ABICA LIMITED
⚰️Wound downdissolved
SC205544 · ltd · incorporated 2000-03-28
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
55/100
Worth a look
What this business does
Primary activity: Other telecommunications activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 55/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 63). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
12 live charges · 6 lenders · oldest 25.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 25.5 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (61/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
155 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
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 (75 events)Click to expand
- 2023-09-19📄gazette-dissolved-compulsorygazette · GAZ2
- 2023-09-19🏁Company dissolved
- 2023-07-04📄gazette-notice-compulsorygazette · GAZ1
- 2023-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-30➖LEE, David resigneddirector
- 2023-04-28📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-04-28📄legacycapital · SH20
- 2023-04-28⚠️legacyinsolvency · CAP-SS
- 2023-04-28📄resolutionresolution · RESOLUTIONS
- 2023-04-27➕ASHTON, Andrew Charles appointeddirector
- 2021-09-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-08-24📄gazette-notice-compulsorygazette · GAZ1
- 2021-01-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-04➕LEE, David appointeddirector
- 2020-12-24➖BRADLEY, Richard resigneddirector
- 2020-12-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-22📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-05-31➖GIBBONS, Paul Joseph resigneddirector
- 2020-05-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-04-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-27➕BRADLEY, Richard appointeddirector
- 2020-02-17📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2020-02-17📄legacycapital · SH20
- 2020-02-17⚠️legacyinsolvency · CAP-SS
- 2020-02-17📄resolutionresolution · RESOLUTIONS
- 2020-01-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-17🔓Charge satisfied #12
- 2020-01-17🔓Charge satisfied #11
- 2020-01-17🔓Charge satisfied #10
- 2020-01-17🔓Charge satisfied #9
- 2020-01-17🔓Charge satisfied #8
- 2020-01-17🔓Charge satisfied #7
- 2020-01-17🔓Charge satisfied #6
- 2019-01-16🔒Charge registered #12Lender: Lloyds Bank PLC (As Security Agent)
- 2018-12-13➕RUSSELL, Christopher John appointeddirector
- 2018-12-13➖BARNETT, Gregory Damian resigneddirector
- 2018-12-13➕GIBBONS, Paul Joseph appointeddirector
- 2018-12-13➖MUNRO, David resigneddirector
- 2018-12-13🔒Charge registered #11Lender: Christopher Russell (As Security Trustee)
- 2018-12-13🔒Charge registered #10Lender: Christopher Russell (As Security Trustee)
- 2018-12-13🔒Charge registered #9Lender: Lloyds Bank PLC (As Security Agent)
- 2018-12-13🔒Charge registered #8Lender: Lloyds Bank PLC (As Security Agent)
- 2018-12-13🔒Charge registered #7Lender: Growth Capital Partners Nominees Limited as Security Trustee
- 2018-12-13🔒Charge registered #6Lender: Growth Capital Partners Nominees Limited as Security Trustee
- 2018-12-10🔓Charge satisfied #3
- 2018-11-26🔓Charge satisfied #4
- 2014-06-07🔓Charge satisfied #5
- 2012-01-10🔒Charge registered #5Lender: Gamma Telecom Limited
Showing most recent 50 of 75 events
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 63 — approaching natural succession window.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-09-19
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-04-28: legacy; 2020-02-17: legacy
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
Arrow Business Communications Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Arrow Business Communications Limited
Corporate parent · holds 75-100% shares · board control
⬇
ABICA LIMITED
This company · SC205544
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 |
|---|---|---|---|---|
Arrow Business Communications Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 13/12/2018 |
1 historic (ceased) PSC
- Mr David Munroceased 13/12/2018· 25-50% shares
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
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|---|---|---|---|---|---|---|---|
| BIP SOLUTIONS LIMITED→ SC086146 · est 1984 | £10.24M £7.31M–£13.17M | — | — | 137 | 42y | 83 | 79y |
| BLACKBAUD EUROPE LTD.→ SC212593 · est 2000 | £3.33M £2.38M–£4.28M | £23.77M | — | 12000 | 25y | 84 | 64y |
| ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002 | £409.8k £292.7k–£526.9k | £6.88M | — | 0 | 24y | 83 | 60y |
| ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004 | — | — | — | 500 | 21y | 83 | 61y |
| APERTA LIMITED→ SC136758 · est 1992 | — | — | £13.46M | — | 34y | 83 | 75y |
| CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992 | — | — | £451.3k | — | 33y | 83 | 77y |
| CRAB APPLE FILMS LIMITED→ SC242643 · est 2003 | — | — | — | 200 | 23y | 83 | 64y |
| CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 78y |
| E-MAX SYSTEMS LIMITED→ SC189614 · est 1998 | — | — | £290.8k | — | 27y | 83 | 76y |
| ELASTIC CREATIVE LTD.→ SC203930 · est 2000 | — | — | £20.1k | — | 26y | 83 | 58y |
| EURITEC LIMITED→ SC132746 · est 1991 | — | — | £2.4k | — | 34y | 83 | 77y |
| EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted | — | — | — | — | 16y | 83 | 67y |
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
Statusdissolved
Typeltd
Incorporated2000-03-28
Jurisdictionscotland
Primary SIC61900 — Other telecommunications activities
Registered office
Lumina Building 40 Ainslie Road
Hillington Park
Glasgow
G52 4RU
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 13 resigned)
ASHTON, Andrew Charles→
Activedirector · ~63y · appointed 2023-04-27
View their other companies + combined net worth →
RUSSELL, Christopher John→
Activedirector · ~55y · appointed 2018-12-13
View their other companies + combined net worth →
ALLISON, Andrew Scott→
Resignedsecretary · appointed 2006-04-18 · resigned 2009-09-30
HMS SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-03-28 · resigned 2006-04-18
ALLISON, Andrew Scott→
Resigneddirector · ~50y · appointed 2000-04-11 · resigned 2009-09-30
BARNETT, Gregory Damian→
Resigneddirector · ~50y · appointed 2006-02-24 · resigned 2018-12-13
BRADLEY, Richard→
Resigneddirector · ~45y · appointed 2020-03-27 · resigned 2020-12-24
CONWELL, Christopher Timothy→
Resigneddirector · ~60y · appointed 2000-11-30 · resigned 2006-02-24
GIBBONS, Paul Joseph→
Resigneddirector · ~58y · appointed 2018-12-13 · resigned 2020-05-31
HAAS, Athol Peter→
Resigneddirector · ~51y · appointed 2006-02-24 · resigned 2008-04-04
LEE, David→
Resigneddirector · ~52y · appointed 2021-01-04 · resigned 2023-04-30
MATTHEWS, Roderick Alfred→
Resigneddirector · ~83y · appointed 2008-10-31 · resigned 2009-09-30
MUNRO, David→
Resigneddirector · ~54y · appointed 2006-02-24 · resigned 2018-12-13
HMS DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2000-03-28 · resigned 2000-04-11
HMS SECRETARIES LIMITED→
Resignedcorporate-nominee-director · appointed 2000-03-28 · resigned 2000-04-11
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
0
Outstanding
0
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC (As Security Agent) | A registered charge | — | 16/01/2019 | 17/01/2020 | |
| satisfied | Christopher Russell (As Security Trustee) | A registered charge | — | 13/12/2018 | 17/01/2020 | |
| satisfied | Christopher Russell (As Security Trustee) | A registered charge | — | 13/12/2018 | 17/01/2020 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC (As Security Agent) | A registered charge | — | 13/12/2018 | 17/01/2020 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC (As Security Agent) | A registered charge | — | 13/12/2018 | 17/01/2020 | |
| satisfied | Growth Capital Partners Nominees as Security Trustee Growth Capital Partners Nominees Limited as Security Trustee | A registered charge | 1 property | 13/12/2018 | 17/01/2020 | |
| satisfied | Growth Capital Partners Nominees as Security Trustee Growth Capital Partners Nominees Limited as Security Trustee | A registered charge | 1 property | 13/12/2018 | 17/01/2020 | |
| satisfied | Gamma Telecom Gamma Telecom Limited | Short form debenture | 1 property | 10/01/2012 | 07/06/2014 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 18/03/2008 | 26/11/2018 | |
| satisfied | HSBC Hsbc Bank PLC | Standard security | 1 property | 04/04/2007 | 10/12/2018 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 04/12/2000 | 08/12/2004 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 16/11/2000 | 15/06/2004 |
Recent filings (155 total)
gazette-dissolved-compulsory
gazette · GAZ2
2023-09-19
gazette-notice-compulsory
gazette · GAZ1
2023-07-04
termination-director-company-with-name-termination-date
officers · TM01
2023-05-17
appoint-person-director-company-with-name-date
officers · AP01
2023-05-04
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-04-28
legacy
capital · SH20
2023-04-28
legacy
insolvency · CAP-SS
2023-04-28
resolution
resolution · RESOLUTIONS
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-14
gazette-notice-compulsory
gazette · GAZ1
2021-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16
appoint-person-director-company-with-name-date
officers · AP01
2021-01-07
termination-director-company-with-name-termination-date
officers · TM01
2020-12-24