4 X FORTYONE LIMITED

🌳Matureactive
05646996 · ltd · incorporated 2005-12-07
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 Feb 2025
Net worth
£-58.6k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -70% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £58,619
Cash draining
Cash down 70% YoY
Cash YoY
-70%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 70% YoY
Net Worth
-£59k
~ YoY
Current Assets
£33k
↓ 37% YoY
Current Liabilities
-£59k-£37k-£14k£8k£30k£53kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£32.6k£52.4k
Current assets£33.4k£52.8k
Cash£3.1k£10.4k
Net assets£-58.6k£-58.9k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-04-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-04-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2014-12-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-03-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-12-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2005-12-07
    🏢
    Company incorporated
    As 4 X FORTYONE LIMITED
  17. 2005-12-07
    BINKS, Tracey Jayne appointed
    secretary
  18. 2005-12-07
    BINKS, Raymond Harold appointed
    director
  19. 2005-12-07
    BINKS, Tracey Jayne appointed
    director
  20. 2005-12-07
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  21. 2005-12-07
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 2005-12-07
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  23. 2005-12-07
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 Raymond Binks
Individual · British · DOB 01/1966 · age 60
2550%
25-50% shares06/04/2016

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

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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
Incorporated2005-12-07
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310

Registered office

C/O Lofthouse & Co, 36 Ropergate
Pontefract
West Yorkshire
WF8 1LY

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07

Officers (3 active · 2 resigned)

BINKS, Tracey Jayne
secretary · appointed 2005-12-07
View their other companies + combined net worth →
Active
BINKS, Raymond Harold
director · ~60y · appointed 2005-12-07
View their other companies + combined net worth →
Active
BINKS, Tracey Jayne
director · ~53y · appointed 2005-12-07
View their other companies + combined net worth →
Active
TEMPLE SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2005-12-07 · resigned 2005-12-07
Resigned
COMPANY DIRECTORS LIMITED
corporate-nominee-director · appointed 2005-12-07 · resigned 2005-12-07
Resigned

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

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-13