ABP 1 LIMITED
🌿Early-stageactive
13444801 · ltd · incorporated 2021-06-08
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 62/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 4.8y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.8 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (41 events)Click to expand
- 2025-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-07➕GREENMAN, Harvey Jonathan Gerald appointeddirector
- 2025-08-07➖BELL, Andrew Michael resigneddirector
- 2025-08-07➖COOK, Katherine Georgina resigneddirector
- 2025-08-07📄accounts-with-accounts-type-smallaccounts · AA
- 2025-03-31📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-18📄accounts-with-accounts-type-smallaccounts · AA
- 2024-02-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-09🔓Charge satisfied #3
- 2024-02-09🔓Charge satisfied #2
- 2024-02-09🔓Charge satisfied #1
- 2024-02-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-02-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-03📄resolutionresolution · RESOLUTIONS
- 2024-02-03📄memorandum-articlesincorporation · MA
- 2024-01-30🔒Charge registered #4Lender: Natwest Markets PLC (As Security Agent)
- 2024-01-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-01➕COOK, Katherine Georgina appointedsecretary
- 2024-01-01➕GILL, Stephen Leslie appointeddirector
- 2024-01-01➕COOK, Katherine Georgina appointeddirector
- 2024-01-01➖MURRAY, Michael resigneddirector
- 2024-01-01➖RIGBY, Steven Paul resigneddirector
- 2021-10-29🔒Charge registered #3Lender: National Westminster Bank PLC
- 2021-10-29🔒Charge registered #2Lender: National Westminster Bank PLC
- 2021-07-13🔒Charge registered #1Lender: Rigby Group (Rg) PLC
- 2021-06-08🏢Company incorporatedAs ABP 1 LIMITED
- 2021-06-08➕BELL, Andrew Michael appointeddirector
- 2021-06-08➕MURRAY, Michael appointeddirector
- 2021-06-08➕RIGBY, Steven Paul appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BELL, Andrew Michael resigned 2025-08-07; COOK, Katherine Georgina resigned 2025-08-07
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Regional & City Airports (Investments) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Regional & City Airports (Investments) Limited
Corporate parent · holds 75-100% shares · board control
⬇
ABP 1 LIMITED
This company · 13444801
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Regional & City Airports (Investments) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/01/2024 |
1 historic (ceased) PSC
- Regional & City Airports Group Limitedceased 30/01/2024· 75-100% shares · 75-100% 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 →Similar companies
Active · Property · EX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 & 2 VICTORIA STREET AMENITY LIMITED→ 04920334 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 1 MOVE AHEAD PROPERTY MANAGEMENT LTD→ 16977350 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1008 PROPERTY LTD→ 10869542 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 125 PROPERTIES LTD→ 12566762 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 130 TAUNTON ROAD LIMITED→ 12716244 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1633 ENTERPRISES LIMITED→ 14094848 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 17 AND 18 RICHMOND ROAD EXETER MANAGEMENT COMPANY LIMITED→ 03109420 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| 18LM LTD→ 14842367 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 19 VPR LIMITED→ 08575331 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 2 BRYANTWOOD ROAD RTM COMPANY LIMITED→ 07313242 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 2 PENNSYLVANIA PARK LTD→ 07419930 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 2 QUEEN ANNES HIGH STREET (BIDEFORD) MANAGEMENT COMPANY LIMITED→ 05962980 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
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
Incorporated2021-06-08
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Airport House
Exeter Airport
Exeter
Devon
EX5 2BD
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31
Officers (3 active · 4 resigned)
COOK, Katherine Georgina→
Activesecretary · appointed 2024-01-01
View their other companies + combined net worth →
GILL, Stephen Leslie→
Activedirector · ~62y · appointed 2024-01-01
View their other companies + combined net worth →
GREENMAN, Harvey Jonathan Gerald→
Activedirector · ~57y · appointed 2025-08-07
View their other companies + combined net worth →
BELL, Andrew Michael→
Resigneddirector · ~47y · appointed 2021-06-08 · resigned 2025-08-07
COOK, Katherine Georgina→
Resigneddirector · ~47y · appointed 2024-01-01 · resigned 2025-08-07
MURRAY, Michael→
Resigneddirector · ~56y · appointed 2021-06-08 · resigned 2024-01-01
RIGBY, Steven Paul→
Resigneddirector · ~54y · appointed 2021-06-08 · resigned 2024-01-01
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Natwest Markets PLC (As Security Agent) | A registered charge | 1 property | 30/01/2024 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 5 properties | 29/10/2021 | 09/02/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 29/10/2021 | 09/02/2024 | |
| satisfied | Rigby Group (Rg) Rigby Group (Rg) PLC | A registered charge | 4 properties | 13/07/2021 | 09/02/2024 |
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
2026-04-12
appoint-person-director-company-with-name-date
officers · AP01
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-08-14
accounts-with-accounts-type-small
accounts · AA
2025-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
change-person-director-company-with-change-date
officers · CH01
2025-03-31
change-person-director-company-with-change-date
officers · CH01
2025-02-25
change-person-director-company-with-change-date
officers · CH01
2024-10-21
accounts-with-accounts-type-small
accounts · AA
2024-08-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-05