ADELPHI MASTERFIL LIMITED

🌳Matureactive

06403478 · ltd · incorporated 2007-10-18

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 18.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 28990

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.3y

70/100

ready

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

· Oldest live charge is 18.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: high (81/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

18 officers (7 active, 18 linked, 15 with DOB)

Ownership & PSC

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

Director network

6 connected companies via shared directors

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

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	2024-09-30	2023-09-30
Average employees	3900	3900

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2025-07-30
📄
memorandum-articles
incorporation · MA
2025-07-30
📄
resolution
resolution · RESOLUTIONS
2025-06-30
📄
accounts-with-accounts-type-small
accounts · AA
2024-06-27
📄
accounts-with-accounts-type-small
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-small
accounts · AA
2023-03-17
📄
resolution
resolution · RESOLUTIONS
2023-03-17
📄
memorandum-articles
incorporation · MA
2022-06-28
📄
accounts-with-accounts-type-small
accounts · AA
2021-06-23
📄
accounts-with-accounts-type-small
accounts · AA
2020-10-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-09
➕
THETHY, Satal appointed
director
2020-06-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-26
➕
OLIVER, Samantha Jayne appointed
director
2020-06-22
📄
accounts-with-accounts-type-small
accounts · AA
2020-02-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-02-03
➖
NETO, Francisco resigned
director
2019-07-03
📄
accounts-with-accounts-type-small
accounts · AA
2019-04-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-04-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-04-17
🔒
Charge registered #2
Lender: Santander UK PLC
2019-04-17
🔓
Charge satisfied #1
2018-11-01
📄
change-person-director-company-with-change-date
officers · CH01
2017-10-12
➖
SMITH, Daniel resigned
director
2017-06-09
➖
HART, Jeremy William resigned
director
2017-06-09
➕
NETO, Francisco appointed
director
2015-02-27
➖
GEY VAN PITTIUS, Hugo resigned
director
2014-10-29
➕
WILSON, Christopher John appointed
director
2014-10-29
➖
WILLIS, Dean James resigned
director
2013-05-03
➖
HOLLAND, Philomena resigned
director
2013-02-11
➕
HART, Jeremy William appointed
director
2013-02-11
➕
WILLIS, Dean James appointed
director
2012-05-31
➖
HARRISON, Michael John resigned
director
2012-04-10
➕
SMITH, Daniel appointed
director
2012-04-05
➖
ROUTLEY, David Edwin, Julian resigned
director
2012-01-03
➕
GEY VAN PITTIUS, Hugo appointed
director
2010-10-01
➖
BURTON, Keith John resigned
director
2010-10-01
➕
HARRISON, Michael John appointed
director
2010-10-01
➕
ROUTLEY, David Edwin, Julian appointed
director
2010-03-01
➕
MCGUIRE, Catharine Mary appointed
director
2009-01-28
➕
BURTON, Keith John appointed
director
2008-01-23
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2007-10-18
🏢
Company incorporated
As ADELPHI MASTERFIL LIMITED
2007-10-18
➕
HOLROYD, Angela Christine appointed
secretary
2007-10-18
➕
HOLROYD, Angela Christine appointed
director
2007-10-18
➕
HOLROYD, Stephen Barron appointed
director
2007-10-18
➕
SECRETARIAL APPOINTMENTS LIMITED appointed
corporate-nominee-secretary
2007-10-18
➖
SECRETARIAL APPOINTMENTS LIMITED resigned
corporate-nominee-secretary
2007-10-18
➕
HOLLAND, Philomena appointed
director
2007-10-18
➕
CORPORATE APPOINTMENTS LIMITED appointed
corporate-nominee-director
2007-10-18
➖
CORPORATE APPOINTMENTS LIMITED resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 70+: Senior director is approximately 83 years old. Natural succession window is now.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen Barron Holroyd Individual · British · DOB 01/1943 · age 83	—	—	sig. influencesignificant influence	06/04/2016

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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ADAPT FURNITURE LIMITED→ 08907768 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
ADELPHI MANUFACTURING COMPANY,LIMITED→ 00434896 · est 1947 · no financials extracted	—	—	—	—	78y	—	—
ADRIAN MOBILE LOCKSMITH LIMITED→ 06588243 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
ADRIAN WOOD ASSOCIATES LIMITED→ 04707114 · est 2003 · no financials extracted	—	—	—	—	23y	—	—

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

Incorporated2007-10-18

Jurisdictionengland-wales

Primary SIC28990 — SIC 28990

Registered office

Olympus House

Mill Green Road

Haywards Heath

West Sussex

RH16 1XQ

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-11-01

Last: 2025-10-18