ADJ BUSINESS SOLUTIONS LTD

💤Zombieactive
07604066 · ltd · incorporated 2011-04-14
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
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Turnover
year to Apr 2025
Net worth
£53.4k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Bookkeeping activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), 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: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
46 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
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £53,406
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£30k
↓ 51% YoY
Net Worth
£53k
↑ 12% YoY
Current Assets
£119k
↓ 4.8% YoY
Current Liabilities
£0£25k£50k£75k£100k£125kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£53.4k£49.5k
Current assets£119.2k£125.3k
Cash£29.9k£61.4k
Debtors£89.3k£63.9k
Net assets£53.4k£47.9k

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 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-07
    📄
    capital-allotment-shares
    capital · SH01
  4. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-07
    📄
    capital-allotment-shares
    capital · SH01
  6. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2020-11-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-11-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2020-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-10-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-10-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2011-04-14
    🏢
    Company incorporated
    As ADJ BUSINESS SOLUTIONS LTD
  19. 2011-04-14
    JOSEPHS, Andrew David appointed
    director

Owner dependency

90/100
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.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Andrew David Josephs
Individual · British · DOB 06/1977 · age 49
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated2011-04-14
Jurisdictionengland-wales
Primary SIC69202 — Bookkeeping activities

Registered office

10 Coldbath Square
London
EC1R 5HL
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14

Officers (1 active · 0 resigned)

JOSEPHS, Andrew David
director · ~49y · appointed 2011-04-14
View their other companies + combined net worth →
Active

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

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-07
capital-allotment-shares
capital · SH01
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-07
capital-allotment-shares
capital · SH01
2023-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-11-20
change-person-director-company-with-change-date
officers · CH01
2020-11-19