1 FORMULA LTD
Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (79/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2024-04-30 | 2023-04-30 |
|---|---|---|
| Total assets | £41.2k | — |
| Current assets | £191.0k | — |
| Cash | £60.2k | — |
| Debtors | £130.8k | — |
| Net assets | £874 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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 (19 events)Click to expand
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-31➕LEWIS, Katherine Anne appointeddirector
- 2019-01-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-01-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-02📄change-person-director-company-with-change-dateofficers · CH01
- 2015-05-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2013-04-05🏢Company incorporatedAs 1 FORMULA LTD
- 2013-04-05➕LEWIS, Katharine Anne appointedsecretary
- 2013-04-05➕LEWIS, Neil Jason appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- 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 Katharine Anne Lewis Individual · British · DOB 03/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Neil Jason Lewis Individual · British · DOB 03/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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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|---|---|---|---|---|---|---|---|
| 1 LOCK CYBER SECURITY LTD→ 14061153 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1 LOCK ENERGY SOLUTIONS LIMITED→ 15212388 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1-UP FINANCE LIMITED→ 16210507 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 101 HEALTHCARE LTD→ 11010057 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 101 TECH LTD→ 04774901 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 10TH PLANET AGENCY LTD→ 11141097 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 11 INFRASTRUCTURE LTD→ 11951019 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 14 OCEAN LTD→ 16827917 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 17G CREATIVE LIMITED→ 14079098 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 180 DEGREES CONSULTING QMUL CIC→ 16143477 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 18NORTH LIMITED→ 13155853 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1NORTHFIELD LIMITED→ 08877924 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
6 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 (3 active · 0 resigned)
Click a director name to see their full track record across all companies.