ABFAB FLOORING LTD
Opportunity 78/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key 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 | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 2 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (24 events)Click to expand
- 2026-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-14📄capital-allotment-sharescapital · SH01
- 2022-03-14📄memorandum-articlesincorporation · MA
- 2022-03-14📄resolutionresolution · RESOLUTIONS
- 2022-03-11📄capital-name-of-class-of-sharescapital · SH08
- 2022-03-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-17➕CHINN, Matthew James appointeddirector
- 2021-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-08-13🏢Company incorporatedAs ABFAB FLOORING LTD
- 2012-08-13➕CHINN, David John appointeddirector
- 2012-08-13➕KAHAN, Barbara appointeddirector
- 2012-08-13➖KAHAN, Barbara resigneddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 65 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — CHINN, Matthew James (same surname) appointed 2022-02-17. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew James Chinn Individual · British · DOB 02/1990 · age 36 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/02/2022 |
Mr David John Chinn Individual · British · DOB 07/1961 · age 65 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 13/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.