ADRIAN STEELE PIANOS LIMITED

💤Zombieactive

04691279 · ltd · incorporated 2003-03-10

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

£18.7k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Support activities to performing arts

Sector: Arts, entertainment & recreation

Investor take

Pursue

Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). 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 (75/100)

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

Confirmed no charges registered

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

56 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £18,689

Net assets shrinking

Down £2,761 YoY

Cash YoY

-15%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£13k

↓ 15% YoY

Net Worth

£19k

↓ 13% YoY

Current Assets

£23k

↓ 9.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£18.7k	£21.4k
Current assets	£22.5k	£24.9k
Cash	£12.7k	£14.9k
Debtors	—	£0
Net assets	£18.7k	£21.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-11-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-07-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2003-03-10
🏢
Company incorporated
As ADRIAN STEELE PIANOS LIMITED
2003-03-10
➕
STEELE, Susanne Jane appointed
secretary
2003-03-10
➕
STEELE, Russell Adrian appointed
director
2003-03-10
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
2003-03-10
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
2003-03-10
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
2003-03-10
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "STEELE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — 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 62. 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 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Russell Adrian Steele Individual · British · DOB 07/1964 · age 62	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest	10/03/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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ACTIONTRAX LIMITED→ 04699195 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
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ADRENALINE AND ENDORPHIN PRODUCTIONS LTD→ 10367029 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ADVENTURE KIDZ LIMITED→ 07458701 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated2003-03-10

Jurisdictionengland-wales

Primary SIC90020 — Support activities to performing arts

Registered office

24 Downsview

Chatham

Kent

ME5 0AP

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 · 2 resigned)

STEELE, Susanne Jane→

secretary · appointed 2003-03-10

View their other companies + combined net worth →

Active

STEELE, Russell Adrian→

director · ~62y · appointed 2003-03-10

View their other companies + combined net worth →

Active

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2003-03-10 · resigned 2003-03-10

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 2003-03-10 · resigned 2003-03-10

Resigned

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