ABODE FIRST DEVELOPMENT LIMITED

🏛️Establishedactive
11210917 · ltd · incorporated 2018-02-16
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (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: strategic trade sale (63/100).

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 (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
22 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
55
Adequate — check latest filings for context.
Acquirability
55
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-212024-02-21

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 (18 events)Click to expand
  1. 2025-11-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-11-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-11-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2019-11-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2018-02-16
    🏢
    Company incorporated
    As ABODE FIRST DEVELOPMENT LIMITED
  15. 2018-02-16
    APPLEBY, Samantha appointed
    secretary
  16. 2018-02-16
    APPLEBY, Leonard appointed
    director
  17. 2018-02-16
    APPLEBY, Samantha appointed
    director
  18. 2018-02-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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: 2026-05-29

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Samantha Appleby
Individual · English · DOB 03/1979 · age 47
sig. influencesignificant influence16/02/2018
Mr Leonard Appleby
Individual · British · DOB 12/1973 · age 53
sig. influencesignificant influence16/02/2018

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
Incorporated2018-02-16
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

27 Old Gloucester Street
London
WC1N 3AX
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-21
Confirmation statement
Next due: 2026-05-29OVERDUE
Last: 2025-05-15

Officers (3 active · 0 resigned)

APPLEBY, Samantha
secretary · appointed 2018-02-16
View their other companies + combined net worth →
Active
APPLEBY, Leonard
director · ~53y · appointed 2018-02-16
View their other companies + combined net worth →
Active
APPLEBY, Samantha
director · ~47y · appointed 2018-02-16
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-dormant
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-dormant
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-28
accounts-with-accounts-type-dormant
accounts · AA
2022-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-17
change-person-director-company-with-change-date
officers · CH01
2022-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-17
change-person-director-company-with-change-date
officers · CH01
2022-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-17
accounts-with-accounts-type-dormant
accounts · AA
2021-11-29