ALBASTONE PROJECTS LIMITED

💤Zombieactive
08794642 · ltd · incorporated 2013-11-28
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 Nov 2024
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Floor and wall covering
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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: share sale to pe / searcher (58/100).

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
3 officers (1 active, 3 linked, 3 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
33 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees600600

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 (22 events)Click to expand
  1. 2025-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-07-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-07-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-02-13
    GECAJ, Sadik appointed
    director
  6. 2025-02-13
    GECAJ, Sadik appointed
    director
  7. 2025-02-13
    GECAJ, Sadik resigned
    director
  8. 2025-02-13
    GECAJ, Sadik resigned
    director
  9. 2025-02-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2025-02-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-05-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2017-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2013-11-28
    🏢
    Company incorporated
    As ALBASTONE PROJECTS LIMITED
  22. 2013-11-28
    GECAJ, Sadik 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 Sadik Gecaj
Individual · British · DOB 12/1976 · age 50
75100%
75–100%75-100% shares · 75-100% voting13/02/2025
1 historic (ceased) PSC
  • Mr Sadik Gecajceased 13/02/2025· 75-100% 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 →
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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
Incorporated2013-11-28
Jurisdictionengland-wales
Primary SIC43330 — Floor and wall covering

Registered office

10 Sandown Road Industrial Estate
Watford
WD24 7UB
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28

Officers (1 active · 2 resigned)

GECAJ, Sadik
director · ~50y · appointed 2025-02-13
View their other companies + combined net worth →
Active
GECAJ, Sadik
director · ~47y · appointed 2025-02-13 · resigned 2025-02-13
Resigned
GECAJ, Sadik
director · ~50y · appointed 2013-11-28 · resigned 2025-02-13
Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
termination-director-company-with-name-termination-date
officers · TM01
2025-07-30
appoint-person-director-company-with-name-date
officers · AP01
2025-07-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-13
appoint-person-director-company-with-name-date
officers · AP01
2025-02-13
termination-director-company-with-name-termination-date
officers · TM01
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-09