FORTH SOCIAL & LEISURE CLUB LIMITED

🌳Matureactive
SC103019 · ltd · incorporated 1987-02-04
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£-94.4k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Gambling and betting activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 36.1y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 36.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
18 officers (3 active, 18 linked, 12 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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
Negative net assets
Liabilities exceed assets by £94,416
Net assets shrinking
Down £110,629 YoY
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£48k
↑ 33% YoY
Net Worth
-£94k
↓ 682% YoY
Current Assets
£107k
↓ 48% YoY
Current Liabilities
—
-£94k-£34k£25k£85k£145k£205kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£-94.4k£16.2k
Current assets£107.4k£205.2k
Cash£48.0k£36.2k
Debtors£57.6k£167.2k
Net assets£-94.4k£16.2k

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-07-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-05-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-01-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-01-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-09-06
    ➖
    WAUGH, Kenneth resigned
    director
  17. 2015-02-11
    ➕
    ORR, David Slater appointed
    director
  18. 2011-03-25
    ➕
    BRINGHURST, Susan appointed
    secretary
  19. 2011-03-25
    ➖
    SPANNER, Richard Timothy resigned
    secretary
  20. 2011-03-25
    ➖
    WAUGH, Kenneth Mcdougall resigned
    director
  21. 2010-03-01
    ➕
    WAUGH, Kenneth appointed
    director
  22. 2009-01-19
    ➖
    SPANNER, Richard Timothy resigned
    director
  23. 2007-05-17
    ➕
    SPANNER, Richard Timothy appointed
    secretary
  24. 2007-05-17
    ➖
    HBJ SECRETARIAL LIMITED resigned
    corporate-secretary
  25. 2007-05-17
    ➕
    SPANNER, Richard Timothy appointed
    director
  26. 2007-04-20
    ➕
    BRINGHURST, Susan appointed
    director
  27. 2007-04-20
    ➖
    BRINGHURST, Ian Alexander resigned
    director
  28. 2007-04-20
    ➕
    WAUGH, Kenneth Mcdougall appointed
    director
  29. 2007-04-20
    ➖
    WAUGH, Kenneth resigned
    director
  30. 2005-12-23
    ➖
    WALLACE, Georgina Gibb Gilmour resigned
    secretary
  31. 2005-12-23
    ➕
    HBJ SECRETARIAL LIMITED appointed
    corporate-secretary
  32. 2005-12-23
    ➖
    WALLACE, Georgina Gibb Gilmour resigned
    director
  33. 2005-12-23
    ➖
    WALLACE, John Campbell resigned
    director
  34. 2005-04-20
    ➕
    BRINGHURST, Ian Alexander appointed
    director
  35. 2005-04-20
    ➖
    BRINGHURST, Susan resigned
    director
  36. 2005-04-20
    ➖
    WAUGH, Dorothy Mckenzie resigned
    director
  37. 2005-04-20
    ➕
    WAUGH, Kenneth appointed
    director
  38. 2003-03-10
    ➕
    WALLACE, Georgina Gibb Gilmour appointed
    secretary
  39. 2003-03-10
    ➖
    MACROBERTS SOLICITORS resigned
    corporate-secretary
  40. 2003-01-28
    ➕
    WAUGH, Dorothy Mckenzie appointed
    director
  41. 2002-12-12
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  42. 2002-12-06
    ➖
    WALLACE, Georgina Gibb Gilmour resigned
    secretary
  43. 2002-12-06
    ➕
    MACROBERTS SOLICITORS appointed
    corporate-secretary
  44. 2002-12-06
    ➕
    BRINGHURST, Susan appointed
    director
  45. 1995-06-30
    ➖
    WAUGH, Kenneth resigned
    director
  46. 1992-12-04
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  47. 1990-04-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  48. 1987-02-04
    🏢
    Company incorporated
    As FORTH SOCIAL & LEISURE CLUB LIMITED

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

89/100
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 75 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 39 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.)

Group structure

Waugh Taverns Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Waugh Taverns Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FORTH SOCIAL & LEISURE CLUB LIMITED
This company · SC103019

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
Waugh Taverns Group Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1987-02-04
Jurisdictionscotland
Primary SIC92000 — Gambling and betting activities

Registered office

27c Dryden Road
Loanhead
Midlothian
EH20 9LZ
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-01
Last: 2025-09-17

Officers (3 active · 15 resigned)

BRINGHURST, Susan→
secretary · appointed 2011-03-25
View their other companies + combined net worth →
Active
BRINGHURST, Susan→
director · ~67y · appointed 2007-04-20
View their other companies + combined net worth →
Active
ORR, David Slater→
director · ~75y · appointed 2015-02-11
View their other companies + combined net worth →
Active
SPANNER, Richard Timothy→
secretary · appointed 2007-05-17 · resigned 2011-03-25
Resigned
WALLACE, Georgina Gibb Gilmour→
secretary · appointed 2003-03-10 · resigned 2005-12-23
Resigned
WALLACE, Georgina Gibb Gilmour→
secretary · resigned 2002-12-06
Resigned
HBJ SECRETARIAL LIMITED→
corporate-secretary · appointed 2005-12-23 · resigned 2007-05-17
Resigned
MACROBERTS SOLICITORS→
corporate-secretary · appointed 2002-12-06 · resigned 2003-03-10
Resigned
BRINGHURST, Ian Alexander→
director · ~70y · appointed 2005-04-20 · resigned 2007-04-20
Resigned
BRINGHURST, Susan→
director · ~67y · appointed 2002-12-06 · resigned 2005-04-20
Resigned
SPANNER, Richard Timothy→
director · ~66y · appointed 2007-05-17 · resigned 2009-01-19
Resigned
WALLACE, Georgina Gibb Gilmour→
director · ~88y · resigned 2005-12-23
Resigned
WALLACE, John Campbell→
director · ~91y · resigned 2005-12-23
Resigned
WAUGH, Dorothy Mckenzie→
director · ~91y · appointed 2003-01-28 · resigned 2005-04-20
Resigned
WAUGH, Kenneth→
director · ~89y · appointed 2010-03-01 · resigned 2015-09-06
Resigned
WAUGH, Kenneth Mcdougall→
director · ~65y · appointed 2007-04-20 · resigned 2011-03-25
Resigned
WAUGH, Kenneth→
director · ~89y · appointed 2005-04-20 · resigned 2007-04-20
Resigned
WAUGH, Kenneth→
director · ~89y · resigned 1995-06-30
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/12/2002—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property04/12/1992—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/04/1990—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (143 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-17
change-person-director-company-with-change-date
officers · CH01
2021-07-07
change-person-director-company-with-change-date
officers · CH01
2021-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-20