ADCUTECH LIMITED

🌳Matureactive
04771031 · ltd · incorporated 2003-05-20
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£897.5k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 18.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 18.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £897,486

Key financials

1 year extracted from filed iXBRL accounts
Cash
£25k
Net Worth
£897k
Current Assets
£646k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£933.2k
Current assets£645.5k
Cash£24.6k
Debtors£436.8k
Net assets£897.5k

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
0
filings
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-12-31
    ➖
    CLIMANCE, Stuart Jason resigned
    director
  2. 2025-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-09-25
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  4. 2025-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-31
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  6. 2024-04-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-03-28
    ➕
    CARTER, Jonathan Philip appointed
    director
  8. 2024-03-28
    ➕
    JOSHAM, Stephen Edward James appointed
    director
  9. 2024-03-28
    ➕
    ROBERTSON, Gary Michael appointed
    director
  10. 2024-03-28
    ➖
    COLMAN, Georgina Emma resigned
    secretary
  11. 2024-03-28
    ➖
    COLMAN, Georgina Emma resigned
    director
  12. 2024-03-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2024-03-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2024-03-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2024-03-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2024-03-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-03-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-03-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2023-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2019-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2018-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2017-03-21
    🔓
    Charge satisfied #1
  26. 2007-10-30
    ➕
    COLMAN, Georgina Emma appointed
    secretary
  27. 2007-10-30
    ➖
    SHEPPARD, Christopher Daniel resigned
    secretary
  28. 2007-10-30
    ➕
    CLIMANCE, Stuart Jason appointed
    director
  29. 2007-10-30
    ➕
    COLMAN, Georgina Emma appointed
    director
  30. 2007-10-30
    ➖
    SHEPPARD, Christopher Daniel resigned
    director
  31. 2007-10-30
    ➖
    SIMONS, Mervyn resigned
    director
  32. 2007-08-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  33. 2003-05-20
    🏢
    Company incorporated
    As ADCUTECH LIMITED
  34. 2003-05-20
    ➕
    SHEPPARD, Christopher Daniel appointed
    secretary
  35. 2003-05-20
    ➕
    MANTEL SECRETARIES LIMITED appointed
    corporate-secretary
  36. 2003-05-20
    ➖
    MANTEL SECRETARIES LIMITED resigned
    corporate-secretary
  37. 2003-05-20
    ➕
    SHEPPARD, Christopher Daniel appointed
    director
  38. 2003-05-20
    ➕
    SIMONS, Mervyn appointed
    director
  39. 2003-05-20
    ➕
    MANTEL NOMINEES LIMITED appointed
    corporate-director
  40. 2003-05-20
    ➖
    MANTEL NOMINEES LIMITED resigned
    corporate-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.

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

Elmill Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Elmill Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADCUTECH LIMITED
This company · 04771031

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%
NameSharesVoting rightsNature of controlNotified
Elmill Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control28/03/2024
2 historic (ceased) PSCs
  • Mr Stuart Jason Climanceceased 28/03/2024· 50-75% shares
  • Mrs Georgina Emma Colmanceased 28/03/2024· 25-50% shares

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 →

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———————
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
Incorporated2003-05-20
Jurisdictionengland-wales
Primary SIC25620 — Machining

Registered office

Pacm House
Blackworth Industrial Estate
Highworth
Wiltshire
SN6 7NA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-03
Last: 2025-05-20

Officers (3 active · 8 resigned)

CARTER, Jonathan Philip→
director · ~61y · appointed 2024-03-28
View their other companies + combined net worth →
Active
JOSHAM, Stephen Edward James→
director · ~31y · appointed 2024-03-28
View their other companies + combined net worth →
Active
ROBERTSON, Gary Michael→
director · ~60y · appointed 2024-03-28
View their other companies + combined net worth →
Active
COLMAN, Georgina Emma→
secretary · appointed 2007-10-30 · resigned 2024-03-28
Resigned
SHEPPARD, Christopher Daniel→
secretary · appointed 2003-05-20 · resigned 2007-10-30
Resigned
MANTEL SECRETARIES LIMITED→
corporate-secretary · appointed 2003-05-20 · resigned 2003-05-20
Resigned
CLIMANCE, Stuart Jason→
director · ~56y · appointed 2007-10-30 · resigned 2025-12-31
Resigned
COLMAN, Georgina Emma→
director · ~57y · appointed 2007-10-30 · resigned 2024-03-28
Resigned
SHEPPARD, Christopher Daniel→
director · ~79y · appointed 2003-05-20 · resigned 2007-10-30
Resigned
SIMONS, Mervyn→
director · ~84y · appointed 2003-05-20 · resigned 2007-10-30
Resigned
MANTEL NOMINEES LIMITED→
corporate-director · appointed 2003-05-20 · resigned 2003-05-20
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property22/08/200721/03/2017

Recent filings (80 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-19
change-account-reference-date-company-current-extended
accounts · AA01
2024-05-31
appoint-person-director-company-with-name-date
officers · AP01
2024-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-03-28
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-28
termination-director-company-with-name-termination-date
officers · TM01
2024-03-28
appoint-person-director-company-with-name-date
officers · AP01
2024-03-28
appoint-person-director-company-with-name-date
officers · AP01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26