1STSECONDS LIMITED
🌳Matureactive
07626769 · ltd · incorporated 2011-05-09
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 12.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£258.1k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
PursueAsset-holding vehicle with a 67-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · oldest 12.2y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 12.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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 (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
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 →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.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £258,097
Net assets shrinking
Down £1,814 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£258k
~ YoY
Current Assets
£89k
↓ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £258.1k | £502.4k |
| Current assets | £88.8k | £104.5k |
| Net assets | £258.1k | £259.9k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-10-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-23📄accounts-amended-with-accounts-type-micro-entityaccounts · AAMD
- 2024-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-02-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-02-03🔓Charge satisfied #2
- 2021-02-03🔓Charge satisfied #1
- 2020-10-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-07-22➕PATEL, Khurshid appointeddirector
- 2020-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-06📄accounts-amended-with-accounts-type-micro-entityaccounts · AAMD
- 2019-06-20📄accounts-amended-with-accounts-type-micro-entityaccounts · AAMD
- 2019-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2014-04-01🔒Charge registered #2Lender: Norwich and Peterborough Building Society
- 2014-04-01🔒Charge registered #1Lender: Norwich and Peterborough Building Society
- 2013-04-04➕PATEL, Khurshid appointedsecretary
- 2011-12-21➖BROWNING, Murray Irvine resigneddirector
- 2011-05-09🏢Company incorporatedAs 1STSECONDS LIMITED
- 2011-05-09➕PATEL, Mohmed Hanif appointeddirector
- 2011-05-09➕BROWNING, Murray Irvine appointeddirector
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 15 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
79/100
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.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mohmed Hanif Patel Individual · English · DOB 02/1959 · age 67 | 50–75% | — | 50-75% shares | 01/05/2016 |
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 →Similar companies
Active · Holding company · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 23 ST. GEORGE'S STREET LIMITED→ 02597394 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| 25 BENTHAL MANAGEMENT LTD→ 14661198 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 25 WARRINGTON CRESCENT (MANAGEMENT) LIMITED→ 02508350 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| 27 LANSDOWN PLACE FREEHOLD LIMITED→ 07970148 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| 32 WARRINGTON CRESCENT LIMITED→ 01684838 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| 36 EVESHAM ROAD RESIDENTS COMPANY LIMITED→ 02257090 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| 36 JERSEY STREET LTD→ 12800251 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 36 MSR LIMITED→ 16423667 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 4 ROYAL YORK VILLAS BRISTOL MANAGEMENT COMPANY LIMITED→ 02340443 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| 4 SOMERSET TERRACE LIMITED→ 15446378 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 4 WARRINGTON CRESCENT LIMITED→ 01864669 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| 4 WELLINGTON STREET (CHELTENHAM) MANAGEMENT LIMITED→ 04409149 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
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
Incorporated2011-05-09
Jurisdictionengland-wales
Primary SIC98000 — Residents property management
Registered office
2 Pullman Court, Great Western Road
Gloucester
GL1 3ND
United Kingdom
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22
Officers (3 active · 1 resigned)
Active
PATEL, Khurshid→
Activedirector · ~66y · appointed 2020-07-22
View their other companies + combined net worth →
PATEL, Mohmed Hanif→
Activedirector · ~67y · appointed 2011-05-09
View their other companies + combined net worth →
BROWNING, Murray Irvine→
Resigneddirector · ~55y · appointed 2011-05-09 · resigned 2011-12-21
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Norwich and Peterborough Building Society | A registered charge | — | 01/04/2014 | 03/02/2021 | |
| satisfied | Norwich and Peterborough Building Society | A registered charge | 1 property | 01/04/2014 | 03/02/2021 |
Recent filings (46 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-13
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-27
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-03
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-22