{"name":"FIRST OPTION LIMITED","company_number":"02453594","status":"Active","type":"Private Limited Company","incorporated":"1989-12-19","dissolved":null,"registered_office":"Signal House, Jacklyns Lane, Alresford, Hampshire, SO24 9JJ","postcode":"SO24 9JJ","sic_codes":[{"code":62012,"description":"Business and domestic software development"},{"code":62090,"description":"Other information technology service activities"},{"code":70229,"description":"Management consultancy activities other than financial management"},{"code":85590,"description":"Other education not elsewhere classified"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Micro","year_end":"24 December","last_made_up_to":"2025-12-24","next_due":"2027-09-24"},"employees":{"count":1,"accounts_date":"2025-12-24"},"financials":[{"financial_date":"2025-12-24","net_assets":867690,"average_employees":1},{"financial_date":"2024-06-30","net_assets":822208,"average_employees":1},{"financial_date":"2023-06-30","net_assets":806959,"average_employees":1},{"financial_date":"2022-06-30","net_assets":813546},{"financial_date":"2021-06-30","net_assets":831052,"cash":16811}],"officers":{"current":1,"resigned":12,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":8,"outstanding":6},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"FIRST OPTION LIMITED has built a respectable asset foundation over 35 years, with £822k in net assets providing genuine balance sheet resilience—yet it remains operationally fragile due to severe working capital deficits, single-person dependency, and revenue streams that appear insufficient relative to its asset base. The strategic path forward requires unlocking value from the substantial fixed asset holdings to resolve liquidity constraints, then investing in team expansion and service formalization to convert accumulated expertise into scalable, recurring revenue. Without this transition, the company risks remaining a wealthy balance sheet searching for a sustainable business model.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/first-option","people":"https://www.companiesintheuk.co.uk/company/first-option/people","filing_history":"https://www.companiesintheuk.co.uk/company/first-option/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02453594","financials":"https://www.companiesintheuk.co.uk/company/first-option/financial","control":"https://www.companiesintheuk.co.uk/company/first-option/control","charges":"https://www.companiesintheuk.co.uk/company/first-option/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/first-option/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/first-option"}