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.

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

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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 18.1y

45/100

under pressure

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

· Oldest live charge is 18.1 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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

4 officers (1 active, 4 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-01-31	2024-01-31

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 persons-with-significant-control
• 1 officers

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

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
2025-10-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-02
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-08
📄
gazette-notice-compulsory
gazette · GAZ1
2018-01-27
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2018-01-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-09
📄
gazette-notice-compulsory
gazette · GAZ1
2009-02-02
➖
ARCHIBALD, Gordon Robert resigned
director
2009-01-30
➖
HBJGW SECRETARIAL LIMITED resigned
corporate-secretary
2008-07-01
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2008-04-30
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2008-04-18
➕
DIGNAN, Steven Clark appointed
director
2008-03-05
➕
ARCHIBALD, Gordon Robert appointed
director
2008-03-05
➖
HBJGW LIMITED resigned
corporate-director
2008-01-30
🏢
Company incorporated
As AD HOLDING COMPANY LIMITED
2008-01-30
➕
HBJGW SECRETARIAL LIMITED appointed
corporate-secretary
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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Steven Clark Dignan Individual · British · DOB 01/1964 · age 62	75–100%	—	75-100% shares	06/04/2016

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

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE TUITEAM COMPANY LIMITED→ SC189123 · est 1998	£1.27M £1.08M–£1.46M	—	£1.27M	—	27y	83	85y
GLENDINNING ASSETS LIMITED→ SC185169 · est 1998	£898.3k £763.5k–£1.03M	—	£898.3k	—	28y	82	69y
MDW SCOTLAND LTD→ SC206317 · est 2000	£395.2k £335.9k–£454.5k	—	£395.2k	—	26y	82	76y
PWP HOLDINGS LIMITED→ SC177994 · est 1997	£179.2k £152.3k–£206.1k	—	£179.2k	—	28y	82	67y
D.C. AGRICULTURAL HOLDINGS LIMITED→ SC215245 · est 2001	£13.2k £11.2k–£15.2k	—	£13.2k	—	25y	82	71y
HISTORIC LOTHIAN PROTECTION & DEVELOPMENT LIMITED→ SC231712 · est 2002	£9.4k £8.0k–£10.8k	—	£9.4k	—	24y	82	73y
CRAIGLEITH ELECTRONICS LIMITED→ SC162758 · est 1996	£6.1k £5.2k–£7.0k	—	£6.1k	—	30y	82	71y
HOT SPRING PORTABLE SPAS (SCOTLAND) LIMITED→ SC148582 · est 1994	£3.0k £2.6k–£3.5k	—	£3.0k	—	32y	82	65y
CP WAREHOUSING LIMITED→ SC247121 · est 2003	£2.4k £2.0k–£2.7k	—	£2.4k	—	23y	83	79y
MURRAY CAPITAL GROUP LIMITED→ SC375630 · est 2010	£1.0k £850–£1.1k	—	£1.0k	—	16y	82	75y
BALFOUR & MANSON PROPERTY LTD.→ SC041493 · est 1964	£401 £341–£461	—	£401	—	61y	82	66y
BLACKCRAIG WINDFARM HOLDINGS LIMITED→ SC502633 · est 2015	—	—	—	0	11y	89	44y

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

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank PLC	Standard security	1 property	01/07/2008	—
	outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	30/04/2008	—

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