A.B. CARPETS LIMITED
- · Oldest live charge 37.8y old — refinance window within 12 months
Opportunity 76/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 37.8y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 37.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
Corporate timeline (28 events)Click to expand
- 2026-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-15📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-06-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-06-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-06-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-06-20📄resolutionresolution · RESOLUTIONS
- 2024-06-19📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-06-19📄legacycapital · SH20
- 2024-06-19⚠️legacyinsolvency · CAP-SS
- 2024-06-19📄resolutionresolution · RESOLUTIONS
- 2024-06-19📄capital-allotment-sharescapital · SH01
- 2024-06-14📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-06-14📄resolutionresolution · RESOLUTIONS
- 2024-06-14📄legacycapital · SH20
- 2024-06-14⚠️legacyinsolvency · CAP-SS
- 2024-04-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2006-01-06➖ASLETT, George Terence resigneddirector
- 1996-06-01➕BUSHAWAY, Joel David appointeddirector
- 1989-06-05🔒Charge registered #4Lender: Midland Bank PLC
- 1989-06-05🔒Charge registered #3Lender: Midland Bank PLC
- 1988-12-05🔒Charge registered #2Lender: Eagle Star Insurance Company Limited
- 1988-09-02🔒Charge registered #1Lender: Midland Bank PLC
- 1977-06-23🏢Company incorporatedAs A.B. CARPETS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 85 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 85 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 30 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 49 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 high ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-06-19: legacy; 2024-06-14: legacy
Group structure
Supaflors Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Supaflors Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 19/06/2024 |
2 historic (ceased) PSCs
- Mr David Bushawayceased 19/06/2024· 50-75% shares · 50-75% voting · board control
- Mr Joel David Bushawayceased 19/06/2024· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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9 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 →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
Registered office
Filing status
Officers (3 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Legal charge | 1 property | 05/06/1989 | — | |
| outstanding | Midland Bank Midland Bank PLC | Charge | 1 property | 05/06/1989 | — | |
| outstanding | Eagle Star Insurance Company Eagle Star Insurance Company Limited | Mortgage | 1 property | 05/12/1988 | — | |
| outstanding | Midland Bank Midland Bank PLC | Legal charge | 1 property | 02/09/1988 | — |