ACE ADHESIVES LIMITED

🌳Matureactive
02014624 · ltd · incorporated 1986-04-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 38.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£3.03M
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 20520
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 38.8y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 38.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 12 with DOB)
86
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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 £3,032,031
Cash YoY
+89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£546k
↑ 89% YoY
Net Worth
£3.0m
↑ 6.6% YoY
Current Assets
£3.8m
↑ 16% YoY
Current Liabilities
—
£0£764k£1.5m£2.3m£3.1m£3.8mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£3.14M£2.99M
Current assets£3.82M£3.30M
Cash£545.9k£289.4k
Debtors£2.39M£2.17M
Net assets£3.03M£2.84M

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 (42 events)Click to expand
  1. 2025-11-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-11-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-08-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2024-07-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-09-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-06-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-05-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2021-07-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2021-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-07-20
    ➖
    RYS, Rolando Angewlo Francois resigned
    director
  14. 2018-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-06-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-05-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2010-10-01
    ➕
    DESIMPEL, Xavier appointed
    director
  19. 2010-10-01
    ➖
    DESIMPEL, Christine resigned
    director
  20. 2006-02-28
    ➕
    DESIMPEL, Christine appointed
    director
  21. 2006-02-28
    ➖
    JANSSENS, Patrick Willy Marie Jeanne resigned
    director
  22. 2004-12-10
    ➕
    LEE, Phillip Denham appointed
    secretary
  23. 2004-12-10
    ➖
    RYLE, Stuart John resigned
    secretary
  24. 2004-12-10
    ➕
    JANSSENS, Patrick Willy Marie Jeanne appointed
    director
  25. 2004-12-10
    ➖
    RYLE, Stuart John resigned
    director
  26. 2004-12-10
    ➕
    RYS, Rolando Angewlo Francois appointed
    director
  27. 2004-08-04
    🔓
    Charge satisfied #2
  28. 2002-06-20
    ➖
    LEE, Diane Joan resigned
    secretary
  29. 2002-06-20
    ➕
    RYLE, Stuart John appointed
    secretary
  30. 2002-06-20
    ➖
    LEE, Diane Joan resigned
    director
  31. 2001-11-28
    ➖
    MARCUSE, Klaus Adolf resigned
    director
  32. 1995-04-03
    ➕
    MARCUSE, Klaus Adolf appointed
    director
  33. 1994-09-27
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  34. 1994-09-15
    ➖
    WARD, Raymond Garth resigned
    director
  35. 1994-09-15
    ➖
    WARD, Una Clare resigned
    director
  36. 1994-05-18
    ➕
    LEE, Phillip Denham appointed
    director
  37. 1994-03-22
    ➖
    HAUCK, Jochen resigned
    director
  38. 1994-03-22
    ➕
    RYLE, Stuart John appointed
    director
  39. 1992-06-09
    ➕
    LEE, Diane Joan appointed
    secretary
  40. 1992-06-09
    ➖
    KUGLER, Karleheinz Helmut resigned
    director
  41. 1987-07-23
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  42. 1986-04-28
    🏢
    Company incorporated
    As ACE ADHESIVES 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 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️
Gluecom Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ACE ADHESIVES LIMITED
This company · 02014624

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Gluecom Uk Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control07/02/2022
Mr Xavier Desimpel
Individual · Belgian · DOB 05/1969 · age 57
75–100%
75–100%board control75-100% shares · 75-100% voting · board control29/07/2021
Mr Louis Hubert Piette
Individual · Belgian · DOB 12/1993 · age 33
25–50%
25–50%25-50% shares · 25-50% voting25/02/2022
1 historic (ceased) PSC
  • Mr Phillip Denham Leeceased 20/11/2025· significant influence

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

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
Incorporated1986-04-28
Jurisdictionengland-wales
Primary SIC20520 — SIC 20520

Registered office

Shenstone Drive
Northgate Aldridge
Walsall
West Midlands
WS9 8TP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-14
Last: 2025-05-31

Officers (3 active · 12 resigned)

LEE, Phillip Denham→
secretary · appointed 2004-12-10
View their other companies + combined net worth →
Active
DESIMPEL, Xavier→
director · ~57y · appointed 2010-10-01
View their other companies + combined net worth →
Active
LEE, Phillip Denham→
director · ~60y · appointed 1994-05-18
View their other companies + combined net worth →
Active
LEE, Diane Joan→
secretary · appointed 1992-06-09 · resigned 2002-06-20
Resigned
RYLE, Stuart John→
secretary · appointed 2002-06-20 · resigned 2004-12-10
Resigned
DESIMPEL, Christine→
director · ~59y · appointed 2006-02-28 · resigned 2010-10-01
Resigned
HAUCK, Jochen→
director · ~89y · resigned 1994-03-22
Resigned
JANSSENS, Patrick Willy Marie Jeanne→
director · ~64y · appointed 2004-12-10 · resigned 2006-02-28
Resigned
KUGLER, Karleheinz Helmut→
director · ~80y · resigned 1992-06-09
Resigned
LEE, Diane Joan→
director · ~85y · resigned 2002-06-20
Resigned
MARCUSE, Klaus Adolf→
director · ~105y · appointed 1995-04-03 · resigned 2001-11-28
Resigned
RYLE, Stuart John→
director · ~75y · appointed 1994-03-22 · resigned 2004-12-10
Resigned
RYS, Rolando Angewlo Francois→
director · ~70y · appointed 2004-12-10 · resigned 2018-07-20
Resigned
WARD, Raymond Garth→
director · ~109y · resigned 1994-09-15
Resigned
WARD, Una Clare→
director · ~104y · resigned 1994-09-15
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property27/09/199404/08/2004
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property23/07/1987—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-20
accounts-with-accounts-type-small
accounts · AA
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-small
accounts · AA
2024-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-small
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-06
accounts-with-accounts-type-small
accounts · AA
2022-05-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-01