ADDAS PROPERTIES LTD
Opportunity 72/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 0.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 0.9 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £92.8k | — |
| Current assets | £1.3k | — |
| Cash | £868 | — |
| Debtors | £403 | — |
| Net assets | £-875 | — |
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 accounts
- • 1 accounts
- • 1 mortgage
- • 1 accounts
- • 1 mortgage
Corporate timeline (15 events)Click to expand
- 2026-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-27🔒Charge registered #2Lender: Paragon Bank PLC
- 2025-08-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-31🔒Charge registered #1Lender: Mtf (Le) Limited
- 2025-06-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-06-02📄resolutionresolution · RESOLUTIONS
- 2025-06-02📄memorandum-articlesincorporation · MA
- 2024-08-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-03-18📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-12-20📄gazette-notice-compulsorygazette · GAZ1
- 2021-09-29🏢Company incorporatedAs ADDAS PROPERTIES LTD
- 2021-09-29➕DAS, Andrieca Polese appointeddirector
- 2021-09-29📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Andrieca Polese Das Individual · British · DOB 07/1969 · age 57 | 75–100% | — | 75-100% shares | 29/09/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| ADE LAND & HOLDINGS 4 LTD→ 16406898 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADE LAND & HOLDINGS 5 LTD→ 16406942 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 →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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 27/04/2026 | — | |
| outstanding | Mtf (Le) Mtf (Le) Limited | A registered charge | 1 property | 31/07/2025 | — |