ADLER MANUFACTURING LIMITED
💤Zombieactive
02425707 · ltd · incorporated 1989-09-22
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
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Activities of call centres
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 69/100 (strong), bankability 47/100. Strong seller-intent signal (63/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 36.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 36.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (55/100)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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 8 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
134 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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
- 2024-09-23📄second-filing-of-change-of-director-details-with-nameofficers · RP04CH01
- 2024-09-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-09-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-27➖SPANG, Martin Jurgen resigneddirector
- 2023-12-07📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-04➕FEUER, Christian appointeddirector
- 2023-05-04➖ADLER, Donald James resigneddirector
- 2023-05-04➕SPANG, Martin Jurgen appointeddirector
- 2022-10-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-10-11📄gazette-notice-compulsorygazette · GAZ1
- 2022-04-21📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-16📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-16📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-09📄accounts-with-accounts-type-fullaccounts · AA
- 2009-11-20🔒Charge registered #3Lender: Neil Mclean Curtis and Jeffrey Bernard Smith & Bw Sipp Trustees Limited
- 2008-08-28➖THOMAS, Nigel Grant resignedsecretary
- 2007-02-28➖SCHAEFER, Lawrence Henry resignedsecretary
- 2007-02-28➕THOMAS, Nigel Grant appointedsecretary
- 2006-12-05🔓Charge satisfied #1
- 2006-04-21🔒Charge registered #2Lender: Bendinat (Leatherhead) Limited
- 2004-11-15➖ADLER, Marie resigneddirector
- 2003-02-07➖DEVITT III, Henry William resignedsecretary
- 2003-02-07➕SCHAEFER, Lawrence Henry appointedsecretary
- 2000-01-18➕DEVITT III, Henry William appointedsecretary
- 2000-01-18➖ZAFFE, Gwen resignedsecretary
- 1997-09-30➖LEWIS, William Robert resigneddirector
- 1995-10-09➖CARTER, Richard resigneddirector
- 1995-10-09➕LEWIS, William Robert appointeddirector
- 1995-04-21➕CARTER, Richard appointeddirector
- 1995-04-20➖HALL, Peter John resigneddirector
- 1992-01-13➖CARTER, Richard Arthur resigneddirector
- 1992-01-13➕HALL, Peter John appointeddirector
- 1990-06-26🔒Charge registered #1Lender: National Westminster Bank PLC
- 1989-09-22🏢Company incorporatedAs ADLER MANUFACTURING LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
1 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-09-30
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Christian Feuer Individual · German · DOB 05/1958 · age 68 | — | — | sig. influencesignificant influence | 04/05/2023 |
Jeffrey Lederer Individual · American · DOB 01/1970 · age 56 | — | — | sig. influencesignificant influence | 04/05/2023 |
1 historic (ceased) PSC
- Mr Donald James Adlerceased 04/05/2023· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Trade services · RG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A E LANGFORD & CO LTD→ 07314237 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| A.D.P. SUPPLIES LIMITED→ 03443066 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ACHIEVE THERAPY LTD→ 09790834 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACORN INTERIOR FURNISHINGS LTD→ 05709139 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ACTIVE FACILITIES MANAGEMENT LTD.→ 03764475 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| AD2 SOLUTIONS LTD→ 16111617 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAM OPTICS LTD→ 10795561 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADDISON GARDENS MANAGEMENT COMPANY NEWBURY LTD→ 11635075 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADGA LTD→ 14708450 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ADIT CAPITAL ADVISERS LIMITED→ 16372718 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADM4DYN HOLDING LIMITED→ 07478093 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADMATICA LIMITED→ 06672622 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1989-09-22
Jurisdictionengland-wales
Primary SIC82200 — Activities of call centres
Registered office
Fourth Floor Abbots House
Abbey Street
Reading
Berkshire
RG1 3BD
England
Filing status
Accounts
Next due: 2022-09-30OVERDUE
Last made up to: 2020-12-27
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11
Officers (1 active · 11 resigned)
FEUER, Christian→
Activedirector · ~68y · appointed 2023-05-04
View their other companies + combined net worth →
DEVITT III, Henry William→
Resignedsecretary · appointed 2000-01-18 · resigned 2003-02-07
SCHAEFER, Lawrence Henry→
Resignedsecretary · appointed 2003-02-07 · resigned 2007-02-28
THOMAS, Nigel Grant→
Resignedsecretary · appointed 2007-02-28 · resigned 2008-08-28
ZAFFE, Gwen→
Resignedsecretary · resigned 2000-01-18
ADLER, Donald James→
Resigneddirector · ~70y · resigned 2023-05-04
ADLER, Marie→
Resigneddirector · ~67y · resigned 2004-11-15
CARTER, Richard→
Resigneddirector · ~83y · appointed 1995-04-21 · resigned 1995-10-09
CARTER, Richard Arthur→
Resigneddirector · ~83y · resigned 1992-01-13
HALL, Peter John→
Resigneddirector · ~67y · appointed 1992-01-13 · resigned 1995-04-20
LEWIS, William Robert→
Resigneddirector · ~72y · appointed 1995-10-09 · resigned 1997-09-30
SPANG, Martin Jurgen→
Resigneddirector · ~54y · appointed 2023-05-04 · resigned 2024-06-27
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Neil Mclean Curtis and Jeffrey Bernard Smith & Bw Sipp Trustees Neil Mclean Curtis and Jeffrey Bernard Smith & Bw Sipp Trustees Limited | Rent deposit deed | 1 property | 20/11/2009 | — | |
| outstanding | Bendinat (Leatherhead) Bendinat (Leatherhead) Limited | Rent deposit charge | 1 property | 21/04/2006 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 26/06/1990 | 05/12/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (134 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
second-filing-of-change-of-director-details-with-name
officers · RP04CH01
2024-09-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-30
termination-director-company-with-name-termination-date
officers · TM01
2024-08-28
change-person-director-company-with-change-date
officers · CH01
2024-08-24
accounts-with-accounts-type-small
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
appoint-person-director-company-with-name-date
officers · AP01
2023-07-07
appoint-person-director-company-with-name-date
officers · AP01
2023-07-06
termination-director-company-with-name-termination-date
officers · TM01
2023-07-06
gazette-filings-brought-up-to-date
gazette · DISS40
2022-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18