ADCLIMB LTD

🏛️Establishedactive
11030637 · ltd · incorporated 2017-10-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2024
Net worth
£-19.1k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £19,089
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£19k
↓ 94% YoY
Current Assets
£22k
↑ 3.4% YoY
Current Liabilities
-£19k-£11k-£3k£5k£14k£22kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£27.1k£29.2k
Current assets£21.9k£21.2k
Net assets£-19.1k£-9.8k

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 (19 events)Click to expand
  1. 2025-06-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-06-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-01-30
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2020-11-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2020-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2018-08-13
    FIRTH, Jamie Arran appointed
    director
  16. 2018-08-10
    📄
    capital-allotment-shares
    capital · SH01
  17. 2017-10-25
    🏢
    Company incorporated
    As ADCLIMB LTD
  18. 2017-10-25
    GARRETT, Sion appointed
    director
  19. 2017-10-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-01-30: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Sion Garrett
Individual · British · DOB 02/1990 · age 36
2550%
25-50% shares13/11/2020
1 historic (ceased) PSC
  • Mr Sion Garrettceased 23/10/2020· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2017-10-25
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

56 Maindee Road
Newport
Caerphilly
NP11 7HR
Wales

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-07
Last: 2025-10-24

Officers (2 active · 0 resigned)

FIRTH, Jamie Arran
director · ~36y · appointed 2018-08-13
View their other companies + combined net worth →
Active
GARRETT, Sion
director · ~36y · appointed 2017-10-25
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-02
certificate-change-of-name-company
change-of-name · CERTNM
2025-01-30
change-person-director-company-with-change-date
officers · CH01
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-11-13