ADJUSTERS INTERNATIONAL LIMITED

💤Zombieactive
02173712 · ltd · incorporated 1987-10-05
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 Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£20£40£60£80£100Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets—£100
Current assets—£100
Net assets—£100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-03-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-02-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-11-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-01-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-01-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2024-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-11-03
    ➖
    WINCHELL, Bruce resigned
    secretary
  8. 2023-11-03
    ➖
    CUCCARO, Ronald resigned
    director
  9. 2023-11-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2023-11-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-10-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-10-22
    ➖
    WINCHELL, Bruce resigned
    director
  13. 2023-10-17
    ➕
    GROSS, Ethan appointed
    director
  14. 2023-10-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2023-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2022-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-02-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2018-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2016-04-27
    ➖
    BICKFORD, Patrick resigned
    secretary
  22. 2016-04-27
    ➕
    WINCHELL, Bruce appointed
    secretary
  23. 2016-04-27
    ➖
    BICKFORD, Patrick resigned
    director
  24. 2016-04-27
    ➕
    WINCHELL, Bruce appointed
    director
  25. 2004-06-15
    ➖
    BALCOMBE, Nicholas Simon resigned
    secretary
  26. 2004-06-15
    ➖
    BALCOMBE, Jeremy Simon resigned
    director
  27. 2004-06-15
    ➖
    BALCOMBE, Nicholas Simon resigned
    director
  28. 2004-06-14
    ➕
    BICKFORD, Patrick appointed
    secretary
  29. 2004-06-14
    ➕
    BICKFORD, Patrick appointed
    director
  30. 2004-06-14
    ➕
    CUCCARO, Ronald appointed
    director
  31. 2000-09-11
    ➕
    BALCOMBE, Jeremy Simon appointed
    director
  32. 2000-07-01
    ➖
    BALCOMBE, Frederick James resigned
    director
  33. 1987-10-05
    🏢
    Company incorporated
    As ADJUSTERS INTERNATIONAL LIMITED

Owner dependency

83/100
Critical — business is the founder

The 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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ethan Albert Gross
Individual · American · DOB 08/1967 · age 59
——sig. influencesignificant influence03/11/2023
1 historic (ceased) PSC
  • Director Ronald Cuccaroceased 03/11/2023· significant influence

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

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————19y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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 →
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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
Incorporated1987-10-05
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

The Broadgate Tower 7th Floor
20 Primrose Street
London
EC2A 2EW

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26

Officers (1 active · 9 resigned)

GROSS, Ethan→
director · ~59y · appointed 2023-10-17
View their other companies + combined net worth →
Active
BALCOMBE, Nicholas Simon→
secretary · resigned 2004-06-15
Resigned
BICKFORD, Patrick→
secretary · appointed 2004-06-14 · resigned 2016-04-27
Resigned
WINCHELL, Bruce→
secretary · appointed 2016-04-27 · resigned 2023-11-03
Resigned
BALCOMBE, Frederick James→
director · ~115y · resigned 2000-07-01
Resigned
BALCOMBE, Jeremy Simon→
director · ~51y · appointed 2000-09-11 · resigned 2004-06-15
Resigned
BALCOMBE, Nicholas Simon→
director · ~78y · resigned 2004-06-15
Resigned
BICKFORD, Patrick→
director · ~79y · appointed 2004-06-14 · resigned 2016-04-27
Resigned
CUCCARO, Ronald→
director · ~82y · appointed 2004-06-14 · resigned 2023-11-03
Resigned
WINCHELL, Bruce→
director · ~71y · appointed 2016-04-27 · resigned 2023-10-22
Resigned

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

Recent filings (113 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-24
accounts-with-accounts-type-dormant
accounts · AA
2025-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-07
gazette-filings-brought-up-to-date
gazette · DISS40
2025-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-21
gazette-notice-compulsory
gazette · GAZ1
2025-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-03
termination-director-company-with-name-termination-date
officers · TM01
2023-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-25
termination-director-company-with-name-termination-date
officers · TM01
2023-10-25
appoint-person-director-company-with-name-date
officers · AP01
2023-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-26