ADAMS GENERAL LTD

💤Zombieactive
09849102 · ltd · incorporated 2015-10-30
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
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Turnover
year to Mar 2025
Net worth
£10.1k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 46450
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46900Non-specialised wholesale trade
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

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, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £10,131
Net assets shrinking
Down £168,451 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£10k
↓ 94% YoY
Current Assets
£34k
↓ 84% YoY
Current Liabilities
£0£41k£83k£124k£166k£207kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£32.9k£206.1k
Current assets£33.6k£206.9k
Net assets£10.1k£178.6k

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 (19 events)Click to expand
  1. 2025-09-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-07-11
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2024-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-12-05
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  7. 2023-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-08-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-08-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-08-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-08-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2015-10-30
    🏢
    Company incorporated
    As ADAMS GENERAL LTD
  19. 2015-10-30
    AL-BAYATI, Hussain Ali Hussain appointed
    director

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 high · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-10

Multiple registered office changes
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Hussain Ali Hussain Al-Bayati
Individual · British · DOB 04/1973 · age 53
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/10/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2015-10-30
Jurisdictionengland-wales
Primary SIC46450 — SIC 46450

Registered office

First Floor
244 Edgware Road
London
W2 1DS
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-10OVERDUE
Last: 2025-04-26

Officers (1 active · 0 resigned)

AL-BAYATI, Hussain Ali Hussain
director · ~53y · appointed 2015-10-30
View their other companies + combined net worth →
Active

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

Recent filings (38 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-11
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-24
default-companies-house-registered-office-address-applied
address · RP05
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
change-person-director-company-with-change-date
officers · CH01
2022-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-14
change-person-director-company-with-change-date
officers · CH01
2022-08-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-09