ADINCO GROUP LTD
🌿Early-stageactive
SC741551 · ltd · incorporated 2022-08-17
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-12.5k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 2.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 2.7 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (78/100)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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
18 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
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £12,484
Cash YoY
+245%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£853
↑ 245% YoY
Net Worth
-£12k
↓ 766% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £78.1k | £36.9k |
| Cash | £853 | £247 |
| Net assets | £-12.5k | £-1.4k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-21🔓Charge satisfied #2
- 2024-10-21🔓Charge satisfied #1
- 2024-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-21🔒Charge registered #3Lender: Aldermore Bank PLC
- 2024-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-18➕THOMSON, Claire appointeddirector
- 2024-03-18➖COOPER, Courtney resigneddirector
- 2024-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-03-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-03-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-21➖THOMSON, Kevin resigneddirector
- 2023-08-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-10🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2023-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-26🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2022-08-17🏢Company incorporatedAs ADINCO GROUP LTD
- 2022-08-17➕THOMSON, Adam appointeddirector
- 2022-08-17➕COOPER, Courtney appointeddirector
- 2022-08-17➕THOMSON, Kevin appointeddirector
- 2022-08-17📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adam Thomson Individual · Scottish · DOB 02/1993 · age 33 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 17/08/2022 |
Mrs Claire Thomson Individual · British · DOB 10/1991 · age 35 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control · trust interest · firm interest | 18/03/2024 |
2 historic (ceased) PSCs
- Mr Courtney Cooperceased 18/03/2024· 25-50% shares · 25-50% voting · board control
- Mr Kevin Thomsonceased 21/11/2023· 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.
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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
Incorporated2022-08-17
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
20 Covesea Crescent
Fraserburgh
Aberdeenshire
AB43 7FT
United Kingdom
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21
Officers (2 active · 2 resigned)
THOMSON, Adam→
Activedirector · ~33y · appointed 2022-08-17
View their other companies + combined net worth →
THOMSON, Claire→
Activedirector · ~35y · appointed 2024-03-18
View their other companies + combined net worth →
COOPER, Courtney→
Resigneddirector · ~32y · appointed 2022-08-17 · resigned 2024-03-18
THOMSON, Kevin→
Resigneddirector · ~36y · appointed 2022-08-17 · resigned 2023-11-21
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 21/06/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 10/08/2023 | 21/10/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 26/07/2023 | 21/10/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (18 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-18
termination-director-company-with-name-termination-date
officers · TM01
2024-03-18
appoint-person-director-company-with-name-date
officers · AP01
2024-03-18
termination-director-company-with-name-termination-date
officers · TM01
2023-11-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-28