ALMADRABA LIMITED

🌳Matureactive
07829116 · ltd · incorporated 2011-10-31
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£-135.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Security dealing on own account
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (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 -54% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

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, 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £135,803
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£792
↓ 54% YoY
Net Worth
-£136k
↓ 1.8% YoY
Current Assets
£792
↓ 54% YoY
Current Liabilities
—
-£136k-£108k-£81k-£53k-£26k£2kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£-135.8k£-133.4k
Current assets£792£1.7k
Cash£792£1.7k
Net assets£-135.8k£-133.4k

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

🔒Filing-note intelligence

2 signals 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 (19 events)Click to expand
  1. 2025-11-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2020-02-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2011-10-31
    🏢
    Company incorporated
    As ALMADRABA LIMITED
  18. 2011-10-31
    ➕
    GIRO-RIBAS, Rosa appointed
    director
  19. 2011-10-31
    ➕
    WADHWANI, Martin Ramesh appointed
    director

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Martin Ramesh Wadhwani
Individual · British · DOB 08/1967 · age 59
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Ms Rosa Giro-Ribas
Individual · Spanish · DOB 09/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2011-10-31
Jurisdictionengland-wales
Primary SIC64991 — Security dealing on own account

Registered office

C/O Richard Riley & Associates 22 Hampden House
Monument Business Park
Chalgrove
Oxfordshire
OX44 7RW
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (2 active · 0 resigned)

GIRO-RIBAS, Rosa→
director · ~60y · appointed 2011-10-31
View their other companies + combined net worth →
Active
WADHWANI, Martin Ramesh→
director · ~59y · appointed 2011-10-31
View their other companies + combined net worth →
Active

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

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-12