1ST STEP PROPERTIES LIMITED
Opportunity 67/100 (strong), bankability 55/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (4 events)Click to expand
- 2025-03-27🏢Company incorporatedAs 1ST STEP PROPERTIES LIMITED
- 2025-03-27➕IYANGBE, Mary appointeddirector
- 2025-03-27➕IYANGBE, Raphael appointeddirector
- 2025-03-27📄incorporation-companyincorporation · NEWINC
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.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.2 years old — management layer unlikely to be developed.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-09
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Raphael Iyangbe Individual · Nigerian · DOB 09/1966 · age 60 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/03/2025 |
Mrs Mary Iyangbe Individual · British · DOB 12/1975 · age 51 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/03/2025 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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.
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Filing status
Officers (2 active · 0 resigned)
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