FORBLAST LIMITED

🌳Matureactive
SC111830 · ltd · incorporated 1988-06-22
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 37.6y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

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. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 37.6y

65/100
clean up first

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

  • · Oldest live charge is 37.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
103 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.

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-08-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-08-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-08-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-07-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-11-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-07-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-07-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-12-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-08-07
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2016-11-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-06-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-12-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2010-12-17
    ➖
    MCLENNAN, Margery Anne resigned
    secretary
  17. 2008-09-01
    ➕
    FORSYTH, Richard Ernest appointed
    director
  18. 2007-04-30
    ➖
    BINNIE, William Dawson resigned
    director
  19. 2004-05-10
    ➖
    MURRAY, John Alexander resigned
    director
  20. 1988-10-31
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  21. 1988-06-22
    🏢
    Company incorporated
    As FORBLAST LIMITED

Owner dependency

91/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 18 years.
  • secondaryStable-but-static management: Company is 38 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

Forsyths Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Forsyths Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FORBLAST LIMITED
This company · SC111830

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
Forsyths Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016
2 historic (ceased) PSCs
  • Mr Richard Forsythceased 06/04/2026· significant influence
  • Mr Richard Ernest Forsythceased 06/04/2026· significant influence

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
Incorporated1988-06-22
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

Morayshire Copperworks Station Street
Rothes
Aberlour
Banffshire
AB38 7AD

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-06-04
Last: 2026-05-21

Officers (2 active · 3 resigned)

FORSYTH, Richard Ernest→
director · ~47y · appointed 2008-09-01
View their other companies + combined net worth →
Active
FORSYTH, Richard→
director · ~75y
View their other companies + combined net worth →
Active
MCLENNAN, Margery Anne→
secretary · resigned 2010-12-17
Resigned
BINNIE, William Dawson→
director · ~86y · resigned 2007-04-30
Resigned
MURRAY, John Alexander→
director · ~78y · resigned 2004-05-10
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 Public Limited Company
Floating charge1 property31/10/1988—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-08
accounts-with-accounts-type-dormant
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-dormant
accounts · AA
2024-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-dormant
accounts · AA
2023-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-08
accounts-with-accounts-type-dormant
accounts · AA
2022-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-dormant
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-24
accounts-with-accounts-type-dormant
accounts · AA
2020-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-01