corporate-secretary-company-with-change-date
officers · CH04
2010-01-28
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-07-21
legacy
annual-return · 363a
2009-02-03
legacy
accounts · 225
2009-01-30
certificate-change-of-name-company
change-of-name · CERTNM
2008-07-31
resolution
resolution · RESOLUTIONS
2008-07-14
resolution
resolution · RESOLUTIONS
2008-07-14
legacy
officers · 288b
2008-07-14
legacy
officers · 288a
2008-07-14
legacy
address · 287
2008-07-09