ADELPHI ASSETS LIMITED
🌳Matureactive
04035969 · ltd · incorporated 2000-07-18
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£448.8k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower. Family succession underway — not a classic acquisition target.
Opportunity 79/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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
6 live charges · 4 lenders · oldest 25.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
100 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declaredPositive net assets
Net assets £448,808
Net assets shrinking
Down £416,420 YoY
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£334
↓ 100% YoY
Net Worth
£449k
↓ 48% YoY
Current Assets
£334
↓ 100% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £448.9k | £866.1k |
| Current assets | £334 | £489.2k |
| Cash | £334 | £460.3k |
| Debtors | — | £28.9k |
| Net assets | £448.8k | £865.2k |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2025-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-11-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-10🔓Charge satisfied #6
- 2025-11-10🔓Charge satisfied #5
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-12➕BEDROSSIAN, Mark appointeddirector
- 2022-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-05-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-26📄gazette-notice-compulsorygazette · GAZ1
- 2022-02-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-02-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-01📄gazette-notice-compulsorygazette · GAZ1
- 2021-02-01📄change-person-director-company-with-change-dateofficers · CH01
- 2019-06-14🔓Charge satisfied #4
- 2019-04-24🔒Charge registered #6Lender: Interbay Funding, LTD.
- 2019-04-24🔒Charge registered #5Lender: Interbay Funding LTD (Registration Number: 05595882)
- 2017-04-05🔓Charge satisfied #1
- 2011-06-24🔓Charge satisfied #2
- 2004-10-13🔒Charge registered #4Lender: Barclays Bank PLC
- 2004-09-08🔒Charge registered #3Lender: Barclays Bank PLC
- 2003-11-03➖BEDROSSIAN, Paola Fiona resigneddirector
- 2002-02-28➕BEDROSSIAN, Susan Lesley Anne appointeddirector
- 2001-04-19➕BEDROSSIAN, Dickran appointeddirector
- 2000-11-10🔒Charge registered #2Lender: Hsbc Bank PLC
- 2000-09-23🔒Charge registered #1Lender: Hsbc Bank PLC
- 2000-09-08➕BEDROSSIAN, Dickran appointedsecretary
- 2000-09-08➖BLOOMSBURY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2000-09-08➕BEDROSSIAN, Paola Fiona appointeddirector
- 2000-09-08➖BLOOMSBURY DIRECTORS LIMITED resignedcorporate-nominee-director
- 2000-07-18🏢Company incorporatedAs ADELPHI ASSETS LIMITED
- 2000-07-18➕BLOOMSBURY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2000-07-18➕BLOOMSBURY DIRECTORS LIMITED appointedcorporate-nominee-director
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — BEDROSSIAN, Mark (same surname) appointed 2023-05-12. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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 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 Dickran Bedrossian Individual · British · DOB 04/1949 · age 77 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 01/07/2016 |
Mrs Susan Lesley Anne Bedrossian Individual · British · DOB 03/1956 · age 70 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 · Property · SL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & I PROPERTY INVESTMENTS (SLOUGH) LIMITED→ 15064350 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A&G REAL ESTATE GROUP LTD→ 15121024 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABI PROPERTY SOLUTIONS LTD→ 16498814 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABJP PROPERTIES LIMITED→ 16684821 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACQUIRE PROPERTY PARTNERS LTD.→ 16514119 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTIMAN LTD→ 07462649 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADDISON RD RL LTD→ 15351837 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDISON ROSE PROPERTIES LIMITED→ 12791753 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADELPHI PROPERTIES LTD→ 12282186 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADOS INVESTMENTS LTD→ 14864817 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADROK PROPERTIES LIMITED→ 10034763 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ADVANCE ON ONE LTD.→ 03751367 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
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
Incorporated2000-07-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
23 Brill Close
Maidenhead
SL6 3EJ
England
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01
Officers (4 active · 3 resigned)
BEDROSSIAN, Dickran→
Activesecretary · appointed 2000-09-08
View their other companies + combined net worth →
BEDROSSIAN, Dickran→
Activedirector · ~77y · appointed 2001-04-19
View their other companies + combined net worth →
BEDROSSIAN, Mark→
Activedirector · ~46y · appointed 2023-05-12
View their other companies + combined net worth →
BEDROSSIAN, Susan Lesley Anne→
Activedirector · ~70y · appointed 2002-02-28
View their other companies + combined net worth →
BLOOMSBURY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-07-18 · resigned 2000-09-08
BEDROSSIAN, Paola Fiona→
Resigneddirector · ~54y · appointed 2000-09-08 · resigned 2003-11-03
BLOOMSBURY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2000-07-18 · resigned 2000-09-08
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | InterBay Interbay Funding, LTD. | A registered charge | 2 properties | 24/04/2019 | 10/11/2025 | |
| satisfied | InterBay Interbay Funding LTD (Registration Number: 05595882) | A registered charge | 4 properties | 24/04/2019 | 10/11/2025 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/10/2004 | 14/06/2019 | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 08/09/2004 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 10/11/2000 | 24/06/2011 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 23/09/2000 | 05/04/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (100 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-28
change-person-director-company-with-change-date
officers · CH01
2025-11-28
change-person-director-company-with-change-date
officers · CH01
2025-11-28
change-person-secretary-company-with-change-date
officers · CH03
2025-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
appoint-person-director-company-with-name-date
officers · AP01
2023-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27