ADAM GRAY PROJECTS LTD

💤Zombieactive
08616737 · ltd · incorporated 2013-07-19
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
£985.5k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong 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. 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).

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 (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
48 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £985,548
Net assets shrinking
Down £27,360 YoY
Cash YoY
+560%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£25k
↑ 560% YoY
Net Worth
£986k
↓ 2.7% YoY
Current Assets
£732k
~ YoY
Current Liabilities
—
£0£203k£405k£608k£810k£1.0mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£986.4k£1.02M
Current assets£732.0k£729.1k
Cash£24.9k£3.8k
Debtors£688.0k£725.3k
Net assets£985.5k£1.01M

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-09-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-09-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-07-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2019-10-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-07-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2019-07-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2019-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2013-07-24
    ➕
    GRAY, Adam James appointed
    director
  20. 2013-07-19
    🏢
    Company incorporated
    As ADAM GRAY PROJECTS LTD
  21. 2013-07-19
    ➕
    HEIMAN, Osker appointed
    director
  22. 2013-07-19
    ➖
    HEIMAN, Osker resigned
    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 "GRAY" — strong identity link between founder and business.

Succession & seller-readiness

58/100
Strong succession signal

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

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Adam James Gray
Individual · British · DOB 03/1975 · age 51
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated2013-07-19
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Queensgate House
48 Queen Street
Exeter
EX4 3SR
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19

Officers (1 active · 1 resigned)

GRAY, Adam James→
director · ~51y · appointed 2013-07-24
View their other companies + combined net worth →
Active
HEIMAN, Osker→
director · ~49y · appointed 2013-07-19 · resigned 2013-07-19
Resigned

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

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-29
change-person-director-company-with-change-date
officers · CH01
2024-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-01-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-25