ADRIA NAFTA TRADING LTD

⚰️Wound downdissolved
03462350 · ltd · incorporated 1997-11-07
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
12 officers (2 active, 12 linked, 7 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2024-04-09
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2024-04-09
    🏁
    Company dissolved
  3. 2024-01-23
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2023-01-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-08-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-07-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-06-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-03-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-07-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2017-11-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2017-09-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2017-08-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-07-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-11-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2014-11-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-04-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2013-11-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-11-19
    📄
    appoint-person-director-company-with-name
    officers · AP01
  20. 2013-11-01
    ➕
    DORCH BUSSELMANN, Karin appointed
    director
  21. 2012-11-01
    ➖
    DORCH BUSSELMANN, Karin resigned
    secretary
  22. 2012-11-01
    ➖
    DORCH BUSSELMANN, Karin resigned
    director
  23. 2012-11-01
    ➖
    JANJIC, Zeljko resigned
    director
  24. 2004-06-09
    ➕
    DORCH BUSSELMANN, Karin appointed
    secretary
  25. 2004-06-09
    ➖
    DRORIAN, Michael resigned
    secretary
  26. 2004-06-09
    ➕
    DORCH BUSSELMANN, Karin appointed
    director
  27. 2004-03-02
    ➕
    JANJIC, Zeljko appointed
    director
  28. 1998-07-06
    ➕
    DRORIAN, Michael appointed
    secretary
  29. 1998-07-06
    ➖
    SOLTANI, Amil resigned
    secretary
  30. 1998-05-13
    ➕
    BUSSELMANN, Karl Joachim appointed
    director
  31. 1998-05-13
    ➖
    KISACIK, Sevgi resigned
    director
  32. 1997-12-10
    ➖
    JAVADI, Ali resigned
    secretary
  33. 1997-12-10
    ➕
    SOLTANI, Amil appointed
    secretary
  34. 1997-12-10
    ➕
    KISACIK, Sevgi appointed
    director
  35. 1997-12-10
    ➖
    SOLTANI, Amir resigned
    director
  36. 1997-11-07
    🏢
    Company incorporated
    As ADRIA NAFTA TRADING LTD
  37. 1997-11-07
    ➕
    JAVADI, Ali appointed
    secretary
  38. 1997-11-07
    ➕
    CHANCERY BUSINESS COMMUNICATIONS LIMITED appointed
    corporate-nominee-secretary
  39. 1997-11-07
    ➖
    CHANCERY BUSINESS COMMUNICATIONS LIMITED resigned
    corporate-nominee-secretary
  40. 1997-11-07
    ➕
    COWAN, Stanford Russell appointed
    nominee-director
  41. 1997-11-07
    ➖
    COWAN, Stanford Russell resigned
    nominee-director
  42. 1997-11-07
    ➕
    SOLTANI, Amir appointed
    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 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — 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 85 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 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-04-09

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Karl Joachim Busselmann
Individual · German · DOB 05/1941 · age 85
25–50%
—25-50% shares01/05/2016
Karin Dorch Busselmann
Individual · Swedish · DOB 07/1945 · age 81
25–50%
—25-50% shares01/05/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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

Statusdissolved
Typeltd
Incorporated1997-11-07
Jurisdictionengland-wales
Primary SIC09100 — SIC 09100

Registered office

46 Nova Road
Croydon
CR0 2TL
England

Filing status

Accounts
Next due: —
Last made up to: 2022-11-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 10 resigned)

BUSSELMANN, Karl Joachim→
director · ~85y · appointed 1998-05-13
View their other companies + combined net worth →
Active
DORCH BUSSELMANN, Karin→
director · ~81y · appointed 2013-11-01
View their other companies + combined net worth →
Active
DORCH BUSSELMANN, Karin→
secretary · appointed 2004-06-09 · resigned 2012-11-01
Resigned
DRORIAN, Michael→
secretary · appointed 1998-07-06 · resigned 2004-06-09
Resigned
JAVADI, Ali→
secretary · appointed 1997-11-07 · resigned 1997-12-10
Resigned
SOLTANI, Amil→
secretary · appointed 1997-12-10 · resigned 1998-07-06
Resigned
CHANCERY BUSINESS COMMUNICATIONS LIMITED→
corporate-nominee-secretary · appointed 1997-11-07 · resigned 1997-11-07
Resigned
COWAN, Stanford Russell→
nominee-director · ~90y · appointed 1997-11-07 · resigned 1997-11-07
Resigned
DORCH BUSSELMANN, Karin→
director · ~81y · appointed 2004-06-09 · resigned 2012-11-01
Resigned
JANJIC, Zeljko→
director · ~64y · appointed 2004-03-02 · resigned 2012-11-01
Resigned
KISACIK, Sevgi→
director · ~59y · appointed 1997-12-10 · resigned 1998-05-13
Resigned
SOLTANI, Amir→
director · ~65y · appointed 1997-11-07 · resigned 1997-12-10
Resigned

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

Recent filings (87 total)

gazette-dissolved-compulsory
gazette · GAZ2
2024-04-09
gazette-notice-compulsory
gazette · GAZ1
2024-01-23
accounts-with-accounts-type-dormant
accounts · AA
2023-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-dormant
accounts · AA
2022-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-17
accounts-with-accounts-type-dormant
accounts · AA
2021-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-19
accounts-with-accounts-type-dormant
accounts · AA
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-04
accounts-with-accounts-type-dormant
accounts · AA
2019-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-01
accounts-with-accounts-type-dormant
accounts · AA
2018-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-11-13