ADAPTIVE CODE LTD
Opportunity 55/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 2 gazette
- • 2 gazette
Corporate timeline (20 events)Click to expand
- 2026-07-14📄gazette-dissolved-compulsorygazette · GAZ2
- 2026-07-14🏁Company dissolved
- 2026-04-28📄gazette-notice-compulsorygazette · GAZ1
- 2026-01-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-12-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-01-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-01-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-10-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-10-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-10-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-10-01➖IGIRISU LTD resignedcorporate-director
- 2018-04-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-13🏢Company incorporatedAs ADAPTIVE CODE LTD
- 2017-03-13➕MCLEAN HALL, Gary appointeddirector
- 2017-03-13➕IGIRISU LTD appointedcorporate-director
- 2017-03-13📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2026-07-14
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gary Mclean Hall Individual · British · DOB 03/1983 · age 43 | 75–100% | — | 75-100% shares | 01/10/2018 |
1 historic (ceased) PSC
- Igirisu Ltdceased 01/10/2018· 75-100% shares · 75-100% voting · board control · firm interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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.
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Registered office
Filing status
Officers (0 active · 1 resigned)
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