AD STEEL DEVELOPMENTS LIMITED
🌳Matureactive
07785237 · ltd · incorporated 2011-09-23
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 10.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£192.4k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · oldest 10.7y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 10.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 23/100 — clean.
Data confidence
Overall: high (80/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £192,431
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£192k
↑ 86% YoY
Current Assets
£3k
↓ 73% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | £317.7k | £269.3k |
| Current assets | £3.1k | £11.5k |
| Net assets | £192.4k | £103.6k |
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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-30✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-04-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-18🔒Charge registered #4Lender: National Westminster Bank PLC
- 2024-09-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25🔓Charge satisfied #2
- 2024-09-25🔓Charge satisfied #1
- 2024-09-24🔒Charge registered #3Lender: National Westminster Bank PLC
- 2024-05-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-03-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-03-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-02-29➕ALLMAN, Andrew James appointeddirector
- 2024-02-29➕SWAIN, Darren John appointeddirector
- 2024-02-29➖GREEN, Sharon Anne resignedsecretary
- 2024-02-29➖GREEN, Sharon Anne resigneddirector
- 2024-02-29➖GREEN, Stephen Jeremy resigneddirector
- 2023-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-16📄change-person-secretary-company-with-change-dateofficers · CH03
- 2015-10-02🔒Charge registered #2Lender: National Westminster Bank PLC
- 2015-09-23🔒Charge registered #1Lender: National Westminster Bank PLC
- 2011-09-23🏢Company incorporatedAs AD STEEL DEVELOPMENTS LIMITED
- 2011-09-23➕GREEN, Sharon Anne appointedsecretary
- 2011-09-23➕GREEN, Sharon Anne appointeddirector
- 2011-09-23➕GREEN, Stephen Jeremy appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-04-30: certificate-change-of-name-company
Group structure
Ad Steel Fabrications Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ad Steel Fabrications Limited
Corporate parent · holds 75-100% shares · board control
⬇
AD STEEL DEVELOPMENTS LIMITED
This company · 07785237
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 |
|---|---|---|---|---|
Ad Steel Fabrications Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/02/2024 |
1 historic (ceased) PSC
- Mr Stephen Jeremy Greenceased 29/02/2024· 25-50% shares
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 →Similar companies
Active · Property · TA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A JAMES PROPERTIES LIMITED→ 12931217 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACL PROPERTY LIMITED→ 09921284 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACN INVESTMENTS LIMITED→ 11973782 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACORN DEVELOPMENTS 3 (SW) LIMITED→ 12171147 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACORN DEVELOPMENTS SW (DEVON) LTD→ 12171192 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACORN HOLIDAY LETS (SW) LIMITED→ 14469938 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACORN LETTINGS AND MANAGEMENT (SW) LTD→ 08819229 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACRES & ASSETS LTD→ 15925410 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVITY WAREHOUSE LIMITED→ 15125203 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AD HOC INVESTMENTS LTD→ 16044760 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADA PROPERTY INVESTMENTS LTD→ 11759801 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ADAMS BURNETT CORPORATE PROPERTY ADVISORS LIMITED→ 15430113 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2011-09-23
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Unit 50 Martock Business Park
Great Western Road
Martock
Somerset
TA12 6HB
England
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-07
Last: 2025-09-23
Officers (2 active · 3 resigned)
ALLMAN, Andrew James→
Activedirector · ~51y · appointed 2024-02-29
View their other companies + combined net worth →
SWAIN, Darren John→
Activedirector · ~45y · appointed 2024-02-29
View their other companies + combined net worth →
GREEN, Sharon Anne→
Resignedsecretary · appointed 2011-09-23 · resigned 2024-02-29
GREEN, Sharon Anne→
Resigneddirector · ~62y · appointed 2011-09-23 · resigned 2024-02-29
GREEN, Stephen Jeremy→
Resigneddirector · ~73y · appointed 2011-09-23 · resigned 2024-02-29
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 18/11/2024 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 24/09/2024 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 02/10/2015 | 25/09/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 23/09/2015 | 25/09/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-03-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-14
appoint-person-director-company-with-name-date
officers · AP01
2024-03-12
termination-director-company-with-name-termination-date
officers · TM01
2024-03-12