42COURSES.COM LIMITED
🌳Matureactive
09650031 · ltd · incorporated 2015-06-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£9
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (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 -71% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £9
Net assets shrinking
Down £385 YoY
Cash draining
Cash down 71% YoY
Cash YoY
-71%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£14k
↓ 71% YoY
Net Worth
£9
↓ 98% YoY
Current Assets
£108k
↓ 71% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £91.0k | £101.4k |
| Current assets | £108.5k | £378.8k |
| Cash | £13.9k | £47.5k |
| Debtors | £94.6k | £331.3k |
| Net assets | £9 | £394 |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2026-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-09📄capital-allotment-sharescapital · SH01
- 2023-10-17📄capital-alter-shares-subdivisioncapital · SH02
- 2023-10-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-01➕COURAGE, Jake Tristan appointeddirector
- 2015-06-22🏢Company incorporatedAs 42COURSES.COM LIMITED
- 2015-06-22➕RAWLINSON, Christopher Thomas Seymour appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
41/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Thomas Seymour Rawlinson Individual · British · DOB 01/1981 · age 45 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mr Jake Tristan Courage Individual · British · DOB 05/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/03/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 4 PROBYN ROAD MANAGEMENT LTD→ 12425283 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 40 ELBE STREET LIMITED→ 07413321 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 40 MONTRELL ROAD FREEHOLD LIMITED→ 06012870 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 42 ARLINGFORD ROAD RTM COMPANY LTD→ 08125284 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 42 REDCLIFFE ROAD LIMITED→ 01741597 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| 44 CREWDSON ROAD LIMITED→ 05461690 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 45 EATON PLACE LIMITED→ 07311954 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 46 HILL HOUSE ROAD LTD→ 09229575 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2015-06-22
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.
Registered office
D S Burge And Co Ltd
The Courtyard, 7 Francis Grove
London
SW19 4DW
United Kingdom
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-06-03
Last: 2026-05-20
Officers (2 active · 0 resigned)
COURAGE, Jake Tristan→
Activedirector · ~45y · appointed 2015-11-01
View their other companies + combined net worth →
RAWLINSON, Christopher Thomas Seymour→
Activedirector · ~45y · appointed 2015-06-22
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (29 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-22
capital-allotment-shares
capital · SH01
2023-11-09
capital-alter-shares-subdivision
capital · SH02
2023-10-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-23