1ST LEGAL LIMITED
🌳Matureactive
SC422266 · ltd · incorporated 2012-04-19
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. 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
2 live charges · oldest 1.6y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 1.6 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (78/100)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
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 (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | — | £251.1k |
| Current assets | — | £485.1k |
| Cash | — | £397.0k |
| Debtors | — | £88.2k |
| Net assets | — | £236.2k |
| Average employees | 1100 | — |
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
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-07🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2024-09-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-19🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-30➕CURRIE, Claire Elizabeth appointeddirector
- 2021-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-07-31➖STEWART, Mandy resigneddirector
- 2018-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-09-01➕STEWART, Mandy appointeddirector
- 2012-04-19🏢Company incorporatedAs 1ST LEGAL LIMITED
- 2012-04-19➕CURRIE, Anthony David appointeddirector
- 2012-04-19➕CURRIE, Claire Elizabeth appointeddirector
- 2012-04-19➖CURRIE, Claire Elizabeth resigneddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Claire Elizabeth Currie Individual · British · DOB 09/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/04/2021 |
Mr Anthony David Currie Individual · British · DOB 09/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| ACTIVON LIMITED→ SC646068 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADD ONE (SCOTLAND) LIMITED→ SC211286 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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| ADH ENGINEERING LTD→ SC631173 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADR ENGAGEMENT SERVICES LTD→ SC554065 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AHOY POLLOI PRODUCTIONS LTD→ SC616313 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AILSA BUSINESS SOLUTIONS LTD→ SC674406 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AILSA ENGINEERING LTD→ SC807077 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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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
Incorporated2012-04-19
Jurisdictionscotland
Primary SIC69102 — Solicitors
Registered office
12 Wellington Square
Ayr
KA7 1EN
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-03
Last: 2025-04-19
Officers (2 active · 2 resigned)
CURRIE, Anthony David→
Activedirector · ~52y · appointed 2012-04-19
View their other companies + combined net worth →
CURRIE, Claire Elizabeth→
Activedirector · ~44y · appointed 2021-04-30
View their other companies + combined net worth →
CURRIE, Claire Elizabeth→
Resigneddirector · ~44y · appointed 2012-04-19 · resigned 2012-04-19
STEWART, Mandy→
Resigneddirector · ~40y · appointed 2015-09-01 · resigned 2018-07-31
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 2 properties | 07/10/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 19/09/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (43 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-04-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-19
appoint-person-director-company-with-name-date
officers · AP01
2022-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-25