AB-FLATMATE LTD

💤Zombieactive
07661027 · ltd · incorporated 2011-06-07
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
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Turnover
year to Jun 2024
Net worth
£30.1k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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

1 live charge · oldest 6.0y

45/100
under pressure

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

  • · Oldest live charge is 6.0 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
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £30,082
Net assets shrinking
Down £34,394 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£19k
~ YoY
Net Worth
£30k
↓ 53% YoY
Current Assets
£303k
~ YoY
Current Liabilities
£0£61k£121k£182k£242k£303kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£171.7k£206.1k
Current assets£302.8k£302.8k
Cash£18.5k£18.5k
Debtors£284.3k£284.3k
Net assets£30.1k£64.5k

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 (26 events)Click to expand
  1. 2025-08-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-08-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-06-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2020-06-17
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  10. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2020-04-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-04-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2020-04-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-04-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-01-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-01-28
    ALBA CORTES, Gustavo Alejandro appointed
    director
  18. 2020-01-23
    ALLOUCHE, Roger resigned
    director
  19. 2020-01-23
    BENHAMOU, Gregg resigned
    director
  20. 2019-04-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2018-03-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2017-06-13
    AMEDIA LTD resigned
    corporate-secretary
  23. 2011-06-07
    🏢
    Company incorporated
    As AB-FLATMATE LTD
  24. 2011-06-07
    AMEDIA LTD appointed
    corporate-secretary
  25. 2011-06-07
    ALLOUCHE, Roger appointed
    director
  26. 2011-06-07
    BENHAMOU, Gregg 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

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gustavo Alejandro Alba Cortes
Individual · British · DOB 03/1987 · age 39
75100%
75-100% shares23/01/2020
2 historic (ceased) PSCs
  • Mr Roger Alloucheceased 23/01/2020· 25-50% shares · 25-50% voting · board control
  • Mr Gregg Benhamouceased 23/01/2020· 25-50% shares · 25-50% voting · board control

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

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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
Incorporated2011-06-07
Jurisdictionengland-wales
Primary SIC55900 — Other accommodation

Registered office

5a Accomodation Road
London
NW11 8ED
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-21
Last: 2025-06-07

Officers (1 active · 3 resigned)

ALBA CORTES, Gustavo Alejandro
director · ~39y · appointed 2020-01-28
View their other companies + combined net worth →
Active
AMEDIA LTD
corporate-secretary · appointed 2011-06-07 · resigned 2017-06-13
Resigned
ALLOUCHE, Roger
director · ~41y · appointed 2011-06-07 · resigned 2020-01-23
Resigned
BENHAMOU, Gregg
director · ~42y · appointed 2011-06-07 · resigned 2020-01-23
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property17/06/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-28
gazette-notice-compulsory
gazette · GAZ1
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-30