# FIRST PRINCIPALS LTD (12988381)

> FIRST PRINCIPALS LTD is an active private limited company (company number 12988381) incorporated on 2 November 2020, registered in London. Its registered activity is preparation and spinning of textile fibres (SIC 13100). Latest micro accounts cover the period ending 30 November 2025, showing net assets of £1,725, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 56% on the prior period (£3,878). Across the last 3 periods on record the net-asset trend is volatile.

- Status: Active
- Incorporated: 2020-11-02
- Registered office: London, N8 9QU
- SIC 13100: Preparation and spinning of textile fibres
- SIC 13922: Manufacture of canvas goods, sacks, etc.
- SIC 14131: Manufacture of other men's outerwear
- SIC 14132: Manufacture of other women's outerwear
- Next accounts due: 2027-08-30
- Confirmation statement due: 2026-11-16
- Accounts type: MICRO ENTITY

By net assets it sits in the lower half of 191 comparable companies in the UK (median £10k, upper quartile £307k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-11-30 | £1,725 | — | — | £1,309 | — | — | 0 |
| 2024-11-30 | £3,878 | — | — | £0 | £6,710 | £1,199 | 0 |
| 2023-11-30 | £0 | — | — | £0 | £4,315 | £655 | — |

current ratio 2.1; net assets trend volatile; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £1,725 at 30 November 2025
- Net assets down 25% or more on the prior period: -55.5% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 2.1
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 2 November 2020

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Nicholas Peter Cameron Evans — holds 75–100% of voting rights; can appoint or remove directors, since 2020-11-02

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/12988381
HTML: https://firmoscan.com/company/12988381-first-principals-ltd