4IR LTD

💤Zombieactive
14654660 · ltd · incorporated 2023-02-10
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 Feb 2025
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28

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

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 officers
Last 180 days
4
filings
  • 1 gazette
  • 1 dissolution
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-27
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-03-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-14
    WOOLAS, Phillip James resigned
    director
  5. 2025-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-11-25
    WOOLAS, Phillip James appointed
    director
  7. 2024-11-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-11-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-11-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-11-19
    CUNNINGTON, Adam Grant Cameron resigned
    director
  11. 2024-11-19
    HUGHES, Brian John Howard resigned
    director
  12. 2024-11-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2024-09-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  14. 2023-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2023-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-02-10
    🏢
    Company incorporated
    As 4IR LTD
  17. 2023-02-10
    MORGAN, Steven John appointed
    director
  18. 2023-02-10
    CUNNINGTON, Adam Grant Cameron appointed
    director
  19. 2023-02-10
    HUGHES, Brian John Howard appointed
    director
  20. 2023-02-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-23

Name changed recently
medium

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

Evidence: 2024-09-17: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven John Morgan
Individual · British · DOB 03/1952 · age 74
5075%
50–75%board control50-75% shares · 50-75% voting · board control10/02/2023
Mr Brian John Howard Hughes
Individual · Welsh · DOB 11/1951 · age 75
2550%
25–50%board control25-50% shares · 25-50% voting · board control10/02/2023

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

10 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.

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Company details

Statusactive
Typeltd
Incorporated2023-02-10
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Penddol
Pontyglasier
Crymych
SA41 3SA
Wales

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-02-23OVERDUE
Last: 2025-02-09

Officers (1 active · 3 resigned)

MORGAN, Steven John
director · ~74y · appointed 2023-02-10
View their other companies + combined net worth →
Active
CUNNINGTON, Adam Grant Cameron
director · ~57y · appointed 2023-02-10 · resigned 2024-11-19
Resigned
HUGHES, Brian John Howard
director · ~75y · appointed 2023-02-10 · resigned 2024-11-19
Resigned
WOOLAS, Phillip James
director · ~67y · appointed 2024-11-25 · resigned 2026-03-14
Resigned

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

Recent filings (14 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-27
termination-director-company-with-name-termination-date
officers · TM01
2026-03-25
accounts-with-accounts-type-dormant
accounts · AA
2025-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
appoint-person-director-company-with-name-date
officers · AP01
2024-11-25
termination-director-company-with-name-termination-date
officers · TM01
2024-11-25
termination-director-company-with-name-termination-date
officers · TM01
2024-11-25
accounts-with-accounts-type-dormant
accounts · AA
2024-11-11
certificate-change-of-name-company
change-of-name · CERTNM
2024-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-27
incorporation-company
incorporation · NEWINC
2023-02-10