ADAAN LIMITED

💤Zombieactive
06278306 · ltd · incorporated 2007-06-13
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 Aug 2024
Net worth
£841.7k
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Retail sale of cosmetic and toilet articles in specialised stores
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 65/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (78/100)

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 (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £841,665
Net assets shrinking
Down £8,330 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£842k
~ YoY
Current Assets
£590k
↓ 47% YoY
Current Liabilities
£0£221k£442k£662k£883k£1.1mAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-08-312023-08-31
Total assets£842.5k£850.0k
Current assets£589.9k£1.10M
Cash£39.0k
Debtors£634.8k
Net assets£841.7k£850.0k

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-03-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-08-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2023-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2019-08-09
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2019-08-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2019-07-29
    AKHTAR, Mubashir appointed
    secretary
  11. 2019-07-29
    AKHTAR, Nasira resigned
    secretary
  12. 2019-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2019-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-07-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2019-03-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-03-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2007-06-13
    🏢
    Company incorporated
    As ADAAN LIMITED
  19. 2007-06-13
    AKHTAR, Mubashir appointed
    director
  20. 2007-06-13
    AKHTAR, Nasira appointed
    secretary

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mubashir Akhtar
Individual · British · DOB 07/1981 · age 45
75100%
75-100% shares30/05/2017

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

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
Incorporated2007-06-13
Jurisdictionengland-wales
Primary SIC47750 — Retail sale of cosmetic and toilet articles in specialised stores

Registered office

146 Rushey Green
Catford
London
SE6 4HQ

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-06-26
Last: 2026-06-12

Officers (2 active · 1 resigned)

AKHTAR, Mubashir
secretary · appointed 2019-07-29
View their other companies + combined net worth →
Active
AKHTAR, Mubashir
director · ~45y · appointed 2007-06-13
View their other companies + combined net worth →
Active
AKHTAR, Nasira
secretary · appointed 2007-06-13 · resigned 2019-07-29
Resigned

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

Recent filings (45 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-27
change-account-reference-date-company-previous-extended
accounts · AA01
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-16
appoint-person-secretary-company-with-name-date
officers · AP03
2019-08-09