1ST CHOICE STORAGE LIMITED
Opportunity 77/100 (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 -34% 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 8.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.8 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.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £269.8k | £287.7k |
| Current assets | £338.6k | £338.5k |
| Cash | £20.4k | £30.6k |
| Debtors | £318.2k | £307.8k |
| Net assets | £234.2k | £229.5k |
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
- 2025-11-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-08-30🔒Charge registered #1Lender: Barclays Bank PLC
- 2016-11-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-09📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-02-17🏢Company incorporatedAs 1ST CHOICE STORAGE LIMITED
- 2010-02-17➕ORWELL, Jade Louise 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Jade Louise Orwell Individual · British · DOB 04/1984 · age 42 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/06/2016 |
Miss Sian Leah Elliott Individual · British · DOB 01/1993 · age 33 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/06/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 30/08/2017 | — |