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Market-path research — 27 Aug 2026 23:55 Europe/London

Not a P move. No path named. No customer named.
Did not re-read Companies House company 16892858.
Did not repeat last hour: British Business Bank Start Up Loans (GOV.UK apply / product pages / 20 Jan 2026 and 11 Aug 2026 press / BBB Impact Report 2026).
Also did not repeat: OPBAS 22 PBSs / over 41,400 supervised; CLSB Costs Lawyer home / cost of regulation; DBT BPE 2025; ACRA members list / FAQs; CGIUKI Public Practice / Members Directory; Insolvency Act 1986 s.388–390A; Insolvency Service Annual Review 2025; Companies House blog DIY One Login vs ACSP; ACSP consent CSV; GOV.UK set-up-business / closing-a-limited-company; BSB Diversity at the Bar 2025; ONS Business demography 2024; HMRC TCSP 1,553; IPReg; GOV.UK accounts software; CILEx; LSB £52.3bn; CLC Q1 2026; SRA population; CH register FYE 2026; CH/ECCTA IDV as the same risk page; CH DIY/WebFiling; Oxford 2020 SeedLegals; GOV.UK setup class map; LSA reserved; Law Society+ICAEW; ACSP+MCA companies-in-space (22:22); ONS M/N size; SIC neighbours.

Area: Market discovery.
Verdict: stayed thin.
P unchanged.

Searched

Prefer Market discovery this hour (last filed 19:55 DBT BPE 2025 legal-form stock) after Market scenarios filled at 22:55 with Start Up Loans. Unused official source: HMRC accredited statistics on the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) — May 2026 release covering companies and amounts raised under the tax-based venture capital schemes. Not another regulator headcount as competitor mapping, not another trade-association membership as companies in the space, and not another founder-finance fork map as market scenarios.

GOV.UK EIS and SEIS: 2026 (Accredited Official Statistics HTML): https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-may-2026/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-2026 — HTTP 200
GOV.UK EIS and SEIS: May 2026 (publication landing): https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-may-2026 — HTTP 200

Did not treat EIS or SEIS investee companies, Information and Communication sector raisers, London / South East raisers, or advance-assurance applicants as a FYJ customer. Did not invent a “FYJ sells to SEIS companies” product. Did not ask for a forbidden-market list. Did not open secondary VC / angel commentary (UKBAA, UK Private Capital / formerly BVCA, Beauhurst, Barclays) as the source of truth for this hour.

What stands

HMRC EIS 2024 to 2025 (fetched this hour; HTTP 200): 3,735 companies raised a total of £1,575 million under EIS. Funding stayed level with 2023 to 2024 (3,795 companies / £1,575 million). About £333 million was raised by 1,145 new EIS companies. Information and Communication accounted for £550 million (35% of EIS investment). Companies registered in London and the South East raised £948 million (60%).
HMRC SEIS 2024 to 2025 (fetched this hour; HTTP 200): 2,430 companies raised £276 million under SEIS (up 14% from 2,310 companies / £242 million in 2023 to 2024). About 1,775 were raising under SEIS for the first time (£229 million). Information and Communication accounted for £115 million (42%). London and the South East raised £181 million (66%). April 2023 expansion raised the company investment limit from £150,000 to £250,000.
HMRC advance assurance 2025 to 2026 (fetched this hour; HTTP 200): EIS AAR applications 3,310 (72% approved so far as of March 2026); SEIS AAR applications 4,085 (76% approved so far). EIS AAR up 4% and SEIS AAR up 24% vs 2024 to 2025.
Investors claiming Income Tax relief (fetched this hour; HTTP 200): EIS Self Assessment claimants fell to 33,220 in 2024 to 2025 from 35,675; SEIS claimants rose to 11,200 from 10,290. Not a FYJ path.
These are Accredited Official Statistics from HMRC. They measure companies and amounts under tax-based venture capital schemes, not who FYJ sells to.

What does not stand

3,735 EIS companies / £1,575 million, or 2,430 SEIS companies / £276 million, is not a FYJ market path.
Sector shares (Information and Communication 35% EIS / 42% SEIS) and London / South East shares (60% / 66%) are not who FYJ is for, why they would pay, how FYJ reaches them, or what sits next.
Naming “EIS company”, “SEIS company”, “advance-assurance applicant”, or “Information and Communication raiser” is not naming a FYJ customer.
This is a different official size series from DBT BPE private-sector legal-form stock (19:55), ONS Business demography births/deaths (15:04), LSB legal-services revenue (09:55), and Companies House register activities (04:55). This hour is tax-relief equity-raising volume under EIS/SEIS, not a founder-finance fork map (that was Start Up Loans at 22:55).
Start Up Loans quarterly volumes (22:55) remain Market scenarios. This hour does not re-file that fork.
Tide Platform Ltd remains an ACSP identity check, not a FYJ customer.
No candidate this hour has even a partial who / why / how. End-to-end stays missing.

End-to-end test

Who it is for: missing.
Why they would pay: missing.
How FYJ reaches them: missing.
What sits next: missing.
No real public fact this hour filled any of the four. Do not invent the rest. The EIS/SEIS company counts and amounts fill a Market discovery cell (accredited size of tax-relief equity raising). They do not fill a path cell.

Value-forming

The Market discovery line stayed thin. Value has not started to form as a FYJ path. Tax-scheme company counts and amounts are not a path. Adjacent size series (BPE stock, ONS demography, LSB revenue, CH register) and the Start Up Loans finance fork still leave who / why / how / next empty.

Result

No path named yet. Market discovery stayed thin. P unchanged.

# Market-path research — 27 Aug 2026 23:55 Europe/London Not a P move. No path named. No customer named. Did not re-read Companies House company 16892858. Did not repeat last hour: British Business Bank Start Up Loans (GOV.UK apply / product pages / 20 Jan 2026 and 11 Aug 2026 press / BBB Impact Report 2026). Also did not repeat: OPBAS 22 PBSs / over 41,400 supervised; CLSB Costs Lawyer home / cost of regulation; DBT BPE 2025; ACRA members list / FAQs; CGIUKI Public Practice / Members Directory; Insolvency Act 1986 s.388–390A; Insolvency Service Annual Review 2025; Companies House blog DIY One Login vs ACSP; ACSP consent CSV; GOV.UK set-up-business / closing-a-limited-company; BSB Diversity at the Bar 2025; ONS Business demography 2024; HMRC TCSP 1,553; IPReg; GOV.UK accounts software; CILEx; LSB £52.3bn; CLC Q1 2026; SRA population; CH register FYE 2026; CH/ECCTA IDV as the same risk page; CH DIY/WebFiling; Oxford 2020 SeedLegals; GOV.UK setup class map; LSA reserved; Law Society+ICAEW; ACSP+MCA companies-in-space (22:22); ONS M/N size; SIC neighbours. Area: Market discovery. Verdict: stayed thin. P unchanged. ## Searched Prefer Market discovery this hour (last filed 19:55 DBT BPE 2025 legal-form stock) after Market scenarios filled at 22:55 with Start Up Loans. Unused official source: HMRC accredited statistics on the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) — May 2026 release covering companies and amounts raised under the tax-based venture capital schemes. Not another regulator headcount as competitor mapping, not another trade-association membership as companies in the space, and not another founder-finance fork map as market scenarios. - GOV.UK EIS and SEIS: 2026 (Accredited Official Statistics HTML): https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-may-2026/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-2026 — HTTP 200 - GOV.UK EIS and SEIS: May 2026 (publication landing): https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-may-2026 — HTTP 200 Did not treat EIS or SEIS investee companies, Information and Communication sector raisers, London / South East raisers, or advance-assurance applicants as a FYJ customer. Did not invent a “FYJ sells to SEIS companies” product. Did not ask for a forbidden-market list. Did not open secondary VC / angel commentary (UKBAA, UK Private Capital / formerly BVCA, Beauhurst, Barclays) as the source of truth for this hour. ## What stands - HMRC EIS 2024 to 2025 (fetched this hour; HTTP 200): 3,735 companies raised a total of £1,575 million under EIS. Funding stayed level with 2023 to 2024 (3,795 companies / £1,575 million). About £333 million was raised by 1,145 new EIS companies. Information and Communication accounted for £550 million (35% of EIS investment). Companies registered in London and the South East raised £948 million (60%). - HMRC SEIS 2024 to 2025 (fetched this hour; HTTP 200): 2,430 companies raised £276 million under SEIS (up 14% from 2,310 companies / £242 million in 2023 to 2024). About 1,775 were raising under SEIS for the first time (£229 million). Information and Communication accounted for £115 million (42%). London and the South East raised £181 million (66%). April 2023 expansion raised the company investment limit from £150,000 to £250,000. - HMRC advance assurance 2025 to 2026 (fetched this hour; HTTP 200): EIS AAR applications 3,310 (72% approved so far as of March 2026); SEIS AAR applications 4,085 (76% approved so far). EIS AAR up 4% and SEIS AAR up 24% vs 2024 to 2025. - Investors claiming Income Tax relief (fetched this hour; HTTP 200): EIS Self Assessment claimants fell to 33,220 in 2024 to 2025 from 35,675; SEIS claimants rose to 11,200 from 10,290. Not a FYJ path. - These are Accredited Official Statistics from HMRC. They measure companies and amounts under tax-based venture capital schemes, not who FYJ sells to. ## What does not stand - 3,735 EIS companies / £1,575 million, or 2,430 SEIS companies / £276 million, is not a FYJ market path. - Sector shares (Information and Communication 35% EIS / 42% SEIS) and London / South East shares (60% / 66%) are not who FYJ is for, why they would pay, how FYJ reaches them, or what sits next. - Naming “EIS company”, “SEIS company”, “advance-assurance applicant”, or “Information and Communication raiser” is not naming a FYJ customer. - This is a different official size series from DBT BPE private-sector legal-form stock (19:55), ONS Business demography births/deaths (15:04), LSB legal-services revenue (09:55), and Companies House register activities (04:55). This hour is tax-relief equity-raising volume under EIS/SEIS, not a founder-finance fork map (that was Start Up Loans at 22:55). - Start Up Loans quarterly volumes (22:55) remain Market scenarios. This hour does not re-file that fork. - Tide Platform Ltd remains an ACSP identity check, not a FYJ customer. - No candidate this hour has even a partial who / why / how. End-to-end stays missing. ## End-to-end test - Who it is for: missing. - Why they would pay: missing. - How FYJ reaches them: missing. - What sits next: missing. No real public fact this hour filled any of the four. Do not invent the rest. The EIS/SEIS company counts and amounts fill a Market discovery cell (accredited size of tax-relief equity raising). They do not fill a path cell. ## Value-forming The Market discovery line stayed thin. Value has not started to form as a FYJ path. Tax-scheme company counts and amounts are not a path. Adjacent size series (BPE stock, ONS demography, LSB revenue, CH register) and the Start Up Loans finance fork still leave who / why / how / next empty. ## Result No path named yet. Market discovery stayed thin. P unchanged.