ABRAXAS MARITIME LTD

💤Zombieactive
06260229 · ltd · incorporated 2007-05-25
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 Jun 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees200200

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

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 (25 events)Click to expand
  1. 2026-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-10-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-10-08
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  5. 2025-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-02-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-03-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2022-05-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2013-07-17
    ➖
    PRICE, Michael Francis resigned
    director
  16. 2013-06-30
    ➕
    TURNER, Katrina Susanna appointed
    secretary
  17. 2013-06-30
    ➖
    PRICE, Michael Francis resigned
    secretary
  18. 2007-08-09
    ➕
    PRICE, Michael Francis appointed
    secretary
  19. 2007-08-09
    ➖
    TURNER, Katrina Susanna resigned
    secretary
  20. 2007-07-12
    ➕
    PRICE, Michael Francis appointed
    director
  21. 2007-05-25
    🏢
    Company incorporated
    As ABRAXAS MARITIME LTD
  22. 2007-05-25
    ➕
    TURNER, Simon Charles appointed
    director
  23. 2007-05-25
    ➕
    TURNER, Katrina Susanna appointed
    secretary
  24. 2007-05-25
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  25. 2007-05-25
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary

Owner dependency

100/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

88/100
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 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Simon Charles Turner
Individual · British · DOB 06/1958 · age 68
25–50%
25–50%25-50% shares · 25-50% voting25/05/2017
Mrs Katrina Susanna Turner
Individual · British · DOB 03/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting25/05/2017

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

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09694086 · est 2015 · no financials extracted
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ADEMS TRANSPORT LTD→
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2007-05-25
Jurisdictionengland-wales
Primary SIC50200 — SIC 50200

Registered office

Devey Lodge Pembury Grange
Sandown Park
Tunbridge Wells
TN2 4RP
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26

Officers (2 active · 4 resigned)

TURNER, Katrina Susanna→
secretary · appointed 2013-06-30
View their other companies + combined net worth →
Active
TURNER, Simon Charles→
director · ~68y · appointed 2007-05-25
View their other companies + combined net worth →
Active
PRICE, Michael Francis→
secretary · appointed 2007-08-09 · resigned 2013-06-30
Resigned
TURNER, Katrina Susanna→
secretary · appointed 2007-05-25 · resigned 2007-08-09
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2007-05-25 · resigned 2007-05-25
Resigned
PRICE, Michael Francis→
director · ~76y · appointed 2007-07-12 · resigned 2013-07-17
Resigned

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

Recent filings (66 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-08
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-27
change-person-secretary-company-with-change-date
officers · CH03
2022-05-23