FRONT LINE CONSTRUCTION LIMITED

📉Decliningactive
SC068593 · ltd · incorporated 1979-06-19
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

1 live charge · oldest 10.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
118 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,263,586

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Profit before tax£1.26M£1.63M
Average employees1069200

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

🔒Filing-note intelligence

2 signals 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 officers
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-12-11
    GREIG, Iain Alexander appointed
    director
  2. 2025-12-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-10-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2025-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-09-30
    DOHERTY, Peter resigned
    director
  6. 2024-10-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-10-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2023-01-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2022-01-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2020-12-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2020-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2020-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-07-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2019-10-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2019-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-02-01
    SWEENEY, Simon resigned
    director
  18. 2018-10-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2017-10-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2017-03-15
    SWEENEY, John appointed
    director
  21. 2016-04-05
    🔓
    Charge satisfied #1
  22. 2016-02-25
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  23. 2016-01-31
    WARD, John resigned
    director
  24. 2009-05-01
    SHARP, Norman resigned
    director
  25. 2008-12-01
    KEEBLE, Louise Ann appointed
    secretary
  26. 2008-12-01
    ATKINSON, Duncan Michael appointed
    director
  27. 2008-12-01
    WARD, Johanna Margaret resigned
    secretary
  28. 2008-09-25
    MILLS, Stuart resigned
    director
  29. 2007-07-04
    SWEENEY, Simon appointed
    director
  30. 2002-04-01
    DOHERTY, Peter appointed
    director
  31. 1998-10-30
    SWEENEY, James resigned
    director
  32. 1998-07-01
    MILLS, Stuart appointed
    director
  33. 1998-07-01
    SHARP, Norman appointed
    director
  34. 1992-04-16
    DOHERTY, William Joseph resigned
    director
  35. 1979-06-19
    🏢
    Company incorporated
    As FRONT LINE CONSTRUCTION LIMITED

Owner dependency

60/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

43/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondary12+ year tenure: Director in role 17 years.
  • 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.)

Group structure

John Ward's 2008 Discretionary Trust is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
John Ward's 2008 Discretionary Trust
Corporate parent · holds 75-100% shares
ultimate parent
FRONT LINE CONSTRUCTION LIMITED
This company · SC068593

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%
NameSharesVoting rightsNature of controlNotified
John Ward's 2008 Discretionary Trust
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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
Incorporated1979-06-19
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

Kensington House
227 Sauchiehall Street
Glasgow
G2 3EX

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-07-29
Last: 2025-07-15

Officers (4 active · 8 resigned)

KEEBLE, Louise Ann
secretary · appointed 2008-12-01
View their other companies + combined net worth →
Active
ATKINSON, Duncan Michael
director · ~56y · appointed 2008-12-01
View their other companies + combined net worth →
Active
GREIG, Iain Alexander
director · ~38y · appointed 2025-12-11
View their other companies + combined net worth →
Active
SWEENEY, John
director · ~48y · appointed 2017-03-15
View their other companies + combined net worth →
Active
WARD, Johanna Margaret
secretary · resigned 2008-12-01
Resigned
DOHERTY, Peter
director · ~61y · appointed 2002-04-01 · resigned 2025-09-30
Resigned
DOHERTY, William Joseph
director · ~94y · resigned 1992-04-16
Resigned
MILLS, Stuart
director · ~75y · appointed 1998-07-01 · resigned 2008-09-25
Resigned
SHARP, Norman
director · ~69y · appointed 1998-07-01 · resigned 2009-05-01
Resigned
SWEENEY, James
director · ~83y · resigned 1998-10-30
Resigned
SWEENEY, Simon
director · ~63y · appointed 2007-07-04 · resigned 2019-02-01
Resigned
WARD, John
director · ~78y · resigned 2016-01-31
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge25/02/201605/04/2016

Recent filings (118 total)

appoint-person-director-company-with-name-date
officers · AP01
2025-12-11
accounts-with-accounts-type-full
accounts · AA
2025-10-30
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-29
accounts-with-accounts-type-full
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
accounts-with-accounts-type-full
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-01
accounts-with-accounts-type-full
accounts · AA
2022-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19
accounts-with-accounts-type-full
accounts · AA
2020-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-23
change-person-director-company-with-change-date
officers · CH01
2020-07-21