AB PROPCO LIMITED

💤Zombieactive
14022404 · ltd · incorporated 2022-04-04
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 Apr 2025
Net worth
£7.99M
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 67/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 3.2y

35/100
under pressure

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

  • · Charge age ~3.2 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
3 active PSC(s) of 6 total, 6 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
28 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
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £7,993,843
Cash YoY
+250%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£114k
↑ 250% YoY
Net Worth
£8.0m
~ YoY
Current Assets
£922k
↑ 321% YoY
Current Liabilities
£0£1.6m£3.2m£4.8m£6.4m£8.0mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£10.81M£10.76M
Current assets£921.7k£219.1k
Cash£113.7k£32.4k
Debtors£808.0k£186.7k
Net assets£7.99M£7.94M

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 (24 events)Click to expand
  1. 2026-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-04-28
    🔒
    Charge registered #1
    Lender: Shawbrook Bank Limited
  6. 2022-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2022-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2022-08-15
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2022-08-11
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2022-08-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-08-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2022-08-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-08-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2022-08-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2022-08-11
    📄
    memorandum-articles
    incorporation · MA
  17. 2022-08-11
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2022-08-01
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  19. 2022-08-01
    📄
    legacy
    capital · SH20
  20. 2022-08-01
    ⚠️
    legacy
    insolvency · CAP-SS
  21. 2022-08-01
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2022-07-31
    📄
    capital-allotment-shares
    capital · SH01
  23. 2022-04-04
    🏢
    Company incorporated
    As AB PROPCO LIMITED
  24. 2022-04-04
    NETTLETON, Andrew Paul 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 ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-08-01: legacy

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Andrew Paul Nettleton
Individual · British · DOB 12/1969 · age 57
2550%
25–50%25-50% shares · 25-50% voting29/07/2022
Mr John Christopher Nettleton
Individual · British · DOB 11/1940 · age 86
2550%
25–50%25-50% shares · 25-50% voting · trust interest29/07/2022
Mrs Marie-Louise Anne Nettleton
Individual · British · DOB 06/1942 · age 84
2550%
25–50%25-50% shares · 25-50% voting · trust interest29/07/2022
3 historic (ceased) PSCs
  • Mrs Marie Louise Anne Nettletonceased 29/07/2022· 25-50% shares · 25-50% voting
  • Mr John Christopher Nettletonceased 29/07/2022· 25-50% shares · 25-50% voting
  • Mr Andrew Paul Nettletonceased 29/07/2022· 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 →

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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
Incorporated2022-04-04
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Gables House 62 Kenilworth Road
Leamington Spa
United Kingdom
CV32 6JX
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-17
Last: 2026-04-03

Officers (1 active · 0 resigned)

NETTLETON, Andrew Paul
director · ~57y · appointed 2022-04-04
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties28/04/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-22
resolution
resolution · RESOLUTIONS
2022-08-15
capital-name-of-class-of-shares
capital · SH08
2022-08-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-11