ADAMS CUNDELL ENGINEERS LIMITED

🌳Matureactive
01122425 · ltd · incorporated 1973-07-12
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 Dec 2024
Net worth
£6.55M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 25290
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46690Wholesale of other machinery and equipment
  • 77320Renting and leasing of construction and civil engineering machinery and equipment
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 78/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 45.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 45.6 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
128 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,547,433

Key financials

1 year extracted from filed iXBRL accounts
Cash
£1.3m
Net Worth
£6.5m
Current Assets
£2.8m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£7.60M
Current assets£2.78M
Cash£1.30M
Debtors£1.09M
Net assets£6.55M

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
2
filings
  • • 1 officers
  • • 1 accounts
Last 90 days
2
filings
  • • 1 officers
  • • 1 accounts
Last 180 days
2
filings
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2026-05-12
    ➖
    LAWRENCE, Gary resigned
    director
  2. 2026-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-05-06
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  4. 2025-09-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-09-01
    ➕
    WHEELER, George Robert appointed
    director
  10. 2024-09-01
    ➕
    LAWRENCE, Gary appointed
    director
  11. 2024-09-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2024-05-31
    ➖
    MUNN, Vivien Alice resigned
    secretary
  13. 2024-04-09
    ➖
    WHITE, Alan resigned
    director
  14. 2024-02-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2023-02-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2022-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-05-17
    ➖
    TYE, Michael resigned
    director
  18. 2022-02-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2021-08-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  20. 2021-01-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2019-08-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2018-10-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  23. 2016-11-04
    🔓
    Charge satisfied #5
  24. 2016-11-04
    🔓
    Charge satisfied #3
  25. 2016-10-31
    ➕
    WHEELER, Patricia Jane appointed
    director
  26. 2016-10-31
    ➕
    WHEELER, Paul Watson appointed
    director
  27. 2016-10-31
    ➖
    ADAMS, David John resigned
    secretary
  28. 2016-10-31
    ➕
    MUNN, Vivien Alice appointed
    secretary
  29. 2016-10-31
    ➖
    ADAMS, David John resigned
    director
  30. 2016-10-31
    ➖
    CUNDELL, Francis Henry Blew resigned
    director
  31. 2016-10-31
    ➕
    TYE, Michael appointed
    director
  32. 2016-10-31
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  33. 2016-10-31
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  34. 2016-08-31
    🔓
    Charge satisfied #4
  35. 2016-08-31
    🔓
    Charge satisfied #2
  36. 2016-08-31
    🔓
    Charge satisfied #1
  37. 2006-07-24
    🔒
    Charge registered #5
    Lender: Barclays Mercantile Business Finance Limited
  38. 2003-11-13
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  39. 1998-12-23
    🔒
    Charge registered #3
    Lender: Royscot Trust PLC,Royscot Leasing Limited,Royscot Industrial Leasing Limited,Royscot Commercialleasing Limited and Royscot Spa Leasing Limited
  40. 1998-03-31
    ➖
    HALEY, Danny William resigned
    director
  41. 1997-11-20
    ➕
    WHITE, Alan appointed
    director
  42. 1997-08-08
    ➕
    HALEY, Danny William appointed
    director
  43. 1997-06-30
    ➖
    STOCKWIN, Mark James resigned
    director
  44. 1991-01-01
    ➕
    STOCKWIN, Mark James appointed
    director
  45. 1987-02-16
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  46. 1980-09-30
    🔒
    Charge registered #1
    Lender: National Westminster Bank Ltdq
  47. 1973-07-12
    🏢
    Company incorporated
    As ADAMS CUNDELL ENGINEERS LIMITED

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — WHEELER, George Robert (same surname) appointed 2024-09-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.

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.

Group structure

Adams Cundell Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Adams Cundell Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADAMS CUNDELL ENGINEERS LIMITED
This company · 01122425

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%
NameSharesVoting rightsNature of controlNotified
Adams Cundell Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated1973-07-12
Jurisdictionengland-wales
Primary SIC25290 — SIC 25290

Registered office

Blackpit Farm Silverstone Road
Stowe
Buckingham
MK18 5LJ
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (3 active · 9 resigned)

WHEELER, George Robert→
director · ~40y · appointed 2024-09-01
View their other companies + combined net worth →
Active
WHEELER, Patricia Jane→
director · ~70y · appointed 2016-10-31
View their other companies + combined net worth →
Active
WHEELER, Paul Watson→
director · ~72y · appointed 2016-10-31
View their other companies + combined net worth →
Active
ADAMS, David John→
secretary · resigned 2016-10-31
Resigned
MUNN, Vivien Alice→
secretary · appointed 2016-10-31 · resigned 2024-05-31
Resigned
ADAMS, David John→
director · ~82y · resigned 2016-10-31
Resigned
CUNDELL, Francis Henry Blew→
director · ~78y · resigned 2016-10-31
Resigned
HALEY, Danny William→
director · ~59y · appointed 1997-08-08 · resigned 1998-03-31
Resigned
LAWRENCE, Gary→
director · ~48y · appointed 2024-09-01 · resigned 2026-05-12
Resigned
STOCKWIN, Mark James→
director · ~68y · appointed 1991-01-01 · resigned 1997-06-30
Resigned
TYE, Michael→
director · ~70y · appointed 2016-10-31 · resigned 2022-05-17
Resigned
WHITE, Alan→
director · ~64y · appointed 1997-11-20 · resigned 2024-04-09
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property31/10/2016—
outstanding
HSBC
Hsbc Bank PLC
A registered charge—31/10/2016—
satisfied
Barclays
Barclays Mercantile Business Finance Limited
Assignment and charge of sub-leasing agreements1 property24/07/200604/11/2016
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property13/11/200331/08/2016
satisfied
Royscot Trust ,Royscot Leasing ,Royscot Industrial Leasing ,Royscot Commercialleasing and Royscot Spa Leasing
Royscot Trust PLC,Royscot Leasing Limited,Royscot Industrial Leasing Limited,Royscot Commercialleasing Limited and Royscot Spa Leasing Limited
Master agreement1 property23/12/199804/11/2016
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property16/02/198731/08/2016
satisfied
National Westminster Bank Ltdq
Legal mortgage1 property30/09/198031/08/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (128 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-05-12
change-account-reference-date-company-current-extended
accounts · AA01
2026-05-06
accounts-with-accounts-type-small
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-11
accounts-with-accounts-type-small
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
appoint-person-director-company-with-name-date
officers · AP01
2024-09-02
appoint-person-director-company-with-name-date
officers · AP01
2024-09-02
termination-director-company-with-name-termination-date
officers · TM01
2024-09-02
termination-secretary-company-with-name-termination-date
officers · TM02
2024-09-01
accounts-with-accounts-type-small
accounts · AA
2024-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
accounts-with-accounts-type-small
accounts · AA
2023-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
termination-director-company-with-name-termination-date
officers · TM01
2022-07-07