ADDWELL BUSINESS EQUIPMENT LIMITED
🌳Matureactive
02392341 · ltd · incorporated 1989-06-06
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 May 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
Data confidence
Overall: high (80/100)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
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 900 | 900 |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-23📄resolutionresolution · RESOLUTIONS
- 2023-05-23📄memorandum-articlesincorporation · MA
- 2023-05-23📄capital-name-of-class-of-sharescapital · SH08
- 2023-05-16📄capital-allotment-sharescapital · SH01
- 2023-05-16📄capital-allotment-sharescapital · SH01
- 2022-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-25📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-04➖MILES, Anne resignedsecretary
- 2018-01-04➖MILES, Anne resigneddirector
- 2018-01-04➖MILES, Michael Alan resigneddirector
- 2016-02-04➕MILES, Bradley James appointeddirector
- 2016-02-04➕MILES, Matthew Robert appointeddirector
- 2008-06-09➕CLOWES, Jamie appointeddirector
- 1989-06-06🏢Company incorporatedAs ADDWELL BUSINESS EQUIPMENT LIMITED
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
53/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 37 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Addwell Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Addwell Holdings Limited
Corporate parent · holds 75-100% shares
⬇
ADDWELL BUSINESS EQUIPMENT LIMITED
This company · 02392341
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Addwell Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 22/02/2024 |
Mr Bradley James Miles Individual · British · DOB 12/1991 · age 35 | — | — | sig. influencesignificant influence | 12/12/2017 |
Mr Matthew Robert Miles Individual · British · DOB 09/1989 · age 37 | — | — | sig. influencesignificant influence | 12/12/2017 |
2 historic (ceased) PSCs
- Mr Michael Alan Milesceased 12/12/2017· 25-50% shares · 25-50% voting · board control
- Mrs Anne Milesceased 12/12/2017· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Trade services · RM postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.E.W. PROPERTY SERVICES LTD→ 07229076 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ACCOUNTING SERVICES GROUP LIMITED→ 12142066 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADDMORE UK LTD→ 09763699 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADDWELL EPOS SOLUTIONS LTD→ 10421706 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADELINAA LTD→ 16191804 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADEM'S BARBER LTD→ 15582658 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADHESIVE TECHNICAL SERVICES LIMITED→ 06008663 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ADHYASHRI LTD→ 16116262 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADNAN DURAN LTD→ 14299578 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADORABLE UK SERVICES LTD→ 10962987 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADSO CONSULTANCY LTD→ 11395586 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADUDANIELS LTD→ 17032357 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1989-06-06
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
82 Brentwood Road
Romford
RM1 2EL
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-06-20
Last: 2026-06-06
Officers (3 active · 3 resigned)
CLOWES, Jamie→
Activedirector · ~51y · appointed 2008-06-09
View their other companies + combined net worth →
MILES, Bradley James→
Activedirector · ~35y · appointed 2016-02-04
View their other companies + combined net worth →
MILES, Matthew Robert→
Activedirector · ~37y · appointed 2016-02-04
View their other companies + combined net worth →
MILES, Anne→
Resignedsecretary · resigned 2018-01-04
MILES, Anne→
Resigneddirector · ~73y · resigned 2018-01-04
MILES, Michael Alan→
Resigneddirector · ~72y · resigned 2018-01-04
Click a director name to see their full track record across all companies.
Recent filings (115 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-25
resolution
resolution · RESOLUTIONS
2023-05-23
memorandum-articles
incorporation · MA
2023-05-23
capital-name-of-class-of-shares
capital · SH08
2023-05-23
capital-allotment-shares
capital · SH01
2023-05-16
capital-allotment-shares
capital · SH01
2023-05-16