ADP (WORCESTER) LIMITED
🏛️Establishedactive
11388362 · ltd · incorporated 2018-05-30
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 May 2025
Net worth
£60.1k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. 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 (58/100).
🏦
Refinance opportunity
6 live charges · 3 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.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (72/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
24 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
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
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 £60,119
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£60k
↑ 1.8% YoY
Current Assets
£3k
↓ 73% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £61.8k | £59.0k |
| Current assets | £3.4k | £12.4k |
| Net assets | £60.1k | £59.0k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-02-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-07🔒Charge registered #6Lender: Aldermore Bank PLC
- 2020-02-07🔒Charge registered #5Lender: Aldermore Bank PLC
- 2019-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-09-25🔒Charge registered #4Lender: Charter Court Financial Services Limited
- 2019-02-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-06🔒Charge registered #3Lender: Jennifer Mills
- 2018-10-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-10-31🔓Charge satisfied #1
- 2018-10-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-10-11🔒Charge registered #2Lender: Charter Court Financial Services Limited
- 2018-10-10🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2018-05-30🏢Company incorporatedAs ADP (WORCESTER) LIMITED
- 2018-05-30➕ASTON, Julian Nicholas Joseph appointeddirector
- 2018-05-30➕D'AMORE, Darren John appointeddirector
- 2018-05-30📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited 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 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 · WR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADIL HAQUE LTD→ 16996553 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AESOP BUSINESS PARK MANCO LIMITED→ 13039206 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AGA ORGEE LIMITED→ 12057302 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AGAM INVEST LTD→ 16666672 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGATOM PROPERTY SOLUTIONS LTD→ 15942025 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AGI & MART PROPERTY LTD→ 14732488 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AHN POYSER PROPERTIES LTD→ 16570552 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AHST PROPERTIES LTD→ 14244617 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AINSWORTH-PARKER HOMES LTD→ 16017859 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AIRORA INVESTMENTS LIMITED→ 10239719 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AJ MHL HOLDINGS LIMITED→ 16621052 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AJA PROPERTIES LIMITED→ 12160971 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2018-05-30
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
22 Meadow Road
Worcester
WR3 7PP
England
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12
Officers (2 active · 0 resigned)
ASTON, Julian Nicholas Joseph→
Activedirector · ~44y · appointed 2018-05-30
View their other companies + combined net worth →
D'AMORE, Darren John→
Activedirector · ~48y · appointed 2018-05-30
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 07/02/2020 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 07/02/2020 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 25/09/2019 | — | |
| outstanding | Jennifer Mills | A registered charge | 1 property | 06/02/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 11/10/2018 | — | |
| satisfied | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 10/10/2018 | 31/10/2018 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-26