AD LAND EXETER LTD
💤Zombieactive
09502890 · ltd · incorporated 2015-03-23
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
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong 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 5.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (55/100)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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 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.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2025-08-11📄accounts-with-accounts-type-smallaccounts · AA
- 2024-11-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-21➖WINPENNY, James Jonathan resigneddirector
- 2024-06-11📄accounts-with-accounts-type-smallaccounts · AA
- 2023-10-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-21➕BOARDMAN, Thomas Aldridge appointeddirector
- 2023-09-21➖BISHOP, Jeremy resigneddirector
- 2023-07-15📄accounts-with-accounts-type-smallaccounts · AA
- 2023-04-13📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-10-13📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2022-10-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-29➕WINPENNY, James Jonathan appointeddirector
- 2022-07-20➖HODGSON, Paul David Hendin resigneddirector
- 2022-07-20➖HAVRE MANAGEMENT SERVICES LIMITED resignedcorporate-director
- 2022-07-19➖HAVRE CORPORATE SERVICES LIMITED resignedcorporate-director
- 2022-05-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-05-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-19📄change-corporate-director-company-with-change-dateofficers · CH02
- 2022-05-19📄change-corporate-director-company-with-change-dateofficers · CH02
- 2022-05-19📄appoint-corporate-director-company-with-name-dateofficers · AP02
- 2022-05-19📄appoint-corporate-director-company-with-name-dateofficers · AP02
- 2022-05-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-06➖UNDERWOOD, Susan Elizabeth resignedsecretary
- 2022-05-06➕BISHOP, Jeremy appointeddirector
- 2022-05-06➕HODGSON, Paul David Hendin appointeddirector
- 2022-05-06➖SPOONER, John Richard Clayton resigneddirector
- 2022-05-06➕HAVRE CORPORATE SERVICES LIMITED appointedcorporate-director
- 2022-05-06➕HAVRE MANAGEMENT SERVICES LIMITED appointedcorporate-director
- 2020-11-13🔒Charge registered #1Lender: East Devon District Council
- 2015-03-23🏢Company incorporatedAs AD LAND EXETER LTD
- 2015-03-23➕UNDERWOOD, Susan Elizabeth appointedsecretary
- 2015-03-23➕SPOONER, John Richard Clayton appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
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| AC CONSTRUCTION SERVICES LTD→ 16576036 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| ACB MECHANICAL SERVICES LIMITED→ 17096760 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACESHA NOVA LTD→ 16691386 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACME BUILDING DEVELOPMENT LIMITED→ 04844820 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ACN DRYLINING LTD→ 15597691 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAGEO LTD→ 04734790 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ADAM GREEN DESIGN & BUILD LTD→ 13615523 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2015-03-23
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
First Floor
86 Jermyn Street
London
SW1Y 6JD
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23
Officers (1 active · 7 resigned)
BOARDMAN, Thomas Aldridge→
Activedirector · ~49y · appointed 2023-09-21
View their other companies + combined net worth →
UNDERWOOD, Susan Elizabeth→
Resignedsecretary · appointed 2015-03-23 · resigned 2022-05-06
BISHOP, Jeremy→
Resigneddirector · ~56y · appointed 2022-05-06 · resigned 2023-09-21
HODGSON, Paul David Hendin→
Resigneddirector · ~60y · appointed 2022-05-06 · resigned 2022-07-20
SPOONER, John Richard Clayton→
Resigneddirector · ~68y · appointed 2015-03-23 · resigned 2022-05-06
WINPENNY, James Jonathan→
Resigneddirector · ~38y · appointed 2022-07-29 · resigned 2024-11-21
HAVRE CORPORATE SERVICES LIMITED→
Resignedcorporate-director · appointed 2022-05-06 · resigned 2022-07-19
HAVRE MANAGEMENT SERVICES LIMITED→
Resignedcorporate-director · appointed 2022-05-06 · resigned 2022-07-20
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | East Devon District Council | A registered charge | 1 property | 13/11/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-small
accounts · AA
2025-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
termination-director-company-with-name-termination-date
officers · TM01
2024-11-25
accounts-with-accounts-type-small
accounts · AA
2024-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
appoint-person-director-company-with-name-date
officers · AP01
2023-10-12
termination-director-company-with-name-termination-date
officers · TM01
2023-10-03
accounts-with-accounts-type-small
accounts · AA
2023-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-04-13
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-10-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-06
appoint-person-director-company-with-name-date
officers · AP01
2022-08-03
termination-director-company-with-name-termination-date
officers · TM01
2022-08-02