ADABROCK INVESTMENTS LIMITED

💤Zombieactive
SC169589 · ltd · incorporated 1996-10-31
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
—
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Turnover
—
year to Apr 2025
Net worth
£1.55M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Security dealing on own account
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 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

3 live charges · 2 lenders · oldest 29.4y

30/100
under pressure

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

  • · Oldest live charge is 29.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
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
92 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,548,816
Net assets shrinking
Down £300 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.5m
~ YoY
Current Assets
£940k
~ YoY
Current Liabilities
—
£0£310k£620k£929k£1.2m£1.5mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£1.55M£1.55M
Current assets£940.3k£940.3k
Net assets£1.55M£1.55M

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-10-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-01-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-06-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-06-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2019-06-07
    📄
    memorandum-articles
    incorporation · MA
  11. 2019-06-07
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2019-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-07-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2017-03-31
    ➖
    HARAN, Sarah resigned
    secretary
  16. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2000-07-14
    ➕
    HARAN, Sarah appointed
    secretary
  18. 2000-07-14
    ➖
    MCSWEEN, Angus resigned
    secretary
  19. 2000-07-03
    ➖
    STEWART, Alan resigned
    director
  20. 1997-04-25
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  21. 1996-11-20
    🔒
    Charge registered #2
    Lender: Essel Securities Limited
  22. 1996-11-20
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  23. 1996-11-12
    ➕
    MCSWEEN, Angus appointed
    director
  24. 1996-11-12
    ➕
    MCSWEEN, Angus appointed
    secretary
  25. 1996-11-12
    ➖
    MD SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  26. 1996-11-12
    ➕
    STEWART, Alan appointed
    director
  27. 1996-11-12
    ➖
    MD DIRECTORS LIMITED resigned
    corporate-nominee-director
  28. 1996-10-31
    🏢
    Company incorporated
    As ADABROCK INVESTMENTS LIMITED
  29. 1996-10-31
    ➕
    MD SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  30. 1996-10-31
    ➕
    MD DIRECTORS LIMITED appointed
    corporate-nominee-director

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.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 Angus Macsween
Individual · British · DOB 07/1956 · age 70
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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated1996-10-31
Jurisdictionscotland
Primary SIC64991 — Security dealing on own account

Registered office

Digital Media & Business Centre Suite 7
100 Brand Street
Glasgow
G51 1DG
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31

Officers (1 active · 5 resigned)

MCSWEEN, Angus→
director · ~70y · appointed 1996-11-12
View their other companies + combined net worth →
Active
HARAN, Sarah→
secretary · appointed 2000-07-14 · resigned 2017-03-31
Resigned
MCSWEEN, Angus→
secretary · appointed 1996-11-12 · resigned 2000-07-14
Resigned
MD SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1996-10-31 · resigned 1996-11-12
Resigned
STEWART, Alan→
director · ~74y · appointed 1996-11-12 · resigned 2000-07-03
Resigned
MD DIRECTORS LIMITED→
corporate-nominee-director · appointed 1996-10-31 · resigned 1996-11-12
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property25/04/1997—
outstanding
Essel Securities
Essel Securities Limited
Standard security1 property20/11/1996—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property20/11/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-31