ADVISER (156) LIMITED

🌳Matureactive

02532969 · ltd · incorporated 1990-08-21

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 2025

Net worth

£-435

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Management of real estate on a fee or contract basis

Sector: Real estate

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -54% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

24 officers (3 active, 24 linked, 20 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

142 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

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

Negative net assets

Liabilities exceed assets by £435

Very low cash

Cash position: £23

Cash draining

Cash down 54% YoY

Cash YoY

-54%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£23

↓ 54% YoY

Net Worth

-£435

↓ 8.2% 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	2025-12-31	2024-12-31
Total assets	£-435	£-402
Cash	£23	£50
Net assets	£-435	£-402

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 confirmation-statement

Last 90 days

filings

• 2 officers
• 1 confirmation-statement
• 1 miscellaneous

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 miscellaneous

Counts from Companies House filing history.

Corporate timeline (62 events)Click to expand

2026-05-27
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-05-27
📄
legacy
miscellaneous · RP01PSC01
2026-05-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-07
➖
HORWELL, Christopher Richard resigned
director
2026-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-14
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
➕
JAMES, Stephen Michael Newman appointed
director
2024-03-01
➖
DREW, Val resigned
director
2023-07-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-01
➖
CASTLE, June resigned
director
2022-11-01
➖
CASTLE, Robert Frederick John resigned
director
2022-08-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-03
➖
AHERNE, Ian Martin Campbell resigned
director
2022-07-31
➖
VERNALLS, Fred resigned
director
2022-07-25
➕
ANTHONY, Stuart appointed
secretary
2022-07-25
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-07-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-08
➕
AHERNE, Ian Martin Campbell appointed
director
2021-10-08
➖
BOOTHROYDE, Keith resigned
director
2020-09-30
➖
BENDALL, Susan Mary resigned
director
2020-09-30
➕
DREW, Val appointed
director
2020-09-30
➖
MADGE, Derek John resigned
director
2020-09-30
➕
VERNALLS, Fred appointed
director
2020-03-01
➖
ROACH, Michael John resigned
secretary
2020-03-01
➖
ROACH, Michael John resigned
director
2017-03-01
➕
ANTHONY, Stuart appointed
director
2016-04-09
➖
DUGDALE, Jason Ormerod resigned
director
2010-08-11
➖
BALL, Robert Henry resigned
director
2010-08-11
➕
DUGDALE, Jason Ormerod appointed
director
2010-08-11
➕
MADGE, Derek John appointed
director
2010-08-11
➖
VERNALLS, Fred resigned
director
2005-12-05
➕
BALL, Robert Henry appointed
director
2003-12-31
➖
SMITH, Michael Robin resigned
director
2002-11-14
➖
PURDON, David John resigned
director
2002-04-16
➖
BRAEN, David Anton resigned
director
2002-04-16
➕
CASTLE, June appointed
director
2002-04-16
➕
CASTLE, Robert Frederick John appointed
director
2002-01-23
➕
BENDALL, Susan Mary appointed
director
2002-01-23
➕
SMITH, Michael Robin appointed
director

Showing most recent 50 of 62 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

66/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart Anthony Individual · British · DOB 03/1953 · age 73	50–75%	50–75%	50-75% shares · 50-75% voting	01/03/2020

1 historic (ceased) PSC

Mr Michael John Roachceased 31/03/2020· 25-50% shares · 25-50% voting

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

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AD PROPERTY (SW) LTD→ 15677193 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ADEY INVESTMENTS LTD→ 16586666 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADVANTAGE HOMES LIMITED→ 03697079 · est 1999 · no financials extracted	—	—	—	—	27y	—	—
AF PROPERTY MAINTENANCE AND MANAGEMENT LIMITED→ 16009614 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
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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.

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

Incorporated1990-08-21

Jurisdictionengland-wales

Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

Alphin Brook Road Alphin Brook Road

Marsh Barton Trading Estate

Exeter

Devon

EX2 8RG

England

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-04-22

Last: 2026-04-08

Officers (3 active · 21 resigned)

ANTHONY, Stuart→

secretary · appointed 2022-07-25

View their other companies + combined net worth →

Active

ANTHONY, Stuart→

director · ~73y · appointed 2017-03-01

View their other companies + combined net worth →

Active

JAMES, Stephen Michael Newman→

director · ~67y · appointed 2024-03-01

View their other companies + combined net worth →

Active

AMOS, Graham John→

secretary · resigned 1999-02-15

Resigned

EDWARDS, Richard John→

secretary · resigned 1992-12-21

Resigned

ROACH, Michael John→

secretary · appointed 1999-02-15 · resigned 2020-03-01

Resigned

AHERNE, Ian Martin Campbell→

director · ~46y · appointed 2021-10-08 · resigned 2022-08-03

Resigned

AMOS, Graham John→

director · ~94y · resigned 2001-05-17

Resigned

BALL, Robert Henry→

director · ~82y · appointed 2005-12-05 · resigned 2010-08-11

Resigned

BENDALL, Susan Mary→

director · ~81y · appointed 2002-01-23 · resigned 2020-09-30

Resigned

BOOTHROYDE, Keith→

director · ~79y · appointed 1996-10-24 · resigned 2021-10-08

Resigned

BRAEN, David Anton→

director · ~101y · appointed 1993-09-10 · resigned 2002-04-16

Resigned

CASTLE, June→

director · ~75y · appointed 2002-04-16 · resigned 2022-11-01

Resigned

CASTLE, Robert Frederick John→

director · ~79y · appointed 2002-04-16 · resigned 2022-11-01

Resigned

DREW, Val→

director · ~78y · appointed 2020-09-30 · resigned 2024-03-01

Resigned

DUGDALE, Jason Ormerod→

director · ~63y · appointed 2010-08-11 · resigned 2016-04-09

Resigned

HORWELL, Christopher Richard→

director · ~81y · appointed 1992-12-21 · resigned 2026-04-07

Resigned

MADGE, Derek John→

director · ~82y · appointed 2010-08-11 · resigned 2020-09-30

Resigned

PURDON, David John→

director · ~71y · appointed 2001-05-17 · resigned 2002-11-14

Resigned

RICHMOND, Simon John→

director · ~70y · resigned 1992-12-21

Resigned

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

Recent filings (142 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-21

replacement-filing-of-director-appointment-with-name

officers · RP01AP01

2026-05-27

legacy

miscellaneous · RP01PSC01

2026-05-27

termination-director-company-with-name-termination-date

officers · TM01

2026-05-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-02-12

default-companies-house-service-address-applied-officer

address · RP09

2025-10-14

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-05-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-07-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-23

appoint-person-director-company-with-name-date

officers · AP01

2024-03-13

termination-director-company-with-name-termination-date

officers · TM01

2024-03-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-07-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-11

termination-director-company-with-name-termination-date

officers · TM01

2022-11-09