ADHESIVE COATINGS HOLDINGS LIMITED
💤Zombieactive
04995588 · ltd · incorporated 2003-12-15
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 May 2025
Net worth
£568.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 22.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · 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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
84 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
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £568,288
Cash YoY
+31%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
↑ 31% YoY
Net Worth
£568k
↑ 5.8% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £628.5k | £597.3k |
| Cash | £3.0k | £2.3k |
| Net assets | £568.3k | £537.0k |
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 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-03-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-10📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-10📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-12-31➖REYNOLDS, John Anthony resignedsecretary
- 2020-02-26📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-28📄accounts-with-accounts-type-smallaccounts · AA
- 2018-03-06📄accounts-with-accounts-type-audited-abridgedaccounts · AA
- 2018-02-05📄capital-return-purchase-own-sharescapital · SH03
- 2017-07-04📄capital-return-purchase-own-sharescapital · SH03
- 2008-12-17➖WHITE, Trevor Paul resigneddirector
- 2008-05-22🔓Charge satisfied #3
- 2008-05-22🔓Charge satisfied #2
- 2008-05-22🔓Charge satisfied #1
- 2008-03-19🔒Charge registered #5Lender: National Westminster Bank PLC
- 2004-02-02➕BARCLAY, Robert Andrew appointeddirector
- 2004-02-02➖BAKER, Leonard George resigneddirector
- 2004-02-02➕WHITE, Trevor Paul appointeddirector
- 2004-02-02🔒Charge registered #4Lender: National Westminster Bank PLC
- 2004-02-02🔒Charge registered #3Lender: Leonard George Baker
- 2004-02-02🔒Charge registered #2Lender: David Geoffrey Bean
- 2004-02-02🔒Charge registered #1Lender: David Geoffrey Bean, Leonard George Baker
- 2003-12-15🏢Company incorporatedAs ADHESIVE COATINGS HOLDINGS LIMITED
- 2003-12-15➕REYNOLDS, John Anthony appointedsecretary
- 2003-12-15➕BRITANNIA COMPANY FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-12-15➖BRITANNIA COMPANY FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-12-15➕BAKER, Leonard George appointeddirector
- 2003-12-15➕DEANSGATE COMPANY FORMATIONS LIMITED appointedcorporate-nominee-director
- 2003-12-15➖DEANSGATE COMPANY FORMATIONS LIMITED resignedcorporate-nominee-director
Owner dependency
100/100
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 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Andrew Barclay Individual · British · DOB 03/1961 · age 65 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 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 · Professional services · OL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 13T LIMITED→ 13235095 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 24/7CARING LTD→ 12281078 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 3D INDUSTRIAL LIMITED→ 11176032 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| A CONSULTATION LTD→ 15608454 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A HARDING LTD→ 15188138 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AADHIRAN LIMITED→ 13372087 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACTIVE ACCOUNTANTS LTD→ 13352699 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACTON UK MANAGEMENT LTD→ 07773412 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ACW ADVISORY LTD→ 10361952 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADEPT TAXATION SERVICES LIMITED→ 17004422 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCEMENT DESIGN LIMITED→ 12239245 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AE CONSULTANCY & TRAINING LIMITED→ 13964046 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2003-12-15
Jurisdictionengland-wales
Primary SIC70100 — Activities of head offices
Registered office
Eagle Technology Park
Queensway
Rochdale
Lancashire
OL11 1TQ
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14
Officers (1 active · 5 resigned)
BARCLAY, Robert Andrew→
Activedirector · ~65y · appointed 2004-02-02
View their other companies + combined net worth →
REYNOLDS, John Anthony→
Resignedsecretary · appointed 2003-12-15 · resigned 2020-12-31
BRITANNIA COMPANY FORMATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-12-15 · resigned 2003-12-15
BAKER, Leonard George→
Resigneddirector · ~95y · appointed 2003-12-15 · resigned 2004-02-02
WHITE, Trevor Paul→
Resigneddirector · ~68y · appointed 2004-02-02 · resigned 2008-12-17
DEANSGATE COMPANY FORMATIONS LIMITED→
Resignedcorporate-nominee-director · appointed 2003-12-15 · resigned 2003-12-15
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 19/03/2008 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 02/02/2004 | — | |
| satisfied | Leonard George Baker | Debenture | 1 property | 02/02/2004 | 22/05/2008 | |
| satisfied | David Geoffrey Bean | Debenture | 1 property | 02/02/2004 | 22/05/2008 | |
| satisfied | David Geoffrey Bean, Leonard George Baker | Legal charge | 1 property | 02/02/2004 | 22/05/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (84 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14
change-person-director-company-with-change-date
officers · CH01
2021-12-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-10
change-person-director-company-with-change-date
officers · CH01
2021-12-10
change-person-director-company-with-change-date
officers · CH01
2021-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28