ABSOLUTE TIME LIMITED

💤Zombieactive
08718244 · ltd · incorporated 2013-10-04
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 Oct 2024
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 46480
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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 (73/100).

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Average employees0100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (19 events)Click to expand
  1. 2025-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-10-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2022-10-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2021-08-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-08-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-11-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2013-10-04
    🏢
    Company incorporated
    As ABSOLUTE TIME LIMITED
  19. 2013-10-04
    MEAD, Gary George appointed
    director

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gary George Mead
Individual · British · DOB 08/1961 · age 65
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/10/2016

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

8 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-10-04
Jurisdictionengland-wales
Primary SIC46480 — SIC 46480

Registered office

3rd Floor 45 Albemarle Street
London
W1S 4JL
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (1 active · 0 resigned)

MEAD, Gary George
director · ~65y · appointed 2013-10-04
View their other companies + combined net worth →
Active

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

Recent filings (34 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-24
change-person-director-company-with-change-date
officers · CH01
2024-09-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
gazette-filings-brought-up-to-date
gazette · DISS40
2022-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
gazette-notice-compulsory
gazette · GAZ1
2022-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-23