ADELANTE SOFTWARE LTD
🌳Matureactive
04450760 · ltd · incorporated 2002-05-29
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
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 16.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 16.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 13 with DOB)
87
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
22 connected companies via shared directors
90
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
- 2026-01-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-16➕BAYLES, Nigel appointeddirector
- 2026-01-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-19➖BIELAWSKI, Sacha resigneddirector
- 2025-09-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-09-20📄legacyaccounts · PARENT_ACC
- 2025-09-20📄legacyother · AGREEMENT2
- 2025-09-20📄legacyother · GUARANTEE2
- 2025-07-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-15➕BIELAWSKI, Sacha appointeddirector
- 2025-07-14➖GRAFTON, Mark David resigneddirector
- 2025-03-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-10➕GRAFTON, Mark David appointeddirector
- 2024-11-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-08📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-08📄legacyaccounts · PARENT_ACC
- 2024-10-08📄legacyother · AGREEMENT2
- 2024-10-08📄legacyother · GUARANTEE2
- 2023-10-23📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-10-23📄legacyaccounts · PARENT_ACC
- 2023-10-23📄legacyother · AGREEMENT2
- 2023-10-23📄legacyother · GUARANTEE2
- 2023-02-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-31➖GUALTIERI, Gerard John resigneddirector
- 2023-01-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-18➕ROBERTS, Mark Andrew appointeddirector
- 2023-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-31➖TIVERTON BROWN, Jonathan James resigneddirector
- 2022-11-22📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-07-26🔓Charge satisfied #6
- 2022-07-26🔓Charge satisfied #5
- 2021-11-26🔒Charge registered #6Lender: Sixth Street Specialty Lending Europe Ii Advisors LTD
- 2021-07-02➕GODLEY, Andrew appointeddirector
- 2020-12-24🔒Charge registered #5Lender: Sixth Street Specialty Lending Europe Ii Advisors LTD
- 2020-09-30➖BLUCK, Darrell William resignedsecretary
- 2020-09-30➖BLUCK, Darrell William resigneddirector
- 2020-09-30➖GRAHAM, Christopher John resigneddirector
- 2020-09-30➕GUALTIERI, Gerard John appointeddirector
- 2020-09-30➕TIVERTON BROWN, Jonathan James appointeddirector
- 2018-10-19🔓Charge satisfied #4
- 2013-09-13🔒Charge registered #4Lender: Christopher Graham
- 2013-07-04🔓Charge satisfied #2
- 2013-07-04🔓Charge satisfied #1
- 2011-07-26➖JONES, Clive Garfield resigneddirector
- 2011-05-10🔒Charge registered #3Lender: Mckay Securities PLC
- 2009-12-23🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2009-09-22🔒Charge registered #1Lender: Sorbon Investments Limited
- 2009-05-07➖WILLIAMSON, Edward James resigneddirector
- 2008-06-17➕GRAHAM, Christopher John appointeddirector
Showing most recent 50 of 61 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BIELAWSKI, Sacha resigned 2025-12-19; GRAFTON, Mark David resigned 2025-07-14
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Clearcourse Partnership Acquireco Finance Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Clearcourse Partnership Acquireco Finance Limited
Corporate parent · holds 75-100% shares · board control
⬇
ADELANTE SOFTWARE LTD
This company · 04450760
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Clearcourse Partnership Acquireco Finance Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/03/2021 |
3 historic (ceased) PSCs
- Clearcourse Partnership Acquireco Ltdceased 08/03/2021· 75-100% shares · 75-100% voting · board control
- Mr Darrell William Bluckceased 30/09/2020· 25-50% shares · 25-50% voting · board control · significant influence · firm interest
- Mr Christopher John Grahamceased 30/09/2020· 25-50% shares · 25-50% voting · board control · significant influence · firm interest
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 · Technology · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADD SOME SPICE LIMITED→ 11035181 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADDHOP LIMITED→ 08817899 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ADDIT.AI LTD→ 16279964 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDITIV LTD→ 15811682 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDRESSFULL LIMITED→ 15154030 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDTOBAG LTD→ 12779079 · est 2020 | — | — | £68.6k | — | 5y | — | — |
| ADE3 LTD→ 11026967 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADEA SYSTEM INFORMATION TECHNOLOGIES LTD→ 16082238 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADECHRIS LTD→ 16471878 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADEFFECT.NET LTD→ 15336519 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADEHAEL CONSULTING LTD→ 16749783 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADEPT IT CONSULTANTS (UK) LTD→ 15769527 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2002-05-29
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities
Registered office
107 Cheapside
London
EC2V 6DN
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23
Officers (3 active · 12 resigned)
BAYLES, Nigel→
Activedirector · ~48y · appointed 2026-01-16
View their other companies + combined net worth →
GODLEY, Andrew→
Activedirector · ~47y · appointed 2021-07-02
View their other companies + combined net worth →
ROBERTS, Mark Andrew→
Activedirector · ~53y · appointed 2023-01-18
View their other companies + combined net worth →
BLUCK, Darrell William→
Resignedsecretary · appointed 2004-08-09 · resigned 2020-09-30
MACKIE, Callum→
Resignedsecretary · appointed 2002-05-29 · resigned 2004-08-09
BIELAWSKI, Sacha→
Resigneddirector · ~48y · appointed 2025-07-15 · resigned 2025-12-19
BLUCK, Darrell William→
Resigneddirector · ~61y · appointed 2002-05-29 · resigned 2020-09-30
GRAFTON, Mark David→
Resigneddirector · ~51y · appointed 2025-02-10 · resigned 2025-07-14
GRAHAM, Christopher John→
Resigneddirector · ~58y · appointed 2008-06-17 · resigned 2020-09-30
GUALTIERI, Gerard John→
Resigneddirector · ~63y · appointed 2020-09-30 · resigned 2023-01-31
JONES, Clive Garfield→
Resigneddirector · ~66y · appointed 2003-03-17 · resigned 2011-07-26
MACKIE, Callum→
Resigneddirector · ~73y · appointed 2002-05-29 · resigned 2004-08-09
TIVERTON BROWN, Jonathan James→
Resigneddirector · ~52y · appointed 2020-09-30 · resigned 2022-12-31
WILLIAMS, Brian Edward→
Resigneddirector · ~71y · appointed 2003-03-17 · resigned 2004-08-09
WILLIAMSON, Edward James→
Resigneddirector · ~62y · appointed 2003-03-17 · resigned 2009-05-07
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 | Sixth Street Specialty Lending Europe Ii Advisors Sixth Street Specialty Lending Europe Ii Advisors LTD | A registered charge | — | 26/11/2021 | 26/07/2022 | |
| satisfied | Sixth Street Specialty Lending Europe Ii Advisors Sixth Street Specialty Lending Europe Ii Advisors LTD | A registered charge | — | 24/12/2020 | 26/07/2022 | |
| satisfied | Christopher Graham / Darrell Bluck / Oval Trustees Christopher Graham / Darrell Bluck / Oval Trustees Limited | A registered charge | 1 property | 13/09/2013 | 19/10/2018 | |
| outstanding | Mckay Securities Mckay Securities PLC | Rent deposit deed | 1 property | 10/05/2011 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 23/12/2009 | 04/07/2013 | |
| satisfied | Sorbon Investments Sorbon Investments Limited | Deposit agreement | 1 property | 22/09/2009 | 04/07/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (132 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-01-22
termination-director-company-with-name-termination-date
officers · TM01
2026-01-08
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-09-20
legacy
accounts · PARENT_ACC
2025-09-20
legacy
other · AGREEMENT2
2025-09-20
legacy
other · GUARANTEE2
2025-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
appoint-person-director-company-with-name-date
officers · AP01
2025-07-22
termination-director-company-with-name-termination-date
officers · TM01
2025-07-22
appoint-person-director-company-with-name-date
officers · AP01
2025-03-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-25
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-08
legacy
accounts · PARENT_ACC
2024-10-08
legacy
other · AGREEMENT2
2024-10-08
legacy
other · GUARANTEE2
2024-10-08