ADKIN PS LTD

💤Zombieactive
13741365 · ltd · incorporated 2021-11-12
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 Nov 2025
Net worth
£-19.8k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 3.6y

35/100
under pressure

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

  • · Charge age ~3.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · 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.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £19,847

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£20k
↑ 21% YoY
Current Assets
£6k
↓ 20% YoY
Current Liabilities
-£25k-£18k-£12k-£5k£1k£8kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-11-302024-11-30
Total assets£170.9k£167.7k
Current assets£6.4k£8.0k
Net assets£-19.8k£-25.0k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-01
    BLENKARN-ADKIN, Callandra resigned
    director
  6. 2023-07-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-11-02
    🔒
    Charge registered #1
    Lender: Fleet Mortgages Limited
  9. 2022-10-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-05-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-05-24
    BLENKARN-ADKIN, Callandra appointed
    director
  12. 2021-11-12
    🏢
    Company incorporated
    As ADKIN PS LTD
  13. 2021-11-12
    ADKIN, Timothy appointed
    director
  14. 2021-11-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

98/100
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 name in company name: Company name contains director surname "ADKIN" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

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

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-02

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Timothy Adkin
Individual · British · DOB 10/1966 · age 60
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/11/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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
Incorporated2021-11-12
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

119 Stonegate
Hunmanby
Filey
YO14 0PU
England

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-06-02OVERDUE
Last: 2025-05-19

Officers (1 active · 1 resigned)

ADKIN, Timothy
director · ~60y · appointed 2021-11-12
View their other companies + combined net worth →
Active
BLENKARN-ADKIN, Callandra
director · ~30y · appointed 2022-05-24 · resigned 2023-12-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property02/11/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-30
termination-director-company-with-name-termination-date
officers · TM01
2025-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-04
appoint-person-director-company-with-name-date
officers · AP01
2022-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-19
incorporation-company
incorporation · NEWINC
2021-11-12