ADCON HOLDINGS LIMITED
💤Zombieactive
00703906 · ltd · incorporated 1961-09-22
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 60-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 60). 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 (73/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 35.7y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 35.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
113 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
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 · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 1 | 100 |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-02-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-10-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-06-02➖CORBETT, George Lawrence resignedsecretary
- 2019-06-02➖CORBETT, George Lawrence resigneddirector
- 2019-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-03-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 1999-07-31➕CORBETT, George Lawrence appointedsecretary
- 1999-07-31➖REECE, Trevor John resignedsecretary
- 1999-07-31➖REECE, Trevor John resigneddirector
- 1995-11-15🔒Charge registered #6Lender: Lloyds Bank PLC
- 1994-11-01➕CORBETT, Mark George appointeddirector
- 1994-11-01➕REECE, Trevor John appointeddirector
- 1993-04-26🔒Charge registered #5Lender: Lloyds Bank PLC
- 1993-03-31🔒Charge registered #4Lender: Ucb Bank PLC
- 1993-03-31🔒Charge registered #3Lender: Ucb Bank PLC
- 1993-01-18➖HUGGETT, Vera Clarissa resigneddirector
- 1990-09-28🔒Charge registered #2Lender: Ucb Bank PLC.
- 1990-09-28🔒Charge registered #1Lender: Ucb Bank PLC
- 1961-09-22🏢Company incorporatedAs ADCON HOLDINGS LIMITED
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 65 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 low6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark George Corbett Individual · British · DOB 10/1966 · age 60 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr George Lawrence Corbettceased 02/06/2019· 50-75% shares · 50-75% voting · board control
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 →Similar companies
Active · Professional services · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AD SUCCESS LIMITED→ 14858004 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADBD MANAGEMENT LIMITED→ 11352389 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADDAGE LIMITED→ 06707273 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ADDISON CONSULTING LIMITED→ 09935117 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ADDO SOLUTIONS LIMITED→ 16761438 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADEPTIO CORP LTD→ 16518638 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADESEAL LIMITED→ 08431078 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ADI FOOD AND BEVERAGE SERVICES LIMITED→ 07464110 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADI LIFE SCIENCES LIMITED→ 13280928 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADI NET ZERO LIMITED→ 17063300 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADM BOOKKEEPING LTD→ 14057004 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADM PROJECT MANAGEMENT LTD→ 15027513 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1961-09-22
Jurisdictionengland-wales
Primary SIC70100 — Activities of head offices
Registered office
J W Hinks
19 Highfield Road, Edgbaston
Birmingham
B15 3BH
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03
Officers (1 active · 5 resigned)
CORBETT, Mark George→
Activedirector · ~60y · appointed 1994-11-01
View their other companies + combined net worth →
CORBETT, George Lawrence→
Resignedsecretary · appointed 1999-07-31 · resigned 2019-06-02
REECE, Trevor John→
Resignedsecretary · resigned 1999-07-31
CORBETT, George Lawrence→
Resigneddirector · ~87y · resigned 2019-06-02
HUGGETT, Vera Clarissa→
Resigneddirector · ~106y · resigned 1993-01-18
REECE, Trevor John→
Resigneddirector · ~82y · appointed 1994-11-01 · resigned 1999-07-31
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
6
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 15/11/1995 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Deed of floating charge | 1 property | 26/04/1993 | — | |
| outstanding | Ucb Bank Ucb Bank PLC | Legal charge | 1 property | 31/03/1993 | — | |
| outstanding | Ucb Bank Ucb Bank PLC | Residual floating charge | 1 property | 31/03/1993 | — | |
| outstanding | Ucb Bank . Ucb Bank PLC. | Legal charge | 1 property | 28/09/1990 | — | |
| outstanding | Ucb Bank Ucb Bank PLC | Legal charge | 1 property | 28/09/1990 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (113 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-25