1ST LETS (SOUTH) LTD
Opportunity 71/100 (strong), bankability 85/100. 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).
Refinance opportunity
3 live charges · oldest 8.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £298.7k | £278.8k |
| Current assets | £107.5k | £13.9k |
| Net assets | £295.6k | £202.5k |
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
- • 3 officers
- • 1 accounts
- • 3 officers
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2026-02-26➕IQBAL, Sohail appointedsecretary
- 2026-02-26➕IQBAL, Vaseem appointedsecretary
- 2026-02-26➖IQBAL, Vaseem resignedsecretary
- 2026-02-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-02-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-02-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-02-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-01🔓Charge satisfied #3
- 2025-04-01🔓Charge satisfied #2
- 2025-04-01🔓Charge satisfied #1
- 2024-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-12➕IQBAL, Nadeem appointeddirector
- 2021-08-12➖ASLAM, Nighat resigneddirector
- 2021-08-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-01-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-12➕ASLAM, Nighat appointeddirector
- 2019-03-12➖IQBAL, Nadeem resigneddirector
- 2017-09-21🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2017-09-21🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2017-05-25🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2017-03-27🏢Company incorporatedAs 1ST LETS (SOUTH) LTD
- 2017-03-27➕IQBAL, Nadeem 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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nadeem Iqbal Individual · British · DOB 02/1969 · age 57 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/03/2017 |
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.
See pricing →Similar companies
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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 | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 21/09/2017 | 01/04/2025 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 21/09/2017 | 01/04/2025 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 25/05/2017 | 01/04/2025 |