FIRST4SPARES UK LTD
Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 102| Metric | 2025-03-31 | 2024-03-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (21 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-12-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-12-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-12-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-12-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-03-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-14📄gazette-notice-compulsorygazette · GAZ1
- 2016-06-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-02-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-01-20➖CHIDLEY, Mark resigneddirector
- 2016-01-19➕HULME, Philip appointeddirector
- 2013-04-11➕CHIDLEY, Mark appointeddirector
- 2013-04-11➖HULME, Philip resigneddirector
- 2011-09-15🏢Company incorporatedAs FIRST4SPARES UK LTD
- 2011-09-15➕HULME, Philip 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Philip Hulme Individual · British · DOB 10/1965 · age 61 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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.
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Registered office
Filing status
Officers (1 active · 2 resigned)
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