ADDERSTONE DEVELOPMENTS (110) LIMITED
🏛️Establishedactive
11939377 · ltd · incorporated 2019-04-11
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 5.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 5.8y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 5.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 7 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
69
Some moderate concerns — review 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
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 3 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-02-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-16➕PHILLIPS, Richard Malcolme appointeddirector
- 2026-02-16➖BAGGETT, Ian Robert, Dr resigneddirector
- 2026-02-16➖HARRISON, Allison Jane resigneddirector
- 2026-02-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-03📄legacyother · GUARANTEE2
- 2025-04-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-30📄legacyother · GUARANTEE2
- 2023-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-25📄legacyother · GUARANTEE2
- 2023-08-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-07➕SHIPLEY, Michael Raymond appointeddirector
- 2023-01-12➕HARRISON, Allison Jane appointeddirector
- 2023-01-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-12🔓Charge satisfied #3
- 2023-01-12🔓Charge satisfied #2
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-25📄legacyother · GUARANTEE2
- 2022-09-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-30➖SHIPLEY, Michael Raymond resigneddirector
- 2022-03-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-03-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-22➕SHIPLEY, Michael Raymond appointeddirector
- 2021-07-23🔒Charge registered #3Lender: Assetz Capital Trust Company Limited as Security Trustee
- 2021-07-23🔒Charge registered #2Lender: Assetz Capital Trust Company Limited as Security Trustee
- 2021-06-25🔓Charge satisfied #1
- 2021-03-16➖HARRISON, Allison Jane resigneddirector
- 2021-03-16➖SHIPLEY, Michael Raymond resigneddirector
- 2020-10-20🔒Charge registered #1Lender: National Westminster Bank PLC
- 2019-04-11🏢Company incorporatedAs ADDERSTONE DEVELOPMENTS (110) LIMITED
- 2019-04-11➕BAGGETT, Ian Robert, Dr appointeddirector
- 2019-04-11➕HARRISON, Allison Jane appointeddirector
- 2019-04-11➕SHIPLEY, Michael Raymond appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
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
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BAGGETT, Ian Robert, Dr resigned 2026-02-16; HARRISON, Allison Jane resigned 2026-02-16
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
Arlenia Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Arlenia Limited
Corporate parent · holds 75-100% shares
⬇
ADDERSTONE DEVELOPMENTS (110) LIMITED
This company · 11939377
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 |
|---|---|---|---|---|
Arlenia Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/01/2025 |
3 historic (ceased) PSCs
- Adderstone 1993 Limitedceased 01/01/2025· 75-100% shares
- Adderstone Developments Limitedceased 01/10/2021· 75-100% shares
- Adderstone Developments Limitedceased 01/07/2021· 75-100% shares
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 · Construction · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A . DALGLEISH PROPERTY SERVICES LIMITED→ 16999088 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| A E PLUMBING & HEATING SOLUTIONS LIMITED→ 14328084 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| A.G. MALLINSON GAS, PLUMBING & HEATING LIMITED→ 10722149 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ACF VENTILATION LIMITED→ 13303560 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ACW PROPERTY MANAGEMENT COMPANY LIMITED→ 10772911 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADARA PROPERTY BOLSOVER LTD→ 16797518 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADC WIND-TECH LTD→ 16414132 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADDERSTONE CONSTRUCTION LIMITED→ 15017577 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADDERSTONE DEVELOPMENTS (111) LIMITED→ 12250823 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADDERSTONE FACADES LIMITED→ 16294147 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDERSTONE PROJECTS LIMITED→ 05374580 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| ADDIS PROPERTY GROUP LTD→ 16877256 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2019-04-11
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
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: 2027-03-23
Last: 2026-03-09
Officers (2 active · 5 resigned)
PHILLIPS, Richard Malcolme→
Activedirector · ~47y · appointed 2026-02-16
View their other companies + combined net worth →
SHIPLEY, Michael Raymond→
Activedirector · ~42y · appointed 2023-08-07
View their other companies + combined net worth →
BAGGETT, Ian Robert, Dr→
Resigneddirector · ~54y · appointed 2019-04-11 · resigned 2026-02-16
HARRISON, Allison Jane→
Resigneddirector · ~62y · appointed 2023-01-12 · resigned 2026-02-16
HARRISON, Allison Jane→
Resigneddirector · ~62y · appointed 2019-04-11 · resigned 2021-03-16
SHIPLEY, Michael Raymond→
Resigneddirector · ~42y · appointed 2021-09-22 · resigned 2022-08-30
SHIPLEY, Michael Raymond→
Resigneddirector · ~42y · appointed 2019-04-11 · resigned 2021-03-16
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Assetz Capital Trust Company as Security Trustee Assetz Capital Trust Company Limited as Security Trustee | A registered charge | — | 23/07/2021 | 12/01/2023 | |
| satisfied | Assetz Capital Trust Company as Security Trustee Assetz Capital Trust Company Limited as Security Trustee | A registered charge | 3 properties | 23/07/2021 | 12/01/2023 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 20/10/2020 | 25/06/2021 |
Recent filings (48 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
appoint-person-director-company-with-name-date
officers · AP01
2026-02-17
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-04
legacy
other · GUARANTEE2
2025-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
legacy
other · GUARANTEE2
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-07
legacy
other · GUARANTEE2
2023-10-25
appoint-person-director-company-with-name-date
officers · AP01
2023-08-15