AI ABACUS LTD
💤Zombieactive
12563172 · ltd · incorporated 2020-04-20
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 Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
- 62020Information technology consultancy activities
Investor take
PursueActive trading company with a 77-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 77). 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
1 live charge · oldest 6.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|
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
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-08-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-11📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-11📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-01➖MCNEILL, Barry Paul resigneddirector
- 2023-01-01➖NEILSON, Paul, Dr resigneddirector
- 2022-11-03📄capital-allotment-sharescapital · SH01
- 2022-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-31📄memorandum-articlesincorporation · MA
- 2021-09-21📄capital-allotment-sharescapital · SH01
- 2021-07-15➖REGAN, Stewart Michael resigneddirector
- 2021-07-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-01-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-16📄capital-allotment-sharescapital · SH01
- 2020-12-14📄resolutionresolution · RESOLUTIONS
- 2020-10-24➕NEILSON, Paul, Dr appointeddirector
- 2020-06-09➕MCNEILL, Barry Paul appointeddirector
- 2020-06-09➕REGAN, Stewart Michael appointeddirector
- 2020-06-08🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) (Company Number SC001111)
- 2020-04-20🏢Company incorporatedAs AI ABACUS LTD
- 2020-04-20➕MYLVAGANAM, Ramanan Wigneswaran appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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 77 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ramanan Wigneswaran Mylvaganam Individual · British · DOB 05/1949 · age 77 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/04/2020 |
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 →Similar companies
Active · Technology · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J INTELLIGENCE SOLUTIONS LTD→ 11085364 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ACUMEN SYSTEMS LIMITED→ 10262184 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADVOCATE TECHNOLOGY LTD→ 17117198 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AFP TECHNOLOGY LIMITED→ 12210771 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AFTO TECH LIMITED→ 11573766 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AGENT NEST LTD→ 16862647 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGILE AND LEAN PROMOTERS LTD→ 13576454 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AGILE CODERS LTD→ 11017919 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AGILE IT & SOFTWARE LIMITED→ 10042911 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AI DYNAMICS SUPPORT LTD→ 16258872 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AI FITNESS LTD→ 15098960 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AI GENIE ASSIST LTD→ 16108610 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2020-04-20
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
Chestnut House The Ridge
Linton
Wetherby
LS22 4HJ
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-07
Last: 2025-09-23
Officers (1 active · 3 resigned)
MYLVAGANAM, Ramanan Wigneswaran→
Activedirector · ~77y · appointed 2020-04-20
View their other companies + combined net worth →
MCNEILL, Barry Paul→
Resigneddirector · ~50y · appointed 2020-06-09 · resigned 2023-01-01
NEILSON, Paul, Dr→
Resigneddirector · ~48y · appointed 2020-10-24 · resigned 2023-01-01
REGAN, Stewart Michael→
Resigneddirector · ~62y · appointed 2020-06-09 · resigned 2021-07-15
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 08/06/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (34 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-11
termination-director-company-with-name-termination-date
officers · TM01
2023-01-11
termination-director-company-with-name-termination-date
officers · TM01
2023-01-11
change-person-director-company-with-change-date
officers · CH01
2023-01-11
change-person-director-company-with-change-date
officers · CH01
2023-01-11
capital-allotment-shares
capital · SH01
2022-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
memorandum-articles
incorporation · MA
2021-12-31