ADCO PROPERTIES LIMITED
💤Zombieactive
01967850 · ltd · incorporated 1985-12-03
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
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 65/100. Strong seller-intent signal (68/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 12 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
12 live charges · 2 lenders · oldest 40.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 40.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|
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 (32 events)Click to expand
- 2025-11-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-10-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-12-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-12-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-10-30📄change-person-secretary-company-with-change-dateofficers · CH03
- 2017-12-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-12-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2006-04-12🔒Charge registered #12Lender: Mansfield Realisations Limited
- 2004-08-06🔒Charge registered #11Lender: Mansfield Realisations Limited
- 1996-08-19➕WILSON, Julie appointedsecretary
- 1996-08-19➖MILLS, Stuart resignedsecretary
- 1996-04-27➖WILSON, Geoffrey resigneddirector
- 1989-05-12🔒Charge registered #10Lender: National Westminster Bank PLC
- 1988-12-06🔒Charge registered #9Lender: National Westminster Bank PLC
- 1988-11-10🔒Charge registered #8Lender: National Westminster Bank PLC
- 1988-07-29🔒Charge registered #7Lender: National Westminster Bank PLC
- 1988-05-24🔒Charge registered #6Lender: National Westminster Bank PLC
- 1987-09-09🔒Charge registered #5Lender: National Westminster Bank PLC
- 1987-02-04🔒Charge registered #4Lender: National Westminster Bank PLC
- 1986-06-13🔒Charge registered #3Lender: National Westminster Bank PLC
- 1986-04-30🔒Charge registered #2Lender: National Westminster Bank PLC
- 1986-03-07🔒Charge registered #1Lender: National Westminster Bank PLC
- 1985-12-03🏢Company incorporatedAs ADCO PROPERTIES LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 low12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stuart Mills Individual · British · DOB 07/1958 · age 68 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Ms Julie Wilson Individual · British · DOB 06/1962 · age 64 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
Active · Construction · NG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A CURRAN ELECTRICAL SERVICES LIMITED→ 10310524 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A D BACON PLASTERING LIMITED→ 06343633 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| A F C PLUMBING & HEATING LIMITED→ 09030085 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| A F CIVILS AND GROUNDWORKS LTD→ 16561737 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AC KING LTD→ 15059994 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACKROYD CONSTRUCTION LIMITED→ 16417056 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAPT BUILDING & REPAIR SERVICES LTD→ 13037611 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADBROOKE GARAGE CONVERSIONS LIMITED→ 16319727 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADD CON LTD→ 16305510 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDISON CONTRACTORS LIMITED→ 15758337 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADINES GROUP LTD→ 16955929 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADM BUILDING LTD→ 12891786 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated1985-12-03
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Ratcher Hill Quarry
Southwell Road West
Mansfield
NG18 4GE
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11
Officers (2 active · 2 resigned)
Active
Active
MILLS, Stuart→
Resignedsecretary · resigned 1996-08-19
WILSON, Geoffrey→
Resigneddirector · ~91y · resigned 1996-04-27
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
12
Outstanding
2
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mansfield Realisations Mansfield Realisations Limited | Transfer of part (TP1) | 1 property | 12/04/2006 | — | |
| outstanding | Mansfield Realisations Mansfield Realisations Limited | Transfer of part of registered title (TP1) | 1 property | 06/08/2004 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 12/05/1989 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/12/1988 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 10/11/1988 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 29/07/1988 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 24/05/1988 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/09/1987 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 04/02/1987 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 13/06/1986 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 30/04/1986 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 07/03/1986 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (106 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-17
change-person-director-company-with-change-date
officers · CH01
2025-11-17
accounts-with-accounts-type-dormant
accounts · AA
2025-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-22
accounts-with-accounts-type-dormant
accounts · AA
2024-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-dormant
accounts · AA
2023-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-dormant
accounts · AA
2022-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-dormant
accounts · AA
2021-12-10