FORSTER ROOFING SERVICES LIMITED

🌳Matureactive
SC123604 · ltd · incorporated 1990-03-08
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
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 35.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 35.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — 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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
16 officers (4 active, 16 linked, 12 with DOB)
85
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
154 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees64006000

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
  1. 2025-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-07-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-07-01
    ➖
    RAFFELL, Bruce resigned
    director
  8. 2023-05-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-07-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2022-02-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-01-31
    ➖
    DOUGLAS, Maureen Kathryn resigned
    director
  12. 2021-09-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2020-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2020-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2020-03-24
    🔓
    Charge satisfied #3
  16. 2020-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-01-09
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2020-01-08
    🔒
    Charge registered #4
    Lender: Handelsbanken PLC
  19. 2019-12-23
    📄
    capital-allotment-shares
    capital · SH01
  20. 2019-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2019-05-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2019-04-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2019-04-24
    ➖
    SCOTT, Steven Stewart resigned
    director
  24. 2016-12-01
    ➕
    ADAMS, Kirsteen Ann appointed
    secretary
  25. 2016-11-30
    ➖
    MCILRAVEY, Ian resigned
    secretary
  26. 2016-11-30
    ➖
    MCILRAVEY, Ian resigned
    director
  27. 2016-01-28
    ➕
    RAFFELL, Bruce appointed
    director
  28. 2015-01-29
    ➕
    MCIVOR, Neil appointed
    director
  29. 2013-04-19
    ➕
    DOUGLAS, Maureen Kathryn appointed
    director
  30. 2012-05-10
    ➖
    DODDS, Keith resigned
    director
  31. 2008-10-03
    ➖
    WELSH, Roger Grahame resigned
    director
  32. 2007-01-01
    ➕
    MCILRAVEY, Ian appointed
    director
  33. 2007-01-01
    ➕
    SCOTT, Steven Stewart appointed
    director
  34. 2006-05-16
    ➖
    FERGUSON, Eileen Margaret May resigned
    secretary
  35. 2006-05-16
    ➕
    MCILRAVEY, Ian appointed
    secretary
  36. 2005-01-01
    ➕
    DODDS, Keith appointed
    director
  37. 2004-05-10
    ➕
    FORSTER, John Arthur George appointed
    director
  38. 2004-05-10
    ➕
    FERGUSON, Eileen Margaret May appointed
    secretary
  39. 2004-05-10
    ➖
    FORSTER, John resigned
    secretary
  40. 2004-05-10
    ➖
    FORSTER, John resigned
    director
  41. 2003-08-08
    ➖
    BURTON, Michael Norris resigned
    director
  42. 2001-08-14
    🔓
    Charge satisfied #1
  43. 2001-01-01
    ➕
    BURTON, Michael Norris appointed
    director
  44. 2001-01-01
    ➕
    WELSH, Roger Grahame appointed
    director
  45. 1999-12-21
    ➕
    FORSTER, Judy Catherine appointed
    director
  46. 1999-12-20
    ➖
    COLE, Benjamin Charles resigned
    director
  47. 1999-11-05
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  48. 1990-09-14
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  49. 1990-09-05
    ➕
    COLE, Benjamin Charles appointed
    director
  50. 1990-09-05
    ➕
    FORSTER, John appointed
    director
Showing most recent 50 of 52 events

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
  • +Founder name in company name: Company name contains director surname "FORSTER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primary20+ year tenure: Director in role 26 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Judy Catherine Forster
Individual · British · DOB 03/1968 · age 58
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest06/04/2016
Mr John Arthur George Forster
Individual · Scottish · DOB 02/1967 · age 59
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest06/04/2016

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

6 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
Incorporated1990-03-08
Jurisdictionscotland
Primary SIC43910 — Roofing activities

Registered office

22 Commerce Street
Brechin
Angus
DD9 7BD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (4 active · 12 resigned)

ADAMS, Kirsteen Ann→
secretary · appointed 2016-12-01
View their other companies + combined net worth →
Active
FORSTER, John Arthur George→
director · ~59y · appointed 2004-05-10
View their other companies + combined net worth →
Active
FORSTER, Judy Catherine→
director · ~58y · appointed 1999-12-21
View their other companies + combined net worth →
Active
MCIVOR, Neil→
director · ~52y · appointed 2015-01-29
View their other companies + combined net worth →
Active
FERGUSON, Eileen Margaret May→
secretary · appointed 2004-05-10 · resigned 2006-05-16
Resigned
FORSTER, John→
secretary · appointed 1990-07-01 · resigned 2004-05-10
Resigned
MCILRAVEY, Ian→
secretary · appointed 2006-05-16 · resigned 2016-11-30
Resigned
BURTON, Michael Norris→
director · ~70y · appointed 2001-01-01 · resigned 2003-08-08
Resigned
COLE, Benjamin Charles→
director · ~63y · appointed 1990-09-05 · resigned 1999-12-20
Resigned
DODDS, Keith→
director · ~67y · appointed 2005-01-01 · resigned 2012-05-10
Resigned
DOUGLAS, Maureen Kathryn→
director · ~48y · appointed 2013-04-19 · resigned 2022-01-31
Resigned
FORSTER, John→
director · ~59y · appointed 1990-09-05 · resigned 2004-05-10
Resigned
MCILRAVEY, Ian→
director · ~65y · appointed 2007-01-01 · resigned 2016-11-30
Resigned
RAFFELL, Bruce→
director · ~40y · appointed 2016-01-28 · resigned 2024-07-01
Resigned
SCOTT, Steven Stewart→
director · ~54y · appointed 2007-01-01 · resigned 2019-04-24
Resigned
WELSH, Roger Grahame→
director · ~54y · appointed 2001-01-01 · resigned 2008-10-03
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property08/01/2020—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property05/11/199924/03/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property14/09/199014/08/2001
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (154 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-small
accounts · AA
2024-09-26
termination-director-company-with-name-termination-date
officers · TM01
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-small
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-small
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
termination-director-company-with-name-termination-date
officers · TM01
2022-02-11
accounts-with-accounts-type-small
accounts · AA
2021-09-20