1ST CHOICE PALLET RACKING SERVICES LTD

💤Zombieactive
09459232 · ltd · incorporated 2015-02-26
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 Feb 2025
Net worth
£87.5k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
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. 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 (58/100).

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
4 officers (1 active, 4 linked, 4 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
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 · accounting standard not declared
Positive net assets
Net assets £87,501

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£88k
↑ 33% YoY
Current Assets
£78k
↓ 3.4% YoY
Current Liabilities
—
£0£18k£35k£53k£70k£88kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£98.9k£84.1k
Current assets£77.7k£80.4k
Net assets£87.5k£66.0k

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-08-27
    ➕
    WILLIAMS, Owen appointed
    director
  5. 2025-08-27
    ➖
    WILLIAMS, Valerie resigned
    director
  6. 2025-06-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2025-05-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-05-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2024-05-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-06-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-05-27
    ➖
    WILLIAMS, Owen resigned
    director
  15. 2023-05-27
    ➕
    WILLIAMS, Valerie appointed
    director
  16. 2022-04-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2018-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-02-02
    ➕
    WILLIAMS, Owen appointed
    director
  22. 2017-02-02
    ➖
    WILLIAMS, Valerie resigned
    director
  23. 2015-02-26
    🏢
    Company incorporated
    As 1ST CHOICE PALLET RACKING SERVICES LTD
  24. 2015-02-26
    ➕
    WILLIAMS, Valerie appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some 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

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 Owen Williams
Individual · British · DOB 08/1972 · age 54
75–100%
—75-100% shares30/06/2016

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

7 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
Incorporated2015-02-26
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

23a Coventry Road
Lutterworth
Leicestershire
LE17 4RE
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28

Officers (1 active · 3 resigned)

WILLIAMS, Owen→
director · ~54y · appointed 2025-08-27
View their other companies + combined net worth →
Active
WILLIAMS, Owen→
director · ~54y · appointed 2017-02-02 · resigned 2023-05-27
Resigned
WILLIAMS, Valerie→
director · ~80y · appointed 2023-05-27 · resigned 2025-08-27
Resigned
WILLIAMS, Valerie→
director · ~80y · appointed 2015-02-26 · resigned 2017-02-02
Resigned

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
2026-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-30
termination-director-company-with-name-termination-date
officers · TM01
2025-08-28
appoint-person-director-company-with-name-date
officers · AP01
2025-08-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
gazette-notice-compulsory
gazette · GAZ1
2025-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
gazette-notice-compulsory
gazette · GAZ1
2024-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
appoint-person-director-company-with-name-date
officers · AP01
2023-06-12
termination-director-company-with-name-termination-date
officers · TM01
2023-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-04