ADEPT APPAREL LTD

🌿Early-stageactive
15387534 · ltd · incorporated 2024-01-04
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 Jan 2026
Net worth
£-1.5k
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 46160
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (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).

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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £1,490

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£1k
↓ 302% YoY
Current Assets
£360
↑ 179% YoY
Current Liabilities
-£1k-£1k-£750-£380-£10£360Jan 2025Jan 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2026-01-312025-01-31
Total assets£-1.5k£-371
Current assets£360£129
Net assets£-1.5k£-371

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
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 officers
Last 180 days
14
filings
  • 4 persons-with-significant-control
  • 3 officers
  • 3 address
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-31
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-03-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2026-02-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-02-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2026-01-31
    SELBY, Daniel resigned
    director
  8. 2026-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2026-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2026-01-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2026-01-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2026-01-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2026-01-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2026-01-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2025-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2024-01-04
    🏢
    Company incorporated
    As ADEPT APPAREL LTD
  17. 2024-01-04
    MACLEAN, William Angus appointed
    director
  18. 2024-01-04
    SELBY, Daniel appointed
    director
  19. 2024-01-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Young company: Only 2.4 years old — management layer unlikely to be developed.

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr William Angus Maclean
Individual · British · DOB 10/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/01/2024
1 historic (ceased) PSC
  • Mr Daniel Selbyceased 31/01/2026· 50-75% shares · 50-75% voting · board control

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

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
Incorporated2024-01-04
Jurisdictionengland-wales
Primary SIC46160 — SIC 46160

Registered office

Unit 4 Abbey Barn Business Centre, Abbey Barn Lane
Flackwell Heath,
High Wycombe
Buckinghamshire
HP10 9QQ
England

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03

Officers (1 active · 1 resigned)

MACLEAN, William Angus
director · ~57y · appointed 2024-01-04
View their other companies + combined net worth →
Active
SELBY, Daniel
director · ~47y · appointed 2024-01-04 · resigned 2026-01-31
Resigned

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

Recent filings (17 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-31
termination-director-company-with-name-termination-date
officers · TM01
2026-03-02
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-08
change-person-director-company-with-change-date
officers · CH01
2026-01-08
change-person-director-company-with-change-date
officers · CH01
2026-01-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-02