ADAMS CLOSE LTD

💤Zombieactive
10358515 · ltd · incorporated 2016-09-05
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 Oct 2024
Net worth
£318.4k
book net assets
Opportunity
70/100
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 acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 9.6y

15/100
under pressure

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

  • · Oldest live charge is 9.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
70/100Strong
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
77
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 £318,414
Cash YoY
+275%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£191
↑ 275% YoY
Net Worth
£318k
~ YoY
Current Assets
£320k
↓ 12% YoY
Current Liabilities
£0£73k£145k£218k£290k£363kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£318.4k£318.4k
Current assets£319.9k£363.0k
Cash£191£51
Debtors£319.7k£362.9k
Net assets£318.4k£318.4k

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 (28 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2021-06-19
    🔓
    Charge satisfied #4
  8. 2021-01-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2020-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-02-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2020-02-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-02-04
    🔒
    Charge registered #6
    Lender: United Trust Bank Limited
  13. 2020-02-04
    🔒
    Charge registered #5
    Lender: United Trust Bank Limited
  14. 2019-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-03-04
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2018-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-03-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2018-03-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-03-29
    🔓
    Charge satisfied #3
  20. 2018-03-29
    🔓
    Charge satisfied #2
  21. 2018-02-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2018-02-13
    🔒
    Charge registered #4
    Lender: Assetz Capital Trust Company Limited
  23. 2017-03-03
    🔓
    Charge satisfied #1
  24. 2017-02-13
    🔒
    Charge registered #3
    Lender: United Trust Bank Limited
  25. 2017-02-13
    🔒
    Charge registered #2
    Lender: United Trust Bank Limited
  26. 2016-11-11
    🔒
    Charge registered #1
    Lender: Think Property Finance LTD
  27. 2016-09-05
    🏢
    Company incorporated
    As ADAMS CLOSE LTD
  28. 2016-09-05
    HARPER, Trevor Royston 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 10 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 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

Harper Homes Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Harper Homes Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
ADAMS CLOSE LTD
This company · 10358515

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Harper Homes Holdings Limited
Corporate entity
75100%
75-100% shares26/01/2021
Mr Trevor Royston Harper
Individual · British · DOB 09/1978 · age 48
sig. influencesignificant influence05/09/2016

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

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
Incorporated2016-09-05
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

8 Turls Hill Road
Sedgley
Dudley
West Midlands
DY3 1HG
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04

Officers (1 active · 0 resigned)

HARPER, Trevor Royston
director · ~48y · appointed 2016-09-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
United Trust Bank
United Trust Bank Limited
A registered charge1 property04/02/2020
outstanding
United Trust Bank
United Trust Bank Limited
A registered charge1 property04/02/2020
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge2 properties13/02/201819/06/2021
satisfied
United Trust Bank
United Trust Bank Limited
A registered charge1 property13/02/201729/03/2018
satisfied
United Trust Bank
United Trust Bank Limited
A registered charge1 property13/02/201729/03/2018
satisfied
Think Property Finance
Think Property Finance LTD
A registered charge1 property11/11/201603/03/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-30
mortgage-satisfy-charge-full
mortgage · MR04
2021-06-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-02-04