242 ASSOCIATES LLP
💤Zombieactive
OC376481 · llp · incorporated 2012-06-28
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
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
Strong
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: low (54/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
40 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
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
80
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 gazette
Last 90 days
2
filings
- • 1 gazette
- • 1 dissolution
Last 180 days
5
filings
- • 1 gazette
- • 1 dissolution
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-04-28📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-04-18📄dissolution-application-strike-off-limited-liability-partnershipdissolution · LLDS01
- 2025-12-18📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-12-18📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC04
- 2025-12-18📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2025-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-03📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-06📄change-account-reference-date-limited-liability-partnership-current-shortenedaccounts · LLAA01
- 2023-06-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-29📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-08📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-30📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2019-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-03📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2018-04-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-28📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2017-06-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2012-06-28🏢Company incorporatedAs 242 ASSOCIATES LLP
- 2012-06-28➕GRUNDY, David Kenneth appointedllp-designated-member
- 2012-06-28➕GRUNDY, Thomas David Johnston appointedllp-designated-member
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Kenneth Grundy Individual · British · DOB 06/1968 · age 58 | — | — | sig. influencesignificant influence | 28/06/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · BL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 02066413 LIMITED→ 02066413 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| 1 HOMECARE (BURY) LTD→ 11002238 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 1 LEVEL LIMITED→ 11474463 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 1 OFF SPA LIMITED→ 15989549 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 10:10 GAMES LIMITED→ 13443989 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 100FOLD CAPITAL LTD→ 16599991 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 101 (ST HELENS) LTD→ 07135818 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| 107 (TCB) LTD→ 14118749 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 110 FOOD LIMITED→ 14354721 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 112 CATERING LTD→ 15125000 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 112 EVENTS LTD→ 15124991 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 112 PIZZA LTD→ 15124975 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Typellp
Incorporated2012-06-28
Jurisdictionengland-wales
Primary SIC—
Registered office
Meadow Nook Farm Turton Road
Tottington
Bury
BL8 3QE
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-12
Last: 2025-06-28
Officers (2 active · 0 resigned)
GRUNDY, David Kenneth→
Activellp-designated-member · ~58y · appointed 2012-06-28
View their other companies + combined net worth →
GRUNDY, Thomas David Johnston→
Activellp-designated-member · ~31y · appointed 2012-06-28
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (40 total)
gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-28
dissolution-application-strike-off-limited-liability-partnership
dissolution · LLDS01
2026-04-18
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-18
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2025-12-18
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
change-account-reference-date-limited-liability-partnership-current-shortened
accounts · LLAA01
2024-03-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22