ADEM DEVELOPMENTS LIMITED
🌳Matureactive
05039784 · ltd · incorporated 2004-02-10
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 19.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£-11.6k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 56210Event catering activities
- 68100Buying and selling of own real estate
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 19.7y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £11,563
Cash YoY
+1%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£850
~ YoY
Net Worth
-£12k
↑ 27% YoY
Current Assets
£41k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £10.3k | £11.6k |
| Current assets | £40.9k | £40.8k |
| Cash | £850 | £843 |
| Debtors | £40.0k | £40.0k |
| Net assets | £-11.6k | £-15.9k |
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-10-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2008-05-09🔓Charge satisfied #3
- 2006-10-18🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2006-10-18🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2006-10-06🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2006-09-27🔒Charge registered #1Lender: National Westminster Bank PLC
- 2004-02-10🏢Company incorporatedAs ADEM DEVELOPMENTS LIMITED
- 2004-02-10➕MITCHELL, Emma Louise appointedsecretary
- 2004-02-10➕MITCHELL, Adam Clyde appointeddirector
- 2004-02-10➕MITCHELL, Emma Louise appointeddirector
- 2004-02-10➕AA COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 2004-02-10➖AA COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2004-02-10➕BUYVIEW LTD appointedcorporate-nominee-director
- 2004-02-10➖BUYVIEW LTD resignedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adam Clyde Mitchell Individual · British · DOB 11/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Emma Mitchell Individual · British · DOB 07/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% 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 · Hospitality · CH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1HFO LTD→ 16245143 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| A HIDDEN GEM (WK) LTD→ 15615630 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAM'S EATERY LTD→ 11539099 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADANO'S CATERING LTD→ 16283681 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADK VENUES LIMITED→ 15799344 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADTA LTD→ 16840581 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AEB CATERERS LIMITED→ 06960762 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| AEEE LTD→ 12017601 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AFSANA LIMITED→ 16113924 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AGAVE AZUL LTD→ 16177059 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AGPG LTD→ 11705478 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AHMED BALTI HOUSE LTD→ 16493562 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2004-02-10
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
C/O Djh Chester City Military House
24 Castle Street
Chester
CH1 2DS
United Kingdom
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-24
Last: 2026-02-10
Officers (3 active · 2 resigned)
MITCHELL, Emma Louise→
Activesecretary · appointed 2004-02-10
View their other companies + combined net worth →
MITCHELL, Adam Clyde→
Activedirector · ~47y · appointed 2004-02-10
View their other companies + combined net worth →
MITCHELL, Emma Louise→
Activedirector · ~46y · appointed 2004-02-10
View their other companies + combined net worth →
AA COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-02-10 · resigned 2004-02-10
BUYVIEW LTD→
Resignedcorporate-nominee-director · appointed 2004-02-10 · resigned 2004-02-10
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 18/10/2006 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 18/10/2006 | 09/05/2008 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 06/10/2006 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 27/09/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (67 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
change-person-director-company-with-change-date
officers · CH01
2021-07-14
change-person-secretary-company-with-change-date
officers · CH03
2021-07-14
change-person-director-company-with-change-date
officers · CH01
2021-07-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-07-14