CHALLENGE LEISURE LIMITED

💤Zombieactive
05421129 · ltd · incorporated 2005-04-11
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
80/100
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
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). 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).

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
10 officers (2 active, 10 linked, 4 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
£2k
↑ 36% YoY
Current Liabilities
£0£440£880£1k£2k£2kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£2.3k£2.6k
Current assets£2.2k£1.6k
Debtors£208£382

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-12-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-01-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2019-12-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-11-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-04-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-08-29
    HOLLAND, Michael Colin resigned
    director
  16. 2014-08-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2014-04-01
    HOLLAND, Michael Colin appointed
    director
  18. 2008-06-20
    HOLLAND, Pamela Mary appointed
    secretary
  19. 2008-06-20
    HOLLAND, Ralph Peter resigned
    secretary
  20. 2008-06-20
    CHALLENGE PAINTBALL LIMITED resigned
    corporate-secretary
  21. 2007-06-01
    CHALLENGE ATV LIMITED resigned
    corporate-secretary
  22. 2007-06-01
    JENNINGS, Donald resigned
    director
  23. 2007-03-31
    HOLLAND, Ralph Peter appointed
    director
  24. 2007-03-31
    CHALLENGE PAINTBALL LIMITED appointed
    corporate-secretary
  25. 2006-07-31
    HOLLAND, Ralph Peter appointed
    secretary
  26. 2006-04-24
    HOLLAND, Ralph Peter resigned
    director
  27. 2006-04-24
    JENNINGS, Donald appointed
    director
  28. 2005-04-11
    🏢
    Company incorporated
    As CHALLENGE LEISURE LIMITED
  29. 2005-04-11
    CHALLENGE ATV LIMITED appointed
    corporate-secretary
  30. 2005-04-11
    SECRETARIAL APPOINTMENTS LIMITED appointed
    corporate-nominee-secretary
  31. 2005-04-11
    SECRETARIAL APPOINTMENTS LIMITED resigned
    corporate-nominee-secretary
  32. 2005-04-11
    HOLLAND, Ralph Peter appointed
    director
  33. 2005-04-11
    CORPORATE APPOINTMENTS LIMITED appointed
    corporate-nominee-director
  34. 2005-04-11
    CORPORATE APPOINTMENTS LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 21 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
Ralph Peter Holland
Individual · British · DOB 12/1959 · age 67
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

8 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
Incorporated2005-04-11
Jurisdictionengland-wales
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

7 King Street
Weymouth
Dorset
DT4 7BJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-25
Last: 2026-04-11

Officers (2 active · 8 resigned)

HOLLAND, Pamela Mary
secretary · appointed 2008-06-20
View their other companies + combined net worth →
Active
HOLLAND, Ralph Peter
director · ~67y · appointed 2007-03-31
View their other companies + combined net worth →
Active
HOLLAND, Ralph Peter
secretary · appointed 2006-07-31 · resigned 2008-06-20
Resigned
CHALLENGE ATV LIMITED
corporate-secretary · appointed 2005-04-11 · resigned 2007-06-01
Resigned
CHALLENGE PAINTBALL LIMITED
corporate-secretary · appointed 2007-03-31 · resigned 2008-06-20
Resigned
SECRETARIAL APPOINTMENTS LIMITED
corporate-nominee-secretary · appointed 2005-04-11 · resigned 2005-04-11
Resigned
HOLLAND, Michael Colin
director · ~58y · appointed 2014-04-01 · resigned 2014-08-29
Resigned
HOLLAND, Ralph Peter
director · ~67y · appointed 2005-04-11 · resigned 2006-04-24
Resigned
JENNINGS, Donald
director · ~64y · appointed 2006-04-24 · resigned 2007-06-01
Resigned
CORPORATE APPOINTMENTS LIMITED
corporate-nominee-director · appointed 2005-04-11 · resigned 2005-04-11
Resigned

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

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-16