4 PLAY RECORDINGS LIMITED

💤Zombieactive
04585942 · ltd · incorporated 2002-11-08
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 Nov 2024
Net worth
£-46.5k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Sound recording and music publishing activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £46,484
Cash draining
Cash down 47% YoY
Cash YoY
-47%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 47% YoY
Net Worth
-£46k
↓ 3.5% YoY
Current Assets
£12k
↓ 30% YoY
Current Liabilities
—
-£46k-£34k-£21k-£8k£5k£17kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£-46.5k£-44.9k
Current assets£12.2k£17.4k
Cash£5.2k£9.9k
Net assets£-46.5k£-44.9k

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

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-07-12
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2025-07-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-07-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-12
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2019-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2003-05-11
    ➖
    PATEL, Bhavik resigned
    director
  16. 2002-11-21
    ➕
    PATEL, Bhavik appointed
    director
  17. 2002-11-11
    ➕
    MADHANI, Snehlata appointed
    secretary
  18. 2002-11-11
    ➕
    MADHANI, Rishi Rikin appointed
    director
  19. 2002-11-08
    🏢
    Company incorporated
    As 4 PLAY RECORDINGS LIMITED
  20. 2002-11-08
    ➕
    HCS SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  21. 2002-11-08
    ➖
    HCS SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  22. 2002-11-08
    ➕
    HANOVER DIRECTORS LIMITED appointed
    corporate-nominee-director
  23. 2002-11-08
    ➖
    HANOVER DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Rishi Rikin Madhani
Individual · British · DOB 03/1980 · age 46
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest08/11/2016

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 →

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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
Incorporated2002-11-08
Jurisdictionengland-wales
Primary SIC59200 — Sound recording and music publishing activities

Registered office

217 St. Hughs Avenue
High Wycombe
Bucks
HP13 7UH
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06

Officers (2 active · 3 resigned)

MADHANI, Snehlata→
secretary · appointed 2002-11-11
View their other companies + combined net worth →
Active
MADHANI, Rishi Rikin→
director · ~46y · appointed 2002-11-11
View their other companies + combined net worth →
Active
HCS SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 2002-11-08 · resigned 2002-11-08
Resigned
PATEL, Bhavik→
director · ~46y · appointed 2002-11-21 · resigned 2003-05-11
Resigned
HANOVER DIRECTORS LIMITED→
corporate-nominee-director · appointed 2002-11-08 · resigned 2002-11-08
Resigned

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

Recent filings (66 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
change-person-secretary-company-with-change-date
officers · CH03
2025-07-12
change-person-director-company-with-change-date
officers · CH01
2025-07-12
change-person-director-company-with-change-date
officers · CH01
2025-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-27