ABACUS INDUSTRIAL FLOORING LTD
💤Zombieactive
06708358 · ltd · incorporated 2008-09-25
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 Apr 2025
Net worth
£150.0k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Special-situation opportunityDistressed trade-services with salvageable qualities — special-situations priority.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 16.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £149,979
Very low cash
Cash position: £32
Net assets shrinking
Down £103,005 YoY
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£32
↓ 100% YoY
Net Worth
£150k
↓ 41% YoY
Current Assets
£321k
↓ 19% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £155.4k | £269.3k |
| Current assets | £321.2k | £395.7k |
| Cash | £32 | £72.9k |
| Debtors | £319.7k | £320.2k |
| Net assets | £150.0k | £253.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
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 (24 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-06📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-12-13📄gazette-notice-compulsorygazette · GAZ1
- 2022-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-12-14📄gazette-notice-compulsorygazette · GAZ1
- 2021-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-13➖PARKER, Jean resignedsecretary
- 2020-01-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-11-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-26📄change-person-director-company-with-change-dateofficers · CH01
- 2019-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-14🔓Charge satisfied #1
- 2010-01-19🔒Charge registered #1Lender: Hsbc Bank PLC
- 2008-09-25🏢Company incorporatedAs ABACUS INDUSTRIAL FLOORING LTD
- 2008-09-25➕MILES, Graeme Michael appointeddirector
- 2008-09-25➕PARKER, Jean appointedsecretary
- 2008-09-25➕Corporate Appointments Limited appointedcorporate-director
- 2008-09-25➖Corporate Appointments Limited resignedcorporate-director
Owner dependency
100/100
Critical — business is the founderThe 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 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. 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 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graeme Michael Miles Individual · British · DOB 11/1961 · age 65 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/06/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 75 BEAUTY & MASSAGE LTD→ 14234303 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 8 PALMEIRA AVENUE HOVE MANAGEMENT LIMITED→ 02970073 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| A&C FENCING & GATES LIMITED→ 12520461 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AAA CAR WASH 1 LTD→ 16326800 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AAH CONSULTING LIMITED→ 07313430 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AB TREE & LANDSCAPES LTD→ 15605481 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ABACUS MAIN LIMITED→ 03597541 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| ABBY HOLDINGS LTD→ 13705636 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABEL AG-TECH LIMITED→ 01707562 · est 1983 · no financials extracted | — | — | — | — | 43y | — | — |
| ABLE ANGEL LTD.→ 05067705 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| ABSOLUTE AUTO CARE LIMITED→ 12080412 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABSOLUTE BEAUTY (SUSSEX) LTD→ 09592794 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2008-09-25
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
Preston Park House
South Road
Brighton
Sussex
BN1 6SB
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-10-09
Last: 2025-09-25
Officers (1 active · 2 resigned)
MILES, Graeme Michael→
Activedirector · ~65y · appointed 2008-09-25
View their other companies + combined net worth →
PARKER, Jean→
Resignedsecretary · appointed 2008-09-25 · resigned 2020-01-13
Corporate Appointments Limited→
Resignedcorporate-director · appointed 2008-09-25 · resigned 2008-09-25
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 19/01/2010 | 14/12/2016 |
Recent filings (54 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
gazette-filings-brought-up-to-date
gazette · DISS40
2023-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-05
gazette-notice-compulsory
gazette · GAZ1
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-14
gazette-filings-brought-up-to-date
gazette · DISS40
2021-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-21
gazette-notice-compulsory
gazette · GAZ1
2021-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28