ADAMS WHOLESALE (SOUTHAMPTON) LTD

💤Zombieactive
12751337 · ltd · incorporated 2020-07-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£-772.1k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale of food, beverages and tobacco
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (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 -58% 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 5.4y

30/100
under pressure

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

  • · Oldest live charge is 5.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
Negative net assets
Liabilities exceed assets by £772,091
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£20k
↓ 58% YoY
Net Worth
-£772k
↓ 18% YoY
Current Assets
£174k
↓ 41% YoY
Current Liabilities
-£772k-£559k-£346k-£133k£80k£294kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-766.0k£-651.5k
Current assets£174.5k£293.6k
Cash£20.5k£48.7k
Debtors£142.7k£202.3k
Net assets£-772.1k£-654.5k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-12-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-12-01
    🔒
    Charge registered #2
    Lender: Allica Bank Limited
  7. 2023-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2022-09-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-06-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2021-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-02-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-02-08
    🔒
    Charge registered #1
    Lender: Adams One Stop Shop LTD
  15. 2021-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-01-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2020-07-17
    🏢
    Company incorporated
    As ADAMS WHOLESALE (SOUTHAMPTON) LTD
  18. 2020-07-17
    AHMET, Ali appointed
    director
  19. 2020-07-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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.)

Group structure

Adams One Stop Shop Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Adams One Stop Shop Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ADAMS WHOLESALE (SOUTHAMPTON) LTD
This company · 12751337

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%
NameSharesVoting rightsNature of controlNotified
Adams One Stop Shop Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting17/07/2020
2 historic (ceased) PSCs
  • Mr Ali Ahmetceased 14/09/2022· 50-75% shares · 50-75% voting
  • Suleyman Aliceased 19/01/2021· 25-50% shares · 25-50% voting

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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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
Incorporated2020-07-17
Jurisdictionengland-wales
Primary SIC46390 — Non-specialised wholesale of food, beverages and tobacco

Registered office

Unit 1 Silverdale
Meadow Road
Worthing
West Sussex
BN11 2RZ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-28
Last: 2025-09-14

Officers (1 active · 0 resigned)

AHMET, Ali
director · ~66y · appointed 2020-07-17
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property01/12/2023
outstanding
Adams One Stop Shop
Adams One Stop Shop LTD
A registered charge1 property08/02/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
change-person-director-company-with-change-date
officers · CH01
2024-08-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-09-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-14
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-25