ADCON (CONTRACTING) LTD
No material changes in the last 30 days.
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Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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 (73/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £66.5k | £57.6k |
| Current assets | £66.5k | £66.6k |
| Cash | £37.4k | £19.7k |
| Debtors | £29.0k | £47.0k |
| Net assets | £52.4k | £33.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (22 events)Click to expand
- 2025-04-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-31➖WOOD, Christopher resigneddirector
- 2023-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-01➕WOOD, Christopher appointeddirector
- 2021-11-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-11-09📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-19📄resolutionresolution · RESOLUTIONS
- 2019-10-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-02-20➕TURNOCK, Isabel appointedsecretary
- 2013-12-24🏢Company incorporatedAs ADCON (CONTRACTING) LTD
- 2013-12-24➕TURNOCK, Keith Anthony appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Keith Anthony Turnock Individual · British · DOB 03/1961 · age 65 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 24/12/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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8 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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.