ADGAS HEATING LTD
🌳Matureactive
08204056 · ltd · incorporated 2012-09-06
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£317.5k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
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 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £317,466
Cash YoY
-9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£229k
↓ 8.6% YoY
Net Worth
£317k
↑ 13% YoY
Current Assets
£438k
↑ 6.8% YoY
Current Liabilities
—
Hover 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 | £317.5k | £282.1k |
| Current assets | £437.6k | £409.8k |
| Cash | £228.7k | £250.3k |
| Debtors | £208.9k | £159.5k |
| Net assets | £317.5k | £282.1k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-04📍change-sail-address-company-with-new-addressaddress · AD02
- 2025-08-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-07📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-11-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2012-09-06🏢Company incorporatedAs ADGAS HEATING LTD
- 2012-09-06➕ADCOCK, Kevin James appointeddirector
- 2012-09-06➕ADCOCK, Shyne Elizabeth appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +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
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin James Adcock Individual · British · DOB 10/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/04/2016 |
Mrs Shyne Elizabeth Adcock Individual · British · DOB 06/1975 · age 51 | 25–50% | — | 25-50% shares | 07/04/2016 |
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.
See pricing →Similar companies
Active · Construction · GU postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A H ELECTRICAL (SOUTHERN) LIMITED→ 14382894 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACL CONSTRUCTION MANAGEMENT LIMITED→ 09653980 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACORN DEVELOPMENTS (SURREY) LIMITED→ 17030831 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADAPT PROPERTY SOLUTIONS LTD→ 12963821 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADDISON GLASS & WINDSCREENS LTD→ 01206705 · est 1975 · no financials extracted | — | — | — | — | 51y | — | — |
| ADELINE HELP SERVICES LIMITED→ 15358698 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADEX DRILLING SERVICES (UK) LIMITED→ 07940052 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ADLÅR GROUP LIMITED→ 15579925 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADM TECHNICAL LTD→ 13031455 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADMI ELECTRICAL LTD→ 06882247 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ADROIT DECOR LIMITED→ 04292024 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ADVANCE HOME PROPERTY MAINTENANCE LIMITED→ 09685877 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2012-09-06
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
6 St Johns Rise
St Johns
Woking
Surrey
GU21 7PW
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06
Officers (2 active · 0 resigned)
ADCOCK, Kevin James→
Activedirector · ~53y · appointed 2012-09-06
View their other companies + combined net worth →
ADCOCK, Shyne Elizabeth→
Activedirector · ~51y · appointed 2012-09-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (33 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
change-sail-address-company-with-new-address
address · AD02
2025-09-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-01-07