ADDERSTONE (223) LIMITED
- 68209Other letting and operating of own or leased real estate
Opportunity 76/100 (strong), bankability 67/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 4 lenders · oldest 4.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.7 years — mid-life; refi window approaching.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
- • 2 officers
Corporate timeline (38 events)Click to expand
- 2026-02-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-16➕PHILLIPS, Richard Malcolme appointeddirector
- 2026-02-16➖BAGGETT, Ian Robert, Dr resigneddirector
- 2025-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-17🔓Charge satisfied #5
- 2025-03-14🔒Charge registered #7Lender: Handelsbanken PLC
- 2025-03-14🔒Charge registered #6Lender: Handelsbanken PLC
- 2024-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-29🔓Charge satisfied #4
- 2024-04-29🔓Charge satisfied #3
- 2024-04-29🔓Charge satisfied #2
- 2023-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-03🔓Charge satisfied #1
- 2022-07-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-28🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2022-04-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-09-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-22🔒Charge registered #4Lender: Lloyds Bank PLC
- 2021-09-22🔒Charge registered #3Lender: Lloyds Bank PLC
- 2021-09-22🔒Charge registered #2Lender: Lloyds Bank PLC
- 2021-09-22🔒Charge registered #1Lender: Danly Limited
- 2021-08-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-26➕ANDREWS, Christopher John Francis appointeddirector
- 2021-02-11🏢Company incorporatedAs ADDERSTONE (223) LIMITED
- 2021-02-11➕SHIPLEY, Michael Raymond appointeddirector
- 2021-02-11➕BAGGETT, Ian Robert, Dr appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Adderstone (200) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adderstone (200) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/07/2021 |
1 historic (ceased) PSC
- Dr Ian Robert Baggettceased 28/07/2021· 75-100% shares
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
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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 →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 (3 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 14/03/2025 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | — | 14/03/2025 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 28/07/2022 | 17/03/2025 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 22/09/2021 | 29/04/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 22/09/2021 | 29/04/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 22/09/2021 | 29/04/2024 | |
| satisfied | Danly Danly Limited | A registered charge | 1 property | 22/09/2021 | 03/08/2022 |