1ST LED LIGHTING LIMITED

🌳Matureactive
03948370 · ltd · incorporated 2000-03-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
£204.7k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: SIC 27900
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 64-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (79/100)

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
11 officers (3 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
85
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 105 (micro)
Positive net assets
Net assets £204,679

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£205k
~ YoY
Current Assets
£208k
~ YoY
Current Liabilities
—
£0£42k£83k£125k£167k£208kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-11-302024-11-30
Total assets£204.7k£204.7k
Current assets£208.4k£208.4k
Net assets£204.7k£204.7k

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 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-04-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2025-02-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-02-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-02-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-04-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-06-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-05-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-03-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-11-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-08-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-07-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2018-02-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-02-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2018-02-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2001-04-27
    ➖
    AUSTIN, David Reginald resigned
    secretary
  18. 2001-04-27
    ➖
    AUSTIN, David Reginald resigned
    director
  19. 2001-04-27
    ➖
    COLWELL, Andrew David resigned
    director
  20. 2001-03-07
    ➕
    MACDONALD, Iain appointed
    director
  21. 2001-03-07
    ➕
    READ, Stephen Douglas appointed
    director
  22. 2000-05-09
    ➖
    MACDONALD, Iain resigned
    secretary
  23. 2000-05-09
    ➖
    MACDONALD, Iain resigned
    director
  24. 2000-05-09
    ➖
    READ, Stephen Douglas resigned
    director
  25. 2000-05-08
    ➕
    AUSTIN, David Reginald appointed
    secretary
  26. 2000-05-08
    ➕
    AUSTIN, David Reginald appointed
    director
  27. 2000-05-08
    ➕
    COLWELL, Andrew David appointed
    director
  28. 2000-03-15
    🏢
    Company incorporated
    As 1ST LED LIGHTING LIMITED
  29. 2000-03-15
    ➕
    READ, Stephen Douglas appointed
    secretary
  30. 2000-03-15
    ➕
    MACDONALD, Iain appointed
    secretary
  31. 2000-03-15
    ➕
    CRS LEGAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  32. 2000-03-15
    ➖
    CRS LEGAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  33. 2000-03-15
    ➕
    MACDONALD, Iain appointed
    director
  34. 2000-03-15
    ➕
    READ, Stephen Douglas appointed
    director
  35. 2000-03-15
    ➕
    MC FORMATIONS LIMITED appointed
    corporate-nominee-director
  36. 2000-03-15
    ➖
    MC FORMATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Iain Macdonald
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Stephen Douglas Read
Individual · British · DOB 05/1962 · age 64
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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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1 BRICKIN PLACE LTD→
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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
Incorporated2000-03-15
Jurisdictionengland-wales
Primary SIC27900 — SIC 27900

Registered office

Wellesley House
Eelmoor Road
Farnborough
Hampshire
GU14 7QN

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (3 active · 8 resigned)

READ, Stephen Douglas→
secretary · appointed 2000-03-15
View their other companies + combined net worth →
Active
MACDONALD, Iain→
director · ~59y · appointed 2001-03-07
View their other companies + combined net worth →
Active
READ, Stephen Douglas→
director · ~64y · appointed 2001-03-07
View their other companies + combined net worth →
Active
AUSTIN, David Reginald→
secretary · appointed 2000-05-08 · resigned 2001-04-27
Resigned
MACDONALD, Iain→
secretary · appointed 2000-03-15 · resigned 2000-05-09
Resigned
CRS LEGAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 2000-03-15 · resigned 2000-03-15
Resigned
AUSTIN, David Reginald→
director · ~88y · appointed 2000-05-08 · resigned 2001-04-27
Resigned
COLWELL, Andrew David→
director · ~65y · appointed 2000-05-08 · resigned 2001-04-27
Resigned
MACDONALD, Iain→
director · ~59y · appointed 2000-03-15 · resigned 2000-05-09
Resigned
READ, Stephen Douglas→
director · ~64y · appointed 2000-03-15 · resigned 2000-05-09
Resigned
MC FORMATIONS LIMITED→
corporate-nominee-director · appointed 2000-03-15 · resigned 2000-03-15
Resigned

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

Recent filings (84 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-dormant
accounts · AA
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
change-person-director-company-with-change-date
officers · CH01
2025-02-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-03
change-person-director-company-with-change-date
officers · CH01
2025-02-03
accounts-with-accounts-type-dormant
accounts · AA
2024-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-dormant
accounts · AA
2023-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
accounts-with-accounts-type-dormant
accounts · AA
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-15
accounts-with-accounts-type-dormant
accounts · AA
2021-03-09