ADAPT (NORTH EAST)

🌳Matureactive

03604980 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-07-28

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 86-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 19.0y

35/100

too messy

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

· Oldest live charge is 19.0 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

31 officers (8 active, 31 linked, 29 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

127 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	35

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (81 events)Click to expand

2026-05-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-30
➖
MAGINN, Patricia resigned
director
2025-12-17
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-12-31
➕
CLARKE, George Dennis appointed
director
2023-12-06
📄
accounts-with-accounts-type-group
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-group
accounts · AA
2021-10-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-02
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-01
🔓
Charge satisfied #3
2020-05-01
🔓
Charge satisfied #2
2020-05-01
🔓
Charge satisfied #1
2020-04-28
🔒
Charge registered #5
Lender: The Charity Bank Limited
2020-04-28
🔒
Charge registered #4
Lender: The Charity Bank Limited
2019-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-11-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-11-14
➖
MAKIN, Margaret Louise resigned
director
2018-09-09
➖
RENWICK, Gillian resigned
director
2017-09-06
➕
BRIGGS, Michael appointed
director
2017-09-06
➕
OSTLER, Mavis Anne appointed
director
2017-09-06
➕
RENWICK, Gillian appointed
director
2017-05-02
➖
BROOKS, Anne Irene resigned
director
2017-03-01
➖
LEE, Richard Edward James resigned
director
2015-12-09
➕
BROOKS, Anne Irene appointed
director
2014-09-29
➖
ETTON, Maureen resigned
director
2014-08-29
➖
CLARKE, George resigned
director
2014-01-22
🔒
Charge registered #3
Lender: Big Issue Invest Limited
2010-06-09
➕
BISHOP, Anne Marie appointed
director
2010-05-06
➖
STRAKER, Henry resigned
director
2010-01-20
🔒
Charge registered #2
Lender: The Community Loan Fund for the North East (A Sub Fund of the Social Enterprise Loan Fund)
2009-02-13
➖
BROWN, Michael resigned
director
2008-04-28
➖
BUTLER, Jayne Ruth resigned
director
2008-04-14
➕
CLARKE, George appointed
director
2008-03-03
➕
PRUDHOE, Elizabeth Anne appointed
secretary
2008-02-29
➖
THEOBALDS, Rosemary Eileen resigned
secretary
2008-02-11
➕
THEOBALDS, Rosemary Eileen appointed
director
2007-06-15
🔒
Charge registered #1
Lender: The Community Loan Fund for the North East (A Sub-Fund of the Local Investment Fund)
2006-07-07
➕
STRAKER, Henry appointed
director
2006-03-06
➕
HERSHON, Lorraine appointed
director
2006-01-30
➖
EWART, Elizabeth resigned
director
2005-10-03
➕
STEVENSON, Anita Louise appointed
director

Showing most recent 50 of 81 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

80/100

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 86 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
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.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Lorraine Hershon Individual · British · DOB 01/1966 · age 60	—	—	board controlboard control · trust interest	07/04/2016

1 historic (ceased) PSC

Ms Patricia Maginnceased 28/07/2021· board control · trust interest

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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ADVANCED PACKAGING MATERIALS LIMITED→ 03221709 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
ADVANCED WALLSEND TEST CENTRE LTD→ 09141965 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ADVICE4BUSINESS NORTH EAST LTD→ 08787330 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
AE EUROPE LIMITED→ 04964813 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1998-07-28

Jurisdictionengland-wales

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Old Highways Depot

Burn Lane

Hexham

Northumberland

NE46 3HN

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-02

Last: 2025-07-19