ABISLA WHITTLESEY LIMITED

💤Zombieactive
12227360 · ltd · incorporated 2019-09-25
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 Sept 2024
Net worth
£-12.7k
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

16 live charges · 5 lenders · oldest 6.0y

15/100
under pressure

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

  • · Oldest live charge is 6.0 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £12,730

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£13k
Current Assets
£406
Current Liabilities
-£13k-£10k-£7k-£5k-£2k£406Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-302023-09-30
Total assets£511.4k
Current assets£406
Net assets£-12.7k
Average employees0

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-10-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-10-08
    🔒
    Charge registered #16
    Lender: Aldermore Bank PLC
  3. 2025-09-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-09-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-09-11
    🔓
    Charge satisfied #3
  7. 2025-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-06-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-06-12
    🔒
    Charge registered #15
    Lender: Fleet Mortgages Limited
  12. 2023-06-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-06-06
    🔒
    Charge registered #14
    Lender: Fleet Mortgages Limited
  14. 2023-06-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-06-02
    🔒
    Charge registered #13
    Lender: Charter Court Financial Services
  16. 2023-05-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2023-05-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2023-05-10
    🔓
    Charge satisfied #6
  19. 2023-05-10
    🔓
    Charge satisfied #5
  20. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2023-02-02
    🔒
    Charge registered #12
    Lender: Fleet Mortgages Limited
  24. 2023-02-02
    🔒
    Charge registered #11
    Lender: Fleet Mortgages Limited
  25. 2023-02-02
    🔒
    Charge registered #10
    Lender: Fleet Mortgages Limited
  26. 2023-01-23
    📄
    resolution
    resolution · RESOLUTIONS
  27. 2023-01-23
    📄
    resolution
    resolution · RESOLUTIONS
  28. 2023-01-23
    📄
    memorandum-articles
    incorporation · MA
  29. 2022-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  30. 2021-08-16
    🔒
    Charge registered #7
    Lender: Fleet Mortgages Limited
  31. 2021-08-06
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited (Co.Regn.No 2058813)
  32. 2021-08-06
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited (Co.Regn.No 2058813)
  33. 2021-06-04
    🔒
    Charge registered #4
    Lender: Charter Court Financial Services Limited
  34. 2021-04-15
    🔒
    Charge registered #3
    Lender: Charter Court Financial Services Limited
  35. 2020-10-09
    🔒
    Charge registered #9
    Lender: Charter Court Financial Services Limited
  36. 2020-10-09
    🔒
    Charge registered #8
    Lender: Charter Court Financial Services Limited
  37. 2020-10-01
    🔒
    Charge registered #2
    Lender: Charter Court Financial Services Limited
  38. 2020-06-30
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited
  39. 2019-09-25
    🏢
    Company incorporated
    As ABISLA WHITTLESEY LIMITED
  40. 2019-09-25
    MEREDITH, Sarah Jane appointed
    director

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 7 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 med · 1 low
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.

13 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Meredith
Individual · British · DOB 01/1982 · age 44
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/09/2019
1 historic (ceased) PSC
  • Mrs Sarah Jane Meredithceased 29/11/2019· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2019-09-25
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

25 Eye Road
Peterborough
PE1 4SA
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (1 active · 0 resigned)

MEREDITH, Sarah Jane
director · ~43y · appointed 2019-09-25
View their other companies + combined net worth →
Active

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

Mortgages & charges

16
Total charges
13
Outstanding
3
Active lenders
Status:Lender:16 of 16 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge3 properties08/10/2025
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property12/06/2023
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property06/06/2023
outstanding
Precise Mortgages
Charter Court Financial Services
A registered charge1 property02/06/2023
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property02/02/2023
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property02/02/2023
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property02/02/2023
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property16/08/2021
satisfied
Together Money
Together Commercial Finance Limited (Co.Regn.No 2058813)
A registered charge4 properties06/08/202110/05/2023
satisfied
Together Money
Together Commercial Finance Limited (Co.Regn.No 2058813)
A registered charge4 properties06/08/202110/05/2023
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property04/06/2021
satisfied
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property15/04/202111/09/2025
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property09/10/2020
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property09/10/2020
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property01/10/2020
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property30/06/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-11
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-02
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-10