1ST LETTINGS (YORKSHIRE) LIMITED
- · Oldest live charge 18.1y old — refinance window within 12 months
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 18.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (68/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 400 | 700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (25 events)Click to expand
- 2026-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2018-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-02-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-01-16➖BHACHU, Amarjit Kaur resignedsecretary
- 2017-07-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-07-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-01-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2008-03-29🔒Charge registered #1Lender: National Westminster Bank PLC
- 2008-01-10➕BHACHU, Jaspal Singh appointeddirector
- 2008-01-10➕BHACHU, Manmohan Singh appointeddirector
- 2008-01-10➕BHACHU, Amarjit Kaur appointedsecretary
- 2008-01-08➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2008-01-08➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2008-01-07🏢Company incorporatedAs 1ST LETTINGS (YORKSHIRE) LIMITED
- 2008-01-07➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2008-01-07➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
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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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 29/03/2008 | — |