FORBES HOMES (INVESTMENTS) LIMITED

🌳Matureactive

SC122126 · ltd · incorporated 1989-12-28

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 32.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£4.88M

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 70/100. Strong seller-intent signal (83/100, director aged 71). 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

5 live charges · oldest 32.0y

65/100

clean up first

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

· Oldest live charge is 32.0 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: high (80/100)

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

5 connected companies via shared directors

Filing history

110 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £4,881,178

Key financials

2 years extracted from filed iXBRL accounts

Cash

£5k

Net Worth

£4.9m

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Cash	£5.4k	—
Net assets	£4.88M	—
Average employees	—	200

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2025-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-13
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-31
📄
capital-name-of-class-of-shares
capital · SH08
2015-03-31
📄
memorandum-articles
incorporation · MA
2015-03-31
📄
resolution
resolution · RESOLUTIONS
2015-02-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-03-26
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2013-03-26
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1995-01-09
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
1994-12-12
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1994-04-14
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Charge registered #1
Lender: The Royal Bank of Scotland PLC
1991-10-18
➕
FORBES, Audrey May appointed
secretary
1990-01-29
➕
FORBES, Audrey May appointed
director
1990-01-29
➕
FORBES, Deryck Allister appointed
director
1989-12-28
🏢
Company incorporated
As FORBES HOMES (INVESTMENTS) LIMITED

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "FORBES" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 71 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 36 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

1 low

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Deryck Allister Forbes Individual · British · DOB 07/1955 · age 71	25–50%	25–50%	sig. influence25-50% shares · 25-50% voting · significant influence · firm interest	06/04/2016
Mrs Audrey May Forbes Individual · British · DOB 03/1956 · age 70	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Property · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
G & K PROPERTY SERVICES LIMITED→ SC459099 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
G & K WOOD PROPERTY LTD→ SC639242 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
G&J PROPERTY ABERDEEN LTD→ SC752799 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
GARIOCH DEVELOPMENT COMPANY LIMITED→ SC041214 · est 1964 · no financials extracted	—	—	—	—	61y	—	—
GARVOCK HOMES LTD→ SC656785 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
GC BROTHERS LTD→ SC509533 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
GDJ SOLUTIONS LTD→ SC744571 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
GDT ASSETS LTD→ SC819001 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GE PROPERTIES ABERDEEN LIMITED→ SC478919 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
GEDDES PROPERTIES LIMITED→ SC344530 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
GEMDON LIMITED→ SC257475 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
GEN41 PROPERTIES LTD→ SC813316 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1989-12-28

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Nether Crossley

Maryculter

Aberdeen

AB12 5FA

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-01-11

Last: 2025-12-28

Officers (3 active · 0 resigned)

FORBES, Audrey May→

secretary · appointed 1991-10-18

View their other companies + combined net worth →

Active

FORBES, Audrey May→

director · ~70y · appointed 1990-01-29

View their other companies + combined net worth →

Active

FORBES, Deryck Allister→

director · ~71y · appointed 1990-01-29

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	26/03/2013	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	26/03/2013	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	09/01/1995	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	12/12/1994	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	14/04/1994	—

Click column headers to sort. Use filters above to narrow by status and lender.