LINDSEY ADAM LIMITED

💤Zombieactive
SC121275 · ltd · incorporated 1989-11-10
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 Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 35.9y

45/100
under pressure

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

  • · Oldest live charge is 35.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 employees121600

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2023-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-01
    ➖
    ADAM, Deborah Mary resigned
    secretary
  7. 2022-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-03-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2019-03-08
    🔓
    Charge satisfied #2
  12. 2018-11-22
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  13. 2018-11-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-01-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-10-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-01-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-11-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2000-04-28
    ➕
    ADAM, Deborah Mary appointed
    secretary
  19. 2000-04-28
    ➖
    ADAM, Lindsey Hazel resigned
    secretary
  20. 2000-04-28
    ➖
    ADAM, Roma resigned
    director
  21. 1990-06-25
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  22. 1990-06-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 1990-05-11
    ➕
    ADAM, Lindsey Hazel appointed
    director
  24. 1990-05-11
    ➕
    ADAM, Lindsey Hazel appointed
    secretary
  25. 1990-05-11
    ➕
    ADAM, Roma appointed
    director
  26. 1989-11-10
    🏢
    Company incorporated
    As LINDSEY ADAM LIMITED

Owner dependency

100/100
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 "ADAM" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 37 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

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
Ms Lindsey Hazel Adam
Individual · British · DOB 05/1959 · age 67
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

8 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
Incorporated1989-11-10
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

80 Market Street
St Andrews
Fife
KY16 9PA

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02

Officers (1 active · 3 resigned)

ADAM, Lindsey Hazel→
director · ~67y · appointed 1990-05-11
View their other companies + combined net worth →
Active
ADAM, Deborah Mary→
secretary · appointed 2000-04-28 · resigned 2023-01-01
Resigned
ADAM, Lindsey Hazel→
secretary · appointed 1990-05-11 · resigned 2000-04-28
Resigned
ADAM, Roma→
director · ~93y · appointed 1990-05-11 · resigned 2000-04-28
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property25/06/199008/03/2019
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property20/06/1990—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-09
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-13