ABILITY RECORDS LIMITED

💤Zombieactive
04042614 · ltd · incorporated 2000-07-28
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Jul 2022
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. Strong seller-intent signal (78/100, director aged 78). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (1 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2022-07-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-07-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-03-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-08-07
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2024-07-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2023-06-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-07-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-03
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  9. 2021-06-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-04
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  11. 2020-06-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-11-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2019-10-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-03-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2018-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-03-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2012-03-15
    CPL AUDIT LIMITED resigned
    corporate-secretary
  18. 2011-08-04
    SCHOLEFIELD, Anthony John Edward resigned
    secretary
  19. 2010-05-15
    CPL AUDIT LIMITED appointed
    corporate-secretary
  20. 2006-12-11
    SMEATON, Keith appointed
    director
  21. 2006-09-29
    SMEATON, Iris Rose resigned
    director
  22. 2006-06-30
    OLUWAFISOYE, Funlayo Antoinette resigned
    director
  23. 2006-01-27
    OLUWAFISOYE, Funlayo Antoinette appointed
    director
  24. 2003-03-28
    SMEATON, Keith resigned
    director
  25. 2003-03-25
    SMEATON, Iris Rose appointed
    director
  26. 2002-07-10
    SCHOLEFIELD, Anthony John Edward appointed
    secretary
  27. 2002-07-10
    SMEATON, Iris Rose resigned
    secretary
  28. 2002-01-24
    SMEATON, Iris Rose appointed
    secretary
  29. 2002-01-14
    NEWTON FISHER, Brian Edward resigned
    secretary
  30. 2002-01-14
    NEWTON FISHER, Brian Edward resigned
    director
  31. 2001-09-04
    NEWTON FISHER, Brian Edward appointed
    secretary
  32. 2001-09-04
    NEWTON FISHER, Brian Edward appointed
    director
  33. 2000-12-31
    GENY, Christine resigned
    secretary
  34. 2000-07-28
    🏢
    Company incorporated
    As ABILITY RECORDS LIMITED
  35. 2000-07-28
    GENY, Christine appointed
    secretary
  36. 2000-07-28
    SMEATON, Keith appointed
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

93/100
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 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 20 years.
  • 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

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Keith Smeaton
Individual · English · DOB 02/1948 · age 78
2550%
25-50% shares01/06/2016

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

10 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
Incorporated2000-07-28
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Barkley House Barcley House
7 Well Street
London
Middx
E9 7RA
United Kingdom

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21

Officers (1 active · 9 resigned)

SMEATON, Keith
director · ~78y · appointed 2006-12-11
View their other companies + combined net worth →
Active
GENY, Christine
secretary · appointed 2000-07-28 · resigned 2000-12-31
Resigned
NEWTON FISHER, Brian Edward
secretary · appointed 2001-09-04 · resigned 2002-01-14
Resigned
SCHOLEFIELD, Anthony John Edward
secretary · appointed 2002-07-10 · resigned 2011-08-04
Resigned
SMEATON, Iris Rose
secretary · appointed 2002-01-24 · resigned 2002-07-10
Resigned
CPL AUDIT LIMITED
corporate-secretary · appointed 2010-05-15 · resigned 2012-03-15
Resigned
NEWTON FISHER, Brian Edward
director · ~87y · appointed 2001-09-04 · resigned 2002-01-14
Resigned
OLUWAFISOYE, Funlayo Antoinette
director · ~59y · appointed 2006-01-27 · resigned 2006-06-30
Resigned
SMEATON, Iris Rose
director · ~103y · appointed 2003-03-25 · resigned 2006-09-29
Resigned
SMEATON, Keith
director · ~78y · appointed 2000-07-28 · resigned 2003-03-28
Resigned

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

Recent filings (91 total)

gazette-notice-compulsory
gazette · GAZ1
2026-07-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-15
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-29
accounts-with-accounts-type-dormant
accounts · AA
2025-03-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-08-07
gazette-notice-compulsory
gazette · GAZ1
2024-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-dormant
accounts · AA
2023-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-08
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-08
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-03-04