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First Step (Uk) Limited

05326038

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

70 MARKET STREET, BURY, BL8 3LJ
Incorporated 06/01/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64929
64929

Officers

Mr Vincent Roy Ganley

director · Since 17/01/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 8 other boards

Mr Jonathan Andrew Quinn

director · Since 23/10/2024

DIRECTOR

ENGLISH · ENGLAND · Age 34

Also on 3 other boards

Persons with Significant Control

First Step Uk (Holdings) Limited

75–100% shares
75–100% votes

70, Market Street, Bury, BL8 3LJ

Reg: 09483559 · Cardiff · Limited Company

Notified 01/10/2016

Former PSCs

Mrs Lesley Jayne Ganley

Ceased 06/12/2016

Mr Vincent Roy Ganley

Ceased 06/12/2016

Charges5 outstanding

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outstanding

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CompanyRankvs 293+ SIC 64929 peers
49

Financial strength91th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/09/2024

Turnover

£12.2M

Annual revenue

Net Worth

£3.2M

Balance sheet strength

Cash

£500k

Cash in the bank

Profit Before Tax

£1.3M

Bottom line earnings

Net Current Assets

-£3.5M

Working capital

Current Assets

£3.4M

Current Liabilities

£6.9M

Fixed Assets

£19.6M

Debtors

£573k

Cost of Sales

£8.4M

Gross Profit

£3.8M

Admin Expenses

£1.0M

Operating Profit

£2.7M

Profit After Tax

£633k

9avg. employees

Tax at Year End

Dividends paid£550k

People Costs

Wages & salaries£362k

Balance Sheet

Assets less current liabilities£16.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.49+£83k
20231.21

Derived from filed accounts. Not audited figures.