1ST CHOICE CARPETS AND FLOORING LIMITED
🏛️Establishedactive
10653603 · ltd · incorporated 2017-03-06
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 Mar 2025
Net worth
£280.6k
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Special-situation opportunityDistressed retail with salvageable qualities — special-situations priority.
Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (63/100).
Data confidence
Overall: medium (77/100)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 (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £280,610
Net assets shrinking
Down £10,428 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£281k
↓ 3.6% YoY
Current Assets
£215k
↑ 27% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £280.6k | £291.0k |
| Current assets | £214.9k | £169.7k |
| Net assets | £280.6k | £291.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-12-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-03-04📄gazette-notice-compulsorygazette · GAZ1
- 2024-09-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-01➕EDDY, Richard appointeddirector
- 2024-02-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-06-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-05-23📄gazette-notice-compulsorygazette · GAZ1
- 2023-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-05-24📄gazette-notice-compulsorygazette · GAZ1
- 2022-03-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-03-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-08📄gazette-notice-compulsorygazette · GAZ1
- 2020-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-09➕EDDY, Charlotte appointedsecretary
- 2020-12-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-02-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-06-01➖EDDY, Richard resigneddirector
- 2017-03-06🏢Company incorporatedAs 1ST CHOICE CARPETS AND FLOORING LIMITED
- 2017-03-06➕EDDY, Michael Colin appointeddirector
- 2017-03-06➕EDDY, Richard appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-19
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Colin Eddy Individual · British · DOB 01/1979 · age 47 | 25–50% | — | 25-50% shares | 01/03/2023 |
Mr Richard Eddy Individual · British · DOB 01/1979 · age 47 | — | 25–50% | 25-50% voting | 06/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 8 O CLOCK LIMITED LIMITED→ 16198932 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| A AND J (GB) LTD→ 08512757 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Available from the Pro tier upwards.
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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.
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See pricing →Company details
Statusactive
Typeltd
Incorporated2017-03-06
Jurisdictionengland-wales
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Registered office
Unit 1 Hopton Road
Devizes
SN10 2FD
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-19OVERDUE
Last: 2025-03-05
Officers (3 active · 1 resigned)
Active
EDDY, Michael Colin→
Activedirector · ~47y · appointed 2017-03-06
View their other companies + combined net worth →
EDDY, Richard→
Activedirector · ~47y · appointed 2024-09-01
View their other companies + combined net worth →
EDDY, Richard→
Resigneddirector · ~47y · appointed 2017-03-06 · resigned 2019-06-01
Click a director name to see their full track record across all companies.
Recent filings (31 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-01
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-30
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
appoint-person-director-company-with-name-date
officers · AP01
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-03
gazette-filings-brought-up-to-date
gazette · DISS40
2023-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-06-09
gazette-notice-compulsory
gazette · GAZ1
2023-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24