1ST ACCOUNTANCY (LEEDS) LIMITED

🌳Matureactive

04613385 · ltd · incorporated 2002-12-10

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2026

Net worth

—

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Accounting and auditing activities

Sector: Professional, scientific & technical

ALSO REGISTERED FOR

69202Bookkeeping activities
69203Tax consultancy

Investor take

Pursue

Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (3 active, 7 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2026-01-31	2025-01-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2026-02-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-02-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-02-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-02-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-02-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-03-06
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-12
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-06-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-12-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-04-01
➖
OLIVER, Claire Michelle resigned
director
2008-09-25
➖
MILLWARD, Stephen Harry resigned
director
2003-02-01
➕
MILLWARD, Stephen Harry appointed
director
2003-02-01
➕
OLIVER, Claire Michelle appointed
director
2002-12-10
🏢
Company incorporated
As 1ST ACCOUNTANCY (LEEDS) LIMITED
2002-12-10
➕
MILLWARD, David John appointed
secretary
2002-12-10
➕
MILLWARD, David John appointed
director
2002-12-10
➕
MILLWARD, Geraldine Helen appointed
director
2002-12-10
➕
WOLFF, Catherine Mary appointed
secretary
2002-12-10
➖
WOLFF, Catherine Mary resigned
secretary
2002-12-10
➕
WINSTON, Paul appointed
director
2002-12-10
➖
WINSTON, Paul resigned
director

Owner dependency

91/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 77 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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

Name	Shares	Voting rights	Nature of control	Notified
Mrs Geraldine Helen Millward Individual · British · DOB 08/1951 · age 75	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mr David John Millward Individual · British · DOB 12/1949 · age 77	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

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

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.

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Company details

Statusactive

Typeltd

Incorporated2002-12-10

Jurisdictionengland-wales

Primary SIC69201 — Accounting and auditing activities

Registered office

60 Primley Park View

Leeds

LS17 7JZ

Filing status

Accounts

Next due: 2027-10-31

Last made up to: 2026-01-31

Confirmation statement

Next due: 2026-11-14

Last: 2025-10-31

Officers (3 active · 4 resigned)

MILLWARD, David John→

secretary · appointed 2002-12-10

View their other companies + combined net worth →

Active

MILLWARD, David John→

director · ~77y · appointed 2002-12-10

View their other companies + combined net worth →

Active

MILLWARD, Geraldine Helen→

director · ~75y · appointed 2002-12-10

View their other companies + combined net worth →

Active

WOLFF, Catherine Mary→

secretary · appointed 2002-12-10 · resigned 2002-12-10

Resigned

MILLWARD, Stephen Harry→

director · ~49y · appointed 2003-02-01 · resigned 2008-09-25

Resigned

OLIVER, Claire Michelle→

director · ~46y · appointed 2003-02-01 · resigned 2011-04-01

Resigned

WINSTON, Paul→

director · ~56y · appointed 2002-12-10 · resigned 2002-12-10

Resigned

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