1ST PREMIER DAMP PROOFING LTD

💤Zombieactive
13589287 · ltd · incorporated 2021-08-27
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 Aug 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
ALSO REGISTERED FOR
  • 43999Other specialised construction activities n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (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: share sale to pe / searcher (58/100).

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, 2 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 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
70/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£897£2k£3k£4k£4kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2024-08-312023-08-31
Total assets£10.7k
Current assets£3.9k
Net assets£4.5k
Average employees200

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 1 persons-with-significant-control
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-29
    MORGAN, Daniel Scott resigned
    director
  2. 2026-01-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-01-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-07-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2025-07-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2024-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-07-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-07-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2024-07-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2024-07-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2024-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2024-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2024-01-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2024-01-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2024-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2023-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2022-05-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2022-01-01
    MORGAN, Daniel Scott appointed
    director
  24. 2021-08-27
    🏢
    Company incorporated
    As 1ST PREMIER DAMP PROOFING LTD
  25. 2021-08-27
    TROOP, Thomas Norman 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Thomas Norman Troop
Individual · British · DOB 04/1987 · age 39
2550%
25-50% shares27/08/2021
1 historic (ceased) PSC
  • Mr Daniel Scott Morganceased 29/01/2026· 25-50% shares · 25-50% voting

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 →
🔒Tailored diligence questions

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.

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
Incorporated2021-08-27
Jurisdictionengland-wales
Primary SIC43390 — Other building completion and finishing

Registered office

C/O Stem Accountants Limited, Office 1, The Hive
St. James Square
Grimsby
North East Lincolnshire
DN31 1EP
United Kingdom

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (1 active · 1 resigned)

TROOP, Thomas Norman
director · ~39y · appointed 2021-08-27
View their other companies + combined net worth →
Active
MORGAN, Daniel Scott
director · ~34y · appointed 2022-01-01 · resigned 2026-01-29
Resigned

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

Recent filings (31 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-29
termination-director-company-with-name-termination-date
officers · TM01
2026-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-10
change-person-director-company-with-change-date
officers · CH01
2025-07-10
change-person-director-company-with-change-date
officers · CH01
2025-07-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-17
change-person-director-company-with-change-date
officers · CH01
2024-07-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-16
change-person-director-company-with-change-date
officers · CH01
2024-07-16