ADREM CONTRACTS LIMITED

💤Zombieactive
01703992 · ltd · incorporated 1983-03-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£361.0k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 14.6y

30/100
under pressure

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

  • · Oldest live charge is 14.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
126 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £360,971
Net assets shrinking
Down £43,767 YoY
Cash YoY
-25%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£181k
↓ 25% YoY
Net Worth
£361k
↓ 11% YoY
Current Assets
£574k
↓ 6.3% YoY
Current Liabilities
—
£0£123k£245k£368k£491k£613kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£407.7k£491.4k
Current assets£574.4k£613.2k
Cash£180.8k£241.0k
Debtors£392.1k£370.7k
Net assets£361.0k£404.7k

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-02-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-21
    ➖
    RANA, Suhail Mohamed Bashir resigned
    director
  3. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-05-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-01-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-12-31
    ➖
    RICHARDS, Winston Alexander resigned
    director
  10. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-07-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-04-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-04-08
    🔒
    Charge registered #3
    Lender: Barclays Security Trustee Limited
  14. 2021-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-07-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-06-01
    ➕
    RANA, Suhail Mohamed Bashir appointed
    director
  19. 2020-06-01
    ➕
    RICHARDS, Winston Alexander appointed
    director
  20. 2020-05-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-05-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2019-12-12
    ➖
    GALVIN, Thomas Anthony resigned
    secretary
  24. 2019-12-12
    ➖
    GALVIN, Thomas Anthony resigned
    director
  25. 2012-02-28
    🔒
    Charge registered #2
    Lender: Brixton (West Cross) Limited
  26. 2012-01-04
    🔒
    Charge registered #1
    Lender: Brixton (West Cross) Limited
  27. 2010-12-03
    ➖
    SALHAB, Omar Youssef resigned
    director
  28. 2010-10-04
    ➕
    SOROUR, Husam Faisal appointed
    director
  29. 2003-10-31
    ➖
    DAY, Martin Christopher resigned
    secretary
  30. 2003-10-31
    ➕
    GALVIN, Thomas Anthony appointed
    secretary
  31. 1999-01-01
    ➖
    NAYLOR, Clive Robert resigned
    director
  32. 1999-01-01
    ➕
    SALHAB, Omar Youssef appointed
    director
  33. 1997-11-05
    ➖
    COTTERELL, Trevor Francis resigned
    director
  34. 1997-07-25
    ➖
    COTTERELL, Trevor Francis resigned
    secretary
  35. 1997-07-25
    ➕
    DAY, Martin Christopher appointed
    secretary
  36. 1983-03-03
    🏢
    Company incorporated
    As ADREM CONTRACTS LIMITED

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 43 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

Albion Pavement Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Albion Pavement Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADREM CONTRACTS LIMITED
This company · 01703992

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
Albion Pavement Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/02/2019
1 historic (ceased) PSC
  • El Mouhtaz El Sawafceased 01/02/2019· 75-100% shares · 75-100% voting · board control

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

8 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
Incorporated1983-03-03
Jurisdictionengland-wales
Primary SIC43390 — Other building completion and finishing

Registered office

147 Chiswick High Road
London
W4 2DT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-07-03
Last: 2026-06-19

Officers (1 active · 9 resigned)

SOROUR, Husam Faisal→
director · ~47y · appointed 2010-10-04
View their other companies + combined net worth →
Active
COTTERELL, Trevor Francis→
secretary · resigned 1997-07-25
Resigned
DAY, Martin Christopher→
secretary · appointed 1997-07-25 · resigned 2003-10-31
Resigned
GALVIN, Thomas Anthony→
secretary · appointed 2003-10-31 · resigned 2019-12-12
Resigned
COTTERELL, Trevor Francis→
director · ~72y · resigned 1997-11-05
Resigned
GALVIN, Thomas Anthony→
director · ~68y · resigned 2019-12-12
Resigned
NAYLOR, Clive Robert→
director · ~77y · resigned 1999-01-01
Resigned
RANA, Suhail Mohamed Bashir→
director · ~34y · appointed 2020-06-01 · resigned 2026-01-21
Resigned
RICHARDS, Winston Alexander→
director · ~52y · appointed 2020-06-01 · resigned 2021-12-31
Resigned
SALHAB, Omar Youssef→
director · ~79y · appointed 1999-01-01 · resigned 2010-12-03
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—08/04/2021—
outstanding
Brixton (West Cross)
Brixton (West Cross) Limited
Rent deposit deed1 property28/02/2012—
outstanding
Brixton (West Cross)
Brixton (West Cross) Limited
Rent deposit deed1 property04/01/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (126 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-19
termination-director-company-with-name-termination-date
officers · TM01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-11
termination-director-company-with-name-termination-date
officers · TM01
2022-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
change-person-director-company-with-change-date
officers · CH01
2021-07-08