ADAPTIMMUNE THERAPEUTICS PLC

🌳Matureactive
09338148 · plc · incorporated 2014-12-03
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Research and experimental development on biotechnology
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 2.1y

15/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 2.1 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
21 officers (4 active, 21 linked, 18 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
409 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 accounts
Last 90 days
3
filings
  • 2 address
  • 1 accounts
Last 180 days
3
filings
  • 2 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (67 events)Click to expand
  1. 2026-05-31
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2026-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-11-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-11-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2025-11-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2025-11-14
    HILL, Christopher James appointed
    secretary
  15. 2025-11-14
    HILL, Christopher James appointed
    director
  16. 2025-11-14
    BERTRAND, William Charles resigned
    secretary
  17. 2025-11-14
    ALLEN, Andrew Roger, Dr resigned
    director
  18. 2025-11-14
    BEHBAHANI, Ali, Dr resigned
    director
  19. 2025-11-14
    FUREY, John Paul resigned
    director
  20. 2025-11-14
    HEGDE, Priti, Dr resigned
    director
  21. 2025-11-14
    HEGE, Kristen, Dr resigned
    director
  22. 2025-11-14
    MOTT, David Morrell resigned
    director
  23. 2025-11-14
    RAWCLIFFE, Adrian George resigned
    director
  24. 2025-10-03
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  25. 2025-10-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  26. 2025-10-01
    BERTRAND, William Charles appointed
    secretary
  27. 2025-09-30
    HENRY, Margaret resigned
    secretary
  28. 2025-08-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  29. 2025-08-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  30. 2025-08-01
    🔓
    Charge satisfied #2
  31. 2025-08-01
    🔓
    Charge satisfied #1
  32. 2025-06-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  33. 2025-06-05
    📄
    resolution
    resolution · RESOLUTIONS
  34. 2025-05-12
    📄
    capital-allotment-shares
    capital · SH01
  35. 2025-05-09
    📄
    capital-allotment-shares
    capital · SH01
  36. 2025-05-07
    📄
    capital-allotment-shares
    capital · SH01
  37. 2025-05-06
    📄
    capital-allotment-shares
    capital · SH01
  38. 2025-05-02
    📄
    capital-allotment-shares
    capital · SH01
  39. 2024-05-14
    🔒
    Charge registered #2
    Lender: Hercules Capital, Inc. as Security Trustee for the Secured Parties (As Defined in the Instrument)
  40. 2024-05-14
    🔒
    Charge registered #1
    Lender: Hercules Capital, Inc. as Collateral Agent for the Lenders
  41. 2023-11-01
    HEGE, Kristen, Dr appointed
    director
  42. 2023-11-01
    SIGAL, C Elliott, Dr resigned
    director
  43. 2023-06-01
    MENZEL, Garry Edward, Dr appointed
    director
  44. 2023-06-01
    ALLEN, Andrew Roger, Dr appointed
    director
  45. 2023-06-01
    DUNCAN, Barbara Gayle resigned
    director
  46. 2023-06-01
    HEGDE, Priti, Dr appointed
    director
  47. 2023-06-01
    NOBLE, James Julian resigned
    director
  48. 2023-03-31
    ZAKS, Tal Zvi, Dr resigned
    director
  49. 2020-05-29
    KERR, Giles Francis Bertram resigned
    director
  50. 2019-09-01
    RAWCLIFFE, Adrian George appointed
    director
Showing most recent 50 of 67 events

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
9 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BERTRAND, William Charles resigned 2025-11-14; HENRY, Margaret resigned 2025-09-30; ALLEN, Andrew Roger, Dr resigned 2025-11-14

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

🔒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
Typeplc
Incorporated2014-12-03
Jurisdictionengland-wales
Primary SIC72110 — Research and experimental development on biotechnology

Registered office

The Innovation Centre 99 Park Drive
Milton Park
Abingdon
Oxfordshire
OX14 4RY
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (4 active · 17 resigned)

HILL, Christopher James
secretary · appointed 2025-11-14
View their other companies + combined net worth →
Active
ALLEVA, Lawrence Michael
director · ~77y · appointed 2015-03-05
View their other companies + combined net worth →
Active
HILL, Christopher James
director · ~46y · appointed 2025-11-14
View their other companies + combined net worth →
Active
MENZEL, Garry Edward, Dr
director · ~62y · appointed 2023-06-01
View their other companies + combined net worth →
Active
BERTRAND, William Charles
secretary · appointed 2025-10-01 · resigned 2025-11-14
Resigned
HENRY, Margaret
secretary · appointed 2014-12-03 · resigned 2025-09-30
Resigned
ALLEN, Andrew Roger, Dr
director · ~60y · appointed 2023-06-01 · resigned 2025-11-14
Resigned
BEHBAHANI, Ali, Dr
director · ~50y · appointed 2015-02-12 · resigned 2025-11-14
Resigned
DUNCAN, Barbara Gayle
director · ~62y · appointed 2016-06-23 · resigned 2023-06-01
Resigned
FUREY, John Paul
director · ~62y · appointed 2018-07-05 · resigned 2025-11-14
Resigned
HEGDE, Priti, Dr
director · ~54y · appointed 2023-06-01 · resigned 2025-11-14
Resigned
HEGE, Kristen, Dr
director · ~63y · appointed 2023-11-01 · resigned 2025-11-14
Resigned
KERR, Giles Francis Bertram
director · ~67y · appointed 2016-11-01 · resigned 2020-05-29
Resigned
KNOWLES, Jonathan Kenneth Charles, Dr
director · ~79y · appointed 2015-02-12 · resigned 2016-12-31
Resigned
LAING, Ian Michael
director · ~80y · appointed 2015-02-12 · resigned 2016-12-31
Resigned
MOTT, David Morrell
director · ~61y · appointed 2015-02-12 · resigned 2025-11-14
Resigned
NOBLE, James Julian
director · ~67y · appointed 2014-12-03 · resigned 2023-06-01
Resigned
RAWCLIFFE, Adrian George
director · ~54y · appointed 2019-09-01 · resigned 2025-11-14
Resigned
SIGAL, C Elliott, Dr
director · ~74y · appointed 2015-02-12 · resigned 2023-11-01
Resigned
THOMPSON, Peter Armstrong, Dr
director · ~67y · appointed 2015-02-12 · resigned 2018-07-05
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Hercules Capital, . as Security Trustee for the Secured Parties (As Defined in the Instrument)
Hercules Capital, Inc. as Security Trustee for the Secured Parties (As Defined in the Instrument)
A registered charge1 property14/05/202401/08/2025
satisfied
Hercules Capital, . as Collateral Agent for the Lenders
Hercules Capital, Inc. as Collateral Agent for the Lenders
A registered charge1 property14/05/202401/08/2025

Recent filings (409 total)

accounts-with-accounts-type-group
accounts · AA
2026-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-25
appoint-person-secretary-company-with-name-date
officers · AP03
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
appoint-person-director-company-with-name-date
officers · AP01
2025-11-17
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-17
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-03
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-02