ADAM UPHOLSTERY LIMITED

🌳Matureactive
03814338 · ltd · incorporated 1999-07-27
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-82.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.7y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 24.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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)
Negative net assets
Liabilities exceed assets by £82,292

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£82k
↓ 46% YoY
Current Assets
£70k
↓ 35% YoY
Current Liabilities
—
-£82k-£44k-£6k£31k£69k£107kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-68.1k£-32.2k
Current assets£69.9k£107.3k
Net assets£-82.3k£-56.3k

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
1
filing
  • • 1 address
Last 180 days
2
filings
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-02-06
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  11. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-04-05
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2017-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-08-07
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  15. 2017-08-07
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  16. 2001-08-30
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  17. 1999-07-27
    🏢
    Company incorporated
    As ADAM UPHOLSTERY LIMITED
  18. 1999-07-27
    ➕
    BANGI, Rabia appointed
    secretary
  19. 1999-07-27
    ➕
    BANGI, Abdul appointed
    director
  20. 1999-07-27
    ➕
    BANGI, Rabia appointed
    director

Owner dependency

91/100
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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 Abdul Bangi
Individual · British · DOB 05/1958 · age 68
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence01/07/2016

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
Incorporated1999-07-27
Jurisdictionengland-wales
Primary SIC31090 — Manufacture of other furniture

Registered office

Jeyson Works
Carlisle Street
Blackburn
Lancashire
BB1 1DJ
England

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11

Officers (3 active · 0 resigned)

BANGI, Rabia→
secretary · appointed 1999-07-27
View their other companies + combined net worth →
Active
BANGI, Abdul→
director · ~68y · appointed 1999-07-27
View their other companies + combined net worth →
Active
BANGI, Rabia→
director · ~59y · appointed 1999-07-27
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property30/08/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-24