ADAGE ENGINEERING LIMITED

🌳Matureactive

06694140 · ltd · incorporated 2008-09-10

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 25990

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (55/100)

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

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

40 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-18
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-09-10
🏢
Company incorporated
As ADAGE ENGINEERING LIMITED
2008-09-10
➕
RANDALL, Hayley Claire appointed
director
2008-09-10
➕
RANDALL, Matthew Alexander appointed
director

Owner dependency

81/100

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 18 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 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

clean

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Matthew Alexander Randall Individual · British · DOB 02/1969 · age 57	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Ms Hayley Claire Randall Individual · British · DOB 10/1972 · age 54	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2008-09-10

Jurisdictionengland-wales

Primary SIC25990 — SIC 25990

Registered office

Coate Barn Etchilhampton Road

Coate

Devizes

Wiltshire

SN10 3LD

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-09-24

Last: 2025-09-10

Officers (2 active · 0 resigned)

RANDALL, Hayley Claire→

director · ~54y · appointed 2008-09-10

View their other companies + combined net worth →

Active

RANDALL, Matthew Alexander→

director · ~57y · appointed 2008-09-10

View their other companies + combined net worth →

Active

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