ADAM ESTATES LIMITED

🌳Matureactive
02921101 · ltd · incorporated 1994-04-15
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

10 live charges · 3 lenders · oldest 32.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 32.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees200200

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2026-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-26
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  3. 2025-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-27
    📄
    memorandum-articles
    incorporation · MA
  5. 2024-10-27
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2024-10-24
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2023-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-07
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2023-08-07
    📄
    memorandum-articles
    incorporation · MA
  10. 2023-08-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2023-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-07-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-07-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-12-02
    📄
    capital-name-of-class-of-shares
    capital · SH08
  17. 2020-11-13
    📄
    capital-alter-shares-subdivision
    capital · SH02
  18. 2020-11-13
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2020-11-13
    📄
    memorandum-articles
    incorporation · MA
  20. 2016-10-10
    🔓
    Charge satisfied #10
  21. 2016-10-10
    🔓
    Charge satisfied #9
  22. 2016-10-10
    🔓
    Charge satisfied #8
  23. 2016-10-10
    🔓
    Charge satisfied #7
  24. 2016-10-10
    🔓
    Charge satisfied #6
  25. 2016-10-10
    🔓
    Charge satisfied #5
  26. 2016-10-10
    🔓
    Charge satisfied #4
  27. 2003-06-17
    🔒
    Charge registered #10
    Lender: Northern Rock PLC
  28. 2003-04-09
    🔒
    Charge registered #9
    Lender: Northern Rock PLC
  29. 2001-09-18
    🔒
    Charge registered #8
    Lender: Northern Rock PLC
  30. 1999-07-16
    🔒
    Charge registered #7
    Lender: Northern Rock PLC
  31. 1997-10-10
    🔒
    Charge registered #6
    Lender: Northern Rock PLC
  32. 1997-03-24
    🔒
    Charge registered #5
    Lender: Northern Rock Building Society
  33. 1997-01-10
    🔓
    Charge satisfied #3
  34. 1997-01-10
    🔓
    Charge satisfied #2
  35. 1997-01-10
    🔓
    Charge satisfied #1
  36. 1996-11-07
    🔒
    Charge registered #4
    Lender: Northern Rock Building Society
  37. 1995-07-07
    🔒
    Charge registered #3
    Lender: The Co-Operative Bank PLC
  38. 1994-05-19
    🔒
    Charge registered #2
    Lender: The Co-Operative Bank PLC
  39. 1994-05-19
    🔒
    Charge registered #1
    Lender: The Co-Operative Bank PLC
  40. 1994-04-15
    🏢
    Company incorporated
    As ADAM ESTATES LIMITED
  41. 1994-04-15
    ➕
    SPENCE, Howard James appointed
    secretary
  42. 1994-04-15
    ➕
    FARR, Richard Peter appointed
    director
  43. 1994-04-15
    ➕
    SPENCE, Howard James appointed
    director
  44. 1994-04-15
    ➕
    LAWSON (LONDON) LIMITED appointed
    corporate-secretary
  45. 1994-04-15
    ➖
    LAWSON (LONDON) LIMITED resigned
    corporate-secretary
  46. 1994-04-15
    ➕
    GILL, Christopher Thomas appointed
    director
  47. 1994-04-15
    ➖
    GILL, Christopher Thomas resigned
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Richard Peter Farr
Individual · British · DOB 07/1954 · age 72
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1994-04-15
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Acre House
11-15 William Road
London
NW1 3ER

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-29
Last: 2026-04-15

Officers (3 active · 2 resigned)

SPENCE, Howard James→
secretary · appointed 1994-04-15
View their other companies + combined net worth →
Active
FARR, Richard Peter→
director · ~72y · appointed 1994-04-15
View their other companies + combined net worth →
Active
SPENCE, Howard James→
director · ~83y · appointed 1994-04-15
View their other companies + combined net worth →
Active
LAWSON (LONDON) LIMITED→
corporate-secretary · appointed 1994-04-15 · resigned 1994-04-15
Resigned
GILL, Christopher Thomas→
director · ~64y · appointed 1994-04-15 · resigned 1994-04-15
Resigned

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

Mortgages & charges

10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
Northern Rock
Northern Rock PLC
Charge1 property17/06/200310/10/2016
satisfied
Northern Rock
Northern Rock PLC
Charge3 properties09/04/200310/10/2016
satisfied
Northern Rock
Northern Rock PLC
Charge1 property18/09/200110/10/2016
satisfied
Northern Rock
Northern Rock PLC
Charge deed1 property16/07/199910/10/2016
satisfied
Northern Rock
Northern Rock PLC
Legal charge1 property10/10/199710/10/2016
satisfied
Northern Rock Building Society
Mortgage debenture1 property24/03/199710/10/2016
satisfied
Northern Rock Building Society
Mortgage debenture4 properties07/11/199610/10/2016
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property07/07/199510/01/1997
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property19/05/199410/01/1997
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Debenture1 property19/05/199410/01/1997

Recent filings (110 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-25
memorandum-articles
incorporation · MA
2024-10-27
resolution
resolution · RESOLUTIONS
2024-10-27
capital-name-of-class-of-shares
capital · SH08
2024-10-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-02
resolution
resolution · RESOLUTIONS
2023-08-07
memorandum-articles
incorporation · MA
2023-08-07
capital-name-of-class-of-shares
capital · SH08
2023-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-17