FORTH HOLDCO LIMITED
🌳Matureactive
SC201964 · ltd · incorporated 1999-11-30
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 84-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 18.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
17 officers (5 active, 17 linked, 10 with DOB)
82
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
26 connected companies via shared directors
90
Filing history
135 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 address
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
- 2025-12-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-16📄accounts-with-accounts-type-groupaccounts · AA
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-29➖FLETCHER, Dylan resigneddirector
- 2024-11-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-07🔓Charge satisfied #3
- 2023-12-21📄accounts-with-accounts-type-groupaccounts · AA
- 2023-06-07📄memorandum-articlesincorporation · MA
- 2023-06-07📄resolutionresolution · RESOLUTIONS
- 2022-12-13📄accounts-with-accounts-type-groupaccounts · AA
- 2022-09-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-31➖FLETCHER, Kevin Paterson resigneddirector
- 2021-12-15📄accounts-with-accounts-type-groupaccounts · AA
- 2020-12-13📄accounts-with-accounts-type-groupaccounts · AA
- 2020-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-12🔓Charge satisfied #2
- 2020-09-09📄memorandum-articlesincorporation · MA
- 2020-09-09📄resolutionresolution · RESOLUTIONS
- 2019-12-13📄accounts-with-accounts-type-groupaccounts · AA
- 2019-11-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2016-09-27🔓Charge satisfied #1
- 2016-07-22🔒Charge registered #3Lender: Barclays Bank PLC
- 2015-12-14➖BEATON, James Alan resigneddirector
- 2015-04-01➕THOMSON, Craig Alexander appointedsecretary
- 2015-04-01➖JACK, Ronald Gilfillan resignedsecretary
- 2014-11-28➕RICHARDS, John Steel appointeddirector
- 2014-06-12➕JACK, Ronald Gilfillan appointedsecretary
- 2014-06-12➖WALLS, Archibald Peter Menzies resignedsecretary
- 2012-02-29➖JACK, Ronald Gilfillan resigneddirector
- 2009-12-07➕JACK, Ronald Gilfillan appointeddirector
- 2008-12-24🔒Charge registered #2Lender: Wester Elchies Limited
- 2008-03-24➕LOWE, Paul appointeddirector
- 2007-05-14🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2006-01-01➕FLETCHER, Dylan appointeddirector
- 2005-10-26➖FLETCHER, George Hunter resigneddirector
- 2004-05-25➖FLETCHER, Duncan Kirk resignedsecretary
- 2004-05-25➕WALLS, Archibald Peter Menzies appointedsecretary
- 2003-12-31➖ALCOCK, Lynne Elisabeth resignedsecretary
- 2003-12-31➕FLETCHER, Duncan Kirk appointedsecretary
- 2003-12-31➖ALCOCK, Lynne Elisabeth resigneddirector
- 2002-04-01➕ALCOCK, Lynne Elisabeth appointeddirector
- 2001-06-18➕BEATON, James Alan appointeddirector
- 2001-06-18➕FLETCHER, George Hunter appointeddirector
- 1999-11-30🏢Company incorporatedAs FORTH HOLDCO LIMITED
- 1999-11-30➕FLETCHER, Duncan Struthers appointeddirector
- 1999-11-30➕FLETCHER, Duncan Kirk appointeddirector
- 1999-11-30➕ALCOCK, Lynne Elisabeth appointedsecretary
- 1999-11-30➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 1999-11-30➖BRIAN REID LTD. resignedcorporate-nominee-secretary
Showing most recent 50 of 53 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Forth Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Forth Holdings Limited
Corporate parent · holds 75-100% shares
⬇
FORTH HOLDCO LIMITED
This company · SC201964
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Forth Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 20/12/2018 |
3 historic (ceased) PSCs
- Mr Duncan Struthers Fletcherceased 20/12/2018· significant influence
- Mr Duncan Kirk Fletcherceased 20/12/2018· significant influence
- Mr Kevin Paterson Fletcherceased 20/12/2018· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Professional services · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ABRIDGE CONSULTING SOLUTIONS LTD→ SC798971 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCOUNTING BUSINESS SERVICES (SCOTLAND) LIMITED→ SC340377 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| ADD CONTRACTS (CIVILS) LTD→ SC774775 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALIF PARTNERS LIMITED→ SC800029 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALISTER MAC LTD→ SC663588 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALLIED ENGINEERING SERVICES LTD→ SC779429 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALLY CROLL ARCHITECT LTD→ SC572253 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AN RF DESIGN LIMITED→ SC619616 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ARCHE PRACTICE LTD→ SC883035 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AROS HEAT DESIGN LTD→ SC881313 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ASHTON WEST LIMITED→ SC508642 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ASTUTE FIRE CONSULTANCY LTD→ SC843499 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1999-11-30
Jurisdictionscotland
Primary SIC70100 — Activities of head offices
Registered office
Scotia House
The Castle Business Park
Stirling
FK9 4TZ
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26
Officers (5 active · 12 resigned)
THOMSON, Craig Alexander→
Activesecretary · appointed 2015-04-01
View their other companies + combined net worth →
FLETCHER, Duncan Struthers→
Activedirector · ~84y · appointed 1999-11-30
View their other companies + combined net worth →
FLETCHER, Duncan Kirk→
Activedirector · ~59y · appointed 1999-11-30
View their other companies + combined net worth →
Active
RICHARDS, John Steel→
Activedirector · ~69y · appointed 2014-11-28
View their other companies + combined net worth →
ALCOCK, Lynne Elisabeth→
Resignedsecretary · appointed 1999-11-30 · resigned 2003-12-31
FLETCHER, Duncan Kirk→
Resignedsecretary · appointed 2003-12-31 · resigned 2004-05-25
JACK, Ronald Gilfillan→
Resignedsecretary · appointed 2014-06-12 · resigned 2015-04-01
WALLS, Archibald Peter Menzies→
Resignedsecretary · appointed 2004-05-25 · resigned 2014-06-12
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 1999-11-30 · resigned 1999-11-30
ALCOCK, Lynne Elisabeth→
Resigneddirector · ~81y · appointed 2002-04-01 · resigned 2003-12-31
BEATON, James Alan→
Resigneddirector · ~70y · appointed 2001-06-18 · resigned 2015-12-14
FLETCHER, Dylan→
Resigneddirector · ~55y · appointed 2006-01-01 · resigned 2024-11-29
FLETCHER, George Hunter→
Resigneddirector · ~81y · appointed 2001-06-18 · resigned 2005-10-26
FLETCHER, Kevin Paterson→
Resigneddirector · ~57y · appointed 1999-11-30 · resigned 2022-08-31
JACK, Ronald Gilfillan→
Resigneddirector · ~71y · appointed 2009-12-07 · resigned 2012-02-29
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 1999-11-30 · resigned 1999-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 22/07/2016 | 07/11/2024 | |
| satisfied | Wester Elchies Wester Elchies Limited | Standard security | 1 property | 24/12/2008 | 12/11/2020 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 14/05/2007 | 27/09/2016 |
Recent filings (135 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
change-person-director-company-with-change-date
officers · CH01
2025-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-group
accounts · AA
2025-01-16
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
accounts-with-accounts-type-group
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-04
memorandum-articles
incorporation · MA
2023-06-07
resolution
resolution · RESOLUTIONS
2023-06-07
accounts-with-accounts-type-group
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
termination-director-company-with-name-termination-date
officers · TM01
2022-09-16