AB ABRASIVES LIMITED

⚰️Wound downdissolved

05423588 · ltd · incorporated 2005-04-13

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

54/100

Worth a look

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What this business does

Primary activity: SIC 46760

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.0y

40/100

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.
· Two lenders — manageable, but coordination required.
· Legal-friction score 45/100 (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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

10 officers (5 active, 10 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

54/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (44 events)Click to expand

2019-11-20
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2019-11-20
🏁
Company dissolved
2019-09-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-08-20
⚠️
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2019-03-14
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2019-03-03
⚠️
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · AM22
2018-09-27
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2018-08-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-08-21
🔓
Charge satisfied #1
2018-06-19
⚠️
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · AM06
2018-05-01
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2018-05-01
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2018-03-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-03-15
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2018-03-06
📄
gazette-notice-compulsory
gazette · GAZ1
2016-12-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-09
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-06-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-12-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-05-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-08-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-01-31
➖
PHILLIPS, Andrew Kenneth resigned
secretary
2010-01-31
➖
PHILLIPS, Andrew Kenneth resigned
director
2009-04-08
➕
PARTRIDGE, John Thomas appointed
director
2009-04-08
➕
WORSFIELD, Timothy Arthur appointed
director
2007-02-23
➕
IRVINE, Ian Charles appointed
director
2007-02-23
➕
PHILLIPS, Andrew Kenneth appointed
secretary
2007-02-23
➖
PRICE, Richard Peter Jeremy resigned
secretary
2007-02-23
➕
PHILLIPS, Andrew Kenneth appointed
director
2005-08-04
🔒
Charge registered #2
Lender: Brixton (Longwood Trafford Park) Limited
2005-05-13
🔒
Charge registered #1
Lender: Lloyds Tsb Commercial Finance Limited
2005-04-13
🏢
Company incorporated
As AB ABRASIVES LIMITED
2005-04-13
➕
JUDD, Alan Michael appointed
director
2005-04-13
➕
SNEESBY, Robert Anthony appointed
director
2005-04-13
➕
PRICE, Richard Peter Jeremy appointed
secretary
2005-04-13
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
2005-04-13
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
2005-04-13
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director
2005-04-13
➖
WATERLOW NOMINEES LIMITED resigned
corporate-nominee-director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

90/100

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 85 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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

2 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-11-20

9 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-11-20: gazette-dissolved-liquidation; 2019-08-20: liquidation-voluntary-creditors-return-of-final-meeting

Group structure

Abrasive Blades Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Abrasive Blades Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

AB ABRASIVES LIMITED

This company · 05423588

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%

Name	Shares	Voting rights	Nature of control	Notified
Abrasive Blades Limited Corporate entity	75–100%	—	75-100% shares	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 →

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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.

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Company details

Statusdissolved

Typeltd

Incorporated2005-04-13

Jurisdictionengland-wales

Primary SIC46760 — SIC 46760

Registered office

Benedict Mackenzie

93 Tabernacle Street

London

EC2A 4BA

Filing status

Accounts

Next due: —

Last made up to: 2016-03-31

Confirmation statement

Next due: —

Last: —