42 RIGGING LIMITED

💤Zombieactive
13460169 · ltd · incorporated 2021-06-16
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
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Turnover
year to Jun 2025
Net worth
£715
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Wireless telecommunications activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. 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: 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
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
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 · accounting standard not declared
Positive net assets
Net assets £715
Net assets shrinking
Down £3,028 YoY
Cash YoY
+40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
↑ 40% YoY
Net Worth
£715
↓ 81% YoY
Current Assets
£25k
↓ 4.3% YoY
Current Liabilities
£0£5k£10k£16k£21k£26kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£715£3.7k
Current assets£24.8k£25.9k
Cash£8.1k£5.8k
Debtors£16.8k£20.2k
Net assets£715£3.7k

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-10
    PACEY, Mia resigned
    director
  3. 2025-01-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-01-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-01-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-12-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-12-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-06-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-06-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-06-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-06-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-06-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2021-06-16
    🏢
    Company incorporated
    As 42 RIGGING LIMITED
  19. 2021-06-16
    CARPENTER, Rhys James appointed
    director
  20. 2021-06-16
    PACEY, Mia appointed
    director
  21. 2021-06-16
    📄
    incorporation-company
    incorporation · NEWINC

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

45/100
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.

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 Rhys James Carpenter
Individual · British · DOB 06/1991 · age 35
5075%
50–75%board control50-75% shares · 50-75% voting · board control16/06/2021
1 historic (ceased) PSC
  • Miss Mia Paceyceased 10/01/2025· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2021-06-16
Jurisdictionengland-wales
Primary SIC61200 — Wireless telecommunications activities

Registered office

21 Hollowgate
Rotherham
South Yorkshire
S60 2LE
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-29
Last: 2025-06-15

Officers (1 active · 1 resigned)

CARPENTER, Rhys James
director · ~35y · appointed 2021-06-16
View their other companies + combined net worth →
Active
PACEY, Mia
director · ~29y · appointed 2021-06-16 · resigned 2025-01-10
Resigned

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

Recent filings (21 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-19
termination-director-company-with-name-termination-date
officers · TM01
2025-01-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
change-person-director-company-with-change-date
officers · CH01
2024-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
change-person-director-company-with-change-date
officers · CH01
2022-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-16