ADAMSON REFRIGERATION CONTRACTS LTD

💤Zombieactive
NI666400 · ltd · incorporated 2019-12-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
—
year to Dec 2024
Net worth
£287.9k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: SIC 33200
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. 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: share sale to pe / searcher (58/100).

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
3 officers (1 active, 3 linked, 3 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
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £287,864

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£288k
Current Assets
£282k
Current Liabilities
—
£0£58k£115k£173k£230k£288kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£290.8k—
Current assets£282.0k—
Net assets£287.9k—
Average employees—100

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-09-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2021-07-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-07-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-07-01
    ➖
    ADAMSON, James Richard resigned
    director
  11. 2021-06-21
    ➕
    ADAMSON, Raymond James appointed
    director
  12. 2020-12-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-05-03
    ➖
    ADAMSON, Raymond James resigned
    director
  14. 2019-12-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-12-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-12-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-12-09
    🏢
    Company incorporated
    As ADAMSON REFRIGERATION CONTRACTS LTD
  18. 2019-12-09
    ➕
    ADAMSON, James Richard appointed
    director
  19. 2019-12-09
    ➕
    ADAMSON, Raymond James appointed
    director
  20. 2019-12-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "ADAMSON" — strong identity link between founder and business.

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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Raymond James Adamson
Individual · British · DOB 04/1971 · age 55
75–100%
75–100%75-100% shares · 75-100% voting09/12/2019
1 historic (ceased) PSC
  • Mr James Richard Adamsonceased 01/07/2021· 25-50% shares · 25-50% voting

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

7 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
Incorporated2019-12-09
Jurisdictionnorthern-ireland
Primary SIC33200 — SIC 33200

Registered office

7 Houston Drive
Belfast
County Antrim
BT5 6AZ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (1 active · 2 resigned)

ADAMSON, Raymond James→
director · ~55y · appointed 2021-06-21
View their other companies + combined net worth →
Active
ADAMSON, James Richard→
director · ~46y · appointed 2019-12-09 · resigned 2021-07-01
Resigned
ADAMSON, Raymond James→
director · ~55y · appointed 2019-12-09 · resigned 2020-05-03
Resigned

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

Recent filings (21 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-02
termination-director-company-with-name-termination-date
officers · TM01
2021-07-02
appoint-person-director-company-with-name-date
officers · AP01
2021-07-02
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-13