52MAGAZINE LIMITED

💤Zombieactive
09212517 · ltd · incorporated 2014-09-10
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 Dec 2024
Net worth
£-291.6k
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Other publishing activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (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 -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
82
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 £291,591
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 98% YoY
Net Worth
-£292k
↓ 703% YoY
Current Assets
£44k
↓ 89% YoY
Current Liabilities
-£292k-£156k-£21k£114k£250k£385kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-48.1k£165.8k
Current assets£44.1k£385.1k
Cash£1.9k£93.1k
Debtors£37.3k£280.8k
Net assets£-291.6k£-36.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-10-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-04-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-04-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-04-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-02-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2025-01-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2025-01-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2024-12-17
    📍
    default-companies-house-service-address-applied-psc
    address · RP10
  12. 2024-12-17
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  13. 2024-12-17
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  14. 2023-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-11-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-11-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2022-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2021-10-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  19. 2021-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-09-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2020-03-11
    HARDING, Georgina resigned
    director
  22. 2014-09-10
    🏢
    Company incorporated
    As 52MAGAZINE LIMITED
  23. 2014-09-10
    LU, Michelle appointed
    director
  24. 2014-09-10
    HARDING, Georgina appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Ms Michelle Lu
Individual · American · DOB 04/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting01/05/2016
1 historic (ceased) PSC
  • Ms Georgina Georgina Hardingceased 21/04/2020· 25-50% shares · 25-50% voting

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 · Technology · WC postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
5D VIRTUAL TELEMARKETING LTD.
13312288 · est 2021 · no financials extracted
5y
5FT LTD
15327853 · est 2023 · no financials extracted
2y
6 MUSIC LIMITED
11971319 · est 2019 · no financials extracted
6y
6 STAGES LIMITED
10554794 · est 2017 · no financials extracted
9y
6-23 GAMES LTD
16631667 · est 2025 · no financials extracted
61PRO LTD
16896666 · est 2025 · no financials extracted
6CLICKS INTERNATIONAL LTD
13098330 · est 2020 · no financials extracted
5y
6CONNEX UK LIMITED
12933122 · est 2020 · no financials extracted
5y
6S MEDIA GROUP LTD
12050039 · est 2019 · no financials extracted
6y
7 ATE 6 STUDIOS LTD
16643041 · est 2025 · no financials extracted
717 EDUCATION LTD
16539325 · est 2025 · no financials extracted
75TECH LTD
16946553 · 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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-09-10
Jurisdictionengland-wales
Primary SIC58190 — Other publishing activities

Registered office

7 Bell Yard
London
London
WC2A 2JR

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11

Officers (1 active · 1 resigned)

LU, Michelle
director · ~40y · appointed 2014-09-10
View their other companies + combined net worth →
Active
HARDING, Georgina
director · ~37y · appointed 2014-09-10 · resigned 2020-03-11
Resigned

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

Recent filings (60 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-03
change-person-director-company-with-change-date
officers · CH01
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-29
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-28
change-person-director-company-with-change-date
officers · CH01
2025-04-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-28
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-02-13
gazette-notice-compulsory
gazette · GAZ1
2025-01-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-04
default-companies-house-service-address-applied-psc
address · RP10
2024-12-17
default-companies-house-service-address-applied-officer
address · RP09
2024-12-17
default-companies-house-registered-office-address-applied
address · RP05
2024-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-11