ADDERSTONE (SUNDERLAND) LLP

💤Zombieactive
OC356785 · llp · incorporated 2010-07-28
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 Mar 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 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

19 live charges · oldest 15.5y

45/100
under pressure

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

  • · Oldest live charge is 15.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

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
2
filings
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
2
filings
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
  1. 2026-04-29
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  2. 2026-04-29
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  3. 2025-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2025-06-25
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  6. 2025-06-25
    🔓
    Charge satisfied #9
  7. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-08-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  10. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  11. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  12. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  13. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  14. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  15. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  16. 2024-04-29
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  17. 2024-04-29
    🔓
    Charge satisfied #19
  18. 2024-04-29
    🔓
    Charge satisfied #18
  19. 2024-04-29
    🔓
    Charge satisfied #17
  20. 2024-04-29
    🔓
    Charge satisfied #16
  21. 2024-04-29
    🔓
    Charge satisfied #15
  22. 2024-04-29
    🔓
    Charge satisfied #11
  23. 2024-04-29
    🔓
    Charge satisfied #6
  24. 2024-04-29
    🔓
    Charge satisfied #3
  25. 2024-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2023-12-18
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  27. 2023-07-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  28. 2022-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2022-08-01
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  30. 2022-07-19
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  31. 2022-07-08
    ➖
    MOMENTUM PENSIONS LIMITED resigned
    corporate-llp-designated-member
  32. 2022-04-28
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  33. 2022-04-28
    🔓
    Charge satisfied #7
  34. 2021-12-13
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  35. 2021-12-13
    🔓
    Charge satisfied #8
  36. 2021-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  37. 2021-07-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  38. 2019-02-14
    ➕
    THE PENSIONEER TRUSTEE COMPANY (GUERNSEY) LIMITED appointed
    corporate-llp-designated-member
  39. 2015-12-23
    🔒
    Charge registered #19
    Lender: Svenska Handelsbanken Ab (Publ)
  40. 2014-08-07
    🔒
    Charge registered #18
    Lender: Svenska Handelsbanken Ab (Publ)
  41. 2014-08-07
    🔒
    Charge registered #17
    Lender: Svenska Handelsbanken Ab (Publ)
  42. 2014-08-07
    🔒
    Charge registered #16
    Lender: Svenska Handelsbanken Ab (Publ)
  43. 2014-08-07
    🔒
    Charge registered #15
    Lender: Svenska Handelsbanken Ab (Publ)
  44. 2014-06-26
    🔒
    Charge registered #14
    Lender: Svenska Handelsbanken Ab (Publ)
  45. 2014-06-26
    🔒
    Charge registered #13
    Lender: Svenska Handelsbanken Ab (Publ)
  46. 2014-06-26
    🔒
    Charge registered #12
    Lender: Svenska Handelsbanken Ab (Publ)
  47. 2014-03-31
    ➕
    MOMENTUM PENSIONS LIMITED appointed
    corporate-llp-designated-member
  48. 2014-03-26
    🔒
    Charge registered #11
    Lender: Svenska Handelsbanken Ab (Publ)
  49. 2014-03-26
    🔒
    Charge registered #10
    Lender: Svenska Handelsbanken Ab (Publ)
  50. 2014-03-26
    🔒
    Charge registered #9
    Lender: Svenska Handelsbanken Ab (Publ)
Showing most recent 50 of 61 events

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

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.

8 live charges
low

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dr Ian Robert Baggett
Individual · British · DOB 12/1972 · age 54
——control reported06/04/2016

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
Typellp
Incorporated2010-07-28
Jurisdictionengland-wales
Primary SIC—

Registered office

Nelson House The Fleming
Burdon Terrace
Jesmond
Newcastle Upon Tyne
NE2 3AE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (3 active · 1 resigned)

BAGGETT, Ian Robert, Dr→
llp-designated-member · ~54y · appointed 2010-07-28
View their other companies + combined net worth →
Active
BAGGETT, Nicola→
llp-designated-member · ~50y · appointed 2010-07-28
View their other companies + combined net worth →
Active
THE PENSIONEER TRUSTEE COMPANY (GUERNSEY) LIMITED→
corporate-llp-designated-member · appointed 2019-02-14
View their other companies + combined net worth →
Active
MOMENTUM PENSIONS LIMITED→
corporate-llp-designated-member · appointed 2014-03-31 · resigned 2022-07-08
Resigned

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

Mortgages & charges

19
Total charges
8
Outstanding
1
Active lenders
Status:Lender:19 of 19 shown
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property23/12/201529/04/2024
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property07/08/201429/04/2024
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property07/08/201429/04/2024
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property07/08/201429/04/2024
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property07/08/201429/04/2024
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/06/2014—
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/06/2014—
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/06/2014—
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/03/201429/04/2024
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/03/2014—
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property26/03/201425/06/2025
satisfied
Svenska Handelsbanken Ab (Publ)
Legal mortgage1 property08/12/201013/12/2021
satisfied
Svenska Handelsbanken Ab (Publ)
Legal mortgage1 property08/12/201028/04/2022
satisfied
Svenska Handelsbanken Ab (Publ)
Legal mortgage3 properties08/12/201029/04/2024
outstanding
Svenska Handelsbanken Ab (Publ)
Legal mortgage1 property08/12/2010—
outstanding
Svenska Handelsbanken Ab (Publ)
Legal mortgage1 property08/12/2010—
satisfied
Svenska Handelsbanken Ab (Publ)
Legal mortgage2 properties08/12/201029/04/2024
outstanding
Svenska Handelsbanken Ab (Publ)
Legal mortgage2 properties08/12/2010—
outstanding
Svenska Handelsbanken Ab (Publ)
Mortgage debenture1 property08/12/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2026-04-29
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2026-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-08-05
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2025-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-08-05
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2024-04-29