AD HOLDING COMPANY LIMITED

💤Zombieactive
SC336916 · ltd · incorporated 2008-01-30
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 Jan 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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 18.0y

45/100
under pressure

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

  • · Oldest live charge is 18.0 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
2 connected companies via shared directors
51
Filing history
62 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£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31

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
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-11-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-02-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-02-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2019-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-01-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2018-01-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2018-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-01-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2009-02-02
    ➖
    ARCHIBALD, Gordon Robert resigned
    director
  18. 2009-01-30
    ➖
    HBJGW SECRETARIAL LIMITED resigned
    corporate-secretary
  19. 2008-07-01
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  20. 2008-04-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  21. 2008-04-18
    ➕
    DIGNAN, Steven Clark appointed
    director
  22. 2008-03-05
    ➕
    ARCHIBALD, Gordon Robert appointed
    director
  23. 2008-03-05
    ➖
    HBJGW LIMITED resigned
    corporate-director
  24. 2008-01-30
    🏢
    Company incorporated
    As AD HOLDING COMPANY LIMITED
  25. 2008-01-30
    ➕
    HBJGW SECRETARIAL LIMITED appointed
    corporate-secretary
  26. 2008-01-30
    ➕
    HBJGW LIMITED appointed
    corporate-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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
Mr Steven Clark Dignan
Individual · British · DOB 01/1964 · age 62
75–100%
—75-100% shares06/04/2016

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 →

Similar companies

Active · Holding company · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE TUITEAM COMPANY LIMITED→
SC189123 · est 1998
£1.27M
£1.08M–£1.46M
—£1.27M—27y8385y
CP WAREHOUSING LIMITED→
SC247121 · est 2003
£2.4k
£2.0k–£2.7k
—£2.4k—23y8379y
BALFOUR & MANSON PROPERTY LTD.→
SC041493 · est 1964
£401
£341–£461
—£401—61y8266y
BLACKCRAIG WINDFARM HOLDINGS LIMITED→
SC502633 · est 2015
———011y8944y
ANDERSON STRATHERN TRUSTEE COMPANY LIMITED→
SC074397 · est 1981
————45y8366y
CRUDEN HOLDINGS LIMITED→
SC339123 · est 2008 · no financials extracted
————18y8359y
DEFENSOR TRUSTEES (2001) LIMITED→
SC083874 · est 1983
————42y8364y
LAKESTREAM LIMITED→
SC183164 · est 1998 · no financials extracted
————28y8372y
MBM TRUSTEE COMPANY LIMITED→
SC257813 · est 2003 · no financials extracted
————22y8359y
VINDEX TRUSTEES LIMITED→
SC026895 · est 1949
————77y8364y
APPINDALE LIMITED→
SC183542 · est 1998 · no financials extracted
————28y8284y
BEN LINE AGENCIES LIMITED→
SC100101 · est 1986 · no financials extracted
————39y8273y
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
Incorporated2008-01-30
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

101 Milton Road East
Edinburgh
EH15 2PA
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30

Officers (1 active · 3 resigned)

DIGNAN, Steven Clark→
director · ~62y · appointed 2008-04-18
View their other companies + combined net worth →
Active
HBJGW SECRETARIAL LIMITED→
corporate-secretary · appointed 2008-01-30 · resigned 2009-01-30
Resigned
ARCHIBALD, Gordon Robert→
director · ~66y · appointed 2008-03-05 · resigned 2009-02-02
Resigned
HBJGW LIMITED→
corporate-director · appointed 2008-01-30 · resigned 2008-03-05
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property01/07/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property30/04/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-17
change-person-director-company-with-change-date
officers · CH01
2026-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-29