ABZORB.IT LTD

🚨Distressedactive
12547437 · ltd · incorporated 2020-04-06
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2024
Net worth
£-140.7k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Other education n.e.c.
Sector: Education
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

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
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £140,713
Net assets shrinking
Down £270,206 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£141k
↓ 209% YoY
Current Assets
Current Liabilities
-£141k-£87k-£33k£21k£75k£129kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-03-312023-03-31
Total assets£-140.7k£129.5k
Current assets£300
Net assets£-140.7k£129.5k

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-04-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2023-04-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-02-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2022-07-06
    ORANA CORPORATE LLP resigned
    corporate-secretary
  10. 2022-07-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2021-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-04-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2021-04-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-03-24
    HOGAN, Robert James resigned
    director
  16. 2021-02-16
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  17. 2021-02-15
    ORANA CORPORATE LLP appointed
    corporate-secretary
  18. 2021-01-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2021-01-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2021-01-07
    HOGAN, Robert James appointed
    director
  21. 2021-01-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2021-01-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2021-01-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2020-07-02
    DOWLING, Barnaby Theodore resigned
    director
  25. 2020-04-06
    🏢
    Company incorporated
    As ABZORB.IT LTD
  26. 2020-04-06
    SLADE, Michael Charles appointed
    director
  27. 2020-04-06
    DOWLING, Barnaby Theodore appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Group structure

Retainit Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Retainit Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ABZORB.IT LTD
This company · 12547437

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Retainit Holdings Ltd
Corporate entity
75100%
75-100% shares08/01/2021
2 historic (ceased) PSCs
  • Mr Michael Charles Sladeceased 08/01/2021· 25-50% shares · 25-50% voting · board control
  • Mr Barnaby Theodore Dowlingceased 02/07/2020· 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

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
Incorporated2020-04-06
Jurisdictionengland-wales
Primary SIC85590 — Other education n.e.c.

Registered office

4th Floor, Silverstream House
Fitzroy Street
London
W1T 6EB
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15

Officers (1 active · 3 resigned)

SLADE, Michael Charles
director · ~34y · appointed 2020-04-06
View their other companies + combined net worth →
Active
ORANA CORPORATE LLP
corporate-secretary · appointed 2021-02-15 · resigned 2022-07-06
Resigned
DOWLING, Barnaby Theodore
director · ~32y · appointed 2020-04-06 · resigned 2020-07-02
Resigned
HOGAN, Robert James
director · ~40y · appointed 2021-01-07 · resigned 2021-03-24
Resigned

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

Recent filings (29 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-15
change-person-director-company-with-change-date
officers · CH01
2023-04-14
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
gazette-notice-compulsory
gazette · GAZ1
2023-02-28
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-26