ADHESIVE SPECIALITIES LIMITED
💤Zombieactive
00957040 · ltd · incorporated 1969-06-26
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 Mar 2025
Net worth
£3.13M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).
🏦
Refinance opportunity
15 live charges · 7 lenders · oldest 49.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 49.2 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £3,131,490
Key financials
2 years extracted from filed iXBRL accountsCash
£152k
Net Worth
£3.1m
Current Assets
£4.9m
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 |
|---|---|---|
| Total assets | £3.18M | — |
| Current assets | £4.87M | — |
| Cash | £152.1k | — |
| Debtors | £3.98M | — |
| Net assets | £3.13M | — |
| Average employees | — | 2700 |
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 officers
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
- 2025-12-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-19➖BENTON, Simon Matthew resigneddirector
- 2025-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-02🔓Charge satisfied #11
- 2024-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-16➕BACCHUS, Stuart James appointeddirector
- 2024-05-16➕BENTON, Simon Matthew appointeddirector
- 2024-05-16➖GIBSON, Carole Elizabeth resigneddirector
- 2024-05-16➖GIBSON, Steven William resigneddirector
- 2024-05-16➖NICHOLSON, Andrew Martyn resigneddirector
- 2024-05-16➖NICHOLSON, Lynne Kathleen resigneddirector
- 2024-05-16🔒Charge registered #15Lender: Spencer Morbey
- 2024-05-16🔒Charge registered #14Lender: Stuart Bacchus
- 2024-05-16🔒Charge registered #13Lender: Ultimate Finance Limited
- 2024-01-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-03🔓Charge satisfied #12
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-07-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-24📄accounts-with-accounts-type-smallaccounts · AA
- 2015-08-03➕GIBSON, Carole Elizabeth appointeddirector
- 2015-08-03➕NICHOLSON, Lynne Kathleen appointeddirector
- 2015-01-24➖PARNSONS, Peter Leonard resignedsecretary
- 2015-01-24➖PARSONS, Peter Leonard resigneddirector
- 2009-12-18🔓Charge satisfied #10
- 2009-12-11➖GODDARD, Valerie resignedsecretary
- 2009-12-11➕PARNSONS, Peter Leonard appointedsecretary
- 2009-12-11➖GIBSON, Barry John resigneddirector
- 2009-12-11➖GODDARD, Roy Stanley resigneddirector
- 2009-12-11➖GODDARD, Valerie resigneddirector
- 2009-12-11➕PARSONS, Peter Leonard appointeddirector
- 2009-12-11🔒Charge registered #12Lender: Leumi Abl Limited
- 2009-12-11🔒Charge registered #11Lender: Leumi Abl Limited
- 2004-12-11🔓Charge satisfied #2
- 2003-03-03➕NICHOLSON, Andrew Martyn appointeddirector
- 2001-04-24🔓Charge satisfied #9
- 2001-04-24🔓Charge satisfied #5
- 2000-03-17🔒Charge registered #10Lender: Barclays Bank PLC
- 1995-10-27🔓Charge satisfied #7
Showing most recent 50 of 65 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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.
Group structure
As (Tapes) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
As (Tapes) Ltd
Corporate parent · holds 75-100% shares
⬇
ADHESIVE SPECIALITIES LIMITED
This company · 00957040
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
As (Tapes) Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 →Similar companies
Active · Manufacturing · RG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AEROTECH, LIMITED→ 01548414 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| AETHER DEVICES UK LTD→ 16883230 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AETHERIUM AIR GLOBAL LTD.→ 14687416 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AFFINITY CREATIONS LTD→ 15733525 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AFRICAN BESPOKE CARPENTRY LIMITED→ 15494253 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AFS AVIATION LIMITED→ 08070176 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AFTON CHEMICAL LIMITED→ 01213092 · est 1975 · no financials extracted | — | — | — | — | 50y | — | — |
| AGL FENCE CONTRACTORS LTD→ 12694655 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AIR BIKE FORKS LIMITED→ 12564502 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AIR CONCEPT REFRIGERATION LIMITED→ 09145628 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AIRBORNE COMPOSITES LTD→ 03141381 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| AIRLINE COMPONENTS INTERNATIONAL LIMITED→ 02200536 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
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
Incorporated1969-06-26
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Tickitape House
31 Bone Lane
Newbury
Berkshire
RG14 5SH
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-10
Last: 2025-07-27
Officers (1 active · 11 resigned)
BACCHUS, Stuart James→
Activedirector · ~52y · appointed 2024-05-16
View their other companies + combined net worth →
GODDARD, Valerie→
Resignedsecretary · resigned 2009-12-11
PARNSONS, Peter Leonard→
Resignedsecretary · appointed 2009-12-11 · resigned 2015-01-24
BENTON, Simon Matthew→
Resigneddirector · ~51y · appointed 2024-05-16 · resigned 2025-12-19
GIBSON, Barry John→
Resigneddirector · ~79y · resigned 2009-12-11
GIBSON, Carole Elizabeth→
Resigneddirector · ~69y · appointed 2015-08-03 · resigned 2024-05-16
GIBSON, Steven William→
Resigneddirector · ~71y · appointed 1995-05-08 · resigned 2024-05-16
GODDARD, Roy Stanley→
Resigneddirector · ~84y · resigned 2009-12-11
GODDARD, Valerie→
Resigneddirector · ~83y · resigned 2009-12-11
NICHOLSON, Andrew Martyn→
Resigneddirector · ~70y · appointed 2003-03-03 · resigned 2024-05-16
NICHOLSON, Lynne Kathleen→
Resigneddirector · ~67y · appointed 2015-08-03 · resigned 2024-05-16
PARSONS, Peter Leonard→
Resigneddirector · ~80y · appointed 2009-12-11 · resigned 2015-01-24
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
4
Outstanding
4
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Spencer Morbey | A registered charge | 6 properties | 16/05/2024 | — | |
| outstanding | Stuart Bacchus | A registered charge | 7 properties | 16/05/2024 | — | |
| outstanding | Ultimate Finance Ultimate Finance Limited | A registered charge | 1 property | 16/05/2024 | — | |
| satisfied | Leumi Abl Leumi Abl Limited | Legal charge | 1 property | 11/12/2009 | 03/01/2024 | |
| satisfied | Leumi Abl Leumi Abl Limited | Full form debenture | 1 property | 11/12/2009 | 02/06/2024 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 17/03/2000 | 18/12/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 2 properties | 03/01/1992 | 24/04/2001 | |
| outstanding | Tide Properties Tide Properties Limited | Legal charge | 1 property | 16/06/1988 | — | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 16/06/1988 | 27/10/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 30/12/1982 | 27/10/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 30/12/1982 | 24/04/2001 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 23/07/1979 | 27/10/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Mortgage | 1 property | 12/07/1978 | 27/10/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Floating charge | 1 property | 12/07/1978 | 11/12/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 2 properties | 28/03/1977 | 27/10/1995 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (149 total)
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-29
termination-director-company-with-name-termination-date
officers · TM01
2024-05-23
termination-director-company-with-name-termination-date
officers · TM01
2024-05-23
termination-director-company-with-name-termination-date
officers · TM01
2024-05-23
termination-director-company-with-name-termination-date
officers · TM01
2024-05-23
appoint-person-director-company-with-name-date
officers · AP01
2024-05-23
appoint-person-director-company-with-name-date
officers · AP01
2024-05-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-21