42 DEVELOPMENTS LIMITED
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: 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 (58/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 4.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 100 | 100 |
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 confirmation-statement
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Corporate timeline (20 events)Click to expand
- 2026-03-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-06📄memorandum-articlesincorporation · MA
- 2024-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-30🔒Charge registered #3Lender: Octane Property Finance Limited
- 2024-09-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-09-12📄resolutionresolution · RESOLUTIONS
- 2024-09-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-09-03📄gazette-notice-compulsorygazette · GAZ1
- 2023-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-21🔒Charge registered #2Lender: Fern Trading Group Limited
- 2021-06-21🔒Charge registered #1Lender: Fern Trading Group Limited
- 2019-09-24🏢Company incorporatedAs 42 DEVELOPMENTS LIMITED
- 2019-09-24➕BUDGEN, Andrew Martin appointeddirector
- 2019-09-24📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Martin Budgen Individual · British · DOB 08/1972 · age 54 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 24/09/2019 |
1 historic (ceased) PSC
- Ms Lorna Smithceased 23/04/2024· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Octane Property Finance Octane Property Finance Limited | A registered charge | 1 property | 30/09/2024 | — | |
| outstanding | Fern Trading Group Fern Trading Group Limited | A registered charge | 1 property | 21/06/2021 | — | |
| outstanding | Fern Trading Group Fern Trading Group Limited | A registered charge | 1 property | 21/06/2021 | — |