ADDAPTX LTD
🌿Early-stageactive
15599832 · ltd · incorporated 2024-03-28
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 Sept 2025
Net worth
£-22.1k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 30920
Sector: Manufacturing
ALSO REGISTERED FOR
- 33170SIC 33170
- 47749SIC 47749
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 2.2y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.2 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £22,055
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
-£22k
Current Assets
£72k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-28 |
|---|---|
| Total assets | £-22.1k |
| Current assets | £72.5k |
| Net assets | £-22.1k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
- 2025-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-25🔒Charge registered #2Lender: Coventry and Warwickshire Reinvestment Trust LTD
- 2025-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-10📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2024-04-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-09🔒Charge registered #1Lender: Coventry and Warwickshire Reinvestment Trust LTD
- 2024-03-28🏢Company incorporatedAs ADDAPTX LTD
- 2024-03-28➕REDFORD, Michael Gordon appointeddirector
- 2024-03-28➕THOMPSON, Ian George appointeddirector
- 2024-03-28📄incorporation-companyincorporation · NEWINC
Owner dependency
78/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Young company: Only 2.2 years old — management layer unlikely to be developed.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Gordon Redford Individual · British · DOB 09/1958 · age 68 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/03/2024 |
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
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|---|---|---|---|---|---|---|---|
| ABSM LTD→ 05337230 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| ACCLES AND POLLOCK LIMITED→ 09931307 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ACCRETECH-SBS UK LTD.→ 03202316 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| ACETHERIX HEALTHCARE LTD→ 13799989 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACFORD DESIGN SERVICES LIMITED→ 02755070 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| ACP FACADE SERVICES LTD→ 12147018 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACT GROUP TECHNOLOGY CO., LIMITED→ 16500807 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTASK FLUID CONTROL LIMITED→ 16046719 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVE VIRTUE LTD→ 15129555 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADASSA FRAGRANCES LIMITED→ 16519457 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADBAR LIMITED→ 16331347 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADEKAZ LIMITED→ 12008544 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2024-03-28
Jurisdictionengland-wales
Primary SIC30920 — SIC 30920
Registered office
Unit 21 Centenary Business Centre
Hammond Close
Nuneaton
Warwickshire
CV11 6RY
England
Filing status
Accounts
Next due: 2027-06-28
Last made up to: 2025-09-28
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27
Officers (2 active · 0 resigned)
REDFORD, Michael Gordon→
Activedirector · ~68y · appointed 2024-03-28
View their other companies + combined net worth →
THOMPSON, Ian George→
Activedirector · ~58y · appointed 2024-03-28
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Coventry and Warwickshire Reinvestment Trust Coventry and Warwickshire Reinvestment Trust LTD | A registered charge | — | 25/11/2025 | — | |
| outstanding | Coventry and Warwickshire Reinvestment Trust Coventry and Warwickshire Reinvestment Trust LTD | A registered charge | — | 09/04/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (8 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-06
change-account-reference-date-company-current-extended
accounts · AA01
2025-04-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-10
incorporation-company
incorporation · NEWINC
2024-03-28