ABSOLUTE CABS LIMITED

🌳Matureactive
08521121 · ltd · incorporated 2013-05-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: SIC 49320
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 96090Other service activities n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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

Company profile
address, 2 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
8 officers (2 active, 8 linked, 8 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31

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 (31 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-03-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-03-01
    LATIF, Muhammad resigned
    director
  9. 2020-08-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2020-04-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-03-01
    LATIF, Muhammad appointed
    director
  12. 2020-03-01
    LATIF, Muhammad resigned
    director
  13. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2017-06-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2017-06-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2017-04-01
    SAQLAIN, Jaan Ghulam appointed
    director
  20. 2017-04-01
    LATIF, Muhammad appointed
    director
  21. 2017-03-24
    SAQLAIN, Jaan Ghulam resigned
    director
  22. 2017-03-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2016-09-01
    LATIF, Muhammad appointed
    director
  24. 2016-09-01
    LATIF, Muhammad resigned
    director
  25. 2016-09-01
    TUFAIL, Muhammad appointed
    director
  26. 2016-09-01
    TUFAIL, Muhammad resigned
    director
  27. 2014-12-01
    SAQLAIN, Jaan Ghulam appointed
    director
  28. 2013-10-21
    MONIR, Shamraz appointed
    director
  29. 2013-10-21
    SAQLAIN, Jaan Ghulam resigned
    director
  30. 2013-05-09
    🏢
    Company incorporated
    As ABSOLUTE CABS LIMITED
  31. 2013-05-09
    SAQLAIN, Jaan Ghulam appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

44/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-05-07

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Jaan Ghulam Saqlain
Individual · British · DOB 08/1970 · age 56
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/04/2017

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
Incorporated2013-05-09
Jurisdictionengland-wales
Primary SIC49320 — SIC 49320

Registered office

17 East Laith Gate
Doncaster
South Yorkshire
DN1 1JG

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-07OVERDUE
Last: 2025-04-23

Officers (2 active · 6 resigned)

MONIR, Shamraz
director · ~42y · appointed 2013-10-21
View their other companies + combined net worth →
Active
SAQLAIN, Jaan Ghulam
director · ~56y · appointed 2017-04-01
View their other companies + combined net worth →
Active
LATIF, Muhammad
director · ~61y · appointed 2020-03-01 · resigned 2021-03-01
Resigned
LATIF, Muhammad
director · ~61y · appointed 2017-04-01 · resigned 2020-03-01
Resigned
LATIF, Muhammad
director · ~61y · appointed 2016-09-01 · resigned 2016-09-01
Resigned
SAQLAIN, Jaan Ghulam
director · ~56y · appointed 2014-12-01 · resigned 2017-03-24
Resigned
SAQLAIN, Jaan Ghulam
director · ~56y · appointed 2013-05-09 · resigned 2013-10-21
Resigned
TUFAIL, Muhammad
director · ~62y · appointed 2016-09-01 · resigned 2016-09-01
Resigned

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

Recent filings (42 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
termination-director-company-with-name-termination-date
officers · TM01
2021-03-08
appoint-person-director-company-with-name-date
officers · AP01
2020-08-17
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-28
termination-director-company-with-name-termination-date
officers · TM01
2020-04-07