1ST TIME-TECH LIMITED
💤Zombieactive
01822861 · ltd · incorporated 1984-06-07
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 Jun 2025
Net worth
£30.3k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueActive trading company with a 78-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 38.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 38.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £30,262
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£30k
~ YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £30.3k | £30.3k |
| Net assets | £30.3k | £30.3k |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-02-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-20➖MC GANN, Lynda resigneddirector
- 2021-04-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-02-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-02-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-04➖PAGET, Godfrey Trevor resignedsecretary
- 2020-02-04➖PAGET, Godfrey Trevor resigneddirector
- 2020-02-04➖PAGET, Jean Virginia resigneddirector
- 2019-02-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2008-06-27🔓Charge satisfied #2
- 2008-01-05🔓Charge satisfied #1
- 2007-09-11🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1997-03-26🔒Charge registered #2Lender: Midland Bank PLC
- 1987-11-25🔒Charge registered #1Lender: Lloyds Bank PLC
- 1984-06-07🏢Company incorporatedAs 1ST TIME-TECH LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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 78 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr William Mcgann Individual · British · DOB 06/1948 · age 78 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
3 historic (ceased) PSCs
- Mrs Lynda Mcgannceased 20/09/2021· 25-50% shares · 25-50% voting
- Mr Lee William Mcgannceased 29/10/2020· 25-50% shares
- Mr Godfrey Trevor Pagetceased 04/02/2020· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Other · PR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1A NETWORKS LIMITED→ 03740768 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| 25/27 PRESTON STREET RESIDENTS LIMITED→ 02929264 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| 39 CAMBRIDGE ROAD (SOUTHPORT) MANAGEMENT COMPANY LIMITED→ 02572448 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| 50 PROMENADE SOUTHPORT (RTM) COMPANY LIMITED→ 05299395 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| A.D. VARLEY & CO→ LP004950 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| A.D.ANTROBUS LTD→ 14764256 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AALBORG PLACE LLP→ OC343529 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ABBEY MEADS FINANCIAL LTD→ 03005688 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| ABSOLUTELY PROPERTIES LIMITED→ 13628762 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACACIA DALES SERVICES LTD→ 15320543 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCEL TECHNOLOGIES, INC.→ FC019309 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| ACCORD FINANCIAL MANAGEMENT LIMITED→ 05195534 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Incorporated1984-06-07
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
Pelican House, 119c Eastbank Street
Eastbank Street
Southport
Merseyside
PR8 1DQ
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-12-13
Last: 2025-11-29
Officers (1 active · 4 resigned)
Active
PAGET, Godfrey Trevor→
Resignedsecretary · resigned 2020-02-04
MC GANN, Lynda→
Resigneddirector · ~75y · resigned 2021-09-20
PAGET, Godfrey Trevor→
Resigneddirector · ~80y · resigned 2020-02-04
PAGET, Jean Virginia→
Resigneddirector · ~79y · resigned 2020-02-04
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 11/09/2007 | — | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 26/03/1997 | 27/06/2008 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Debenture | 1 property | 25/11/1987 | 05/01/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (114 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-10
termination-director-company-with-name-termination-date
officers · TM01
2021-12-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-09