AD PROPERTIES (LANCASHIRE) LTD

💤Zombieactive
12437550 · ltd · incorporated 2020-02-03
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
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Turnover
year to Feb 2026
Net worth
£3.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 78/100 (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 (73/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 5.0y

5/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~5.0 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
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
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,834
Net assets shrinking
Down £723 YoY
Cash YoY
+31%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£563
↑ 31% YoY
Net Worth
£4k
↓ 16% YoY
Current Assets
Current Liabilities
£0£911£2k£3k£4k£5kFeb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-02-282025-02-28
Total assets£367.5k£368.2k
Cash£563£431
Net assets£3.8k£4.6k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-11-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-10-20
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  4. 2025-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-12-10
    📄
    capital-allotment-shares
    capital · SH01
  6. 2024-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-02-22
    🔒
    Charge registered #4
    Lender: The Mortgage Lender Limited
  8. 2023-11-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2022-12-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-12-02
    🔒
    Charge registered #3
    Lender: Shawbrook Bank Limited
  11. 2022-11-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2022-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-02-11
    🔒
    Charge registered #2
    Lender: Paratus Amc Limited
  15. 2022-01-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2021-07-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-07-22
    🔒
    Charge registered #1
    Lender: Paratus Amc Limited
  18. 2020-02-03
    🏢
    Company incorporated
    As AD PROPERTIES (LANCASHIRE) LTD
  19. 2020-02-03
    REDHEAD, Darryl John appointed
    director
  20. 2020-02-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 59 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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
Mr Darryl John Redhead
Individual · British · DOB 01/1967 · age 59
sig. influencesignificant influence03/02/2020

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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10535614 · est 2016 · no financials extracted
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17038767 · est 2026 · no financials extracted
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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
Incorporated2020-02-03
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

2 York Street
Clitheroe
Lancashire
BB7 2DL
England

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2026-10-11
Last: 2025-09-27

Officers (1 active · 0 resigned)

REDHEAD, Darryl John
director · ~59y · appointed 2020-02-03
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property22/02/2024
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property02/12/2022
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property11/02/2022
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property22/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-05-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-22
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2025-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-27
capital-allotment-shares
capital · SH01
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28