ADJ SURGICAL LIMITED
🌳Matureactive
09831341 · ltd · incorporated 2015-10-19
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£433
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: General medical practice activities
Sector: Human health & social work
Investor take
PursueAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 74/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).
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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 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 · accounting standard not declaredPositive net assets
Net assets £433
Net assets shrinking
Down £2,362 YoY
Cash YoY
+4%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
↑ 4.0% YoY
Net Worth
£433
↓ 85% YoY
Current Assets
£8k
↑ 99% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £433 | £2.8k |
| Current assets | £8.2k | £4.1k |
| Cash | £4.0k | £3.9k |
| Debtors | £4.1k | £216 |
| Net assets | £433 | £2.8k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄capital-allotment-sharescapital · SH01
- 2024-05-02📄capital-allotment-sharescapital · SH01
- 2024-05-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-01➕JAMES, Nena appointeddirector
- 2023-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-10-21📄change-person-director-company-with-change-dateofficers · CH01
- 2020-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-10-19🏢Company incorporatedAs ADJ SURGICAL LIMITED
- 2015-10-19➕JAMES, Alan David appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Nena James Individual · British · DOB 09/1986 · age 40 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 01/04/2024 |
Mr Alan David James Individual · British · DOB 02/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 6 LUV SOCIAL CIC→ 16660215 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A H TRUEMAN LIMITED→ 06000767 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ABSOLUTE CARE SERVICES (REIGATE) LIMITED→ 07308726 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ACH CLINIC LIMITED→ 09660681 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACORN HEALTH CARE LIMITED→ 02838806 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| ACTIVE LIFE COMMUNITY WELLBEING CIC→ 16942971 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACUHERBS & SPA UK LIMITED→ 11548676 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADAPLEE LIMITED→ 09550531 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADULT RECOVERY CARE LIMITED→ 13119432 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADVANCED BODY COACHING LTD→ 14038693 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ADVAYA SOLUTIONS LTD→ 15739882 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVOCACY FOR ALL→ 03407428 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2015-10-19
Jurisdictionengland-wales
Primary SIC86210 — General medical practice activities
Registered office
Lygon House
50 London Road
Bromley
Kent
BR1 3RA
United Kingdom
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18
Officers (2 active · 0 resigned)
JAMES, Alan David→
Activedirector · ~57y · appointed 2015-10-19
View their other companies + combined net worth →
Active
Click a director name to see their full track record across all companies.
Recent filings (34 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-07
change-person-director-company-with-change-date
officers · CH01
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-07
change-person-director-company-with-change-date
officers · CH01
2024-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-02
capital-allotment-shares
capital · SH01
2024-05-02
capital-allotment-shares
capital · SH01
2024-05-02
appoint-person-director-company-with-name-date
officers · AP01
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26