ADECO EXCEL LLP

💤Zombieactive
OC352633 · llp · incorporated 2010-02-25
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
—
not disclosed
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 16.2y

45/100
under pressure

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

  • · Oldest live charge is 16.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (54/100)

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

Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-05-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-10-29
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  3. 2025-10-29
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  4. 2025-10-29
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  5. 2025-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-03-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2024-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-06-19
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  9. 2024-03-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2023-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-03-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2022-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-04-20
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  14. 2022-04-05
    ➖
    HAMBLIN, Deborah resigned
    llp-member
  15. 2022-03-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2021-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-03-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2020-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-03-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  20. 2019-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-03-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  22. 2018-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2018-02-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  24. 2017-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2017-04-29
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  26. 2016-11-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2010-03-17
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  28. 2010-02-25
    🏢
    Company incorporated
    As ADECO EXCEL LLP
  29. 2010-02-25
    ➕
    HAMBLIN, Andrew Paul appointed
    llp-designated-member
  30. 2010-02-25
    ➕
    HAMBLIN, Darren appointed
    llp-designated-member
  31. 2010-02-25
    ➕
    HAMBLIN, Theresa Jayne appointed
    llp-member
  32. 2010-02-25
    ➕
    HAMBLIN WATERMAINS LIMITED appointed
    corporate-llp-member
  33. 2010-02-25
    ➕
    HAMBLIN, Deborah appointed
    llp-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 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Hamblin Watermains Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Hamblin Watermains Limited
Corporate parent
⬇
ADECO EXCEL LLP
This company · OC352633

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Hamblin Watermains Limited
Corporate entity
——control reported06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · same sector · RG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
4COM GROUP LIMITED→
10844874 · est 2017 · no financials extracted
————8y——
4X4MATT LTD→
07703003 · est 2011 · no financials extracted
————14y——
5 ST. MARTIN`S TERRACE LIMITED→
06172861 · est 2007 · no financials extracted
————19y——
5STARSOURCING LTD→
16121782 · est 2024 · no financials extracted
————1y——
61 RUSSELL ROAD MANAGEMENT COMPANY LIMITED→
16377081 · est 2025 · no financials extracted
————1y——
62 SOUTH STREET RTM COMPANY LIMITED→
15609056 · est 2024 · no financials extracted
————2y——
67-69 BROMFELDE ROAD MANAGEMENT LIMITED→
01144478 · est 1973 · no financials extracted
————52y——
7 ERLEIGH ROAD READING MANAGEMENT COMPANY LIMITED→
02939213 · est 1994 · no financials extracted
————31y——
76 READING ROAD HENLEY RTM LTD→
09566511 · est 2015 · no financials extracted
————10y——
79 LONDON ROAD ENTERPRISES LIMITED→
10207747 · est 2016 · no financials extracted
————9y——
7H HOLDINGS LIMITED→
10420561 · est 2016 · no financials extracted
————9y——
8 PARK ROAD RESIDENTS ASSOCIATION LIMITED→
05416102 · est 2005 · no financials extracted
————21y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2010-02-25
Jurisdictionengland-wales
Primary SIC—

Registered office

5th Floor, R+ Building, 2
Blagrave Street
Reading
RG1 1AZ
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-11
Last: 2026-02-25

Officers (4 active · 1 resigned)

HAMBLIN, Andrew Paul→
llp-designated-member · ~59y · appointed 2010-02-25
View their other companies + combined net worth →
Active
HAMBLIN, Darren→
llp-designated-member · ~56y · appointed 2010-02-25
View their other companies + combined net worth →
Active
HAMBLIN, Theresa Jayne→
llp-member · ~57y · appointed 2010-02-25
View their other companies + combined net worth →
Active
HAMBLIN WATERMAINS LIMITED→
corporate-llp-member · appointed 2010-02-25
View their other companies + combined net worth →
Active
HAMBLIN, Deborah→
llp-member · ~56y · appointed 2010-02-25 · resigned 2022-04-05
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property17/03/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (41 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-05-20
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2025-10-29
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-29
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-25
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2024-06-19
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-18
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2022-04-20
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-17