FIRST OPTIC LIMITED
💤Zombieactive
08186290 · ltd · incorporated 2012-08-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Specialist medical practice activities
Sector: Human health & social work
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (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: strategic trade sale (65/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 13.6y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 800 | -800 |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-01📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-27📄capital-allotment-sharescapital · SH01
- 2024-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-10📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-05-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-04-29🔒Charge registered #4Lender: National Westminster Bank PLC
- 2019-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-02-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-02-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-02-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-01-31➕MATHARU, Kiranjeet appointedsecretary
- 2019-01-31➕MATHARU, Kiranjeet appointeddirector
- 2019-01-31➖COAKHAM, Keith Leslie resignedsecretary
- 2019-01-31➖COAKHAM, Keith Leslie resigneddirector
- 2019-01-31🔒Charge registered #3Lender: National Westminster Bank PLC
- 2019-01-31🔒Charge registered #2Lender: National Westminster Bank PLC
- 2018-07-03🔓Charge satisfied #1
- 2012-11-02🔒Charge registered #1Lender: Essilor Limited
- 2012-08-21🏢Company incorporatedAs FIRST OPTIC LIMITED
- 2012-08-21➕COAKHAM, Keith Leslie appointedsecretary
- 2012-08-21➕COAKHAM, Keith Leslie appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Kiranjeet Matharu Individual · British · DOB 03/1977 · age 49 | 75–100% | — | 75-100% shares | 31/01/2019 |
1 historic (ceased) PSC
- Mr Keith Leslie Coakhamceased 31/01/2019· 75-100% shares
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 · Healthcare & medical · LD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRACKEN TRUST LIMITED→ 03206048 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| BUTTONS NURSERY LIMITED→ 08861711 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| CARLA RAPOPORT ART NETWORK CIC→ 15620651 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| DR MARIA LOVE LTD→ 13959196 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| DR MAY AESTHETICS LIMITED→ 13111208 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| DYFED POWYS LOCAL MEDICAL COMMITTEE LIMITED→ 07768913 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| DYFODOL POWYS FUTURES→ 06556066 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| EAST RADNORSHIRE CARE LIMITED→ 04243987 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| FIRE + ICE RECOVERY LIMITED→ 16721540 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FRANK MEDFORD LTD→ 09505774 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| FRV (FINAL RENDEZVOUS) CIC→ 16577004 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GD HEALTH LTD→ 07983988 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2012-08-21
Jurisdictionengland-wales
Primary SIC86220 — Specialist medical practice activities
Registered office
19 Bethel Square
Brecon
Powys
LD3 7JP
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-21
Last: 2026-02-07
Officers (2 active · 2 resigned)
MATHARU, Kiranjeet→
Activesecretary · appointed 2019-01-31
View their other companies + combined net worth →
MATHARU, Kiranjeet→
Activedirector · ~49y · appointed 2019-01-31
View their other companies + combined net worth →
COAKHAM, Keith Leslie→
Resignedsecretary · appointed 2012-08-21 · resigned 2019-01-31
COAKHAM, Keith Leslie→
Resigneddirector · ~64y · appointed 2012-08-21 · resigned 2019-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 29/04/2019 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 31/01/2019 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 31/01/2019 | — | |
| satisfied | Essilor Essilor Limited | Debenture | 1 property | 02/11/2012 | 03/07/2018 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-20
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
capital-allotment-shares
capital · SH01
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-13