ADRAWELL LIMITED

💤Zombieactive
02783164 · ltd · incorporated 1993-01-25
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
£6.1k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 67). 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).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 33.2y

30/100
under pressure

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

  • · Oldest live charge is 33.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,054

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
Net Worth
£6k
Current Assets
£11k
Current Liabilities
£0£2k£5k£7k£9k£11kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-292024-03-29
Total assets£6.1k
Current assets£11.3k
Cash£7.4k
Debtors£3.8k
Net assets£6.1k
Average employees200

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-04-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-04-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2025-04-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2025-04-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-04-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-01-30
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2024-01-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-01-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2024-01-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2024-01-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2024-01-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-12-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2022-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2022-03-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2022-01-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2021-12-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  21. 2019-05-22
    🔓
    Charge satisfied #3
  22. 2019-05-10
    🔓
    Charge satisfied #2
  23. 2012-08-24
    🔓
    Charge satisfied #1
  24. 2012-08-20
    🔒
    Charge registered #3
    Lender: Aldermore Bank PLC
  25. 2012-08-20
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  26. 2012-07-31
    MCVANN, Alison appointed
    secretary
  27. 2012-07-31
    SIMON, David Paul appointed
    director
  28. 2012-07-31
    SCARLETT SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  29. 2012-07-31
    ELLIS, Richard Damian resigned
    director
  30. 2009-08-28
    SCARLETT SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  31. 2009-08-27
    BHALLA, Rukesh Kumar resigned
    secretary
  32. 2009-08-27
    SIMON, David resigned
    director
  33. 2009-08-07
    ELLIS, Richard Damian appointed
    director
  34. 1993-04-22
    🔒
    Charge registered #1
    Lender: Tollington Estates Limited
  35. 1993-01-25
    🏢
    Company incorporated
    As ADRAWELL LIMITED
  36. 1993-01-25
    BHALLA, Rukesh Kumar appointed
    secretary
  37. 1993-01-25
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  38. 1993-01-25
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  39. 1993-01-25
    SIMON, David appointed
    director
  40. 1993-01-25
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  41. 1993-01-25
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

90/100
Critical — business is the founder

The 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.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 33 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

Harleon Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Harleon Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
ADRAWELL LIMITED
This company · 02783164

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
Harleon Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
2 historic (ceased) PSCs
  • Ms Alison Jane Simonceased 21/03/2022· significant influence
  • Mr David Simonceased 01/01/2017· significant influence

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

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
Incorporated1993-01-25
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

17-19 Park Street
Lytham St. Annes
FY8 5LU
England

Filing status

Accounts
Next due: 2026-12-29
Last made up to: 2025-03-29
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24

Officers (2 active · 6 resigned)

MCVANN, Alison
secretary · appointed 2012-07-31
View their other companies + combined net worth →
Active
SIMON, David Paul
director · ~67y · appointed 2012-07-31
View their other companies + combined net worth →
Active
BHALLA, Rukesh Kumar
secretary · appointed 1993-01-25 · resigned 2009-08-27
Resigned
SCARLETT SECRETARIAL SERVICES LIMITED
corporate-secretary · appointed 2009-08-28 · resigned 2012-07-31
Resigned
WATERLOW SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1993-01-25 · resigned 1993-01-25
Resigned
ELLIS, Richard Damian
director · ~70y · appointed 2009-08-07 · resigned 2012-07-31
Resigned
SIMON, David
director · ~67y · appointed 1993-01-25 · resigned 2009-08-27
Resigned
WATERLOW NOMINEES LIMITED
corporate-nominee-director · appointed 1993-01-25 · resigned 1993-01-25
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Aldermore
Aldermore Bank PLC
Debenture1 property20/08/201222/05/2019
satisfied
Aldermore
Aldermore Bank PLC
Mortgage1 property20/08/201210/05/2019
satisfied
Tollington Estates
Tollington Estates Limited
Legal charge1 property22/04/199324/08/2012

Recent filings (130 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-09
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-19
change-person-director-company-with-change-date
officers · CH01
2025-04-16
change-person-secretary-company-with-change-date
officers · CH03
2025-04-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-16
gazette-notice-compulsory
gazette · GAZ1
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
change-person-secretary-company-with-change-date
officers · CH03
2024-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-24
change-person-director-company-with-change-date
officers · CH01
2024-01-24
change-person-secretary-company-with-change-date
officers · CH03
2024-01-24