ADDERSTONE (208) LIMITED

🏛️Establishedactive
11577456 · ltd · incorporated 2018-09-19
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
—
book net assets
Opportunity
76/100
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
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 67/100. 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 (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 7.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 7.4 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: high (84/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 7 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
45 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
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

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
  • • 2 confirmation-statement
Last 180 days
4
filings
  • • 2 confirmation-statement
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-02-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-02-16
    ➕
    PHILLIPS, Richard Malcolme appointed
    director
  4. 2026-02-16
    ➖
    BAGGETT, Ian Robert, Dr resigned
    director
  5. 2025-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-03-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2025-03-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2025-03-17
    🔓
    Charge satisfied #3
  11. 2025-03-17
    🔓
    Charge satisfied #1
  12. 2025-03-14
    🔒
    Charge registered #5
    Lender: Handelsbanken PLC
  13. 2025-03-14
    🔒
    Charge registered #4
    Lender: Handelsbanken PLC
  14. 2025-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2024-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-11-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2022-11-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2022-08-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2022-08-03
    🔓
    Charge satisfied #2
  22. 2022-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2022-07-28
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  24. 2022-04-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  25. 2021-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-05-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  27. 2020-04-15
    ➖
    KAHN, Andrew Robert resigned
    director
  28. 2020-01-21
    ➖
    HARRISON, Allison Jane resigned
    director
  29. 2020-01-21
    ➕
    KAHN, Andrew Robert appointed
    director
  30. 2019-07-19
    ➕
    HARRISON, Allison Jane appointed
    director
  31. 2019-04-19
    ➖
    HUDSON, Gary Douglas resigned
    director
  32. 2019-01-31
    🔒
    Charge registered #2
    Lender: Danly Limited
  33. 2019-01-31
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  34. 2019-01-28
    ➕
    ANDREWS, Christopher John Francis appointed
    director
  35. 2018-09-19
    🏢
    Company incorporated
    As ADDERSTONE (208) LIMITED
  36. 2018-09-19
    ➕
    SHIPLEY, Michael Raymond appointed
    director
  37. 2018-09-19
    ➕
    BAGGETT, Ian Robert, Dr appointed
    director
  38. 2018-09-19
    ➕
    HUDSON, Gary Douglas appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Adderstone (200) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Adderstone (200) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADDERSTONE (208) LIMITED
This company · 11577456

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Adderstone (200) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/04/2021
2 historic (ceased) PSCs
  • Royal Bank Of Canadaceased 01/04/2021· 25-50% shares · 25-50% voting
  • Dr Ian Robert Baggettceased 01/04/2021· 75-100% shares

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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————7y——
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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
Incorporated2018-09-19
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Nelson House The Fleming, Burdon Terrace
Jesmond
Newcastle Upon Tyne
NE2 3AE
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-01
Last: 2026-05-18

Officers (3 active · 4 resigned)

ANDREWS, Christopher John Francis→
director · ~65y · appointed 2019-01-28
View their other companies + combined net worth →
Active
PHILLIPS, Richard Malcolme→
director · ~47y · appointed 2026-02-16
View their other companies + combined net worth →
Active
SHIPLEY, Michael Raymond→
director · ~42y · appointed 2018-09-19
View their other companies + combined net worth →
Active
BAGGETT, Ian Robert, Dr→
director · ~54y · appointed 2018-09-19 · resigned 2026-02-16
Resigned
HARRISON, Allison Jane→
director · ~62y · appointed 2019-07-19 · resigned 2020-01-21
Resigned
HUDSON, Gary Douglas→
director · ~63y · appointed 2018-09-19 · resigned 2019-04-19
Resigned
KAHN, Andrew Robert→
director · ~48y · appointed 2020-01-21 · resigned 2020-04-15
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property14/03/2025—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—14/03/2025—
satisfied
HSBC
Hsbc UK Bank PLC
A registered charge1 property28/07/202217/03/2025
satisfied
Danly
Danly Limited
A registered charge1 property31/01/201903/08/2022
satisfied
HSBC
Hsbc UK Bank PLC
A registered charge1 property31/01/201917/03/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
termination-director-company-with-name-termination-date
officers · TM01
2026-02-18
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-17
change-person-director-company-with-change-date
officers · CH01
2025-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12