A.D.PROPERTIES LIMITED

🌳Matureactive
00576787 · ltd · incorporated 1957-01-09
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 Apr 2025
Net worth
£3.60M
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 57/100. Strong seller-intent signal (73/100, director aged 82). Asset purchase likely safer than share purchase given structural signals. 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

7 live charges · 3 lenders · oldest 67.7y

35/100
too messy

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

  • · Oldest live charge is 67.7 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 (79/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,596,430

Key financials

2 years extracted from filed iXBRL accounts
Cash
£28k
Net Worth
£3.6m
Current Assets
£272k
Current Liabilities
—
£0£719k£1.4m£2.2m£2.9m£3.6mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-052024-04-05
Total assets£4.14M—
Current assets£271.7k—
Cash£28.0k—
Debtors£210.2k—
Net assets£3.60M—
Average employees—200

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
4
filings
  • • 2 officers
  • • 1 address
  • • 1 persons-with-significant-control
Last 180 days
5
filings
  • • 2 officers
  • • 1 address
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-04-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-04-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2026-04-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-04
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2022-04-02
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2022-04-02
    📄
    memorandum-articles
    incorporation · MA
  12. 2022-04-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-09-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2021-09-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2021-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-05-18
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2021-05-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-11-18
    🔓
    Charge satisfied #4
  22. 2019-11-18
    🔓
    Charge satisfied #3
  23. 2019-11-18
    🔓
    Charge satisfied #2
  24. 2019-11-18
    🔓
    Charge satisfied #1
  25. 2016-04-01
    ➕
    HABEL, Sheila Trenchard appointed
    director
  26. 2006-08-12
    🔓
    Charge satisfied #7
  27. 2006-08-12
    🔓
    Charge satisfied #6
  28. 2003-04-22
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  29. 1998-07-28
    ➖
    HABEL, Jack Joseph resigned
    director
  30. 1997-12-01
    ➕
    HABEL, Sheila Trenchard appointed
    secretary
  31. 1997-12-01
    ➖
    HABEL, Jack Joseph resigned
    secretary
  32. 1994-04-14
    🔒
    Charge registered #6
    Lender: Midland Bank PLC
  33. 1992-02-05
    🔒
    Charge registered #5
    Lender: Alexander Harold Habel
  34. 1975-10-10
    🔒
    Charge registered #4
    Lender: Midland Bank PLC
  35. 1962-05-07
    🔒
    Charge registered #3
    Lender: Midland Bank PLC
  36. 1959-04-27
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  37. 1958-10-14
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  38. 1957-01-09
    🏢
    Company incorporated
    As A.D.PROPERTIES LIMITED

Owner dependency

81/100
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 age: Director aged approximately 82 — 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 82 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 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-07

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dr Alexander Harold Habel
Individual · British · DOB 05/1944 · age 82
25–50%
25–50%board control25-50% shares · 25-50% voting · board control24/06/2016

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

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

Statusactive
Typeltd
Incorporated1957-01-09
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Crown Walk
1 Jewry Street
Winchester
Hampshire
SO23 8BB
United Kingdom

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-07-07OVERDUE
Last: 2025-06-23

Officers (3 active · 2 resigned)

HABEL, Sheila Trenchard→
secretary · appointed 1997-12-01
View their other companies + combined net worth →
Active
HABEL, Alexander Harold, Dr→
director · ~82y
View their other companies + combined net worth →
Active
HABEL, Sheila Trenchard→
director · ~79y · appointed 2016-04-01
View their other companies + combined net worth →
Active
HABEL, Jack Joseph→
secretary · resigned 1997-12-01
Resigned
HABEL, Jack Joseph→
director · ~110y · resigned 1998-07-28
Resigned

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

Mortgages & charges

7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property22/04/200312/08/2006
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property14/04/199412/08/2006
outstanding
Alexander Harold Habel
Legal charge1 property05/02/1992—
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property10/10/197518/11/2019
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property07/05/196218/11/2019
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property27/04/195918/11/2019
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property14/10/195818/11/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (119 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-21
change-person-secretary-company-with-change-date
officers · CH03
2026-04-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-15
resolution
resolution · RESOLUTIONS
2022-04-04
capital-name-of-class-of-shares
capital · SH08
2022-04-02
memorandum-articles
incorporation · MA
2022-04-02