ABSNETWORK LIMITED

💤Zombieactive
08371688 · ltd · incorporated 2013-01-23
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 Jan 2025
Net worth
£-36.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. 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: distressed disposal / insolvency (65/100).

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
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £36,931

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£37k
↓ 11% YoY
Current Assets
—
Current Liabilities
—
-£37k-£30k-£22k-£15k-£7k£97Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Total assets£-10.2k£-3.3k
Current assets—£97
Cash—£97
Net assets£-36.9k£-33.3k

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 persons-with-significant-control
Last 180 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-01-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-12-24
    ➖
    OWINO, Eliakim resigned
    director
  7. 2023-12-22
    ➖
    OKOTH, Kennedy resigned
    director
  8. 2023-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-02-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2020-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-11-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-02-15
    ➕
    CHACHA, George Fred appointed
    director
  17. 2019-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-02-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2018-12-30
    ➖
    CHACHA, George Fred resigned
    director
  21. 2018-11-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-10-27
    ➕
    CHACHA, George Fred appointed
    director
  23. 2016-02-01
    ➖
    CHACHA, George resigned
    director
  24. 2013-01-23
    🏢
    Company incorporated
    As ABSNETWORK LIMITED
  25. 2013-01-23
    ➕
    CHACHA, George appointed
    director
  26. 2013-01-23
    ➕
    OKOTH, Kennedy appointed
    director
  27. 2013-01-23
    ➕
    OWINO, Eliakim 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 George Fred Chacha
Individual · Kenyan · DOB 07/1982 · age 44
75–100%
75–100%board control75-100% shares · 75-100% voting · board control15/02/2020
1 historic (ceased) PSC
  • Mr Kennedy Okothceased 05/02/2022· 25-50% shares

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
Incorporated2013-01-23
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

59 Draycott
Bracknell
RG12 0UX
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (1 active · 4 resigned)

CHACHA, George Fred→
director · ~44y · appointed 2020-02-15
View their other companies + combined net worth →
Active
CHACHA, George Fred→
director · ~44y · appointed 2018-10-27 · resigned 2018-12-30
Resigned
CHACHA, George→
director · ~44y · appointed 2013-01-23 · resigned 2016-02-01
Resigned
OKOTH, Kennedy→
director · ~41y · appointed 2013-01-23 · resigned 2023-12-22
Resigned
OWINO, Eliakim→
director · ~57y · appointed 2013-01-23 · resigned 2023-12-24
Resigned

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

Recent filings (40 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-03
termination-director-company-with-name-termination-date
officers · TM01
2024-01-06
termination-director-company-with-name-termination-date
officers · TM01
2024-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03