4C GAMES LTD

🏛️Establishedactive
12327268 · ltd · incorporated 2019-11-21
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 Mar 2025
Net worth
£-7.59M
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 92000Gambling and betting activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (73/100).

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, 2 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
4 officers (3 active, 4 linked, 3 with DOB)
85
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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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 £7,592,914
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£68k
↓ 84% YoY
Net Worth
-£7.6m
↓ 37% YoY
Current Assets
£91k
↓ 81% YoY
Current Liabilities
-£7.6m-£6.0m-£4.4m-£2.8m-£1.1m£477kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-98.7k£387.5k
Current assets£90.6k£477.3k
Cash£67.9k£436.7k
Debtors£22.7k£40.6k
Net assets£-7.59M£-5.53M

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
4
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 change-of-name
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-12
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-08-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-11-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2022-11-25
    BODNAR-STARON, Anna appointed
    secretary
  10. 2022-11-25
    ALGHANIM, Reham Fouad resigned
    director
  11. 2022-11-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-10-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-10-20
    KNOWLES, Bradley appointed
    director
  14. 2022-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-08-06
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  17. 2020-02-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-02-04
    ALGHANIM, Reham Fouad appointed
    director
  19. 2020-01-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2020-01-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2020-01-31
    📄
    capital-allotment-shares
    capital · SH01
  22. 2019-11-21
    🏢
    Company incorporated
    As 4C GAMES LTD
  23. 2019-11-21
    MACKENZIE DULIEU, James Robert appointed
    director
  24. 2019-11-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-02-12: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Reham Fouad Alghanim
Individual · Kuwaiti · DOB 08/1971 · age 55
75100%
75-100% shares31/01/2020
1 historic (ceased) PSC
  • Mr James Robert Mackenzie Dulieuceased 31/01/2020· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2019-11-21
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

66 Bootham
York
YO30 7BZ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (3 active · 1 resigned)

BODNAR-STARON, Anna
secretary · appointed 2022-11-25
View their other companies + combined net worth →
Active
KNOWLES, Bradley
director · ~40y · appointed 2022-10-20
View their other companies + combined net worth →
Active
MACKENZIE DULIEU, James Robert
director · ~56y · appointed 2019-11-21
View their other companies + combined net worth →
Active
ALGHANIM, Reham Fouad
director · ~55y · appointed 2020-02-04 · resigned 2022-11-25
Resigned

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

Recent filings (25 total)

change-person-director-company-with-change-date
officers · CH01
2026-02-17
change-person-director-company-with-change-date
officers · CH01
2026-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-17
certificate-change-of-name-company
change-of-name · CERTNM
2026-02-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-20
appoint-person-secretary-company-with-name-date
officers · AP03
2022-11-28
termination-director-company-with-name-termination-date
officers · TM01
2022-11-25
appoint-person-director-company-with-name-date
officers · AP01
2022-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01