ADANAC LTD

🌱Startupactive
16166637 · ltd · incorporated 2025-01-06
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

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 (20 events)Click to expand
  1. 2026-01-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-01-13
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  4. 2026-01-13
    ⚠️
    legacy
    insolvency · CAP-SS
  5. 2026-01-13
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2026-01-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2026-01-12
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2026-01-09
    📄
    memorandum-articles
    incorporation · MA
  9. 2026-01-09
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  10. 2025-03-04
    📄
    memorandum-articles
    incorporation · MA
  11. 2025-03-04
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2025-03-04
    📄
    capital-allotment-shares
    capital · SH01
  13. 2025-03-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2025-02-17
    📄
    capital-allotment-shares
    capital · SH01
  15. 2025-02-17
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2025-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2025-02-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2025-01-06
    🏢
    Company incorporated
    As ADANAC LTD
  19. 2025-01-06
    WILLSON, Neil Simon appointed
    director
  20. 2025-01-06
    📄
    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 1.5 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 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-01-13: legacy

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Neil Simon Willson
Individual · British · DOB 05/1969 · age 57
75100%
75–100%75-100% shares · 75-100% voting06/01/2025
1 historic (ceased) PSC
  • Mr Ian Stuart Willsonceased 23/12/2025· 25-50% shares · 25-50% voting

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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2025-01-06
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Kea Cottage
Killiow
Truro
TR3 6AE
England

Filing status

Accounts
Next due: 2026-10-06
Last made up to:
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (1 active · 0 resigned)

WILLSON, Neil Simon
director · ~57y · appointed 2025-01-06
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-14
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-01-13
legacy
insolvency · CAP-SS
2026-01-13
resolution
resolution · RESOLUTIONS
2026-01-13
capital-name-of-class-of-shares
capital · SH08
2026-01-12
resolution
resolution · RESOLUTIONS
2026-01-12
memorandum-articles
incorporation · MA
2026-01-09
capital-variation-of-rights-attached-to-shares
capital · SH10
2026-01-09
memorandum-articles
incorporation · MA
2025-03-04
resolution
resolution · RESOLUTIONS
2025-03-04
capital-allotment-shares
capital · SH01
2025-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-04
capital-allotment-shares
capital · SH01
2025-02-17