ADANA CONSTRUCTION LTD
📉Decliningactive
03907309 · ltd · incorporated 2000-01-14
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 26.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · 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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
11 officers (5 active, 11 linked, 5 with DOB)
79
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £3,412,489
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £3.41M | £6.82M |
| Average employees | 7200 | 7000 |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
- 2025-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-15🔒Charge registered #7Lender: National Westminster Bank PLC
- 2025-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-09🔒Charge registered #6Lender: National Westminster Bank PLC
- 2025-07-31➕JASSIM, Sofia appointedsecretary
- 2025-07-31➕BATES, Stephen Peter appointeddirector
- 2025-07-31📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-07-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-10📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-31➖TENNANT, Daniel resigneddirector
- 2023-08-15📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-14🔓Charge satisfied #5
- 2023-06-14🔓Charge satisfied #4
- 2023-06-14🔓Charge satisfied #3
- 2022-10-13📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-02📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-17📄accounts-with-accounts-type-fullaccounts · AA
- 2019-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-24📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-22📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-10-04🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2017-10-31🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2015-02-23➕TENNANT, Daniel appointeddirector
- 2014-07-18🔓Charge satisfied #2
- 2014-07-18🔓Charge satisfied #1
- 2011-10-10🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2011-06-23🔒Charge registered #2Lender: Barclays Bank PLC
- 2004-08-24➕HUXLEY, Helen appointedsecretary
- 2004-07-29➖HEWITT, Steve resignedsecretary
- 2004-07-29➖HEWITT, Steve resigneddirector
- 2000-03-27➕KRIKOR, Zorab appointeddirector
- 2000-03-27➕HEWITT, Steve appointedsecretary
- 2000-03-27➖JASSIM, Jacqueline resignedsecretary
- 2000-03-27➕HEWITT, Steve appointeddirector
- 2000-03-27🔒Charge registered #1Lender: Aj Shahin Ith Ihr Paz LTD Sti
- 2000-02-02➕JASSIM, Jawad Abdul appointeddirector
- 2000-02-02➕JASSIM, Jacqueline appointedsecretary
- 2000-01-17➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2000-01-17➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2000-01-14🏢Company incorporatedAs ADANA CONSTRUCTION LTD
- 2000-01-14➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2000-01-14➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jawad Abdul Jassim Individual · British · DOB 09/1960 · age 66 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Zorab Krikor Individual · Iraqi · DOB 12/1946 · age 80 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Jaw Dat Krekoorceased 16/03/2018· 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 · Construction · SK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & E ROOFING LIMITED→ 15733134 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A F INSTALLATIONS LIMITED→ 04568838 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| A FARRAR CONSTRUCTION LTD→ 13693195 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A GAME HEATING LIMITED→ 11654646 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A. EVANS & SON (CONTRACTORS) LIMITED→ 01364184 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| AA PLUS PLUMBING LTD→ 12028585 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABODE PD LIMITED→ 13801708 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACR PVC AND JOINERY LIMITED→ 15243565 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVE SECURITY SYSTEMS LIMITED→ 04696658 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ADAM LOMAS LIMITED→ 11307725 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADAMSON CONSTRUCTION LIMITED→ 01819638 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| ADAMSON RENOVATIONS LIMITED→ 15974575 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2000-01-14
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Adana House
140 Higher Hillgate
Stockport
Cheshire
SK1 3QT
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29
Officers (5 active · 6 resigned)
Active
Active
BATES, Stephen Peter→
Activedirector · ~44y · appointed 2025-07-31
View their other companies + combined net worth →
JASSIM, Jawad Abdul→
Activedirector · ~66y · appointed 2000-02-02
View their other companies + combined net worth →
KRIKOR, Zorab→
Activedirector · ~80y · appointed 2000-03-27
View their other companies + combined net worth →
HEWITT, Steve→
Resignedsecretary · appointed 2000-03-27 · resigned 2004-07-29
JASSIM, Jacqueline→
Resignedsecretary · appointed 2000-02-02 · resigned 2000-03-27
FORM 10 SECRETARIES FD LTD→
Resignedcorporate-nominee-secretary · appointed 2000-01-14 · resigned 2000-01-17
HEWITT, Steve→
Resigneddirector · ~69y · appointed 2000-03-27 · resigned 2004-07-29
TENNANT, Daniel→
Resigneddirector · ~39y · appointed 2015-02-23 · resigned 2024-07-31
FORM 10 DIRECTORS FD LTD→
Resignedcorporate-nominee-director · appointed 2000-01-14 · resigned 2000-01-17
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 15/09/2025 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 09/09/2025 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 04/10/2019 | 14/06/2023 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 31/10/2017 | 14/06/2023 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 10/10/2011 | 14/06/2023 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 23/06/2011 | 18/07/2014 | |
| satisfied | Aj Shahin Ith Ihr Paz Sti Aj Shahin Ith Ihr Paz LTD Sti | Debenture | 1 property | 27/03/2000 | 18/07/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (97 total)
accounts-with-accounts-type-full
accounts · AA
2025-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
appoint-person-secretary-company-with-name-date
officers · AP03
2025-07-31
appoint-person-director-company-with-name-date
officers · AP01
2025-07-31
accounts-with-accounts-type-full
accounts · AA
2024-09-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-29
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
accounts-with-accounts-type-full
accounts · AA
2023-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-14
accounts-with-accounts-type-full
accounts · AA
2022-10-13