A.D. ENGINEERING (KENT) LIMITED
Opportunity 63/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 20.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-04-30 | 2023-04-30 |
|---|---|---|
| Average employees | 400 | 600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 confirmation-statement
Corporate timeline (40 events)Click to expand
- 2024-10-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-08-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-08-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-08-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-08-07🔓Charge satisfied #4
- 2019-08-07🔓Charge satisfied #2
- 2019-08-07🔓Charge satisfied #1
- 2019-08-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-11-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2016-12-23➖DE ROBERTO, Catherine Tina resignedsecretary
- 2016-12-23➖DE ROBERTO, Antonio resigneddirector
- 2015-10-31➕MENDICINO, Miriam Edith appointedsecretary
- 2015-10-31➕FORLESE, Carlos Alejandro appointeddirector
- 2015-10-31➖DE ROBERTO, Antonio resignedsecretary
- 2015-10-31➕DE ROBERTO, Catherine Tina appointedsecretary
- 2015-10-31➖DE ROBERTO, Catherine Tina resigneddirector
- 2015-05-28🔒Charge registered #5Lender: National Westminster Bank PLC
- 2012-12-12🔓Charge satisfied #3
- 2012-12-05🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2012-07-25🔒Charge registered #3Lender: Lloyds Tsb Commercial Finance Limited
- 2010-10-27🔒Charge registered #2Lender: Rbs Invoice Finance Limited
- 2006-04-07🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 2005-02-14🏢Company incorporatedAs A.D. ENGINEERING (KENT) LIMITED
- 2005-02-14➕DE ROBERTO, Antonio appointedsecretary
- 2005-02-14➕GRAEME, Dorothy May appointedsecretary
- 2005-02-14➖GRAEME, Dorothy May resignedsecretary
- 2005-02-14➕DE ROBERTO, Antonio appointeddirector
- 2005-02-14➕DE ROBERTO, Catherine Tina appointeddirector
- 2005-02-14➕GRAEME, Lesley Joyce appointeddirector
- 2005-02-14➖GRAEME, Lesley Joyce resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-04-30
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Miriam Edith Mendicino Individual · Argentine · DOB 04/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/12/2016 |
Mr Carlos Alejandro Forlese Individual · Italian · DOB 10/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/12/2016 |
1 historic (ceased) PSC
- Mr Antonio De Robertoceased 23/12/2016· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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9 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 →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
Registered office
Filing status
Officers (2 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 28/05/2015 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | All assets debenture | 1 property | 05/12/2012 | 07/08/2019 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 25/07/2012 | 12/12/2012 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | All assets debenture | 1 property | 27/10/2010 | 07/08/2019 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Fixed and floating charge | 1 property | 07/04/2006 | 07/08/2019 |