ABBEY GAS SERVICES (DERBY) LTD

💤Zombieactive
05061052 · ltd · incorporated 2004-03-02
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 Mar 2025
Net worth
£6.2k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -39% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £6,236
Net assets shrinking
Down £5,332 YoY
Cash YoY
-39%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
↓ 39% YoY
Net Worth
£6k
↓ 46% YoY
Current Assets
£9k
↓ 39% YoY
Current Liabilities
£0£3k£6k£9k£12k£15kMar 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£6.2k£11.6k
Current assets£9.3k£15.3k
Cash£8.6k£14.0k
Debtors£667£1.2k
Net assets£6.2k£11.6k

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 (25 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-07-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-11-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-04-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-09-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-03-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-11-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-03-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-10-24
    RUSSELL, Wendy Dawn resigned
    secretary
  17. 2013-08-10
    RUSSELL, Richard Anthony resigned
    director
  18. 2005-05-03
    BRANNAN, Richard David appointed
    director
  19. 2004-03-04
    RUSSELL, Wendy Dawn appointed
    secretary
  20. 2004-03-04
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  21. 2004-03-04
    RUSSELL, Richard Anthony appointed
    director
  22. 2004-03-04
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  23. 2004-03-02
    🏢
    Company incorporated
    As ABBEY GAS SERVICES (DERBY) LTD
  24. 2004-03-02
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  25. 2004-03-02
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

85/100
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 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 21 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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Richard David Brannan
Individual · British · DOB 10/1973 · age 53
75100%
75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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16495222 · est 2025 · no financials extracted
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06473099 · est 2008 · no financials extracted
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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
Incorporated2004-03-02
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

12 Darley Abbey Mills
Darley Abbey
Derby
DE22 1DZ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (1 active · 4 resigned)

BRANNAN, Richard David
director · ~53y · appointed 2005-05-03
View their other companies + combined net worth →
Active
RUSSELL, Wendy Dawn
secretary · appointed 2004-03-04 · resigned 2013-10-24
Resigned
FORM 10 SECRETARIES FD LTD
corporate-nominee-secretary · appointed 2004-03-02 · resigned 2004-03-04
Resigned
RUSSELL, Richard Anthony
director · ~62y · appointed 2004-03-04 · resigned 2013-08-10
Resigned
FORM 10 DIRECTORS FD LTD
corporate-nominee-director · appointed 2004-03-02 · resigned 2004-03-04
Resigned

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

Recent filings (57 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-13