GRO PROPERTIES LIMITED

🌳Matureactive
03219304 · ltd · incorporated 1996-06-26
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£348.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 23.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 23.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
19 officers (4 active, 19 linked, 13 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
138 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
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 105 (micro)
Positive net assets
Net assets £347,981

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£348k
Current Assets
£384k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-30
Total assets£356.4k
Current assets£384.2k
Net assets£348.0k

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 (58 events)Click to expand
  1. 2025-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-03-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-03-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-05-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-05-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-01-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-01-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-01-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-04-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2022-03-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-11-02
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  16. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2020-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-03-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2020-03-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-03-03
    🔓
    Charge satisfied #2
  21. 2020-03-03
    🔓
    Charge satisfied #1
  22. 2013-01-23
    ➖
    ADCOCK, Ann Elizabeth resigned
    director
  23. 2011-01-05
    ➕
    DI PIERRI, Frances Mary Ann appointed
    secretary
  24. 2010-01-04
    ➖
    ADCOCK, Ann Elizabeth resigned
    secretary
  25. 2009-08-28
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  26. 2008-10-01
    ➕
    ADCOCK, Hedley John appointed
    director
  27. 2008-10-01
    ➕
    DI PIERRI, Frances Mary Ann appointed
    director
  28. 2003-02-25
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 2002-09-24
    ➕
    ADCOCK, Mark Hedley appointed
    director
  30. 2002-09-24
    ➕
    ADCOCK, Ann Elizabeth appointed
    secretary
  31. 2002-09-24
    ➖
    MAY, John Joseph resigned
    secretary
  32. 2002-09-24
    ➕
    ADCOCK, Ann Elizabeth appointed
    director
  33. 2002-09-24
    ➖
    DART, Geoffrey Gilbert resigned
    director
  34. 2002-09-24
    ➖
    KOMLOSY, Stephen Anton resigned
    director
  35. 2002-09-24
    ➖
    MAY, John Joseph resigned
    director
  36. 2001-08-24
    ➖
    GLASS, Colin resigned
    secretary
  37. 2001-08-24
    ➕
    MAY, John Joseph appointed
    secretary
  38. 2001-08-24
    ➕
    DART, Geoffrey Gilbert appointed
    director
  39. 2001-08-24
    ➖
    FIELDING, Geoffrey Baillie resigned
    director
  40. 2001-08-24
    ➖
    GLASS, Colin resigned
    director
  41. 2001-08-24
    ➕
    KOMLOSY, Stephen Anton appointed
    director
  42. 2001-08-24
    ➕
    MAY, John Joseph appointed
    director
  43. 2001-08-24
    ➖
    PRESLAND, Peter Eric resigned
    director
  44. 2001-08-24
    ➖
    SADLEIR, Ralph Andrew Mctavish resigned
    director
  45. 1997-08-18
    ➕
    GLASS, Colin appointed
    secretary
  46. 1997-08-18
    ➖
    WILLIAMS, Mark resigned
    secretary
  47. 1997-08-18
    ➕
    GLASS, Colin appointed
    director
  48. 1997-08-18
    ➖
    WILLIAMS, Mark resigned
    director
  49. 1996-09-24
    ➕
    SADLEIR, Ralph Andrew Mctavish appointed
    director
  50. 1996-09-24
    ➖
    STEDHAM, Gilbert Denis Coleridge resigned
    director
Showing most recent 50 of 58 events

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
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 73 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 24 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
NameSharesVoting rightsNature of controlNotified
Mr Mark Hedley Adcock
Individual · British · DOB 07/1953 · age 73
——sig. influencesignificant influence · trust interest · firm interest06/04/2016

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
Incorporated1996-06-26
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

27 Lombard Street
Lichfield
WS13 6DP
England

Filing status

Accounts
Next due: 2026-06-29
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (4 active · 15 resigned)

DI PIERRI, Frances Mary Ann→
secretary · appointed 2011-01-05
View their other companies + combined net worth →
Active
ADCOCK, Hedley John→
director · ~45y · appointed 2008-10-01
View their other companies + combined net worth →
Active
ADCOCK, Mark Hedley→
director · ~73y · appointed 2002-09-24
View their other companies + combined net worth →
Active
DI PIERRI, Frances Mary Ann→
director · ~42y · appointed 2008-10-01
View their other companies + combined net worth →
Active
ADCOCK, Ann Elizabeth→
secretary · appointed 2002-09-24 · resigned 2010-01-04
Resigned
GLASS, Colin→
secretary · appointed 1997-08-18 · resigned 2001-08-24
Resigned
MAY, John Joseph→
secretary · appointed 2001-08-24 · resigned 2002-09-24
Resigned
WILLIAMS, Mark→
secretary · appointed 1996-07-01 · resigned 1997-08-18
Resigned
MB SECRETARIES LIMITED→
corporate-secretary · appointed 1996-06-26 · resigned 1996-07-01
Resigned
ADCOCK, Ann Elizabeth→
director · ~73y · appointed 2002-09-24 · resigned 2013-01-23
Resigned
DART, Geoffrey Gilbert→
director · ~79y · appointed 2001-08-24 · resigned 2002-09-24
Resigned
FIELDING, Geoffrey Baillie→
director · ~84y · appointed 1996-06-26 · resigned 2001-08-24
Resigned
GLASS, Colin→
director · ~83y · appointed 1997-08-18 · resigned 2001-08-24
Resigned
KOMLOSY, Stephen Anton→
director · ~86y · appointed 2001-08-24 · resigned 2002-09-24
Resigned
MAY, John Joseph→
director · ~78y · appointed 2001-08-24 · resigned 2002-09-24
Resigned
PRESLAND, Peter Eric→
director · ~76y · appointed 1996-07-01 · resigned 2001-08-24
Resigned
SADLEIR, Ralph Andrew Mctavish→
director · ~85y · appointed 1996-09-24 · resigned 2001-08-24
Resigned
STEDHAM, Gilbert Denis Coleridge→
director · ~72y · appointed 1996-06-26 · resigned 1996-09-24
Resigned
WILLIAMS, Mark→
director · ~69y · appointed 1996-07-01 · resigned 1997-08-18
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property28/08/200903/03/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property25/02/200303/03/2020

Recent filings (138 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-27
change-person-director-company-with-change-date
officers · CH01
2025-03-13
change-person-director-company-with-change-date
officers · CH01
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
change-person-director-company-with-change-date
officers · CH01
2024-05-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-30
change-person-director-company-with-change-date
officers · CH01
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-12
change-person-director-company-with-change-date
officers · CH01
2023-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-10