CADES LIMITED

💤Zombieactive

03278735 · ltd · incorporated 1996-11-15

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

—

not disclosed

Net worth

—

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 28250

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 22.2y

30/100

under pressure

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

· Oldest live charge is 22.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

14 officers (1 active, 14 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

10 connected companies via shared directors

Filing history

132 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2026-03-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-01-27
➕
JOPPI, René appointed
director
2025-01-27
➖
STANSFIELD, James Richard resigned
director
2025-01-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-03-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-03-01
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-03-09
📄
accounts-with-accounts-type-small
accounts · AA
2020-11-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-11-11
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2020-08-03
📄
accounts-with-accounts-type-small
accounts · AA
2019-10-10
➖
RHODES, Stephen resigned
director
2019-10-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-05-15
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-02-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-02-04
🔓
Charge satisfied #3
2019-01-31
➖
OLDFIELD, Christopher resigned
director
2019-01-31
➖
OLDFIELD, Philip resigned
director
2019-01-31
➕
STANSFIELD, James Richard appointed
director
2015-06-02
🔓
Charge satisfied #2
2015-01-16
➖
RHODES, Helen resigned
secretary
2015-01-16
➕
OLDFIELD, Christopher appointed
director
2015-01-16
➕
OLDFIELD, Philip appointed
director
2015-01-16
➖
RHODES, Helen resigned
director
2015-01-16
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2015-01-14
🔓
Charge satisfied #1
2014-02-04
➕
RHODES, Helen appointed
director
2012-11-29
🔒
Charge registered #2
Lender: Lloyds Tsb Commercial Finance Limited
2004-05-18
➕
RHODES, Helen appointed
secretary
2004-05-18
➖
WATSON, James Stuart resigned
secretary
2004-05-18
➖
WATSON, James Stuart resigned
director
2004-05-18
🔒
Charge registered #1
Lender: National Westminster Bank PLC
1998-06-01
➖
RHODES, Helen resigned
secretary
1998-06-01
➕
WATSON, James Stuart appointed
secretary
1998-01-01
➕
WATSON, James Stuart appointed
director
1996-12-10
➕
BINGLE, Timothy Mark appointed
secretary
1996-12-10
➖
BINGLE, Timothy Mark resigned
secretary
1996-12-10
➕
RHODES, Helen appointed
secretary
1996-12-10
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
1996-12-10
➕
MILNE, Stephen Andrew Austen appointed
director
1996-12-10
➖
MILNE, Stephen Andrew Austen resigned
director
1996-12-10
➕
RHODES, Stephen appointed
director
1996-12-10
➖
WATERLOW NOMINEES LIMITED resigned
corporate-nominee-director
1996-11-15
🏢
Company incorporated
As CADES LIMITED

Showing most recent 50 of 52 events

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

Dust Control Systems Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Dust Control Systems Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

CADES LIMITED

This company · 03278735

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Dust Control Systems Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

4 historic (ceased) PSCs

Cades (Holdings) Limitedceased 22/10/2019· 25-50% shares · 25-50% voting
Mr Christopher Oldfieldceased 06/04/2016· significant influence
Mr Philip Oldfieldceased 06/04/2016· significant influence
Mr Stephen Rhodesceased 06/04/2016· 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 →

Similar companies

Active · Manufacturing · TF postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLOOMBELLE LIMITED→ 08343585 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BOXWAY GROUP HOLDINGS LIMITED→ 13239629 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
BROSELEY TECHNICAL SERVICES LIMITED→ 06842603 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
BSA AVIATION LTD→ 17128058 · est 2026 · no financials extracted	—	—	—	—	—	—	—
BUSCH (UK) LIMITED→ 01007314 · est 1971 · no financials extracted	—	—	—	—	55y	—	—
C D S (UK) LIMITED→ 07535806 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
C.E. PROJECTS LIMITED→ 05162141 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
CABLECADDY LIMITED→ 04576484 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
CAPEX PROCUREMENT LIMITED→ 07208656 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
CAPS FABRICATIONS LIMITED→ 12241324 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
CAPS INSTALLATION SERVICES LIMITED→ 12241514 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
CAPS SYSTEMS LIMITED→ 06215179 · est 2007 · no financials extracted	—	—	—	—	19y	—	—

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

Incorporated1996-11-15

Jurisdictionengland-wales

Primary SIC28250 — SIC 28250

Registered office

Telford 54 Business Park

Nedge Hill

Telford

Shropshire

TF3 3AL

England

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-10-27

Last: 2025-10-13

Officers (1 active · 13 resigned)

JOPPI, René→

director · ~39y · appointed 2025-01-27

View their other companies + combined net worth →

Active

BINGLE, Timothy Mark→

secretary · appointed 1996-12-10 · resigned 1996-12-10

Resigned

RHODES, Helen→

secretary · appointed 2004-05-18 · resigned 2015-01-16

Resigned

RHODES, Helen→

secretary · appointed 1996-12-10 · resigned 1998-06-01

Resigned

WATSON, James Stuart→

secretary · appointed 1998-06-01 · resigned 2004-05-18

Resigned

WATERLOW SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1996-11-15 · resigned 1996-12-10

Resigned

MILNE, Stephen Andrew Austen→

director · ~64y · appointed 1996-12-10 · resigned 1996-12-10

Resigned

OLDFIELD, Christopher→

director · ~62y · appointed 2015-01-16 · resigned 2019-01-31

Resigned

OLDFIELD, Philip→

director · ~68y · appointed 2015-01-16 · resigned 2019-01-31

Resigned

RHODES, Helen→

director · ~61y · appointed 2014-02-04 · resigned 2015-01-16

Resigned

RHODES, Stephen→

director · ~64y · appointed 1996-12-10 · resigned 2019-10-10

Resigned

STANSFIELD, James Richard→

director · ~52y · appointed 2019-01-31 · resigned 2025-01-27

Resigned

WATSON, James Stuart→

director · ~80y · appointed 1998-01-01 · resigned 2004-05-18

Resigned

WATERLOW NOMINEES LIMITED→

corporate-nominee-director · appointed 1996-11-15 · resigned 1996-12-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	National Westminster Bank National Westminster Bank PLC	A registered charge	—	16/01/2015	04/02/2019
satisfied	Lloyds Banking Group Lloyds Tsb Commercial Finance Limited	All assets debenture	1 property	29/11/2012	02/06/2015
satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	18/05/2004	14/01/2015

Recent filings (132 total)

accounts-with-accounts-type-dormant

accounts · AA

2026-03-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-13

accounts-with-accounts-type-dormant

accounts · AA

2025-02-20

termination-director-company-with-name-termination-date

officers · TM01

2025-01-27

appoint-person-director-company-with-name-date

officers · AP01

2025-01-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-10-16

accounts-with-accounts-type-dormant

accounts · AA

2024-04-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-16

accounts-with-accounts-type-dormant

accounts · AA

2023-03-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-10-13

accounts-with-accounts-type-dormant

accounts · AA

2022-03-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-11-04

accounts-with-accounts-type-small

accounts · AA

2021-03-09

confirmation-statement-with-updates

confirmation-statement · CS01

2020-11-17

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2020-11-11