ABACUS APARTMENTS LTD

💤Zombieactive
12099122 · ltd · incorporated 2019-07-12
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 Jul 2025
Net worth
£6.5k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 71). 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 (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 2.8y

0/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.8 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
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
4 connected companies via shared directors
57
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,497

Key financials

1 year extracted from filed iXBRL accounts
Cash
£3k
Net Worth
£6k
Current Assets
£3k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-31
Total assets£6.5k
Current assets£3.4k
Cash£2.8k
Debtors£651
Net assets£6.5k

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
2
filings
  • 2 accounts
Last 90 days
3
filings
  • 2 accounts
  • 1 change-of-name
Last 180 days
5
filings
  • 2 accounts
  • 2 mortgage
  • 1 change-of-name
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-04-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2026-03-02
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2026-01-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-12-22
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  6. 2025-12-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-12-09
    🔒
    Charge registered #3
    Lender: Barclays Security Trustee Limited
  8. 2025-09-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2025-09-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2025-09-12
    🔓
    Charge satisfied #2
  11. 2025-09-12
    🔓
    Charge satisfied #1
  12. 2025-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2025-04-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2024-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2024-04-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2023-08-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-08-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2023-08-15
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  19. 2023-08-15
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  20. 2023-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2023-04-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2022-12-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2022-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-04-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2021-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2019-07-12
    🏢
    Company incorporated
    As ABACUS APARTMENTS LTD
  27. 2019-07-12
    SINGH, Surjit appointed
    director

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-03-02: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Surjit Singh
Individual · British · DOB 04/1955 · age 71
2550%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence12/07/2019

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

9 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
Incorporated2019-07-12
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

2 Besthorpe Close
Oakwood
Derby
DE21 4RQ
England

Filing status

Accounts
Next due: 2027-04-27
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (1 active · 0 resigned)

SINGH, Surjit
director · ~71y · appointed 2019-07-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge2 properties22/12/2025
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge09/12/2025
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge2 properties15/08/202312/09/2025
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property15/08/202312/09/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-17
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-04-28
certificate-change-of-name-company
change-of-name · CERTNM
2026-03-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-23
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-09
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-04-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-16