FGW BUSINESS LIMITED

⚰️Wound downliquidation
04485632 · ltd · incorporated 2002-07-15
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Mar 2023
Net worth
book net assets
Opportunity
39/100
Watch
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 39/100 (watch), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (4 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
39/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2022Mar 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2023-03-312022-03-31
Average employees0

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 insolvency
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-02-16
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  2. 2025-02-26
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  3. 2024-02-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-02-18
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  5. 2024-02-18
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  6. 2024-02-18
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-08-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-07-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-06-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-10-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-07-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2020-02-13
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2019-10-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2018-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-05-09
    MULLETT, Geoffrey William resigned
    director
  16. 2018-05-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2018-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2017-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2016-12-13
    MULLETT, Geoffrey William appointed
    director
  21. 2014-08-28
    REEVE, James Kingsley resigned
    director
  22. 2014-02-20
    BRACHER, Mark resigned
    director
  23. 2012-10-24
    REEVE, James Kingsley appointed
    director
  24. 2012-03-08
    BRACHER, Mark appointed
    director
  25. 2009-07-22
    GILCHRIST, Gordon Alistair appointed
    director
  26. 2009-02-25
    FLETCHER, Ian Charles appointed
    secretary
  27. 2009-02-25
    FLETCHER, Ian Charles appointed
    director
  28. 2009-01-28
    GEMMILL, Karen resigned
    secretary
  29. 2002-07-15
    🏢
    Company incorporated
    As FGW BUSINESS LIMITED
  30. 2002-07-15
    WEBER BROWN, Oliver Mark appointed
    director
  31. 2002-07-15
    GEMMILL, Karen appointed
    secretary
  32. 2002-07-15
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  33. 2002-07-15
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  34. 2002-07-15
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  35. 2002-07-15
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 24 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.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-07-14

Company in liquidation
high

Company is actively being wound up. Not a going concern.

4 insolvency-related filings on record
high

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

Evidence: 2026-02-16: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-02-26: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Charles Fletcher
Individual · British · DOB 09/1962 · age 64
2550%
25–50%25-50% shares · 25-50% voting12/07/2016
Mr Gordon Alastair Gilchrist
Individual · British · DOB 05/1963 · age 63
2550%
25–50%25-50% shares · 25-50% voting12/07/2016

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

11 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

Statusliquidation
Typeltd
Incorporated2002-07-15
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

C/O GAINES ROBSON INSOLVENCY LTD
Carrwood Park Selby Road
Leeds
West Yorkshire
LS15 4LG

Filing status

Accounts
Next due: 2024-12-31OVERDUE
Last made up to: 2023-03-31
Confirmation statement
Next due: 2024-07-14OVERDUE
Last: 2023-06-30

Officers (4 active · 6 resigned)

FLETCHER, Ian Charles
secretary · appointed 2009-02-25
View their other companies + combined net worth →
Active
FLETCHER, Ian Charles
director · ~64y · appointed 2009-02-25
View their other companies + combined net worth →
Active
GILCHRIST, Gordon Alistair
director · ~63y · appointed 2009-07-22
View their other companies + combined net worth →
Active
WEBER BROWN, Oliver Mark
director · ~52y · appointed 2002-07-15
View their other companies + combined net worth →
Active
GEMMILL, Karen
secretary · appointed 2002-07-15 · resigned 2009-01-28
Resigned
TEMPLE SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2002-07-15 · resigned 2002-07-15
Resigned
BRACHER, Mark
director · ~66y · appointed 2012-03-08 · resigned 2014-02-20
Resigned
MULLETT, Geoffrey William
director · ~74y · appointed 2016-12-13 · resigned 2018-05-09
Resigned
REEVE, James Kingsley
director · ~69y · appointed 2012-10-24 · resigned 2014-08-28
Resigned
COMPANY DIRECTORS LIMITED
corporate-nominee-director · appointed 2002-07-15 · resigned 2002-07-15
Resigned

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

Recent filings (82 total)

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2026-02-16
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2025-02-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-21
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2024-02-18
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-02-18
resolution
resolution · RESOLUTIONS
2024-02-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-dormant
accounts · AA
2022-06-16
accounts-with-accounts-type-dormant
accounts · AA
2021-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-dormant
accounts · AA
2020-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-30