RED ABACUS LIMITED
Company number 07519252 · Monitor this company
Executive summary
RED ABACUS LIMITED presents a paradoxical financial picture: a healthy balance sheet with nearly £900,000 in net assets, yet critically low cash reserves of just £13,277 – a 98% decline from 2017 levels. The company's property investment model generates steady equity growth, but its circulatory system (cash flow) is severely constrained, with 97% of current assets tied up in uncertain debtor balances. The high gearing ratio of 149% and reliance on director property valuations add further risk factors. Immediate attention to cash management and debtor collection is essential to prevent this stable but cash-starved patient from deteriorating into financial distress.
Shareholders' funds
£841,767
Balance sheet as at 2026-02-28
Overview
- Company type
- Private Limited Company
- Incorporated
- 2011-02-07
- Employees
- 0 (2026 accounts)
- Registered office
- Exchange House, St. Cross Lane, Newport, Isle Of Wight, United Kingdom, PO30 5BZ
- Postcode
- PO30 5BZ
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2026-02-28
- Next due by
- 2027-11-30
- Financial year end
- 29 February
Confirmation statement
- Last statement dated
- 2026-02-07
- Next due by
- 2027-02-21
Nature of business (SIC)
- 68209 Other letting and operating of own or leased real estate
Officers 1 current · 2 resigned
Group structure
Controlled by SOROBAN BLACK LIMITED — since 2026-07-08
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| VECTIS 680 LIMITED | 2011-05-09 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 2 NEW ROAD, BRADING, SANDOWN, ISLE OF WIGHT, PO36 0DT | 2015-06-17 |
Among its peers
Top 10%
by shareholders' funds, of 2,318 similar companies in PO
Among the oldest 25% of its local peers, trading since 2011.
Competitors Portsmouth
This company ranks 220 among other letting and operating of own or leased real estate in Portsmouth.
The class of 2011
62%
of the 4,900 companies in this sector incorporated in 2011 are still active today; 36% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 3 titles
- Freehold
- 3
- Most recent registration
- 2014-08-04
- Where
- Oxfordshire (3)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| ON223124 | Oxfordshire | Freehold | 2014-08-04 | — |
| ON6140 | Oxfordshire | Freehold | 2012-06-07 | — |
| ON302440 | Oxfordshire | Freehold | 2012-05-29 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.