ABSOLUTE MEDICALS LIMITED

💤Zombieactive
05277366 · ltd · incorporated 2004-11-03
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 Mar 2025
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 2.7y

10/100
under pressure

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

  • · Newest facility, 2.7 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 5 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
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Average employees100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-05-29
    WELCH, Christopher Jonathan appointed
    director
  3. 2025-05-29
    RIDLEY, Philip Ian resigned
    director
  4. 2025-05-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-05-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-05-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-04-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2024-01-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2023-09-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2023-09-07
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  11. 2023-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2022-01-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2021-01-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2020-02-25
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2019-07-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2018-07-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2017-06-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2016-10-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2010-04-07
    DIAS, James Curry resigned
    director
  20. 2010-04-07
    RIDLEY, Philip Ian appointed
    director
  21. 2010-04-07
    WALKER, Andrew Kirk resigned
    director
  22. 2008-09-25
    STANGER-LEATHES, Angela Ellen resigned
    secretary
  23. 2008-09-25
    STANGER-LEATHES, Christopher John resigned
    director
  24. 2008-09-25
    WALKER, Andrew Kirk appointed
    director
  25. 2008-09-05
    DIAS, James Curry appointed
    director
  26. 2004-11-03
    🏢
    Company incorporated
    As ABSOLUTE MEDICALS LIMITED
  27. 2004-11-03
    STANGER-LEATHES, Angela Ellen appointed
    secretary
  28. 2004-11-03
    STANGER-LEATHES, Christopher John appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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.)

Group structure

Maymask (158) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Maymask (158) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ABSOLUTE MEDICALS LIMITED
This company · 05277366

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%
NameSharesVoting rightsNature of controlNotified
Maymask (158) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Philip Ian Ridleyceased 29/05/2025· significant influence

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

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
Incorporated2004-11-03
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

The Cube
Barrack Road
Newcastle Upon Tyne
NE4 6DB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-11
Last: 2026-03-28

Officers (1 active · 5 resigned)

WELCH, Christopher Jonathan
director · ~61y · appointed 2025-05-29
View their other companies + combined net worth →
Active
STANGER-LEATHES, Angela Ellen
secretary · appointed 2004-11-03 · resigned 2008-09-25
Resigned
DIAS, James Curry
director · ~78y · appointed 2008-09-05 · resigned 2010-04-07
Resigned
RIDLEY, Philip Ian
director · ~64y · appointed 2010-04-07 · resigned 2025-05-29
Resigned
STANGER-LEATHES, Christopher John
director · ~76y · appointed 2004-11-03 · resigned 2008-09-25
Resigned
WALKER, Andrew Kirk
director · ~67y · appointed 2008-09-25 · resigned 2010-04-07
Resigned

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
HSBC
Hsbc UK Bank PLC
A registered charge07/09/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

accounts-with-accounts-type-small
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-29
termination-director-company-with-name-termination-date
officers · TM01
2025-05-29
appoint-person-director-company-with-name-date
officers · AP01
2025-05-29
accounts-with-accounts-type-small
accounts · AA
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-small
accounts · AA
2024-01-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-small
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
accounts-with-accounts-type-small
accounts · AA
2022-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06