1CYPHER LTD

🌳Matureactive
09225412 · ltd · incorporated 2014-09-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£271.3k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: strategic trade sale (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £271,292

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£271k
↑ 38% YoY
Current Assets
£291k
↑ 43% YoY
Current Liabilities
£0£58k£116k£175k£233k£291kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-302023-09-30
Total assets£271.3k£196.8k
Current assets£291.1k£203.2k
Net assets£271.3k£196.8k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • 2 capital
  • 1 officers
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-01-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-25
    📄
    capital-allotment-shares
    capital · SH01
  4. 2025-11-25
    📄
    capital-allotment-shares
    capital · SH01
  5. 2025-09-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-09-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-04-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2023-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-10-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-10-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-10-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2022-07-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2020-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2018-03-09
    PISTOLAS-REZAPOUR, Michelle appointed
    director
  21. 2014-09-18
    🏢
    Company incorporated
    As 1CYPHER LTD
  22. 2014-09-18
    REZAPOUR, Behnam appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Michelle Pistolas-Rezapour
Individual · British · DOB 10/1985 · age 41
2550%
25–50%board control25-50% shares · 25-50% voting · board control09/03/2018
Mr Behnam Rezapour
Individual · British · DOB 06/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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 →
🔒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
Incorporated2014-09-18
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

Unit 8 Dock Offices
Surrey Quays Road
London
SE16 2XU
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (2 active · 0 resigned)

PISTOLAS-REZAPOUR, Michelle
director · ~41y · appointed 2018-03-09
View their other companies + combined net worth →
Active
REZAPOUR, Behnam
director · ~45y · appointed 2014-09-18
View their other companies + combined net worth →
Active

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

Recent filings (48 total)

change-person-director-company-with-change-date
officers · CH01
2026-01-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-25
capital-allotment-shares
capital · SH01
2025-11-25
capital-allotment-shares
capital · SH01
2025-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-26
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-31
change-person-director-company-with-change-date
officers · CH01
2023-10-31