A.D. ASSOCIATES LIMITED

💤Zombieactive
02664508 · ltd · incorporated 1991-11-20
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
£-10.7k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Agents involved in the sale of a variety of goods
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46690Wholesale of other machinery and equipment
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (1 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £10,665

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£11k
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£-563
Net assets£-10.7k

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
2
filings
  • • 1 gazette
  • • 1 dissolution
Last 90 days
4
filings
  • • 2 accounts
  • • 1 gazette
  • • 1 dissolution
Last 180 days
5
filings
  • • 2 accounts
  • • 1 gazette
  • • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-05-19
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-05-12
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2026-04-16
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  5. 2024-11-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-11-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-11-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-10-31
    ➖
    YOUSIF, Jalil Shlamoon, Dr resigned
    director
  9. 2024-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-10-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2021-10-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2021-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2021-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2021-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2021-10-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  21. 2021-10-01
    ➕
    DARMOO, Paul appointed
    director
  22. 2021-10-01
    ➖
    DARMOO, Andy resigned
    secretary
  23. 2021-10-01
    ➖
    DARMOO, Agnes Luka resigned
    director
  24. 2021-10-01
    ➖
    DARMOO, Andy resigned
    director
  25. 2021-10-01
    ➕
    YOUSIF, Jalil Shlamoon, Dr appointed
    director
  26. 1991-11-27
    ➕
    DARMOO, Andy appointed
    director
  27. 1991-11-20
    🏢
    Company incorporated
    As A.D. ASSOCIATES LIMITED
  28. 1991-11-20
    ➕
    DARMOO, Andy appointed
    secretary
  29. 1991-11-20
    ➕
    THOMAS, Howard appointed
    nominee-secretary
  30. 1991-11-20
    ➖
    THOMAS, Howard resigned
    nominee-secretary
  31. 1991-11-20
    ➕
    DARMOO, Agnes Luka appointed
    director
  32. 1991-11-20
    ➕
    TESTER, William Andrew Joseph appointed
    nominee-director
  33. 1991-11-20
    ➖
    TESTER, William Andrew Joseph resigned
    nominee-director

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

55/100
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.
  • secondaryStable-but-static management: Company is 35 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Paul Darmoo
Individual · British · DOB 12/1979 · age 47
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/10/2021
4 historic (ceased) PSCs
  • Dr Jalil Shlamoon Yousifceased 31/10/2024· 25-50% shares · 25-50% voting
  • Mr Andy Darmooceased 01/10/2021· 50-75% shares · 50-75% voting
  • Mrs Agnes Luka Darmooceased 01/10/2021· 25-50% shares · 25-50% voting
  • Mrs Agnes Luka Darmooceased 20/11/2016· 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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———————
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
Incorporated1991-11-20
Jurisdictionengland-wales
Primary SIC46190 — Agents involved in the sale of a variety of goods

Registered office

Unit 1, Manford Industrial Estate
Manor Road
Erith
Kent
DA8 2AJ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-18
Last: 2025-11-04

Officers (1 active · 6 resigned)

DARMOO, Paul→
director · ~47y · appointed 2021-10-01
View their other companies + combined net worth →
Active
DARMOO, Andy→
secretary · appointed 1991-11-20 · resigned 2021-10-01
Resigned
THOMAS, Howard→
nominee-secretary · appointed 1991-11-20 · resigned 1991-11-20
Resigned
DARMOO, Agnes Luka→
director · ~74y · appointed 1991-11-20 · resigned 2021-10-01
Resigned
DARMOO, Andy→
director · ~78y · appointed 1991-11-27 · resigned 2021-10-01
Resigned
TESTER, William Andrew Joseph→
nominee-director · ~64y · appointed 1991-11-20 · resigned 1991-11-20
Resigned
YOUSIF, Jalil Shlamoon, Dr→
director · ~65y · appointed 2021-10-01 · resigned 2024-10-31
Resigned

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

Recent filings (109 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-19
dissolution-application-strike-off-company
dissolution · DS01
2026-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-22
change-account-reference-date-company-current-shortened
accounts · AA01
2026-04-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-04
termination-director-company-with-name-termination-date
officers · TM01
2024-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30