FORTIS IBA (SOUTH EAST) LIMITED
🏛️Establishedactive
11965869 · ltd · incorporated 2019-04-26
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 7.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-04-12📄accounts-with-accounts-type-fullaccounts · AA
- 2025-11-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-31🔒Charge registered #6Lender: Lloyds Bank PLC as Security Agent
- 2025-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-19🔒Charge registered #5Lender: Lloyds Bank PLC
- 2025-03-19🔒Charge registered #4Lender: Lloyds Bank PLC (As Security Agent)
- 2024-12-31📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-09📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-24📄accounts-with-accounts-type-smallaccounts · AA
- 2021-11-17📄accounts-with-accounts-type-smallaccounts · AA
- 2021-08-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-10🔒Charge registered #3Lender: Lloyds Bank PLC as Security Agent
- 2021-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-04-01➖COATES, Donald William resigneddirector
- 2020-04-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-06-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-24🔒Charge registered #2Lender: Lloyds Bank PLC
- 2019-05-24🔒Charge registered #1Lender: Lloyds Bank PLC
- 2019-04-26🏢Company incorporatedAs FORTIS IBA (SOUTH EAST) LIMITED
- 2019-04-26➕CLASBY, Stephen Charles appointeddirector
- 2019-04-26➕ROBERTS, Wayne William appointeddirector
- 2019-04-26➕THOMPSON, Lee Anthony appointeddirector
- 2019-04-26➕COATES, Donald William appointeddirector
- 2019-04-26📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
Red flags
1 low6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Fortis Iba Holdco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Fortis Iba Holdco Limited
Corporate parent · holds 75-100% shares · board control
⬇
FORTIS IBA (SOUTH EAST) LIMITED
This company · 11965869
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 |
|---|---|---|---|---|
Fortis Iba Holdco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/04/2019 |
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 →Similar companies
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| CORTECH BUILDING SERVICES LIMITED→ 11349277 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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| F AND K (LPG) ENGINEERING LIMITED→ 04987390 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| FARM GATE MANAGEMENT COMPANY LIMITED→ 03447842 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2019-04-26
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
2nd Floor, Fryern House Winchester Road
Chandler's Ford
Eastleigh
SO53 2DR
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-09
Last: 2026-04-25
Officers (3 active · 1 resigned)
CLASBY, Stephen Charles→
Activedirector · ~61y · appointed 2019-04-26
View their other companies + combined net worth →
ROBERTS, Wayne William→
Activedirector · ~54y · appointed 2019-04-26
View their other companies + combined net worth →
THOMPSON, Lee Anthony→
Activedirector · ~56y · appointed 2019-04-26
View their other companies + combined net worth →
COATES, Donald William→
Resigneddirector · ~66y · appointed 2019-04-26 · resigned 2020-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
6
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC as Security Agent | A registered charge | — | 31/10/2025 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 19/03/2025 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC (As Security Agent) | A registered charge | — | 19/03/2025 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC as Security Agent | A registered charge | 1 property | 10/08/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 24/05/2019 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 24/05/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-full
accounts · AA
2026-04-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-02
accounts-with-accounts-type-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-full
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-26
accounts-with-accounts-type-small
accounts · AA
2023-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-small
accounts · AA
2021-11-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-09