1ST HEALTHCARE LTD

💤Zombieactive
09106541 · ltd · incorporated 2014-06-27
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 2024
Net worth
£1.6k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Social work activities without accommodation for the elderly and disabled
Sector: Human health & social work
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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 (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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,604

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2k
↑ 43% YoY
Current Assets
£39k
↓ 16% YoY
Current Liabilities
—
£0£9k£19k£28k£37k£47kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£40.5k£40.0k
Current assets£39.3k£46.8k
Net assets£1.6k£1.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (18 events)Click to expand
  1. 2025-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-01-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-12-20
    📄
    administrative-restoration-company
    restoration · RT01
  12. 2019-12-03
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  13. 2019-09-17
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2019-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-10-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2014-06-27
    🏢
    Company incorporated
    As 1ST HEALTHCARE LTD
  18. 2014-06-27
    ➕
    ATULA, Morris appointed
    director

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • 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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Morris Atula
Individual · Nigerian · DOB 03/1961 · age 65
75–100%
—75-100% shares27/06/2016

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 →

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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 →
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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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Company details

Statusactive
Typeltd
Incorporated2014-06-27
Jurisdictionengland-wales
Primary SIC88100 — Social work activities without accommodation for the elderly and disabled

Registered office

57a High Street
Cranford
Hounslow
TW5 9RQ
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (1 active · 0 resigned)

ATULA, Morris→
director · ~65y · appointed 2014-06-27
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-12