ADG CHIROPRACTIC LIMITED

💤Zombieactive
06237533 · ltd · incorporated 2007-05-04
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 Dec 2024
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees100100

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-05-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2015-05-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2014-06-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2011-12-14
    GREIG, Andrew Donald Anderson appointed
    director
  18. 2011-12-14
    BOW, Christopher John resigned
    director
  19. 2011-07-18
    CORAM, Robert Stanley resigned
    secretary
  20. 2007-05-04
    🏢
    Company incorporated
    As ADG CHIROPRACTIC LIMITED
  21. 2007-05-04
    CORAM, Robert Stanley appointed
    secretary
  22. 2007-05-04
    BOW, Christopher John appointed
    director

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • 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

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-18

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Andrew Donald Anderson Grieg
Individual · British · DOB 09/1957 · age 69
2550%
25–50%25-50% shares · 25-50% voting30/06/2016
Mrs Wendy Greig
Individual · British · DOB 06/1952 · age 74
2550%
25–50%25-50% shares · 25-50% voting30/06/2016

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
Incorporated2007-05-04
Jurisdictionengland-wales
Primary SIC86900 — Other human health activities

Registered office

The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-18OVERDUE
Last: 2025-05-04

Officers (1 active · 2 resigned)

GREIG, Andrew Donald Anderson
director · ~69y · appointed 2011-12-14
View their other companies + combined net worth →
Active
CORAM, Robert Stanley
secretary · appointed 2007-05-04 · resigned 2011-07-18
Resigned
BOW, Christopher John
director · ~82y · appointed 2007-05-04 · resigned 2011-12-14
Resigned

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

Recent filings (46 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-24