First Step (UK) Limited
Registered name: FIRST STEP (UK) LIMITED
Part of First Step UK (Eot) Limited groupFirst Step (UK) Limited made £30.8m revenue and £1m profit in the year to 30 Sep 2025. read from filing text
First Step (UK) Limited’s revenue grew 153% to £30.8m in the year to 30 Sep 2025, with £1m profit and 10 employees. The company is classified under “other credit granting” and is based in Bury; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bury, North West
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is a 100% subsidiary of First Step UK (Holdings) Limited, a company registered in England and Wales (company number 09483559).”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £15.1m | £12.2m | £30.8m |
| Cost of sales | — | £11.5m | £8.4m | £27.2m |
| Gross profit | — | £3.6m | £3.8m | £3.5m |
| Operating profit | — | £2.9m | £2.7m | £2.1m |
| Profit before tax | — | £1.6m | £1.3m | £1.4m |
| Profit after tax | — | £909k | £633k | £1m |
| Profit (best available) | — | £909k | £633k | £1m |
| Staff costs | — | £364k | £455k | £697k |
| Employees (average) | 8 | 9 | 9 | 10 |
| Ratios | ||||
| Profit margin | — | 6% | 5.2% | 3.3% |
| Gross margin | — | 23.9% | 30.9% | 11.5% |
| Revenue per employee | — | £1.7m | £1.4m | £3.1m |
| Profit per employee | — | £101k | £70.3k | £101k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼19.6% | ▲152.9% |
| Profit growth | — | — | ▼30.4% | ▲60.2% |
| Headcount growth | — | ▲12.5% | 0% | ▲11.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £420k | £500k | £941k |
| Net assets | £2.4m | £3.1m | £3.2m | £2.3m |
| Fixed assets | £12.2m | £20.6m | £19.6m | £19.4m |
| Current assets | £3.8m | £6.4m | £3.4m | £4.7m |
| Debtors | £602k | £976k | £541k | £3.4m |
| Deferred income | — | — | £0 | £176k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 3.3%
- Profit ÷ revenue.
- Gross margin
- 11.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £3.1m
- Revenue ÷ average employees.
- Profit per employee
- £101k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 63.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼28%
- Now £2.3m
- Cash at bank
- ▲88%
- Now £941k
- Headcount
- ▲11%
- Now 10
- Deferred income
- —
- Now £176k
- Fixed assets
- ▼1%
- Now £19.4m
Group structure
Ownership chain
- First Step UK (Eot) Limitedultimate parent75–100%
- First Step UK (Holdings) Limited75–100%
- First Step (UK) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- First Step Rentals LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.