ADP PRIMARY CARE ACQUISITIONS LIMITED
🌳Matureactive
07023238 · ltd · incorporated 2009-09-18
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 16.6y old — refinance window within 12 months
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 16.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 16.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
14 officers (3 active, 14 linked, 11 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 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
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
- 2025-11-13📄memorandum-articlesincorporation · MA
- 2025-10-22📄capital-alter-shares-redemption-statement-of-capitalcapital · SH02
- 2025-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-14📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-10-14📄legacycapital · SH20
- 2025-10-14⚠️legacyinsolvency · CAP-SS
- 2025-10-14📄resolutionresolution · RESOLUTIONS
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-10-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-20➖BONNAVION, Jean Michel Claude resigneddirector
- 2021-09-20➖ELSON, Louis Goodman resigneddirector
- 2021-09-13📄memorandum-articlesincorporation · MA
- 2021-09-13📄resolutionresolution · RESOLUTIONS
- 2021-09-08📄resolutionresolution · RESOLUTIONS
- 2021-09-02📄capital-allotment-sharescapital · SH01
- 2021-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-29➕GIUSEPPETTI, Fabio Massimo appointeddirector
- 2021-01-29➕KADAR, Aqib Shezad appointeddirector
- 2014-04-08➕ELSON, Louis Goodman appointeddirector
- 2014-04-08➖HEATHCOTE, Jonathan Lister resigneddirector
- 2011-09-02➖CAUPERS, Ricardo resigneddirector
- 2011-09-02➖GARDNER, Anthony Luzzatto resigneddirector
- 2011-09-01➕BONNAVION, Jean Michel Claude appointeddirector
- 2011-09-01➕HEATHCOTE, Jonathan Lister appointeddirector
- 2011-05-13🔓Charge satisfied #1
- 2011-03-14➖BONNAVION, Jean Michel Claude resigneddirector
- 2011-03-14➕CAUPERS, Ricardo appointeddirector
- 2011-03-14➕GARDNER, Anthony Luzzatto appointeddirector
- 2011-03-14➖HEATHCOTE, Jonathan Lister resigneddirector
- 2010-01-18➕PINSENT MASONS SECRETARIAL LIMITED appointedcorporate-secretary
- 2010-01-18➖TRUSEC LIMITED resignedcorporate-nominee-secretary
- 2009-11-30🔒Charge registered #1Lender: Lloyds Tsb Bank PLC (The Security Agent)
- 2009-10-23➕BONNAVION, Jean Michel Claude appointeddirector
- 2009-09-25➕HEATHCOTE, Jonathan Lister appointeddirector
- 2009-09-25➖WALTERS, Jonathan Daniel resigneddirector
- 2009-09-25➖TRUSEC LIMITED resignedcorporate-nominee-director
- 2009-09-18🏢Company incorporatedAs ADP PRIMARY CARE ACQUISITIONS LIMITED
- 2009-09-18➕TRUSEC LIMITED appointedcorporate-nominee-secretary
- 2009-09-18➕MONIR, Nicole Frances appointeddirector
- 2009-09-18➖MONIR, Nicole Frances resigneddirector
- 2009-09-18➕WALTERS, Jonathan Daniel appointeddirector
- 2009-09-18➕TRUSEC LIMITED appointedcorporate-nominee-director
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-10-14: legacy
Group structure
Adp Primary Care Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Adp Primary Care Services Limited
Corporate parent · holds 75-100% shares · board control
⬇
ADP PRIMARY CARE ACQUISITIONS LIMITED
This company · 07023238
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 |
|---|---|---|---|---|
Adp Primary Care Services Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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
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 →🔒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
Incorporated2009-09-18
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
1 Park Row
Leeds
LS1 5AB
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18
Officers (3 active · 11 resigned)
PINSENT MASONS SECRETARIAL LIMITED→
Activecorporate-secretary · appointed 2010-01-18
View their other companies + combined net worth →
GIUSEPPETTI, Fabio Massimo→
Activedirector · ~61y · appointed 2021-01-29
View their other companies + combined net worth →
KADAR, Aqib Shezad→
Activedirector · ~43y · appointed 2021-01-29
View their other companies + combined net worth →
TRUSEC LIMITED→
Resignedcorporate-nominee-secretary · appointed 2009-09-18 · resigned 2010-01-18
BONNAVION, Jean Michel Claude→
Resigneddirector · ~55y · appointed 2011-09-01 · resigned 2021-09-20
BONNAVION, Jean Michel Claude→
Resigneddirector · ~55y · appointed 2009-10-23 · resigned 2011-03-14
CAUPERS, Ricardo→
Resigneddirector · ~50y · appointed 2011-03-14 · resigned 2011-09-02
ELSON, Louis Goodman→
Resigneddirector · ~64y · appointed 2014-04-08 · resigned 2021-09-20
GARDNER, Anthony Luzzatto→
Resigneddirector · ~63y · appointed 2011-03-14 · resigned 2011-09-02
HEATHCOTE, Jonathan Lister→
Resigneddirector · ~65y · appointed 2011-09-01 · resigned 2014-04-08
HEATHCOTE, Jonathan Lister→
Resigneddirector · ~65y · appointed 2009-09-25 · resigned 2011-03-14
MONIR, Nicole Frances→
Resigneddirector · ~59y · appointed 2009-09-18 · resigned 2009-09-18
WALTERS, Jonathan Daniel→
Resigneddirector · ~45y · appointed 2009-09-18 · resigned 2009-09-25
TRUSEC LIMITED→
Resignedcorporate-nominee-director · appointed 2009-09-18 · resigned 2009-09-25
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The Security Agent) | Group debenture | 1 property | 30/11/2009 | 13/05/2011 |
Recent filings (87 total)
memorandum-articles
incorporation · MA
2025-11-13
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2025-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-16
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-10-14
legacy
capital · SH20
2025-10-14
legacy
insolvency · CAP-SS
2025-10-14
resolution
resolution · RESOLUTIONS
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23