ADORE RECRUITMENT LTD

💤Zombieactive
08813416 · ltd · incorporated 2013-12-13
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
Upgrade to see
Turnover
year to Mar 2025
Net worth
£231.4k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
ALSO REGISTERED FOR
  • 78200Temporary employment agency activities
  • 78300Human resources provision and management of human resources functions
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 10.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 10.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
47 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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £231,352
Net assets shrinking
Down £75,635 YoY
Cash YoY
-5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18k
↓ 5.2% YoY
Net Worth
£231k
↓ 25% YoY
Current Assets
£740k
↓ 26% YoY
Current Liabilities
£0£201k£401k£602k£802k£1.0mMar 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£261.0k£343.0k
Current assets£739.9k£1.00M
Cash£17.8k£18.7k
Debtors£722.1k£984.4k
Net assets£231.4k£307.0k

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 (28 events)Click to expand
  1. 2025-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-01-31
    🔓
    Charge satisfied #2
  4. 2024-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-07-17
    🔒
    Charge registered #3
    Lender: Mitsubishi Hc Capital UK PLC
  8. 2022-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-04-11
    🔒
    Charge registered #2
    Lender: Barclays Security Trustee Limited
  12. 2022-04-11
    🔓
    Charge satisfied #1
  13. 2021-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-12-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2017-12-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2015-10-06
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  21. 2015-08-03
    DAVENPORT, Jane Alice resigned
    director
  22. 2015-02-01
    DAVENPORT, Jane Alice appointed
    director
  23. 2014-11-01
    CRUSE, Timothy Edward resigned
    director
  24. 2014-11-01
    DAVENPORT, Jane Alice resigned
    director
  25. 2014-10-08
    CRUSE, Timothy Edward appointed
    director
  26. 2014-10-08
    DAVENPORT, Jane Alice appointed
    director
  27. 2013-12-13
    🏢
    Company incorporated
    As ADORE RECRUITMENT LTD
  28. 2013-12-13
    CLARK, Samantha appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Surrogate Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Surrogate Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
ADORE RECRUITMENT LTD
This company · 08813416

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Surrogate Holdings Limited
Corporate entity
75100%
75-100% shares06/04/2016
2 historic (ceased) PSCs
  • Mrs Samantha Clarkceased 30/11/2017· 50-75% voting
  • Mr Barry David Townsendceased 29/11/2017· 50-75% shares

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
Incorporated2013-12-13
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies

Registered office

255 Green Lanes
London
N13 4XE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-26
Last: 2025-12-12

Officers (1 active · 3 resigned)

CLARK, Samantha
director · ~50y · appointed 2013-12-13
View their other companies + combined net worth →
Active
CRUSE, Timothy Edward
director · ~60y · appointed 2014-10-08 · resigned 2014-11-01
Resigned
DAVENPORT, Jane Alice
director · ~62y · appointed 2015-02-01 · resigned 2015-08-03
Resigned
DAVENPORT, Jane Alice
director · ~62y · appointed 2014-10-08 · resigned 2014-11-01
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Mitsubishi Hc Capital UK
Mitsubishi Hc Capital UK PLC
A registered charge1 property17/07/2023
satisfied
Barclays
Barclays Security Trustee Limited
A registered charge11/04/202231/01/2025
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge06/10/201511/04/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (47 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-18