1ST CONNECTION NETWORKS LIMITED
💤Zombieactive
10761483 · ltd · incorporated 2017-05-09
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
—
Upgrade to see
Turnover
—
year to Apr 2024
Net worth
£-41.0k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other construction installation
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 71/100 (strong), bankability 75/100. 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: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 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
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £41,012
Key financials
1 year extracted from filed iXBRL accountsCash
£330
Net Worth
-£41k
Current Assets
£20k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-04-05 |
|---|---|
| Total assets | £-41.0k |
| Current assets | £20.2k |
| Cash | £330 |
| Debtors | £19.9k |
| Net assets | £-41.0k |
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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
- 2026-02-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-10-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-09-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-25📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-09-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-22📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2017-05-09🏢Company incorporatedAs 1ST CONNECTION NETWORKS LIMITED
- 2017-05-09➕FOSTER, Mark David appointeddirector
- 2017-05-09📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark David Foster Individual · British · DOB 05/1973 · age 53 | 75–100% | — | 75-100% shares | 25/05/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 STOP PAVING YORKSHIRE LIMITED→ 16000824 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1865 DEVELOPMENTS LIMITED→ 16966972 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CIVIL ENGINEERING LTD→ 06418945 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 1ST CLASS ROOFING & SCAFFOLDING SERVICES LTD→ 13588336 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 1ST LAND SERVICES LIMITED→ 13725430 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 AA CONSTRUCTION WORK LIMITED→ 13854719 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 PILLAR SERVICES LTD→ 15622428 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 2C DEVELOPMENTS LIMITED→ 10732148 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 2RUVIA LTD→ 16784864 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 34-36 CANAL ROAD LTD→ 10533309 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 345 CIVIL ENGINEERING LTD→ 17044234 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 3A ELECTRICAL SERVICES LTD→ 15137502 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2017-05-09
Jurisdictionengland-wales
Primary SIC43290 — Other construction installation
Registered office
23 Greenside Close
Leeds
West Yorkshire
LS12 4SB
England
Filing status
Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-05-22
Last: 2025-05-08
Officers (1 active · 0 resigned)
FOSTER, Mark David→
Activedirector · ~53y · appointed 2017-05-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (20 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-05-26
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-14