ADAPT IT RECRUITMENT LIMITED
💤Zombieactive
03836170 · ltd · incorporated 1999-09-03
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
—
year to Sept 2025
Net worth
£49.9k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
ALSO REGISTERED FOR
- 78200Temporary employment agency activities
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 24.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
67 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 · accounting standard not declaredPositive net assets
Net assets £49,891
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£50k
↑ 4.2% YoY
Current Assets
£121k
↓ 47% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £49.9k | £47.9k |
| Current assets | £120.5k | £226.2k |
| Net assets | £49.9k | £47.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-01-15📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2026-01-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-06-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-09-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-08📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2011-05-28🔓Charge satisfied #1
- 2009-07-03🔒Charge registered #4Lender: Bond Estates Limited
- 2005-06-10🔒Charge registered #3Lender: Close Invoice Finance Limited
- 2005-03-24🔒Charge registered #2Lender: Bond Estates Limited
- 2002-06-19🔒Charge registered #1Lender: National Westminster Bank PLC
- 2000-06-16➕KING, Michael John appointeddirector
- 2000-06-16➖LAKE, Simon Geoffrey resigneddirector
- 1999-09-03🏢Company incorporatedAs ADAPT IT RECRUITMENT LIMITED
- 1999-09-03➕ALDBURY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1999-09-03➕LAKE, Simon Geoffrey appointeddirector
- 1999-09-03➕ALDBURY DIRECTORS LIMITED appointedcorporate-nominee-director
- 1999-09-03➖ALDBURY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 26 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
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael John King Individual · British · DOB 05/1959 · age 67 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2016 |
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 →Similar companies
Active · Professional services · MK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACCUMULATION CONSULTING LIMITED→ 15659866 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVE WITH POWER LIMITED→ 15450295 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AD VALOREM AUDIT SERVICES LIMITED→ 06839979 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ADBOLS LIMITED→ 11584015 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADEX MAPPING LIMITED→ 11800270 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ADROIT CONSULTATION 2 LIMITED→ 07944525 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ADT CONSULTING LIMITED→ 14658751 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ADVANCED AFRICAN ASSOCIATES LTD→ 15369944 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVANCED WELL-BEING LTD→ 15165432 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVISEXTRA LIMITED→ 15295915 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVITA ACADEMY LTD→ 16589992 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AE ENGINEERING LTD→ 16397327 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1999-09-03
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies
Registered office
Hastings House
15 Auckland Park
Milton Keynes
MK1 1BU
England
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-17
Last: 2025-09-03
Officers (2 active · 2 resigned)
ALDBURY SECRETARIES LIMITED→
Activecorporate-nominee-secretary · appointed 1999-09-03
View their other companies + combined net worth →
KING, Michael John→
Activedirector · ~67y · appointed 2000-06-16
View their other companies + combined net worth →
LAKE, Simon Geoffrey→
Resigneddirector · ~67y · appointed 1999-09-03 · resigned 2000-06-16
ALDBURY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 1999-09-03 · resigned 1999-09-03
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bond Estates Bond Estates Limited | Rent deposit deed | 1 property | 03/07/2009 | — | |
| outstanding | Close Invoice Finance Close Invoice Finance Limited | Charge over book debts | 1 property | 10/06/2005 | — | |
| outstanding | Bond Estates Bond Estates Limited | Rent deposit deed | 1 property | 24/03/2005 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 19/06/2002 | 28/05/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (67 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-27
change-corporate-secretary-company-with-change-date
officers · CH04
2026-01-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-18