ADELE STREET LIMITED

🌳Matureactive
SC039244 · ltd · incorporated 1963-09-11
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 56.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (73/100, director aged 66). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 56.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 56.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-09-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-04-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2017-04-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2017-04-01
    ➕
    JOHNSTONE, Andrew James appointed
    director
  15. 2017-04-01
    ➕
    JOHNSTONE, Scott Nimmo appointed
    director
  16. 2017-02-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2016-02-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2002-04-26
    🔓
    Charge satisfied #4
  19. 2001-07-02
    🔓
    Charge satisfied #3
  20. 1992-04-09
    🔓
    Charge satisfied #1
  21. 1992-04-08
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  22. 1992-04-02
    ➕
    JOHNSTONE, Elaine Margaret appointed
    secretary
  23. 1992-04-02
    ➕
    JOHNSTONE, Elaine Margaret appointed
    director
  24. 1992-04-02
    ➖
    JOHNSTONE, Ian James resigned
    secretary
  25. 1992-04-02
    ➖
    COCKBURN, Harry James Kemp resigned
    director
  26. 1991-09-23
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  27. 1989-02-09
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  28. 1970-04-06
    🔒
    Charge registered #1
    Lender: British Bank of Commerce LTD
  29. 1963-09-11
    🏢
    Company incorporated
    As ADELE STREET LIMITED

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 63 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian James Johnstone
Individual · British · DOB 01/1962 · age 64
50–75%
50–75%50-75% shares · 50-75% voting01/07/2016
Mrs Elaine Margaret Johnstone
Individual · British · DOB 06/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting01/07/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated1963-09-11
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

47 Adele Street
Motherwell
Lanarkshire
ML1 2QE
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-09-11
Last: 2025-08-28

Officers (5 active · 2 resigned)

JOHNSTONE, Elaine Margaret→
secretary · appointed 1992-04-02
View their other companies + combined net worth →
Active
JOHNSTONE, Andrew James→
director · ~36y · appointed 2017-04-01
View their other companies + combined net worth →
Active
JOHNSTONE, Elaine Margaret→
director · ~66y · appointed 1992-04-02
View their other companies + combined net worth →
Active
JOHNSTONE, Ian James→
director · ~64y
View their other companies + combined net worth →
Active
JOHNSTONE, Scott Nimmo→
director · ~33y · appointed 2017-04-01
View their other companies + combined net worth →
Active
JOHNSTONE, Ian James→
secretary · resigned 1992-04-02
Resigned
COCKBURN, Harry James Kemp→
director · ~91y · resigned 1992-04-02
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property08/04/199226/04/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property23/09/199102/07/2001
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property09/02/1989—
satisfied
British Bank of Commerce
British Bank of Commerce LTD
Disposition & minute of agreement1 property06/04/197009/04/1992
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (111 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-27