ADWA.ERC LTD

🌿Early-stageactive
15702377 · ltd · incorporated 2024-05-03
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
not disclosed
Net worth
book net assets
Opportunity
49/100
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What this business does
Primary activity: Retail sale via mail order houses or via Internet
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47990Other retail sale not in stores, stalls or markets
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-10-29
    RTS appointed
    corporate-director
  4. 2025-10-29
    ANGELO, Addis resigned
    secretary
  5. 2025-10-29
    ANGELO, Addis resigned
    director
  6. 2025-10-29
    ASSEGIDEW, Meron resigned
    director
  7. 2025-10-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-10-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-10-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2025-10-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-10-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-10-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2025-10-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2025-10-29
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  15. 2025-10-03
    ASSEGIDEW, Meron appointed
    director
  16. 2025-10-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2025-10-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2025-10-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2025-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2025-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2025-05-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  22. 2025-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2025-05-02
    ASEGIDEW, Meron resigned
    director
  24. 2025-05-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2025-05-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2024-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2024-10-24
    ASEGIDEW, Meron appointed
    director
  28. 2024-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  29. 2024-05-03
    🏢
    Company incorporated
    As ADWA.ERC LTD
  30. 2024-05-03
    ANGELO, Addis appointed
    secretary
  31. 2024-05-03
    ANGELO, Addis appointed
    director
  32. 2024-05-03
    📄
    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 2.1 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

2 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-03

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-16

3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ANGELO, Addis resigned 2025-10-29; ANGELO, Addis resigned 2025-10-29; ASSEGIDEW, Meron resigned 2025-10-29

Group structure

Rts is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rts
Corporate parent · holds 75-100% shares · board control
ultimate parent
ADWA.ERC LTD
This company · 15702377

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Rts
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/10/2025
3 historic (ceased) PSCs
  • Ms Meron Assegidewceased 29/10/2025· 25-50% shares · 25-50% voting · board control
  • Ms Meron Asegidewceased 01/05/2025· 25-50% shares · 25-50% voting · board control · significant influence · firm interest
  • Mr Addis Angeloceased 29/10/2025· 75-100% shares · 75-100% 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

11 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 →
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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
Incorporated2024-05-03
Jurisdictionengland-wales
Primary SIC47910 — Retail sale via mail order houses or via Internet

Registered office

Suite A 82 James Carter Road
Mildenhall
Bury St. Edmunds
IP28 7DE
England

Filing status

Accounts
Next due: 2026-02-03OVERDUE
Last made up to:
Confirmation statement
Next due: 2026-05-16OVERDUE
Last: 2025-05-02

Officers (1 active · 4 resigned)

RTS
corporate-director · appointed 2025-10-29
View their other companies + combined net worth →
Active
ANGELO, Addis
secretary · appointed 2024-05-03 · resigned 2025-10-29
Resigned
ANGELO, Addis
director · ~21y · appointed 2024-05-03 · resigned 2025-10-29
Resigned
ASEGIDEW, Meron
director · ~47y · appointed 2024-10-24 · resigned 2025-05-02
Resigned
ASSEGIDEW, Meron
director · ~47y · appointed 2025-10-03 · resigned 2025-10-29
Resigned

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

Recent filings (23 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-29
termination-director-company-with-name-termination-date
officers · TM01
2025-10-29
termination-director-company-with-name-termination-date
officers · TM01
2025-10-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-29
appoint-corporate-director-company-with-name-date
officers · AP02
2025-10-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-03
appoint-person-director-company-with-name-date
officers · AP01
2025-10-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19