ADEPT PRECISION SHEETMETAL LIMITED

🌳Matureactive
01994050 · ltd · incorporated 1986-02-28
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£201.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 25500
Sector: Manufacturing
ALSO REGISTERED FOR
  • 25610Treatment and coating of metals
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 39.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 39.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £201,794
Cash YoY
-6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£67k
↓ 6.1% YoY
Net Worth
£202k
↑ 7.7% YoY
Current Assets
£269k
↑ 20% YoY
Current Liabilities
—
£0£54k£107k£161k£215k£269kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£206.5k£191.0k
Current assets£268.7k£223.0k
Cash£66.9k£71.2k
Debtors£199.3k£147.4k
Net assets£201.8k£187.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-09-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2016-10-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-07-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2016-07-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2016-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2016-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2016-07-16
    ➖
    WILSON, Richard resigned
    director
  17. 2011-08-01
    ➕
    LOCK, Simon appointed
    director
  18. 2011-08-01
    ➖
    LOCK, Kenneth resigned
    director
  19. 2008-10-21
    ➕
    ADAMS, Cheryl appointed
    secretary
  20. 2008-10-21
    ➖
    SHREWDCHOICE LTD resigned
    corporate-secretary
  21. 2008-06-12
    🔓
    Charge satisfied #2
  22. 2008-03-20
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  23. 2006-10-24
    ➕
    ADAMS, Cheryl appointed
    director
  24. 2006-10-24
    ➕
    WILSON, Richard appointed
    director
  25. 1996-10-01
    ➖
    LOCK, Kenneth resigned
    secretary
  26. 1996-10-01
    ➕
    SHREWDCHOICE LTD appointed
    corporate-secretary
  27. 1996-10-01
    ➖
    WESTON, Kenneth resigned
    director
  28. 1996-10-01
    ➖
    WILLIAMS, Michael resigned
    director
  29. 1992-02-21
    🔓
    Charge satisfied #1
  30. 1991-12-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  31. 1987-06-05
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  32. 1986-02-28
    🏢
    Company incorporated
    As ADEPT PRECISION SHEETMETAL 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 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 40 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Joanne Karen Janice Goddard
Individual · British · DOB 05/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Miss Cheryl Adams
Individual · British · DOB 01/1963 · age 63
——sig. influencesignificant influence06/04/2016
Mr Simon Lock
Individual · British · DOB 03/1967 · age 59
——sig. influencesignificant influence06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1986-02-28
Jurisdictionengland-wales
Primary SIC25500 — SIC 25500

Registered office

Ardglen Trading Estate
Whitchurch
Hants
RG28 7BB
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-09-17
Last: 2025-09-03

Officers (3 active · 6 resigned)

ADAMS, Cheryl→
secretary · appointed 2008-10-21
View their other companies + combined net worth →
Active
ADAMS, Cheryl→
director · ~63y · appointed 2006-10-24
View their other companies + combined net worth →
Active
LOCK, Simon→
director · ~59y · appointed 2011-08-01
View their other companies + combined net worth →
Active
LOCK, Kenneth→
secretary · resigned 1996-10-01
Resigned
SHREWDCHOICE LTD→
corporate-secretary · appointed 1996-10-01 · resigned 2008-10-21
Resigned
LOCK, Kenneth→
director · ~80y · resigned 2011-08-01
Resigned
WESTON, Kenneth→
director · ~85y · resigned 1996-10-01
Resigned
WILLIAMS, Michael→
director · ~89y · resigned 1996-10-01
Resigned
WILSON, Richard→
director · ~75y · appointed 2006-10-24 · resigned 2016-07-16
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Svenska Handelsbanken Ab (Publ)
Debenture1 property20/03/2008—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property10/12/199112/06/2008
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property05/06/198721/02/1992
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-25