ABACUS CONSTRUCTION LIMITED

🌳Matureactive
04993231 · ltd · incorporated 2003-12-11
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
  • 43120Site preparation
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 22.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 22.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Average employees900800

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

🔒Filing-note intelligence

3 signals 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 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-08-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-08-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-07-24
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2024-12-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-12-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-07-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-07-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-07-04
    🔓
    Charge satisfied #4
  13. 2024-07-04
    🔓
    Charge satisfied #1
  14. 2023-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2013-12-09
    🔓
    Charge satisfied #2
  21. 2010-01-26
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  22. 2007-07-02
    🔒
    Charge registered #3
    Lender: Capital Home Loans Limited
  23. 2007-04-20
    🔒
    Charge registered #2
    Lender: Rivers Stuart Barry and Danielle Barry
  24. 2004-04-19
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  25. 2003-12-11
    🏢
    Company incorporated
    As ABACUS CONSTRUCTION LIMITED
  26. 2003-12-11
    ➕
    WENDT, Michelle Sally-Ann appointed
    secretary
  27. 2003-12-11
    ➕
    WENDT, Kevin Robert Henry appointed
    director
  28. 2003-12-11
    ➕
    WENDT, Michelle Sally-Ann appointed
    director
  29. 2003-12-11
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  30. 2003-12-11
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  31. 2003-12-11
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  32. 2003-12-11
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Abacus Holdings (Sw) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Abacus Holdings (Sw) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ABACUS CONSTRUCTION LIMITED
This company · 04993231

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%
NameSharesVoting rightsNature of controlNotified
Abacus Holdings (Sw) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control09/07/2025
2 historic (ceased) PSCs
  • Mr Kevin Robert Henry Wendtceased 09/07/2025· 25-50% shares · 25-50% voting · board control
  • Mrs Michelle Sally-Ann Wendtceased 09/07/2025· 25-50% shares · 25-50% 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 →

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10775374 · est 2017 · no financials extracted
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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
Incorporated2003-12-11
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Gammon Barn
Ham
Wellington
TA21 9JB
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (3 active · 2 resigned)

WENDT, Michelle Sally-Ann→
secretary · appointed 2003-12-11
View their other companies + combined net worth →
Active
WENDT, Kevin Robert Henry→
director · ~62y · appointed 2003-12-11
View their other companies + combined net worth →
Active
WENDT, Michelle Sally-Ann→
director · ~63y · appointed 2003-12-11
View their other companies + combined net worth →
Active
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-12-11 · resigned 2003-12-11
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2003-12-11 · resigned 2003-12-11
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property26/01/201004/07/2024
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge1 property02/07/2007—
satisfied
Rivers Stuart Barry and Danielle Barry
Legal charge1 property20/04/200709/12/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property19/04/200404/07/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-13
resolution
resolution · RESOLUTIONS
2025-07-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-16