1ST CODE LTD

💤Zombieactive
13476570 · ltd · incorporated 2021-06-25
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
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Turnover
year to Jun 2025
Net worth
£100
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Sound recording and music publishing activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62012Business and domestic software development
  • 62090Other information technology service activities
  • 73110Advertising agencies
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. 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: strategic trade sale (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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 £100

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£100
Current Assets
£100
Current Liabilities
£0£20£40£60£80£100Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£100
Current assets£100
Net assets£100

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
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 change-of-name
Last 180 days
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 change-of-name
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2025-04-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-12-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2023-03-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-06-25
    🏢
    Company incorporated
    As 1ST CODE LTD
  10. 2021-06-25
    BEJENARU, Elena appointed
    director
  11. 2021-06-25
    📄
    incorporation-company
    incorporation · NEWINC

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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-02-25: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Elena Bejenaru
Individual · Romanian · DOB 03/1976 · age 50
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/06/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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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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Company details

Statusactive
Typeltd
Incorporated2021-06-25
Jurisdictionengland-wales
Primary SIC59200 — Sound recording and music publishing activities

Registered office

71-75 Shelton Street
London
Greater London
WC2H 9JQ
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-01-06
Last: 2025-12-23

Officers (1 active · 0 resigned)

BEJENARU, Elena
director · ~50y · appointed 2021-06-25
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-01
certificate-change-of-name-company
change-of-name · CERTNM
2026-02-25
accounts-with-accounts-type-dormant
accounts · AA
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
accounts-with-accounts-type-dormant
accounts · AA
2024-03-30
certificate-change-of-name-company
change-of-name · CERTNM
2023-12-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-dormant
accounts · AA
2023-03-22
change-person-director-company-with-change-date
officers · CH01
2022-10-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
incorporation-company
incorporation · NEWINC
2021-06-25