ADY WATTS ENTERPRISES LIMITED

💤Zombieactive
07962933 · ltd · incorporated 2012-02-23
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£73.0k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £72,973
Cash YoY
+49%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£88k
↑ 49% YoY
Net Worth
£73k
↑ 80% YoY
Current Assets
£103k
↑ 37% YoY
Current Liabilities
—
£0£21k£41k£62k£82k£103kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£108.2k£78.3k
Current assets£102.7k£75.1k
Cash£87.9k£59.2k
Debtors£14.4k£15.6k
Net assets£73.0k£40.5k

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
0
filings
Last 180 days
5
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-03-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2026-03-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-02-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-02-23
    🏢
    Company incorporated
    As ADY WATTS ENTERPRISES LIMITED
  17. 2012-02-23
    ➕
    WATTS, Judith Dorothy appointed
    secretary
  18. 2012-02-23
    ➕
    WATTS, Adrian Michael appointed
    director
  19. 2012-02-23
    ➕
    WATTS, Adrian appointed
    director
  20. 2012-02-23
    ➖
    WATTS, Adrian resigned
    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.
  • +Founder name in company name: Company name contains director surname "WATTS" — strong identity link between founder and business.

Succession & seller-readiness

58/100
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 14 years.
  • 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 Adrian Michael Watts
Individual · British · DOB 01/1976 · age 50
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Adrian Wattsceased 06/04/2016· 75-100% shares · 75-100% voting

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

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
Incorporated2012-02-23
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

Network House
Thorn Office Centre
Hereford
HR2 6JT

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (2 active · 1 resigned)

WATTS, Judith Dorothy→
secretary · appointed 2012-02-23
View their other companies + combined net worth →
Active
WATTS, Adrian Michael→
director · ~50y · appointed 2012-02-23
View their other companies + combined net worth →
Active
WATTS, Adrian→
director · ~50y · appointed 2012-02-23 · resigned 2012-02-23
Resigned

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

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
termination-director-company-with-name-termination-date
officers · TM01
2026-03-09
appoint-person-director-company-with-name-date
officers · AP01
2026-03-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-24