ADELCO LTD

💤Zombieactive
11092581 · ltd · incorporated 2017-12-01
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 Apr 2025
Net worth
£-87
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 73/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 8.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £87
Cash YoY
+217%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 217% YoY
Net Worth
-£87
↑ 64% YoY
Current Assets
£4k
↑ 217% YoY
Current Liabilities
-£244£692£2k£3k£4k£4kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£386.6k£386.4k
Current assets£4.4k£1.4k
Cash£4.4k£1.4k
Net assets£-87£-244

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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-09-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2022-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-15
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2019-10-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2019-10-04
    🔒
    Charge registered #2
    Lender: Charter Court Financial Services Limited (Trading as Precise Mortgages)
  14. 2019-07-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-07-09
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  16. 2018-12-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2018-12-18
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  18. 2018-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2018-03-14
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  20. 2017-12-01
    🏢
    Company incorporated
    As ADELCO LTD
  21. 2017-12-01
    AHMET, Arif appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Arif Ahmet
Individual · British · DOB 01/1975 · age 51
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/12/2017

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 →

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02626422 · est 1991 · no financials extracted
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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
Incorporated2017-12-01
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

31 Broomfield House Lanswoodpark
Colchester
Essex
CO7 7FD
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (1 active · 0 resigned)

AHMET, Arif
director · ~51y · appointed 2017-12-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Precise Mortgages
Charter Court Financial Services Limited (Trading as Precise Mortgages)
A registered charge1 property04/10/2019
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property14/03/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-24
change-person-director-company-with-change-date
officers · CH01
2022-11-24
certificate-change-of-name-company
change-of-name · CERTNM
2022-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05