ABP-TBS PARTNERSHIP LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
6 live charges · 6 lenders · oldest 24.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.8 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 mortgage
- • 1 mortgage
- • 1 confirmation-statement
Corporate timeline (66 events)Click to expand
- 2026-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-30🔒Charge registered #6Lender: National Westminster Bank PLC as Security Trustee for the Secured Parties
- 2025-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2025-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-18🔓Charge satisfied #3
- 2025-07-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-11🔒Charge registered #5Lender: Mml UK Advisor LLP (As Security Trustee)
- 2025-07-11🔒Charge registered #4Lender: National Westminster Bank PLC as Security Trustee
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-05-15📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2025-04-25📄capital-name-of-class-of-sharescapital · SH08
- 2025-04-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2025-04-23📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-09-18📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-07-15📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-25📄accounts-with-accounts-type-smallaccounts · AA
- 2022-12-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-09🔓Charge satisfied #2
- 2022-12-07🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2022-09-09📄accounts-with-accounts-type-smallaccounts · AA
- 2022-05-06➕SCHABEL, Ryan Thomas appointedsecretary
- 2022-05-06➕WALLIS, Daren Johnathan appointeddirector
- 2022-05-06➖WILSON, Greg John resignedsecretary
- 2022-05-06➖WILSON, Greg John resigneddirector
- 2020-04-09➕SCHABEL, Ryan Thomas appointeddirector
- 2020-04-09➖JACKSON, Gary resigneddirector
- 2018-10-25➕JACKSON, Gary appointeddirector
- 2018-10-25➖O'DONNELL, Jane Marie resigneddirector
- 2018-04-03➖LLOYD, Brian resignedsecretary
- 2018-04-03➕WILSON, Greg John appointedsecretary
- 2018-04-03➖LLOYD, Brian resigneddirector
- 2017-10-19➖WELSH, Stephen Christopher resigneddirector
- 2017-04-01➕WILSON, Greg John appointeddirector
- 2014-06-10🔓Charge satisfied #1
- 2014-06-03🔒Charge registered #2Lender: Positive Cashflow Finance Limited
- 2014-02-27➖M J DUSCHENES LTD resignedcorporate-director
- 2013-12-10➕M J DUSCHENES LTD appointedcorporate-director
- 2011-01-04➕O'DONNELL, Jane Marie appointedsecretary
- 2011-01-04➖O'DONNELL, Jane Marie resignedsecretary
- 2011-01-04➕O'DONNELL, Jane Marie appointeddirector
- 2011-01-04➖WELSH, Peter Barry resigneddirector
- 2005-08-19➖JACKSON, David James resigneddirector
- 2001-07-27🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 med ·Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-30: A registered charge; 2025-07-11: A registered charge; 2025-07-11: A registered charge
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Tbs Investments 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 |
|---|---|---|---|---|
Tbs Investments Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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.
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8 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 · 16 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank as Security Trustee for the Secured Parties National Westminster Bank PLC as Security Trustee for the Secured Parties | A registered charge | — | 30/03/2026 | — | |
| outstanding | Mml UK Advisor (As Security Trustee) Mml UK Advisor LLP (As Security Trustee) | A registered charge | — | 11/07/2025 | — | |
| outstanding | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | A registered charge | 1 property | 11/07/2025 | — | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | — | 07/12/2022 | 18/07/2025 | |
| satisfied | Positive Cashflow Finance Positive Cashflow Finance Limited | A registered charge | 2 properties | 03/06/2014 | 09/12/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 27/07/2001 | 10/06/2014 |