FIRNORM LIMITED
🌳Matureactive
01087718 · ltd · incorporated 1972-12-19
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£174.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 73-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (74/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (4 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
125 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £174,040
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£174k
Current Assets
£196k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-09-30 |
|---|---|
| Total assets | £175.6k |
| Current assets | £195.8k |
| Net assets | £174.0k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-03-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-11📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-14📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-04-08➕ADCOCK, Hedley John appointeddirector
- 2010-12-30➕DI PIERRI, Frances Mary Ann appointedsecretary
- 2010-12-30➕ADCOCK, Mark Hedley appointeddirector
- 2010-12-30➕DI PIERRI, Frances Mary Ann appointeddirector
- 2010-12-30➖MARTIN, Tyrone resignedsecretary
- 2010-12-30➖MARTIN, Christopher resigneddirector
- 2009-01-22➕MARTIN, Tyrone appointedsecretary
- 2009-01-22➕MARTIN, Christopher appointeddirector
- 2008-06-17➖KUPER, Ronald William resigneddirector
- 1997-07-04➖MCMILIAN, Mary resignedsecretary
- 1972-12-19🏢Company incorporatedAs FIRNORM LIMITED
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 53 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Hedley Adcock Individual · British · DOB 07/1953 · age 73 | — | — | sig. influencesignificant influence | 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 · Property · WS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 01 STORAGE LIMITED→ 09823231 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 13TERA PROPERTY MANAGEMENT LTD→ 15092105 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 23RS LIMITED→ 10962261 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 24 HR PROPERTY LTD→ 15872613 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 29 MAIN STREET LTD→ 16473842 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3 BY THE SEA LTD→ 15935550 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 30 CHIPPING NORTON MANAGEMENT LTD→ 14234699 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 33 CROYDON ROAD FREEHOLD LIMITED→ 14941342 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 33 CROYDON ROAD RTM COMPANY LIMITED→ 12701639 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 360 BRICKS LTD→ 12560789 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 38 MARKET PLACE LIMITED→ 15806370 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 3K PROPERTY LIMITED→ 13028409 · 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
Incorporated1972-12-19
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Chancery House 27 Lombard Street
Lichfield
Staffordshire
WS13 6DP
Filing status
Accounts
Next due: 2026-06-29
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-06-10
Last: 2026-05-27
Officers (4 active · 4 resigned)
DI PIERRI, Frances Mary Ann→
Activesecretary · appointed 2010-12-30
View their other companies + combined net worth →
ADCOCK, Hedley John→
Activedirector · ~45y · appointed 2016-04-08
View their other companies + combined net worth →
ADCOCK, Mark Hedley→
Activedirector · ~73y · appointed 2010-12-30
View their other companies + combined net worth →
DI PIERRI, Frances Mary Ann→
Activedirector · ~42y · appointed 2010-12-30
View their other companies + combined net worth →
MARTIN, Tyrone→
Resignedsecretary · appointed 2009-01-22 · resigned 2010-12-30
MCMILIAN, Mary→
Resignedsecretary · resigned 1997-07-04
KUPER, Ronald William→
Resigneddirector · ~85y · resigned 2008-06-17
MARTIN, Christopher→
Resigneddirector · ~55y · appointed 2009-01-22 · resigned 2010-12-30
Click a director name to see their full track record across all companies.
Recent filings (125 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-10
change-person-director-company-with-change-date
officers · CH01
2025-03-13
change-person-director-company-with-change-date
officers · CH01
2025-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-31
change-person-director-company-with-change-date
officers · CH01
2024-05-30
change-person-director-company-with-change-date
officers · CH01
2024-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-05
change-person-director-company-with-change-date
officers · CH01
2023-06-05
change-person-director-company-with-change-date
officers · CH01
2023-05-30