ADM 2010 LTD

💤Zombieactive

SC388883 · ltd · incorporated 2010-11-15

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 Nov 2023

Net worth

£193.2k

book net assets

Opportunity

64/100

Worth a look

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

What this business does

Primary activity: Site preparation

Sector: Construction

Investor take

Special-situation opportunity

Distressed construction with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (77/100)

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

Confirmed no charges registered

Directors & officers

5 officers (1 active, 5 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

47 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £193,194

Key financials

2 years extracted from filed iXBRL accounts

Cash

£87k

Net Worth

£193k

Current Assets

£475k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2023-11-30	2022-11-30
Total assets	£636.4k	—
Current assets	£475.3k	—
Cash	£87.0k	—
Debtors	£386.8k	—
Net assets	£193.2k	—

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

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

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-01-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-07
➕
HOSIE, Andrew Calum appointed
director
2025-09-07
➖
MILBURN, Albert Donald resigned
director
2024-11-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-08-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-03-19
📄
accounts-amended-with-made-up-date
accounts · AAMD
2018-08-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-28
📄
accounts-amended-with-accounts-type-total-exemption-small
accounts · AAMD
2017-08-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-02-01
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2014-11-30
➖
MILBURN, Marissa Napier resigned
director
2014-10-09
➕
MILBURN, Albert Donald appointed
director
2013-09-05
➖
MILBURN, Albert resigned
secretary
2013-09-05
➖
MILBURN, Albert Donald resigned
director
2010-11-15
🏢
Company incorporated
As ADM 2010 LTD
2010-11-15
➕
MILBURN, Albert appointed
secretary
2010-11-15
➕
MILBURN, Albert Donald appointed
director
2010-11-15
➕
MILBURN, Marissa Napier 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

1 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-11-30

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Andrew Calum Hosie Individual · British · DOB 01/1993 · age 33	—	—	sig. influencesignificant influence	07/09/2025

1 historic (ceased) PSC

Mr Albert Donald Milburnceased 07/09/2025· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Construction · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ADR FENCING SCOTLAND LTD→ SC818113 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AHMAD GAS SERVICING LTD→ SC881895 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AIBSCOTLAND LTD→ SC873730 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AKD CONSTRUCTION LIMITED→ SC877760 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AL BUILDING CONTRACTORS LTD→ SC794975 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ALAN BELL CONSTRUCTION & DEVELOPMENT LTD→ SC500103 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
ALAN ORR PLUMBING LTD→ SC493433 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ALBA GAS LIMITED→ SC225004 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
ALEX FERGUSON BUILDING LIMITED→ SC428989 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ALEX MATHESON ELECTRICAL LTD→ SC748881 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ALEX ROBERTSON CONSTRUCTION SERVICES LTD→ SC504445 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ALEX TULLOCH JOINERS LTD.→ SC253794 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

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

Incorporated2010-11-15

Jurisdictionscotland

Primary SIC43120 — Site preparation

Registered office

139 Blairbeth Road

Rutherglen

Glasgow

G73 5BU

Scotland

Filing status

Accounts

Next due: 2025-11-30OVERDUE

Last made up to: 2023-11-30

Confirmation statement

Next due: 2026-11-29

Last: 2025-11-15

Officers (1 active · 4 resigned)

HOSIE, Andrew Calum→

director · ~33y · appointed 2025-09-07

View their other companies + combined net worth →

Active

MILBURN, Albert→

secretary · appointed 2010-11-15 · resigned 2013-09-05

Resigned

MILBURN, Albert Donald→

director · ~66y · appointed 2014-10-09 · resigned 2025-09-07

Resigned

MILBURN, Albert Donald→

director · ~66y · appointed 2010-11-15 · resigned 2013-09-05

Resigned

MILBURN, Marissa Napier→

director · ~66y · appointed 2010-11-15 · resigned 2014-11-30

Resigned

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

Recent filings (47 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-15

termination-director-company-with-name-termination-date

officers · TM01

2026-01-15

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2026-01-15

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-01-15

appoint-person-director-company-with-name-date

officers · AP01

2025-10-16

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-10-16

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-11-28