A.D. ENGINEERING (KENT) LIMITED

💤Zombieactive
05362861 · ltd · incorporated 2005-02-14
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 Apr 2024
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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

15/100
under pressure

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.

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
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-302023-04-30
Average employees400600

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

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 (40 events)Click to expand
  1. 2024-10-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-10-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-11-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2019-11-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2019-08-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2019-08-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2019-08-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2019-08-07
    🔓
    Charge satisfied #4
  13. 2019-08-07
    🔓
    Charge satisfied #2
  14. 2019-08-07
    🔓
    Charge satisfied #1
  15. 2019-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-01-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-11-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2017-11-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2016-12-23
    DE ROBERTO, Catherine Tina resigned
    secretary
  21. 2016-12-23
    DE ROBERTO, Antonio resigned
    director
  22. 2015-10-31
    MENDICINO, Miriam Edith appointed
    secretary
  23. 2015-10-31
    FORLESE, Carlos Alejandro appointed
    director
  24. 2015-10-31
    DE ROBERTO, Antonio resigned
    secretary
  25. 2015-10-31
    DE ROBERTO, Catherine Tina appointed
    secretary
  26. 2015-10-31
    DE ROBERTO, Catherine Tina resigned
    director
  27. 2015-05-28
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  28. 2012-12-12
    🔓
    Charge satisfied #3
  29. 2012-12-05
    🔒
    Charge registered #4
    Lender: Rbs Invoice Finance Limited
  30. 2012-07-25
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Commercial Finance Limited
  31. 2010-10-27
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  32. 2006-04-07
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  33. 2005-02-14
    🏢
    Company incorporated
    As A.D. ENGINEERING (KENT) LIMITED
  34. 2005-02-14
    DE ROBERTO, Antonio appointed
    secretary
  35. 2005-02-14
    GRAEME, Dorothy May appointed
    secretary
  36. 2005-02-14
    GRAEME, Dorothy May resigned
    secretary
  37. 2005-02-14
    DE ROBERTO, Antonio appointed
    director
  38. 2005-02-14
    DE ROBERTO, Catherine Tina appointed
    director
  39. 2005-02-14
    GRAEME, Lesley Joyce appointed
    director
  40. 2005-02-14
    GRAEME, Lesley Joyce resigned
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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 ·
Accounts overdue
high

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

Charge satisfaction-then-recreation pattern
medium

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
NameSharesVoting rightsNature of controlNotified
Ms Miriam Edith Mendicino
Individual · Argentine · DOB 04/1967 · age 59
2550%
25–50%25-50% shares · 25-50% voting23/12/2016
Mr Carlos Alejandro Forlese
Individual · Italian · DOB 10/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting23/12/2016
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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2005-02-14
Jurisdictionengland-wales
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Unit 8 Glenmore Centre Castle Road
Eurolink Industrial Estate
Sittingbourne
Kent
ME10 3GL
United Kingdom

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22

Officers (2 active · 6 resigned)

MENDICINO, Miriam Edith
secretary · appointed 2015-10-31
View their other companies + combined net worth →
Active
FORLESE, Carlos Alejandro
director · ~51y · appointed 2015-10-31
View their other companies + combined net worth →
Active
DE ROBERTO, Antonio
secretary · appointed 2005-02-14 · resigned 2015-10-31
Resigned
DE ROBERTO, Catherine Tina
secretary · appointed 2015-10-31 · resigned 2016-12-23
Resigned
GRAEME, Dorothy May
secretary · appointed 2005-02-14 · resigned 2005-02-14
Resigned
DE ROBERTO, Antonio
director · ~63y · appointed 2005-02-14 · resigned 2016-12-23
Resigned
DE ROBERTO, Catherine Tina
director · ~63y · appointed 2005-02-14 · resigned 2015-10-31
Resigned
GRAEME, Lesley Joyce
director · ~73y · appointed 2005-02-14 · resigned 2005-02-14
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge28/05/2015
satisfied
NatWest Group
Rbs Invoice Finance Limited
All assets debenture1 property05/12/201207/08/2019
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture1 property25/07/201212/12/2012
satisfied
NatWest Group
Rbs Invoice Finance Limited
All assets debenture1 property27/10/201007/08/2019
satisfied
NatWest Group
Rbs Invoice Finance Limited
Fixed and floating charge1 property07/04/200607/08/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-03
change-person-director-company-with-change-date
officers · CH01
2019-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-25