1ST CHOICE PLUMBING AND HEATING (LONDON) LIMITED
Opportunity 64/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2023-11-30 | 2022-11-30 |
|---|---|---|
| Total assets | £31.5k | £31.1k |
| Current assets | £52.8k | £54.7k |
| Net assets | £23.7k | £19.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (18 events)Click to expand
- 2025-04-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-11-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-09📄gazette-notice-compulsorygazette · GAZ1
- 2020-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-11-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-11-09🏢Company incorporatedAs 1ST CHOICE PLUMBING AND HEATING (LONDON) LIMITED
- 2009-11-09➕GRIFFITHS, Robert Joseph appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-11-27
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Joseph Griffiths Individual · British · DOB 11/1980 · age 46 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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9 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
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