ADAMS WHOLESALE (WEST SUSSEX) LIMITED
Opportunity 63/100 (worth a look), bankability 42/100. 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: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.
Refinance opportunity
5 live charges · 4 lenders · oldest 16.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-349.8k | £-349.8k |
| Current assets | £6.2k | £6.2k |
| Cash | £6.2k | £6.2k |
| Debtors | £4 | £4 |
| Net assets | £-349.8k | £-349.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (38 events)Click to expand
- 2025-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-03🔓Charge satisfied #5
- 2024-09-03🔓Charge satisfied #3
- 2023-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-29⚠️liquidation-voluntary-arrangement-completioninsolvency · CVA4
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-19⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · CVA3
- 2021-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-07⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · CVA3
- 2021-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-07🔒Charge registered #5Lender: Adams Wholesale Southern Group LTD
- 2020-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-08-13⚠️liquidation-voluntary-arrangement-meeting-approving-companies-voluntary-arrangementinsolvency · CVA1
- 2019-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-29➖ALI, Osman resigneddirector
- 2017-09-12🔒Charge registered #4Lender: National Westminster Bank PLC
- 2017-06-09🔒Charge registered #3Lender: Hsbc Bank PLC
- 2015-04-01➕ALI, Osman appointeddirector
- 2014-08-06🔓Charge satisfied #2
- 2010-12-06🔒Charge registered #2Lender: National Westminster Bank PLC
- 2010-04-16🔒Charge registered #1Lender: Suleyman Aslanoglu Ali
- 2010-01-01➖SUSSEX SECRETARY LTD resignedcorporate-secretary
- 2009-09-30➖ALI, Suleyman Aslanoglu resigneddirector
- 2008-01-01➖ALI, Suleyman resigneddirector
- 2007-02-19➕SUSSEX SECRETARY LTD appointedcorporate-secretary
- 2007-02-19➕ALI, Suleyman appointeddirector
- 2006-11-01➕ALI, Suleyman Aslanoglu appointeddirector
- 2006-11-01➕ALI, Suleyman Aslanoglu appointeddirector
- 2006-05-24🏢Company incorporatedAs ADAMS WHOLESALE (WEST SUSSEX) LIMITED
- 2006-05-24➕JPCORS LIMITED appointedcorporate-nominee-secretary
- 2006-05-24➖JPCORS LIMITED resignedcorporate-nominee-secretary
- 2006-05-24➕JPCORD LIMITED appointedcorporate-nominee-director
- 2006-05-24➖JPCORD LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in 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.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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 high · 1 med ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-12-29: liquidation-voluntary-arrangement-completion; 2022-08-19: liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
Companies House flags prior insolvency events. Review the insolvency filings for context.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Suleyman Aslanoglu Ali Individual · British · DOB 06/1986 · age 40 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 17/05/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
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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 (1 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Adams Wholesale Southern Group Adams Wholesale Southern Group LTD | A registered charge | 1 property | 07/07/2021 | 03/09/2024 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 12/09/2017 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 09/06/2017 | 03/09/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 06/12/2010 | 06/08/2014 | |
| outstanding | Suleyman Aslanoglu Ali | Debenture | 1 property | 16/04/2010 | — |