AD MERCHANDISE LIMITED
🌳Matureactive
06986570 · ltd · incorporated 2009-08-10
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 16.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£691.8k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 83/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 16.2y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 16.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
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 · accounting standard not declaredPositive net assets
Net assets £691,848
Cash YoY
-9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£449k
↓ 8.6% YoY
Net Worth
£692k
↑ 27% YoY
Current Assets
£2.8m
↑ 51% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £720.3k | £622.6k |
| Current assets | £2.81M | £1.86M |
| Cash | £448.7k | £490.8k |
| Debtors | £2.36M | £1.37M |
| Net assets | £691.8k | £543.5k |
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
0
filings
Last 90 days
1
filing
- • 1 officers
Last 180 days
3
filings
- • 1 officers
- • 1 resolution
- • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-27➕HUGHES, Alan appointeddirector
- 2026-01-12📄resolutionresolution · RESOLUTIONS
- 2026-01-12📄memorandum-articlesincorporation · MA
- 2025-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-04-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-21📄change-person-director-company-with-change-dateofficers · CH01
- 2021-09-21📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-09-11➕GREEN, Nicholas appointeddirector
- 2020-08-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-08-14🔓Charge satisfied #2
- 2020-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-05-27🔒Charge registered #2Lender: National Westminster Bank PLC
- 2020-04-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-04-06➖MOODIE, David George resignedsecretary
- 2018-04-06➖MOODIE, David George resigneddirector
- 2010-03-19🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 2009-10-01➕NAGRA, Amarjit Singh appointeddirector
- 2009-08-12➕MOODIE, David George appointedsecretary
- 2009-08-12➕MOODIE, David George appointeddirector
- 2009-08-10🏢Company incorporatedAs AD MERCHANDISE LIMITED
- 2009-08-10➕EVANS, Rhys appointeddirector
- 2009-08-10➖EVANS, Rhys resigneddirector
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
53/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondary12+ year tenure: Director in role 17 years.
- 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Amarijit Singh Nagra Individual · British · DOB 04/1978 · age 48 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mr David George Moodieceased 06/04/2018· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Wholesale & distribution · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACHI77 LTD→ 11543527 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACL MANAGEMENT LTD→ 12207750 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACOMX LIMITED→ 14623473 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ACTIVE SOURCE LTD→ 16956650 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACTRON GLOBAL LIMITED→ 16820668 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTROS FOR TRADING LTD→ 16855300 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADA UK HOLDINGS LTD→ 13969981 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ADAM AND EESA LIMITED→ 09166650 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ADAM TRADERS LIMITED→ 11170410 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADAM WARNER LTD→ 16673794 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADDI-TEC LIMITED→ 05483953 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ADDICTED ORIGINAL LTD→ 11116024 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated2009-08-10
Jurisdictionengland-wales
Primary SIC46760 — SIC 46760
Registered office
Trafford House Chester Road
Stretford
Manchester
M32 0RS
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (3 active · 3 resigned)
GREEN, Nicholas→
Activedirector · ~37y · appointed 2020-09-11
View their other companies + combined net worth →
HUGHES, Alan→
Activedirector · ~59y · appointed 2026-03-27
View their other companies + combined net worth →
NAGRA, Amarjit Singh→
Activedirector · ~48y · appointed 2009-10-01
View their other companies + combined net worth →
MOODIE, David George→
Resignedsecretary · appointed 2009-08-12 · resigned 2018-04-06
EVANS, Rhys→
Resigneddirector · ~48y · appointed 2009-08-10 · resigned 2009-08-10
MOODIE, David George→
Resigneddirector · ~73y · appointed 2009-08-12 · resigned 2018-04-06
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 27/05/2020 | 14/08/2020 | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | Debenture | 1 property | 19/03/2010 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-03-28
resolution
resolution · RESOLUTIONS
2026-01-12
memorandum-articles
incorporation · MA
2026-01-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-21
change-person-director-company-with-change-date
officers · CH01
2021-09-21
change-person-director-company-with-change-date
officers · CH01
2021-09-21