FORTH YACHT MARINA LIMITED

💤Zombieactive
SC045536 · ltd · incorporated 1968-03-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 52.1y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 52.1 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
142 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-10-312024-10-31
Average employees100100

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 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-01-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-07-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-11-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-11-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-11-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-10-30
    📄
    change-to-a-person-with-significant-control-without-name-date
    persons-with-significant-control · PSC04
  9. 2024-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-10-04
    📄
    change-to-a-person-with-significant-control-without-name-date
    persons-with-significant-control · PSC04
  11. 2023-07-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-05-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2020-11-28
    ➖
    STEWART, Keith Alexander resigned
    secretary
  17. 2020-11-28
    ➖
    STEWART, Keith Alexander resigned
    director
  18. 2020-07-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-09-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-07-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2012-09-03
    ➖
    GREIG, Charles James resigned
    director
  22. 2011-08-17
    ➕
    STEWART, Fiona Jane appointed
    director
  23. 2011-03-07
    ➖
    GLEN, Robert Duncan resigned
    director
  24. 2011-03-07
    ➖
    MUIR, Robert Richard resigned
    director
  25. 2002-03-14
    ➕
    MUIR, Robert Richard appointed
    director
  26. 1994-10-01
    ➖
    BENNETT, Robert Gerald resigned
    director
  27. 1993-06-17
    🔓
    Charge satisfied #5
  28. 1993-06-17
    🔓
    Charge satisfied #1
  29. 1993-06-11
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  30. 1993-02-26
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  31. 1992-03-20
    🔓
    Charge satisfied #2
  32. 1991-08-30
    🔒
    Charge registered #6
    Lender: E P Barrus Limited
  33. 1991-07-22
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  34. 1990-09-17
    ➕
    BENNETT, Robert Gerald appointed
    director
  35. 1990-09-17
    ➕
    GLEN, Robert Duncan appointed
    director
  36. 1990-09-17
    ➖
    STEWART, Colin Marshall resigned
    director
  37. 1990-09-17
    ➖
    STEWART, Henrietta Crayston resigned
    director
  38. 1989-10-20
    ➕
    GREIG, Charles James appointed
    director
  39. 1989-08-02
    🔒
    Charge registered #2
    Lender: N W S Trust LTD
  40. 1974-04-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  41. 1968-03-20
    🏢
    Company incorporated
    As FORTH YACHT MARINA LIMITED

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 58 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Louisa-Jane Findlay-Walsh
Individual · British · DOB 08/1978 · age 48
75–100%
—75-100% shares · trust interest22/09/2023
Ms Fiona Jane Stewart
Individual · British · DOB 01/1978 · age 48
75–100%
—75-100% shares · trust interest28/07/2018
1 historic (ceased) PSC
  • Mr Keith Alexander Stewartceased 28/11/2020· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1968-03-20
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

2 Kirk Brae
Clackmannan
FK10 4JW

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24

Officers (1 active · 8 resigned)

STEWART, Fiona Jane→
director · ~48y · appointed 2011-08-17
View their other companies + combined net worth →
Active
STEWART, Keith Alexander→
secretary · resigned 2020-11-28
Resigned
BENNETT, Robert Gerald→
director · ~96y · appointed 1990-09-17 · resigned 1994-10-01
Resigned
GLEN, Robert Duncan→
director · ~87y · appointed 1990-09-17 · resigned 2011-03-07
Resigned
GREIG, Charles James→
director · ~73y · appointed 1989-10-20 · resigned 2012-09-03
Resigned
MUIR, Robert Richard→
director · ~70y · appointed 2002-03-14 · resigned 2011-03-07
Resigned
STEWART, Colin Marshall→
director · resigned 1990-09-17
Resigned
STEWART, Henrietta Crayston→
director · resigned 1990-09-17
Resigned
STEWART, Keith Alexander→
director · ~75y · resigned 2020-11-28
Resigned

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

Mortgages & charges

6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property11/06/1993—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property26/02/1993—
outstanding
E P Barrus
E P Barrus Limited
Standard security1 property30/08/1991—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property22/07/199117/06/1993
satisfied
N W S Trust
N W S Trust LTD
Bond & floating charge1 property02/08/198920/03/1992
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/04/197417/06/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (142 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-11-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-18
change-to-a-person-with-significant-control-without-name-date
persons-with-significant-control · PSC04
2024-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-06
change-to-a-person-with-significant-control-without-name-date
persons-with-significant-control · PSC04
2023-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-26