ADN GROUP SERVICES LTD

💤Zombieactive
13129226 · ltd · incorporated 2021-01-12
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 Jan 2024
Net worth
£6.3k
book net assets
Opportunity
59/100
Worth a look
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What this business does
Primary activity: Removal services
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 51210SIC 51210
  • 52290Other transportation support activities
Investor take
Special-situation opportunity
Distressed transport with salvageable qualities — special-situations priority.

Opportunity 59/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (79/100)

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

Company profile
address, 3 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,274
Net assets shrinking
Down £1,544 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£6k
↓ 20% YoY
Current Assets
£6k
~ YoY
Current Liabilities
£0£2k£3k£5k£6k£8kJan 2023Jan 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-01-312023-01-31
Total assets£6.3k£14.6k
Current assets£5.6k£5.6k
Net assets£6.3k£7.8k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-10-03
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2024-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-10-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-03-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-03-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2024-01-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2022-10-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-05-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-04-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-04-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-01-12
    🏢
    Company incorporated
    As ADN GROUP SERVICES LTD
  15. 2021-01-12
    IRIGOYA SALINAS, Jonathan Steven appointed
    director
  16. 2021-01-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-10-31

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-10-03: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Steven Irigoya Salinas
Individual · Ecuadorean · DOB 07/1998 · age 28
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/01/2021
1 historic (ceased) PSC
  • Juan Irigoyenceased 12/01/2021· 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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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.

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Company details

Statusactive
Typeltd
Incorporated2021-01-12
Jurisdictionengland-wales
Primary SIC49420 — Removal services

Registered office

Rear Of 353 Lordship Lane
London
SE22 8JJ
England

Filing status

Accounts
Next due: 2025-10-31OVERDUE
Last made up to: 2024-01-31
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02

Officers (1 active · 0 resigned)

IRIGOYA SALINAS, Jonathan Steven
director · ~28y · appointed 2021-01-12
View their other companies + combined net worth →
Active

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

Recent filings (20 total)

certificate-change-of-name-company
change-of-name · CERTNM
2025-10-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-25
gazette-filings-brought-up-to-date
gazette · DISS40
2024-10-23
gazette-notice-compulsory
gazette · GAZ1
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-19
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-05
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-02-13
gazette-notice-compulsory
gazette · GAZ1
2024-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-23
accounts-with-accounts-type-dormant
accounts · AA
2022-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-02