ADP HEALTHCARE ACQUISITIONS LIMITED
Opportunity 42/100 (watch), bankability 52/100. 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: strategic trade sale (38/100). Current lenders should be on monthly review.
Refinance opportunity
4 live charges · 4 lenders · oldest 19.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 19.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (79 events)Click to expand
- 2025-06-11⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-06-11🏁Company dissolved
- 2025-04-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-11⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2025-01-31📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-16➖RIALL, Tom resigneddirector
- 2024-08-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-17📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2024-06-17📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-05-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-20⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-05-20📄resolutionresolution · RESOLUTIONS
- 2024-05-20⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2024-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-01📄capital-allotment-sharescapital · SH01
- 2024-05-01📄capital-allotment-sharescapital · SH01
- 2024-04-29📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-04-29📄legacycapital · SH20
- 2024-04-29⚠️legacyinsolvency · CAP-SS
- 2024-04-29📄resolutionresolution · RESOLUTIONS
- 2024-04-11➖PRASAD, Manish resigneddirector
- 2024-01-10📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-12-22📄legacyaccounts · PARENT_ACC
- 2023-12-22📄legacyother · GUARANTEE2
- 2023-12-22📄legacyother · AGREEMENT2
- 2023-01-10📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2020-11-27➕PANDYA, Nilesh Kundanlal appointeddirector
- 2020-01-31➕ROSEBY, Stephen appointedsecretary
- 2020-01-31➖CARROLL, Leo Damian resignedsecretary
- 2019-04-05➕STORAH, Richard appointeddirector
- 2019-04-05➖SHAFI KHAN, Mohammed Omar resigneddirector
- 2017-10-16➕SHAFI KHAN, Mohammed Omar appointeddirector
- 2017-07-31➕WHITLEY, Krista Nyree appointeddirector
- 2017-07-31➕CARROLL, Leo Damian appointedsecretary
- 2017-07-31➖ROBSON, William Henry Mark resignedsecretary
- 2017-07-31➖ROBSON, William Henry Mark resigneddirector
- 2017-07-31➖WILLIAMS, Stephen Robert resigneddirector
- 2017-05-08➕RIALL, Tom appointeddirector
- 2017-03-31➖SCICLUNA, Terence Joseph resigneddirector
- 2016-08-19🔓Charge satisfied #4
- 2016-04-22🔓Charge satisfied #1
- 2014-10-31➖MCDONALD, Elizabeth Mary resignedsecretary
- 2014-10-31➕ROBSON, William Henry Mark appointedsecretary
- 2014-02-01➕PRASAD, Manish appointeddirector
- 2014-01-30➕SCICLUNA, Terence Joseph appointeddirector
- 2013-12-27➖MORGAN, Fiona Jacqueline resigneddirector
- 2013-11-30➖SMITH, Richard Charles resigneddirector
- 2013-05-30🔒Charge registered #4Lender: U.S.Bank Trustees Limited (The "Security Agent")
- 2013-05-30🔓Charge satisfied #3
- 2012-11-07➕MCDONALD, Elizabeth Mary appointedsecretary
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-06-11
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-06-11: gazette-dissolved-liquidation; 2025-03-11: liquidation-voluntary-members-return-of-final-meeting
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adp Healthcare Services Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
Turnstone Equityco 1 Limited Corporate entity | — | — | board controlboard control | 06/04/2016 |
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.
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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 (0 active · 21 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | U.S.Bank Trustees (The "Security Agent") U.S.Bank Trustees Limited (The "Security Agent") | A registered charge | 1 property | 30/05/2013 | 19/08/2016 | |
| satisfied | Ing Bank N.V., London Branch | Fixed and floating security document | 1 property | 11/05/2011 | 30/05/2013 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The Security Agent) | Group debenture | 1 property | 30/11/2009 | 13/05/2011 | |
| satisfied | Kaupthing Bank Hf as Security Trustee for the Secured Parties (The Security Agent) | Group debenture | 1 property | 02/03/2007 | 22/04/2016 |