FORTH AIR CONDITIONING CO. LIMITED
- 5020SIC 5020
Opportunity 63/100 (worth a look), bankability 30/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on monthly review.
Data confidence
Overall: low (45/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
- • 1 miscellaneous
- • 1 miscellaneous
Corporate timeline (19 events)Click to expand
- 2026-03-17📄court-ordermiscellaneous · OC-DV
- 2023-10-24📄gazette-dissolved-compulsorygazette · GAZ2
- 2023-08-08📄gazette-notice-compulsorygazette · GAZ1
- 2021-01-28📄court-ordermiscellaneous · OC-DV
- 2005-06-30➖CHRISTIE, Thomas Wilson resignedsecretary
- 2005-06-30➖CHRISTIE, Thomas Wilson resigneddirector
- 2004-08-31➖COX, Eric Stewart resigneddirector
- 2002-06-10➕CHRISTIE, Thomas Wilson appointedsecretary
- 2002-05-09➖MCINTYRE, Euan James resignedsecretary
- 2002-05-09➖MCINTYRE, Euan James resigneddirector
- 2002-04-09➖SCOTT, John resigneddirector
- 2000-06-01➕CHRISTIE, Thomas Wilson appointeddirector
- 2000-06-01➕COX, Eric Stewart appointeddirector
- 1995-01-01📄selection-of-documents-registered-before-January-1995historical · PRE95
- 1995-01-01📄selection-of-mortgage-documents-registered-before-January-1995historical · PRE95M
- 1991-12-21➖PERCY, Andrew Wilson resigneddirector
- 1990-04-02➕THOMSON, Alex appointeddirector
- 1987-01-01📄selection-of-documents-registered-before-January-1987historical · PRE87
- 1968-06-18🏢Company incorporatedAs FORTH AIR CONDITIONING CO. LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 91 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 91 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 58 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2005-08-31
Companies House flags prior insolvency events. Review the insolvency filings for context.
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10 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 →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.
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Registered office
Filing status
Officers (4 active · 7 resigned)
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