ADNC PROJECTS LIMITED

🏛️Establishedactive
10356563 · ltd · incorporated 2016-09-02
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2025
Net worth
£306.4k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.5y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 6 with DOB)
90
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £306,355
Net assets shrinking
Down £41,487 YoY
Cash YoY
+313%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£502k
↑ 313% YoY
Net Worth
£306k
↓ 12% YoY
Current Assets
£1.3m
↑ 49% YoY
Current Liabilities
£0£256k£512k£768k£1.0m£1.3mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-292024-09-29
Total assets£765.9k£661.1k
Current assets£1.28M£857.7k
Cash£502.0k£121.7k
Debtors£772.3k£731.0k
Net assets£306.4k£347.8k

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

🔒Filing-note intelligence

3 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
3
filings
  • 1 resolution
  • 1 incorporation
  • 1 officers
Last 180 days
4
filings
  • 1 resolution
  • 1 incorporation
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-05-02
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2026-05-02
    📄
    memorandum-articles
    incorporation · MA
  3. 2026-04-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-30
    FREIBACH, Ruth Hudson resigned
    director
  5. 2026-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-12-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2025-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2025-06-21
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2025-04-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2025-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2025-03-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-03-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2025-03-24
    VOLLENTINE, Daniel Malcolm resigned
    director
  15. 2025-03-24
    VOLLENTINE, Danielle Simone resigned
    director
  16. 2025-02-07
    FREIBACH, Ruth Hudson appointed
    director
  17. 2025-02-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2025-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2025-01-06
    🔒
    Charge registered #1
    Lender: Reward Finance Group Limited
  20. 2024-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2023-11-01
    📄
    memorandum-articles
    incorporation · MA
  22. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  24. 2023-09-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2023-09-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  26. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2022-12-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  28. 2022-09-20
    EMERY, Christopher David appointed
    director
  29. 2019-08-28
    HUDSON FREIBACH, Ruth resigned
    director
  30. 2017-09-11
    HUDSON FREIBACH, Ruth appointed
    director
  31. 2017-01-01
    VOLLENTINE, Daniel Malcolm appointed
    director
  32. 2016-09-21
    FREIBACH, Adam Craig appointed
    director
  33. 2016-09-02
    🏢
    Company incorporated
    As ADNC PROJECTS LIMITED
  34. 2016-09-02
    VOLLENTINE, Danielle Simone appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Adnc Construction Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Adnc Construction Limited
Corporate parent · holds 25-50% shares
significant stake
ADNC PROJECTS LIMITED
This company · 10356563

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Adnc Construction Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting08/12/2025
Mr Christopher Emery
Individual · British · DOB 11/1983 · age 43
2550%
25–50%board control25-50% shares · 25-50% voting · board control20/09/2022
Mr Adam Craig Freibach
Individual · British · DOB 08/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/09/2016
2 historic (ceased) PSCs
  • Mr Daniel Malcolm Vollentineceased 08/12/2025· 25-50% shares · 25-50% voting · board control
  • Danielle Vollentineceased 02/09/2016· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2016-09-02
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Wellington House
Otley Street
Skipton
BD23 1EL
England

Filing status

Accounts
Next due: 2027-06-29
Last made up to: 2025-09-29
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (2 active · 4 resigned)

EMERY, Christopher David
director · ~43y · appointed 2022-09-20
View their other companies + combined net worth →
Active
FREIBACH, Adam Craig
director · ~45y · appointed 2016-09-21
View their other companies + combined net worth →
Active
FREIBACH, Ruth Hudson
director · ~47y · appointed 2025-02-07 · resigned 2026-03-30
Resigned
HUDSON FREIBACH, Ruth
director · ~47y · appointed 2017-09-11 · resigned 2019-08-28
Resigned
VOLLENTINE, Daniel Malcolm
director · ~42y · appointed 2017-01-01 · resigned 2025-03-24
Resigned
VOLLENTINE, Danielle Simone
director · ~39y · appointed 2016-09-02 · resigned 2025-03-24
Resigned

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
TypeProperties
outstanding
Reward Finance Group
Reward Finance Group Limited
A registered charge06/01/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

resolution
resolution · RESOLUTIONS
2026-05-02
memorandum-articles
incorporation · MA
2026-05-02
termination-director-company-with-name-termination-date
officers · TM01
2026-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-14
change-person-director-company-with-change-date
officers · CH01
2025-04-14
termination-director-company-with-name-termination-date
officers · TM01
2025-03-25
termination-director-company-with-name-termination-date
officers · TM01
2025-03-25
appoint-person-director-company-with-name-date
officers · AP01
2025-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-08