42 RACING LIMITED
Opportunity 69/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 11.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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 · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 2 | 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
- • 1 persons-with-significant-control
- • 1 confirmation-statement
- • 2 persons-with-significant-control
- • 1 confirmation-statement
- • 1 address
- • 2 persons-with-significant-control
- • 1 confirmation-statement
- • 1 address
Corporate timeline (32 events)Click to expand
- 2026-04-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-24➖SIMMONS, Claire Andrea resigneddirector
- 2025-06-25📄resolutionresolution · RESOLUTIONS
- 2025-06-25📄memorandum-articlesincorporation · MA
- 2025-06-20📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-06-20📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-18📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-06-18📄legacycapital · SH20
- 2025-06-18⚠️legacyinsolvency · CAP-SS
- 2025-06-18📄resolutionresolution · RESOLUTIONS
- 2025-06-18📄resolutionresolution · RESOLUTIONS
- 2025-06-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-06-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-12📄capital-allotment-sharescapital · SH01
- 2025-06-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-12🔓Charge satisfied #2
- 2025-06-12🔓Charge satisfied #1
- 2025-04-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-03-24🔒Charge registered #2Lender: Justin King
- 2015-03-24🔒Charge registered #1Lender: Harbury House Limited
- 2012-04-01➕SIMMONS, Claire Andrea appointeddirector
- 2011-10-03➕KING, Jordan appointeddirector
- 2011-06-07🏢Company incorporatedAs 42 RACING LIMITED
- 2011-06-07➕KAHAN, Barbara appointeddirector
- 2011-06-07➖KAHAN, Barbara resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 lowFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-06-18: legacy
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Justin Matthew King Individual · British · DOB 05/1961 · age 65 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 02/04/2026 |
2 historic (ceased) PSCs
- Harbury House Limitedceased 02/04/2026· 75-100% shares · 75-100% voting
- Mr Jordan Kingceased 12/06/2025· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Justin King | A registered charge | — | 24/03/2015 | 12/06/2025 | |
| satisfied | Harbury House Harbury House Limited | A registered charge | — | 24/03/2015 | 12/06/2025 |