ADJACENCY RECRUITMENT LIMITED
💤Zombieactive
07401132 · ltd · incorporated 2010-10-08
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
£344
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
ALSO REGISTERED FOR
- 78200Temporary employment agency activities
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
1 live charge · oldest 1.4y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.4 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · 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, 2 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
8 officers (1 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 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
55
Some acquirability indicators.
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 £344
Net assets shrinking
Down £53,361 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£344
↓ 99% YoY
Current Assets
£46k
↓ 65% 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 | £2.5k | £53.7k |
| Current assets | £45.6k | £130.1k |
| Net assets | £344 | £53.7k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-10-23📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2025-10-23📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2025-10-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-10-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-08-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-15🔒Charge registered #1Lender: Handelsbanken PLC
- 2024-05-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-14📄capital-return-purchase-own-sharescapital · SH03
- 2023-04-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-03-31➖GRAHAM, Joseph resignedsecretary
- 2023-03-31➖GRAHAM, Joseph resigneddirector
- 2022-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-09-06➖GRAHAM, Elaine resigneddirector
- 2013-09-05➕GREENSLADE, Miles Alastair appointeddirector
- 2012-11-30➖TONER, Paul resigneddirector
- 2012-11-29➕GRAHAM, Elaine appointeddirector
- 2011-11-15➖GRAHAM, Elaine resigneddirector
- 2011-11-15➕TONER, Paul appointeddirector
- 2010-10-08🏢Company incorporatedAs ADJACENCY RECRUITMENT LIMITED
- 2010-10-08➕GRAHAM, Joseph appointedsecretary
- 2010-10-08➕BRIAN REID LTD. appointedcorporate-secretary
- 2010-10-08➖BRIAN REID LTD. resignedcorporate-secretary
- 2010-10-08➕GRAHAM, Elaine appointeddirector
- 2010-10-08➕GRAHAM, Joseph appointeddirector
- 2010-10-08➕MABBOTT, Stephen George appointeddirector
- 2010-10-08➖MABBOTT, Stephen George resigneddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 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
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 |
|---|---|---|---|---|
Mrs Ruth Greenslade Individual · British · DOB 10/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/03/2023 |
Mr Miles Alastair Greenslade Individual · British · DOB 02/1975 · age 51 | 25–50% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Joseph Grahamceased 31/03/2023· 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Professional services · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & E FIRE EQUIPMENT (HOLDINGS) LIMITED→ 10988230 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| A & E MANAGEMENT LIMITED→ 11717351 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCOUNTRIX LIMITED→ 08829863 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ACHIEVING THE DIFFERENCE LIMITED→ 13373659 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACUMENTEC LTD→ 14194151 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADD LIV LTD→ 12175257 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADEY HOLDINGS (2008) LIMITED→ 06738605 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ADJACENT LTD→ 11316471 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADL SUPPORT SERVICES LIMITED→ 07225770 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ADMIN CENTRE LTD→ 09111312 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ADMONITUM LIMITED→ 07660350 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ADNET PRECISION ENGINEERING LIMITED→ 05094023 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated2010-10-08
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies
Registered office
Darwin House
67 Rodney Road
Cheltenham
GL50 1HX
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-22
Last: 2025-10-08
Officers (1 active · 7 resigned)
GREENSLADE, Miles Alastair→
Activedirector · ~51y · appointed 2013-09-05
View their other companies + combined net worth →
GRAHAM, Joseph→
Resignedsecretary · appointed 2010-10-08 · resigned 2023-03-31
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2010-10-08 · resigned 2010-10-08
GRAHAM, Elaine→
Resigneddirector · ~58y · appointed 2012-11-29 · resigned 2013-09-06
GRAHAM, Elaine→
Resigneddirector · ~59y · appointed 2010-10-08 · resigned 2011-11-15
GRAHAM, Joseph→
Resigneddirector · ~64y · appointed 2010-10-08 · resigned 2023-03-31
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2010-10-08 · resigned 2010-10-08
TONER, Paul→
Resigneddirector · ~64y · appointed 2011-11-15 · resigned 2012-11-30
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 15/01/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-29
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-10-23
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2025-10-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-21
change-person-director-company-with-change-date
officers · CH01
2025-08-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-22
capital-return-purchase-own-shares
capital · SH03
2023-06-14
termination-director-company-with-name-termination-date
officers · TM01
2023-04-17