FORTH ENGINEERING SERVICES LIMITED
- 71129Other engineering activities
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 31.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 31.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | — | £245.2k |
| Current assets | — | £275.0k |
| Cash | — | £199.3k |
| Debtors | — | £60.7k |
| Net assets | — | £245.2k |
| Average employees | 3 | — |
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 address
- • 1 accounts
- • 1 confirmation-statement
- • 1 address
- • 1 accounts
Corporate timeline (35 events)Click to expand
- 2026-03-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-03-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-30🔒Charge registered #2Lender: Ifs - Smaller Loans LP (LP023364) Acting by Its General Partner Dsl Ifs Smaller Loans Gp LTD (SC781857)
- 2025-10-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-10-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-14➕MCCONDICHIE, Tony Robert appointeddirector
- 2025-10-14➖TORRANCE, Robert James Thomas resignedsecretary
- 2025-10-14➖CLELAND, John resigneddirector
- 2025-10-14➖TORRANCE, Robert James Thomas resigneddirector
- 2025-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-03🔓Charge satisfied #1
- 2024-03-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 1995-02-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1994-12-21🏢Company incorporatedAs FORTH ENGINEERING SERVICES LIMITED
- 1994-12-21➕TORRANCE, Robert James Thomas appointedsecretary
- 1994-12-21➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 1994-12-21➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 1994-12-21➕CLELAND, John appointeddirector
- 1994-12-21➕TORRANCE, Robert James Thomas appointeddirector
- 1994-12-21➕COMBINED NOMINEES LIMITED appointedcorporate-nominee-director
- 1994-12-21➖COMBINED NOMINEES LIMITED resignedcorporate-nominee-director
- 1994-12-21➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-director
- 1994-12-21➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: TORRANCE, Robert James Thomas resigned 2025-10-14; CLELAND, John resigned 2025-10-14; TORRANCE, Robert James Thomas resigned 2025-10-14
Group structure
Mccondichie (Holdings) Ltd 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 |
|---|---|---|---|---|
Mccondichie (Holdings) Ltd Corporate entity | 75–100% | — | 75-100% shares | 14/10/2025 |
2 historic (ceased) PSCs
- Mr Robert James Thomas Torranceceased 14/10/2025· 25-50% shares · 25-50% voting · board control
- Mr John Clelandceased 14/10/2025· 25-50% shares · 25-50% voting · board control
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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|---|---|---|---|---|---|---|---|
| DRAMFOOL LTD→ SC506602 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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| FRABRI LIMITED→ SC858183 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FRED'S WHISKY LIMITED→ SC676436 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FREEWORLD TRADING LIMITED→ SC156834 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| FRESH START (SCOTLAND) TRADING LIMITED→ SC526754 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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 (1 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ifs - Smaller Loans LP (LP023364) Acting by Its General Partner Dsl Ifs Smaller Loans Gp (SC781857) Ifs - Smaller Loans LP (LP023364) Acting by Its General Partner Dsl Ifs Smaller Loans Gp LTD (SC781857) | A registered charge | — | 30/10/2025 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 23/02/1995 | 03/07/2024 |