1ST NATIONAL DEVELOPMENTS LIMITED

💤Zombieactive
04246862 · ltd · incorporated 2001-07-05
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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 24.8y

45/100
under pressure

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

  • · Oldest live charge is 24.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees00

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 address
Last 180 days
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-07-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-05-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-12-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2014-12-01
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  16. 2014-07-30
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  17. 2001-08-06
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  18. 2001-07-05
    🏢
    Company incorporated
    As 1ST NATIONAL DEVELOPMENTS LIMITED
  19. 2001-07-05
    ➕
    BAKER, Tina Marie appointed
    secretary
  20. 2001-07-05
    ➕
    CARNE, Brendan Francis appointed
    director
  21. 2001-07-05
    ➕
    PARAMOUNT COMPANY SEARCHES LIMITED appointed
    corporate-nominee-secretary
  22. 2001-07-05
    ➖
    PARAMOUNT COMPANY SEARCHES LIMITED resigned
    corporate-nominee-secretary
  23. 2001-07-05
    ➕
    PARAMOUNT PROPERTIES (UK) LIMITED appointed
    corporate-nominee-director
  24. 2001-07-05
    ➖
    PARAMOUNT PROPERTIES (UK) LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Brendan Francis Carne
Individual · British · DOB 10/1956 · age 70
75–100%
—75-100% shares06/04/2016

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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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
Incorporated2001-07-05
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Popes Manor Murrell Hill Lane
Binfield
Bracknell
Berkshire
RG42 4DA
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05

Officers (2 active · 2 resigned)

BAKER, Tina Marie→
secretary · appointed 2001-07-05
View their other companies + combined net worth →
Active
CARNE, Brendan Francis→
director · ~70y · appointed 2001-07-05
View their other companies + combined net worth →
Active
PARAMOUNT COMPANY SEARCHES LIMITED→
corporate-nominee-secretary · appointed 2001-07-05 · resigned 2001-07-05
Resigned
PARAMOUNT PROPERTIES (UK) LIMITED→
corporate-nominee-director · appointed 2001-07-05 · resigned 2001-07-05
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property01/12/2014—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property06/08/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-05