ADRQS LTD

💤Zombieactive
SC615301 · ltd · incorporated 2018-12-03
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 Dec 2024
Net worth
£661
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Quantity surveying activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £661
Cash YoY
+27180%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↑ 27180% YoY
Net Worth
£661
↑ 128% YoY
Current Assets
£59k
↑ 203% YoY
Current Liabilities
-£2k£10k£22k£34k£47k£59kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£661£-2.4k
Current assets£58.8k£19.4k
Cash£1.4k£5
Debtors£16.5k£19.4k
Net assets£661£-2.4k

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 (17 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-03-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-03-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-09-28
    📄
    capital-allotment-shares
    capital · SH01
  10. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-01-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2021-11-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2020-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-12-03
    🏢
    Company incorporated
    As ADRQS LTD
  16. 2018-12-03
    REID, Andrew David appointed
    director
  17. 2018-12-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew David Reid
Individual · British · DOB 06/1988 · age 38
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/12/2018

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
Incorporated2018-12-03
Jurisdictionscotland
Primary SIC74902 — Quantity surveying activities

Registered office

Cloberfield Business Centre 15 Cloberfield
Milngavie
Glasgow
G62 7LN
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11

Officers (1 active · 0 resigned)

REID, Andrew David
director · ~38y · appointed 2018-12-03
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-21
change-person-director-company-with-change-date
officers · CH01
2025-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
capital-allotment-shares
capital · SH01
2023-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-17