ADEX MARKETS LTD
🌿Early-stageactive
13893374 · ltd · incorporated 2022-02-04
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 60/100. 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: strategic trade sale (73/100).
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
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
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
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|
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 (26 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-08-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-20📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-01-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-16➕HARDY, David Malcolm appointeddirector
- 2023-01-16➕WILKINSON, Alexander William Durham appointeddirector
- 2022-04-19📄change-person-director-company-with-change-dateofficers · CH01
- 2022-04-19📄change-person-director-company-with-change-dateofficers · CH01
- 2022-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-04-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-08✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-02-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-02-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-04🏢Company incorporatedAs ADEX MARKETS LTD
- 2022-02-04➕KAMBER, Emir appointeddirector
- 2022-02-04➕RADIC, Djordje appointeddirector
- 2022-02-04📄incorporation-companyincorporation · NEWINC
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-20
Group structure
Alternative Derivatives Exchange Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Alternative Derivatives Exchange Ltd
Corporate parent · holds 75-100% shares · board control
⬇
ADEX MARKETS LTD
This company · 13893374
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Alternative Derivatives Exchange Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/02/2022 |
Mr Djordje Radic Individual · British · DOB 10/1987 · age 39 | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 04/02/2022 |
Mr Emir Kamber Individual · British · DOB 04/1979 · age 47 | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 04/02/2022 |
2 historic (ceased) PSCs
- Mr Djordje Radicceased 07/02/2022· 25-50% shares · 25-50% voting · board control
- Mr Emir Kamberceased 07/02/2022· 25-50% shares · 25-50% voting · board control
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 →Similar companies
Active · Financial services · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADROIT FINANCIAL PLANNING LIMITED→ 07980535 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ADVANCED TECHNOLOGY ASSURANCE LIMITED→ 14613267 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ADVANTA HOLDINGS LIMITED→ 05171185 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ADVANTA LOSS ADJUSTERS LIMITED→ 04800575 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ADVANTA QUANTITY SURVEYING LIMITED→ 05377856 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| ADVANTAGE DCP LTD→ 08932909 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ADVANTIS CREDIT LIMITED→ 05223252 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ADVENT SOLUTIONS HOLDINGS LIMITED→ 04710188 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ADVENT SOLUTIONS MANAGEMENT LIMITED→ 04092670 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ADVENTURE FG LTD→ 16604236 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVICE ECOSYSTEM TECHNOLOGIES LIMITED→ 15564560 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVICTUS LTD→ 16110215 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2022-02-04
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
6th Floor Basildon House
7 -11 Moorgate
London
EC2R 6AF
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-03-20OVERDUE
Last: 2025-03-06
Officers (4 active · 0 resigned)
HARDY, David Malcolm→
Activedirector · ~71y · appointed 2023-01-16
View their other companies + combined net worth →
KAMBER, Emir→
Activedirector · ~47y · appointed 2022-02-04
View their other companies + combined net worth →
RADIC, Djordje→
Activedirector · ~39y · appointed 2022-02-04
View their other companies + combined net worth →
WILKINSON, Alexander William Durham→
Activedirector · ~63y · appointed 2023-01-16
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (25 total)
accounts-with-accounts-type-dormant
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
accounts-with-accounts-type-dormant
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-dormant
accounts · AA
2023-08-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-01-20
appoint-person-director-company-with-name-date
officers · AP01
2023-01-20