ADAPTIVE VR LTD

💤Zombieactive
11850755 · ltd · incorporated 2019-02-27
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2026
Net worth
£59.6k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (85/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
33 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £59,626
Cash YoY
+70%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£126k
↑ 70% YoY
Net Worth
£60k
↑ 552% YoY
Current Assets
£129k
↑ 71% YoY
Current Liabilities
-£30k£2k£33k£65k£97k£129kMar 2024Mar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-312024-03-31
Total assets£59.6k£9.1k£-30.2k
Current assets£128.8k£75.3k£35.0k
Cash£125.7k£74.1k£31.9k
Debtors£3.1k£1.2k£3.1k
Net assets£59.6k£9.1k£-30.2k

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
2
filings
  • 1 accounts
  • 1 officers
Last 180 days
3
filings
  • 1 accounts
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-04-27
    KIM SOFTWARE SOLUTIONS LTD resigned
    corporate-director
  3. 2026-04-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-01-14
    📄
    capital-allotment-shares
    capital · SH01
  5. 2025-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-01-31
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2025-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2025-01-30
    📄
    capital-name-of-class-of-shares
    capital · SH08
  9. 2025-01-29
    📄
    capital-allotment-shares
    capital · SH01
  10. 2024-09-28
    📄
    capital-allotment-shares
    capital · SH01
  11. 2024-09-28
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2024-09-28
    📄
    memorandum-articles
    incorporation · MA
  13. 2024-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-07-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2023-01-19
    SHARPLES, Andrew William resigned
    director
  16. 2023-01-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-12-09
    📄
    capital-allotment-shares
    capital · SH01
  18. 2022-12-09
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2022-12-09
    📄
    memorandum-articles
    incorporation · MA
  20. 2022-12-09
    📄
    capital-name-of-class-of-shares
    capital · SH08
  21. 2022-12-09
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  22. 2022-11-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2019-02-27
    🏢
    Company incorporated
    As ADAPTIVE VR LTD
  24. 2019-02-27
    GLADMAN, John Charles appointed
    director
  25. 2019-02-27
    SHARPLES, Andrew William appointed
    director
  26. 2019-02-27
    KIM SOFTWARE SOLUTIONS LTD appointed
    corporate-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
John Charles Gladman
Individual · British · DOB 11/1963 · age 63
2550%
25–50%25-50% shares · 25-50% voting27/02/2019

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

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
Incorporated2019-02-27
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

7 Britannia Court
Basildon
SS13 1EU
England

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (1 active · 2 resigned)

GLADMAN, John Charles
director · ~63y · appointed 2019-02-27
View their other companies + combined net worth →
Active
SHARPLES, Andrew William
director · ~50y · appointed 2019-02-27 · resigned 2023-01-19
Resigned
KIM SOFTWARE SOLUTIONS LTD
corporate-director · appointed 2019-02-27 · resigned 2026-04-27
Resigned

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

Recent filings (33 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-07-15
termination-director-company-with-name-termination-date
officers · TM01
2026-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-02
capital-allotment-shares
capital · SH01
2026-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-11
resolution
resolution · RESOLUTIONS
2025-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-31
capital-name-of-class-of-shares
capital · SH08
2025-01-30
capital-allotment-shares
capital · SH01
2025-01-29
capital-allotment-shares
capital · SH01
2024-09-28
resolution
resolution · RESOLUTIONS
2024-09-28
memorandum-articles
incorporation · MA
2024-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-01