1ST PRACTICE HOLDINGS LIMITED

🌿Early-stageactive
15038068 · ltd · incorporated 2023-07-31
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 2.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 2.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30
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
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2023-10-05
    📄
    memorandum-articles
    incorporation · MA
  4. 2023-10-05
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2023-10-05
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-09-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-09-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-09-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-09-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-09-27
    OSBORNE, Philip James appointed
    director
  11. 2023-09-27
    INNES, Paul James resigned
    director
  12. 2023-09-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-09-27
    🔒
    Charge registered #1
    Lender: Stuart Osborne
  14. 2023-07-31
    🏢
    Company incorporated
    As 1ST PRACTICE HOLDINGS LIMITED
  15. 2023-07-31
    INNES, Victoria Emily appointed
    director
  16. 2023-07-31
    INNES, Paul James appointed
    director
  17. 2023-07-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Philip James Osborne
Individual · British · DOB 06/1983 · age 43
2550%
25–50%25-50% shares · 25-50% voting27/09/2023
Mrs Victoria Emily Innes
Individual · British · DOB 03/1982 · age 44
2550%
25–50%25-50% shares · 25-50% voting31/07/2023
1 historic (ceased) PSC
  • Mr Paul James Innesceased 27/09/2023· 25-50% shares · 25-50% voting

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2023-07-31
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

4 - 6 Swaby's Yard
Walkergate
Beverley
East Yorkshire
HU17 9BZ
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (2 active · 1 resigned)

INNES, Victoria Emily
director · ~44y · appointed 2023-07-31
View their other companies + combined net worth →
Active
OSBORNE, Philip James
director · ~43y · appointed 2023-09-27
View their other companies + combined net worth →
Active
INNES, Paul James
director · ~48y · appointed 2023-07-31 · resigned 2023-09-27
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Stuart Osborne / Linda Susan Osborne
A registered charge2 properties27/09/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
change-account-reference-date-company-previous-extended
accounts · AA01
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-12
memorandum-articles
incorporation · MA
2023-10-05
capital-name-of-class-of-shares
capital · SH08
2023-10-05
resolution
resolution · RESOLUTIONS
2023-10-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-28
termination-director-company-with-name-termination-date
officers · TM01
2023-09-28
appoint-person-director-company-with-name-date
officers · AP01
2023-09-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-27
incorporation-company
incorporation · NEWINC
2023-07-31