ADAMSON MODULAR SYSTEMS LIMITED

🌳Matureactive
01854917 · ltd · incorporated 1984-10-12
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
48/100
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What this business does
Primary activity: SIC 2872
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 12/100. 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 41.6y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 41.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: low (46/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 3 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
23
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (32 events)Click to expand
  1. 2014-04-23
    📄
    restoration-order-of-court
    restoration · AC92
  2. 1999-04-06
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  3. 1998-12-15
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  4. 1998-06-26
    ⚠️
    legacy
    insolvency · 405(2)
  5. 1998-06-25
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  6. 1998-02-18
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  7. 1997-04-09
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  8. 1996-03-05
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  9. 1995-02-22
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  10. 1995-01-01
    📄
    selection-of-documents-registered-before-January-1995
    historical · PRE95
  11. 1994-04-18
    ⚠️
    liquidation-receiver-abstract-of-receipts-and-payments
    insolvency · 3.6
  12. 1993-11-18
    📍
    legacy
    address · 287
  13. 1993-06-28
    ⚠️
    legacy
    insolvency · SPEC PEN
  14. 1993-05-26
    ⚠️
    liquidation-receiver-administrative-receivers-report
    insolvency · 3.10
  15. 1993-02-09
    ⚠️
    legacy
    insolvency · 405(1)
  16. 1993-01-20
    📄
    accounts-with-made-up-date
    accounts · AA
  17. 1993-01-10
    📄
    legacy
    annual-return · 363s
  18. 1992-12-09
    📄
    legacy
    officers · 288
  19. 1992-11-16
    📄
    memorandum-articles
    incorporation · MEM/ARTS
  20. 1992-11-16
    📄
    legacy
    capital · 88(2)R
  21. 1992-11-16
    📄
    memorandum-articles
    incorporation · MEM/ARTS
  22. 1992-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  23. 1992-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  24. 1992-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  25. 1992-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  26. 1992-04-24
    🔒
    Charge registered #4
    Lender: Tiphook PLC
  27. 1992-02-24
    BROCKBANK, Joseph William resigned
    director
  28. 1991-11-29
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  29. 1990-10-20
    🔓
    Charge satisfied #2
  30. 1984-11-02
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  31. 1984-11-02
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  32. 1984-10-12
    🏢
    Company incorporated
    As ADAMSON MODULAR SYSTEMS LIMITED

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • 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

3 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1995-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2016-12-05

10 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 1998-06-26: legacy; 1998-06-25: liquidation-receiver-abstract-of-receipts-and-payments

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

13 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
Incorporated1984-10-12
Jurisdictionengland-wales
Primary SIC2872 — SIC 2872

Registered office

St James' Square
Manchester
M2 6DS

Filing status

Accounts
Next due: 1995-02-28OVERDUE
Last made up to: 1991-04-30
Confirmation statement
Next due: 2016-12-05OVERDUE
Last:

Officers (4 active · 1 resigned)

SCHOFIELD, Paul Jeffrey
secretary
View their other companies + combined net worth →
Active
PARRIS, Stephen Charles
director · ~73y
View their other companies + combined net worth →
Active
RATH, Paul Joseph
director
View their other companies + combined net worth →
Active
SCHOFIELD, Paul Jeffrey
director · ~71y
View their other companies + combined net worth →
Active
BROCKBANK, Joseph William
director · ~87y · resigned 1992-02-24
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Tiphook
Tiphook PLC
Debenture1 property24/04/1992
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Counter indemnity and charge on deposit1 property29/11/1991
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property02/11/198420/10/1990
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property02/11/1984
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (89 total)

restoration-order-of-court
restoration · AC92
2014-04-23
gazette-dissolved-compulsary
gazette · GAZ2
1999-04-06
gazette-notice-compulsary
gazette · GAZ1
1998-12-15
legacy
insolvency · 405(2)
1998-06-26
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1998-06-25
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1998-02-18
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1997-04-09
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1996-03-05
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1995-02-22
selection-of-documents-registered-before-January-1995
historical · PRE95
1995-01-01
liquidation-receiver-abstract-of-receipts-and-payments
insolvency · 3.6
1994-04-18
legacy
address · 287
1993-11-18
legacy
insolvency · SPEC PEN
1993-06-28
liquidation-receiver-administrative-receivers-report
insolvency · 3.10
1993-05-26
legacy
insolvency · 405(1)
1993-02-09