ABAS DEVELOPMENTS LIMITED
🌿Early-stageactive
13982446 · ltd · incorporated 2022-03-16
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
—
year to Mar 2025
Net worth
£33.8k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 62/100. 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 (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 3.4y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~3.4 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 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 · accounting standard not declaredPositive net assets
Net assets £33,792
Net assets shrinking
Down £5,537 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£34k
↓ 14% YoY
Current Assets
£60k
↑ 10% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £392.9k | £387.4k |
| Current assets | £59.7k | £54.2k |
| Net assets | £33.8k | £39.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2026-03-13📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-16🔒Charge registered #3Lender: Aldermore Bank PLC
- 2023-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-24🔒Charge registered #2Lender: Hampshire Trust Bank PLC
- 2023-03-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-28🔒Charge registered #1Lender: Kensington Mortgage Company Limited
- 2022-03-16🏢Company incorporatedAs ABAS DEVELOPMENTS LIMITED
- 2022-03-16➕BINNS, Andrew John appointeddirector
- 2022-03-16➕SPALDING, Allen Brad appointeddirector
- 2022-03-16📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Binns Individual · British · DOB 11/1985 · age 41 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/03/2022 |
Mr Allen Brad Spalding Individual · British · DOB 09/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/03/2022 |
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 · BD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 401 CHAPTER ROAD LIMITED→ 14414338 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 55 WELTJE ROAD LTD→ 10772716 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| A4 AHEAD4... LTD→ 10860513 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AADD GROUP LTD→ 10136470 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AAH REAL ESTATE LTD→ 15134314 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AASB GROUP LTD→ 12689691 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AAYAT & CO LIMITED→ 16690974 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABBEYBROOK PROPERTY HOLDINGS LTD→ 15491645 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ABDULLA PROPERTIES LIMITED→ 16292446 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABDULLAHS BALTI LIMITED→ 04029572 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ABEDIN REAL ESTATE LIMITED→ 13393016 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABID IQBAL LIMITED→ 07326688 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
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
Incorporated2022-03-16
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
15 Thornton Road
Queensbury
Bradford
BD13 1PF
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11
Officers (2 active · 0 resigned)
BINNS, Andrew John→
Activedirector · ~41y · appointed 2022-03-16
View their other companies + combined net worth →
SPALDING, Allen Brad→
Activedirector · ~43y · appointed 2022-03-16
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 16/01/2024 | — | |
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | 1 property | 24/03/2023 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 28/02/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (13 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-13
change-person-director-company-with-change-date
officers · CH01
2026-03-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-02
incorporation-company
incorporation · NEWINC
2022-03-16