APPLUS UK LTD
🌳Matureactive
SC236136 · ltd · incorporated 2002-08-30
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Technical testing and analysis
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
10 live charges · 8 lenders · oldest 23.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 23.4 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (57/100)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
No iXBRL financials extracted
0
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
31 officers (3 active, 31 linked, 22 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
172 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (99 events)Click to expand
- 2025-11-14📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-17➕MAYOR BALVIS, Julian appointeddirector
- 2024-05-17➖VAN DER PUT, Dirk Marinus Dominicus resigneddirector
- 2024-01-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-24📄accounts-with-accounts-type-fullaccounts · AA
- 2022-05-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-16➕GHAZALEH, Darren Basil Abu appointeddirector
- 2022-03-31➕HILL, John David appointedsecretary
- 2022-03-31➖LAFFERTY, Terence Colvin resignedsecretary
- 2022-03-31📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-03-31📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-11-30📄gazette-notice-compulsorygazette · GAZ1
- 2021-11-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-23➖HENDERSON, Nicolas John resigneddirector
- 2021-09-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-06➕VAN DER PUT, Dirk Marinus Dominicus appointeddirector
- 2021-05-25📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-08📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-08-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-05-31📄resolutionresolution · RESOLUTIONS
- 2018-12-31➖VOULON, Sijtze resigneddirector
- 2018-07-27➖HANNAH, Neil Roberts resigneddirector
- 2018-07-27➕HENDERSON, Nicolas John appointeddirector
- 2015-12-22➕LAFFERTY, Terence Colvin appointedsecretary
- 2015-12-22➖WENTING, Paul resignedsecretary
- 2015-12-22➖LIGHT, Iain Michael resigneddirector
- 2015-12-22➕VOULON, Sijtze appointeddirector
- 2014-05-15🔓Charge satisfied #10
- 2011-10-01➖EIDE, Bengt resigneddirector
- 2011-10-01➕HANNAH, Neil Roberts appointeddirector
- 2011-09-01➖BLINDE, Marcel Ronald resigneddirector
- 2011-09-01➕LIGHT, Iain Michael appointeddirector
- 2011-02-03➖VAN DOORN, Robert Hendrick resigneddirector
- 2010-11-09➖ANDREWS, David resigneddirector
- 2010-07-26➕EIDE, Bengt appointeddirector
- 2009-07-07➖MCNULTY, Gary Edward resigneddirector
- 2009-06-24➕ANDREWS, David appointeddirector
- 2009-04-22➖ROSS, Francis Wright resigneddirector
- 2008-04-21🔒Charge registered #10Lender: Societe Generale, London Branch
- 2008-02-06➕WENTING, Paul appointedsecretary
- 2008-02-02🔓Charge satisfied #8
- 2008-02-02🔓Charge satisfied #7
- 2008-01-31🔓Charge satisfied #9
- 2008-01-31🔓Charge satisfied #6
Showing most recent 50 of 99 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Rontgen Technische Dienst Holding Bv is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Rontgen Technische Dienst Holding Bv
Corporate parent · holds 75-100% shares · board control
⬇
APPLUS UK LTD
This company · SC236136
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Rontgen Technische Dienst Holding Bv Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/05/2019 |
1 historic (ceased) PSC
- Applus Rtd Uk Holding Limitedceased 31/05/2019· 75-100% shares
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 · Professional services · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ABRIDGE CONSULTING SOLUTIONS LTD→ SC798971 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCOUNTING BUSINESS SERVICES (SCOTLAND) LIMITED→ SC340377 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| ADD CONTRACTS (CIVILS) LTD→ SC774775 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVANCED ACCOUNTING (SCOTLAND) LIMITED→ SC715771 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALIF PARTNERS LIMITED→ SC800029 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALISTER MAC LTD→ SC663588 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALLIED ENGINEERING SERVICES LTD→ SC779429 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALLY CROLL ARCHITECT LTD→ SC572253 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AN RF DESIGN LIMITED→ SC619616 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ARCHE PRACTICE LTD→ SC883035 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ARDLEIGHTON CONSULTING LTD→ SC606068 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ARDLOCH LTD→ SC601136 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2002-08-30
Jurisdictionscotland
Primary SIC71200 — Technical testing and analysis
Registered office
Block 2 Units C And D
West Mains Industrial Estate
Grangemouth
Stirlingshire
FK3 8YE
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-26
Last: 2025-05-12
Officers (3 active · 28 resigned)
Active
GHAZALEH, Darren Basil Abu→
Activedirector · ~53y · appointed 2022-05-16
View their other companies + combined net worth →
MAYOR BALVIS, Julian→
Activedirector · ~57y · appointed 2024-05-17
View their other companies + combined net worth →
HAMILTON, Robert Herd→
Resignedsecretary · appointed 2004-07-01 · resigned 2008-01-25
HILLIER, Stewart→
Resignedsecretary · appointed 2002-10-29 · resigned 2003-11-18
LAFFERTY, Terence Colvin→
Resignedsecretary · appointed 2015-12-22 · resigned 2022-03-31
POLLAND, Owen→
Resignedsecretary · appointed 2003-11-18 · resigned 2004-07-01
WENTING, Paul→
Resignedsecretary · appointed 2008-02-06 · resigned 2015-12-22
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-nominee-secretary · appointed 2002-08-30 · resigned 2002-10-29
ANDREWS, David→
Resigneddirector · ~78y · appointed 2009-06-24 · resigned 2010-11-09
BETHEL, Archibald Anderson→
Resigneddirector · ~73y · appointed 2002-10-29 · resigned 2003-08-31
BLINDE, Marcel Ronald→
Resigneddirector · ~57y · appointed 2008-01-25 · resigned 2011-09-01
EIDE, Bengt→
Resigneddirector · ~64y · appointed 2010-07-26 · resigned 2011-10-01
GRAY, Christopher John→
Resigneddirector · ~73y · appointed 2002-10-29 · resigned 2006-01-27
HANNAH, Neil Roberts→
Resigneddirector · ~71y · appointed 2011-10-01 · resigned 2018-07-27
HAYES, Michael Hugh→
Resigneddirector · ~75y · appointed 2003-11-18 · resigned 2008-01-25
HENDERSON, Nicolas John→
Resigneddirector · ~57y · appointed 2018-07-27 · resigned 2021-11-23
LIGHT, Iain Michael→
Resigneddirector · ~72y · appointed 2011-09-01 · resigned 2015-12-22
MACDONALD, Alexander Alister→
Resigneddirector · ~68y · appointed 2002-10-29 · resigned 2003-09-24
MCNULTY, Gary Edward→
Resigneddirector · ~54y · appointed 2007-05-01 · resigned 2009-07-07
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Societe Generale, London Branch | Floating charge | 1 property | 21/04/2008 | 15/05/2014 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 08/09/2006 | 31/01/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 08/09/2006 | 02/02/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 08/09/2006 | 02/02/2008 | |
| satisfied | North Atlantic Value as Security Trustee North Atlantic Value LLP as Security Trustee | Floating charge | 1 property | 08/09/2006 | 31/01/2008 | |
| satisfied | North Atlantic Value North Atlantic Value LLP | Floating charge | 1 property | 08/09/2006 | 31/01/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 3 properties | 28/09/2003 | 27/09/2006 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Security Trustee | Floating charge | 1 property | 28/09/2003 | 27/09/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Security Trustee | Fixed charge | 1 property | 11/12/2002 | 13/10/2003 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Security Trustee | Bond & floating charge | 1 property | 11/12/2002 | 13/10/2003 |
Recent filings (172 total)
accounts-with-accounts-type-full
accounts · AA
2025-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-full
accounts · AA
2024-10-23
appoint-person-director-company-with-name-date
officers · AP01
2024-05-31
termination-director-company-with-name-termination-date
officers · TM01
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
accounts-with-accounts-type-full
accounts · AA
2024-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-full
accounts · AA
2023-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
appoint-person-director-company-with-name-date
officers · AP01
2022-05-18
appoint-person-secretary-company-with-name-date
officers · AP03
2022-03-31
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-31
accounts-with-accounts-type-full
accounts · AA
2021-12-22
gazette-filings-brought-up-to-date
gazette · DISS40
2021-12-02