1ST CLASS LETTINGS LIMITED

💤Zombieactive
04245153 · ltd · incorporated 2001-07-03
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 Apr 2025
Net worth
£86.1k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -44% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 10.9y

45/100
under pressure

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

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £86,063
Net assets shrinking
Down £46,268 YoY
Cash draining
Cash down 44% YoY
Cash YoY
-44%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£48k
↓ 44% YoY
Net Worth
£86k
↓ 35% YoY
Current Assets
£121k
↓ 34% YoY
Current Liabilities
—
£0£37k£74k£110k£147k£184kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£94.8k£149.6k
Current assets£121.5k£183.9k
Cash£47.5k£84.8k
Debtors£73.9k£99.0k
Net assets£86.1k£132.3k

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
0
filings
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-01-20
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  6. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-02-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-07-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2016-10-19
    ➕
    SOHOYE, Azid appointed
    director
  17. 2016-10-19
    ➖
    SOHOYE, Azid resigned
    director
  18. 2016-09-27
    ➖
    SOHOYE, Azid resigned
    secretary
  19. 2016-09-27
    ➕
    SOHOYE, Azid appointed
    director
  20. 2016-09-27
    ➖
    SOHOYE, Edward resigned
    director
  21. 2015-07-20
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  22. 2001-07-09
    ➖
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  23. 2001-07-03
    🏢
    Company incorporated
    As 1ST CLASS LETTINGS LIMITED
  24. 2001-07-03
    ➕
    SOHOYE, Azid appointed
    secretary
  25. 2001-07-03
    ➕
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  26. 2001-07-03
    ➕
    SOHOYE, Edward appointed
    director
  27. 2001-07-03
    ➕
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director
  28. 2001-07-03
    ➖
    DEANSGATE COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
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.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Azid Sohoye
Individual · British · DOB 09/1969 · age 57
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/07/2017
1 historic (ceased) PSC
  • Mr Azid Sohoyeceased 06/07/2017· 25-50% shares · 25-50% voting · board control

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

7 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
Incorporated2001-07-03
Jurisdictionengland-wales
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

13a Chiltern Court
Asheridge Road
Chesham
HP5 2PX
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-18
Last: 2026-01-04

Officers (1 active · 5 resigned)

SOHOYE, Azid→
director · ~57y · appointed 2016-10-19
View their other companies + combined net worth →
Active
SOHOYE, Azid→
secretary · appointed 2001-07-03 · resigned 2016-09-27
Resigned
BRITANNIA COMPANY FORMATIONS LIMITED→
corporate-nominee-secretary · appointed 2001-07-03 · resigned 2001-07-09
Resigned
SOHOYE, Azid→
director · ~59y · appointed 2016-09-27 · resigned 2016-10-19
Resigned
SOHOYE, Edward→
director · ~81y · appointed 2001-07-03 · resigned 2016-09-27
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED→
corporate-nominee-director · appointed 2001-07-03 · resigned 2001-07-03
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property20/07/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-05
change-person-director-company-with-change-date
officers · CH01
2025-12-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
change-sail-address-company-with-old-address-new-address
address · AD02
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-13