ADAPTIC LIMITED

🌳Matureactive
02347574 · ltd · incorporated 1989-02-14
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-85.1k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 62020Information technology consultancy activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
82 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £85,148

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£85k
~ YoY
Current Assets
£29k
↓ 30% YoY
Current Liabilities
—
-£85k-£60k-£35k-£9k£16k£41kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-85.1k£-84.7k
Current assets£29.1k£41.4k
Net assets£-85.1k£-84.7k

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
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-03-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2015-03-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-03-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 1989-02-14
    🏢
    Company incorporated
    As ADAPTIC LIMITED

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen William Barfoot
Individual · British · DOB 01/1959 · age 67
25–50%
—25-50% shares06/04/2016
Mrs Julie Laraine Barfoot
Individual · British · DOB 03/1962 · age 64
25–50%
—25-50% shares06/04/2016

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

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.

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Company details

Statusactive
Typeltd
Incorporated1989-02-14
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

1 Regency Court
Dunstable
Beds
LU6 3SL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (3 active · 0 resigned)

BARFOOT, Stephen William→
secretary
View their other companies + combined net worth →
Active
BARFOOT, Julie Laraine→
director · ~64y
View their other companies + combined net worth →
Active
BARFOOT, Stephen William→
director · ~67y
View their other companies + combined net worth →
Active

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

Recent filings (82 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-28