FIRST ADVENTURES LIMITED

🌳Matureactive
SC260386 · ltd · incorporated 2003-12-05
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£1.20M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Pre-primary education
Sector: Education
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 22.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,195,225
Cash YoY
+21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£402k
↑ 21% YoY
Net Worth
£1.2m
↑ 5.5% YoY
Current Assets
£408k
↑ 16% YoY
Current Liabilities
—
£0£239k£478k£717k£956k£1.2mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets£1.20M£1.36M
Current assets£407.8k£351.6k
Cash£401.5k£331.9k
Debtors£6.3k£19.8k
Net assets£1.20M£1.13M

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 (23 events)Click to expand
  1. 2025-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-10-23
    📄
    capital-allotment-shares
    capital · SH01
  4. 2024-10-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2024-02-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-02-01
    ➕
    CARR, Andrew John appointed
    director
  7. 2023-08-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-11-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-08-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-04-01
    ➕
    CARR, Martin William appointed
    director
  17. 2005-12-02
    🔓
    Charge satisfied #2
  18. 2005-12-02
    🔓
    Charge satisfied #1
  19. 2005-01-21
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  20. 2004-03-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  21. 2003-12-05
    🏢
    Company incorporated
    As FIRST ADVENTURES LIMITED
  22. 2003-12-05
    ➕
    CARR, Martin appointed
    secretary
  23. 2003-12-05
    ➕
    CARR, Linda Anne appointed
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — CARR, Andrew John (same surname) appointed 2024-02-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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
Mrs Linda Anne Carr
Individual · British · DOB 06/1952 · age 74
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Martin William Carr
Individual · British · DOB 03/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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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———210023y8375y
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——£123.3k—26y8379y
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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
Incorporated2003-12-05
Jurisdictionscotland
Primary SIC85100 — Pre-primary education

Registered office

53 High Street
Linlithgow
West Lothian
EH49 7ED

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11

Officers (4 active · 0 resigned)

CARR, Martin→
secretary · appointed 2003-12-05
View their other companies + combined net worth →
Active
CARR, Andrew John→
director · ~42y · appointed 2024-02-01
View their other companies + combined net worth →
Active
CARR, Linda Anne→
director · ~74y · appointed 2003-12-05
View their other companies + combined net worth →
Active
CARR, Martin William→
director · ~70y · appointed 2010-04-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/01/200502/12/2005
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property19/03/200402/12/2005

Recent filings (55 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-11
capital-allotment-shares
capital · SH01
2024-10-23
change-account-reference-date-company-previous-extended
accounts · AA01
2024-10-17
appoint-person-director-company-with-name-date
officers · AP01
2024-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-22
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-12