ADR EXPRESS LTD
💤Zombieactive
04694806 · ltd · incorporated 2003-03-12
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
£103.0k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 18.7y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £102,969
Net assets shrinking
Down £28,787 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£103k
↓ 22% YoY
Current Assets
£138k
↓ 8.6% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £104.5k | £133.3k |
| Current assets | £137.6k | £150.5k |
| Net assets | £103.0k | £131.8k |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-03-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-12-04➖RICKETTS, Neil Anthony resigneddirector
- 2017-06-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-20➕RICKETTS, Rebecca Jean appointeddirector
- 2016-10-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-05-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-09-10🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-03-12🏢Company incorporatedAs ADR EXPRESS LTD
- 2003-03-12➕RICKETTS, Rebecca Jean appointedsecretary
- 2003-03-12➕RICKETTS, Neil Anthony appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalMultiple 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 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Rebecca Jean Ricketts Individual · British · DOB 03/1973 · age 53 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/07/2016 |
1 historic (ceased) PSC
- Mr Neil Rickettsceased 04/12/2017· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 35006 LOCOMOTIVE COMPANY LIMITED(THE)→ 01762406 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
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| 91PS LTD→ 11569479 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A TO Z LLOYD TRANSPORT LIMITED→ 05307362 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ACE CARS WORCESTER LTD→ 16096146 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACE DRIVER HIRE LTD→ 15277009 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACE TAXIS AND PRIVATE HIRE LIMITED→ 10388718 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADELIN TRANSPORT LTD→ 15194355 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEROAUTO LIMITED→ 09476160 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| AGAPE TRANSPORT SERVICES LTD→ 15304541 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AGB COURIERS LIMITED→ 17115355 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2003-03-12
Jurisdictionengland-wales
Primary SIC49410 — Freight transport by road
Registered office
Bowater House
Shrawley
Worcester
WR6 6TN
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12
Officers (2 active · 1 resigned)
RICKETTS, Rebecca Jean→
Activesecretary · appointed 2003-03-12
View their other companies + combined net worth →
RICKETTS, Rebecca Jean→
Activedirector · ~53y · appointed 2016-10-20
View their other companies + combined net worth →
RICKETTS, Neil Anthony→
Resigneddirector · ~64y · appointed 2003-03-12 · resigned 2017-12-04
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 10/09/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-28