ADHAN DEVELOPMENTS LIMITED
💤Zombieactive
04756509 · ltd · incorporated 2003-05-07
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 Oct 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68310Real estate agencies
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
27 live charges · 8 lenders · oldest 23.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.0 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
27 charges (27/27 with lender, 27/27 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
112 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| 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
3 signals 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (70 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-04-22🔒Charge registered #27Lender: Shawbrook Bank Limited
- 2020-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-06-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-06-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-02-28🔒Charge registered #26Lender: Lancashire Mortgage Corporation Limited
- 2012-08-03🔓Charge satisfied #21
- 2012-08-03🔓Charge satisfied #20
- 2012-08-03🔓Charge satisfied #19
- 2012-08-03🔓Charge satisfied #18
- 2012-08-03🔓Charge satisfied #17
- 2012-06-19🔒Charge registered #25Lender: Santander UK PLC
- 2012-06-18🔒Charge registered #24Lender: Aldermore Bank PLC
- 2012-06-18🔒Charge registered #23Lender: Aldermore Bank PLC
- 2012-06-18🔒Charge registered #22Lender: Aldermore Bank PLC
- 2009-09-28➖PATEL, Mustaq Ahmed Ismail resignedsecretary
- 2008-02-07🔓Charge satisfied #16
- 2008-02-07🔓Charge satisfied #15
- 2008-02-07🔓Charge satisfied #14
- 2008-02-07🔓Charge satisfied #13
- 2008-02-07🔓Charge satisfied #12
- 2008-02-07🔓Charge satisfied #10
- 2008-02-07🔓Charge satisfied #11
- 2008-02-07🔓Charge satisfied #9
- 2007-11-09🔒Charge registered #21Lender: National Westminster Bank PLC
- 2007-11-09🔒Charge registered #20Lender: National Westminster Bank PLC
- 2007-11-09🔒Charge registered #19Lender: National Westminster Bank PLC
- 2007-11-09🔒Charge registered #18Lender: National Westminster Bank PLC
- 2007-11-09🔒Charge registered #17Lender: National Westminster Bank PLC
- 2007-06-14🔓Charge satisfied #7
- 2007-06-14🔓Charge satisfied #5
- 2007-06-14🔓Charge satisfied #6
- 2007-06-12🔒Charge registered #16Lender: The Governor and Company of the Bank of Ireland
- 2007-06-12🔒Charge registered #15Lender: The Governor and Company of the Bank of Ireland
- 2007-06-12🔒Charge registered #14Lender: The Governor and Company of the Bank of Ireland
- 2006-10-25🔒Charge registered #13Lender: Hsbc Bank PLC
- 2006-06-26➕PATEL, Mustaq Ahmed Ismail appointedsecretary
- 2006-06-26➖VALLI, Imtiaz resignedsecretary
- 2006-06-02🔒Charge registered #12Lender: Hsbc Bank PLC
Showing most recent 50 of 70 events
Owner dependency
93/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Adhan Properties Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Adhan Properties Limited
Corporate parent · holds 75-100% shares
⬇
ADHAN DEVELOPMENTS LIMITED
This company · 04756509
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 |
|---|---|---|---|---|
Adhan Properties Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 · Construction · BB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 83 ELECTRICAL LIMITED→ 13358852 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A 1 CONSULTING ENGINEERS LIMITED→ 05955441 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| A&G DAY BUILDING AND CONSTRUCTION LTD→ 12263016 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABBEY HOUSE BUILDING SERVICES LTD→ 07883707 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ACCESS WINDOWS & DOORS LTD→ 13576706 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACE DOOR SYSTEMS LTD→ 10823306 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AD ROOFING AND GUTTERING LTD→ 15707153 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADA CONSTRUCTION NW LTD→ 15177643 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAM ASSOCIATES LTD→ 09187888 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ADAM DECORATING LTD→ 15524228 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADHAN CONSTRUCTION LIMITED→ 11268771 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADHAN HOMES LTD→ 05345989 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
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
Incorporated2003-05-07
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Adhan House 1st Floor
52a Preston New Road
Blackburn
Lancashire
BB2 6AH
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (1 active · 3 resigned)
PATEL, Mohmed Salim Ismail→
Activedirector · ~58y · appointed 2003-05-07
View their other companies + combined net worth →
PATEL, Mustaq Ahmed Ismail→
Resignedsecretary · appointed 2006-06-26 · resigned 2009-09-28
VALLI, Imtiaz→
Resignedsecretary · appointed 2003-05-07 · resigned 2006-06-26
VALLI, Imtiaz→
Resigneddirector · ~58y · appointed 2003-05-07 · resigned 2005-09-14
Click a director name to see their full track record across all companies.
Mortgages & charges
27
Total charges
7
Outstanding
5
Active lenders
Status:Lender:27 of 27 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 2 properties | 22/04/2021 | — | |
| outstanding | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 1 property | 28/02/2014 | — | |
| outstanding | Santander Santander UK PLC | Legal charge | 1 property | 19/06/2012 | — | |
| outstanding | Aldermore Aldermore Bank PLC | Assignment of rental income | 1 property | 18/06/2012 | — | |
| outstanding | Aldermore Aldermore Bank PLC | Debenture | 1 property | 18/06/2012 | — | |
| outstanding | Aldermore Aldermore Bank PLC | Mortgage deed | 1 property | 18/06/2012 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/11/2007 | 03/08/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/11/2007 | 03/08/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/11/2007 | 03/08/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/11/2007 | 03/08/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 09/11/2007 | 03/08/2012 | |
| satisfied | The Governor and Company of the Bank of Ireland | Charge on deposit | 1 property | 12/06/2007 | 07/02/2008 | |
| satisfied | The Governor and Company of the Bank of Ireland | Debenture | 1 property | 12/06/2007 | 07/02/2008 | |
| satisfied | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 12/06/2007 | 07/02/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 25/10/2006 | 07/02/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 02/06/2006 | 07/02/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 23/02/2006 | 07/02/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 15/02/2006 | 07/02/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 15/02/2006 | 07/02/2008 | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 15/02/2006 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 16/09/2005 | 14/06/2007 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 17/12/2004 | 14/06/2007 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 16/12/2004 | 14/06/2007 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Legal mortgage | 1 property | 13/11/2003 | 20/09/2005 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 11/11/2003 | 20/09/2005 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 04/07/2003 | 20/09/2005 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 03/07/2003 | 24/02/2004 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (112 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-29