ADD RECRUITMENT LTD

🌿Early-stageactive
15040488 · ltd · incorporated 2023-07-31
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 Jul 2025
Net worth
£-702
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
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. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -99% YoY — forensic review of receivables, stock turns, and creditor days. 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £702
Very low cash
Cash position: £47
Net assets shrinking
Down £14,150 YoY
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£47
↓ 99% YoY
Net Worth
-£702
↓ 105% YoY
Current Assets
£3k
Current Liabilities
-£702£2k£5k£8k£11k£13kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£-702£13.4k
Current assets£2.5k
Cash£47£3.4k
Debtors£2.5k
Net assets£-702£13.4k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-10-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-10-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-03-28
    📄
    capital-name-of-class-of-shares
    capital · SH08
  8. 2025-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-07-31
    🏢
    Company incorporated
    As ADD RECRUITMENT LTD
  10. 2023-07-31
    BYRNE, Ruth Irene appointed
    director
  11. 2023-07-31
    SHAW, Jon Michael appointed
    director
  12. 2023-07-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Ruth Irene Byrne
Individual · British · DOB 12/1976 · age 50
2550%
25–50%board control25-50% shares · 25-50% voting · board control31/07/2023
Mr Jon Michael Shaw
Individual · British · DOB 01/1968 · age 58
2550%
25–50%25-50% shares · 25-50% voting31/07/2023

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

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
Incorporated2023-07-31
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

10 Tunnicliffes New Row
Leigh
Lancs
WN7 4TW
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (2 active · 0 resigned)

BYRNE, Ruth Irene
director · ~50y · appointed 2023-07-31
View their other companies + combined net worth →
Active
SHAW, Jon Michael
director · ~58y · appointed 2023-07-31
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

change-person-director-company-with-change-date
officers · CH01
2025-10-09
change-person-director-company-with-change-date
officers · CH01
2025-10-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-07
capital-name-of-class-of-shares
capital · SH08
2025-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
incorporation-company
incorporation · NEWINC
2023-07-31