ADAMS WHOLESALE ENTERPRISES LTD

💤Zombieactive
07440918 · ltd · incorporated 2010-11-16
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
£530.7k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Wholesale of fruit and vegetables
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 40). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 13.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 13.8 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
51 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £530,731

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£531k
~ YoY
Current Assets
Current Liabilities
£0£106k£212k£318k£425k£531kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£530.7k£530.7k
Debtors£530.7k£530.7k
Net assets£530.7k£530.7k

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
1
filing
  • 1 address
Last 180 days
2
filings
  • 1 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-09-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-09-03
    🔓
    Charge satisfied #4
  7. 2024-09-03
    🔓
    Charge satisfied #3
  8. 2023-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-08-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2021-08-03
    🔒
    Charge registered #5
    Lender: Adams Wholesale Southern Group LTD
  13. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-05-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2019-05-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-01-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2019-01-16
    🔓
    Charge satisfied #2
  19. 2018-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-09-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2018-09-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2018-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2018-06-29
    ALI, Osman resigned
    director
  24. 2018-03-22
    🔒
    Charge registered #4
    Lender: Rbs Invoice Finance LTD
  25. 2017-06-26
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  26. 2015-04-01
    ALI, Osman appointed
    director
  27. 2014-03-14
    🔓
    Charge satisfied #1
  28. 2013-01-17
    🔒
    Charge registered #2
    Lender: Ultimate Invoice Finance Limited
  29. 2012-08-09
    🔒
    Charge registered #1
    Lender: Close Invoice Finance Limited
  30. 2010-11-16
    🏢
    Company incorporated
    As ADAMS WHOLESALE ENTERPRISES LTD
  31. 2010-11-16
    ALI, Suleyman Aslanoglu appointed
    director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple 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 15 years.
  • secondaryStable-but-static management: Company is 15 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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Adams Wholesale West Sussex Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Adams Wholesale West Sussex Limited
Corporate parent · holds 75-100% shares
ultimate parent
ADAMS WHOLESALE ENTERPRISES LTD
This company · 07440918

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%
NameSharesVoting rightsNature of controlNotified
Adams Wholesale West Sussex Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting17/05/2019
1 historic (ceased) PSC
  • Mr Suleyman Aslanoglu Aliceased 17/05/2019· 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 →

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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
Incorporated2010-11-16
Jurisdictionengland-wales
Primary SIC46310 — Wholesale of fruit and vegetables

Registered office

Unit 1 Silverdale
Meadow Road
Worthing
West Sussex
BN11 2RZ
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (1 active · 1 resigned)

ALI, Suleyman Aslanoglu
director · ~40y · appointed 2010-11-16
View their other companies + combined net worth →
Active
ALI, Osman
director · ~32y · appointed 2015-04-01 · resigned 2018-06-29
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Adams Wholesale Southern Group
Adams Wholesale Southern Group LTD
A registered charge1 property03/08/2021
satisfied
NatWest Group
Rbs Invoice Finance LTD
A registered charge22/03/201803/09/2024
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property26/06/201703/09/2024
satisfied
Ultimate Invoice Finance
Ultimate Invoice Finance Limited
Debenture (all assets)1 property17/01/201316/01/2019
satisfied
Close Invoice Finance
Close Invoice Finance Limited
All assets debenture1 property09/08/201214/03/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22