{"name":"TRACE FIRST LIMITED","company_number":"NI065105","status":"Active","type":"Private Limited Company","incorporated":"2007-06-08","dissolved":null,"registered_office":"88a Main Street, Moira, Craigavon, County Down, Northern Ireland, BT67 0LH","postcode":"BT67 0LH","sic_codes":[{"code":58290,"description":"Other software publishing"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"20 April","last_made_up_to":"2025-05-31","next_due":"2027-01-20"},"employees":{"count":22,"accounts_date":"2025-05-31"},"financials":[{"financial_date":"2025-05-31","net_assets":12432913,"cash":37129,"average_employees":22},{"financial_date":"2024-05-31","net_assets":9743764,"cash":564965,"average_employees":20},{"financial_date":"2023-05-31","net_assets":9478026,"cash":956738},{"financial_date":"2022-05-31","net_assets":9287185,"cash":536538},{"financial_date":"2021-05-31","net_assets":7369746,"cash":999806}],"officers":{"current":8,"resigned":1,"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":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Trace First Limited presents a mixed risk profile: the company has built substantial net assets (£12.4M) with minimal external debt over an 18-year operating history, but faces a critical liquidity challenge with cash at just £37,129 against £656,317 in current liabilities. The apparent working capital strength is largely dependent on £1.35M in intercompany receivables that are not readily collectable, and the rapid cash depletion alongside growing financial assets suggests the business may be funding group-level investments at the expense of its own liquidity position. Further investigation into the group structure, the nature of financial assets, and cash flow dynamics is essential before any investment commitment.","website":"https://www.tracefirst.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/trace-first","people":"https://www.companiesintheuk.co.uk/company/trace-first/people","filing_history":"https://www.companiesintheuk.co.uk/company/trace-first/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/NI065105","financials":"https://www.companiesintheuk.co.uk/company/trace-first/financial","control":"https://www.companiesintheuk.co.uk/company/trace-first/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/trace-first/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/trace-first"}