ADJACENT POWER LIMITED

🌳Matureactive
08012100 · ltd · incorporated 2012-03-29
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 Mar 2025
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 73). 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 (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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-24

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

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
2
filings
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-12-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-01-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-11-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-12-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-12-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-03-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-04-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2018-04-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-09-10
    CARMICHAEL, John Stuart appointed
    director
  18. 2012-03-29
    🏢
    Company incorporated
    As ADJACENT POWER LIMITED
  19. 2012-03-29
    HOLDEN, Simon Christopher appointed
    director

Owner dependency

78/100
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.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

74/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • 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 ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-14

Group structure

Infrastructure Asset Ownership Co Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Infrastructure Asset Ownership Co Ltd
Corporate parent · holds 25-50% shares
significant stake
ADJACENT POWER LIMITED
This company · 08012100

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Stuart Carmichael
Individual · British · DOB 12/1953 · age 73
2550%
25–50%25-50% shares · 25-50% voting16/10/2017
Infrastructure Asset Ownership Co Ltd
Corporate entity
2550%
25-50% shares06/04/2016
1 historic (ceased) PSC
  • Advanced Engineering Solutions Limitedceased 16/10/2017· 25-50% shares

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

8 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.

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Company details

Statusactive
Typeltd
Incorporated2012-03-29
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

Unit 4d Lansbury Business Park 102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-14OVERDUE
Last: 2025-03-31

Officers (2 active · 0 resigned)

CARMICHAEL, John Stuart
director · ~73y · appointed 2015-09-10
View their other companies + combined net worth →
Active
HOLDEN, Simon Christopher
director · ~59y · appointed 2012-03-29
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)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-26
accounts-with-accounts-type-dormant
accounts · AA
2025-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-13
accounts-with-accounts-type-dormant
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-26
accounts-with-accounts-type-dormant
accounts · AA
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-01
accounts-with-accounts-type-dormant
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-dormant
accounts · AA
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-23
accounts-with-accounts-type-dormant
accounts · AA
2021-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-12