ADNC PROJECTS (HOLDINGS) LIMITED

🌿Early-stageactive
14438505 · ltd · incorporated 2022-10-24
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2025
Net worth
£-40.4k
book net assets
Opportunity
66/100
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
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 62/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 2.8y

0/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 2.8 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
32 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £40,428
Net assets shrinking
Down £49,810 YoY
Cash YoY
+60%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
↑ 60% YoY
Net Worth
-£40k
↓ 531% YoY
Current Assets
£39k
↓ 5.4% YoY
Current Liabilities
-£40k-£24k-£8k£8k£25k£41kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets£-40.4k£9.4k
Current assets£38.6k£40.8k
Cash£7.6k£4.8k
Debtors£30.7k£35.7k
Net assets£-40.4k£9.4k

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
5
filings
  • 2 mortgage
  • 1 incorporation
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-05-02
    📄
    memorandum-articles
    incorporation · MA
  2. 2026-05-02
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2026-03-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-03-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-03-16
    🔓
    Charge satisfied #4
  6. 2026-03-16
    🔓
    Charge satisfied #3
  7. 2026-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2026-01-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-12-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2025-12-30
    🔒
    Charge registered #5
    Lender: Hampshire Trust Bank PLC
  11. 2025-12-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2025-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2025-12-08
    VOLLENTINE, Daniel Malcolm resigned
    director
  15. 2025-12-08
    VOLLENTINE, Danielle Simone resigned
    director
  16. 2025-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2025-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2025-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2025-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2025-01-13
    🔓
    Charge satisfied #2
  21. 2025-01-13
    🔓
    Charge satisfied #1
  22. 2025-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2025-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2025-01-06
    🔒
    Charge registered #4
    Lender: Reward Finance Group Limited
  25. 2025-01-06
    🔒
    Charge registered #3
    Lender: Reward Finance Group Limited
  26. 2024-11-05
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  27. 2024-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2023-11-01
    📄
    memorandum-articles
    incorporation · MA
  29. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  30. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  31. 2023-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  32. 2023-10-04
    🔒
    Charge registered #2
    Lender: Hope Capital 2 Limited
  33. 2023-10-04
    🔒
    Charge registered #1
    Lender: Hope Capital 2 Limited
  34. 2022-10-24
    🏢
    Company incorporated
    As ADNC PROJECTS (HOLDINGS) LIMITED
  35. 2022-10-24
    EMERY, Christopher David appointed
    director
  36. 2022-10-24
    FREIBACH, Adam Craig appointed
    director
  37. 2022-10-24
    VOLLENTINE, Daniel Malcolm appointed
    director
  38. 2022-10-24
    VOLLENTINE, Danielle Simone appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: VOLLENTINE, Daniel Malcolm resigned 2025-12-08; VOLLENTINE, Danielle Simone resigned 2025-12-08

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Adnc Construction Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Adnc Construction Limited
Corporate parent · holds 25-50% shares
significant stake
ADNC PROJECTS (HOLDINGS) LIMITED
This company · 14438505

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Adnc Construction Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting08/12/2025
Mr Christopher David Emery
Individual · British · DOB 11/1983 · age 43
2550%
25–50%board control25-50% shares · 25-50% voting · board control24/10/2022
Mr Adam Craig Freibach
Individual · British · DOB 08/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control24/10/2022
1 historic (ceased) PSC
  • Mr Daniel Malcolm Vollentineceased 08/12/2025· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2022-10-24
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Wellington House
Otley Street
Skipton
BD23 1EL
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (2 active · 2 resigned)

EMERY, Christopher David
director · ~43y · appointed 2022-10-24
View their other companies + combined net worth →
Active
FREIBACH, Adam Craig
director · ~45y · appointed 2022-10-24
View their other companies + combined net worth →
Active
VOLLENTINE, Daniel Malcolm
director · ~42y · appointed 2022-10-24 · resigned 2025-12-08
Resigned
VOLLENTINE, Danielle Simone
director · ~39y · appointed 2022-10-24 · resigned 2025-12-08
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Hampshire Trust Bank
Hampshire Trust Bank PLC
A registered charge1 property30/12/2025
satisfied
Reward Finance Group
Reward Finance Group Limited
A registered charge1 property06/01/202516/03/2026
satisfied
Reward Finance Group
Reward Finance Group Limited
A registered charge06/01/202516/03/2026
satisfied
Hope Capital 2
Hope Capital 2 Limited
A registered charge1 property04/10/202313/01/2025
satisfied
Hope Capital 2
Hope Capital 2 Limited
A registered charge04/10/202313/01/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

memorandum-articles
incorporation · MA
2026-05-02
resolution
resolution · RESOLUTIONS
2026-05-02
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-16
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-12-16
termination-director-company-with-name-termination-date
officers · TM01
2025-12-09
termination-director-company-with-name-termination-date
officers · TM01
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-27
change-person-director-company-with-change-date
officers · CH01
2025-04-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-13
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-13