First Step UK (Holdings) Limited
Registered name: FIRST STEP UK (HOLDINGS) LIMITED
Part of First Step UK (Eot) Limited groupFirst Step UK (Holdings) Limited made £1.9m profit in the year to 30 Sep 2025 (revenue not disclosed).
First Step UK (Holdings) Limited reported £1.9m profit in the year to 30 Sep 2025, up 238% on the year before; its revenue was not disclosed. It had 2 employees. The company is classified under “other business support service activities” and is based in Bury; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bury, North West
- Age
- 11 yrs · since 2015
- 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: “Since 23 October 2024 100% of the share capital of the company has been owned by an Employee Ownership Trust (EOT). The trustee of this EOT, First Step UK (EOT) Limited, a company limited by guarantee”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
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 | Profit only | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Cost of sales | — | £11.6m | £8.6m | £27.3m |
| Profit before tax | — | — | £1.5m | £1.4m |
| Profit after tax | — | £247k | £549k | £1.9m |
| Profit (best available) | — | £247k | £549k | £1.9m |
| Staff costs | — | £400k | £455k | £0 |
| Employees (average) | 0 | 0 | 433 | 2 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | — | — | £1.3k | £927k |
| Growth (year on year) | ||||
| Profit growth | — | — | ▲122.5% | ▲237.7% |
| Headcount growth | — | — | — | ▼99.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £966k | £306k | £1.1m | £246k |
| Net assets | £1.2m | £1.3m | £4.8m | £3.1m |
| Fixed assets | — | £804k | £804k | £19.9m |
| Current assets | £966k | £807k | £1.1m | £247k |
| Debtors | £0 | £0 | £0 | £0 |
| Deferred income | — | £0 | £0 | £0 |
| Cash from operations | — | −£521k | −£6.8m | −£6.3m |
| 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
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £927k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▼35%
- Now £3.1m
- Cash at bank
- ▼78%
- Now £246k
- Headcount
- ▼100%
- Now 2
- Deferred income
- —
- Now £0
- Fixed assets
- ▲2372%
- Now £19.9m
Group structure
Ownership chain
- First Step UK (Eot) Limitedultimate parent75–100%
- First Step UK (Holdings) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- First Step (UK) LimitedRev. £30.8m · Profit £1m
- First Step Rentals LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.9m), 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.