ADAMANT DEVELOPMENTS LTD

🌳Matureactive
06411701 · ltd · incorporated 2007-10-29
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-285.5k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 18.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 6 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £285,473
Cash YoY
+112%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£31k
↑ 112% YoY
Net Worth
-£285k
↓ 18% YoY
Current Assets
£1.8m
↑ 3.6% YoY
Current Liabilities
—
-£285k£130k£545k£959k£1.4m£1.8mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-142.3k£-101.8k
Current assets£1.79M£1.73M
Cash£30.8k£14.5k
Debtors£1.33M£1.29M
Net assets£-285.5k£-241.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
2
filings
  • • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-09-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-03-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2018-03-21
    🔒
    Charge registered #5
    Lender: Lloyds Bank PLC
  12. 2018-03-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2018-03-15
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC
  14. 2018-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-12-07
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  16. 2017-04-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-04-15
    🔓
    Charge satisfied #2
  18. 2016-12-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  19. 2016-11-10
    🔓
    Charge satisfied #3
  20. 2015-03-18
    🔓
    Charge satisfied #1
  21. 2015-01-23
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 2014-11-11
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 2014-07-03
    ➕
    WITHALL, James Michael appointed
    director
  24. 2013-12-24
    ➕
    WITHALL, James Michael appointed
    secretary
  25. 2013-12-24
    ➖
    BOOTH, Marc resigned
    secretary
  26. 2013-12-24
    ➖
    WITHALL, Mark John resigned
    director
  27. 2012-07-07
    ➖
    BOOTH, Adam resigned
    secretary
  28. 2012-07-07
    ➕
    BOOTH, Marc appointed
    secretary
  29. 2012-07-07
    ➖
    WITHALL, James Michael resigned
    director
  30. 2012-07-07
    ➕
    WITHALL, Mark John appointed
    director
  31. 2012-06-05
    ➕
    BOOTH, Adam appointed
    secretary
  32. 2012-06-05
    ➖
    BOOTH, Marc resigned
    secretary
  33. 2012-06-05
    ➕
    WITHALL, James Michael appointed
    director
  34. 2012-06-05
    ➖
    WITHALL, Mark John resigned
    director
  35. 2012-04-10
    ➕
    BOOTH, Marc appointed
    secretary
  36. 2012-04-10
    ➕
    WITHALL, Mark John appointed
    director
  37. 2012-04-09
    ➖
    BOOTH, Adam resigned
    secretary
  38. 2012-04-09
    ➖
    WITHALL, James Michael resigned
    director
  39. 2007-12-10
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  40. 2007-10-29
    🏢
    Company incorporated
    As ADAMANT DEVELOPMENTS LTD
  41. 2007-10-29
    ➕
    BOOTH, Adam appointed
    director
  42. 2007-10-29
    ➕
    BOOTH, Adam appointed
    secretary
  43. 2007-10-29
    ➕
    WITHALL, James Michael appointed
    director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +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.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Adam Thomas Booth
Individual · British · DOB 02/1979 · age 47
——sig. influencesignificant influence · trust interest · firm interest01/06/2016

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

6 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
Incorporated2007-10-29
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Westbury Court Church Road
Westbury-On-Trym
Bristol
BS9 3EF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07

Officers (3 active · 8 resigned)

WITHALL, James Michael→
secretary · appointed 2013-12-24
View their other companies + combined net worth →
Active
BOOTH, Adam→
director · ~47y · appointed 2007-10-29
View their other companies + combined net worth →
Active
WITHALL, James Michael→
director · ~48y · appointed 2014-07-03
View their other companies + combined net worth →
Active
BOOTH, Adam→
secretary · appointed 2012-06-05 · resigned 2012-07-07
Resigned
BOOTH, Adam→
secretary · appointed 2007-10-29 · resigned 2012-04-09
Resigned
BOOTH, Marc→
secretary · appointed 2012-07-07 · resigned 2013-12-24
Resigned
BOOTH, Marc→
secretary · appointed 2012-04-10 · resigned 2012-06-05
Resigned
WITHALL, James Michael→
director · ~48y · appointed 2012-06-05 · resigned 2012-07-07
Resigned
WITHALL, James Michael→
director · ~48y · appointed 2007-10-29 · resigned 2012-04-09
Resigned
WITHALL, Mark John→
director · ~53y · appointed 2012-07-07 · resigned 2013-12-24
Resigned
WITHALL, Mark John→
director · ~53y · appointed 2012-04-10 · resigned 2012-06-05
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property21/03/2018—
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property15/03/2018—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property23/01/201510/11/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—11/11/201415/04/2017
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
Mortgage deed1 property10/12/200718/03/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-17