ADEPT PIPING LTD
Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £14.7k | £119 |
| Current assets | — | £578 |
| Cash | £62.0k | £578 |
| Net assets | £14.7k | £119 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (20 events)Click to expand
- 2025-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-10📄resolutionresolution · RESOLUTIONS
- 2023-01-10📄memorandum-articlesincorporation · MA
- 2022-11-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-04-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-08📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2019-03-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-03-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-07-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-12-15➕SYKES, Rosemary Anne appointeddirector
- 2012-03-14🏢Company incorporatedAs ADEPT PIPING LTD
- 2012-03-14➕SYKES, Gareth Neil appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-25
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gareth Neil Sykes Individual · British · DOB 06/1981 · age 45 | 75–100% | — | 75-100% shares | 12/04/2020 |
1 historic (ceased) PSC
- Ms Rosemary Anne Sykesceased 11/04/2020· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (2 active · 0 resigned)
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