ADDERSTONE (214) LIMITED
🏛️Establishedactive
11654346 · ltd · incorporated 2018-11-01
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
70/100
Strong
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
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 77/100. 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: strategic trade sale (63/100).
🏦
Refinance opportunity
8 live charges · 5 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.
- · 5 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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 7 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
25 connected companies via shared directors
90
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
100
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
2
filings
- • 2 mortgage
Last 90 days
2
filings
- • 2 mortgage
Last 180 days
5
filings
- • 3 officers
- • 2 mortgage
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2026-06-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-08🔓Charge satisfied #8
- 2026-06-08🔓Charge satisfied #7
- 2026-02-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-16➕GRANT, Kathryn Anne appointeddirector
- 2026-02-16➕PHILLIPS, Richard Malcolme appointeddirector
- 2026-02-16➖BAGGETT, Ian Robert, Dr resigneddirector
- 2025-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-13➕SHIPLEY, Michael Raymond appointeddirector
- 2024-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-04🔓Charge satisfied #6
- 2024-09-04🔓Charge satisfied #5
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-15🔒Charge registered #8Lender: Handelsbanken PLC
- 2024-08-15🔒Charge registered #7Lender: Handelsbanken
- 2023-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-11-03📄resolutionresolution · RESOLUTIONS
- 2022-11-03📄memorandum-articlesincorporation · MA
- 2022-10-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-09-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-09🔓Charge satisfied #4
- 2022-09-09🔓Charge satisfied #3
- 2022-09-09🔓Charge satisfied #2
- 2021-12-03🔒Charge registered #6Lender: Atom Bank PLC
- 2021-12-03🔒Charge registered #5Lender: Atom Bank PLC
- 2021-09-20➖SHIPLEY, Michael Raymond resigneddirector
- 2020-12-08🔓Charge satisfied #1
- 2020-12-03🔒Charge registered #4Lender: National Westminster Bank PLC
- 2020-11-18🔒Charge registered #3Lender: National Westminster Bank PLC
- 2020-10-20🔒Charge registered #2Lender: National Westminster Bank PLC
- 2020-04-15➖KAHN, Andrew Robert resigneddirector
- 2020-01-21➖HARRISON, Allison Jane resigneddirector
- 2020-01-21➕KAHN, Andrew Robert appointeddirector
- 2019-02-13🔒Charge registered #1Lender: Brims Construction Limited
- 2018-11-01🏢Company incorporatedAs ADDERSTONE (214) LIMITED
- 2018-11-01➕BAGGETT, Ian Robert, Dr appointeddirector
- 2018-11-01➕HARRISON, Allison Jane appointeddirector
- 2018-11-01➕SHIPLEY, Michael Raymond appointeddirector
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
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.
Group structure
Adderstone Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Adderstone Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
ADDERSTONE (214) LIMITED
This company · 11654346
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adderstone Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/09/2022 |
1 historic (ceased) PSC
- Mr Ian Robert Baggettceased 30/09/2022· significant influence
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 · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A E HICKS LTD→ 12225222 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A ERICKSON PROPERTY LIMITED→ 14441696 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADAMS NORTHEAST PROPERTIES LTD→ 10224488 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADAMSON HOLDING COMPANY LIMITED→ 09711476 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADAPT NORTHUMBERLAND LTD→ 16311167 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAVO (TOWN HALL) LIMITED→ 13137923 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADDERSTONE DEVELOPMENTS (113) LIMITED→ 15355908 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADELFI PROPERTY HOLDINGS LTD→ 16842294 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADEPT PROPERTY LIMITED→ 16535229 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADIVELOP LTD→ 13701168 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADMIRAL CHALONER MANAGEMENT COMPANY LIMITED→ 05567689 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ADN PROPERTIES NORTH EAST LIMITED→ 13275272 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2018-11-01
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: 2026-11-14
Last: 2025-10-31
Officers (3 active · 4 resigned)
GRANT, Kathryn Anne→
Activedirector · ~53y · appointed 2026-02-16
View their other companies + combined net worth →
PHILLIPS, Richard Malcolme→
Activedirector · ~47y · appointed 2026-02-16
View their other companies + combined net worth →
SHIPLEY, Michael Raymond→
Activedirector · ~42y · appointed 2025-02-13
View their other companies + combined net worth →
BAGGETT, Ian Robert, Dr→
Resigneddirector · ~54y · appointed 2018-11-01 · resigned 2026-02-16
HARRISON, Allison Jane→
Resigneddirector · ~62y · appointed 2018-11-01 · resigned 2020-01-21
KAHN, Andrew Robert→
Resigneddirector · ~48y · appointed 2020-01-21 · resigned 2020-04-15
SHIPLEY, Michael Raymond→
Resigneddirector · ~42y · appointed 2018-11-01 · resigned 2021-09-20
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 2 properties | 15/08/2024 | 08/06/2026 | |
| satisfied | Handelsbanken | A registered charge | 2 properties | 15/08/2024 | 08/06/2026 | |
| satisfied | Atom Bank Atom Bank PLC | A registered charge | 3 properties | 03/12/2021 | 04/09/2024 | |
| satisfied | Atom Bank Atom Bank PLC | A registered charge | 2 properties | 03/12/2021 | 04/09/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 2 properties | 03/12/2020 | 09/09/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 18/11/2020 | 09/09/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 20/10/2020 | 09/09/2022 | |
| satisfied | Brims Construction Brims Construction Limited | A registered charge | 1 property | 13/02/2019 | 08/12/2020 |
Recent filings (50 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-08
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-08
termination-director-company-with-name-termination-date
officers · TM01
2026-02-18
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-04
appoint-person-director-company-with-name-date
officers · AP01
2025-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-30