ADGLOW LIMITED

🌳Matureactive
00579219 · ltd · incorporated 1957-02-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Agents involved in the sale of a variety of goods
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 42/100. Strong seller-intent signal (70/100, director aged 62). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100).

🏦

Refinance opportunity

13 live charges · 6 lenders · oldest 45.6y

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 45.6 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 70/100 (specialist).

Data confidence

Overall: high (80/100)

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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
181 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review 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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees35003200

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
  1. 2025-10-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2021-10-27
    🔓
    Charge satisfied #13
  12. 2020-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-10-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2016-10-05
    🔓
    Charge satisfied #6
  18. 2016-08-12
    🔒
    Charge registered #13
    Lender: Lloyds Bank PLC
  19. 2016-07-28
    🔒
    Charge registered #12
    Lender: Lloyds Bank PLC
  20. 2015-10-12
    ➖
    HOWELL, James Emlyn resigned
    director
  21. 2015-09-14
    ➖
    HOWELL, James Emlyn resigned
    secretary
  22. 2013-07-01
    🔓
    Charge satisfied #8
  23. 2012-01-20
    🔓
    Charge satisfied #10
  24. 2012-01-20
    🔓
    Charge satisfied #9
  25. 2012-01-05
    ➕
    HOWELL, James Emlyn appointed
    secretary
  26. 2012-01-05
    ➕
    HOWELL, James Emlyn appointed
    director
  27. 2011-11-24
    🔓
    Charge satisfied #7
  28. 2011-11-24
    🔓
    Charge satisfied #5
  29. 2011-03-21
    🔒
    Charge registered #11
    Lender: Lloyds Tsb Commercial Finance Limited
  30. 2011-02-18
    ➖
    RICE, Mark William resigned
    secretary
  31. 2011-02-18
    ➖
    RICE, Mark William resigned
    director
  32. 2008-12-12
    ➖
    AINGE, Barbara Elizabeth resigned
    director
  33. 2008-12-12
    ➖
    AINGE, Robin Windsor resigned
    director
  34. 2008-08-07
    🔒
    Charge registered #10
    Lender: Sg Hambros Trust Company Limited (As Trustee of Falcon Property Trust)
  35. 2008-07-04
    🔒
    Charge registered #9
    Lender: Sg Hambros Trust Company Limited (As Trustee of Falcon Property Trust)
  36. 2006-10-13
    ➖
    AINGE, Barbara Elizabeth resigned
    secretary
  37. 2006-10-13
    ➕
    RICE, Mark William appointed
    secretary
  38. 2006-05-01
    ➕
    RICE, Mark William appointed
    director
  39. 2004-08-24
    ➕
    AINGE, Barbara Elizabeth appointed
    director
  40. 2004-08-12
    🔓
    Charge satisfied #4
  41. 2004-08-12
    🔓
    Charge satisfied #3
  42. 2004-08-12
    🔓
    Charge satisfied #2
  43. 2004-08-12
    🔓
    Charge satisfied #1
  44. 2000-08-15
    🔒
    Charge registered #8
    Lender: Lloyds Tsb Commercial Finance Limited (The Security Holder)
  45. 1998-10-22
    ➖
    SANDS, Richard resigned
    director
  46. 1998-02-12
    🔒
    Charge registered #7
    Lender: Midland Bank PLC
  47. 1997-07-31
    🔒
    Charge registered #6
    Lender: Midland Bank PLC
  48. 1997-07-31
    🔒
    Charge registered #5
    Lender: Midland Bank PLC
  49. 1997-06-30
    ➖
    HARRISON, Christopher John resigned
    director
  50. 1994-11-15
    🔒
    Charge registered #4
    Lender: Alex. Lawrie Receivables Financing Limited
Showing most recent 50 of 57 events

Owner dependency

84/100
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.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +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
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 69 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

2 med ·
Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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.

Group structure

Rdg Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rdg Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ADGLOW LIMITED
This company · 00579219

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%
NameSharesVoting rightsNature of controlNotified
Rdg Holdings Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1957-02-28
Jurisdictionengland-wales
Primary SIC46190 — Agents involved in the sale of a variety of goods

Registered office

9 Delta Drive
Tewkesbury
Gloucestershire
GL20 8HB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-01
Last: 2026-03-18

Officers (2 active · 9 resigned)

AINGE, Darren Alec→
director · ~61y · appointed 1994-01-01
View their other companies + combined net worth →
Active
AINGE, Gary Windsor→
director · ~62y · appointed 1994-01-01
View their other companies + combined net worth →
Active
AINGE, Barbara Elizabeth→
secretary · resigned 2006-10-13
Resigned
HOWELL, James Emlyn→
secretary · appointed 2012-01-05 · resigned 2015-09-14
Resigned
RICE, Mark William→
secretary · appointed 2006-10-13 · resigned 2011-02-18
Resigned
AINGE, Barbara Elizabeth→
director · ~78y · appointed 2004-08-24 · resigned 2008-12-12
Resigned
AINGE, Robin Windsor→
director · ~90y · resigned 2008-12-12
Resigned
HARRISON, Christopher John→
director · ~85y · resigned 1997-06-30
Resigned
HOWELL, James Emlyn→
director · ~72y · appointed 2012-01-05 · resigned 2015-10-12
Resigned
RICE, Mark William→
director · ~51y · appointed 2006-05-01 · resigned 2011-02-18
Resigned
SANDS, Richard→
director · ~62y · appointed 1994-01-01 · resigned 1998-10-22
Resigned

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

Mortgages & charges

13
Total charges
2
Outstanding
1
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property12/08/201627/10/2021
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property28/07/2016—
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Debenture1 property21/03/2011—
satisfied
Sg Hambros Trust Company (As Trustee of Falcon Property Trust)
Sg Hambros Trust Company Limited (As Trustee of Falcon Property Trust)
Rent deposit deed1 property07/08/200820/01/2012
satisfied
Sg Hambros Trust Company (As Trustee of Falcon Property Trust)
Sg Hambros Trust Company Limited (As Trustee of Falcon Property Trust)
Rent deposit deed1 property04/07/200820/01/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited (The Security Holder)
All assests debenture1 property15/08/200001/07/2013
satisfied
Midland Bank
Midland Bank PLC
Legal mortgage1 property12/02/199824/11/2011
satisfied
Midland Bank
Midland Bank PLC
Debenture1 property31/07/199705/10/2016
satisfied
Midland Bank
Midland Bank PLC
Legal mortgage1 property31/07/199724/11/2011
satisfied
Alex. Lawrie Receivables Financing
Alex. Lawrie Receivables Financing Limited
First fixed charge1 property15/11/199412/08/2004
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property12/05/199312/08/2004
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property18/07/198912/08/2004
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Debenture1 property29/10/198012/08/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (181 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
change-person-director-company-with-change-date
officers · CH01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
change-person-director-company-with-change-date
officers · CH01
2022-09-08
change-person-director-company-with-change-date
officers · CH01
2022-07-20
change-person-director-company-with-change-date
officers · CH01
2022-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-27