ADCONE LIMITED
Opportunity 32/100 (pass), bankability 20/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on immediate intervention.
Refinance opportunity
3 live charges · 2 lenders · oldest 40.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 40.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: low (33/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Recent activity
Corporate timeline (17 events)Click to expand
- 1993-11-19⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1993-09-02⚠️legacyinsolvency · 405(2)
- 1993-01-04⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1992-04-09⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1992-04-09⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1992-04-09⚠️liquidation-receiver-abstract-of-receipts-and-paymentsinsolvency · 3.6
- 1990-02-27📍legacyaddress · 287
- 1989-01-24📍legacyaddress · 287
- 1988-09-05📄legacymortgage · 395
- 1988-09-02🔒Charge registered #3Lender: Lombard North Central PLC
- 1988-08-17📄accounts-with-made-up-dateaccounts · AA
- 1988-08-17📄legacyannual-return · 363
- 1987-03-05📄legacymortgage · 395
- 1987-02-24🔒Charge registered #2Lender: National Westminster Bank PLC
- 1987-01-01📄selection-of-documents-registered-before-January-1987historical · PRE87
- 1985-12-16🔒Charge registered #1Lender: Lombard North Central PLC
- 1984-05-03🏢Company incorporatedAs ADCONE LIMITED
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +No director turnover: Company is 42 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 1990-06-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-05-17
Company is active but has no current directors in the register. This is unusual and should be investigated.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 1993-11-19: liquidation-receiver-abstract-of-receipts-and-payments; 1993-09-02: legacy
Companies House flags prior insolvency events. Review the insolvency filings for context.
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12 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 →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
Registered office
Filing status
Officers (0 active · 0 resigned)
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lombard North Central Lombard North Central PLC | Mortgage debenture | 1 property | 02/09/1988 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 24/02/1987 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Floating charge | 1 property | 16/12/1985 | — |