ADAPT PROPERTY LIMITED

💤Zombieactive
SC515119 · ltd · incorporated 2015-09-08
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
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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 (73/100).

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Average employees1100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-08-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-04-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-09-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2019-09-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2019-08-14
    MCGURK, Paul resigned
    director
  10. 2019-08-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-09-09
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2015-09-08
    🏢
    Company incorporated
    As ADAPT PROPERTY LIMITED
  16. 2015-09-08
    MCGURK, Kevin John appointed
    director
  17. 2015-09-08
    MCGURK, Paul appointed
    director
  18. 2015-09-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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.
  • 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 Kevin John Mcgurk
Individual · British · DOB 02/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Paul Mcgurkceased 14/08/2019· 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.

🔒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
Incorporated2015-09-08
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

182 High Street
Montrose
Angus
DD10 8PH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-21
Last: 2025-09-07

Officers (1 active · 1 resigned)

MCGURK, Kevin John
director · ~62y · appointed 2015-09-08
View their other companies + combined net worth →
Active
MCGURK, Paul
director · ~58y · appointed 2015-09-08 · resigned 2019-08-14
Resigned

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

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-18
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-09-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-09-06