FUL-TON FORKLIFTS LIMITED

🌳Matureactive
SC079132 · ltd · incorporated 1982-06-17
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Sept 2024
Net worth
£452.9k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 17.4y

45/100
under pressure

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

  • · Oldest live charge is 17.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

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
10 officers (5 active, 10 linked, 9 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £452,870
Cash YoY
-31%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£160k
↓ 31% YoY
Net Worth
£453k
↑ 5.3% YoY
Current Assets
£969k
~ YoY
Current Liabilities
—
£0£195k£390k£585k£780k£976kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£538.0k£497.1k
Current assets£968.6k£975.5k
Cash£159.7k£232.0k
Debtors£352.0k£306.1k
Net assets£452.9k£430.2k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-05-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-05-11
    ➕
    HENDERSON, Sarah Gillian appointed
    director
  8. 2022-05-11
    ➕
    WELSH, Clare Catherine appointed
    director
  9. 2021-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-06-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-10-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-04-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2010-10-31
    ➕
    FULSTON, Clark Mckeen appointed
    director
  19. 2010-10-31
    ➖
    FULSTON, Lily resigned
    director
  20. 2008-12-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  21. 1994-12-21
    ➖
    TASKER, Ronald John resigned
    director
  22. 1994-11-22
    ➕
    FULSTON, George Jones appointed
    director
  23. 1994-11-22
    ➕
    FULSTON, Lily appointed
    director
  24. 1994-11-21
    ➖
    JAY, Ian Scott resigned
    director
  25. 1994-08-17
    ➖
    FULSTON, George Jones resigned
    director
  26. 1994-08-17
    ➖
    FULSTON, Lily resigned
    director
  27. 1994-08-17
    ➕
    JAY, Ian Scott appointed
    director
  28. 1994-08-17
    ➕
    TASKER, Ronald John appointed
    director
  29. 1982-06-17
    🏢
    Company incorporated
    As FUL-TON FORKLIFTS LIMITED

Owner dependency

73/100
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.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 44 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

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 George Jones Fulston
Individual · British · DOB 12/1945 · age 81
——sig. influencesignificant influence06/04/2016
Mr Clark Mckeen Fulston
Individual · British · DOB 10/1969 · age 57
——sig. influencesignificant influence06/04/2016

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
Incorporated1982-06-17
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (5 active · 5 resigned)

FULSTON, Lily→
secretary
View their other companies + combined net worth →
Active
FULSTON, Clark Mckeen→
director · ~57y · appointed 2010-10-31
View their other companies + combined net worth →
Active
FULSTON, George Jones→
director · ~81y · appointed 1994-11-22
View their other companies + combined net worth →
Active
HENDERSON, Sarah Gillian→
director · ~55y · appointed 2022-05-11
View their other companies + combined net worth →
Active
WELSH, Clare Catherine→
director · ~52y · appointed 2022-05-11
View their other companies + combined net worth →
Active
FULSTON, George Jones→
director · ~81y · resigned 1994-08-17
Resigned
FULSTON, Lily→
director · ~83y · appointed 1994-11-22 · resigned 2010-10-31
Resigned
FULSTON, Lily→
director · ~83y · resigned 1994-08-17
Resigned
JAY, Ian Scott→
director · ~89y · appointed 1994-08-17 · resigned 1994-11-21
Resigned
TASKER, Ronald John→
director · ~78y · appointed 1994-08-17 · resigned 1994-12-21
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property16/12/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-22
appoint-person-director-company-with-name-date
officers · AP01
2022-05-17
appoint-person-director-company-with-name-date
officers · AP01
2022-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-11