ADRIP PLUMBING LIMITED

🌳Matureactive
08376835 · ltd · incorporated 2013-01-28
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 May 2025
Net worth
£-18.5k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (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 (65/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £18,498

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£18k
↓ 89% YoY
Current Assets
£41k
↑ 15% YoY
Current Liabilities
—
-£18k-£7k£5k£17k£29k£41kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£6.5k£15.2k
Current assets£40.6k£35.2k
Net assets£-18.5k£-9.8k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-13
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2026-02-11
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  3. 2025-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-02-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-11-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-06-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2017-06-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2017-06-01
    ➕
    HOWES, Benjamin Dennis appointed
    director
  17. 2017-06-01
    ➕
    HOWES, Javon Declan appointed
    director
  18. 2013-01-28
    🏢
    Company incorporated
    As ADRIP PLUMBING LIMITED
  19. 2013-01-28
    ➕
    HOWES, John Dennis appointed
    secretary
  20. 2013-01-28
    ➕
    HOWES, Amanda Janice appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondary12+ year tenure: Director in role 13 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Amanda Janice Howes
Individual · British · DOB 06/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr John Dennis Howes
Individual · British · DOB 05/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2013-01-28
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

56 Tinkle Street
Grimoldby
Louth
Lincolnshire
LN11 8SZ

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (4 active · 0 resigned)

HOWES, John Dennis→
secretary · appointed 2013-01-28
View their other companies + combined net worth →
Active
HOWES, Amanda Janice→
director · ~61y · appointed 2013-01-28
View their other companies + combined net worth →
Active
HOWES, Benjamin Dennis→
director · ~35y · appointed 2017-06-01
View their other companies + combined net worth →
Active
HOWES, Javon Declan→
director · ~33y · appointed 2017-06-01
View their other companies + combined net worth →
Active

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

Recent filings (34 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-04-13
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-29