ADPA LTD

💤Zombieactive
13987739 · ltd · incorporated 2022-03-18
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 Mar 2025
Net worth
£-41.1k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

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 1.5y

0/100
under pressure

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

  • · Newest facility, 1.5 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.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 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
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red 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 £41,120
Cash YoY
+46727%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↑ 46727% YoY
Net Worth
-£41k
↓ 4233% YoY
Current Assets
Current Liabilities
-£41k-£32k-£23k-£13k-£4k£5kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£202.7k£-949
Cash£5.2k£11
Net assets£-41.1k£-949

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 (16 events)Click to expand
  1. 2025-10-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-10-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-10-27
    🔓
    Charge satisfied #1
  4. 2025-10-24
    🔒
    Charge registered #2
    Lender: Fleet Mortgages Limited
  5. 2025-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-01-15
    🔒
    Charge registered #1
    Lender: Castle Trust Capital PLC
  8. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-12-18
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2024-12-12
    📄
    memorandum-articles
    incorporation · MA
  11. 2023-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-03-18
    🏢
    Company incorporated
    As ADPA LTD
  15. 2022-03-18
    ANDREW, James Omar Joseph appointed
    director
  16. 2022-03-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

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

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Omar Joseph Andrew
Individual · British · DOB 08/1982 · age 44
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/03/2022

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 →
🔒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
Incorporated2022-03-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Suite G04 1 Quality Court, Chancery Lane
London
WC2A 1HR
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (1 active · 0 resigned)

ANDREW, James Omar Joseph
director · ~44y · appointed 2022-03-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property24/10/2025
satisfied
Castle Trust Capital
Castle Trust Capital PLC
A registered charge1 property15/01/202527/10/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
resolution
resolution · RESOLUTIONS
2024-12-18
memorandum-articles
incorporation · MA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
change-person-director-company-with-change-date
officers · CH01
2023-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
incorporation-company
incorporation · NEWINC
2022-03-18