ADDICUS PROPERTY LTD
🏛️Establishedactive
10777946 · ltd · incorporated 2017-05-18
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£-20.7k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (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: Cash flow review and working-capital discipline. Cash down -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £20,656
Very low cash
Cash position: £3
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3
↓ 99% YoY
Net Worth
-£21k
↓ 39% YoY
Current Assets
£37k
↑ 1.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-924 | £-85 |
| Current assets | £37.0k | £36.5k |
| Cash | £3 | £220 |
| Debtors | £37.0k | £36.3k |
| Net assets | £-20.7k | £-14.8k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2026-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-02📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-06-02📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-05-18🏢Company incorporatedAs ADDICUS PROPERTY LTD
- 2017-05-18➕PRITCHETT, Ian John appointeddirector
- 2017-05-18➕PRITCHETT, Simone Elisabeth appointeddirector
- 2017-05-18📄incorporation-companyincorporation · NEWINC
Owner dependency
79/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple 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.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Harry Christopher Pritchett Individual · British · DOB 12/1987 · age 39 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/05/2017 |
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 →Similar companies
Active · Property · OX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.G MCM PROPERTY LIMITED→ 16957550 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABLEMARK LIMITED→ 00662253 · est 1960 · no financials extracted | — | — | — | — | 65y | — | — |
| ABPOD INVESTMENTS LIMITED→ 16006094 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACCOMMODATING R2R LTD→ 16116847 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACE ASSETS HOLDING LIMITED→ 15296222 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACHILLES VENTURES LTD→ 13305885 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ACUMEN PROPERTY MANAGEMENT LTD→ 13592375 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADDA PROPERTY LIMITED→ 12244735 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADDERBURY PROPERTY LIMITED→ 10454338 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADEZ LIMITED→ 15198454 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADND HOUSING LTD→ 16264486 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADONIS ESTATES LIMITED→ 09693116 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2017-05-18
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Unit 1c Eagle Industrial Estate
Church Green
Witney
Oxfordshire
OX28 4YR
United Kingdom
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-31
Last: 2026-05-17
Officers (2 active · 0 resigned)
PRITCHETT, Ian John→
Activedirector · ~63y · appointed 2017-05-18
View their other companies + combined net worth →
PRITCHETT, Simone Elisabeth→
Activedirector · ~63y · appointed 2017-05-18
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (24 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-02
change-person-director-company-with-change-date
officers · CH01
2025-06-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-02
change-person-director-company-with-change-date
officers · CH01
2025-06-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-10
gazette-notice-compulsory
gazette · GAZ1
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23