ADELFAS LIMITED

🌳Matureactive
06257763 · ltd · incorporated 2007-05-23
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 87-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 87). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 14.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 14.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees1100

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
6
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-12-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-11-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-11-28
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2025-11-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-06-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2025-06-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-04-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-04-09
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2021-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2020-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2020-09-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2020-09-28
    🔓
    Charge satisfied #1
  22. 2014-01-02
    ➕
    PAGIN, Lisa Jane appointed
    director
  23. 2013-11-27
    ➖
    CHAMBERS, Russell resigned
    director
  24. 2011-11-16
    🔒
    Charge registered #1
    Lender: Lisa Pagin
  25. 2007-06-01
    ➕
    CHAMBERS, Patricia appointed
    secretary
  26. 2007-06-01
    ➕
    CHAMBERS, Patricia appointed
    director
  27. 2007-06-01
    ➖
    CORBRIDGE, David resigned
    secretary
  28. 2007-06-01
    ➕
    CHAMBERS, Russell appointed
    director
  29. 2007-06-01
    ➖
    CORBRIDGE, David resigned
    director
  30. 2007-06-01
    ➖
    SHERMAN, Neil Hubert Izon resigned
    director
  31. 2007-05-23
    🏢
    Company incorporated
    As ADELFAS LIMITED
  32. 2007-05-23
    ➕
    CORBRIDGE, David appointed
    secretary
  33. 2007-05-23
    ➕
    CORBRIDGE, David appointed
    director
  34. 2007-05-23
    ➕
    SHERMAN, Neil Hubert Izon appointed
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 87 — succession pressure is live.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 87 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Patricia Chambers
Individual · British · DOB 01/1939 · age 87
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

7 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
Incorporated2007-05-23
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Bay View
Gyllyngvase Road
Falmouth
Cornwall
TR11 4DJ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-06-06
Last: 2025-05-23

Officers (3 active · 4 resigned)

CHAMBERS, Patricia→
secretary · appointed 2007-06-01
View their other companies + combined net worth →
Active
CHAMBERS, Patricia→
director · ~87y · appointed 2007-06-01
View their other companies + combined net worth →
Active
PAGIN, Lisa Jane→
director · ~59y · appointed 2014-01-02
View their other companies + combined net worth →
Active
CORBRIDGE, David→
secretary · appointed 2007-05-23 · resigned 2007-06-01
Resigned
CHAMBERS, Russell→
director · ~87y · appointed 2007-06-01 · resigned 2013-11-27
Resigned
CORBRIDGE, David→
director · ~76y · appointed 2007-05-23 · resigned 2007-06-01
Resigned
SHERMAN, Neil Hubert Izon→
director · ~78y · appointed 2007-05-23 · resigned 2007-06-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lisa Pagin
Legal charge2 properties16/11/201128/09/2020

Recent filings (60 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-01
change-person-director-company-with-change-date
officers · CH01
2025-11-28
change-person-secretary-company-with-change-date
officers · CH03
2025-11-28
change-person-director-company-with-change-date
officers · CH01
2025-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-16
change-person-director-company-with-change-date
officers · CH01
2025-06-05
change-person-director-company-with-change-date
officers · CH01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05