ADELINE PROPERTIES LIMITED
🌳Matureactive
00637279 · ltd · incorporated 1959-09-16
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 Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 69-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 69). 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 (45/100).
🏦
Refinance opportunity
12 live charges · 8 lenders · oldest 63.3y
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 63.3 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (81/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
13 officers (5 active, 13 linked, 10 with DOB)
85
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 500 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 address
Last 90 days
1
filing
- • 1 address
Last 180 days
1
filing
- • 1 address
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2026-06-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-23📄accounts-with-accounts-type-smallaccounts · AA
- 2025-01-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-17➕BUTTERWORTH, Amy appointeddirector
- 2025-01-17➕COLLINS, Michael John appointeddirector
- 2024-12-10📄accounts-with-accounts-type-smallaccounts · AA
- 2023-12-13📄accounts-with-accounts-type-smallaccounts · AA
- 2022-12-13📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2022-12-13📄accounts-with-accounts-type-smallaccounts · AA
- 2022-11-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-05-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-27➖GREENBAUM, Paul Michael resignedsecretary
- 2022-04-27➖GREENBAUM, Paul Michael resigneddirector
- 2022-02-17➕FREEDMAN, David appointeddirector
- 2022-02-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-10📄accounts-with-accounts-type-smallaccounts · AA
- 2021-11-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-01➕GREENBAUM, Neil appointeddirector
- 2021-06-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-01📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-06-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-15📄accounts-with-accounts-type-smallaccounts · AA
- 2020-09-20➖GREENBAUM, Rivka resignedsecretary
- 2020-09-20➖GREENBAUM, Rivka resigneddirector
- 2020-08-24➕GREENBAUM, Alexander appointeddirector
- 2014-05-02➖GREEN, Claire Elaine resigneddirector
- 2013-04-06🔓Charge satisfied #10
- 2013-04-06🔓Charge satisfied #9
- 2012-02-15🔓Charge satisfied #12
- 2012-02-15🔓Charge satisfied #11
- 2012-02-15🔓Charge satisfied #5
- 2004-05-14➖GREENBAUM, Sarah resigneddirector
- 1997-04-02➕GREENBAUM, Rivka appointedsecretary
- 1997-03-13➕GREEN, Claire Elaine appointeddirector
- 1996-12-19➖GREEN, Geoffrey Philip resignedsecretary
- 1996-12-19➕GREENBAUM, Paul Michael appointedsecretary
- 1996-12-19➖GREEN, Geoffrey Philip resigneddirector
- 1994-04-15🔓Charge satisfied #6
- 1994-01-25🔒Charge registered #12Lender: Orix Ireland Limited.
- 1993-10-07🔓Charge satisfied #7
- 1993-03-17🔒Charge registered #11Lender: Close Brothers Limited
- 1993-02-24🔓Charge satisfied #4
- 1993-02-24🔓Charge satisfied #2
- 1993-02-24🔓Charge satisfied #1
- 1993-02-19🔒Charge registered #10Lender: Sun Life Assurance Company of Canada
- 1993-02-19🔒Charge registered #9Lender: Sun Life Assurance Company of Canada
Showing most recent 50 of 60 events
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
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.
🔒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 · Property · WC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACS CHRISTODOULIDES LIMITED→ 15238345 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACUMEN BAY INVESTMENTS LIMITED→ 15418308 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAM & RICK PROPERTY LTD→ 16666215 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAM HANDLING PROPERTIES LIMITED→ 16332360 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADC INVESTMENT PROPERTIES LTD→ 15299439 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDED VALUE CAPITAL LTD→ 11505887 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADDITION (SOUTHWARK) LIMITED→ 06903989 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ADELLA LETTINGS LIMITED→ 14438058 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADEN GROUP HOLDINGS LIMITED→ 13783478 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADENUGA CONSULTS LTD→ 11962028 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADERO HOLDING LIMITED→ 14322232 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADHOC PROPERTIES LIMITED→ 12831561 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated1959-09-16
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
6 Maiden Lane
London
WC2E 7ND
United Kingdom
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07
Officers (5 active · 8 resigned)
BUTTERWORTH, Amy→
Activedirector · ~69y · appointed 2025-01-17
View their other companies + combined net worth →
COLLINS, Michael John→
Activedirector · ~62y · appointed 2025-01-17
View their other companies + combined net worth →
FREEDMAN, David→
Activedirector · ~64y · appointed 2022-02-17
View their other companies + combined net worth →
GREENBAUM, Alexander→
Activedirector · ~51y · appointed 2020-08-24
View their other companies + combined net worth →
GREENBAUM, Neil→
Activedirector · ~51y · appointed 2021-06-01
View their other companies + combined net worth →
GREEN, Geoffrey Philip→
Resignedsecretary · resigned 1996-12-19
GREENBAUM, Paul Michael→
Resignedsecretary · appointed 1996-12-19 · resigned 2022-04-27
GREENBAUM, Rivka→
Resignedsecretary · appointed 1997-04-02 · resigned 2020-09-20
GREEN, Claire Elaine→
Resigneddirector · ~74y · appointed 1997-03-13 · resigned 2014-05-02
GREEN, Geoffrey Philip→
Resigneddirector · ~79y · resigned 1996-12-19
GREENBAUM, Paul Michael→
Resigneddirector · ~85y · resigned 2022-04-27
GREENBAUM, Rivka→
Resigneddirector · ~85y · resigned 2020-09-20
GREENBAUM, Sarah→
Resigneddirector · ~114y · resigned 2004-05-14
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
1
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Orix Ireland . Orix Ireland Limited. | Mortgage debenture | 1 property | 25/01/1994 | 15/02/2012 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 17/03/1993 | 15/02/2012 | |
| satisfied | Sun Life Assurance Company of Canada | Mortgage | 1 property | 19/02/1993 | 06/04/2013 | |
| satisfied | Sun Life Assurance Company of Canada | Legal charge | 1 property | 19/02/1993 | 06/04/2013 | |
| outstanding | Sarah Greenbaum,Paul Michael Greenbaum,Jack Sheldon & Audrey Marks | Legal charge | 1 property | 19/02/1993 | — | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 2 properties | 14/10/1992 | 07/10/1993 | |
| satisfied | Aber Aber Limited | Legal charge | 1 property | 29/07/1992 | 15/04/1994 | |
| satisfied | United Dominions Trust United Dominions Trust Limited | Charge of cash deposit | 1 property | 14/02/1990 | 15/02/2012 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 01/10/1986 | 24/02/1993 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 24/11/1983 | 04/02/1993 | |
| satisfied | Sun Life Assurance Company | Further charge | 1 property | 21/12/1966 | 24/02/1993 | |
| satisfied | Sun Life Assurance Company of Canada | Legal charge | 1 property | 06/03/1963 | 24/02/1993 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (144 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-29
accounts-with-accounts-type-small
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
appoint-person-director-company-with-name-date
officers · AP01
2025-01-23
appoint-person-director-company-with-name-date
officers · AP01
2025-01-23
accounts-with-accounts-type-small
accounts · AA
2024-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-07
accounts-with-accounts-type-small
accounts · AA
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-12-13
accounts-with-accounts-type-small
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-29
termination-secretary-company-with-name-termination-date
officers · TM02
2022-05-09
termination-director-company-with-name-termination-date
officers · TM01
2022-05-09