ADLANTIC LTD.

💤Zombieactive
SC526544 · ltd · incorporated 2016-02-10
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 Feb 2025
Net worth
£-24.6k
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 63110Data processing, hosting and related activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
3 officers (1 active, 3 linked, 3 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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £24,557

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£25k
↓ 95% YoY
Current Assets
£14k
↓ 43% YoY
Current Liabilities
-£25k-£15k-£5k£5k£14k£24kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£13.7k£24.1k
Current assets£13.7k£24.1k
Net assets£-24.6k£-12.6k

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 (22 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-11-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-05-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-01-15
    MCHUGH, Alison resigned
    director
  6. 2023-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-10-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-10-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2017-10-10
    SIMON, Patricia resigned
    director
  15. 2017-03-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2016-09-01
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2016-08-31
    MCHUGH, John Christopher appointed
    director
  18. 2016-08-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2016-02-10
    🏢
    Company incorporated
    As ADLANTIC LTD.
  20. 2016-02-10
    MCHUGH, Alison appointed
    director
  21. 2016-02-10
    SIMON, Patricia appointed
    director
  22. 2016-02-10
    📄
    incorporation-company
    incorporation · NEWINC

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 ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-23

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Christopher Mchugh
Individual · British · DOB 05/1975 · age 51
2550%
25-50% shares01/02/2017

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

8 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
Incorporated2016-02-10
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

Flat 1/1 11 Queens Park Avenue
Glasgow
G42 8BX
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-02-23OVERDUE
Last: 2025-02-09

Officers (1 active · 2 resigned)

MCHUGH, John Christopher
director · ~51y · appointed 2016-08-31
View their other companies + combined net worth →
Active
MCHUGH, Alison
director · ~53y · appointed 2016-02-10 · resigned 2024-01-15
Resigned
SIMON, Patricia
director · ~53y · appointed 2016-02-10 · resigned 2017-10-10
Resigned

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

Recent filings (25 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-18
termination-director-company-with-name-termination-date
officers · TM01
2024-11-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-29