ADAM DEVELOPMENTS (MIDLANDS) LIMITED

🌳Matureactive

03216654 · ltd · incorporated 1996-06-25

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 Mar 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

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 60). 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

8 live charges · 3 lenders · oldest 27.6y

35/100

too messy

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

· Oldest live charge is 27.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

10 officers (3 active, 10 linked, 4 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

17 connected companies via shared directors

Filing history

116 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	2	200

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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 3 officers

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2026-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-25
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-25
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-07
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-10-25
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-10-25
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-06-26
➕
ASMAL, Nazir Adam appointed
secretary
2019-06-26
➖
BRUCE, Robert John Willans resigned
secretary
2018-12-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2017-12-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-06-26
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2006-01-26
🔒
Charge registered #8
Lender: Svenska Handelsbanken Ab (Publ)
2005-03-11
🔓
Charge satisfied #5
2005-03-11
🔓
Charge satisfied #4
2005-03-11
🔓
Charge satisfied #3
2005-03-11
🔓
Charge satisfied #2
2005-03-11
🔓
Charge satisfied #1
2005-01-10
🔒
Charge registered #7
Lender: Svenska Handelsbanken Ab (Publ)
2005-01-10
🔒
Charge registered #6
Lender: Svenska Handelsbanken Ab (Publ)
2004-06-08
➕
ASMAL, Sahid appointed
director
2002-07-05
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2001-09-04
🔒
Charge registered #4
Lender: National Westminster Bank PLC
2001-09-04
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2000-11-02
🔒
Charge registered #2
Lender: Barclays Bank PLC
2000-06-01
➕
BRUCE, Robert John Willans appointed
secretary
2000-06-01
➖
MORRELL, Eric Richard resigned
secretary
1998-11-25
🔒
Charge registered #1
Lender: National Westminster Bank PLC
1998-02-03
➖
ASMAL, Sahid resigned
secretary
1998-02-03
➕
MORRELL, Eric Richard appointed
secretary
1998-02-03
➖
ASMAL, Sahid resigned
director
1996-11-15
➖
DE SOUSA, Francisco De Assis resigned
director
1996-06-25
🏢
Company incorporated
As ADAM DEVELOPMENTS (MIDLANDS) LIMITED
1996-06-25
➕
ASMAL, Nazir Adam appointed
director
1996-06-25
➕
ASMAL, Sahid appointed
secretary
1996-06-25
➕
JPCORS LIMITED appointed
corporate-nominee-secretary
1996-06-25
➖
JPCORS LIMITED resigned
corporate-nominee-secretary
1996-06-25
➕
ASMAL, Sahid appointed
director
1996-06-25
➕
DE SOUSA, Francisco De Assis appointed
director
1996-06-25
➕
JPCORD LIMITED appointed
corporate-nominee-director
1996-06-25
➖
JPCORD LIMITED resigned
corporate-nominee-director

Owner dependency

84/100

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 30 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

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

3 corporate shareholders identified. Group structure is distributed.

🏛️

Adam Group (Holdings) Ltd

Corporate parent

🏛️

Adam Group (Holdings) Ltd

Corporate parent · holds 75-100% shares

ultimate parent

🏛️

Adam Group (Holdings) Ltd

Corporate parent · board control

⬇

ADAM DEVELOPMENTS (MIDLANDS) LIMITED

This company · 03216654

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Adam Group (Holdings) Ltd Corporate entity	—	75–100%	75-100% voting	06/04/2016
Adam Group (Holdings) Ltd Corporate entity	75–100%	—	75-100% shares	06/04/2016
Adam Group (Holdings) Ltd Corporate entity	—	—	board controlboard control	06/04/2016

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 →

Similar companies

Active · Construction · NG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A CURRAN ELECTRICAL SERVICES LIMITED→ 10310524 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
A D BACON PLASTERING LIMITED→ 06343633 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
A.D.E REGENERATION PROPERTIES LTD→ 13504481 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
A&D RIVIERA LTD→ 15577140 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AC KING LTD→ 15059994 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACE INSTALLATIONS LTD→ 10388879 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ACKROYD CONSTRUCTION LIMITED→ 16417056 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AD PERRY ELECTRICAL LTD→ 13254310 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ADAM FOX PLANT HIRE & CONTRACTORS LIMITED→ 11917059 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
ADANE CONSTRUCTION LTD→ 17108433 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ADAPT BUILDING & REPAIR SERVICES LTD→ 13037611 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ADBROOKE DEVELOPMENTS LTD→ 15898574 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated1996-06-25

Jurisdictionengland-wales

Primary SIC41100 — Development of building projects

Registered office

C/O Higson & Co White House

Clarendon Street

Nottingham

Nottinghamshire

NG1 5GF

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-15

Last: 2025-10-01

Officers (3 active · 7 resigned)

ASMAL, Nazir Adam→

secretary · appointed 2019-06-26

View their other companies + combined net worth →

Active

ASMAL, Nazir Adam→

director · ~60y · appointed 1996-06-25

View their other companies + combined net worth →

Active

ASMAL, Sahid→

director · ~59y · appointed 2004-06-08

View their other companies + combined net worth →

Active

ASMAL, Sahid→

secretary · appointed 1996-06-25 · resigned 1998-02-03

Resigned

BRUCE, Robert John Willans→

secretary · appointed 2000-06-01 · resigned 2019-06-26

Resigned

MORRELL, Eric Richard→

secretary · appointed 1998-02-03 · resigned 2000-06-01

Resigned

JPCORS LIMITED→

corporate-nominee-secretary · appointed 1996-06-25 · resigned 1996-06-25

Resigned

ASMAL, Sahid→

director · ~59y · appointed 1996-06-25 · resigned 1998-02-03

Resigned

DE SOUSA, Francisco De Assis→

director · ~71y · appointed 1996-06-25 · resigned 1996-11-15

Resigned

JPCORD LIMITED→

corporate-nominee-director · appointed 1996-06-25 · resigned 1996-06-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Svenska Handelsbanken Ab (Publ)	Memorandum of security over cash deposits	1 property	26/01/2006	—
outstanding	Svenska Handelsbanken Ab (Publ)	Debenture	1 property	10/01/2005	—
outstanding	Svenska Handelsbanken Ab (Publ)	Legal mortgage	1 property	10/01/2005	—
satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	05/07/2002	11/03/2005
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	04/09/2001	11/03/2005
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	04/09/2001	11/03/2005
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	02/11/2000	11/03/2005
satisfied	National Westminster Bank National Westminster Bank PLC	Legal mortgage	1 property	25/11/1998	11/03/2005

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

change-person-director-company-with-change-date

officers · CH01

2026-04-29

change-person-director-company-with-change-date

officers · CH01

2026-01-25

change-person-secretary-company-with-change-date

officers · CH03

2026-01-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-19