FORBES LESLIE NETWORK LIMITED
- · Oldest live charge 32.0y old — refinance window within 12 months
Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). 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 · 2 lenders · oldest 32.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 32.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | — | £238.6k |
| Current assets | — | £269.2k |
| Cash | — | £134.7k |
| Debtors | — | £134.5k |
| Net assets | — | £219.5k |
| Average employees | 14 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (34 events)Click to expand
- 2025-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-06-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-06📄change-person-director-company-with-change-dateofficers · CH01
- 2017-02-06📄change-person-secretary-company-with-change-dateofficers · CH03
- 2017-02-06📄change-person-director-company-with-change-dateofficers · CH01
- 2016-11-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-08-31➖HILL, Graham Malcolm resigneddirector
- 2008-01-15🔒Charge registered #3Lender: Bank of Scotland PLC
- 2007-04-13➕ROBERTSON, David appointedsecretary
- 2007-04-13➕AIKEN, Donald George appointeddirector
- 2007-04-13➕ROBERTSON, David appointeddirector
- 2007-04-13➖FORBES, Iain Allan Macarthur resignedsecretary
- 2007-04-13➖FORBES, Iain Allan Macarthur resigneddirector
- 2007-04-13➖LESLIE, William resigneddirector
- 2002-12-09🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1994-05-03🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1994-04-01➕HILL, Graham Malcolm appointeddirector
- 1994-03-01➕FORBES, Iain Allan Macarthur appointedsecretary
- 1994-03-01➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1994-03-01➕FORBES, Iain Allan Macarthur appointeddirector
- 1994-03-01➕LESLIE, William appointeddirector
- 1994-03-01➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1994-02-07🏢Company incorporatedAs FORBES LESLIE NETWORK LIMITED
- 1994-02-07➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1994-02-07➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- 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 32 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
cleanGroup structure
Fln Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Fln Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (3 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 15/01/2008 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Deed of mortgage and charge | 1 property | 09/12/2002 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 03/05/1994 | — |