ADDCORE LIMITED
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 14.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £20.3k | £33.8k |
| Current assets | £668.4k | £731.5k |
| Cash | £1.3k | £220 |
| Debtors | £188.0k | £239.9k |
| Net assets | £-3.5k | £4.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (26 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-30🔒Charge registered #4Lender: Easy Invoice Finance Limited
- 2019-06-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-06-26📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-10-04➖PLLU, Sharon resigneddirector
- 2018-10-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-07-30➕PLLU, Sharon appointeddirector
- 2018-07-11📄resolutionresolution · RESOLUTIONS
- 2017-10-04📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2013-06-24➕RICKETTS, Barry Alan appointeddirector
- 2013-06-24➖JONES, Geraldine resigneddirector
- 2012-09-04🔒Charge registered #3Lender: Cavendish Investments (Manchester) Limited
- 2012-03-09🔒Charge registered #2Lender: Regency Factors PLC
- 2012-03-09🔒Charge registered #1Lender: Regency Factors PLC
- 2012-01-26🏢Company incorporatedAs ADDCORE LIMITED
- 2012-01-26➕JONES, Geraldine appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Playmakers Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Playmakers Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 03/07/2018 |
1 historic (ceased) PSC
- Mr Barry Alan Rickettsceased 03/07/2018· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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9 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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Easy Invoice Finance Easy Invoice Finance Limited | A registered charge | 7 properties | 30/09/2019 | — | |
| outstanding | Cavendish Investments (Manchester) Cavendish Investments (Manchester) Limited | All assets debenture | 1 property | 04/09/2012 | — | |
| outstanding | Regency Factors Regency Factors PLC | All assets debenture | 1 property | 09/03/2012 | — | |
| outstanding | Regency Factors Regency Factors PLC | Debenture | 1 property | 09/03/2012 | — |