ADELINE SEARCH LTD
🌿Early-stageactive
14840498 · ltd · incorporated 2023-05-02
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 May 2025
Net worth
£-104.1k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (79/100)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
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
20 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
74
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £104,082
Net assets shrinking
Down £104,182 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£104k
↓ 104182% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-47.9k | £100 |
| Current assets | — | £100 |
| Cash | — | £100 |
| Net assets | £-104.1k | £100 |
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
6
filings
- • 3 officers
- • 2 address
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-02-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-10➖MCDONALD, Louise Brooks resigneddirector
- 2026-02-10➖OGDEN, Garry Raymond resigneddirector
- 2026-02-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-02-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-02-01➖KAY, Ashleigh resignedsecretary
- 2026-01-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-12➕MCDONALD, Louise Brooks appointeddirector
- 2024-11-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-01➖MCDONALD, Louise Brooks resigneddirector
- 2024-02-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-17📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-07-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-10➕KAY, Ashleigh appointedsecretary
- 2023-07-05➕OGDEN, Garry Raymond appointeddirector
- 2023-05-02🏢Company incorporatedAs ADELINE SEARCH LTD
- 2023-05-02➕REAY, John Charlton appointeddirector
- 2023-05-02➕TURNER, Colin John appointeddirector
- 2023-05-02➕MCDONALD, Louise Brooks appointeddirector
- 2023-05-02📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome 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 signalLimited 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
1 med · 1 low3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: KAY, Ashleigh resigned 2026-02-01; MCDONALD, Louise Brooks resigned 2026-02-10; OGDEN, Garry Raymond resigned 2026-02-10
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Charlton Reay Individual · British · DOB 11/1977 · age 49 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/05/2023 |
1 historic (ceased) PSC
- Mrs Louise Brooks Mcdonaldceased 01/11/2024· 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 · Other · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADAMSON DEL 4 LIMITED→ 05157967 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ADAMSON WASTE LIMITED→ 13542148 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADASS YESHURUN SYNAGOGUE→ 10812133 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADDLESHAW GODDARD (HONG KONG) LIMITED→ 13803011 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADMINVERSE LTD→ 16783897 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AESTHETIC PRACTITIONERS FEDERATION LIMITED→ 11323329 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AESTHETIC PRACTITIONERS GUILD LIMITED→ 11323280 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AEW ARCHITECTS LIMITED→ 07274573 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AEW MANAGEMENT LIMITED→ 08250015 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AFFAIRES LTD→ 16621557 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFYBUK CARE LIMITED→ 13254044 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AGDEE LIMITED→ 14643402 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2023-05-02
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
20 First Floor, Swan Buildings 20
Swan Street
Manchester
M4 5JW
England
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15
Officers (2 active · 4 resigned)
REAY, John Charlton→
Activedirector · ~49y · appointed 2023-05-02
View their other companies + combined net worth →
TURNER, Colin John→
Activedirector · ~37y · appointed 2023-05-02
View their other companies + combined net worth →
KAY, Ashleigh→
Resignedsecretary · appointed 2023-07-10 · resigned 2026-02-01
MCDONALD, Louise Brooks→
Resigneddirector · ~38y · appointed 2025-04-12 · resigned 2026-02-10
MCDONALD, Louise Brooks→
Resigneddirector · ~38y · appointed 2023-05-02 · resigned 2024-11-01
OGDEN, Garry Raymond→
Resigneddirector · ~48y · appointed 2023-07-05 · resigned 2026-02-10
Click a director name to see their full track record across all companies.
Recent filings (20 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-09
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-30
appoint-person-director-company-with-name-date
officers · AP01
2025-04-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-05
termination-director-company-with-name-termination-date
officers · TM01
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-27