ADENCROSS LIMITED

🌳Matureactive

02303617 · ltd · incorporated 1988-10-10

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£9.0k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Renting and operating of Housing Association real estate

Sector: Real estate

Investor take

Pursue

Asset-holding vehicle with a 83-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (69/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

60 officers (10 active, 60 linked, 55 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

206 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £8,976

Net assets shrinking

Down £4,285 YoY

Cash YoY

-31%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£9k

↓ 31% YoY

Net Worth

£9k

↓ 32% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£9.0k	£13.3k
Cash	£9.5k	£13.7k
Net assets	£9.0k	£13.3k

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

filing

• 1 address

Last 90 days

filings

• 2 address
• 2 officers

Last 180 days

filings

• 4 officers
• 2 address
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (128 events)Click to expand

2026-06-03
📍
default-companies-house-service-address-applied-officer
address · RP09
2026-05-01
📍
default-companies-house-service-address-applied-officer
address · RP09
2026-04-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-28
➕
ARMITAGE, Richard Matthew appointed
director
2026-04-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-24
➖
ARMITAGE, Richard Matthew resigned
director
2026-03-16
➕
CORK, Stephen Paul appointed
director
2026-03-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-10
➖
CORK, Stephen resigned
director
2025-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-25
➕
ARMITAGE, Richard Matthew appointed
director
2025-04-25
➖
HAMPSON, James resigned
director
2025-01-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-12
➕
JOHNSON, Adam appointed
director
2024-12-12
➖
WALES, Denise Patricia resigned
director
2024-07-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-04
📄
change-person-director-company-with-change-date
officers · CH01
2022-08-03
📄
change-person-director-company-with-change-date
officers · CH01
2022-08-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-12-21
➕
FISKE, Alice Ruth appointed
director
2021-11-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-04
➕
BAXTER, Hayley Danielle appointed
director
2021-10-04
➖
EDWARDS, Marilyn Patricia resigned
director
2021-06-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-21
➖
YAXLEY, Brian Edward resigned
director
2021-01-12
➕
CORK, Stephen appointed
director
2020-12-07
➕
WALES, Denise Patricia appointed
director
2020-02-29
➖
THORNE, Esme Geraldine resigned
director
2020-01-07
➕
WILD, Lesley Kim appointed
secretary
2020-01-07
➖
THORNE, Esme Geraldine resigned
secretary
2019-10-01
➕
HAMPSON, James appointed
director
2019-10-01
➖
MCILWAINE, Sarah Louise resigned
director
2019-02-21
➕
QUINN, Suzanne Neale appointed
director
2019-02-21
➖
CARLTON, Faith Alice resigned
director
2019-01-21
➖
LAKEY, Robin George resigned
director
2018-11-30
➕
MARSLAND, Karen Lyn appointed
director
2018-11-30
➖
WADE, Carol Rose resigned
director
2017-06-09
➖
BURGE, Mary Isobel resigned
director
2017-06-09
➕
EDWARDS, Marilyn Patricia appointed
director
2017-06-09
➕
WADE, Carol Rose appointed
director
2017-06-09
➖
WILD, Steven resigned
director
2015-12-07
➕
CARLTON, Faith Alice appointed
director
2015-12-07
➕
MCILWAINE, Sarah Louise appointed
director

Showing most recent 50 of 128 events

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

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ARMITAGE, Richard Matthew resigned 2026-04-24; CORK, Stephen resigned 2026-03-10

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Similar companies

Active · Property · NR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A J PROPERTIES SUFFOLK LTD→ 15258000 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AAIQ ASSOCIATES LTD→ 09858924 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ABBOTTS DEVELOPMENTS LTD→ 13209271 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ABBOTTS PROPERTY INVESTMENTS LTD→ 13573559 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ABHAY PROPERTIES LTD→ 12028144 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ABODE ABILITY LTD→ 15985109 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ACREAGE PROPERTIES LTD→ 10790309 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ACS (EYE) PROPERTIES LTD→ 15324500 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACTIF CAPITAL LTD→ 16190210 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ACY PROPERTY MANAGEMENT LIMITED→ 14048604 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AD HOLDINGS (NORFOLK) LIMITED→ 16398538 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADVANCED COMMERCIAL PROPERTIES LTD→ 14974735 · est 2023 · no financials extracted	—	—	—	—	2y	—	—

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 →

🔒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

Incorporated1988-10-10

Jurisdictionengland-wales

Primary SIC68201 — Renting and operating of Housing Association real estate

Registered office

Sexty & Co

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-29

Last: 2026-01-15