ADEPSI LIMITED

🌿Early-stageactive
SC710713 · ltd · incorporated 2021-09-28
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£146.3k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
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
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £146,313
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£827
↓ 96% YoY
Net Worth
£146k
↑ 53% YoY
Current Assets
£95k
↑ 49% YoY
Current Liabilities
£0£29k£59k£88k£117k£146kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£169.8k£95.4k
Current assets£95.1k£63.7k
Cash£827£22.8k
Debtors£94.3k£40.9k
Net assets£146.3k£95.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
1
filing
  • 1 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-09-17
    GOUGH, Peter resigned
    director
  6. 2023-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-10-11
    📄
    memorandum-articles
    incorporation · MA
  8. 2022-10-11
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2022-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2022-06-29
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  13. 2022-06-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-06-28
    📄
    capital-allotment-shares
    capital · SH01
  15. 2022-06-20
    NIZAMI, Ahmad appointed
    director
  16. 2022-06-20
    GOUGH, Peter appointed
    director
  17. 2021-10-05
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  18. 2021-10-05
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2021-09-28
    🏢
    Company incorporated
    As ADEPSI LIMITED
  20. 2021-09-28
    KINDNESS, David Allwell appointed
    director
  21. 2021-09-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Llh Holdings Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Llh Holdings Limited
Corporate parent · holds 50-75% shares
majority
ADEPSI LIMITED
This company · SC710713

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Llh Holdings Limited
Corporate entity
5075%
50–75%50-75% shares · 50-75% voting20/06/2022
1 historic (ceased) PSC
  • Mr David Allwell Kindnessceased 20/06/2022· 75-100% shares · 75-100% 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
Incorporated2021-09-28
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-16
Last: 2025-06-02

Officers (2 active · 1 resigned)

KINDNESS, David Allwell
director · ~54y · appointed 2021-09-28
View their other companies + combined net worth →
Active
NIZAMI, Ahmad
director · ~44y · appointed 2022-06-20
View their other companies + combined net worth →
Active
GOUGH, Peter
director · ~54y · appointed 2022-06-20 · resigned 2023-09-17
Resigned

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

Recent filings (20 total)

change-person-director-company-with-change-date
officers · CH01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
memorandum-articles
incorporation · MA
2022-10-11
resolution
resolution · RESOLUTIONS
2022-10-11
appoint-person-director-company-with-name-date
officers · AP01
2022-09-12
appoint-person-director-company-with-name-date
officers · AP01
2022-09-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-06-29
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-06-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-29