ADEX PROPERTY LTD
🏛️Establishedactive
11877196 · ltd · incorporated 2019-03-12
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
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 74/100 (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 (58/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 6.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 6.9 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 (81/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-23🔒Charge registered #4Lender: Kensington Mortgage Company Limited
- 2024-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-15🔒Charge registered #3Lender: The Mortgage Lender Limited
- 2024-07-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-26🔒Charge registered #2Lender: The Mortgage Lender Limited
- 2022-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-09-09🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2019-03-12🏢Company incorporatedAs ADEX PROPERTY LTD
- 2019-03-12➕ODUSANYA, Adekunle Johnson appointeddirector
- 2019-03-12➕ODUSANYA, Oluwabunmi Ayodele appointeddirector
- 2019-03-12📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adekunle Johnson Odusanya Individual · British · DOB 02/1986 · age 40 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 12/03/2019 |
Mrs Oluwabunmi Ayodele Odusanya Individual · British · DOB 11/1989 · age 37 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 12/03/2019 |
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 →Similar companies
Active · Property · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADP PARTNERSHIP LIMITED→ 13680008 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADPROP REAL ESTATE DEVELOPMENT LTD→ 11339675 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADPT PROPERTY MANAGEMENT LTD→ 15007242 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADRIATIC LAND 1 (GR3) LIMITED→ 05489411 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AED ASSOCIATES LIMITED→ 09724579 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AEH PROPERTY HOLDINGS LIMITED→ 14544887 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AEOLA IT SOLUTIONS LTD→ 12021492 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AEREN PROPERTIES LTD→ 09743339 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AETERNUM GLOBAL LTD→ 12002335 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AETHERSTONE LTD→ 16641985 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AETREUM ASSET MANAGEMENT LIMITED→ 11087759 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AETREUMCAP LIMITED→ 13200280 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2019-03-12
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
124 City Road
London
EC1V 2NX
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20
Officers (2 active · 0 resigned)
ODUSANYA, Adekunle Johnson→
Activedirector · ~40y · appointed 2019-03-12
View their other companies + combined net worth →
ODUSANYA, Oluwabunmi Ayodele→
Activedirector · ~37y · appointed 2019-03-12
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 23/10/2025 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 15/08/2024 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 26/05/2023 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 09/09/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-05
change-person-director-company-with-change-date
officers · CH01
2024-06-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-05
change-person-director-company-with-change-date
officers · CH01
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15