ABSOLUTE GARMENTS LIMITED
💤Zombieactive
04768508 · ltd · incorporated 2003-05-18
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 Dec 2024
Net worth
£5.80M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 13.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
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
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £5,796,118
Cash YoY
+39%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2.2m
↑ 39% YoY
Net Worth
£5.8m
↑ 8.5% YoY
Current Assets
£6.6m
↑ 4.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £5.80M | £5.34M |
| Current assets | £6.62M | £6.31M |
| Cash | £2.22M | £1.59M |
| Debtors | £4.24M | £4.49M |
| Net assets | £5.80M | £5.34M |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-16📄capital-alter-shares-subdivisioncapital · SH02
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-09-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-18📄change-person-director-company-with-change-dateofficers · CH01
- 2017-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-15🔓Charge satisfied #2
- 2013-05-13🔒Charge registered #2Lender: National Westminster Bank PLC
- 2013-04-03🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-05-18🏢Company incorporatedAs ABSOLUTE GARMENTS LIMITED
- 2003-05-18➕SILVER, Alan appointedsecretary
- 2003-05-18➕KHAN, Mohammad Tousif appointeddirector
- 2003-05-18➕THEYDON SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-05-18➖THEYDON SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2003-05-18➕THEYDON NOMINEES LIMITED appointedcorporate-nominee-director
- 2003-05-18➖THEYDON NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mohammad Tousif Khan Individual · British · DOB 07/1956 · age 70 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Wholesale & distribution · HA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AATAMI UK LTD→ 11007395 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ABIMAX LTD→ 15373295 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCRINGTON TRADING LTD→ 11051677 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ACE AFRICAN FABRICS LTD→ 13187731 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ACEFIELD SUPPLIES LTD→ 12971851 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACI SERVICES LTD→ 16309073 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACPZ CONSULTANCY LTD→ 16715343 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTAPRINT LIMITED→ 01189842 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| AD BIOPAK LTD→ 15652245 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAA MANAGEMENT CONSULTANCY LTD→ 16090156 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAM AND ANGEL FASHION LTD→ 16825288 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADANI ECOPACK LTD→ 14520348 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2003-05-18
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear
Registered office
32 Byron Hill Road
Harrow On The Hill
Middlesex
HA2 0HY
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-22
Last: 2026-05-08
Officers (2 active · 2 resigned)
Active
KHAN, Mohammad Tousif→
Activedirector · ~70y · appointed 2003-05-18
View their other companies + combined net worth →
THEYDON SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-05-18 · resigned 2003-05-18
THEYDON NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-05-18 · resigned 2003-05-18
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 13/05/2013 | 15/07/2015 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 03/04/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (62 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-22
capital-alter-shares-subdivision
capital · SH02
2021-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-29