ADMISAR LIMITED
💤Zombieactive
02632959 · ltd · incorporated 1991-07-26
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 Jul 2025
Net worth
£5.8k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
- 62030Computer facilities management activities
Investor take
PursueAsset-holding vehicle with a 75-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 75). 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 (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 (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 declaredPositive net assets
Net assets £5,806
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£6k
↑ 4.5% YoY
Current Assets
£18k
↓ 36% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £19.1k | £20.3k |
| Current assets | £18.1k | £28.1k |
| Net assets | £5.8k | £5.6k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-10-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-07-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-07-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 1991-07-26🏢Company incorporatedAs ADMISAR LIMITED
- 1991-07-26➕RECKLESS, Valerie appointedsecretary
- 1991-07-26➕RECKLESS, Philip Michael appointeddirector
- 1991-07-26➕FIRST SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1991-07-26➖FIRST SECRETARIES LIMITED resignedcorporate-nominee-secretary
Owner dependency
100/100
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.
- +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
- 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
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Philip Michael Reckless Individual · British · DOB 05/1951 · age 75 | 75–100% | — | 75-100% shares | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| ADI COMPUTER SERVICES LIMITED→ 07860323 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ADLINK COMMUNICATIONS LIMITED→ 03737227 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1991-07-26
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
76 High Street
Queenborough
Kent
ME11 5AG
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26
Officers (2 active · 1 resigned)
Active
RECKLESS, Philip Michael→
Activedirector · ~75y · appointed 1991-07-26
View their other companies + combined net worth →
FIRST SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-07-26 · resigned 1991-07-26
Click a director name to see their full track record across all companies.
Recent filings (81 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-27