API TECHNICAL LTD

💤Zombieactive
SC611491 · ltd · incorporated 2018-10-22
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 Apr 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (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 (73/100).

Data confidence

Overall: high (82/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Average employees100-100

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2022-02-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-02-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-02-07
    REID, Alexander appointed
    director
  9. 2022-02-07
    REID, Aidan resigned
    director
  10. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-10-25
    REID, Aidan appointed
    director
  14. 2018-10-25
    REID, Alexander resigned
    director
  15. 2018-10-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-10-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2018-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2018-10-22
    🏢
    Company incorporated
    As API TECHNICAL LTD
  19. 2018-10-22
    REID, Alexander appointed
    director
  20. 2018-10-22
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  21. 2018-10-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 Alexander Reid
Individual · British · DOB 10/1968 · age 58
75100%
75–100%75-100% shares · 75-100% voting22/10/2018
1 historic (ceased) PSC
  • Mr Aidan Reidceased 07/02/2022· 50-75% 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 →

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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
Incorporated2018-10-22
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

23 High Patrick Street
Hamilton
Hamilton
Lanarkshire
ML3 7JB
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (1 active · 2 resigned)

REID, Alexander
director · ~58y · appointed 2022-02-07
View their other companies + combined net worth →
Active
REID, Aidan
director · ~31y · appointed 2018-10-25 · resigned 2022-02-07
Resigned
REID, Alexander
director · ~58y · appointed 2018-10-22 · resigned 2018-10-25
Resigned

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

Recent filings (23 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-02-19
appoint-person-director-company-with-name-date
officers · AP01
2022-02-19
termination-director-company-with-name-termination-date
officers · TM01
2022-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-28