ABBACOVE LIMITED

🌳Matureactive
02689367 · ltd · incorporated 1992-02-20
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
—
year to Mar 2025
Net worth
£256.7k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £256,653
Net assets shrinking
Down £73,991 YoY
Cash YoY
+2%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£494k
↑ 2.1% YoY
Net Worth
£257k
↓ 22% YoY
Current Assets
£506k
↓ 5.4% YoY
Current Liabilities
—
£0£107k£214k£321k£428k£535kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£703.7k£714.3k
Current assets£506.1k£534.8k
Cash£494.1k£483.8k
Debtors£9.0k£48.0k
Net assets£256.7k£330.6k

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-21
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  7. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2018-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-04-28
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2016-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-01
    ➕
    LEWIS, Owen David Levi appointed
    director
  17. 2015-02-01
    ➖
    LEWIS, David James resigned
    secretary
  18. 2009-11-19
    ➖
    MCMAHON, Patricia Anne resigned
    director
  19. 2009-11-19
    ➖
    MCMAHON, Terrence Anthony resigned
    director
  20. 2005-09-05
    ➕
    LEWIS, Julie Louise appointed
    director
  21. 2005-09-05
    ➕
    MCMAHON, Patricia Anne appointed
    director
  22. 1997-10-10
    ➖
    HARSANT, Leslie William resigned
    director
  23. 1992-02-29
    ➕
    LEWIS, David James appointed
    director
  24. 1992-02-29
    ➕
    LEWIS, David James appointed
    secretary
  25. 1992-02-29
    ➖
    THOMAS, Howard resigned
    nominee-secretary
  26. 1992-02-29
    ➕
    HARSANT, Leslie William appointed
    director
  27. 1992-02-29
    ➕
    MCMAHON, Terrence Anthony appointed
    director
  28. 1992-02-29
    ➖
    TESTER, William Andrew Joseph resigned
    nominee-director
  29. 1992-02-20
    🏢
    Company incorporated
    As ABBACOVE LIMITED
  30. 1992-02-20
    ➕
    THOMAS, Howard appointed
    nominee-secretary
  31. 1992-02-20
    ➕
    TESTER, William Andrew Joseph appointed
    nominee-director

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
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
David James Lewis
Individual · British · DOB 12/1957 · age 69
25–50%
—25-50% shares20/02/2017
Julie Louise Lewis
Individual · British · DOB 07/1959 · age 67
25–50%
—25-50% shares20/02/2017

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
Incorporated1992-02-20
Jurisdictionengland-wales
Primary SIC43210 — Electrical installation

Registered office

Room 3, Foremost House
Radford Way
Billericay
Essex
CM12 0BT
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (3 active · 6 resigned)

LEWIS, David James→
director · ~69y · appointed 1992-02-29
View their other companies + combined net worth →
Active
LEWIS, Julie Louise→
director · ~67y · appointed 2005-09-05
View their other companies + combined net worth →
Active
LEWIS, Owen David Levi→
director · ~36y · appointed 2016-04-01
View their other companies + combined net worth →
Active
LEWIS, David James→
secretary · appointed 1992-02-29 · resigned 2015-02-01
Resigned
THOMAS, Howard→
nominee-secretary · appointed 1992-02-20 · resigned 1992-02-29
Resigned
HARSANT, Leslie William→
director · ~66y · appointed 1992-02-29 · resigned 1997-10-10
Resigned
MCMAHON, Patricia Anne→
director · ~81y · appointed 2005-09-05 · resigned 2009-11-19
Resigned
MCMAHON, Terrence Anthony→
director · ~84y · appointed 1992-02-29 · resigned 2009-11-19
Resigned
TESTER, William Andrew Joseph→
nominee-director · ~64y · appointed 1992-02-20 · resigned 1992-02-29
Resigned

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

Recent filings (107 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-17
change-person-director-company-with-change-date
officers · CH01
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-26