ADAMS GOLD LIMITED

💤Zombieactive
03178259 · ltd · incorporated 1996-03-26
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 Aug 2025
Net worth
£1.21M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 32120
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 67). 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 (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 28.7y

15/100
under pressure

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

  • · Oldest live charge is 28.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 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
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,209,565
Cash YoY
+83%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£206k
↑ 83% YoY
Net Worth
£1.2m
↑ 24% YoY
Current Assets
£1.5m
↑ 35% YoY
Current Liabilities
—
£0£300k£599k£899k£1.2m£1.5mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Total assets£1.21M£985.7k
Current assets£1.50M£1.11M
Cash£206.1k£112.4k
Debtors£260.3k£169.2k
Net assets£1.21M£978.7k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-22
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2022-02-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-02-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2021-05-21
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  12. 2020-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-05-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2018-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-06-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2018-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-03-15
    🔒
    Charge registered #3
    Lender: Lloyds Bank Commercial Finance LTD
  19. 2018-03-14
    🔓
    Charge satisfied #1
  20. 2016-01-21
    ➖
    ORFANIDES, Christa resigned
    secretary
  21. 2013-12-04
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  22. 2006-07-07
    ➖
    AMIRI, Walid resigned
    director
  23. 2006-07-07
    ➖
    COLLINS, Paul Clive resigned
    director
  24. 1997-09-08
    🔒
    Charge registered #1
    Lender: The Cyprus Popular Bank LTD
  25. 1997-03-07
    ➕
    AMIRI, Walid appointed
    director
  26. 1997-03-07
    ➕
    COLLINS, Paul Clive appointed
    director
  27. 1996-04-12
    ➕
    GEORGIOU, Adamos Eleftheriou appointed
    director
  28. 1996-04-12
    ➕
    ORFANIDES, Christa appointed
    secretary
  29. 1996-04-12
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  30. 1996-04-12
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director
  31. 1996-03-26
    🏢
    Company incorporated
    As ADAMS GOLD LIMITED
  32. 1996-03-26
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  33. 1996-03-26
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
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.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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

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 Adamos Eleftheriou Georgiou
Individual · British · DOB 08/1959 · age 67
75–100%
75–100%board control75-100% shares · 75-100% voting · board control21/01/2017

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
Incorporated1996-03-26
Jurisdictionengland-wales
Primary SIC32120 — SIC 32120

Registered office

C/O Hns Accountants Ltd
79 College Road
Harrow
HA1 1BD
United Kingdom

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (1 active · 5 resigned)

GEORGIOU, Adamos Eleftheriou→
director · ~67y · appointed 1996-04-12
View their other companies + combined net worth →
Active
ORFANIDES, Christa→
secretary · appointed 1996-04-12 · resigned 2016-01-21
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1996-03-26 · resigned 1996-04-12
Resigned
AMIRI, Walid→
director · ~63y · appointed 1997-03-07 · resigned 2006-07-07
Resigned
COLLINS, Paul Clive→
director · ~71y · appointed 1997-03-07 · resigned 2006-07-07
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 1996-03-26 · resigned 1996-04-12
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge—15/03/2018—
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property04/12/2013—
satisfied
The Cyprus Popular Bank
The Cyprus Popular Bank LTD
Debenture1 property08/09/199714/03/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-24
change-account-reference-date-company-previous-extended
accounts · AA01
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-05-29