ADZ ENTERPRISES LTD

🌱Startupactive
SC812388 · ltd · incorporated 2024-06-03
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 Jun 2025
Net worth
£-884
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 55/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 1.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 1.5 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £884

Key financials

1 year extracted from filed iXBRL accounts
Cash
£100
Net Worth
-£884
Current Assets
£100
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-30
Total assets£351.2k
Current assets£100
Cash£100
Net assets£-884

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-08-22
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  4. 2025-03-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-03-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-03-11
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  7. 2025-03-05
    🔒
    Charge registered #4
    Lender: The Mortgage Works (UK) PLC
  8. 2025-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2025-02-11
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  11. 2025-02-11
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  12. 2024-10-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2024-10-24
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK)
  14. 2024-09-21
    ODEKE, Moses Musorini resigned
    director
  15. 2024-09-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2024-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-09-07
    ODEKE, Moses Musorini appointed
    director
  18. 2024-06-03
    🏢
    Company incorporated
    As ADZ ENTERPRISES LTD
  19. 2024-06-03
    PERVAIZ, Atif appointed
    director
  20. 2024-06-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

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 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Atif Pervaiz
Individual · British · DOB 01/1972 · age 54
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/06/2024

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

10 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
Incorporated2024-06-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

54 Thornly Park Avenue
Paisley
PA2 7SF
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-16
Last: 2025-06-02

Officers (1 active · 1 resigned)

PERVAIZ, Atif
director · ~54y · appointed 2024-06-03
View their other companies + combined net worth →
Active
ODEKE, Moses Musorini
director · ~57y · appointed 2024-09-07 · resigned 2024-09-21
Resigned

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

Mortgages & charges

6
Total charges
6
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property22/08/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property11/03/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property05/03/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property11/02/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property11/02/2025
outstanding
The Mortgage Works (UK)
A registered charge1 property24/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-29
termination-director-company-with-name-termination-date
officers · TM01
2024-09-21
appoint-person-director-company-with-name-date
officers · AP01
2024-09-17
incorporation-company
incorporation · NEWINC
2024-06-03