ADPAD (OKEHAMPTON) LIMITED

🏛️Establishedactive
11768294 · ltd · incorporated 2019-01-15
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 Apr 2025
Net worth
£131.3k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (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 (73/100).

🏦

Refinance opportunity

13 live charges · 3 lenders · oldest 5.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (84/100)

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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
34 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
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £131,293
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 95% YoY
Net Worth
£131k
↑ 246% YoY
Current Assets
£5.0m
↓ 2.8% YoY
Current Liabilities
—
-£90k£960k£2.0m£3.1m£4.1m£5.2mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£4.64M£4.98M
Current assets£5.01M£5.16M
Cash£5.7k£123.4k
Debtors£539.6k£567.4k
Net assets£131.3k£-89.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-11-24
    🔒
    Charge registered #13
    Lender: Jill Coombe
  5. 2025-11-24
    🔒
    Charge registered #12
    Lender: Hannard Investments LTD
  6. 2025-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-12-19
    ➕
    COLLEDGE, Patrick Mark appointed
    director
  9. 2024-12-19
    ➖
    DAVIS, Adam Lloyd resigned
    director
  10. 2024-12-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-12-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-07-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2023-07-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-07-04
    🔒
    Charge registered #11
    Lender: Jill Coombe
  16. 2023-07-04
    🔒
    Charge registered #10
    Lender: Hannard Investments LTD
  17. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-07-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2022-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2022-07-08
    🔒
    Charge registered #9
    Lender: Hannard Investments LTD
  22. 2022-07-08
    🔒
    Charge registered #8
    Lender: Jill Coombe
  23. 2022-07-08
    🔒
    Charge registered #7
    Lender: Adpad Group Limited
  24. 2022-01-13
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  25. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-10-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2021-10-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2021-10-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2021-10-13
    🔒
    Charge registered #6
    Lender: Adpad Group Limited
  30. 2021-10-13
    🔒
    Charge registered #5
    Lender: Jill Coombe
  31. 2021-10-13
    🔒
    Charge registered #4
    Lender: Hannard Investments LTD
  32. 2021-02-10
    🔒
    Charge registered #3
    Lender: Hannard Investments LTD
  33. 2021-02-10
    🔒
    Charge registered #2
    Lender: Jill Coombe
  34. 2021-02-10
    🔒
    Charge registered #1
    Lender: Adpad Group Limited
  35. 2019-01-15
    🏢
    Company incorporated
    As ADPAD (OKEHAMPTON) LIMITED
  36. 2019-01-15
    ➕
    COOMBE, Richard John appointed
    director
  37. 2019-01-15
    ➕
    DAVIS, Adam Lloyd appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
13 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Adpad Group Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Hannard Holdings Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
ADPAD (OKEHAMPTON) LIMITED
This company · 11768294

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Adpad Group Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting15/01/2019
Hannard Holdings Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting15/01/2019

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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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
Incorporated2019-01-15
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

One
Courtenay Park
Newton Abbot
Devon
TQ12 2HD
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (2 active · 1 resigned)

COLLEDGE, Patrick Mark→
director · ~61y · appointed 2024-12-19
View their other companies + combined net worth →
Active
COOMBE, Richard John→
director · ~60y · appointed 2019-01-15
View their other companies + combined net worth →
Active
DAVIS, Adam Lloyd→
director · ~44y · appointed 2019-01-15 · resigned 2024-12-19
Resigned

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

Mortgages & charges

13
Total charges
13
Outstanding
3
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Jill Coombe
A registered charge1 property24/11/2025—
outstanding
Hannard Investments
Hannard Investments LTD
A registered charge2 properties24/11/2025—
outstanding
Jill Coombe
A registered charge1 property04/07/2023—
outstanding
Hannard Investments
Hannard Investments LTD
A registered charge1 property04/07/2023—
outstanding
Hannard Investments
Hannard Investments LTD
A registered charge1 property08/07/2022—
outstanding
Jill Coombe
A registered charge1 property08/07/2022—
outstanding
Adpad Group
Adpad Group Limited
A registered charge1 property08/07/2022—
outstanding
Adpad Group
Adpad Group Limited
A registered charge1 property13/10/2021—
outstanding
Jill Coombe
A registered charge1 property13/10/2021—
outstanding
Hannard Investments
Hannard Investments LTD
A registered charge1 property13/10/2021—
outstanding
Hannard Investments
Hannard Investments LTD
A registered charge1 property10/02/2021—
outstanding
Jill Coombe
A registered charge1 property10/02/2021—
outstanding
Adpad Group
Adpad Group Limited
A registered charge1 property10/02/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-01
change-person-director-company-with-change-date
officers · CH01
2025-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
appoint-person-director-company-with-name-date
officers · AP01
2024-12-19
termination-director-company-with-name-termination-date
officers · TM01
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24