ADR ENGAGEMENT SERVICES LTD

💤Zombieactive
SC554065 · ltd · incorporated 2017-01-09
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 9.1y

45/100
under pressure

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

  • · Oldest live charge is 9.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
£59k
↑ 15% YoY
Current Liabilities
—
-£51k-£29k-£7k£15k£37k£59kJan 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
Total assets£81.6k£82.1k
Current assets£59.2k£51.3k
Cash—£6.2k
Debtors—£45.1k
Net assets—£-51.3k

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-10-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-03-21
    🔓
    Charge satisfied #1
  5. 2023-10-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-08
    ➖
    FORSTER, Harriet resigned
    director
  9. 2020-12-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-12-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2020-01-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2019-11-14
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  15. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-04-16
    📄
    legacy
    miscellaneous · RP04CS01
  17. 2019-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-04-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2019-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-04-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2018-04-14
    ➕
    FORSTER, Harriet appointed
    director
  22. 2017-05-19
    🔒
    Charge registered #1
    Lender: West of Scotland Loan Fund
  23. 2017-01-09
    🏢
    Company incorporated
    As ADR ENGAGEMENT SERVICES LTD
  24. 2017-01-09
    ➕
    SHEPHERD, Stuart appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
NameSharesVoting rightsNature of controlNotified
Mr Stuart Shepherd
Individual · Scottish · DOB 03/1978 · age 48
25–50%
25–50%board control25-50% shares · 25-50% voting · board control09/01/2017
2 historic (ceased) PSCs
  • Mrs Harriet Forsterceased 08/12/2020· 25-50% shares · 25-50% voting
  • Mrs Harriet Forsterceased 14/04/2018· 25-50% shares · 25-50% voting

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

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
AYRSHIRE ALUMINIUM CO. LIMITED→
SC075647 · est 1981
£2.38M
£1.75M–£3.00M
——044y8261y
ARPL ARCHITECTS LTD.→
SC116832 · est 1989
———70037y8367y
AUSTIN LAFFERTY LIMITED→
SC277684 · est 2004
——£745.0k—21y8362y
CYCLERATE LIMITED→
SC334375 · est 2007
————18y8358y
WASTEWATER MANAGEMENT HOLDINGS LIMITED→
SC201429 · est 1999 · no financials extracted
————26y8359y
WEST COAST CAPITAL (RETAIL PARKS) LIMITED→
SC219194 · est 2001
———025y8377y
WEST COAST CAPITAL HOLDINGS LIMITED→
SC190805 · est 1998
———227y8377y
WEST COAST CAPITAL PRESTVEN INVESTMENTS LIMITED→
SC298919 · est 2006
——£2—20y8377y
WICKED COSTUMES GROUP LIMITED→
SC402313 · est 2011
——£474.0k—15y8362y
ADAM WILSON & SONS (HOLDINGS) LIMITED→
SC230058 · est 2002 · no financials extracted
————24y8286y
ADELPHI PLANT HIRE (SCOTLAND) LTD→
SC239828 · est 2002
———223y8265y
ALBA PLANNING CONSULTANTS LIMITED→
SC157540 · est 1995
——£230.3k—31y8266y
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
Incorporated2017-01-09
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

9 Hogarth Avenue
Saltcoats
KA21 6BY
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08

Officers (1 active · 1 resigned)

SHEPHERD, Stuart→
director · ~48y · appointed 2017-01-09
View their other companies + combined net worth →
Active
FORSTER, Harriet→
director · ~42y · appointed 2018-04-14 · resigned 2020-12-08
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
West of Scotland Loan Fund
A registered charge—19/05/201721/03/2024

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-12-08
termination-director-company-with-name-termination-date
officers · TM01
2020-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-21