ADAM CEX LTD

💤Zombieactive
08033756 · ltd · incorporated 2012-04-17
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
Upgrade to see
Turnover
year to Aug 2024
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 47799
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 13.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 13.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
100
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£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-10-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2025-10-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-08-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-01-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2023-01-19
    🔓
    Charge satisfied #1
  10. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-03-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-03-04
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2018-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-03-22
    ADAM, Safvan Ayub appointed
    director
  18. 2017-03-22
    ADAM, Ayub resigned
    director
  19. 2016-09-01
    ADAM, Safvan resigned
    secretary
  20. 2016-08-01
    ADAM, Ayub appointed
    director
  21. 2016-08-01
    ADAM, Safvan Ayub resigned
    director
  22. 2012-07-24
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  23. 2012-04-17
    🏢
    Company incorporated
    As ADAM CEX LTD
  24. 2012-04-17
    ADAM, Safvan appointed
    secretary
  25. 2012-04-17
    ADAM, Safvan Ayub appointed
    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 "ADAM" — strong identity link between founder and business.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Tectonic Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Tectonic Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ADAM CEX LTD
This company · 08033756

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%
NameSharesVoting rightsNature of controlNotified
Tectonic Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting13/10/2025
2 historic (ceased) PSCs
  • Mr Safvan Ayub Adamceased 13/10/2025· 75-100% shares · 75-100% voting
  • Mr Ayub Adamceased 22/03/2017· 75-100% 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

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
Incorporated2012-04-17
Jurisdictionengland-wales
Primary SIC47799 — SIC 47799

Registered office

Suite 52 Technology Drive
Batley
WF17 6ER
England

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29

Officers (1 active · 3 resigned)

ADAM, Safvan Ayub
director · ~38y · appointed 2017-03-22
View their other companies + combined net worth →
Active
ADAM, Safvan
secretary · appointed 2012-04-17 · resigned 2016-09-01
Resigned
ADAM, Ayub
director · ~69y · appointed 2016-08-01 · resigned 2017-03-22
Resigned
ADAM, Safvan Ayub
director · ~38y · appointed 2012-04-17 · resigned 2016-08-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property24/07/201219/01/2023

Recent filings (46 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31