ABS REMOVALS LIMITED
Opportunity 72/100 (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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | — | £-2.2k |
| Current assets | — | £71 |
| Net assets | — | £-2.2k |
| Average employees | 200 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (21 events)Click to expand
- 2025-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-01➕ERMEC, Abdullah appointeddirector
- 2021-07-01➖ERMEC, Abdullah resigneddirector
- 2021-07-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-06-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-03📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-05-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2018-02-09🏢Company incorporatedAs ABS REMOVALS LIMITED
- 2018-02-09➕ERMEC, Ceren appointeddirector
- 2018-02-09📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Ceren Ermec Individual · British · DOB 03/1972 · age 54 | 75–100% | — | 75-100% shares | 01/06/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
Click a director name to see their full track record across all companies.