1ST COVERALL HOLDINGS LTD
Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (38/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-02-29 |
|---|---|
| Total assets | £4.19M |
| Current assets | £1.21M |
| Cash | £656.9k |
| Debtors | £549.5k |
| Net assets | £389.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
- • 2 officers
- • 1 persons-with-significant-control
- • 1 address
- • 2 officers
- • 1 persons-with-significant-control
- • 1 address
- • 2 officers
- • 2 gazette
- • 1 persons-with-significant-control
Corporate timeline (27 events)Click to expand
- 2026-07-20📄change-person-director-company-with-change-dateofficers · CH01
- 2026-07-17📄change-person-director-company-with-change-dateofficers · CH01
- 2026-07-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-07-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-04-28📄gazette-notice-compulsorygazette · GAZ1
- 2025-11-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-09-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-09-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-17📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-09-15📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-09-15📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-03-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-05📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2025-02-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-10➖CUNNINGHAM, Myles resigneddirector
- 2025-01-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-21🏢Company incorporatedAs 1ST COVERALL HOLDINGS LTD
- 2020-02-21➕CUNNINGHAM, Luke appointeddirector
- 2020-02-21➕CUNNINGHAM, Sadie appointeddirector
- 2020-02-21➕CUNNINGHAM, Myles appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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: 2026-02-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-01
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Luke Cunningham Individual · British · DOB 02/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/02/2025 |
Miss Sadie Jane Cunningham Individual · British · DOB 02/1971 · age 55 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/02/2020 |
Mr Myles Cunningham Individual · British · DOB 01/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/02/2020 |
2 historic (ceased) PSCs
- Mr Luke Cunninghamceased 08/01/2025· board control
- Mr Myles Cunninghamceased 08/01/2025· board control
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.
See pricing →Similar companies
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9 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 · 1 resigned)
Click a director name to see their full track record across all companies.