ADD CUBIT LIMITED
💤Zombieactive
05025893 · ltd · incorporated 2004-01-26
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
£110.8k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 69-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 20.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
78/100Strong
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
74
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 £110,835
Net assets shrinking
Down £25,521 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£111k
↓ 19% YoY
Current Assets
£149k
↓ 6.6% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £110.8k | £136.4k |
| Current assets | £148.8k | £159.3k |
| Net assets | £110.8k | £136.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (35 events)Click to expand
- 2025-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-08-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-07📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-02📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-10-02📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2024-10-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-24🔓Charge satisfied #2
- 2023-01-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-27🔓Charge satisfied #4
- 2022-07-27🔓Charge satisfied #3
- 2022-07-21🔒Charge registered #6Lender: The Mortgage Works (UK) PLC
- 2022-06-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-29🔓Charge satisfied #1
- 2022-06-17🔒Charge registered #5Lender: The Mortgage Works (UK) PLC
- 2022-02-03📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2022-02-02📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-02📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2022-02-02📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2022-01-01➖ROGERS, Mary Sue resignedsecretary
- 2015-11-11🔒Charge registered #4Lender: Capital Home Loans Limited
- 2007-02-21🔒Charge registered #3Lender: Capital Home Loans Limited
- 2006-07-24🔒Charge registered #2Lender: Capital Home Loans Limited
- 2006-02-14🔒Charge registered #1Lender: Capital Home Loans Limited
- 2004-01-26🏢Company incorporatedAs ADD CUBIT LIMITED
- 2004-01-26➕GARFIELD, Michael John appointeddirector
- 2004-01-26➕ROGERS, Mary Sue appointedsecretary
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 69 — 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 69. 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 · 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.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Michael John Garfield Individual · British · DOB 08/1957 · age 69 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 26/01/2017 |
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 · Property · WC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACS CHRISTODOULIDES LIMITED→ 15238345 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACUMEN BAY INVESTMENTS LIMITED→ 15418308 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACUMINOUS EAGLE PROPERTY INVESTMENT LIMITED→ 14718556 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AD PROPERTY MANAGEMENT GROUP LTD→ 15930945 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AD UK DESIGN & BUILD LTD→ 13656889 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADA PROPERTIES INTERNATIONAL LIMITED→ 17054201 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADAM & RICK PROPERTY LTD→ 16666215 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAM HANDLING PROPERTIES LIMITED→ 16332360 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADC INVESTMENT PROPERTIES LTD→ 15299439 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDED VALUE CAPITAL LTD→ 11505887 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADDITION (SOUTHWARK) LIMITED→ 06903989 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ADEEB PROPERTY LIMITED→ 14920043 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2004-01-26
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
7 Bell Yard
London
WC2A 2JR
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22
Officers (1 active · 1 resigned)
GARFIELD, Michael John→
Activedirector · ~69y · appointed 2004-01-26
View their other companies + combined net worth →
ROGERS, Mary Sue→
Resignedsecretary · appointed 2004-01-26 · resigned 2022-01-01
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 21/07/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 17/06/2022 | — | |
| satisfied | Capital Home Loans Capital Home Loans Limited | A registered charge | 1 property | 11/11/2015 | 27/07/2022 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Deed of charge | 1 property | 21/02/2007 | 27/07/2022 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Deed of charge | 1 property | 24/07/2006 | 24/10/2023 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Deed of charge | 1 property | 14/02/2006 | 29/06/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
change-person-director-company-with-change-date
officers · CH01
2025-08-19
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-03
change-sail-address-company-with-old-address-new-address
address · AD02
2024-10-02
move-registers-to-sail-company-with-new-address
address · AD03
2024-10-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-11