ADEPT COMMUNICATIONS SYSTEMS LTD

💤Zombieactive
08197004 · ltd · incorporated 2012-08-31
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 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other publishing activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62020Information technology consultancy activities
Investor take
Pursue
Strong opportunity: active trading company 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, 2 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
2 connected companies via shared directors
51
Filing history
34 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
-£283£3k£7k£10k£14k£17kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Total assets£-283
Current assets£17.3k
Cash£17.0k
Debtors£305
Net assets£-283

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-06-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2015-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2013-03-01
    DODD, Tara resigned
    director
  17. 2012-08-31
    🏢
    Company incorporated
    As ADEPT COMMUNICATIONS SYSTEMS LTD
  18. 2012-08-31
    CASTLE, Michael Frank, Mr. appointed
    director
  19. 2012-08-31
    DODD, Tara appointed
    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 58 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr. Michael Frank Castle
Individual · British · DOB 04/1968 · age 58
5075%
50-75% shares06/04/2016

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.

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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
Incorporated2012-08-31
Jurisdictionengland-wales
Primary SIC58190 — Other publishing activities

Registered office

4 Orchard Court Church Street
Crondall
Farnham
Surrey
GU10 5QP

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (1 active · 1 resigned)

CASTLE, Michael Frank, Mr.
director · ~58y · appointed 2012-08-31
View their other companies + combined net worth →
Active
DODD, Tara
director · ~57y · appointed 2012-08-31 · resigned 2013-03-01
Resigned

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

Recent filings (34 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-05-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-24
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-22