1-2-LET (LETTINGS & SALES) LTD
Opportunity 74/100 (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: share sale to pe / searcher (58/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-04-30 | 2023-04-30 |
|---|---|---|
| Total assets | £331.1k | £218.6k |
| Current assets | £287.0k | £338.9k |
| Net assets | £331.1k | £218.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (19 events)Click to expand
- 2025-04-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-24📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-24➖MCLAUGHLIN, Lesley resigneddirector
- 2020-03-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-23📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-09-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-09-17➕MCLAUGHLIN, Lesley appointeddirector
- 2018-03-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-06-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-06-11🏢Company incorporatedAs 1-2-LET (LETTINGS & SALES) LTD
- 2012-06-11➕FRIEL, Vincent Martin appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Vincent Martin Friel Individual · British · DOB 04/1971 · age 55 | — | — | sig. influencesignificant influence · firm interest | 01/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.