ADEX HEALTHCARE PLUS LTD

💤Zombieactive
09460095 · ltd · incorporated 2015-02-26
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 Feb 2026
Net worth
£50.3k
book net assets
Opportunity
74/100
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
  • 86102Medical nursing home activities
  • 87900Other residential care activities n.e.c.
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £50,344
Cash YoY
+6011%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 6011% YoY
Net Worth
£50k
↑ 164% YoY
Current Assets
£68k
↑ 158% YoY
Current Liabilities
—
£0£14k£27k£41k£55k£68kFeb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-02-282025-02-28
Total assets£61.0k£25.1k
Current assets£68.4k£26.5k
Cash£2.9k£47
Debtors£65.5k£26.5k
Net assets£50.3k£19.1k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-07-05
    ➖
    ELDO, Basil resigned
    director
  6. 2024-07-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-07-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-11-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-09-21
    ➖
    JOSEPH, Bijoy Pathayil resigned
    director
  10. 2023-09-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-07-14
    ➖
    ALEYAS, Alson resigned
    director
  12. 2023-07-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-03-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-03-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2023-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2023-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2022-12-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  20. 2022-12-28
    ➕
    ALEYAS, Alson appointed
    director
  21. 2022-12-28
    ➕
    ELDO, Basil appointed
    director
  22. 2022-12-28
    ➕
    JOSEPH, Bijoy Pathayil appointed
    director
  23. 2022-12-28
    ➖
    SHIBU, Ruby resigned
    director
  24. 2022-12-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2022-12-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2016-06-01
    ➕
    SHIBU, Ruby appointed
    director
  27. 2015-02-26
    🏢
    Company incorporated
    As ADEX HEALTHCARE PLUS LTD
  28. 2015-02-26
    ➕
    VARGHESE, Shibu 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

50/100
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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Shibu Varghese
Individual · British · DOB 05/1976 · age 50
75–100%
75–100%75-100% shares · 75-100% voting05/06/2017

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
Incorporated2015-02-26
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies

Registered office

88 Turnpike Link
Croydon
Surrey
CR0 5NY
England

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (1 active · 4 resigned)

VARGHESE, Shibu→
director · ~50y · appointed 2015-02-26
View their other companies + combined net worth →
Active
ALEYAS, Alson→
director · ~38y · appointed 2022-12-28 · resigned 2023-07-14
Resigned
ELDO, Basil→
director · ~43y · appointed 2022-12-28 · resigned 2024-07-05
Resigned
JOSEPH, Bijoy Pathayil→
director · ~45y · appointed 2022-12-28 · resigned 2023-09-21
Resigned
SHIBU, Ruby→
director · ~47y · appointed 2016-06-01 · resigned 2022-12-28
Resigned

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

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-05
termination-director-company-with-name-termination-date
officers · TM01
2024-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-21
termination-director-company-with-name-termination-date
officers · TM01
2023-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-14
termination-director-company-with-name-termination-date
officers · TM01
2023-07-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-14