FORTEM BUILDING MATERIALS LIMITED

🌳Matureactive
NI637746 · ltd · incorporated 2016-04-12
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
  • 41202Construction of domestic buildings
  • 43999Other specialised construction activities n.e.c.
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 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
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
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 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • • 1 gazette
  • • 1 dissolution
Last 180 days
3
filings
  • • 1 gazette
  • • 1 dissolution
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-17
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-06
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-03-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-03-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-12-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-01-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-12-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2021-11-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-04-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2021-04-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2021-04-01
    ➕
    AGNEW, Dermott appointed
    secretary
  15. 2021-04-01
    ➖
    HARROWER-STEELE, Jill resigned
    secretary
  16. 2021-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-10-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2019-10-01
    ➖
    O'CALLAGHAN, Gerard Austin resigned
    director
  20. 2018-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-04-01
    ➖
    LOUGHRAN, Colin Gerard resigned
    director
  22. 2017-04-01
    ➕
    O'CALLAGHAN, Gerard Austin appointed
    director
  23. 2016-04-12
    🏢
    Company incorporated
    As FORTEM BUILDING MATERIALS LIMITED
  24. 2016-04-12
    ➕
    LAGAN, Kevin Anthony appointed
    director
  25. 2016-04-12
    ➕
    LAGAN, Michael Anthony appointed
    director
  26. 2016-04-12
    ➕
    HARROWER-STEELE, Jill appointed
    secretary
  27. 2016-04-12
    ➕
    LOUGHRAN, Colin Gerard appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 Kevin Anthony Lagan
Individual · Irish · DOB 01/1982 · age 44
——sig. influencesignificant influence31/03/2025
2 historic (ceased) PSCs
  • Mr Michael Anthony Laganceased 31/03/2025· significant influence
  • Rastern Limitedceased 08/03/2018· 75-100% shares

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
Incorporated2016-04-12
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

Rosemount House
21- 23 Sydenham Road
Belfast
BT3 9HA
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-24
Last: 2025-11-10

Officers (3 active · 3 resigned)

AGNEW, Dermott→
secretary · appointed 2021-04-01
View their other companies + combined net worth →
Active
LAGAN, Kevin Anthony→
director · ~44y · appointed 2016-04-12
View their other companies + combined net worth →
Active
LAGAN, Michael Anthony→
director · ~71y · appointed 2016-04-12
View their other companies + combined net worth →
Active
HARROWER-STEELE, Jill→
secretary · appointed 2016-04-12 · resigned 2021-04-01
Resigned
LOUGHRAN, Colin Gerard→
director · ~59y · appointed 2016-04-12 · resigned 2017-04-01
Resigned
O'CALLAGHAN, Gerard Austin→
director · ~52y · appointed 2017-04-01 · resigned 2019-10-01
Resigned

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

Recent filings (37 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-03-17
dissolution-application-strike-off-company
dissolution · DS01
2026-03-06
accounts-with-accounts-type-dormant
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-31
accounts-with-accounts-type-dormant
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
accounts-with-accounts-type-dormant
accounts · AA
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-dormant
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-11-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-11-23