THE ADAM LOUNGE LIMITED

💤Zombieactive
SC593128 · ltd · incorporated 2018-04-03
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 Mar 2025
Net worth
£93.3k
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Special-situation opportunity
Distressed hospitality with salvageable qualities — special-situations priority.

Opportunity 65/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.6y

10/100
under pressure

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

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
26 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
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £93,256

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£93k
↑ 173% YoY
Current Assets
£252k
↑ 24% YoY
Current Liabilities
£0£50k£101k£151k£202k£252kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£93.3k£34.2k
Current assets£252.0k£202.5k
Cash£148.8k
Debtors£252.0k£44.9k
Net assets£93.3k£34.2k

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
2
filings
  • 1 gazette
  • 1 dissolution
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
2
filings
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-14
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-04-08
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-07-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-07-16
    🔓
    Charge satisfied #1
  6. 2025-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-09-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-09-06
    🔒
    Charge registered #1
    Lender: Allica Bank Limited
  9. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-12-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-11-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-11-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-11-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2020-04-30
    ADAMS, Eric Robert resigned
    director
  18. 2019-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-11-05
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  20. 2018-08-08
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  21. 2018-08-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2018-04-03
    🏢
    Company incorporated
    As THE ADAM LOUNGE LIMITED
  23. 2018-04-03
    INFINITY SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2018-04-03
    ADAMS, Philip Cameron appointed
    director
  25. 2018-04-03
    ADAMS, Eric Robert 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 ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-16

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Philip Cameron Adams
Individual · British · DOB 10/1987 · age 39
sig. influencesignificant influence30/04/2020
1 historic (ceased) PSC
  • Mr Eric Robert Adamsceased 30/04/2020· significant influence

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
Incorporated2018-04-03
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

5 Carden Place
Aberdeen
AB10 1UT
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-16OVERDUE
Last: 2025-04-02

Officers (2 active · 1 resigned)

INFINITY SECRETARIES LIMITED
corporate-secretary · appointed 2018-04-03
View their other companies + combined net worth →
Active
ADAMS, Philip Cameron
director · ~39y · appointed 2018-04-03
View their other companies + combined net worth →
Active
ADAMS, Eric Robert
director · ~67y · appointed 2018-04-03 · resigned 2020-04-30
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Allica Bank
Allica Bank Limited
A registered charge06/09/202416/07/2025

Recent filings (26 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-14
dissolution-application-strike-off-company
dissolution · DS01
2026-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
change-person-director-company-with-change-date
officers · CH01
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-14