FORTH PILGRIM! LTD

🌳Matureactive

SC316504 · private-limited-guarant-nsc · incorporated 2007-02-14

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

—

year to Feb 2025

Net worth

£398

book net assets

Opportunity

81/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Primary education

Sector: Education

ALSO REGISTERED FOR

85590Other education n.e.c.
93290Other amusement and recreation activities n.e.c.

Investor take

Pursue

Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

12 officers (6 active, 12 linked, 11 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

52 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

81/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £398

Net assets shrinking

Down £2,660 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£398

↓ 87% YoY

Current Assets

£5k

↑ 41% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28	2024-02-29
Total assets	£3.6k	£3.5k
Current assets	£4.6k	£3.2k
Net assets	£398	£3.1k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2025-11-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-02-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-02-16
➕
MITCHINSON, Robert Jason appointed
director
2021-02-16
➖
PLUNKETT, Jon resigned
director
2020-11-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-02-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-02-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-06
➕
DORRAT, Ian James appointed
director
2017-11-06
➕
HUDAK, Ulrich Guido Arno appointed
director
2017-11-06
➖
DORRAT, Kay Catherine resigned
director
2016-11-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-11-14
➖
FISHER, Michael Lawrence resigned
secretary
2013-11-14
➖
DONNACHIE, Paul Kenneth resigned
director
2013-11-14
➕
DORRAT, Kay Catherine appointed
director
2013-11-14
➖
FISHER, Michael Lawrence resigned
director
2010-09-28
➕
TELFER, David appointed
director
2010-09-28
➖
HUTCHISON, Michael Farmer resigned
director
2007-02-14
🏢
Company incorporated
As FORTH PILGRIM! LTD
2007-02-14
➕
PICKERING, Eileen Scott appointed
director
2007-02-14
➕
PICKERING, Roger John appointed
director
2007-02-14
➕
FISHER, Michael Lawrence appointed
secretary
2007-02-14
➕
DONNACHIE, Paul Kenneth appointed
director
2007-02-14
➕
FISHER, Michael Lawrence appointed
director
2007-02-14
➕
HUTCHISON, Michael Farmer appointed
director
2007-02-14
➕
PLUNKETT, Jon appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Eileen Scott Pickering Individual · British · DOB 09/1957 · age 69	—	—	sig. influencesignificant influence	30/06/2016
Mr Roger John Pickering Individual · British · DOB 03/1961 · age 65	—	—	sig. influencesignificant influence	30/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Education & training · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AMBITION CENTRE FOR TRAINING LIMITED→ SC278778 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
BRIGANTIA FIRE ACADEMY LTD→ SC881893 · est 2026 · no financials extracted	—	—	—	—	—	—	—
DREAMS FOR LITTLES LTD→ SC880404 · est 2026 · no financials extracted	—	—	—	—	—	—	—
DXD TRAINING LIMITED→ SC661831 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
HOUSE OF FALKLAND LIMITED→ SC084747 · est 1983 · no financials extracted	—	—	—	—	42y	—	—
INSPIRE THEATRE WORKSHOPS LTD→ SC625264 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
LADIES BLETHERS CIC→ SC857876 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LAURISTON NURSERY LIMITED→ SC344904 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
LITTLE BEEHIVE NURSERY (KIRKCALDY) LTD→ SC378939 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
MENTAL HEALTH TRAINING (SCOTLAND) LTD→ SC643846 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
MISS FERRIER LIMITED→ SC605252 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
MORE THAN TRAINING LIMITED→ SC307708 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

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

Typeprivate-limited-guarant-nsc

Incorporated2007-02-14

Jurisdictionscotland

Primary SIC85200 — Primary education

Registered office

11 Parkneuk Road

Dunfermline

Fife

KY12 9BL

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-02-28

Last: 2026-02-14

Officers (6 active · 6 resigned)

DORRAT, Ian James→

director · ~72y · appointed 2017-11-06

View their other companies + combined net worth →

Active

HUDAK, Ulrich Guido Arno→

director · ~62y · appointed 2017-11-06

View their other companies + combined net worth →

Active

MITCHINSON, Robert Jason→

director · ~60y · appointed 2021-02-16

View their other companies + combined net worth →

Active

PICKERING, Eileen Scott→

director · ~69y · appointed 2007-02-14

View their other companies + combined net worth →

Active

PICKERING, Roger John→

director · ~65y · appointed 2007-02-14

View their other companies + combined net worth →

Active

TELFER, David→

director · ~59y · appointed 2010-09-28

View their other companies + combined net worth →

Active

FISHER, Michael Lawrence→

secretary · appointed 2007-02-14 · resigned 2013-11-14

Resigned

DONNACHIE, Paul Kenneth→

director · ~69y · appointed 2007-02-14 · resigned 2013-11-14

Resigned

DORRAT, Kay Catherine→

director · ~72y · appointed 2013-11-14 · resigned 2017-11-06

Resigned

FISHER, Michael Lawrence→

director · ~59y · appointed 2007-02-14 · resigned 2013-11-14

Resigned

HUTCHISON, Michael Farmer→

director · ~78y · appointed 2007-02-14 · resigned 2010-09-28

Resigned

PLUNKETT, Jon→

director · ~51y · appointed 2007-02-14 · resigned 2021-02-16

Resigned

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

Recent filings (52 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-18

accounts-with-accounts-type-micro-entity

accounts · AA

2025-11-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-27

accounts-with-accounts-type-micro-entity

accounts · AA

2024-11-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-15

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-02-21

accounts-with-accounts-type-micro-entity

accounts · AA

2022-12-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-02-16

accounts-with-accounts-type-micro-entity

accounts · AA

2021-11-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-02-25

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

officers · AP01

2021-02-24

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

officers · TM01

2021-02-24

accounts-with-accounts-type-micro-entity

accounts · AA

2020-11-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-26