ADDISON & CO (TEESDALE) LIMITED

🌳Matureactive

04425102 · ltd · incorporated 2002-04-25

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£473.4k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Accounting and auditing activities

Sector: Professional, scientific & technical

Investor take

Special-situation opportunity

Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 74/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 21.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 21.9 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

8 connected companies via shared directors

Filing history

88 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £473,435

Key financials

1 year extracted from filed iXBRL accounts

Cash

£211k

Net Worth

£473k

Current Assets

£771k

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30
Total assets	£500.0k
Current assets	£771.3k
Cash	£210.6k
Debtors	£308.7k
Net assets	£473.4k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2025-10-02
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-02
📄
accounts-amended-with-made-up-date
accounts · AAMD
2025-05-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-02
🔓
Charge satisfied #8
2025-04-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-11
🔓
Charge satisfied #7
2025-01-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-16
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2024-05-10
📄
capital-cancellation-shares
capital · SH06
2024-05-10
📄
legacy
capital · SH20
2024-05-10
⚠️
legacy
insolvency · CAP-SS
2023-11-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-09
📄
change-person-director-company-with-change-date
officers · CH01
2022-05-09
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-05-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-16
🔓
Charge satisfied #6
2017-12-16
🔓
Charge satisfied #5
2017-12-16
🔓
Charge satisfied #4
2017-12-16
🔓
Charge satisfied #3
2017-12-16
🔓
Charge satisfied #1
2017-11-27
🔒
Charge registered #8
Lender: Barclays Bank PLC
2013-09-30
🔒
Charge registered #7
Lender: Investacc Pension Trustees Limited
2011-06-02
🔒
Charge registered #6
Lender: National Westminster Bank PLC
2011-06-02
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2008-05-27
🔒
Charge registered #4
Lender: Alliance & Leicester PLC
2007-09-25
🔓
Charge satisfied #2
2007-09-10
🔒
Charge registered #3
Lender: Alliance & Leicester PLC
2004-10-26
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2004-06-23
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2002-06-30
➕
TARN, Robert appointed
secretary
2002-06-30
➕
ADDISON, David John appointed
director
2002-06-30
➕
TARN, Robert appointed
director
2002-04-25
🏢
Company incorporated
As ADDISON & CO (TEESDALE) LIMITED
2002-04-25
➕
RWL REGISTRARS LIMITED appointed
corporate-nominee-secretary
2002-04-25
➖
RWL REGISTRARS LIMITED resigned
corporate-nominee-secretary
2002-04-25
➕
BONUSWORTH LIMITED appointed
corporate-nominee-director
2002-04-25
➖
BONUSWORTH LIMITED resigned
corporate-nominee-director

Owner dependency

98/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "ADDISON" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

96/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

1 high · 1 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-05-10: legacy

Charge satisfaction-then-recreation pattern

medium

Multiple 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 Robert Tarn Individual · British · DOB 03/1948 · age 78	25–50%	25–50%	25-50% shares · 25-50% voting	26/04/2016
Mr David John Addison Individual · British · DOB 11/1961 · age 65	25–50%	25–50%	25-50% shares · 25-50% voting	26/04/2016

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 · Professional services · DL postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A K MULTIVENT LTD→ 15477006 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
A.J.L. SALES LTD→ 15871966 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ACHIEVE COACHING AND MENTORING LIMITED→ 15503477 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACHIEVING CHANGE LIMITED→ 11302305 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ACS LEGAL RECRUITING LTD→ 16322580 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ACTIVATE SAFEGUARDING RESOLUTIONS LTD→ 11315753 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ADAMSON CONSULTING LIMITED→ 15694550 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ADDDG LTD→ 14918315 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ADG ARCHITECTS LIMITED→ 08616088 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
ADH SITE SURVEYS LIMITED→ 06158278 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
ADMINISTRATION EVALUATION SERVICES LTD→ 16799751 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADR ELECTRICAL SERVICES LTD→ 12984027 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2002-04-25

Jurisdictionengland-wales

Primary SIC69201 — Accounting and auditing activities

Registered office

91 Galgate

Barnard Castle

Co.Durham

DL12 8ES

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-05-09

Last: 2026-04-25

Officers (3 active · 2 resigned)

TARN, Robert→

secretary · appointed 2002-06-30

View their other companies + combined net worth →

Active

ADDISON, David John→

director · ~65y · appointed 2002-06-30

View their other companies + combined net worth →

Active

TARN, Robert→

director · ~78y · appointed 2002-06-30

View their other companies + combined net worth →

Active

RWL REGISTRARS LIMITED→

corporate-nominee-secretary · appointed 2002-04-25 · resigned 2002-04-25

Resigned

BONUSWORTH LIMITED→

corporate-nominee-director · appointed 2002-04-25 · resigned 2002-04-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
satisfied	Barclays Barclays Bank PLC	A registered charge	—	27/11/2017	02/05/2025
satisfied	Investacc Pension Trustees / Robert Tarn / David John Addison Investacc Pension Trustees Limited / Robert Tarn / David John Addison	A registered charge	1 property	30/09/2013	11/04/2025
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	02/06/2011	16/12/2017
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	02/06/2011	16/12/2017
satisfied	Alliance & Leicester Alliance & Leicester PLC	Legal charge	1 property	27/05/2008	16/12/2017
satisfied	Alliance & Leicester Alliance & Leicester PLC	Legal charge	1 property	10/09/2007	16/12/2017
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	26/10/2004	25/09/2007
satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	23/06/2004	16/12/2017

Recent filings (88 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-05-07

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-10-02

accounts-amended-with-made-up-date

accounts · AAMD

2025-10-02

mortgage-satisfy-charge-full

mortgage · MR04

2025-05-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-30

mortgage-satisfy-charge-full

mortgage · MR04

2025-04-11

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-01-23

capital-alter-shares-redemption-statement-of-capital

capital · SH02

2024-05-16

capital-cancellation-shares

capital · SH06

2024-05-10

legacy

capital · SH20

2024-05-10

legacy

insolvency · CAP-SS

2024-05-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-11-03

confirmation-statement-with-updates

confirmation-statement · CS01

2023-05-09

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2023-01-17