1ST CHOICE UPHOLSTERY LTD
🌳Matureactive
04847033 · ltd · incorporated 2003-07-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£45.8k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
PursueAsset-holding vehicle with a 67-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -87% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (76/100)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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £45,782
Net assets shrinking
Down £7,373 YoY
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£550
↓ 87% YoY
Net Worth
£46k
↓ 14% YoY
Current Assets
£18k
↑ 36% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £53.0k | £62.8k |
| Current assets | £18.2k | £13.3k |
| Cash | £550 | £4.2k |
| Debtors | £17.3k | £8.9k |
| Net assets | £45.8k | £53.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-02-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-02-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-07-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-02-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-08-04➕REAY, Lynn Celia appointedsecretary
- 2003-08-04➕REAY, Lynn Celia appointeddirector
- 2003-08-04➕REAY, Ralph Clement Armstrong appointeddirector
- 2003-07-30➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2003-07-30➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2003-07-28🏢Company incorporatedAs 1ST CHOICE UPHOLSTERY LTD
- 2003-07-28➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2003-07-28➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
91/100
Critical — business is the founderThe 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 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. 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 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo 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 |
|---|---|---|---|---|
Mr Ralph Clement Armstrong Reay Individual · British · DOB 10/1959 · age 67 | 25–50% | — | 25-50% shares | 28/07/2016 |
Mrs Lynn Celia Reay Individual · British · DOB 12/1961 · age 65 | 25–50% | — | 25-50% shares | 28/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 8 BALL DIRECT LTD→ 12551104 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| A C PRODUCTS AND HOLDINGS LIMITED→ 16838501 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A.C. ENGINEERING (NORTH EAST) LIMITED→ 03758266 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| A1 WINDOWS (GATESHEAD) LTD→ 07788644 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AA COATINGS LTD→ 16545653 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated2003-07-28
Jurisdictionengland-wales
Primary SIC31090 — Manufacture of other furniture
Registered office
11 Tweed Street
Washington
Tyne & Wear
NE38 7BQ
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26
Officers (3 active · 2 resigned)
Active
REAY, Lynn Celia→
Activedirector · ~65y · appointed 2003-08-04
View their other companies + combined net worth →
REAY, Ralph Clement Armstrong→
Activedirector · ~67y · appointed 2003-08-04
View their other companies + combined net worth →
FORM 10 SECRETARIES FD LTD→
Resignedcorporate-nominee-secretary · appointed 2003-07-28 · resigned 2003-07-30
FORM 10 DIRECTORS FD LTD→
Resignedcorporate-nominee-director · appointed 2003-07-28 · resigned 2003-07-30
Click a director name to see their full track record across all companies.
Recent filings (54 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2019-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-24