ADAPTIO LTD

💤Zombieactive
11060157 · ltd · incorporated 2017-11-13
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 Nov 2025
Net worth
£215.6k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 · accounting standard not declared
Positive net assets
Net assets £215,636

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£216k
~ YoY
Current Assets
£2
~ YoY
Current Liabilities
—
£0£43k£86k£129k£173k£216kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-11-302024-11-30
Total assets£215.6k£177.6k
Current assets£2£2
Net assets£215.6k£215.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2026-01-22
    ➖
    GREENHALGH, Michael Joseph resigned
    director
  4. 2025-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-01-09
    📄
    capital-allotment-shares
    capital · SH01
  9. 2021-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-03-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-07-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-06-14
    ➖
    KLOS, Ronald Wylie resigned
    director
  17. 2018-02-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2018-02-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2018-01-11
    ➖
    ALBINSON, Glenn Anthony resigned
    director
  20. 2018-01-10
    ➕
    ALBINSON, Steven Joseph appointed
    director
  21. 2018-01-10
    ➕
    GREENHALGH, Michael Joseph appointed
    director
  22. 2018-01-10
    ➕
    KLOS, Ronald Wylie appointed
    director
  23. 2017-12-02
    ➖
    ALBINSON, Steven Joseph resigned
    director
  24. 2017-12-01
    ➕
    ALBINSON, Glenn Anthony appointed
    director
  25. 2017-11-13
    🏢
    Company incorporated
    As ADAPTIO LTD
  26. 2017-11-13
    ➕
    ALBINSON, Steven Joseph appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Steven Joseph Albinson
Individual · British · DOB 04/1952 · age 74
25–50%
—25-50% shares05/02/2018
2 historic (ceased) PSCs
  • Mr Glenn Anthony Albinsonceased 05/02/2018· 75-100% shares
  • Mr Steven Joseph Albinsonceased 01/12/2017· 75-100% shares · 75-100% voting · board control

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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07172886 · est 2010 · no financials extracted
————16y——
AD DRYLINING LTD→
13333979 · est 2021 · no financials extracted
————5y——
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16662186 · est 2025 · no financials extracted
———————
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05514502 · est 2005 · no financials extracted
————20y——
ADAMSRILL LTD→
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ADB CIVILS LIMITED→
12633943 · est 2020 · no financials extracted
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ADG SCAFFOLDING LTD→
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————2y——
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————2y——
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2017-11-13
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

The Barn Benkeyhurst Falm Burleyhurst Lane
Mobberley
Knutsford
WA16 7LP
England

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09

Officers (1 active · 4 resigned)

ALBINSON, Steven Joseph→
director · ~74y · appointed 2018-01-10
View their other companies + combined net worth →
Active
ALBINSON, Glenn Anthony→
director · ~72y · appointed 2017-12-01 · resigned 2018-01-11
Resigned
ALBINSON, Steven Joseph→
director · ~74y · appointed 2017-11-13 · resigned 2017-12-02
Resigned
GREENHALGH, Michael Joseph→
director · ~62y · appointed 2018-01-10 · resigned 2026-01-22
Resigned
KLOS, Ronald Wylie→
director · ~59y · appointed 2018-01-10 · resigned 2019-06-14
Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-25
termination-director-company-with-name-termination-date
officers · TM01
2026-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-09
capital-allotment-shares
capital · SH01
2022-01-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-23