ADDOOCO IT LIMITED
- 62090Other information technology service activities
Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 41). 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: strategic trade sale (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 7.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2000 | 2100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (23 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-09-02📄capital-allotment-sharescapital · SH01
- 2024-09-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-23🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2023-07-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-24🔓Charge satisfied #1
- 2023-07-24🔓Charge satisfied #2
- 2023-05-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-11📄resolutionresolution · RESOLUTIONS
- 2023-05-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-05-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-01-19📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2021-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-02🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2018-06-29🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Clydesdale Bank and Yorkshire Bank)
- 2008-09-02🏢Company incorporatedAs ADDOOCO IT LIMITED
- 2008-09-02➕WALTERS, Richard appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Walters Capital Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Walters Capital Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 21/04/2023 |
1 historic (ceased) PSC
- Mr Richard Waltersceased 21/04/2023· 75-100% shares · 75-100% voting · board control · significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Technology · S postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J CLARKE CONSULTING LTD→ 16928964 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCED TESTING SOLUTIONS LIMITED→ 09690645 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADVISORY VISTA LIMITED→ 16787965 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AE ANALYTICS LTD→ 15964539 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AEGIQ LTD→ 12359822 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AEROVISION DRONE SERVICES UK LTD→ 15706631 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AESTHETIC SECURITY LTD→ 16186206 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AETERNUM CONSULTANCY LTD→ 17049730 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AFFILIATE LEADS LTD→ 09953336 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AFRICAN VOICES PLATFORM C.I.C.→ 13035781 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AGENTIC AUTOMATION LTD→ 16633031 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGHOCO 1337 LIMITED→ 09772405 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 23/08/2023 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | 1 property | 02/07/2018 | 24/07/2023 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 29/06/2018 | 24/07/2023 |