ADROIT ALTERNATIVES PROPERTIES LIMITED

🌳Matureactive
05107232 · ltd · incorporated 2004-04-20
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£125.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 22.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 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
1 connected companies via shared directors
48
Filing history
76 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 £125,324
Cash YoY
+88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↑ 88% YoY
Net Worth
£125k
↑ 12% YoY
Current Assets
—
Current Liabilities
—
£0£25k£50k£75k£100k£125kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£162.3k£150.1k
Current assets—£2.4k
Cash£4.6k£2.4k
Net assets£125.3k£111.9k

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
1
filing
  • • 1 mortgage
Last 90 days
3
filings
  • • 1 mortgage
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 mortgage
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-06-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-06-04
    🔓
    Charge satisfied #1
  3. 2026-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-04-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-04-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-04-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-06-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-06-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-06-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2011-01-26
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  20. 2004-07-06
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  21. 2004-04-20
    🏢
    Company incorporated
    As ADROIT ALTERNATIVES PROPERTIES LIMITED
  22. 2004-04-20
    ➕
    DEVEREAUX, Raymond appointed
    secretary
  23. 2004-04-20
    ➕
    DEVEREAUX, Alison Jayne appointed
    director
  24. 2004-04-20
    ➕
    DEVEREAUX, Raymond appointed
    director
  25. 2004-04-20
    ➕
    CENTRAL SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2004-04-20
    ➖
    CENTRAL SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  27. 2004-04-20
    ➕
    CENTRAL DIRECTORS LIMITED appointed
    corporate-nominee-director
  28. 2004-04-20
    ➖
    CENTRAL DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong 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.
  • 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Raymond Deveraux
Individual · British · DOB 09/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting20/04/2017
Mrs Alison Jayne Devereaux
Individual · British · DOB 02/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2004-04-20
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-05-04
Last: 2026-04-20

Officers (3 active · 2 resigned)

DEVEREAUX, Raymond→
secretary · appointed 2004-04-20
View their other companies + combined net worth →
Active
DEVEREAUX, Alison Jayne→
director · ~57y · appointed 2004-04-20
View their other companies + combined net worth →
Active
DEVEREAUX, Raymond→
director · ~69y · appointed 2004-04-20
View their other companies + combined net worth →
Active
CENTRAL SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-04-20 · resigned 2004-04-20
Resigned
CENTRAL DIRECTORS LIMITED→
corporate-nominee-director · appointed 2004-04-20 · resigned 2004-04-20
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
Mortgage1 property26/01/2011—
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
Mortgage deed1 property06/07/200404/06/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-24
change-person-director-company-with-change-date
officers · CH01
2023-04-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-12
change-person-director-company-with-change-date
officers · CH01
2023-04-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-02