1ST CONNECT GROUP LIMITED

💤Zombieactive
04019493 · ltd · incorporated 2000-06-22
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
42/100
Watch
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What this business does
Primary activity: Wired telecommunications activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 42/100 (watch), bankability 12/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 23.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 23.4 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (48/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 2 with DOB)
76
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
42/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
15
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2022-09-15
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2016-07-19
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  3. 2016-07-19
    🏁
    Company dissolved
  4. 2016-06-22
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  5. 2016-04-26
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  6. 2016-04-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  7. 2016-03-03
    ⚠️
    liquidation-receiver-cease-to-act-receiver
    insolvency · RM02
  8. 2016-03-03
    ⚠️
    liquidation-receiver-cease-to-act-receiver
    insolvency · RM02
  9. 2015-08-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2015-07-20
    DYER, Gareth James resigned
    secretary
  11. 2014-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2013-12-18
    📄
    dissolution-withdrawal-application-strike-off-company
    dissolution · DS02
  13. 2013-12-03
    ⚠️
    liquidation-receiver-appointment-of-receiver
    insolvency · RM01
  14. 2013-12-03
    ⚠️
    liquidation-receiver-appointment-of-receiver
    insolvency · RM01
  15. 2013-12-03
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  16. 2013-11-25
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  17. 2013-08-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2013-02-22
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  20. 2012-07-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2012-04-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2012-01-12
    📄
    legacy
    mortgage · MG02
  23. 2012-01-06
    🔓
    Charge satisfied #4
  24. 2011-12-22
    📄
    legacy
    mortgage · MG02
  25. 2011-12-16
    🔓
    Charge satisfied #3
  26. 2011-06-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2011-06-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2010-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2010-06-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  30. 2009-02-03
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  31. 2007-06-25
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  32. 2007-01-24
    🔒
    Charge registered #4
    Lender: Rbs Invoice Finance Limited
  33. 2007-01-05
    🔓
    Charge satisfied #2
  34. 2007-01-05
    🔓
    Charge satisfied #1
  35. 2006-12-04
    🔒
    Charge registered #3
    Lender: Abbey National PLC
  36. 2004-12-22
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  37. 2003-09-01
    DYER, Gareth James appointed
    secretary
  38. 2003-03-01
    BURKE, William Peter resigned
    secretary
  39. 2003-02-28
    WILLIAMS, Roger Martin resigned
    director
  40. 2002-12-13
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Commercial Finance Limited T/a Alex Lawrie Factors
  41. 2002-09-02
    WILLIAMS, Roger Martin appointed
    director
  42. 2001-09-01
    BURKE, Natalie resigned
    secretary
  43. 2001-09-01
    BURKE, William Peter appointed
    secretary
  44. 2000-06-22
    🏢
    Company incorporated
    As 1ST CONNECT GROUP LIMITED
  45. 2000-06-22
    BURKE, George Robert appointed
    director
  46. 2000-06-22
    BURKE, Natalie appointed
    secretary
  47. 2000-06-22
    CORPORATE ADMINISTRATION SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  48. 2000-06-22
    CORPORATE ADMINISTRATION SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  49. 2000-06-22
    CORPORATE ADMINISTRATION SERVICES LIMITED appointed
    corporate-nominee-director
  50. 2000-06-22
    CORPORATE ADMINISTRATION SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 26 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.

Red flags

3 high · 2 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2015-07-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-07-06

4 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2016-03-03: liquidation-receiver-cease-to-act-receiver; 2016-03-03: liquidation-receiver-cease-to-act-receiver

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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
Incorporated2000-06-22
Jurisdictionengland-wales
Primary SIC61100 — Wired telecommunications activities

Registered office

11-17 Rear Of Southcote Road
Bournemouth
Dorset
BH1 3SH

Filing status

Accounts
Next due: 2015-07-30OVERDUE
Last made up to: 2013-10-31
Confirmation statement
Next due: 2017-07-06OVERDUE
Last:

Officers (1 active · 6 resigned)

BURKE, George Robert
director · ~52y · appointed 2000-06-22
View their other companies + combined net worth →
Active
BURKE, Natalie
secretary · appointed 2000-06-22 · resigned 2001-09-01
Resigned
BURKE, William Peter
secretary · appointed 2001-09-01 · resigned 2003-03-01
Resigned
DYER, Gareth James
secretary · appointed 2003-09-01 · resigned 2015-07-20
Resigned
CORPORATE ADMINISTRATION SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2000-06-22 · resigned 2000-06-22
Resigned
WILLIAMS, Roger Martin
director · ~67y · appointed 2002-09-02 · resigned 2003-02-28
Resigned
CORPORATE ADMINISTRATION SERVICES LIMITED
corporate-nominee-director · appointed 2000-06-22 · resigned 2000-06-22
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties03/02/2009
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property25/06/2007
satisfied
NatWest Group
Rbs Invoice Finance Limited
Fixed and floating charge1 property24/01/200706/01/2012
satisfied
Santander
Abbey National PLC
Legal and general charge1 property04/12/200616/12/2011
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property22/12/200405/01/2007
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited T/a Alex Lawrie Factors
All assets debenture1 property13/12/200205/01/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

restoration-order-of-court
restoration · AC92
2022-09-15
gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-07-19
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2016-06-22
gazette-notice-voluntary
gazette · GAZ1(A)
2016-04-26
dissolution-application-strike-off-company
dissolution · DS01
2016-04-14
liquidation-receiver-cease-to-act-receiver
insolvency · RM02
2016-03-03
liquidation-receiver-cease-to-act-receiver
insolvency · RM02
2016-03-03
termination-secretary-company-with-name-termination-date
officers · TM02
2015-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-07-15
dissolution-withdrawal-application-strike-off-company
dissolution · DS02
2013-12-18
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2013-12-03
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2013-12-03
gazette-notice-voluntary
gazette · GAZ1(A)
2013-12-03
dissolution-application-strike-off-company
dissolution · DS01
2013-11-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-08-12