ADAM PAY ASSOCIATES LIMITED
💤Zombieactive
02698666 · ltd · incorporated 1992-03-19
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 Apr 2026
Net worth
£-656
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Quantity surveying activities
Sector: Professional, scientific & technical
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 (78/100)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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (1 active, 8 linked, 3 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
105 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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £656
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£656
~ 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 | 2026-04-05 | 2025-04-05 |
|---|---|---|
| Total assets | £-656 | £-656 |
| Net assets | £-656 | £-656 |
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
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 1 accounts
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-25➕PAY, Jonathan William appointeddirector
- 2023-04-25➖FRANCIS, Carly resigneddirector
- 2023-04-25➖PAY, Adam George resigneddirector
- 2022-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-15📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-15📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-20➕FRANCIS, Carly appointeddirector
- 2010-11-20➖MAIDMENT, Richard Lee resignedsecretary
- 2001-07-17➕MAIDMENT, Richard Lee appointedsecretary
- 2001-06-01➖PHILPIN, Frederick William resignedsecretary
- 1997-01-16➕PHILPIN, Frederick William appointedsecretary
- 1997-01-15➖PAY, Eve Janet resignedsecretary
- 1992-03-19🏢Company incorporatedAs ADAM PAY ASSOCIATES LIMITED
- 1992-03-19➕PAY, Eve Janet appointedsecretary
- 1992-03-19➕ELK COMPANY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1992-03-19➖ELK COMPANY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1992-03-19➕PAY, Adam George appointeddirector
- 1992-03-19➕ELK (NOMINEES) LIMITED appointedcorporate-nominee-director
- 1992-03-19➖ELK (NOMINEES) LIMITED resignedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalMultiple 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 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 Jonathan William Pay Individual · British · DOB 12/1983 · age 43 | 75–100% | — | 75-100% shares | 16/08/2022 |
2 historic (ceased) PSCs
- Mr Adam George Payceased 16/08/2022· 25-50% shares
- Ms Carly Francisceased 16/08/2022· 25-50% shares
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 →Similar companies
Active · Professional services · RG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALLSOPP STUDIO LIMITED→ 14440037 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALYSHA CAN LTD→ 12451945 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AMBERFORGE LIMITED→ 03196398 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| AMPHORA SOLUTIONS LTD→ 08894715 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| AMY MORAN CONSULTING LTD→ 15531613 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ANDREW MARK ASSOCIATES LIMITED→ 14399951 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANDREW STREET WEALTH MANAGEMENT LIMITED→ 09982378 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ANDY FENNELL CONSULTING LTD→ 09599348 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ANGIRAF LIMITED→ 14142970 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANGLO CONSULTING GROUP LTD→ 10522745 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ANIA FINANCIAL CONSULTING LIMITED→ 12428958 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ANIMAL DYNAMICS LIMITED→ 09371413 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated1992-03-19
Jurisdictionengland-wales
Primary SIC74902 — Quantity surveying activities
Registered office
10 Beech Court
Hurst
Reading
RG10 0RQ
England
Filing status
Accounts
Next due: 2028-01-05
Last made up to: 2026-04-05
Confirmation statement
Next due: 2027-04-02
Last: 2026-03-19
Officers (1 active · 7 resigned)
PAY, Jonathan William→
Activedirector · ~43y · appointed 2023-04-25
View their other companies + combined net worth →
MAIDMENT, Richard Lee→
Resignedsecretary · appointed 2001-07-17 · resigned 2010-11-20
PAY, Eve Janet→
Resignedsecretary · appointed 1992-03-19 · resigned 1997-01-15
PHILPIN, Frederick William→
Resignedsecretary · appointed 1997-01-16 · resigned 2001-06-01
ELK COMPANY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-03-19 · resigned 1992-03-19
FRANCIS, Carly→
Resigneddirector · ~51y · appointed 2017-03-20 · resigned 2023-04-25
PAY, Adam George→
Resigneddirector · ~73y · appointed 1992-03-19 · resigned 2023-04-25
ELK (NOMINEES) LIMITED→
Resignedcorporate-nominee-director · appointed 1992-03-19 · resigned 1992-03-19
Click a director name to see their full track record across all companies.
Recent filings (105 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
change-person-director-company-with-change-date
officers · CH01
2026-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-27
termination-director-company-with-name-termination-date
officers · TM01
2023-05-18
termination-director-company-with-name-termination-date
officers · TM01
2023-05-18
appoint-person-director-company-with-name-date
officers · AP01
2023-05-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-27