42 LEISURE LIMITED

🌳Matureactive
08055657 · ltd · incorporated 2012-05-03
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£115.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 82-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
9 officers (3 active, 9 linked, 8 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

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

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £115,744

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£116k
↑ 200% YoY
Current Assets
£75k
Current Liabilities
—
-£116k-£69k-£23k£23k£69k£116kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£115.7k£-115.7k
Current assets£75.1k—
Net assets£115.7k£-115.7k

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

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 (31 events)Click to expand
  1. 2025-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-12
    ➖
    STARKIE, Francis William Michael resigned
    director
  4. 2024-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-08-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2017-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2017-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-07-03
    ➖
    CHAMBERS, Joanna Louise resigned
    director
  17. 2017-07-03
    ➖
    VAUGHAN, Peter Anthony resigned
    director
  18. 2016-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-10-01
    ➕
    CHAMBERS, Joanna Louise appointed
    director
  20. 2014-07-22
    ➖
    PUTNAM, Roger George, Professor resigned
    director
  21. 2013-04-05
    ➕
    PUTNAM, Roger George, Professor appointed
    director
  22. 2013-02-21
    ➖
    SMALLEY, Timothy John resigned
    director
  23. 2012-10-17
    ➖
    PUTNAM, Roger George, Professor resigned
    director
  24. 2012-10-15
    ➕
    SMALLEY, Timothy John appointed
    director
  25. 2012-06-22
    ➕
    BALAS, Heskel Jacob appointed
    secretary
  26. 2012-06-11
    ➕
    PUTNAM, Roger George, Professor appointed
    director
  27. 2012-06-11
    ➕
    STARKIE, Francis William Michael appointed
    director
  28. 2012-06-11
    ➕
    VAUGHAN, Peter Anthony appointed
    director
  29. 2012-05-03
    🏢
    Company incorporated
    As 42 LEISURE LIMITED
  30. 2012-05-03
    ➕
    BALAS, Heskel Jacob appointed
    director
  31. 2012-05-03
    ➕
    BALAS, Solomon Heskel appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr Solomon Balas
Individual · British · DOB 01/1944 · age 82
——sig. influencesignificant influence06/04/2016

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

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
Incorporated2012-05-03
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

167-169 167-169 Great Portland Street,
Fifth Floor,
London
W1W 5PF
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-05-17
Last: 2026-05-03

Officers (3 active · 6 resigned)

BALAS, Heskel Jacob→
secretary · appointed 2012-06-22
View their other companies + combined net worth →
Active
BALAS, Heskel Jacob→
director · ~44y · appointed 2012-05-03
View their other companies + combined net worth →
Active
BALAS, Solomon Heskel→
director · ~82y · appointed 2012-05-03
View their other companies + combined net worth →
Active
CHAMBERS, Joanna Louise→
director · ~69y · appointed 2014-10-01 · resigned 2017-07-03
Resigned
PUTNAM, Roger George, Professor→
director · ~81y · appointed 2013-04-05 · resigned 2014-07-22
Resigned
PUTNAM, Roger George, Professor→
director · ~81y · appointed 2012-06-11 · resigned 2012-10-17
Resigned
SMALLEY, Timothy John→
director · ~61y · appointed 2012-10-15 · resigned 2013-02-21
Resigned
STARKIE, Francis William Michael→
director · ~77y · appointed 2012-06-11 · resigned 2024-05-12
Resigned
VAUGHAN, Peter Anthony→
director · ~66y · appointed 2012-06-11 · resigned 2017-07-03
Resigned

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

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-12
termination-director-company-with-name-termination-date
officers · TM01
2024-05-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-13