ABACO SYSTEMS LIMITED
🌳Matureactive
02151516 · ltd · incorporated 1987-07-30
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 26200
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 58). 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
9 live charges · 5 lenders · oldest 38.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 38.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
38 officers (3 active, 38 linked, 32 with DOB)
87
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
329 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (103 events)Click to expand
- 2025-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-12➖WILSON, Bruce Peter resigneddirector
- 2024-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-07➕ZETTI, Pietro Luigi Enrico appointeddirector
- 2023-10-12📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-06-30📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2023-06-30📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2023-06-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-12-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-01➕WILEMAN, Ben appointeddirector
- 2022-11-08📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-08📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-04-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-04-29📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-04-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-29🔓Charge satisfied #9
- 2021-04-29🔓Charge satisfied #8
- 2021-04-29🔓Charge satisfied #7
- 2021-04-28➕CARINO, Lynn appointedsecretary
- 2021-04-28➖TOMLINSON, John Vernon resignedsecretary
- 2021-04-28➖BALDOCK, Alexander Lewis resigneddirector
- 2021-04-28➖SCHULT, William Michael resigneddirector
- 2021-04-28➕WILSON, Bruce Peter appointeddirector
- 2021-04-06🔓Charge satisfied #6
- 2019-10-02➕SCHULT, William Michael appointeddirector
- 2019-09-30➕BALDOCK, Alexander Lewis appointeddirector
- 2019-09-23➖READ, William resigneddirector
- 2019-09-16➖MACCAIG, Andrew Neil resigneddirector
- 2018-07-25➕READ, William appointeddirector
- 2018-07-24➖SORELLE, Richard Dennis resigneddirector
- 2018-01-11➕SORELLE, Richard Dennis appointeddirector
- 2017-10-27➖TOMLINSON, John Vernon resigneddirector
- 2017-06-29🔒Charge registered #9Lender: Bank of America, N.A.
- 2017-03-23🔒Charge registered #8Lender: Bank of America, N.A.
- 2017-02-07➕TOMLINSON, John Vernon appointedsecretary
- 2017-02-07➖A G SECRETARIAL LIMITED resignedcorporate-secretary
- 2016-11-14🔒Charge registered #7Lender: Bank of America, N.A.
- 2016-09-13➖DAVIES, Alan Peter resigneddirector
- 2016-03-18🔒Charge registered #6Lender: Barclays Bank PLC
- 2015-11-17🔓Charge satisfied #5
- 2015-11-17🔓Charge satisfied #4
- 2015-11-17🔓Charge satisfied #3
- 2015-11-17🔓Charge satisfied #1
Showing most recent 50 of 103 events
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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- 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.
Group structure
Tubes Holdco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Tubes Holdco Limited
Corporate parent · holds 75-100% shares · board control
⬇
ABACO SYSTEMS LIMITED
This company · 02151516
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 |
|---|---|---|---|---|
Tubes Holdco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/08/2022 |
1 historic (ceased) PSC
- Abaco Uk Holdco Limitedceased 02/08/2022· 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 →Similar companies
Active · Manufacturing · LE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALL STEEL DESIGNS UK LIMITED→ 16005674 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALPHA INJECTION MOULDING LIMITED→ 14443922 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALTUS CONTROLS LIMITED→ 13035758 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AM SYSTEM LIMITED→ 04627727 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AMPERSAND LDN LIMITED→ 11490047 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANDERSONS COMMERCIALS LTD→ 04401554 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| ANDY TAYLOR WELDING LIMITED→ 06185561 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ANGELOS THANASIS LTD→ 14857195 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ANGELTREE LTD→ 12122292 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANGLIA PLASTICS LIMITED→ 07018210 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ANGLO ADHESIVES & SERVICES LIMITED→ 03842448 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ANGLOSAX LIFTS LTD→ 06975626 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1987-07-30
Jurisdictionengland-wales
Primary SIC26200 — SIC 26200
Registered office
2 New Star Road
Leicester
Leicestershire
LE4 9JD
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-07-04
Last: 2026-06-20
Officers (3 active · 35 resigned)
Active
WILEMAN, Ben→
Activedirector · ~45y · appointed 2022-12-01
View their other companies + combined net worth →
ZETTI, Pietro Luigi Enrico→
Activedirector · ~58y · appointed 2024-05-07
View their other companies + combined net worth →
NOVAKOVIC, Novica→
Resignedsecretary · appointed 2005-07-01 · resigned 2007-11-15
SHEARS, Brian Robert→
Resignedsecretary · appointed 2001-01-01 · resigned 2005-06-30
TOMLINSON, John Vernon→
Resignedsecretary · appointed 2017-02-07 · resigned 2021-04-28
TUSTAIN, Rodney James→
Resignedsecretary · resigned 2000-12-31
A G SECRETARIAL LIMITED→
Resignedcorporate-secretary · appointed 2007-11-15 · resigned 2017-02-07
BAGGOTT, Malcolm Alexander William→
Resigneddirector · ~82y · appointed 2005-12-01 · resigned 2006-12-05
BALDOCK, Alexander Lewis→
Resigneddirector · ~56y · appointed 2019-09-30 · resigned 2021-04-28
BARKER, Bryan Sydney→
Resigneddirector · ~88y · resigned 1993-10-27
BEER, Michael John→
Resigneddirector · ~92y · resigned 1997-03-31
BOYD, Kevin James→
Resigneddirector · ~62y · appointed 2003-09-10 · resigned 2006-08-04
CAVILL, Peter John→
Resigneddirector · ~80y · appointed 1993-10-27 · resigned 2012-12-31
CLARK, Ronald→
Resigneddirector · ~89y · resigned 1992-10-19
COMERY, James Antony→
Resigneddirector · ~57y · appointed 2010-02-25 · resigned 2014-01-01
DAVIES, Alan Peter→
Resigneddirector · ~71y · appointed 2015-10-20 · resigned 2016-09-13
DAY, Stephen John→
Resigneddirector · ~81y · appointed 1998-05-20 · resigned 2006-12-05
DIMENT, Anthony Richard→
Resigneddirector · ~81y · resigned 1998-09-09
FARMER, James Ashley→
Resigneddirector · ~58y · appointed 2013-12-19 · resigned 2014-05-12
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
0
Outstanding
0
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bank of America, N.A. | A registered charge | — | 29/06/2017 | 29/04/2021 | |
| satisfied | Bank of America, N.A. | A registered charge | 1 property | 23/03/2017 | 29/04/2021 | |
| satisfied | Bank of America, N.A. | A registered charge | — | 14/11/2016 | 29/04/2021 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 18/03/2016 | 06/04/2021 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 26/09/2003 | 17/11/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 04/09/2003 | 17/11/2015 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 29/05/1991 | 17/11/2015 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 01/02/1989 | 10/06/2005 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 27/05/1988 | 17/11/2015 |
Recent filings (329 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-23
accounts-with-accounts-type-full
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-20
termination-director-company-with-name-termination-date
officers · TM01
2025-03-17
accounts-with-accounts-type-full
accounts · AA
2024-09-26
change-person-director-company-with-change-date
officers · CH01
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-26
appoint-person-director-company-with-name-date
officers · AP01
2024-05-15
accounts-with-accounts-type-full
accounts · AA
2023-10-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-06-30
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-06-30
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2023-06-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-30
appoint-person-director-company-with-name-date
officers · AP01
2022-12-08