ADCO N/W LIMITED
💤Zombieactive
06862346 · ltd · incorporated 2009-03-28
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 Mar 2025
Net worth
£90.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 14.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £90,056
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£90k
↑ 13% YoY
Current Assets
£64k
↑ 27% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £466.1k | £498.6k |
| Current assets | £64.1k | £50.7k |
| Net assets | £90.1k | £79.5k |
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 (23 events)Click to expand
- 2025-11-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-12-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-10-17🔒Charge registered #3Lender: National Westminster Bank PLC
- 2014-08-11🔒Charge registered #2Lender: National Westminster Bank PLC
- 2013-07-25🔓Charge satisfied #1
- 2012-02-24🔒Charge registered #1Lender: Barclays Bank PLC
- 2012-01-30➕PATEL, Mradula appointeddirector
- 2012-01-30➖PATEL, Pankaj resigneddirector
- 2009-03-28🏢Company incorporatedAs ADCO N/W LIMITED
- 2009-03-28➕PATEL, Pankaj appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
98/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 17 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
cleanNo 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 |
|---|---|---|---|---|
Ms Dharini Patel Individual · British · DOB 02/1984 · age 42 | 25–50% | — | 25-50% shares | 09/04/2018 |
Mrs Mradula Patel Individual · British · DOB 12/1956 · age 70 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Trade services · OL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A I & Y ENTERPRISE LTD→ 14853279 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A. HOLDEN & SON (LITTLEBOROUGH) LIMITED→ 00804390 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| A.E. DIXON & SON LIMITED→ 00329884 · est 1937 · no financials extracted | — | — | — | — | 88y | — | — |
| ACCESSORY LINE UK LTD→ 09344177 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ACTFAST DRAIN SERVICES LTD→ 06664303 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ADAM BARBER TODMORDEN LIMITED→ 16861005 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAM WILKEY LIMITED→ 05930891 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ADAM'S BARBER (ASHTON) LIMITED→ 15569995 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAMS CUT LTD→ 14071453 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADEPT ALL IN ONE LTD→ 12191428 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADVANCE FITNESS SOLUTIONS LIMITED→ 07672488 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ADVANCED AIRFLOW SOLUTIONS LIMITED→ 05697880 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2009-03-28
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
C/O Seftons
135-143 Union Street
Oldham
OL1 1TE
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-11
Last: 2026-03-28
Officers (1 active · 1 resigned)
PATEL, Mradula→
Activedirector · ~70y · appointed 2012-01-30
View their other companies + combined net worth →
PATEL, Pankaj→
Resigneddirector · ~70y · appointed 2009-03-28 · resigned 2012-01-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 17/10/2014 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 11/08/2014 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 24/02/2012 | 25/07/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (44 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-17