ADVENTURE RECORDS LIMITED

💤Zombieactive
04390222 · ltd · incorporated 2002-03-08
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 Mar 2025
Net worth
£26.6k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Sound recording and music publishing activities
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £26,636
Net assets shrinking
Down £22,376 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£27k
↓ 46% YoY
Current Assets
£6k
↓ 25% YoY
Current Liabilities
—
£0£10k£20k£29k£39k£49kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£3.2k£2.1k
Current assets£6.1k£8.1k
Net assets£26.6k£49.0k

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-02-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-05-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-08-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2017-04-01
    ➖
    CONROY, Paul resigned
    director
  14. 2016-11-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2006-02-02
    ➕
    CONROY, Katie appointed
    secretary
  17. 2006-02-01
    ➖
    CONROY, Drew resigned
    secretary
  18. 2006-02-01
    ➖
    CONROY, Drew resigned
    director
  19. 2002-03-08
    🏢
    Company incorporated
    As ADVENTURE RECORDS LIMITED
  20. 2002-03-08
    ➕
    CONROY, Katie appointed
    director
  21. 2002-03-08
    ➕
    CONROY, Drew appointed
    secretary
  22. 2002-03-08
    ➕
    SDG SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  23. 2002-03-08
    ➖
    SDG SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  24. 2002-03-08
    ➕
    CONROY, Drew appointed
    director
  25. 2002-03-08
    ➕
    CONROY, Paul appointed
    director
  26. 2002-03-08
    ➕
    SDG REGISTRARS LIMITED appointed
    corporate-nominee-director
  27. 2002-03-08
    ➖
    SDG REGISTRARS LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Katie Conroy
Individual · British · DOB 03/1965 · age 61
——sig. influencesignificant influence07/04/2016
Mr Paul Conroy
Individual · British · DOB 06/1949 · age 77
——sig. influencesignificant influence07/04/2016

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 →

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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
Incorporated2002-03-08
Jurisdictionengland-wales
Primary SIC59200 — Sound recording and music publishing activities

Registered office

12 - 14 Hart Street
Henley-On-Thames
RG9 2AU
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (2 active · 5 resigned)

CONROY, Katie→
secretary · appointed 2006-02-02
View their other companies + combined net worth →
Active
CONROY, Katie→
director · ~61y · appointed 2002-03-08
View their other companies + combined net worth →
Active
CONROY, Drew→
secretary · appointed 2002-03-08 · resigned 2006-02-01
Resigned
SDG SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-03-08 · resigned 2002-03-08
Resigned
CONROY, Drew→
director · ~45y · appointed 2002-03-08 · resigned 2006-02-01
Resigned
CONROY, Paul→
director · ~77y · appointed 2002-03-08 · resigned 2017-04-01
Resigned
SDG REGISTRARS LIMITED→
corporate-nominee-director · appointed 2002-03-08 · resigned 2002-03-08
Resigned

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

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-09