ADACORE LTD
🏛️Establishedactive
11581444 · ltd · incorporated 2018-09-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other software publishing
Sector: Information & communication
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Average employees | 15 | 1200 |
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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
6
filings
- • 5 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-smallaccounts · AA
- 2026-02-02📄change-person-director-company-with-change-dateofficers · CH01
- 2026-02-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-01➕BERRENDONNER, Romain appointeddirector
- 2026-02-01➕GASPERONI, Franco appointeddirector
- 2026-01-31➖ADBY, Emma Juliet, Ms. resigneddirector
- 2026-01-31➖PIKE, Martyn James, Mr. resigneddirector
- 2025-07-09📄accounts-with-accounts-type-smallaccounts · AA
- 2024-10-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-07-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-10📄accounts-with-accounts-type-smallaccounts · AA
- 2024-06-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-06-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-31➖COMAR, Cyrille Pierre Marie resigneddirector
- 2024-05-31📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-14📄accounts-with-accounts-type-smallaccounts · AA
- 2023-01-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-25📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-07📄accounts-with-accounts-type-smallaccounts · AA
- 2018-09-21🏢Company incorporatedAs ADACORE LTD
- 2018-09-21➕ADBY, Emma Juliet, Ms. appointeddirector
- 2018-09-21➕COMAR, Cyrille Pierre Marie appointeddirector
- 2018-09-21➕PIKE, Martyn James, Mr. appointeddirector
Owner dependency
66/100
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.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ADBY, Emma Juliet, Ms. resigned 2026-01-31; PIKE, Martyn James, Mr. resigned 2026-01-31
Group structure
Adacore Sas is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Adacore Sas
Corporate parent · holds 75-100% shares · board control
⬇
ADACORE LTD
This company · 11581444
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adacore Sas Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 01/05/2019 |
Mr Franco Gasperoni Individual · Italian · DOB 06/1962 · age 64 | — | — | board controlboard control | 01/06/2024 |
4 historic (ceased) PSCs
- Mr Cyrille Pierre Marie Comarceased 30/06/2024· board control
- Mr. Franco Gasperoniceased 31/05/2024· 25-50% shares
- Mr. Cyrille Pierre Marie Comarceased 31/05/2024· 25-50% shares
- Adacoreceased 21/09/2018· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 31-03 CREATIVE LTD→ 07818401 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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| ADELARD STEEL LIMITED→ 03487711 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ADRIAN SNELL MUSIC LIMITED→ 08648216 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ADZACTLI LTD→ 14690010 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AERONAUTIQUE ASSOCIATES LIMITED→ 07957793 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| AFRO ART RECORDS LTD→ 03724520 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| AGENTIC AI INTEGRATIONS LIMITED→ 17086166 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AGENTIC COMPLIANCE ORCHESTRATION SYSTEMS LTD→ 16804616 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGORA AI LTD→ 16519177 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AI FILMMAKER STUDIO LTD→ 16159195 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AIFIELD LTD→ 11226768 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2018-09-21
Jurisdictionengland-wales
Primary SIC58290 — Other software publishing
Registered office
Yeovil Innovation Centre Copse Road
Barracks Close
Yeovil
BA22 8RN
United Kingdom
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20
Officers (2 active · 3 resigned)
BERRENDONNER, Romain→
Activedirector · ~50y · appointed 2026-02-01
View their other companies + combined net worth →
GASPERONI, Franco→
Activedirector · ~64y · appointed 2026-02-01
View their other companies + combined net worth →
ADBY, Emma Juliet, Ms.→
Resigneddirector · ~34y · appointed 2018-09-21 · resigned 2026-01-31
COMAR, Cyrille Pierre Marie→
Resigneddirector · ~66y · appointed 2018-09-21 · resigned 2024-05-31
PIKE, Martyn James, Mr.→
Resigneddirector · ~53y · appointed 2018-09-21 · resigned 2026-01-31
Click a director name to see their full track record across all companies.
Recent filings (32 total)
accounts-with-accounts-type-small
accounts · AA
2026-05-28
change-person-director-company-with-change-date
officers · CH01
2026-02-02
appoint-person-director-company-with-name-date
officers · AP01
2026-02-02
appoint-person-director-company-with-name-date
officers · AP01
2026-02-02
termination-director-company-with-name-termination-date
officers · TM01
2026-02-02
termination-director-company-with-name-termination-date
officers · TM01
2026-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-small
accounts · AA
2025-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-31
accounts-with-accounts-type-small
accounts · AA
2024-07-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-01
change-person-director-company-with-change-date
officers · CH01
2024-05-31