FORWARD TRUST RAIL SERVICES LIMITED

⚰️Wound downdissolved

03085530 · ltd · incorporated 1995-07-31

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 30.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

53/100

Worth a look

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What this business does

Primary activity: Activities of financial services holding companies

Sector: Financial & insurance

Investor take

Pass (distressed without resilience)

Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 60/100. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 30.5y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 30.5 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 40/100 — 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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

50 officers (6 active, 50 linked, 34 with DOB)

Ownership & PSC

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

Director network

26 connected companies via shared directors

Filing history

208 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

53/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (121 events)Click to expand

2019-11-15
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2019-11-15
🏁
Company dissolved
2019-08-15
⚠️
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2019-04-12
📍
move-registers-to-sail-company-with-new-address
address · AD03
2019-04-12
📍
change-sail-address-company-with-new-address
address · AD02
2019-01-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-01-08
⚠️
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2019-01-08
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2019-01-08
📄
resolution
resolution · RESOLUTIONS
2018-12-05
📄
legacy
capital · SH20
2018-12-05
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2018-12-05
⚠️
legacy
insolvency · CAP-SS
2018-12-05
📄
resolution
resolution · RESOLUTIONS
2018-09-27
📄
accounts-with-accounts-type-full
accounts · AA
2018-07-26
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2018-03-22
➕
LINE, Sophie appointed
secretary
2017-12-08
➖
LEWIS, Romana resigned
secretary
2017-12-08
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2017-10-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-09-12
➕
UWAKWE, Okechukwu appointed
director
2017-07-26
📄
accounts-with-accounts-type-full
accounts · AA
2017-06-07
📄
second-filing-of-director-appointment-with-name
document-replacement · RP04AP01
2017-06-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-05-31
➖
KENT, John Richard resigned
director
2017-03-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-03-22
➕
IRVIN, Crispin Robert John appointed
director
2017-03-22
➖
ANDERSON, Michael Connelly resigned
director
2016-10-01
📄
accounts-with-accounts-type-full
accounts · AA
2016-08-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-08-01
➖
BENCARD, Robin Louis Henning resigned
director
2016-03-15
➕
LONG, Simon Einar appointed
director
2015-12-31
➖
CAVANNA, David John resigned
director
2015-12-16
➕
ANDERSON, Michael Connelly appointed
director
2015-06-12
➕
LEWIS, Romana appointed
secretary
2015-06-12
➖
SHEPHERD, Hannah Elizabeth resigned
secretary
2015-01-05
➖
BHAMBHRA, Tony resigned
secretary
2015-01-05
➕
SHEPHERD, Hannah Elizabeth appointed
secretary
2014-05-12
➕
BHAMBHRA, Tony appointed
secretary
2014-05-12
➖
DEAN, Katherine resigned
secretary
2013-07-24
➕
SUBRAMANIYAN, Jaya appointed
director
2013-07-24
➕
DEAN, Katherine appointed
secretary
2013-07-24
➖
WOOD, Hollie Rheanna resigned
secretary
2013-07-24
➕
CAVANNA, David John appointed
director
2013-06-21
➖
BARKER, Fiona Ann resigned
director
2012-12-06
➕
KENT, John Richard appointed
director
2012-06-19
➖
SENIOR, Carl Thomas resigned
director
2012-02-23
➖
GOTT, Sarah Caroline resigned
secretary
2012-02-23
➕
WOOD, Hollie Rheanna appointed
secretary
2012-01-04
➕
SENIOR, Carl Thomas appointed
director

Showing most recent 50 of 121 events

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 31 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

2 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-11-15

5 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-11-15: gazette-dissolved-liquidation; 2019-08-15: liquidation-voluntary-members-return-of-final-meeting

Group structure

Hsbc Asset Finance (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Hsbc Asset Finance (Uk) Limited

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

ultimate parent

⬇

FORWARD TRUST RAIL SERVICES LIMITED

This company · 03085530

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
Hsbc Asset Finance (Uk) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	26/10/2016

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 →

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

🔒Tailored diligence questions

9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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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.

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Company details

Statusdissolved

Typeltd

Incorporated1995-07-31

Jurisdictionengland-wales

Primary SIC64205 — Activities of financial services holding companies

Registered office

Hill House

1 Little New Street

London

EC4A 3TR

Filing status

Accounts

Next due: —

Last made up to: 2017-12-31

Confirmation statement

Next due: —

Last: —