FIRST SUN SERVICES LTD
Opportunity 59/100 (worth a look), bankability 45/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Mixed signal. Worth opening the full target workup before deciding to pursue.
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 | 2020-12-31 | 2019-12-31 |
|---|---|---|
| Total assets | £45.8k | £33.3k |
| Current assets | £76.4k | £57.0k |
| Net assets | £9.5k | £33.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (21 events)Click to expand
- 2023-01-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-09📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2022-11-29📄gazette-notice-compulsorygazette · GAZ1
- 2021-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-12-31📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2016-10-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-31📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2016-03-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-03-01➕WRAY, Keith Donald appointeddirector
- 2015-09-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-10-14📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2014-09-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-09-11🏢Company incorporatedAs FIRST SUN SERVICES LTD
- 2013-09-11➕WRAY, Yvonne Mary, Mrs. appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 13 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.
- primaryFounder aged 63+: Senior director is approximately 68. 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 13 years.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-09-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2023-09-23
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Keith Donald Wray Individual · British · DOB 09/1958 · age 68 | 25–50% | 25–50% | board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence | 06/04/2016 |
Mrs Yvonne Mary Wray Individual · British · DOB 03/1960 · age 66 | 25–50% | 25–50% | board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence | 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.
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10 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 (2 active · 0 resigned)
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