ADRECO LIMITED

🌳Matureactive

01312605 · ltd · incorporated 1977-05-04

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 Apr 2025

Net worth

£788.6k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: SIC 22290

Sector: Manufacturing

ALSO REGISTERED FOR

24450SIC 24450
28290SIC 28290
32990Other manufacturing n.e.c.

Investor take

Pursue

Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 78). Biggest value-creation lever: Consolidate lender relationships. 15 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

20 live charges · 13 lenders · oldest 44.3y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 44.3 years old — likely at or near maturity.
· 13 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

20 charges (20/20 with lender, 20/20 with type)

Directors & officers

14 officers (5 active, 14 linked, 10 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

5 connected companies via shared directors

Filing history

150 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £788,648

Net assets shrinking

Down £75,386 YoY

Cash draining

Cash down 75% YoY

Cash YoY

-75%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£4k

↓ 75% YoY

Net Worth

£789k

↓ 8.7% YoY

Current Assets

£1.6m

↓ 21% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£1.28M	£1.46M
Current assets	£1.58M	£2.00M
Cash	£4.0k	£16.2k
Debtors	£1.47M	£1.86M
Net assets	£788.6k	£864.0k

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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (77 events)Click to expand

2026-03-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-06
➖
DIXON, Paul resigned
director
2025-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-03
🔒
Charge registered #20
Lender: Skipton Business Finance Limited
2025-05-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-28
🔓
Charge satisfied #10
2025-05-19
🔒
Charge registered #19
Lender: Morgan Lloyd Trustees Limited as Trustee of Adreco Pension Scheme, Samuel Hill as Trustee of Adreco Pension Scheme
2025-03-27
📄
resolution
resolution · RESOLUTIONS
2025-03-27
📄
memorandum-articles
incorporation · MA
2024-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-17
🔓
Charge satisfied #13
2024-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-23
🔒
Charge registered #18
Lender: Hsbc UK Bank PLC
2024-07-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-01
🔓
Charge satisfied #15
2024-05-15
➖
WANG, Lin resigned
director
2024-05-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-10
🔒
Charge registered #17
Lender: Hsbc Invoice Finance (UK) LTD
2024-02-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-13
🔒
Charge registered #16
Lender: Hsbc UK Bank PLC
2024-01-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-14
➕
LEONARD, Lorna appointed
secretary
2023-11-14
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-04-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-21
🔓
Charge satisfied #14
2023-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
➕
DIXON, Paul appointed
director
2022-12-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-30
➖
HUGHES, Kelly Ann resigned
secretary
2022-11-30
➖
HUGHES, Kelly Ann resigned
director
2022-02-14
🔒
Charge registered #15
Lender: Aldermore Bank PLC
2022-02-08
🔓
Charge satisfied #12
2022-02-08
🔓
Charge satisfied #11
2022-02-08
🔓
Charge satisfied #9
2022-02-01
🔓
Charge satisfied #8
2022-02-01
🔓
Charge satisfied #7
2021-10-29
🔒
Charge registered #14
Lender: Vicarage Management No 1 Limited
2019-12-13
🔒
Charge registered #13
Lender: Morgan Lloyd Trustees Limited as Trustee of Adreco Pension Scheme
2019-03-01
➕
GAO, Feng appointed
director
2019-02-25
🔒
Charge registered #12
Lender: Hsbc Invoice Finance (UK) LTD
2019-02-25
🔒
Charge registered #11
Lender: Hsbc Invoice Finance (UK) LTD
2019-02-20
🔓
Charge satisfied #4
2019-02-20
🔓
Charge satisfied #3

Showing most recent 50 of 77 events

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 78 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Sth Plastics Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Sth Plastics Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ADRECO LIMITED

This company · 01312605

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Sth Plastics Ltd Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	30/09/2016
Mr Samuel Thomas Hill Individual · British · DOB 02/1974 · age 52	50–75%	—	board control50-75% shares · board control	08/09/2025

1 historic (ceased) PSC

Mr Samuel Thomas Hillceased 08/09/2025· board control · trust interest · firm interest

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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A B TURNKEY SOLUTIONS FOR MANUFACTURING LIMITED→ 04244417 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
ACERBIS UK LIMITED→ 06318590 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
ACH TECHNICAL LTD→ 15226189 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACTIVE DESIGN LIMITED→ 02675350 · est 1991 · no financials extracted	—	—	—	—	34y	—	—
ADAPTIVE COMFORT LIVING LTD→ 16331869 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ADAS LIMITED→ 02824991 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
ADESSO TECHNOLOGY UK LTD→ 13653250 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADRIANA'S BRIDAL LTD→ 12555799 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
ADS CARPENTRY LIMITED→ 15990809 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusactive

Typeltd

Incorporated1977-05-04

Jurisdictionengland-wales

Primary SIC22290 — SIC 22290

Registered office

17-19 Avant Business Centre

Third Avenue Bletchley

Milton Keynes

Buckinghamshire

MK1 1DR

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-09-22

Last: 2025-09-08