A & D HOMES (SOUTH WEST) LTD

💤Zombieactive
14712512 · ltd · incorporated 2023-03-07
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
not disclosed
Net worth
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 2.7y

0/100
under pressure

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

  • · Newest facility, 2.7 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 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
4 connected companies via shared directors
57
Filing history
11 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.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
3
filings
  • 2 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-03-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  2. 2025-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-06-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-06-18
    🔒
    Charge registered #3
    Lender: One Stop Business Finance Spv 3 Limited
  5. 2025-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-12-05
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-09-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-09-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-09-13
    🔒
    Charge registered #2
    Lender: Exeter Finance LTD
  10. 2023-09-13
    🔒
    Charge registered #1
    Lender: Orchardhay Limited
  11. 2023-03-07
    🏢
    Company incorporated
    As A & D HOMES (SOUTH WEST) LTD
  12. 2023-03-07
    ADAMS, Leon Richard appointed
    director
  13. 2023-03-07
    📄
    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 Leon Richard Adams
Individual · British · DOB 09/1981 · age 45
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/03/2023

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

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.

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Company details

Statusactive
Typeltd
Incorporated2023-03-07
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

C/O L J Developments (South West) Ltd
Rolle Road
Torrington
EX38 8AU
United Kingdom

Filing status

Accounts
Next due: 2026-06-29
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06

Officers (1 active · 0 resigned)

ADAMS, Leon Richard
director · ~45y · appointed 2023-03-07
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
One Stop Business Finance Spv 3
One Stop Business Finance Spv 3 Limited
A registered charge1 property18/06/2025
outstanding
Exeter Finance
Exeter Finance LTD
A registered charge1 property13/09/2023
outstanding
Orchardhay
Orchardhay Limited
A registered charge1 property13/09/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

change-account-reference-date-company-previous-extended
accounts · AA01
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-14
incorporation-company
incorporation · NEWINC
2023-03-07