ABGO EQUIPMENT SALES LIMITED

🌳Matureactive
01222308 · ltd · incorporated 1975-08-08
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 46.8y

35/100
too messy

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

  • · Oldest live charge is 46.8 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 9 with DOB)
85
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (43 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-08-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-08-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-06-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-09-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2020-10-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-07-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-10-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-01-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2018-01-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2018-01-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2018-01-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2018-01-04
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2018-01-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2018-01-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-01-01
    ➕
    YU, Leo appointed
    secretary
  17. 2018-01-01
    ➕
    YU, Leo appointed
    director
  18. 2018-01-01
    ➖
    WESTBROOK, Steven resigned
    secretary
  19. 2018-01-01
    ➖
    PALMER, Nigel John resigned
    director
  20. 2017-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2016-04-20
    🔓
    Charge satisfied #5
  22. 2016-04-20
    🔓
    Charge satisfied #4
  23. 2016-04-20
    🔓
    Charge satisfied #3
  24. 2016-04-20
    🔓
    Charge satisfied #1
  25. 2011-01-18
    ➖
    EVANS, Raymond resigned
    director
  26. 2005-12-30
    ➖
    MILLS, Michael Payton resigned
    director
  27. 2005-12-30
    ➕
    PALMER, Nigel John appointed
    director
  28. 2001-06-29
    ➕
    WESTBROOK, Steven appointed
    director
  29. 2001-06-29
    ➖
    BRATT, Brenda resigned
    secretary
  30. 2001-06-29
    ➕
    WESTBROOK, Steven appointed
    secretary
  31. 2001-06-29
    ➖
    BRATT, Brenda resigned
    director
  32. 2001-06-29
    ➖
    BRATT, Ernest Albert resigned
    director
  33. 2001-06-29
    ➖
    BRATT, Stuart resigned
    director
  34. 2001-06-29
    ➕
    EVANS, Raymond appointed
    director
  35. 2001-06-29
    ➕
    MILLS, Michael Payton appointed
    director
  36. 2001-06-29
    ➖
    PEARCE, Peter Barker resigned
    director
  37. 1998-09-15
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  38. 1998-09-15
    🔒
    Charge registered #4
    Lender: Ernest Albert Bratt
  39. 1993-10-05
    🔓
    Charge satisfied #2
  40. 1993-09-13
    🔒
    Charge registered #3
    Lender: Ernest Albert Bratt ,Brenda Bratt.
  41. 1982-06-28
    🔒
    Charge registered #2
    Lender: Brenda Bratt
  42. 1979-07-31
    🔒
    Charge registered #1
    Lender: Barclays Bank LTD
  43. 1975-08-08
    🏢
    Company incorporated
    As ABGO EQUIPMENT SALES LIMITED

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 51 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Uk Electric Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Uk Electric Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ABGO EQUIPMENT SALES LIMITED
This company · 01222308

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

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Uk Electric Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016
Mr Leo Yu
Individual · British · DOB 06/1984 · age 42
——sig. influencesignificant influence01/01/2018
Mr Steven Westbrook
Individual · British · DOB 02/1956 · age 70
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr Nigel John Palmerceased 01/01/2018· 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

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
Incorporated1975-08-08
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Votec House
Hambridge Lane
Newbury
Berkshire
RG14 5TN

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12

Officers (3 active · 9 resigned)

YU, Leo→
secretary · appointed 2018-01-01
View their other companies + combined net worth →
Active
WESTBROOK, Steven→
director · ~70y · appointed 2001-06-29
View their other companies + combined net worth →
Active
YU, Leo→
director · ~42y · appointed 2018-01-01
View their other companies + combined net worth →
Active
BRATT, Brenda→
secretary · resigned 2001-06-29
Resigned
WESTBROOK, Steven→
secretary · appointed 2001-06-29 · resigned 2018-01-01
Resigned
BRATT, Brenda→
director · ~90y · resigned 2001-06-29
Resigned
BRATT, Ernest Albert→
director · ~93y · resigned 2001-06-29
Resigned
BRATT, Stuart→
director · ~61y · resigned 2001-06-29
Resigned
EVANS, Raymond→
director · ~77y · appointed 2001-06-29 · resigned 2011-01-18
Resigned
MILLS, Michael Payton→
director · ~90y · appointed 2001-06-29 · resigned 2005-12-30
Resigned
PALMER, Nigel John→
director · ~70y · appointed 2005-12-30 · resigned 2018-01-01
Resigned
PEARCE, Peter Barker→
director · ~90y · resigned 2001-06-29
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Debenture1 property15/09/199820/04/2016
satisfied
Ernest Albert Bratt / Brenda Bratt
Legal charge1 property15/09/199820/04/2016
satisfied
Ernest Albert Bratt ,Brenda Bratt.
Legal charge.1 property13/09/199320/04/2016
satisfied
Brenda Bratt / Ernest Albert Bratt
Legal charge1 property28/06/198205/10/1993
satisfied
Barclays
Barclays Bank LTD
Legal charge1 property31/07/197920/04/2016

Recent filings (115 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-dormant
accounts · AA
2025-06-27
accounts-with-accounts-type-dormant
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-dormant
accounts · AA
2023-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-dormant
accounts · AA
2022-06-16
accounts-with-accounts-type-dormant
accounts · AA
2021-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-dormant
accounts · AA
2020-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-29
accounts-with-accounts-type-dormant
accounts · AA
2019-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-12
accounts-with-accounts-type-dormant
accounts · AA
2018-10-06