AB MARINE LTD

💤Zombieactive
10990700 · ltd · incorporated 2017-10-02
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 Apr 2025
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 30120
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
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

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-30
Average employees100

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
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-07-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2024-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-04-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2017-10-02
    🏢
    Company incorporated
    As AB MARINE LTD
  12. 2017-10-02
    BARNES, Alex appointed
    director
  13. 2017-10-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

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: 2025-10-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Alex Barnes
Individual · British · DOB 07/1989 · age 37
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/10/2017

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 →
🔒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
Incorporated2017-10-02
Jurisdictionengland-wales
Primary SIC30120 — SIC 30120

Registered office

Stirling House Denny End Road
Waterbeach
Cambridge
Cambridgeshire
CB25 9PB
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2025-10-13OVERDUE
Last: 2024-09-29

Officers (1 active · 0 resigned)

BARNES, Alex
director · ~37y · appointed 2017-10-02
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-26