A&D CONTRACTORS LTD

🏛️Establishedactive
12192769 · ltd · incorporated 2019-09-06
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2025
Net worth
£-16.1k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £16,087

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£16k
↑ 8.8% YoY
Current Assets
£48
Current Liabilities
-£18k-£14k-£11k-£7k-£3k£48Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£-16.1k£5.5k
Current assets£48
Net assets£-16.1k£-17.6k

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

Recent activity

Last 30 days
0
filings
Last 90 days
4
filings
  • 1 persons-with-significant-control
  • 1 address
  • 1 officers
Last 180 days
4
filings
  • 1 persons-with-significant-control
  • 1 address
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-05-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-05-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-06-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-11-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-11-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-11-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-11-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-08-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2021-09-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-09-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-09-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2021-09-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2019-09-06
    🏢
    Company incorporated
    As A&D CONTRACTORS LTD
  23. 2019-09-06
    HRITCU, Alexandru-Ionut appointed
    director
  24. 2019-09-06
    MIHALCIUC, Viorel-Danut appointed
    director

Owner dependency

63/100
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.
  • +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 signal

Limited 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Viorel-Danut Mihalciuc
Individual · Romanian · DOB 06/1996 · age 30
2550%
25–50%25-50% shares · 25-50% voting06/09/2019
Mr Alexandru-Ionut Hritcu
Individual · Romanian · DOB 01/1996 · age 30
2550%
25–50%25-50% shares · 25-50% voting06/09/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2019-09-06
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

84 Brampton Road
London
NW9 9DD
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04

Officers (2 active · 0 resigned)

HRITCU, Alexandru-Ionut
director · ~30y · appointed 2019-09-06
View their other companies + combined net worth →
Active
MIHALCIUC, Viorel-Danut
director · ~30y · appointed 2019-09-06
View their other companies + combined net worth →
Active

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

Recent filings (32 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
change-person-director-company-with-change-date
officers · CH01
2026-05-05
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
change-person-director-company-with-change-date
officers · CH01
2022-11-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-23