ADI CORPORATION LIMITED

💤Zombieactive
07979601 · ltd · incorporated 2012-03-07
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 Jul 2025
Net worth
£269.6k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 47250
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

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: 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 (73/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
37 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
70
Strong succession / seller-readiness signals.
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 £269,554
Net assets shrinking
Down £67,888 YoY
Cash YoY
-6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£227k
↓ 5.9% YoY
Net Worth
£270k
↓ 20% YoY
Current Assets
£391k
↑ 1.4% YoY
Current Liabilities
£0£78k£156k£234k£312k£391kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£274.2k£349.5k
Current assets£390.6k£385.1k
Cash£227.2k£241.5k
Debtors£126.6k£111.2k
Net assets£269.6k£337.4k

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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-06-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-04-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-05-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-04-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-06-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2021-06-14
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  10. 2020-04-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-04-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-05-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-05-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2012-03-12
    HEENAN, Bradden Conrad appointed
    director
  16. 2012-03-07
    🏢
    Company incorporated
    As ADI CORPORATION LIMITED
  17. 2012-03-07
    COWAN, Graham Michael appointed
    director
  18. 2012-03-07
    COWAN, Graham Michael resigned
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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 Bradden Conrad Heenan
Individual · British · DOB 12/1962 · age 64
75100%
75–100%board control75-100% shares · 75-100% voting · board control14/06/2021

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
Incorporated2012-03-07
Jurisdictionengland-wales
Primary SIC47250 — SIC 47250

Registered office

Unit 9a2 Firsdale Industrial Estate
Nangreaves Street
Leigh
Lancashire
WN7 4TN
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-06-22
Last: 2026-06-08

Officers (1 active · 1 resigned)

HEENAN, Bradden Conrad
director · ~64y · appointed 2012-03-12
View their other companies + combined net worth →
Active
COWAN, Graham Michael
director · ~83y · appointed 2012-03-07 · resigned 2012-03-07
Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-14
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-06-14