ADAN HOLDINGS LIMITED

💤Zombieactive

04529050 · ltd · incorporated 2002-09-06

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 2026

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 23.2y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 23.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (1 active, 8 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

1 connected companies via shared directors

Filing history

78 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-03-31	2025-03-31
Average employees	100	100

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 2 accounts

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-04-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-10-03
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2022-08-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC03
2022-08-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-03
➕
UPPALURI, Krishna, Sri appointed
director
2022-08-03
➖
KENWORTHY, Douglas resigned
director
2022-08-03
➖
PLASKITT, Stephen Paul resigned
director
2022-06-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-01
🔓
Charge satisfied #1
2021-11-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-06
📄
memorandum-articles
incorporation · MA
2019-12-03
📄
capital-name-of-class-of-shares
capital · SH08
2019-12-03
📄
resolution
resolution · RESOLUTIONS
2008-09-12
➖
PLASKITT, Stephen Paul resigned
secretary
2007-11-30
➖
PICKBOURN, David Evers resigned
director
2003-04-04
🔒
Charge registered #1
Lender: The Co-Operative Bank PLC
2002-09-06
🏢
Company incorporated
As ADAN HOLDINGS LIMITED
2002-09-06
➕
PLASKITT, Stephen Paul appointed
secretary
2002-09-06
➕
COMBINED SECRETARIAL SERVICES LIMITED appointed
corporate-nominee-secretary
2002-09-06
➖
COMBINED SECRETARIAL SERVICES LIMITED resigned
corporate-nominee-secretary
2002-09-06
➕
KENWORTHY, Douglas appointed
director
2002-09-06
➕
PICKBOURN, David Evers appointed
director
2002-09-06
➕
PLASKITT, Stephen Paul appointed
director
2002-09-06
➕
COMBINED NOMINEES LIMITED appointed
corporate-nominee-director
2002-09-06
➖
COMBINED NOMINEES LIMITED resigned
corporate-nominee-director
2002-09-06
➕
COMBINED SECRETARIAL SERVICES LIMITED appointed
corporate-nominee-director
2002-09-06
➖
COMBINED SECRETARIAL SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Veljan Denison Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Veljan Denison Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ADAN HOLDINGS LIMITED

This company · 04529050

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Veljan Denison Limited Individual	75–100%	—	75-100% shares	03/08/2022
Veljan Denison Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting · firm interest	03/08/2022

2 historic (ceased) PSCs

Mr Douglas Kenworthyceased 03/08/2022· 25-50% shares · 25-50% voting
Mr Stephen Paul Plaskittceased 03/08/2022· 25-50% shares · 25-50% voting

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 · Holding company · PE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A & J HOLDINGS (SPALDING) LIMITED→ 09611104 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
A & J PROPERTIES (SPALDING) LIMITED→ 16816960 · est 2025 · no financials extracted	—	—	—	—	—	—	—
A H WORTH AND COMPANY LIMITED→ 00451065 · est 1948 · no financials extracted	—	—	—	—	78y	—	—
ABBEY VIEW (WOODHALL SPA) MANAGEMENT COMPANY LIMITED→ 12113252 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ABISLA PROPERTY LTD→ 12121123 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ACAST GROUP LTD→ 11039021 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ACREVEN LTD→ 13263083 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
AD LIB BAND LTD→ 06919963 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
ADKE TOPCO LIMITED→ 16899403 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADVANCED MARKETING (EUROPE) LIMITED→ 03410987 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
ADVANCED SCIENTIFIC MATERIALS ACQUICO LIMITED→ 13548715 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADVANCED SCIENTIFIC MATERIALS PLEDGECO LIMITED→ 13546692 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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

Incorporated2002-09-06

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

Albion House

32 Pinchbeck Road

Spalding

Lincolnshire

PE11 1QD

Filing status

Accounts

Next due: 2027-12-31

Last made up to: 2026-03-31

Confirmation statement

Next due: 2026-09-20

Last: 2025-09-06

Officers (1 active · 7 resigned)

UPPALURI, Krishna, Sri→

director · ~33y · appointed 2022-08-03

View their other companies + combined net worth →

Active

PLASKITT, Stephen Paul→

secretary · appointed 2002-09-06 · resigned 2008-09-12

Resigned

COMBINED SECRETARIAL SERVICES LIMITED→

corporate-nominee-secretary · appointed 2002-09-06 · resigned 2002-09-06

Resigned

KENWORTHY, Douglas→

director · ~85y · appointed 2002-09-06 · resigned 2022-08-03

Resigned

PICKBOURN, David Evers→

director · ~87y · appointed 2002-09-06 · resigned 2007-11-30

Resigned

PLASKITT, Stephen Paul→

director · ~69y · appointed 2002-09-06 · resigned 2022-08-03

Resigned

COMBINED NOMINEES LIMITED→

corporate-nominee-director · appointed 2002-09-06 · resigned 2002-09-06

Resigned

COMBINED SECRETARIAL SERVICES LIMITED→

corporate-nominee-director · appointed 2002-09-06 · resigned 2002-09-06

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Co-operative Bank The Co-Operative Bank PLC	Debenture	1 property	04/04/2003	01/06/2022