FORGINGS (UK) LTD
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 100 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 change-of-name
- • 1 change-of-name
- • 1 accounts
Corporate timeline (23 events)Click to expand
- 2026-02-18✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-09-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-06-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-09-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-08-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-10-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-08-01➕PATERSON, Hilary appointedsecretary
- 2003-08-01➕PATERSON, Bruce Peter appointeddirector
- 2002-06-28➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2002-06-28➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2002-06-25🏢Company incorporatedAs FORGINGS (UK) LTD
- 2002-06-25➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2002-06-25➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-02-18: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Bruce Peter Paterson Individual · British · DOB 10/1956 · age 70 | 75–100% | — | 75-100% shares | 29/09/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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8 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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
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