ADAMS SELFSTORE LLP

💤Zombieactive
OC305527 · llp · incorporated 2003-09-15
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.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2025
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 66/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

9 live charges · 4 lenders · oldest 17.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 17.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (68/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Cash draining
Cash down 50% YoY
Cash YoY
-50%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£543k
↓ 50% YoY
Net Worth
Current Assets
£865k
↓ 40% YoY
Current Liabilities
£0£288k£575k£863k£1.2m£1.4mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£4.60M£5.35M
Current assets£865.5k£1.44M
Cash£542.6k£1.09M
Debtors£312.6k£338.3k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2026-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-17
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  3. 2025-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-10-27
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  5. 2025-09-15
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-12-17
    ASPINALL, Peter Melville resigned
    llp-designated-member
  7. 2024-12-17
    ASPINALL, Eileen Joyce resigned
    llp-member
  8. 2024-12-17
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  9. 2024-12-17
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  10. 2024-09-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  11. 2024-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-09-29
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  13. 2023-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-12-21
    📄
    notification-of-a-person-with-significant-control-statement-limited-liability-partnership
    persons-with-significant-control · LLPSC08
  15. 2022-11-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  16. 2022-11-29
    🔓
    Charge satisfied #3
  17. 2022-09-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2022-09-21
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  19. 2022-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-09-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2021-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-09-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  23. 2020-07-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-12-20
    📄
    withdrawal-of-a-person-with-significant-control-statement-limited-liability-partnership
    persons-with-significant-control · LLPSC09
  25. 2019-09-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  26. 2019-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2018-09-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  28. 2018-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2015-05-06
    🔒
    Charge registered #10
    Lender: Lloyds Bank PLC
  30. 2014-09-01
    🔒
    Charge registered #6
    Lender: Lloyds Bank PLC
  31. 2014-09-01
    🔒
    Charge registered #5
    Lender: Lloyds Bank PLC
  32. 2013-03-11
    🔒
    Charge registered #9
    Lender: Lloyds Bank PLC
  33. 2013-03-11
    🔒
    Charge registered #8
    Lender: Lloyds Bank PLC
  34. 2013-03-11
    🔒
    Charge registered #7
    Lender: Lloyds Bank PLC
  35. 2013-03-11
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Bank PLC
  36. 2012-12-06
    🔓
    Charge satisfied #2
  37. 2008-12-15
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  38. 2008-07-25
    🔒
    Charge registered #2
    Lender: Adler & Cny Privatbanken
  39. 2004-02-01
    ASPINALL, Eileen Joyce appointed
    llp-member
  40. 2003-09-15
    🏢
    Company incorporated
    As ADAMS SELFSTORE LLP
  41. 2003-09-15
    OLIVER, John appointed
    llp-designated-member
  42. 2003-09-15
    CASTLE MANAGEMENT LLC appointed
    corporate-llp-designated-member
  43. 2003-09-15
    ASPINALL, Peter Melville appointed
    llp-designated-member
  44. 2003-09-15
    OCS CORPORATE SECRETARIES LIMITED appointed
    corporate-llp-designated-member
  45. 2003-09-15
    OCS CORPORATE SECRETARIES LIMITED resigned
    corporate-llp-designated-member
  46. 2003-09-15
    OCS DIRECTORS LIMITED appointed
    corporate-llp-designated-member
  47. 2003-09-15
    OCS DIRECTORS LIMITED resigned
    corporate-llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

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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
Typellp
Incorporated2003-09-15
Jurisdictionengland-wales
Primary SIC

Registered office

Swan Centre
4 Higher Swan Lane
Bolton
BL3 3AQ
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-09-29
Last: 2025-09-15

Officers (2 active · 4 resigned)

OLIVER, John
llp-designated-member · ~80y · appointed 2003-09-15
View their other companies + combined net worth →
Active
CASTLE MANAGEMENT LLC
corporate-llp-designated-member · appointed 2003-09-15
View their other companies + combined net worth →
Active
ASPINALL, Peter Melville
llp-designated-member · ~80y · appointed 2003-09-15 · resigned 2024-12-17
Resigned
OCS CORPORATE SECRETARIES LIMITED
corporate-llp-designated-member · appointed 2003-09-15 · resigned 2003-09-15
Resigned
OCS DIRECTORS LIMITED
corporate-llp-designated-member · appointed 2003-09-15 · resigned 2003-09-15
Resigned
ASPINALL, Eileen Joyce
llp-member · ~81y · appointed 2004-02-01 · resigned 2024-12-17
Resigned

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

Mortgages & charges

9
Total charges
7
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge06/05/2015
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property01/09/2014
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property01/09/2014
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property11/03/2013
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property11/03/2013
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property11/03/2013
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed1 property11/03/2013
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Legal mortgage1 property15/12/200829/11/2022
satisfied
Adler & Cny Privatbanken
Mortgage1 property25/07/200806/12/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-15
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-27
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-09-15
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-12-17
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
notification-of-a-person-with-significant-control-statement-limited-liability-partnership
persons-with-significant-control · LLPSC08
2022-12-21
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-09-21
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2022-09-21