ABLEY LETTINGS LIMITED

💤Zombieactive
13614060 · ltd · incorporated 2021-09-10
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
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Turnover
year to Sept 2025
Net worth
£67
book net assets
Opportunity
71/100
Strong
🔔
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What this business does

Day-to-day operations most likely involve letting and managing residential or commercial properties — either owned outright or leased and sub-let — handling tenancies, rent collection, and property maintenance as a small, owner-managed lettings business based in Spennymoor, County Durham.

Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 4.3y

20/100
under pressure

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

  • · Charge age ~4.3 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · 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
3 charges (3/3 with lender, 3/3 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
1 connected companies via shared directors
48
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £67
Net assets shrinking
Down £150 YoY
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
↓ 56% YoY
Net Worth
£67
↓ 69% YoY
Current Assets
£11k
↓ 56% YoY
Current Liabilities
£0£5k£10k£15k£20k£25kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets£113.8k£112.1k
Current assets£11.1k£25.4k
Cash£11.1k£25.4k
Net assets£67£217

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
1
filing
  • 1 resolution
Last 90 days
3
filings
  • 1 resolution
  • 1 accounts
  • 1 mortgage
Last 180 days
3
filings
  • 1 resolution
  • 1 accounts
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-05-09
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2026-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-04-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-03-27
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC, Birmingham Midshires Division
  5. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-05-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-04-29
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  8. 2024-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-03-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2022-02-18
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  12. 2021-09-10
    🏢
    Company incorporated
    As ABLEY LETTINGS LIMITED
  13. 2021-09-10
    ABLEY, Geoffrey David appointed
    director
  14. 2021-09-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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 name in company name: Company name contains director surname "ABLEY" — strong identity link between founder and business.

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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Geoffrey David Abley
Individual · British · DOB 09/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/09/2021

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
Incorporated2021-09-10
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

45-47 Cheapside
Spennymoor
Co. Durham
DL16 6QF
United Kingdom

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-23
Last: 2025-09-09

Officers (1 active · 0 resigned)

ABLEY, Geoffrey David
director · ~42y · appointed 2021-09-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC, Birmingham Midshires Division
A registered charge1 property27/03/2026
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property29/04/2024
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property18/02/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

resolution
resolution · RESOLUTIONS
2026-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-02
incorporation-company
incorporation · NEWINC
2021-09-10