CHALLENGE - TENNIS LLP

💤Zombieactive
OC403267 · llp · incorporated 2015-12-03
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 Mar 2025
Net worth
£-12.8k
book net assets
Opportunity
71/100
Strong
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
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 (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £12,846
Very low cash
Cash position: £95
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£95
↓ 99% YoY
Net Worth
-£13k
Current Assets
£13k
↓ 60% YoY
Current Liabilities
-£13k-£4k£5k£14k£23k£32kMar 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£10.1k£21.1k
Current assets£12.8k£32.1k
Cash£95£6.7k
Debtors£12.7k£25.4k
Net assets£-12.8k

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
3
filings
  • 2 gazette
  • 1 accounts
Last 180 days
3
filings
  • 2 gazette
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-05-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-05-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2026-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-11-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-01-09
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  7. 2024-12-17
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  8. 2024-12-17
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  9. 2024-12-17
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2024-03-12
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  11. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-11-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  13. 2023-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-12-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-06-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2022-05-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2021-11-29
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2021-02-02
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  20. 2021-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-01-22
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  22. 2021-01-21
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  23. 2020-03-31
    YALDEN, Sarah resigned
    llp-member
  24. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2019-12-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  26. 2019-10-25
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  27. 2018-12-31
    EDIS, Thomas David Edward resigned
    llp-member
  28. 2017-09-01
    PHILLIPS, Huw appointed
    llp-designated-member
  29. 2017-09-01
    YALDEN, Sarah appointed
    llp-member
  30. 2015-12-03
    🏢
    Company incorporated
    As CHALLENGE - TENNIS LLP
  31. 2015-12-03
    GOODCHILD, James appointed
    llp-designated-member
  32. 2015-12-03
    EDIS, Thomas David Edward appointed
    llp-member

Owner dependency

50/100
Moderate — manageable with handover

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

Succession & seller-readiness

30/100
Weak signal

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

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Huw Phillips
Individual · British · DOB 08/1978 · age 48
sig. influencesignificant influence01/04/2018
Mr James Graham Goodchild
Individual · British · DOB 05/1986 · age 40
sig. influencesignificant influence06/04/2016
2 historic (ceased) PSCs
  • Ms Sarah Yaldenceased 31/03/2020· significant influence
  • Mr Thomas David Edward Edisceased 15/10/2018· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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04204725 · est 2001 · no financials extracted
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4 COMPAYNE GARDENS LIMITED
05888788 · est 2006
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16393788 · est 2025 · no financials extracted
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54 GOLDERS GREEN LTD
13413137 · est 2021
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54 LITCHFIELD GARDENS RTM COMPANY LIMITED
09440263 · est 2015 · no financials extracted
11y
55 ELGIN CRESCENT LIMITED
03543989 · est 1998 · no financials extracted
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7-12 MAURICE COURT RTM COMPANY LIMITED
09872308 · est 2015 · no financials extracted
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71 PARK STREET RTM COMPANY LIMITED
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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
Typellp
Incorporated2015-12-03
Jurisdictionengland-wales
Primary SIC

Registered office

C/O Hillier Hopkins Llp First Floor, Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26

Officers (2 active · 2 resigned)

GOODCHILD, James
llp-designated-member · ~40y · appointed 2015-12-03
View their other companies + combined net worth →
Active
PHILLIPS, Huw
llp-designated-member · ~48y · appointed 2017-09-01
View their other companies + combined net worth →
Active
EDIS, Thomas David Edward
llp-member · ~44y · appointed 2015-12-03 · resigned 2018-12-31
Resigned
YALDEN, Sarah
llp-member · ~50y · appointed 2017-09-01 · resigned 2020-03-31
Resigned

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

Recent filings (43 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-05-27
gazette-notice-compulsory
gazette · GAZ1
2026-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-01-09
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2024-12-17
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-12-17
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2024-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30