ADM FURNITURE LIMITED
🌳Matureactive
04304474 · ltd · incorporated 2001-10-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 21.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£71.8k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
PursueActive trading company with a 60-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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 21.0y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.0 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 (77/100)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
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £71,849
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£72k
Current Assets
£216k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £154.1k | — |
| Current assets | £216.4k | — |
| Debtors | £146.5k | — |
| Net assets | £71.8k | — |
| Average employees | — | 1700 |
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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-02➖MILTON, Sakunna resigneddirector
- 2018-07-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-07-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-06-30📄capital-allotment-sharescapital · SH01
- 2017-06-30📄capital-name-of-class-of-sharescapital · SH08
- 2017-06-30📄resolutionresolution · RESOLUTIONS
- 2017-06-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-06-02➕MILTON, Sakunna appointeddirector
- 2010-05-28➕MILTON, Andrew Dennis appointedsecretary
- 2010-05-28➕PENGELLY, Stephen John appointeddirector
- 2010-05-28➖JUDD, Martin Andrew resignedsecretary
- 2010-05-28➖MANNERINGS, Stephen Frank resigneddirector
- 2005-04-25🔒Charge registered #1Lender: National Westminster Bank PLC
- 2004-11-01➕MANNERINGS, Stephen Frank appointeddirector
- 2004-10-31➖JUDD, Martin Andrew resigneddirector
- 2001-10-15🏢Company incorporatedAs ADM FURNITURE LIMITED
- 2001-10-15➕MILTON, Andrew Dennis appointeddirector
- 2001-10-15➕JUDD, Martin Andrew appointedsecretary
- 2001-10-15➕JUDD, Martin Andrew appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 25 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 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
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Dennis Milton Individual · British · DOB 04/1966 · age 60 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mr Stephen John Pengelly Individual · British · DOB 06/1970 · age 56 | — | — | sig. influencesignificant influence | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Sakunna Miltonceased 02/07/2018· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 18 DESIGN & MANUFACTURE LTD→ 15884319 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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| ALIQUOT LTD→ 10732453 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2001-10-15
Jurisdictionengland-wales
Primary SIC31090 — Manufacture of other furniture
Registered office
9 High Street
Wellington
TA21 8QT
England
Filing status
Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02
Officers (3 active · 4 resigned)
MILTON, Andrew Dennis→
Activesecretary · appointed 2010-05-28
View their other companies + combined net worth →
MILTON, Andrew Dennis→
Activedirector · ~60y · appointed 2001-10-15
View their other companies + combined net worth →
PENGELLY, Stephen John→
Activedirector · ~56y · appointed 2010-05-28
View their other companies + combined net worth →
JUDD, Martin Andrew→
Resignedsecretary · appointed 2001-10-15 · resigned 2010-05-28
JUDD, Martin Andrew→
Resigneddirector · ~69y · appointed 2001-10-15 · resigned 2004-10-31
MANNERINGS, Stephen Frank→
Resigneddirector · ~72y · appointed 2004-11-01 · resigned 2010-05-28
MILTON, Sakunna→
Resigneddirector · ~45y · appointed 2017-06-02 · resigned 2018-07-02
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 25/04/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-16
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-25