ADMAN CIVIL PROJECTS LIMITED
- 42110Construction of roads and motorways
- 42220SIC 42220
Opportunity 77/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -39% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 18.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £10.50M | £13.13M |
| Current assets | £17.88M | £21.53M |
| Cash | £6.18M | £10.09M |
| Debtors | £11.58M | £11.39M |
| Net assets | £10.12M | £12.60M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2026-02-12📄accounts-with-accounts-type-fullaccounts · AA
- 2025-02-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-19➕DIFFIN, Mark George appointeddirector
- 2024-12-19➕GALLAGHER, Gary Peter appointeddirector
- 2024-12-19➕MCGIRR, Nicholas Liam appointeddirector
- 2024-12-19➕TIERNEY, Ryan Martin appointeddirector
- 2024-12-19➕WOODS, Fiona Pamela appointeddirector
- 2024-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-01🔒Charge registered #2Lender: National Westminster Bank PLC (Trading as Ulster Bank)
- 2024-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-22📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-02-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-16📄accounts-with-accounts-type-fullaccounts · AA
- 2022-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-28📄accounts-with-accounts-type-fullaccounts · AA
- 2020-02-20📄accounts-with-accounts-type-fullaccounts · AA
- 2018-11-21📄accounts-with-accounts-type-fullaccounts · AA
- 2007-08-09🔒Charge registered #1Lender: Ulster Bank Limited
- 2007-05-08🏢Company incorporatedAs ADMAN CIVIL PROJECTS LIMITED
- 2007-05-08➕GRIMES, Martin Oliver appointedsecretary
- 2007-05-08➕GRIMES, Martin Oliver appointeddirector
- 2007-05-08➕MCCRORY, Adrian Oliver appointeddirector
- 2007-05-08➕C.S. SECRETARIAL SERVICES LTD appointedcorporate-secretary
- 2007-05-08➖C.S. SECRETARIAL SERVICES LTD resignedcorporate-secretary
- 2007-05-08➕CS DIRECTOR SERVICES LIMITED appointedcorporate-director
- 2007-05-08➖CS DIRECTOR SERVICES LIMITED resignedcorporate-director
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -7 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondary12+ year tenure: Director in role 19 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Adman Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adman Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 09/05/2017 |
Mr Adrian Mccrory Individual · Irish · DOB 01/1976 · age 50 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Martin Oliver Grimes Individual · Irish · DOB 03/1976 · age 50 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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6 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 →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
Registered office
Filing status
Officers (8 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group National Westminster Bank PLC (Trading as Ulster Bank) | A registered charge | — | 01/08/2024 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Debenture | 1 property | 09/08/2007 | — |