ABACUS NURSERY LIMITED
Opportunity 72/100 (strong), bankability 67/100. 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
5 live charges · 3 lenders · oldest 28.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Average employees | 0 | -200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (40 events)Click to expand
- 2025-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-04-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-04-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-04-13📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-06📄gazette-notice-compulsorygazette · GAZ1
- 2020-10-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-10-29📄gazette-notice-compulsorygazette · GAZ1
- 2019-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-08-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2017-10-14🔓Charge satisfied #3
- 2017-10-14🔓Charge satisfied #2
- 2017-10-14🔓Charge satisfied #1
- 2017-04-13🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2017-04-07➕WALTERS, Christina Stella appointeddirector
- 2017-04-07➕WILSON, Victoria Thalia appointeddirector
- 2017-04-07➖ARMIT, Adam Price resignedsecretary
- 2017-04-07➖ARMIT, Adam Price resigneddirector
- 2017-04-07➖ARMIT, Frances resigneddirector
- 2017-04-07🔒Charge registered #4Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2007-10-01🔒Charge registered #3Lender: Lancashire Mortgage Corporation Limited
- 1997-09-26🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1997-08-22🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1996-08-08🏢Company incorporatedAs ABACUS NURSERY LIMITED
- 1996-08-08➕ARMIT, Adam Price appointedsecretary
- 1996-08-08➕COSEC LIMITED appointedcorporate-nominee-secretary
- 1996-08-08➖COSEC LIMITED resignedcorporate-nominee-secretary
- 1996-08-08➕ARMIT, Adam Price appointeddirector
- 1996-08-08➕ARMIT, Frances appointeddirector
- 1996-08-08➕CODIR LIMITED appointedcorporate-nominee-director
- 1996-08-08➖CODIR LIMITED resignedcorporate-nominee-director
- 1996-08-08➕COSEC LIMITED appointedcorporate-nominee-director
- 1996-08-08➖COSEC LIMITED resignedcorporate-nominee-director
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 30 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Genesis (J & T) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Genesis (J & T) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/04/2017 |
2 historic (ceased) PSCs
- Mr Adam Price Armitceased 07/04/2017· 25-50% shares
- Frances Armitceased 07/04/2017· 50-75% shares · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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|---|---|---|---|---|---|---|---|
| CLYDE STRENGTH LTD→ SC873978 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| DRIVE SAFE TO PASS LTD→ SC868054 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DRIVE WITH JANE LTD→ SC752730 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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6 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 →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
Registered office
Filing status
Officers (2 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 13/04/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 07/04/2017 | — | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | Standard security | 1 property | 01/10/2007 | 14/10/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 26/09/1997 | 14/10/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 22/08/1997 | 14/10/2017 |