FIRST STEP UK (HOLDINGS) LIMITED
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Cash
£1.3m
-21.3% vs 2024
Net assets
£3.1m
-35% vs 2024
Employees
10
+11.1% highest in 6 filed years
Profit before tax
£1.4m
-5.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £15,329,250 | £12,543,316 | £30,929,059 | +146.6% | |
| Operating profit | — | — | — | £2,998,111 | £2,942,775 | £2,142,059 | -27.2% | |
| Profit before tax | — | — | — | £1,707,816 | £1,480,939 | £1,403,892 | -5.2% | |
| Net profit | — | — | — | £1,020,672 | £814,814 | £1,039,085 | +27.5% | |
| Cash | £1,106,280 | £153,257 | £966,148 | £744,917 | £1,705,201 | £1,342,436 | -21.3% | |
| Total assets less current liabilities | £1,096,282 | £983,893 | £1,217,154 | £22,844,753 | £17,785,197 | £14,201,340 | -20.2% | |
| Net assets | £1,056,282 | £983,893 | — | £4,140,633 | £4,793,278 | £3,113,868 | -35% | |
| Equity | £1,056,282 | £983,893 | £1,217,154 | £4,140,633 | £4,793,278 | £3,113,868 | -35% | |
| Average employees | 0 | 0 | 0 | 9 | 9 | 10 | +11.1% | |
| Wages | — | — | — | £274,148 | £361,858 | £556,771 | +53.9% | |
| Directors' remuneration | — | — | — | — | £21,690 | £199,683 | +820.6% | |
| Directors' pension contributions | — | — | — | — | £79,200 | £58,428 | -26.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 19.6% | 23.5% | 6.9% | |
| Net margin | — | — | — | 6.7% | 6.5% | 3.4% | |
| Return on capital employed | — | — | — | 13.1% | 16.5% | 15.1% | |
| Gearing (liabilities / total assets) | — | — | — | 85.2% | 80.6% | 87.5% | |
| Current ratio | — | — | — | 1.39x | 0.68x | 0.47x | |
| Interest cover | — | — | — | 2.32x | 2.00x | 2.90x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- DJH Audit Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- FIRST STEP UK (HOLDINGS) LIMITED · parent
- First Step (UK) Limited 100%
- First Step Rentals Limited 100%
Significant events
- “In October 2024, the company transitioned to employee ownership through the establishment of an Employee Ownership Trust (EOT).”
- “Since the year end, the company has made further voluntary contributions of £776,512 to its Employee Ownership Trust.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GANLEY, Vincent Roy | Director | 2015-03-11 | Sep 1965 | British |
| QUINN, Jonathan Andrew | Director | 2024-10-23 | Dec 1991 | English |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GANLEY, Lesley Jayne | Director | 2015-03-11 | 2024-10-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| First Step Uk (Eot) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-23 | Active |
| Mr Vincent Roy Ganley | Individual | Shares 25–50%, Voting 25–50% | 2017-02-10 | Ceased 2024-10-23 |
| Mrs Lesley Jayne Ganley | Individual | Shares 25–50%, Voting 25–50% | 2017-02-10 | Ceased 2024-10-23 |
Filing timeline
Last 20 of 31 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-12 MA Memorandum articles
- 2024-11-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type group | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-12 | MA | incorporation | Memorandum articles | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-05-19 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.