1ST STEP MANAGMENT LTD

💤Zombieactive
14436146 · ltd · incorporated 2022-10-21
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 Oct 2024
Net worth
£333
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62090Other information technology service activities
  • 70229Management consultancy activities other than financial management
  • 78200Temporary employment agency activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle 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: 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
2 officers (1 active, 2 linked, 2 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
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £333

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£333
Current Assets
£4k
Current Liabilities
£0£836£2k£3k£3k£4kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£333
Current assets£4.2k
Net assets£333

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
1
filing
  • 1 officers
Last 180 days
2
filings
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-03-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2025-11-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-11-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-09-04
    BUTT, Sheraz Ul Hassan appointed
    director
  6. 2025-09-04
    BUTT, Sheraz Ul Hassan resigned
    director
  7. 2025-09-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2025-09-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2024-09-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2022-10-21
    🏢
    Company incorporated
    As 1ST STEP MANAGMENT LTD
  13. 2022-10-21
    BUTT, Sheraz Ul Hassan appointed
    director
  14. 2022-10-21
    📄
    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 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Sheraz Ul Hassan Butt
Individual · Pakistani · DOB 07/1979 · age 47
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/10/2022

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.

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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.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2022-10-21
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

20 Wenlock Rd Wenlock Rd
London
N1 7GU
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-17
Last: 2025-11-03

Officers (1 active · 1 resigned)

BUTT, Sheraz Ul Hassan
director · ~47y · appointed 2025-09-04
View their other companies + combined net worth →
Active
BUTT, Sheraz Ul Hassan
director · ~47y · appointed 2022-10-21 · resigned 2025-09-04
Resigned

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

Recent filings (14 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-21
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-05
gazette-notice-compulsory
gazette · GAZ1
2025-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-04
termination-director-company-with-name-termination-date
officers · TM01
2025-09-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-09
accounts-with-accounts-type-dormant
accounts · AA
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-26
incorporation-company
incorporation · NEWINC
2022-10-21