ABSOLUTE APPAREL LIMITED

🌳Matureactive
05219123 · ltd · incorporated 2004-09-01
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

10 live charges · 6 lenders · oldest 21.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 21.0 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
80 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 mortgage
Last 180 days
1
filing
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-03-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-03-04
    🔓
    Charge satisfied #5
  3. 2025-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2024-09-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-09-27
    🔒
    Charge registered #10
    Lender: Hsbc UK Bank PLC
  7. 2024-01-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-01-24
    🔒
    Charge registered #9
    Lender: Hsbc UK Bank PLC
  9. 2023-08-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-09-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-08-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2020-10-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2019-07-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2018-08-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2017-09-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2017-08-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-08-25
    🔓
    Charge satisfied #6
  18. 2017-08-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2017-08-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2017-08-24
    🔓
    Charge satisfied #4
  21. 2017-08-24
    🔓
    Charge satisfied #1
  22. 2017-05-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2016-11-15
    🔒
    Charge registered #8
    Lender: Hsbc Bank PLC
  24. 2012-10-24
    🔒
    Charge registered #7
    Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
  25. 2012-06-06
    🔒
    Charge registered #6
    Lender: L&C Commercial Limited
  26. 2011-12-12
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  27. 2009-07-01
    🔒
    Charge registered #4
    Lender: L & C Commercial Limited
  28. 2007-09-11
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  29. 2005-12-21
    🔒
    Charge registered #2
    Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
  30. 2005-09-19
    ➕
    JHEINGA, Narinder appointed
    secretary
  31. 2005-09-19
    ➕
    JHEINGA, Narinder appointed
    director
  32. 2005-09-19
    ➖
    COX, Patricia Yvonne resigned
    secretary
  33. 2005-09-19
    ➖
    PERKS, Alan Trevor resigned
    director
  34. 2005-06-03
    🔒
    Charge registered #1
    Lender: L.C.P. Investments Limited
  35. 2005-04-25
    ➕
    JHEINGA, Anil appointed
    director
  36. 2004-09-01
    🏢
    Company incorporated
    As ABSOLUTE APPAREL LIMITED
  37. 2004-09-01
    ➕
    COX, Patricia Yvonne appointed
    secretary
  38. 2004-09-01
    ➕
    THOMAS, Howard appointed
    nominee-secretary
  39. 2004-09-01
    ➖
    THOMAS, Howard resigned
    nominee-secretary
  40. 2004-09-01
    ➕
    PERKS, Alan Trevor appointed
    director
  41. 2004-09-01
    ➕
    TESTER, William Andrew Joseph appointed
    nominee-director
  42. 2004-09-01
    ➖
    TESTER, William Andrew Joseph resigned
    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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 med · 1 low
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.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Anil Jheinga
Individual · British · DOB 08/1967 · age 59
50–75%
—50-75% shares01/09/2016
Mrs Narinder Jheinga
Individual · British · DOB 05/1969 · age 57
25–50%
—25-50% shares01/09/2016

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

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
Incorporated2004-09-01
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

Absolute Apparel
Racecourse Road
Wolverhampton
West Midlands
WV6 0QD
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (3 active · 4 resigned)

JHEINGA, Narinder→
secretary · appointed 2005-09-19
View their other companies + combined net worth →
Active
JHEINGA, Anil→
director · ~59y · appointed 2005-04-25
View their other companies + combined net worth →
Active
JHEINGA, Narinder→
director · ~57y · appointed 2005-09-19
View their other companies + combined net worth →
Active
COX, Patricia Yvonne→
secretary · appointed 2004-09-01 · resigned 2005-09-19
Resigned
THOMAS, Howard→
nominee-secretary · appointed 2004-09-01 · resigned 2004-09-01
Resigned
PERKS, Alan Trevor→
director · ~64y · appointed 2004-09-01 · resigned 2005-09-19
Resigned
TESTER, William Andrew Joseph→
nominee-director · ~64y · appointed 2004-09-01 · resigned 2004-09-01
Resigned

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

Mortgages & charges

10
Total charges
6
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property27/09/2024—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property24/01/2024—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property15/11/2016—
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD ("the Security Holder")
Floating charge (all assets)1 property24/10/2012—
satisfied
L&C Commercial
L&C Commercial Limited
Deed of deposit1 property06/06/201225/08/2017
satisfied
HSBC
Hsbc Bank PLC
Legal assignment1 property12/12/201104/03/2026
satisfied
L & C Commercial
L & C Commercial Limited
Rent deposit deed1 property01/07/200924/08/2017
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property11/09/2007—
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD ("the Security Holder")
Fixed charge on purchased debts which fail to vest1 property21/12/2005—
satisfied
L.C.P. Investments
L.C.P. Investments Limited
Rent deposit deed1 property03/06/200524/08/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-full
accounts · AA
2025-09-30
accounts-with-accounts-type-full
accounts · AA
2024-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-full
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
accounts-with-accounts-type-full
accounts · AA
2022-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-05
accounts-with-accounts-type-full
accounts · AA
2021-08-03
accounts-with-accounts-type-full
accounts · AA
2020-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-04