AD SUBS LTD
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -89% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 6.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £450.2k | £340.0k |
| Current assets | £12.2k | £101.4k |
| Cash | £10.0k | £93.9k |
| Net assets | £188.2k | £137.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 address
- • 1 mortgage
- • 2 address
- • 1 mortgage
- • 1 confirmation-statement
Corporate timeline (22 events)Click to expand
- 2026-05-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-10🔒Charge registered #2Lender: Romaco Spv 2 Limited
- 2026-04-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-01➕ATHWAL, Susan appointeddirector
- 2024-10-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-01➖ATHWAL, Susan resigneddirector
- 2021-10-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-03📄capital-allotment-sharescapital · SH01
- 2020-08-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-03-20🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2020-01-29🏢Company incorporatedAs AD SUBS LTD
- 2020-01-29➕ATHWAL, Hargurbindar Singh appointeddirector
- 2020-01-29➕ATHWAL, Susan appointeddirector
- 2020-01-29📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 66 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Hargurbindar Singh Athwal Individual · British · DOB 05/1960 · age 66 | — | — | board controlboard control | 29/01/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Hospitality · WV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ABBEY SERVICED APARTMENTS LIMITED→ 14751574 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL SEASON TETTENHALL LTD→ 16391566 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AUTHENTIC FOODS DISTRIBUTION LTD→ 13914049 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BAKERSBREW LIMITED→ 16318352 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BAL'S FISH BAR LTD→ 13131695 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BALTI PENN LTD→ 13989886 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BARN & FESTIVAL WEDDINGS LIMITED→ 15142162 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BASIL & DOUGH LTD→ 16379398 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BASSA VILLA LIMITED→ 09337878 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BASSAT GROUP LIMITED→ 16053187 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BB CATERING SERVICES LTD→ 15486839 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BEANSMITHS LTD→ 13084700 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | 3 properties | 10/04/2026 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 20/03/2020 | — |