A2D PROJECTS LTD
🌿Early-stageactive
13970940 · ltd · incorporated 2022-03-11
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-191
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £191
Net assets shrinking
Down £21,565 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£191
↓ 101% YoY
Current Assets
£214k
↑ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £709 | £22.3k |
| Current assets | £214.2k | £189.2k |
| Net assets | £-191 | £21.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
- 2025-11-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-21➖SUBAR, Daren Anslem resigneddirector
- 2023-03-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-11🏢Company incorporatedAs A2D PROJECTS LTD
- 2022-03-11➕HARRIS, David Michael appointeddirector
- 2022-03-11➕RYAN, Alan appointeddirector
- 2022-03-11➕SUBAR, Daren Anslem appointeddirector
- 2022-03-11📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Michael Harris Individual · British · DOB 04/1970 · age 56 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 11/03/2022 |
Mr Alan Ryan Individual · British · DOB 01/1966 · age 60 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 11/03/2022 |
Mr Daren Anslem Subar Individual · British · DOB 03/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 11/03/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| A D A (OLDHAM) LIMITED→ 15504116 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A D WARD INVESTMENTS LIMITED→ 08758059 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| A.B. REALTY LIMITED→ 12271936 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AAAS MEDICAL & LEGAL LIMITED→ 12541585 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AARON PROPERTY MANAGEMENT CO LTD→ 05339193 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| AB DEVELOPMENT GROUPS LIMITED→ 14888579 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABAS ESTATES LIMITED→ 07440289 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ABBEYTHORN ESTATES LTD→ 08926983 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ABBOTSWOOD DEVELOPMENTS LIMITED→ 03735714 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| ABDALLA INVESTMENTS LIMITED→ 16337621 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABEMICH LIMITED→ 16128576 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABEXSUN PROPERTIES LIMITED→ 16978611 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2022-03-11
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26
Officers (2 active · 1 resigned)
HARRIS, David Michael→
Activedirector · ~56y · appointed 2022-03-11
View their other companies + combined net worth →
Active
SUBAR, Daren Anslem→
Resigneddirector · ~57y · appointed 2022-03-11 · resigned 2023-08-21
Click a director name to see their full track record across all companies.
Recent filings (11 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-dormant
accounts · AA
2023-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-31
termination-director-company-with-name-termination-date
officers · TM01
2023-09-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-24
incorporation-company
incorporation · NEWINC
2022-03-11