ADK SECURITY LIMITED

💤Zombieactive
02579009 · ltd · incorporated 1991-02-01
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
year to Mar 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 33.3y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 33.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£302k£603k£905k£1.2m£1.5mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£819.8k
Current assets£1.51M
Cash£375.8k
Debtors£41.4k
Net assets£795.8k
Average employees9

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 180 days
2
filings
  • 1 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-01-12
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2025-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-06-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-03-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-03-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-03-23
    🔓
    Charge satisfied #4
  8. 2023-03-23
    🔓
    Charge satisfied #2
  9. 2022-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-11-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2022-11-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-11-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-09-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-08-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2021-08-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2021-07-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-01-01
    BARGIT, Aisha resigned
    secretary
  18. 2020-10-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2019-10-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2019-10-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  21. 2019-06-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2016-03-19
    🔓
    Charge satisfied #3
  23. 2016-02-11
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  24. 2013-03-07
    KATHRADA, Ahmed Dawood appointed
    director
  25. 2013-03-07
    KATHRADA, Aysha Dawood resigned
    director
  26. 2013-03-07
    KATHRADA, Dawood resigned
    director
  27. 2000-07-13
    🔓
    Charge satisfied #1
  28. 1998-01-05
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  29. 1994-11-03
    🔒
    Charge registered #2
    Lender: Yorkshire Bank PLC
  30. 1993-02-16
    🔒
    Charge registered #1
    Lender: Yorkshire Bank PLC
  31. 1991-02-01
    🏢
    Company incorporated
    As ADK SECURITY LIMITED

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 35 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Adk Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Adk Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
ADK SECURITY LIMITED
This company · 02579009

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Adk Holdings Limited
Corporate entity
75100%
75-100% shares01/07/2016
1 historic (ceased) PSC
  • Ahmed Dawood Kathradaceased 01/07/2016· 75-100% shares · firm interest

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 →

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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
Incorporated1991-02-01
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Units 1-4 Bridgeman House
77 Bridgeman Street
Bolton
BL3 6BY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31

Officers (1 active · 3 resigned)

KATHRADA, Ahmed Dawood
director · ~37y · appointed 2013-03-07
View their other companies + combined net worth →
Active
BARGIT, Aisha
secretary · resigned 2021-01-01
Resigned
KATHRADA, Aysha Dawood
director · ~68y · resigned 2013-03-07
Resigned
KATHRADA, Dawood
director · ~75y · resigned 2013-03-07
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge11/02/201623/03/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property05/01/199819/03/2016
satisfied
Virgin Money
Yorkshire Bank PLC
Legal charge1 property03/11/199423/03/2023
satisfied
Virgin Money
Yorkshire Bank PLC
Debenture1 property16/02/199313/07/2000

Recent filings (109 total)

replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-29
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-23
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-23
change-person-director-company-with-change-date
officers · CH01
2022-11-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-11-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-04