ADRIAN WATERS LIMITED

💤Zombieactive
08648783 · ltd · incorporated 2013-08-13
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
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Turnover
year to Mar 2025
Net worth
£25.3k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Support activities for crop production
Sector: Agriculture, forestry & fishing
Investor take
Special-situation opportunity
Distressed agriculture with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £25,348
Net assets shrinking
Down £8,764 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£25k
↓ 26% YoY
Current Assets
£29k
↓ 25% YoY
Current Liabilities
£0£8k£16k£23k£31k£39kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£32.2k£35.6k
Current assets£29.3k£39.0k
Net assets£25.3k£34.1k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-07-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-08-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-08-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2018-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-08-13
    🏢
    Company incorporated
    As ADRIAN WATERS LIMITED
  17. 2013-08-13
    WATERS, Adrian appointed
    director

Owner dependency

100/100
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 "WATERS" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

83/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-01

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Adrian Waters
Individual · British · DOB 06/1956 · age 70
75100%
75–100%75-100% shares · 75-100% voting01/08/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-08-13
Jurisdictionengland-wales
Primary SIC01610 — Support activities for crop production

Registered office

The Wherry
Quay Street
Halesworth
Suffolk
IP19 8ET
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-01OVERDUE
Last: 2025-04-17

Officers (1 active · 0 resigned)

WATERS, Adrian
director · ~70y · appointed 2013-08-13
View their other companies + combined net worth →
Active

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

Recent filings (30 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-16
change-person-director-company-with-change-date
officers · CH01
2022-08-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-08-13