ELMWOOD FORGE LIMITED

🏛️Establishedactive
13491133 · ltd · incorporated 2021-07-02
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
—
year to Mar 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-31

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
6
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-06-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-06-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-06-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-06-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-06-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-01-07
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2025-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2025-07-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-07-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2025-05-28
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2024-07-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2023-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-03-31
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  16. 2022-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-02-11
    📄
    capital-allotment-shares
    capital · SH01
  18. 2021-07-02
    🏢
    Company incorporated
    As ELMWOOD FORGE LIMITED
  19. 2021-07-02
    ➕
    NICHOLLS, Alice Lucy appointed
    director
  20. 2021-07-02
    ➕
    UNDERHILL, Bernadette appointed
    director
  21. 2021-07-02
    ➕
    UNDERHILL, Mark Alfred appointed
    director
  22. 2021-07-02
    ➕
    UNDERHILL, Tom Alfred appointed
    director
  23. 2021-07-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 75 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.

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
NameSharesVoting rightsNature of controlNotified
Mr Tom Alfred Underhill
Individual · British · DOB 05/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting02/06/2025
Mrs Alice Lucy Nicholls
Individual · British · DOB 03/1992 · age 34
25–50%
25–50%25-50% shares · 25-50% voting02/06/2025
2 historic (ceased) PSCs
  • Mr Mark Alfred Underhillceased 02/06/2025· 25-50% shares · 25-50% voting · board control
  • Mrs Bernadette Underhillceased 02/06/2025· 25-50% shares · 25-50% voting · board control

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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CAMDEN COURT RESIDENTS MANAGEMENT LIMITED→
02519947 · est 1990
—£25.6k—40036y9384y
RHYMNEY COAL CO. LIMITED→
01509455 · est 1980
————45y8279y
22-24-26-28 GLENDALE DRIVE LIMITED→
02652873 · est 1991
——£0—34y8169y
BEAUFORT MANAGEMENT (LLANDRINDOD) LIMITED→
03017292 · est 1995
———031y8174y
BELGRAVE (LLANDRINDOD WELLS) LIMITED→
01825494 · est 1984
———042y8180y
BROADMEAD MANAGEMENT LIMITED→
02764170 · est 1992 · no financials extracted
————33y8171y
CHURCH VIEW RESIDENTS (KNIGHTON) COMPANY LIMITED→
02028428 · est 1986 · no financials extracted
————39y——
HAWTHORNDEN MANAGEMENT (LLANDRINDOD) LIMITED→
11497457 · est 2018 · no financials extracted
————7y——
HOWAGAR HOMES LIMITED→
04617113 · est 2002 · no financials extracted
————23y——
MAUGHAN ENTERPRISES LTD→
15756055 · est 2024 · no financials extracted
————1y——
MITCHELL MEREDITH HOLDINGS LIMITED→
15249165 · est 2023 · no financials extracted
————2y——
PAW EQUITIES PARTNERS LTD→
15531821 · est 2024 · no financials extracted
————2y——
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
Incorporated2021-07-02
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

33 Ddole Enterprise Park
Llandrindod Wells
Powys
LD1 6DF
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01

Officers (4 active · 0 resigned)

NICHOLLS, Alice Lucy→
director · ~34y · appointed 2021-07-02
View their other companies + combined net worth →
Active
UNDERHILL, Bernadette→
director · ~71y · appointed 2021-07-02
View their other companies + combined net worth →
Active
UNDERHILL, Mark Alfred→
director · ~75y · appointed 2021-07-02
View their other companies + combined net worth →
Active
UNDERHILL, Tom Alfred→
director · ~43y · appointed 2021-07-02
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-10
change-person-director-company-with-change-date
officers · CH01
2026-06-09
change-person-director-company-with-change-date
officers · CH01
2026-06-09
change-person-director-company-with-change-date
officers · CH01
2026-06-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-09
accounts-with-accounts-type-group
accounts · AA
2026-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-03
capital-name-of-class-of-shares
capital · SH08
2025-05-28
accounts-with-accounts-type-dormant
accounts · AA
2024-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-12