ABCA SYSTEMS LIMITED
Opportunity 74/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 17.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 17.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Profit before tax | £4.54M | £2.75M |
| Average employees | 26300 | 23300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
Corporate timeline (41 events)Click to expand
- 2025-07-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-17🔓Charge satisfied #4
- 2025-07-09🔒Charge registered #5Lender: Glas Trust Corporation Limited (As Security Agent)
- 2025-05-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-24📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-11📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-01📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-30📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-18🔓Charge satisfied #2
- 2022-07-18🔓Charge satisfied #1
- 2022-06-29📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-02📄accounts-with-accounts-type-fullaccounts · AA
- 2021-06-30📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-06-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-06-28📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-18📄resolutionresolution · RESOLUTIONS
- 2021-06-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-28📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-05-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-13➕BATSON, Philip appointedsecretary
- 2021-05-13➕BATSON, Philip Alan appointeddirector
- 2021-05-13➕KHANBHAI, Ali appointeddirector
- 2021-05-13➖MILLER, Philip James resignedsecretary
- 2021-05-13🔒Charge registered #4Lender: Santander UK PLC
- 2021-03-01🔓Charge satisfied #3
- 2020-03-10➖MILLER, Peter Christopher resigneddirector
- 2016-08-17🔒Charge registered #3Lender: Ultimate Invoice Finance Limited
- 2013-02-22➕SCOTT, Christopher Lyle appointeddirector
- 2009-07-31➕MILLER, Philip James appointeddirector
- 2009-07-31➖WOOD COLDEN, Russell resigneddirector
- 2009-07-31🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2009-04-28🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2007-06-27🏢Company incorporatedAs ABCA SYSTEMS LIMITED
- 2007-06-27➕MILLER, Philip James appointedsecretary
- 2007-06-27➕MILLER, Peter Christopher appointeddirector
- 2007-06-27➕WOOD COLDEN, Russell appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondary12+ year tenure: Director in role 17 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Abca Systems Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Abca Systems Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 10/03/2020 |
6 historic (ceased) PSCs
- Mrs Laureatte Millerceased 10/03/2020· 25-50% shares · 25-50% voting
- Mr Peter Christopher Millerceased 10/03/2020· 25-50% shares · 25-50% voting
- Mr Philip James Millerceased 10/03/2020· 25-50% shares · 25-50% voting
- Mr Peter Christopher Millerceased 10/03/2020· 25-50% shares · 25-50% voting
- Mr Philip James Millerceased 10/03/2020· 25-50% shares · 25-50% voting
- Mr Peter Millerceased 10/07/2018· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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6 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 →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
Registered office
Filing status
Officers (5 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | 1 property | 09/07/2025 | — | |
| satisfied | Santander Santander UK PLC | A registered charge | 2 properties | 13/05/2021 | 17/07/2025 | |
| satisfied | Ultimate Invoice Finance Ultimate Invoice Finance Limited | A registered charge | 8 properties | 17/08/2016 | 01/03/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 31/07/2009 | 18/07/2022 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 28/04/2009 | 18/07/2022 |