ADPROP CO (NW) LTD
🏛️Establishedactive
11245219 · ltd · incorporated 2018-03-09
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.07M
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 79-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 7.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,074,734
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£1.1m
↑ 614% YoY
Current Assets
£635k
↑ 17% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £4.63M | £3.26M |
| Current assets | £635.2k | £544.1k |
| Net assets | £1.07M | £-209.2k |
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
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
6
filings
- • 2 persons-with-significant-control
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-03-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-01-12➕SUMNER, Michael Mathew appointeddirector
- 2026-01-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-18➕SUMNER, Max David appointeddirector
- 2025-11-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-02🔓Charge satisfied #6
- 2025-03-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-03-04📄gazette-notice-compulsorygazette · GAZ1
- 2024-09-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-30🔒Charge registered #7Lender: Mt Finance Limited
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25🔓Charge satisfied #5
- 2024-09-25🔓Charge satisfied #4
- 2024-08-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-23📄gazette-notice-compulsorygazette · GAZ1
- 2024-03-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-21🔓Charge satisfied #3
- 2024-03-21🔓Charge satisfied #2
- 2023-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-18📄resolutionresolution · RESOLUTIONS
- 2022-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-12🔒Charge registered #6Lender: Landbay Partners Limited
- 2021-08-31🔒Charge registered #5Lender: Gfs 1 LTD
- 2021-08-31🔒Charge registered #4Lender: Gfs 1 LTD
- 2020-05-04🔓Charge satisfied #1
- 2020-02-14🔒Charge registered #3Lender: Goldentree Financial Services PLC
- 2020-02-14🔒Charge registered #2Lender: Goldentree Financial Services PLC
- 2018-09-13🔒Charge registered #1Lender: Amicus Finance PLC
- 2018-03-09🏢Company incorporatedAs ADPROP CO (NW) LTD
- 2018-03-09➕SALT, Mike David appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 79 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Mathew Sumner Individual · British · DOB 03/1999 · age 27 | 25–50% | — | 25-50% shares | 12/01/2026 |
Mr Mike David Salt Individual · British · DOB 03/1947 · age 79 | 25–50% | — | 25-50% shares | 09/03/2018 |
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 · L postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 160 PRESCOT ROAD LTD→ 16613609 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CALL HOME BUYERS LIMITED→ 13213214 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1TO20 SPRINGFIELD LIMITED→ 15363508 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2-8 BOROUGH ROAD LIMITED→ 15863295 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 2712 PROPERTIES LIMITED→ 14777261 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 29HILLCREST LIMITED→ 15363636 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2G CHESTER ESTATES LIMITED→ 13408162 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 31 MANAGEMENT LIMITED→ 14490162 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 31UAL LIMITED→ 15887320 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 32-34 L1 5BS LTD→ 12502917 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 33-42 SPRINGHILL COURT RTM COMPANY LTD→ 10092660 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 337 PRESCOT ROAD LTD→ 16621469 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2018-03-09
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
121 Lark Lane
Liverpool
L17 8UR
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01
Officers (3 active · 0 resigned)
SALT, Mike David→
Activedirector · ~79y · appointed 2018-03-09
View their other companies + combined net worth →
SUMNER, Max David→
Activedirector · ~24y · appointed 2025-12-18
View their other companies + combined net worth →
SUMNER, Michael Mathew→
Activedirector · ~27y · appointed 2026-01-12
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | MT Finance Mt Finance Limited | A registered charge | 1 property | 30/09/2024 | — | |
| satisfied | Landbay Landbay Partners Limited | A registered charge | 1 property | 12/08/2022 | 02/04/2025 | |
| satisfied | Gfs 1 Gfs 1 LTD | A registered charge | — | 31/08/2021 | 25/09/2024 | |
| satisfied | Gfs 1 Gfs 1 LTD | A registered charge | 2 properties | 31/08/2021 | 25/09/2024 | |
| satisfied | Goldentree Financial Services Goldentree Financial Services PLC | A registered charge | 3 properties | 14/02/2020 | 21/03/2024 | |
| satisfied | Goldentree Financial Services Goldentree Financial Services PLC | A registered charge | — | 14/02/2020 | 21/03/2024 | |
| satisfied | Amicus Finance Amicus Finance PLC | A registered charge | 1 property | 13/09/2018 | 04/05/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (44 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-12
appoint-person-director-company-with-name-date
officers · AP01
2026-01-12
appoint-person-director-company-with-name-date
officers · AP01
2026-01-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-05
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-31