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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒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 22.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.5 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
0
filings
Last 180 days
1
filing
- • 1 accounts
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 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 ·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 |
|---|---|---|---|---|---|---|---|
| ANTROBUS LOGISTICS CONSULTANCY LTD→ 08911370 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| BADGER METER UK LIMITED→ 13668801 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BAKERSSON INTERNATIONAL LTD→ 16641458 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BANCROFT PROTECTION PLANS LTD→ 15877516 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BARTON ATTWELL LIMITED→ 16383285 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BAZ ARJOMAND LTD→ 11821618 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BCJ LTD→ 11181219 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BDD CONSULT LTD→ 11677944 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BDMM ASSOCIATE LTD→ 15908266 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BE SUPER LTD→ 12676539 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BEACON ENGINEERING ESTIMATION SERVICES LTD→ 14656662 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BEAUTY & WELLNESS HUB LIMITED→ 16203807 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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