ABSOLUTE POWDER COATINGS LIMITED

💤Zombieactive
05819228 · ltd · incorporated 2006-05-17
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 May 2025
Net worth
£261.4k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
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 -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
58 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 · accounting standard not declared
Positive net assets
Net assets £261,366
Net assets shrinking
Down £102,787 YoY
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£93k
↓ 55% YoY
Net Worth
£261k
↓ 28% YoY
Current Assets
£331k
↓ 33% YoY
Current Liabilities
—
£0£99k£197k£296k£394k£493kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-302024-05-30
Total assets£280.3k£391.2k
Current assets£330.9k£492.7k
Cash£93.3k£207.0k
Debtors£220.3k£262.0k
Net assets£261.4k£364.2k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2022-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-02-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-15
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2021-03-14
    📄
    capital-cancellation-shares
    capital · SH06
  13. 2021-03-14
    📄
    capital-return-purchase-own-shares
    capital · SH03
  14. 2020-12-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2020-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-12-01
    ➖
    HOWE, Anthony resigned
    secretary
  17. 2020-12-01
    ➖
    HOWE, Anthony resigned
    director
  18. 2020-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-10-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2020-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-02-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2006-05-17
    🏢
    Company incorporated
    As ABSOLUTE POWDER COATINGS LIMITED
  23. 2006-05-17
    ➕
    ROBERTSON, Stuart appointed
    director
  24. 2006-05-17
    ➕
    HOWE, Anthony appointed
    secretary
  25. 2006-05-17
    ➕
    ALDBURY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2006-05-17
    ➖
    ALDBURY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  27. 2006-05-17
    ➕
    HOWE, Anthony appointed
    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 20 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 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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 Stuart Robertson
Individual · British · DOB 02/1972 · age 54
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Anthony Howeceased 01/06/2021· 25-50% shares

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
Incorporated2006-05-17
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-30
Confirmation statement
Next due: 2026-05-31
Last: 2025-05-17

Officers (1 active · 3 resigned)

ROBERTSON, Stuart→
director · ~54y · appointed 2006-05-17
View their other companies + combined net worth →
Active
HOWE, Anthony→
secretary · appointed 2006-05-17 · resigned 2020-12-01
Resigned
ALDBURY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-05-17 · resigned 2006-05-17
Resigned
HOWE, Anthony→
director · ~70y · appointed 2006-05-17 · resigned 2020-12-01
Resigned

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

Recent filings (58 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-16
change-person-director-company-with-change-date
officers · CH01
2022-03-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-19