ABACUS RED LIMITED

💤Zombieactive
07019541 · ltd · incorporated 2009-09-15
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 Jul 2025
Net worth
£119.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 51). 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 (58/100).

🏦

Refinance opportunity

2 live charges · oldest 16.6y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 16.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £119,058

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£119k
↑ 9.8% YoY
Current Assets
£34k
↑ 14392% YoY
Current Liabilities
£0£24k£48k£71k£95k£119kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-07-312024-07-31
Total assets£131.6k£100.1k
Current assets£33.9k£234
Net assets£119.1k£108.4k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-07-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2022-07-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2022-06-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2021-08-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-11-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-07-31
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2020-01-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2020-01-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2020-01-30
    🔓
    Charge satisfied #2
  16. 2020-01-30
    🔓
    Charge satisfied #1
  17. 2019-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2017-12-19
    PANG, Pak Keung resigned
    director
  20. 2017-12-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2010-01-20
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  22. 2009-11-09
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  23. 2009-09-15
    🏢
    Company incorporated
    As ABACUS RED LIMITED
  24. 2009-09-15
    MAN, Tik Pong Martin appointed
    director
  25. 2009-09-15
    PANG, Pak Keung 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 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
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.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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
NameSharesVoting rightsNature of controlNotified
Mr Martin Man
Individual · British · DOB 11/1975 · age 51
25–50%sig. influence25-50% voting · significant influence01/08/2016
1 historic (ceased) PSC
  • Mr Pak Pangceased 30/07/2022· 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

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
Incorporated2009-09-15
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Abacus House Flowers Hill
Brislington
Bristol
BS4 5JJ

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-09-16
Last: 2025-09-02

Officers (1 active · 1 resigned)

MAN, Tik Pong Martin
director · ~51y · appointed 2009-09-15
View their other companies + combined net worth →
Active
PANG, Pak Keung
director · ~67y · appointed 2009-09-15 · resigned 2017-12-19
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property20/01/201030/01/2020
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property09/11/200930/01/2020

Recent filings (47 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-29
gazette-filings-brought-up-to-date
gazette · DISS40
2022-07-13
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-07-13
gazette-notice-compulsory
gazette · GAZ1
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-09