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First Option Limited

02453594

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

SIGNAL HOUSE, ALRESFORD, SO24 9JJ
Incorporated 19/12/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62090
Other information technology service activities
70229
Management consultancy activities
85590
Other education

Officers

Mr Timothy Clifton John Considine

director · Since 30/08/2000

CONSULTANT

BRITISH · ENGLAND · Age 65

Also on 5 other boards

Persons with Significant Control

Tim Considine

75–100% shares
75–100% votes
Appoint directors

British · England · Age 65

Signal House, Jacklyns Lane, Alresford, SO24 9JJ

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 15/07/2010Registered 29/07/2010
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 13/07/2010Registered 15/07/2010
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 22/07/1999Registered 26/07/1999Satisfied 14/03/2021
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/12/1998Registered 05/01/1999Satisfied 14/03/2021
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 05/01/1998Registered 22/01/1998Satisfied 14/03/2021
charge
satisfied

FIRST NATIONAL BANK PLC

Created 10/10/1994Registered 12/10/1994Satisfied 14/03/2021
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 29/10/1991Registered 11/11/1991Satisfied 04/02/2011
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 29/10/1991Registered 11/11/1991Satisfied 14/03/2021
charge
satisfied

LLOYDS BANK PLC

Created 16/03/1990Registered 21/03/1990Satisfied 10/07/1992
charge
satisfied

LLOYDS BANK PLC

Created 29/01/1990Registered 01/02/1990Satisfied 10/07/1992

CompanyRankvs 15595+ SIC 62012 peers
52

Financial strength96th percentile among SIC peers · 24/25
Employees43th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.27× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2024

Net Worth

£822k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£181k

Working capital

Current Assets

£66k

Current Liabilities

£248k

Fixed Assets

£1.1M

1avg. employees

Tax at Year End(2021)

Corp tax£14k
VAT£30k

Director Loans(2021)

Company owes directors£18k

Balance Sheet

Assets less current liabilities£871k
Prepared with FreeAgent

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.27+£15k
20230.28-£7k
20220.19-£18k
20210.23+£115k£596k
20200.11-£41k£737k
20190.16+£16k£730k
20180.22

Derived from filed accounts. Not audited figures.