ABODE SALES AND LETTINGS WIGAN LTD

🚨Distressedactive
06808717 · ltd · incorporated 2009-02-03
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2023
Net worth
£-137.8k
book net assets
Opportunity
55/100
Worth a look
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68310Real estate agencies
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £137,752

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£138k
Current Assets
£12k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2023-10-27
Total assets£-20.6k
Current assets£12.0k
Net assets£-137.8k

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 (29 events)Click to expand
  1. 2025-07-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  2. 2025-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-28
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  4. 2024-07-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2023-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-07-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2022-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2022-03-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2021-04-16
    📄
    capital-return-purchase-own-shares-treasury-capital-date
    capital · SH03
  11. 2021-04-15
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2021-04-15
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  13. 2021-04-15
    📄
    capital-name-of-class-of-shares
    capital · SH08
  14. 2021-04-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-04-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2020-12-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2020-12-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2020-12-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2020-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-11-20
    WATSON, Lucy Elizabeth appointed
    director
  21. 2020-11-20
    BALL, Steven John resigned
    director
  22. 2020-11-20
    TICKLE, Stephen Wilfred resigned
    director
  23. 2010-06-15
    BALL, Steven John appointed
    director
  24. 2010-06-15
    TICKLE, Stephen Wilfred appointed
    director
  25. 2010-06-14
    HEATON, Wendy Louise resigned
    director
  26. 2009-10-10
    HEATON, John Dennis resigned
    secretary
  27. 2009-02-03
    🏢
    Company incorporated
    As ABODE SALES AND LETTINGS WIGAN LTD
  28. 2009-02-03
    HEATON, John Dennis appointed
    secretary
  29. 2009-02-03
    HEATON, Wendy Louise appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-10-23

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-14

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Lucy Elizabeth Watson
Individual · British · DOB 12/1986 · age 40
75100%
75-100% shares17/03/2021
3 historic (ceased) PSCs
  • Mr Gerard Francis Hyattceased 17/03/2021· significant influence
  • Mr Steven John Ballceased 20/11/2020· significant influence
  • Mr Stephen Wilfred Tickleceased 20/11/2020· significant influence

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2009-02-03
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

2 Sefton Road
Orrell
Wigan
Lancashire
WN5 8UP

Filing status

Accounts
Next due: 2025-10-23OVERDUE
Last made up to: 2023-10-27
Confirmation statement
Next due: 2026-04-14OVERDUE
Last: 2025-03-31

Officers (1 active · 4 resigned)

WATSON, Lucy Elizabeth
director · ~40y · appointed 2020-11-20
View their other companies + combined net worth →
Active
HEATON, John Dennis
secretary · appointed 2009-02-03 · resigned 2009-10-10
Resigned
BALL, Steven John
director · ~64y · appointed 2010-06-15 · resigned 2020-11-20
Resigned
HEATON, Wendy Louise
director · ~50y · appointed 2009-02-03 · resigned 2010-06-14
Resigned
TICKLE, Stephen Wilfred
director · ~68y · appointed 2010-06-15 · resigned 2020-11-20
Resigned

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

Recent filings (59 total)

change-account-reference-date-company-previous-shortened
accounts · AA01
2025-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-28
change-account-reference-date-company-current-shortened
accounts · AA01
2024-10-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-26
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
certificate-change-of-name-company
change-of-name · CERTNM
2022-03-04
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2021-04-16
resolution
resolution · RESOLUTIONS
2021-04-15