ADPAD (BRIXTON) LTD
Opportunity 75/100 (strong), bankability 77/100. 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 (73/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 6.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £49.8k | £45.8k |
| Current assets | £52.7k | £155.5k |
| Cash | £10.1k | £9.1k |
| Debtors | £42.6k | £146.4k |
| Net assets | £49.8k | £45.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (34 events)Click to expand
- 2025-12-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-17🔓Charge satisfied #5
- 2025-12-17🔓Charge satisfied #4
- 2025-12-17🔓Charge satisfied #3
- 2025-12-17🔓Charge satisfied #2
- 2025-12-17🔓Charge satisfied #1
- 2025-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-07-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-04➖DAVIS, Adam Lloyd resigneddirector
- 2023-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-17🔒Charge registered #5Lender: Principality Building Society
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-28🔒Charge registered #4Lender: Close Brothers Limited
- 2021-05-28🔒Charge registered #3Lender: Close Brothers Limited
- 2021-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-20🔒Charge registered #2Lender: Chishomes Limited
- 2019-10-16🔒Charge registered #1Lender: Chishomes Limited
- 2017-09-22🏢Company incorporatedAs ADPAD (BRIXTON) LTD
- 2017-09-22➕COLLEDGE, Patrick Mark appointeddirector
- 2017-09-22➕DAVIS, Adam Lloyd appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Adpad Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adpad Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/09/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Principality Building Society | A registered charge | 1 property | 17/02/2022 | 17/12/2025 | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 28/05/2021 | 17/12/2025 | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 28/05/2021 | 17/12/2025 | |
| satisfied | Chishomes Chishomes Limited | A registered charge | 1 property | 20/04/2021 | 17/12/2025 | |
| satisfied | Chishomes Chishomes Limited | A registered charge | 2 properties | 16/10/2019 | 17/12/2025 |