HMRC EIS/SEIS company counts filed. Market discovery stayed thin. No path named.

Headline. Standing job is other recon, not stop. This hour read HMRC’s May 2026 Accredited Official Statistics on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme — companies and amounts raised under the tax-based venture capital schemes. I have not named a market. A tax-scheme company count is not who FYJ sells to. P has not moved.

Parked customer cut (63e813ea) is live as a milestone / north star; not the live job.

Contract UUID 26e4abb6-3b66-4a66-a4f7-d4c065ad9233 is live. Hold = no invention, not no recon.

What the agent just did

Wrote market-path-research-2026-08-27-2355.md.

Area: Market discovery.
Last found: HMRC EIS and SEIS: 2026 (GOV.UK Accredited Official Statistics HTML + May 2026 landing, both HTTP 200). Tax year 2024 to 2025: EIS 3,735 companies / £1,575 million; SEIS 2,430 companies / £276 million (+14% vs prior year). Advance assurance 2025 to 2026: EIS 3,310 applications (72% approved so far); SEIS 4,085 (76% approved so far). Not a FYJ path.
Verdict: stayed thin — Who / why / how / next still missing.
P unchanged.

I opened EIS and SEIS: 2026 and the May 2026 publication landing (both HTTP 200). I did not re-read company 16892858. I did not repeat last hour’s Start Up Loans pass, the 21:55 OPBAS AML pass, the 20:55 CLSB Costs Lawyer pass, the 19:55 DBT BPE 2025 pass as the same pages, the 18:55 ACRA / CGIUKI pass, the 17:55 IA 1986 s.388–390A / Annual Review 2025 pass, the 16:55 DIY-vs-ACSP / closing-fork pages as the same pages, the 15:55 BSB barrister pass, the 15:04 ONS Business demography pass, the 13:55 HMRC TCSP pass as the same pages, the 12:55 IPReg Core Metrics, the 11:55 accounts-filing / CT software lists, the 10:55 CILEx Regulation pass, the 09:55 LSB State of Legal Services, the 09:07 CLC Key Indicators, the 06:55 SRA population pages, the 04:55 register-activities bulletin, the 03:55 IDV-as-risk pages as the same pages, the 02:55 WebFiling pages, the 01:55 LinkedIn / Oxford pages, the 00:55 GOV.UK setup class-map pages, the LSA reserved-activity pages, the Law Society or ICAEW directories, the 22:22 ACSP/MCA companies-in-space pass as the same pages, the 20:55 SIC pages, or the 21:55 ONS stock-size bulletin. Prefer Market discovery this hour with the still-unused HMRC EIS/SEIS accredited series after Market scenarios filled at 22:55.

What stands is simple: next to DBT BPE private-sector legal-form stock, ONS demography, LSB sector revenue, and Companies House register activities sits the official tax-relief equity-raising size series (EIS 3,735 / £1,575m; SEIS 2,430 / £276m; AAR 3,310 / 4,085). Those figures are checkable. They are not who FYJ is for, why they would pay, how FYJ reaches them, or what sits next. So it is not a candidate, and it is not a path.

End-to-end test this hour: who / why pay / how FYJ reaches them / what sits next — all still missing. The EIS/SEIS figures fill a Market discovery cell, not a path cell.

market-paths.md still starts No path named yet.

This page sits under Evidence. It is a dated record. It does not move heading.

Why this was necessary

P is company position toward $2.5–5bn. p-evidence.md is empty so the score cannot be faked. p-missing.md is still the question you confirmed: Who is the first customer, or what is the first market path, for For Your Journey Ltd? Empty is honest, not finished. Market-path research is the current priority mechanism. This note is not a P move.

The problem this hour removes: Market discovery sitting on BPE / ONS / LSB / register size series, while the still-unused HMRC EIS/SEIS accredited company-and-amount series was unfiled. Future recon hours show area / found / stronger-thin-discarded / P unchanged, from a different public source, still without inventing a name.

That matters for ownership and for $2.5–5bn because a tax-scheme company count is easy to mistake for a market. Value starts to form only when a candidate can run end to end. This hour can show the EIS/SEIS figures are real and still say the FYJ line has no named path.

A layer is a named piece of the job that can come off once a close has evidence it can run without you. Today's layer stays Peer toggle: Founder View ↔ Agent View. This hour did not rename it.

The slot is unchanged: hold the 24-hour founder loop with Founder View and Agent View as peer surfaces. Use the hours for market-path compounding. Do not invent a customer. Do not unpark the customer cut.

A cut is a shortened next-job draft. The customer cut would make “name the first customer” the next job. You parked it until market paths have been identified and are converging. It stays parked as a milestone / north star. It is not the live job.

Systemic effect: Market discovery now shows a seventh dated filing (SIC neighbours; ONS industry size; CH register; LSB revenue; ONS demography; BPE legal-form stock; EIS/SEIS tax-relief equity raising), that the line stayed thin, and that P is unchanged. Risk reduction remains the only got-stronger line; this hour did not join it. 3,735 EIS companies did not join market-paths.md as a path.

Alternatives rejected

• Sit on the 25 Aug stop. Hold is no invention, not no recon.
• Repeat last hour’s Start Up Loans pass, the 21:55 OPBAS AML pass, the 20:55 CLSB Costs Lawyer pass, the 19:55 DBT BPE 2025 pass as the same pages, the 18:55 ACRA / CGIUKI pass, the 17:55 IA 1986 / Annual Review 2025 pass, the 16:55 DIY-vs-ACSP / closing-fork pages as the same pages, the 15:55 BSB barrister pass, the 15:04 ONS Business demography pass, the 13:55 HMRC TCSP pass as the same pages, the 12:55 IPReg Core Metrics, the 11:55 accounts-filing / CT software lists, the 10:55 CILEx Regulation, the 09:55 LSB State of Legal Services, the 09:07 CLC Key Indicators, the 06:55 SRA population, the 22:55 Law Society / ICAEW directories, the 22:22 ACSP/MCA companies-in-space pass as the same pages, the 04:55 register-activities bulletin, IDV-as-risk as the same pages, WebFiling, the 00:55 GOV.UK setup class map as the same pages, LSA, founder/self, SIC neighbours, or the 26 Aug 21:55 ONS stock-size bulletin. That would have been the same sources twice.
• File another Market scenarios founder-finance fork. Start Up Loans filled that at 22:55.
• File another Risk reduction constraint. OPBAS filled that at 21:55.
• File another Competitor mapping regulator headcount. CLSB filled that at 20:55.
• Re-read Companies House 16892858. The register was fully read at 19:55 on 25 Aug.
• Treat EIS/SEIS investee companies or advance-assurance applicants as who FYJ sells to. A tax-scheme company count is not a customer.
• Unpark the customer cut, or rewrite the live slot. You did not confirm that.
• Start Hermes. It stays parked.
• Re-ask the 08:55 or 14:55 direction widget. Both were skipped today. This is not 08:55 or 14:55.
• Install the customer cut. Forbidden. This hour is 23:55 recon.

Pushback invited — decide or criticise

Working set, not exhaustive.
1. Which recon area is weak — Market discovery is now seven filings and still thin; Market scenarios is now three filings and still thin; Risk reduction is now four constraints and still not a path; Companies in the space is now five filings and still thin; Competitor mapping is now seven filings and still thin?
2. Which line should I deepen — leave regulator / supervision / loan-programme / tax-scheme headcounts and deepen a thin area closer to who / why / how, or file another still-unused official source?
3. Which line should I drop — the size / flow / directory / regulator-headcount / supervised-population / DIY-vs-paid / reserved-appointment / trade-association / legal-form / AML-PBS / founder-finance / tax-relief-equity maps (ONS stock, ONS demography, Companies House counts, LSB sector revenue, BPE 5.7 million / 3.2 million sole traders, EIS 3,735 / SEIS 2,430, Law Society / ICAEW, SRA / CLC / CILEx Regulation / IPReg / BSB / CLSB headcounts, software lists, HMRC TCSP counts, ACSP opt-in list, closing forks, 1,480 IPs, ACRA ten members, CGIUKI over 40,000, OPBAS 22 / 41,400, Start Up Loans quarterly volumes), or keep them as context and drop something earlier that is only a label?

Current levers (working set, not exhaustive)

1. Market-path compounding — standing, not P until you accept a path. A tax-scheme company count is not a name.
2. The parked customer cut — milestone / north star, not the live job.
3. The live slot — still the 24-hour loop with peer surfaces. Not rewritten this hour.

Watch / next decision point

Next recon hour uses a different public source again, still without inventing a name, still without re-reading 16892858, and still without repeating this HMRC EIS/SEIS pass, last hour’s Start Up Loans pass, the 21:55 OPBAS AML pass, the 20:55 CLSB Costs Lawyer pass, the 19:55 DBT BPE 2025 pass, the 18:55 ACRA / CGIUKI pass, the 17:55 IA 1986 s.388–390A / Annual Review 2025 pass, the 16:55 DIY-vs-ACSP / closing-fork pass, the 15:55 BSB barrister pass, the 15:04 ONS Business demography pass, the 13:55 HMRC TCSP pass, the 12:55 IPReg Core Metrics, the 11:55 accounts-filing / CT software lists, the 10:55 CILEx Regulation, the 09:55 LSB State of Legal Services, the 09:07 CLC Key Indicators, the 06:55 SRA population / firm-breakdown pass, the 04:55 Companies House register-activities pass, the 03:55 IDV / ECCTA risk pass, the 02:55 WebFiling / register-yourself / company-filing-software pass, the 01:55 public-name pass, the 00:55 GOV.UK setup class-map pass, the LSA reserved-activity pass, the Law Society/ICAEW pass, the 22:22 ACSP/MCA pass, the 20:55 classification pages, or the 26 Aug 21:55 ONS stock-size bulletin. Do not re-ask the 08:55 or 14:55 direction question. Do not install the customer cut. Dead link is a failed publish. Unauthenticated 401 is the login gate.

Agent files

27 Aug 23:55 research · market-paths.md · recon-map.md · p-evidence.md · p-missing.md · Contract: hold is no invention · market-path recon · Open asks · Founder View · this page