ADRIATIC (UK) LTD

💤Zombieactive
09355839 · ltd · incorporated 2014-12-15
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 Dec 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Agents involved in the sale of a variety of goods
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 2.5y

10/100
under pressure

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

  • · Newest facility, 2.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 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
75/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
-£32k£336k£704k£1.1m£1.4m£1.8mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets—£-17.4k
Current assets—£1.81M
Cash—£33.9k
Debtors—£934.5k
Net assets—£-32.4k
Average employees1800—

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-06-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-12-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-11-28
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  6. 2023-06-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-06-12
    📄
    capital-allotment-shares
    capital · SH01
  9. 2021-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-04-15
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  13. 2018-12-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-12-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2018-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-12-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-12-14
    ➕
    KRIZANAC, Hrvoje appointed
    director
  18. 2018-12-14
    ➖
    BEGIC, Tarik resigned
    director
  19. 2018-04-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2014-12-15
    🏢
    Company incorporated
    As ADRIATIC (UK) LTD
  21. 2014-12-15
    ➕
    BEGIC, Tarik 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

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

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

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
NameSharesVoting rightsNature of controlNotified
Mr Hrvoje Krizanac
Individual · Croatian · DOB 02/1991 · age 35
——sig. influencesignificant influence14/12/2018
1 historic (ceased) PSC
  • Mr Tarik Begicceased 14/12/2018· significant influence

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

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————34y——
A.F.R.REFRIGERATION LIMITED→
00993748 · est 1970 · no financials extracted
————55y——
ACME TRADE LTD→
12986516 · est 2020 · no financials extracted
————5y——
ACRELANE TIMBER LIMITED→
01724137 · est 1983 · no financials extracted
————42y——
AD MAIORA 2UK LTD→
11541775 · est 2018 · no financials extracted
————7y——
ADAMTHWAITE BROTHERS LTD→
15782325 · est 2024 · no financials extracted
————1y——
ADD CONSTRUCTION LTD→
14113617 · est 2022 · no financials extracted
————3y——
ADEX MULTINATIONAL LIMITED→
02682411 · est 1992 · no financials extracted
————34y——
ADIERE LTD→
15581979 · est 2024 · no financials extracted
————2y——
ADONYS PRODUCTS LTD→
13370813 · est 2021 · no financials extracted
————4y——
ADRIAN WHITE BUILDING SUPPLIES LTD.→
02727601 · est 1992 · no financials extracted
————33y——
ADVANCED UNITED CONTRACTING & GENERAL TRADING LTD→
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————4y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2014-12-15
Jurisdictionengland-wales
Primary SIC46190 — Agents involved in the sale of a variety of goods

Registered office

352 Fulham Road
London
SW10 9UH

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12

Officers (1 active · 1 resigned)

KRIZANAC, Hrvoje→
director · ~35y · appointed 2018-12-14
View their other companies + combined net worth →
Active
BEGIC, Tarik→
director · ~50y · appointed 2014-12-15 · resigned 2018-12-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—28/11/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-12
capital-allotment-shares
capital · SH01
2022-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-29