ADBOARDS LIMITED

🌳Matureactive

01657977 · ltd · incorporated 1982-08-12

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 42.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other manufacturing n.e.c.

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 42.9y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 42.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (3 active, 8 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

8 connected companies via shared directors

Filing history

108 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	13

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

filings

• 1 incorporation
• 1 resolution
• 1 officers

Last 90 days

filings

• 1 incorporation
• 1 resolution
• 1 officers

Last 180 days

filings

• 1 incorporation
• 1 resolution
• 1 officers

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2026-05-11
📄
memorandum-articles
incorporation · MA
2026-05-11
📄
resolution
resolution · RESOLUTIONS
2026-05-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-30
➖
FARNWORTH, Douglas John resigned
director
2025-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-09-19
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-26
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-26
🔓
Charge satisfied #1
2021-10-26
📄
accounts-with-accounts-type-small
accounts · AA
2021-01-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-23
📄
accounts-with-accounts-type-small
accounts · AA
2020-04-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-04-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-09-26
📄
accounts-with-accounts-type-small
accounts · AA
2018-06-29
➖
GENTRY, Mark Inman resigned
director
2012-04-01
➕
GENTRY, Mark Inman appointed
director
2000-10-01
➕
HOWE, Paul Tony appointed
director
2000-03-31
➕
FARNWORTH, John Matthew appointed
secretary
2000-03-31
➕
FARNWORTH, John Matthew appointed
director
2000-03-31
➖
SWARSBRICK, John resigned
secretary
2000-03-31
➖
SWARSBRICK, John resigned
director
2000-03-27
➖
MIDDLETON, James Lester resigned
director
1992-04-01
➕
MIDDLETON, James Lester appointed
director
1983-06-13
🔒
Charge registered #1
Lender: Williams & Glyns Bank PLC
1982-08-12
🏢
Company incorporated
As ADBOARDS LIMITED

Owner dependency

76/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

76/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 44 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Wml Industrial Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Wml Industrial Holdings Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ADBOARDS LIMITED

This company · 01657977

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
Wml Industrial Holdings Ltd Corporate entity	75–100%	—	75-100% shares	01/07/2016

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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A. J. & L. TAYLOR UK LTD→ 05954015 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
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ABSTRACT AROMAS LTD→ 15886940 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ABSTRACT CREATIVE SCREENPRINTERS LIMITED→ 04759714 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
AC SUPPLIES (2017) LIMITED→ 10572949 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
ACRYLIC CANOPY UK LTD→ 13508409 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ACTIVE PIPELINE REFURBISHMENT TECHNOLOGIES LTD→ 04696267 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
ADHESIVE DEVELOPMENTS LIMITED→ 00915239 · est 1967 · no financials extracted	—	—	—	—	58y	—	—

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

🔒Tailored diligence questions

6 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

Incorporated1982-08-12

Jurisdictionengland-wales

Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Units 6 - 8 Watermead Works

Slater Lane

Bolton

BL1 2TE

England

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-22

Last: 2025-09-08

Officers (3 active · 5 resigned)

FARNWORTH, John Matthew→

secretary · appointed 2000-03-31

View their other companies + combined net worth →

Active

FARNWORTH, John Matthew→

director · ~56y · appointed 2000-03-31

View their other companies + combined net worth →

Active

HOWE, Paul Tony→

director · ~58y · appointed 2000-10-01

View their other companies + combined net worth →

Active

SWARSBRICK, John→

secretary · resigned 2000-03-31

Resigned

FARNWORTH, Douglas John→

director · ~87y · resigned 2026-04-30

Resigned

GENTRY, Mark Inman→

director · ~67y · appointed 2012-04-01 · resigned 2018-06-29

Resigned

MIDDLETON, James Lester→

director · ~70y · appointed 1992-04-01 · resigned 2000-03-27

Resigned

SWARSBRICK, John→

director · ~92y · resigned 2000-03-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Williams & Glyns Bank Williams & Glyns Bank PLC	Debenture	1 property	13/06/1983	26/07/2022

Recent filings (108 total)

memorandum-articles

incorporation · MA

2026-05-11

resolution

resolution · RESOLUTIONS

2026-05-11

termination-director-company-with-name-termination-date

officers · TM01

2026-05-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-11

change-account-reference-date-company-previous-extended

accounts · AA01

2025-07-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-19

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2024-09-19

change-person-director-company-with-change-date

officers · CH01

2024-09-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-20

mortgage-satisfy-charge-full

mortgage · MR04

2022-07-26