ADAM RECRUITMENT LIMITED

🌳Matureactive

05842266 · ltd · incorporated 2006-06-09

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2024

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Other activities of employment placement agencies

Sector: Administrative & support services

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.8y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 19.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

9 officers (5 active, 9 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

4 connected companies via shared directors

Filing history

82 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-06-30	2023-06-30
Average employees	1400	1500

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-21
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-02-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-02
🔓
Charge satisfied #4
2021-12-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-01
➕
BAKER, Peter James appointed
director
2020-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-04-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-15
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2018-07-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-07-03
📄
capital-allotment-shares
capital · SH01
2018-06-08
➕
GAHAGAN, Vanessa Claire appointed
director
2015-02-17
🔓
Charge satisfied #3
2014-11-05
🔒
Charge registered #4
Lender: Abn Amro Commercial Finance PLC
2013-11-29
🔓
Charge satisfied #2
2013-11-20
🔒
Charge registered #3
Lender: Rbs Invoice Finance Limited
2012-05-10
➖
MONTGOMERY, Simon Ritson resigned
director
2007-06-09
➖
JORDAN COMPANY SECRETARIES LIMITED resigned
corporate-secretary
2006-11-13
🔒
Charge registered #2
Lender: Rbs Invoice Finance Limited
2006-08-14
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2006-08-01
➕
GAHAGAN, Richard Charles appointed
secretary
2006-08-01
➕
GAHAGAN, Richard Charles appointed
director
2006-08-01
➕
MILNS, Leon Charles Stamford appointed
director
2006-08-01
➖
CHEETHAM, Julian Paul resigned
director
2006-08-01
➕
MONTGOMERY, Simon Ritson appointed
director
2006-06-09
🏢
Company incorporated
As ADAM RECRUITMENT LIMITED
2006-06-09
➕
JORDAN COMPANY SECRETARIES LIMITED appointed
corporate-secretary
2006-06-09
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
2006-06-09
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary
2006-06-09
➕
CHEETHAM, Julian Paul appointed
director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

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 med ·

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.

Group structure

Weareadam Eot Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Weareadam Eot Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ADAM RECRUITMENT LIMITED

This company · 05842266

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Weareadam Eot Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control · trust interest	20/02/2023

2 historic (ceased) PSCs

Mr Richard Charles Gahaganceased 20/02/2023· 25-50% shares
Mr Leon Charles Stamford Milnsceased 20/02/2023· 25-50% shares

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

6 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

Incorporated2006-06-09

Jurisdictionengland-wales

Primary SIC78109 — Other activities of employment placement agencies

Registered office

5th Floor Margolis Building

37 Turner Street

Manchester

M4 1DG

England

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-06-30

Confirmation statement

Next due: 2027-01-22

Last: 2026-01-08