2XL YACHT RACING LIMITED

💤Zombieactive

03893430 · ltd · incorporated 1999-12-13

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

£263.9k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other amusement and recreation activities n.e.c.

Sector: Arts, entertainment & recreation

Investor take

Pursue

Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 63). 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

2 live charges · oldest 26.4y

45/100

under pressure

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

· Oldest live charge is 26.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (1 active, 7 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

81 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red 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 £263,882

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£264k

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£573	£573
Net assets	£263.9k	£263.9k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2026-01-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-12-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-11-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2015-12-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2011-06-29
➖
PAYNE, Susan Margaret Law resigned
secretary
2008-02-14
🔓
Charge satisfied #2
2008-02-14
🔓
Charge satisfied #1
2006-08-14
➖
AYCINENA, Kitty Lorna resigned
secretary
2006-08-14
➕
PAYNE, Susan Margaret Law appointed
secretary
2000-09-12
➖
GREENFIELD, Stuart Gorick resigned
secretary
2000-09-12
➖
GREENFIELD, Stuart Gorick resigned
director
2000-09-11
➕
AYCINENA, Kitty Lorna appointed
secretary
2000-03-03
🔒
Charge registered #2
Lender: Lombard North Central PLC
1999-12-29
🔒
Charge registered #1
Lender: Lombard North Central PLC
1999-12-22
➕
MURRIN, David Paul appointed
director
1999-12-22
➕
GREENFIELD, Stuart Gorick appointed
secretary
1999-12-22
➕
GREENFIELD, Stuart Gorick appointed
director
1999-12-13
🏢
Company incorporated
As 2XL YACHT RACING LIMITED
1999-12-13
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
1999-12-13
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
1999-12-13
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director
1999-12-13
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director

Owner dependency

93/100

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.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Paul Murrin Individual · British · DOB 04/1963 · age 63	75–100%	—	75-100% shares	20/11/2017
Mr David Paul Murrin Individual · British · DOB 04/1963 · age 63	75–100%	75–100%	75-100% shares · 75-100% voting	01/07/2016

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

Active · Leisure & entertainment · GU postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
1BRELLA LIMITED→ 15172546 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
21MILLION PRODUCTION LTD→ 10837008 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
28 SPORTS MANAGEMENT LIMITED→ 11281957 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
9 YARDS ENTERTAINMENT LTD→ 14884385 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
9 YARDS EVENTS CIC→ 16281984 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
A & H GO-KARTS LTD→ 06907322 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
ABBOTTS TRAVEL LIMITED→ 15162695 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ABOUT AFRICA LIMITED→ 02940287 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
ABOUT SPORTS UK LIMITED→ 07743188 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ACCESS FASHION LTD→ 08581213 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
ACCESS HOSPITALITY LTD→ 15586490 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACT 5 ARTS LTD→ 17108143 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1999-12-13

Jurisdictionengland-wales

Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

The Mill

Blackdown

Haslemere

GU27 3BU

England

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-01

Last: 2025-11-17

Officers (1 active · 6 resigned)

MURRIN, David Paul→

director · ~63y · appointed 1999-12-22

View their other companies + combined net worth →

Active

AYCINENA, Kitty Lorna→

secretary · appointed 2000-09-11 · resigned 2006-08-14

Resigned

GREENFIELD, Stuart Gorick→

secretary · appointed 1999-12-22 · resigned 2000-09-12

Resigned

PAYNE, Susan Margaret Law→

secretary · appointed 2006-08-14 · resigned 2011-06-29

Resigned

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 1999-12-13 · resigned 1999-12-13

Resigned

GREENFIELD, Stuart Gorick→

director · ~66y · appointed 1999-12-22 · resigned 2000-09-12

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 1999-12-13 · resigned 1999-12-13

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lombard North Central Lombard North Central PLC	Marine mortgage	1 property	03/03/2000	14/02/2008
	satisfied	Lombard North Central Lombard North Central PLC	Marine mortgage	1 property	29/12/1999	14/02/2008