ADDY'S(OUTFITTERS)LIMITED

🌳Matureactive
00569882 · ltd · incorporated 1956-08-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 60.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 60.6 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: 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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28
Average employees200200

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-07-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-07-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-06-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2014-07-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-08-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-11-15
    🔓
    Charge satisfied #2
  17. 2005-11-15
    🔓
    Charge satisfied #1
  18. 2003-05-23
    ➕
    ADDY, Jacqueline Elaine appointed
    secretary
  19. 2003-05-23
    ➖
    ADDY, Gladys resigned
    secretary
  20. 1988-10-12
    🔒
    Charge registered #3
    Lender: Mrs Gladys Addy.
  21. 1972-12-13
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  22. 1965-10-14
    🔒
    Charge registered #1
    Lender: Eagle Star Insurance Company LTD.
  23. 1956-08-03
    🏢
    Company incorporated
    As ADDY'S(OUTFITTERS)LIMITED

Owner dependency

96/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "ADDY" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 80 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
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 80 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 70 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Jacqueline Elaine Addy
Individual · British · DOB 10/1948 · age 78
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Miss Raynah Bernice Vaughan Addy
Individual · British · DOB 02/1946 · age 80
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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
Incorporated1956-08-03
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Crown Chambers
Princes Street
Harrogate
North Yorkshire
HG1 1NJ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-08-11
Last: 2025-07-28

Officers (3 active · 1 resigned)

ADDY, Jacqueline Elaine→
secretary · appointed 2003-05-23
View their other companies + combined net worth →
Active
ADDY, Jacqueline Elaine→
director · ~78y
View their other companies + combined net worth →
Active
ADDY, Raynah Bernice Vaughan→
director · ~80y
View their other companies + combined net worth →
Active
ADDY, Gladys→
secretary · resigned 2003-05-23
Resigned

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
TypeProperties
outstanding
Mrs Gladys Addy.
Legal charge1 property12/10/1988—
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property13/12/197215/11/2005
satisfied
Eagle Star Insurance Company .
Eagle Star Insurance Company LTD.
Mortgage2 properties14/10/196515/11/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (94 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2020-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-13