CADMAN COMMERCIAL SERVICES LIMITED

🌳Matureactive
07234296 · ltd · incorporated 2010-04-26
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 16.0y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Retail sale of footwear in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 74/100 (strong), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 16.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 16.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-01-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-15
    PERCIVAL, John Martyn resigned
    director
  3. 2025-12-09
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-11-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-12-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-10-07
    DEARY, Matthew Denis resigned
    director
  12. 2021-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-09-08
    CADMAN, Jack Emerson appointed
    director
  16. 2021-09-08
    PERCIVAL, John Martyn appointed
    director
  17. 2020-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2020-02-14
    APPLETON, David Michael resigned
    director
  19. 2020-02-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-01-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2020-01-07
    DEARY, Matthew Denis appointed
    director
  22. 2019-12-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2012-05-01
    ASTON HOUSE NOMINEES LIMITED resigned
    corporate-secretary
  24. 2010-06-09
    🔒
    Charge registered #1
    Lender: Mr Terence David Davison
  25. 2010-04-26
    🏢
    Company incorporated
    As CADMAN COMMERCIAL SERVICES LIMITED
  26. 2010-04-26
    CADMAN, Giles Dearing appointed
    director
  27. 2010-04-26
    ASTON HOUSE NOMINEES LIMITED appointed
    corporate-secretary
  28. 2010-04-26
    APPLETON, David Michael appointed
    director

Owner dependency

91/100
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.
  • +Founder name in company name: Company name contains director surname "CADMAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

19/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — CADMAN, Jack Emerson (same surname) appointed 2021-09-08. Pattern consistent with intra-family handover.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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 ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-12-09: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Giles Dearing Cadman
Individual · British · DOB 10/1969 · age 57
sig. influencesignificant influence06/04/2016

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 →

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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.

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.

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Company details

Statusactive
Typeltd
Incorporated2010-04-26
Jurisdictionengland-wales
Primary SIC47721 — Retail sale of footwear in specialised stores

Registered office

1-4 South Lodge Offices 100 Wellingborough Road
Ecton
Northampton
Northamptonshire
NN6 0QR
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (2 active · 4 resigned)

CADMAN, Giles Dearing
director · ~57y · appointed 2010-04-26
View their other companies + combined net worth →
Active
CADMAN, Jack Emerson
director · ~29y · appointed 2021-09-08
View their other companies + combined net worth →
Active
ASTON HOUSE NOMINEES LIMITED
corporate-secretary · appointed 2010-04-26 · resigned 2012-05-01
Resigned
APPLETON, David Michael
director · ~44y · appointed 2010-04-26 · resigned 2020-02-14
Resigned
DEARY, Matthew Denis
director · ~59y · appointed 2020-01-07 · resigned 2021-10-07
Resigned
PERCIVAL, John Martyn
director · ~60y · appointed 2021-09-08 · resigned 2026-01-15
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Mr Terence David Davison
Debenture1 property09/06/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (50 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-10
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
certificate-change-of-name-company
change-of-name · CERTNM
2025-12-09
accounts-with-accounts-type-dormant
accounts · AA
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-dormant
accounts · AA
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-14
termination-director-company-with-name-termination-date
officers · TM01
2021-10-07