ADHECTIC LIMITED

🌳Matureactive
00642897 · ltd · incorporated 1959-11-25
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
£391.7k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Retail sale of hardware, paints and glass in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

13 live charges · 5 lenders · oldest 63.6y

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 63.6 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

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
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £391,661
Cash YoY
-4%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£401k
↓ 3.9% YoY
Net Worth
£392k
↑ 10% YoY
Current Assets
£618k
↓ 2.2% YoY
Current Liabilities
—
£0£126k£253k£379k£505k£632kMar 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
Total assets£461.7k£455.9k
Current assets£618.0k£631.7k
Cash£401.3k£417.6k
Debtors£131.4k£129.4k
Net assets£391.7k£355.1k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2013-03-08
    🔓
    Charge satisfied #12
  15. 2013-03-08
    🔓
    Charge satisfied #10
  16. 2009-12-07
    ➕
    HAYNES, Alick appointed
    director
  17. 2009-08-06
    🔒
    Charge registered #13
    Lender: Elizabeth Wendy Denton
  18. 2008-03-31
    ➖
    MASON, David Albert William resigned
    secretary
  19. 2008-03-31
    ➖
    MASON, David Albert William resigned
    director
  20. 2004-06-17
    🔒
    Charge registered #12
    Lender: Clydesdale Bank PLC
  21. 2003-01-17
    🔒
    Charge registered #11
    Lender: Barclays Bank PLC
  22. 2002-12-03
    🔓
    Charge satisfied #9
  23. 2002-12-03
    🔓
    Charge satisfied #8
  24. 2002-12-03
    🔓
    Charge satisfied #7
  25. 2002-12-03
    🔓
    Charge satisfied #6
  26. 2002-12-03
    🔓
    Charge satisfied #5
  27. 2002-12-03
    🔓
    Charge satisfied #4
  28. 2002-12-03
    🔓
    Charge satisfied #3
  29. 2002-12-03
    🔓
    Charge satisfied #2
  30. 2002-12-03
    🔓
    Charge satisfied #1
  31. 2001-07-09
    🔒
    Charge registered #10
    Lender: The Governor and Company of the Bank of Scotland
  32. 2001-06-18
    ➕
    MASON, David Albert William appointed
    secretary
  33. 2001-06-18
    ➖
    WOODWARD, Alan Martin resigned
    secretary
  34. 2000-03-29
    🔒
    Charge registered #9
    Lender: Barclays Bank PLC
  35. 1999-07-30
    ➕
    TURNOCK, Keith Anthony appointed
    director
  36. 1999-07-30
    ➖
    DEVETTA, Angela June resigned
    secretary
  37. 1999-07-30
    ➕
    WOODWARD, Alan Martin appointed
    secretary
  38. 1999-07-30
    ➖
    DEVETTA, Angela June resigned
    director
  39. 1999-07-30
    ➖
    DEVETTA, Melvyn resigned
    director
  40. 1999-07-30
    ➕
    MASON, David Albert William appointed
    director
  41. 1979-01-12
    🔒
    Charge registered #8
    Lender: Lloyds Bank PLC
  42. 1971-09-28
    🔒
    Charge registered #7
    Lender: Barclays Bank PLC
  43. 1971-09-28
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  44. 1965-05-14
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  45. 1962-11-16
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  46. 1962-11-16
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  47. 1962-11-16
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  48. 1962-11-16
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  49. 1959-11-25
    🏢
    Company incorporated
    As ADHECTIC LIMITED

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 67 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

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
Mr Keith Anthony Turnock
Individual · British · DOB 03/1961 · age 65
50–75%
—50-75% shares06/04/2016
Mrs Isabel Turnock
Individual · British · DOB 08/1954 · age 72
25–50%
—25-50% 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
Incorporated1959-11-25
Jurisdictionengland-wales
Primary SIC47520 — Retail sale of hardware, paints and glass in specialised stores

Registered office

Phoenix House
Radley Road Industrial Estate
Abingdon
Oxon
OX14 3RY

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (2 active · 6 resigned)

HAYNES, Alick→
director · ~62y · appointed 2009-12-07
View their other companies + combined net worth →
Active
TURNOCK, Keith Anthony→
director · ~65y · appointed 1999-07-30
View their other companies + combined net worth →
Active
DEVETTA, Angela June→
secretary · resigned 1999-07-30
Resigned
MASON, David Albert William→
secretary · appointed 2001-06-18 · resigned 2008-03-31
Resigned
WOODWARD, Alan Martin→
secretary · appointed 1999-07-30 · resigned 2001-06-18
Resigned
DEVETTA, Angela June→
director · ~83y · resigned 1999-07-30
Resigned
DEVETTA, Melvyn→
director · ~85y · resigned 1999-07-30
Resigned
MASON, David Albert William→
director · ~75y · appointed 1999-07-30 · resigned 2008-03-31
Resigned

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

Mortgages & charges

13
Total charges
2
Outstanding
2
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Elizabeth Wendy Denton
Rent deposit deed1 property06/08/2009—
satisfied
Virgin Money
Clydesdale Bank PLC
Debenture1 property17/06/200408/03/2013
outstanding
Barclays
Barclays Bank PLC
Debenture1 property17/01/2003—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property09/07/200108/03/2013
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property29/03/200003/12/2002
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property12/01/197903/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property28/09/197103/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property28/09/197103/12/2002
satisfied
Barclays
Barclays Bank PLC
Instr of charge1 property14/05/196503/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/11/196203/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/11/196203/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/11/196203/12/2002
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/11/196203/12/2002
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (121 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30