THE FORGE DEVELOPMENT COMPANY LIMITED

🌳Matureactive
05729015 · ltd · incorporated 2006-03-03
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of real estate investment trusts
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.8y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 18.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
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 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-03-312025-03-31
Average employees00

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
1
filing
  • • 1 accounts
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 1 accounts
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2026-03-17
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  5. 2025-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-08-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-08-18
    ➕
    LOCKYER, Brenda Anne appointed
    director
  12. 2023-08-18
    ➕
    PERMAN, Catherine Mary appointed
    director
  13. 2023-08-18
    ➖
    YOUNG, Andrew Stephen resigned
    director
  14. 2023-05-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2023-05-12
    🔓
    Charge satisfied #1
  16. 2022-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-04-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2021-03-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2021-03-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2020-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2020-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2018-02-27
    🔒
    Charge registered #2
    Lender: Newbury Building Society
  25. 2007-10-08
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  26. 2006-03-03
    🏢
    Company incorporated
    As THE FORGE DEVELOPMENT COMPANY LIMITED
  27. 2006-03-03
    ➕
    PERMAN, Michael George appointed
    secretary
  28. 2006-03-03
    ➕
    PERMAN, Michael George appointed
    director
  29. 2006-03-03
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  30. 2006-03-03
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  31. 2006-03-03
    ➕
    YOUNG, Andrew Stephen appointed
    director
  32. 2006-03-03
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  33. 2006-03-03
    ➖
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Michael George Perman
Individual · British · DOB 02/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting18/08/2023

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

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
Typeltd
Incorporated2006-03-03
Jurisdictionengland-wales
Primary SIC64306 — Activities of real estate investment trusts

Registered office

Worthy House
14 Winchester Road
Basingstoke
Hampshire
RG21 8UQ
United Kingdom

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13

Officers (4 active · 3 resigned)

PERMAN, Michael George→
secretary · appointed 2006-03-03
View their other companies + combined net worth →
Active
LOCKYER, Brenda Anne→
director · ~62y · appointed 2023-08-18
View their other companies + combined net worth →
Active
PERMAN, Catherine Mary→
director · ~65y · appointed 2023-08-18
View their other companies + combined net worth →
Active
PERMAN, Michael George→
director · ~67y · appointed 2006-03-03
View their other companies + combined net worth →
Active
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-03-03 · resigned 2006-03-03
Resigned
YOUNG, Andrew Stephen→
director · ~64y · appointed 2006-03-03 · resigned 2023-08-18
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 2006-03-03 · resigned 2006-03-03
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Newbury Building Society
A registered charge3 properties27/02/2018—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property08/10/200712/05/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-25
change-person-director-company-with-change-date
officers · CH01
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-17
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-20
termination-director-company-with-name-termination-date
officers · TM01
2023-08-25
appoint-person-director-company-with-name-date
officers · AP01
2023-08-25
appoint-person-director-company-with-name-date
officers · AP01
2023-08-25
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-13