ABSOLUTE CARBON LTD

🏛️Establishedactive
11864532 · ltd · incorporated 2019-03-06
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-8.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 13960
Sector: Manufacturing
ALSO REGISTERED FOR
  • 20600SIC 20600
  • 32990Other manufacturing n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -74% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 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
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £8,066
Cash draining
Cash down 74% YoY
Cash YoY
-74%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£189
↓ 74% YoY
Net Worth
-£8k
↓ 23% YoY
Current Assets
£189
↓ 78% YoY
Current Liabilities
—
-£8k-£6k-£5k-£3k-£940£841Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-8.1k£-6.6k
Current assets£189£841
Cash£189£739
Debtors—£102
Net assets£-8.1k£-6.6k

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

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-06-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-12-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-12-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-12-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-03-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-10-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-10-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-10-01
    ➕
    KULLADEDCHUTIWAT, Nathakorn appointed
    director
  12. 2021-10-01
    ➖
    KULLADEDCHUTIWAT, Nathakorn resigned
    director
  13. 2021-10-01
    ➕
    RUANGPUM, Kittichon appointed
    director
  14. 2021-10-01
    ➖
    RUANGPUM, Kittichon resigned
    director
  15. 2021-07-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2020-07-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2019-03-06
    🏢
    Company incorporated
    As ABSOLUTE CARBON LTD
  18. 2019-03-06
    ➕
    HOLMES, Dean David appointed
    director
  19. 2019-03-06
    ➕
    PONGSAWANG, Thada appointed
    director
  20. 2019-03-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Thada Pongsawang
Individual · British · DOB 10/1985 · age 41
25–50%
25–50%25-50% shares · 25-50% voting06/03/2019
Mr Dean David Holmes
Individual · British · DOB 11/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/03/2019

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
Incorporated2019-03-06
Jurisdictionengland-wales
Primary SIC13960 — SIC 13960

Registered office

470 Hucknall Road
Nottingham
Nottinghamshire
NG5 1FX
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-29
Last: 2025-12-15

Officers (2 active · 2 resigned)

HOLMES, Dean David→
director · ~65y · appointed 2019-03-06
View their other companies + combined net worth →
Active
PONGSAWANG, Thada→
director · ~41y · appointed 2019-03-06
View their other companies + combined net worth →
Active
KULLADEDCHUTIWAT, Nathakorn→
director · ~31y · appointed 2021-10-01 · resigned 2021-10-01
Resigned
RUANGPUM, Kittichon→
director · ~41y · appointed 2021-10-01 · resigned 2021-10-01
Resigned

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

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-17
change-person-director-company-with-change-date
officers · CH01
2025-03-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-15
termination-director-company-with-name-termination-date
officers · TM01
2023-12-15
termination-director-company-with-name-termination-date
officers · TM01
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-06
appoint-person-director-company-with-name-date
officers · AP01
2021-10-06