ADDAGRIP TERRACO LTD

🌳Matureactive
01492055 · ltd · incorporated 1980-04-21
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
—
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Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 20590
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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 (65/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 42.3y

35/100
too messy

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

  • · Oldest live charge is 42.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 9 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£397k£793k£1.2m£1.6m£2.0mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets—£2.03M
Current assets—£1.61M
Cash—£640.0k
Debtors—£549.6k
Net assets—£1.98M
Average employees2300—

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
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-09-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-02-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-12-31
    ➖
    CRITCHLEY, Roger Clive resigned
    director
  4. 2024-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-06-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-07-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2021-05-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-04-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-01-11
    ➖
    JENNINGS, Denise Margaret resigned
    director
  10. 2021-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-06-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2019-03-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2018-04-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2017-03-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2016-05-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-04-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2015-05-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-04-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2014-09-23
    ➕
    WIDSTROM HOLT, Andrea Ingrid Caroline appointed
    director
  20. 2013-05-15
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  21. 2013-03-14
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  22. 2012-05-31
    ➖
    SCOTT, Derek Leslie resigned
    director
  23. 2011-04-28
    ➕
    WIDSTROM, Goran Helge appointed
    director
  24. 2011-04-28
    ➕
    WIDSTROM, John Eric appointed
    director
  25. 2011-04-28
    ➖
    COTTINGHAM, Richard Leslie resigned
    secretary
  26. 2011-04-28
    ➖
    COTTINGHAM, Elizabeth Lily resigned
    director
  27. 2011-04-28
    ➖
    COTTINGHAM, Richard Leslie resigned
    director
  28. 2011-01-18
    🔓
    Charge satisfied #3
  29. 2011-01-17
    🔓
    Charge satisfied #5
  30. 2011-01-17
    🔓
    Charge satisfied #4
  31. 2005-04-18
    ➕
    JENNINGS, Denise Margaret appointed
    director
  32. 2004-11-05
    ➖
    HILLMAN, Larry resigned
    director
  33. 2001-12-21
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  34. 1996-10-10
    ➕
    CRITCHLEY, Roger Clive appointed
    director
  35. 1995-04-10
    🔒
    Charge registered #4
    Lender: Metropolitan Factors Limited
  36. 1991-01-15
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  37. 1987-04-28
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  38. 1984-01-24
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  39. 1980-04-21
    🏢
    Company incorporated
    As ADDAGRIP TERRACO LTD

Owner dependency

83/100
Critical — business is the founder

The 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 80 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-16

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Goran Helge Widstrom
Individual · Swedish · DOB 03/1946 · age 80
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1980-04-21
Jurisdictionengland-wales
Primary SIC20590 — SIC 20590

Registered office

Addagrip House
Bell Lane Industrial Estate
Uckfield
East Sussex
TN22 1QL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-16OVERDUE
Last: 2025-05-02

Officers (3 active · 7 resigned)

WIDSTROM, Goran Helge→
director · ~80y · appointed 2011-04-28
View their other companies + combined net worth →
Active
WIDSTROM, John Eric→
director · ~45y · appointed 2011-04-28
View their other companies + combined net worth →
Active
WIDSTROM HOLT, Andrea Ingrid Caroline→
director · ~47y · appointed 2014-09-23
View their other companies + combined net worth →
Active
COTTINGHAM, Richard Leslie→
secretary · resigned 2011-04-28
Resigned
COTTINGHAM, Elizabeth Lily→
director · ~87y · resigned 2011-04-28
Resigned
COTTINGHAM, Richard Leslie→
director · ~87y · resigned 2011-04-28
Resigned
CRITCHLEY, Roger Clive→
director · ~63y · appointed 1996-10-10 · resigned 2024-12-31
Resigned
HILLMAN, Larry→
director · ~76y · resigned 2004-11-05
Resigned
JENNINGS, Denise Margaret→
director · ~60y · appointed 2005-04-18 · resigned 2021-01-11
Resigned
SCOTT, Derek Leslie→
director · ~78y · resigned 2012-05-31
Resigned

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

Mortgages & charges

7
Total charges
4
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property15/05/2013—
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property14/03/2013—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property21/12/200117/01/2011
satisfied
Metropolitan Factors
Metropolitan Factors Limited
Charge1 property10/04/199517/01/2011
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property15/01/199118/01/2011
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property28/04/1987—
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Debenture1 property24/01/1984—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

accounts-with-accounts-type-small
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-01
termination-director-company-with-name-termination-date
officers · TM01
2025-02-11
accounts-with-accounts-type-small
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-13
accounts-with-accounts-type-small
accounts · AA
2023-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-02
accounts-with-accounts-type-small
accounts · AA
2022-07-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-03
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-14
change-person-director-company-with-change-date
officers · CH01
2021-05-14
accounts-with-accounts-type-small
accounts · AA
2021-04-20
termination-director-company-with-name-termination-date
officers · TM01
2021-01-11
accounts-with-accounts-type-small
accounts · AA
2020-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-14