FORTH GROUP LIMITED

🌳Matureactive

SC227669 · ltd · incorporated 2002-02-04

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2023

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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 (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 24.0y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 24.0 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

16 officers (2 active, 16 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

7 connected companies via shared directors

Filing history

108 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Average employees	0

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
STEEL, Andrew resigned
director
2025-08-07
📄
accounts-with-accounts-type-small
accounts · AA
2025-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
O'BRIEN, Paul resigned
director
2024-07-02
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
➕
ADAM-OWEN, Kaylea appointed
director
2024-01-26
➕
O'BRIEN, Paul appointed
director
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-20
📄
accounts-with-accounts-type-small
accounts · AA
2023-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-19
➖
MILNE, Michael resigned
director
2022-07-20
📄
accounts-with-accounts-type-small
accounts · AA
2022-04-27
📄
change-person-director-company-with-change-date
officers · CH01
2022-04-01
➕
PATERSON, Kevin appointed
director
2022-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-17
📄
accounts-with-accounts-type-small
accounts · AA
2021-05-07
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-04
📄
memorandum-articles
incorporation · MA
2021-02-04
📄
resolution
resolution · RESOLUTIONS
2020-12-11
➖
DEW, Richard resigned
director
2020-12-10
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2020-12-10
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-09
➖
LC SECRETARIES LIMITED resigned
corporate-secretary
2020-12-09
➕
DEW, Richard appointed
director
2020-12-09
➖
NICOL, Mary resigned
director
2020-12-09
➖
NICOL, Maurice James resigned
director
2020-12-09
➕
STEEL, Andrew appointed
director
2017-04-13
➖
ANTCZAK, Kerry Ann resigned
director
2014-07-15
➕
LC SECRETARIES LIMITED appointed
corporate-secretary
2014-03-27
🔓
Charge satisfied #1
2014-03-21
➖
ADAMS, Janess resigned
secretary
2014-03-21
➖
ADAMS, Janess resigned
director
2014-03-21
➕
ANTCZAK, Kerry Ann appointed
director
2014-03-21
➖
HUGHES, Gerald John resigned
director
2014-03-21
➕
MILNE, Michael appointed
director
2014-03-21
➕
NICOL, Mary appointed
director
2014-03-21
➕
NICOL, Maurice James appointed
director
2013-08-27
➖
ROLASTON, Carl Geoffrey resigned
director
2007-02-01
➕
ADAMS, Janess appointed
secretary
2007-02-01
➖
HBJ SECRETARIAL LIMITED resigned
corporate-secretary
2002-05-02
➕
ADAMS, Janess appointed
director
2002-05-02
➕
HUGHES, Gerald John appointed
director
2002-05-02
➕
ROLASTON, Carl Geoffrey appointed
director
2002-05-02
➖
HENDERSON BOYD JACKSON LIMITED resigned
corporate-nominee-director

Showing most recent 50 of 54 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: O'BRIEN, Paul resigned 2025-04-30; STEEL, Andrew resigned 2025-12-31

Group structure

Dales Marine Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Dales Marine Services Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

FORTH GROUP LIMITED

This company · SC227669

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
Dales Marine Services Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 · Holding company · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
COWRIE HOLDINGS LIMITED→ SC700069 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
DUGUID PROPERTY HOLDINGS LTD→ SC876768 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ERIS GG LIMITED→ SC053155 · est 1973 · no financials extracted	—	—	—	—	52y	—	—
ESSLEMONT PARTNERS LIMITED→ SC447219 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
ETHOSENERGY (MIDDLE EAST) LIMITED→ SC099690 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
ETOH MARKETING LIMITED→ SC557844 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
FIDONA PROPERTY LIMITED→ SC835551 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
FRASER & MULLIGAN TRUSTEES LIMITED→ SC516066 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
G A ENGINEERING (GROUP) LIMITED→ SC448644 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
G B ENGLAND HOLDINGS LIMITED→ SC808864 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GLANBIA FRESH MEATS (GAINSBOROUGH) LIMITED→ SC108500 · est 1987 · no financials extracted	—	—	—	—	38y	—	—
GLEN OF ROTHES LTD→ SC882861 · est 2026 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2002-02-04

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

Dales Business Centre

25 York Street

Aberdeen

AB11 5DP

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-02-18

Last: 2026-02-04

Officers (2 active · 14 resigned)

ADAM-OWEN, Kaylea→

director · ~47y · appointed 2024-01-26

View their other companies + combined net worth →

Active

PATERSON, Kevin→

director · ~39y · appointed 2022-04-01

View their other companies + combined net worth →

Active

ADAMS, Janess→

secretary · appointed 2007-02-01 · resigned 2014-03-21

Resigned

HBJ SECRETARIAL LIMITED→

corporate-secretary · appointed 2002-02-04 · resigned 2007-02-01

Resigned

LC SECRETARIES LIMITED→

corporate-secretary · appointed 2014-07-15 · resigned 2020-12-09

Resigned

ADAMS, Janess→

director · ~69y · appointed 2002-05-02 · resigned 2014-03-21

Resigned

ANTCZAK, Kerry Ann→

director · ~51y · appointed 2014-03-21 · resigned 2017-04-13

Resigned

DEW, Richard→

director · ~46y · appointed 2020-12-09 · resigned 2020-12-11

Resigned

HUGHES, Gerald John→

director · ~75y · appointed 2002-05-02 · resigned 2014-03-21

Resigned

MILNE, Michael→

director · ~56y · appointed 2014-03-21 · resigned 2023-05-19

Resigned

NICOL, Mary→

director · ~82y · appointed 2014-03-21 · resigned 2020-12-09

Resigned

NICOL, Maurice James→

director · ~79y · appointed 2014-03-21 · resigned 2020-12-09

Resigned

O'BRIEN, Paul→

director · ~57y · appointed 2024-01-26 · resigned 2025-04-30

Resigned

ROLASTON, Carl Geoffrey→

director · ~75y · appointed 2002-05-02 · resigned 2013-08-27

Resigned

STEEL, Andrew→

director · ~64y · appointed 2020-12-09 · resigned 2025-12-31

Resigned

HENDERSON BOYD JACKSON LIMITED→

corporate-nominee-director · appointed 2002-02-04 · resigned 2002-05-02

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	1 property	02/05/2002	27/03/2014

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-04

termination-director-company-with-name-termination-date

officers · TM01

2026-01-05

accounts-with-accounts-type-small

accounts · AA

2025-08-07

termination-director-company-with-name-termination-date

officers · TM01

2025-05-20

confirmation-statement-with-updates

confirmation-statement · CS01

2025-02-11

accounts-with-accounts-type-full

accounts · AA

2024-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-02-12

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

change-person-director-company-with-change-date

officers · CH01

2023-10-10

change-person-director-company-with-change-date

officers · CH01

2023-10-10

accounts-with-accounts-type-small

accounts · AA

2023-06-20

termination-director-company-with-name-termination-date

officers · TM01

2023-05-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-02-08

accounts-with-accounts-type-small

accounts · AA

2022-07-20