AD PROPERTY 1 LIMITED

💤Zombieactive
10338914 · ltd · incorporated 2016-08-19
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 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 75/100 (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 (73/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 9.5y

30/100
under pressure

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

  • · Oldest live charge is 9.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
56 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
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-282023-12-28
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 (41 events)Click to expand
  1. 2026-01-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-11-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-01-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-01-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-10-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-10-29
    🔓
    Charge satisfied #6
  14. 2024-10-29
    🔓
    Charge satisfied #5
  15. 2024-10-29
    🔓
    Charge satisfied #4
  16. 2024-10-29
    🔓
    Charge satisfied #3
  17. 2024-10-29
    🔓
    Charge satisfied #2
  18. 2024-10-29
    🔓
    Charge satisfied #1
  19. 2024-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2024-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-10-25
    🔒
    Charge registered #8
    Lender: GB Bank Limited
  22. 2024-10-25
    🔒
    Charge registered #7
    Lender: GB Bank Limited
  23. 2024-10-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  24. 2024-10-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  25. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2023-01-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2022-12-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  29. 2022-10-03
    NURTMAN, Michael Sean resigned
    director
  30. 2022-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  31. 2017-11-17
    🔒
    Charge registered #6
    Lender: Investec Bank PLC
  32. 2017-11-17
    🔒
    Charge registered #5
    Lender: Investec Bank PLC
  33. 2017-11-17
    🔒
    Charge registered #4
    Lender: Investec Bank PLC
  34. 2017-01-31
    NURTMAN, Michael Sean appointed
    director
  35. 2017-01-31
    🔒
    Charge registered #3
    Lender: Investec Bank PLC
  36. 2017-01-31
    🔒
    Charge registered #2
    Lender: Investec Bank PLC
  37. 2017-01-31
    🔒
    Charge registered #1
    Lender: Investec Bank PLC
  38. 2016-08-19
    🏢
    Company incorporated
    As AD PROPERTY 1 LIMITED
  39. 2016-08-19
    DODI, Abraham Aharon appointed
    director
  40. 2016-08-19
    DUKE, Michael appointed
    director
  41. 2016-08-19
    DUKE, Michael resigned
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Ordan Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ordan Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AD PROPERTY 1 LIMITED
This company · 10338914

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ordan Uk Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control31/01/2017
1 historic (ceased) PSC
  • Investec Investments (Uk) Limitedceased 25/10/2024· 25-50% shares · 25-50% voting

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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11149998 · est 2018 · no financials extracted
8y
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16440173 · est 2025 · no financials extracted
ABRAHAMS REAL PROPERTY (LONDON) LIMITED
08586651 · est 2013 · no financials extracted
12y
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03112909 · est 1995 · no financials extracted
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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
Incorporated2016-08-19
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Swiss House, Beckingham Business Park
Beckingham Street
Maldon
CM9 8LZ
England

Filing status

Accounts
Next due: 2026-09-28
Last made up to: 2024-12-28
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (1 active · 2 resigned)

DODI, Abraham Aharon
director · ~63y · appointed 2016-08-19
View their other companies + combined net worth →
Active
DUKE, Michael
director · ~67y · appointed 2016-08-19 · resigned 2016-08-19
Resigned
NURTMAN, Michael Sean
director · ~57y · appointed 2017-01-31 · resigned 2022-10-03
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
GB Bank
GB Bank Limited
A registered charge3 properties25/10/2024
outstanding
GB Bank
GB Bank Limited
A registered charge4 properties25/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge1 property17/11/201729/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge17/11/201729/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge17/11/201729/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge31/01/201729/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge1 property31/01/201729/10/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge1 property31/01/201729/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-08
gazette-notice-compulsory
gazette · GAZ1
2025-11-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-28