FORBES ENTERPRISES LTD.

🌳Matureactive
SC187106 · ltd · incorporated 1998-06-22
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£19.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 77). 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 27.2y

65/100
clean up first

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

  • · Oldest live charge is 27.2 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 (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £19,874
Net assets shrinking
Down £460 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£20k
↓ 2.3% YoY
Current Assets
£25k
~ YoY
Current Liabilities
—
£0£5k£10k£15k£20k£25kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£20.3k£20.3k
Current assets£24.8k£24.8k
Cash—£406
Net assets£19.9k£20.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-01-27
    ➕
    FORBES, Elizabeth Shilling Adams appointed
    secretary
  4. 2025-01-27
    ➖
    CHAINEY, Caroline Anne resigned
    secretary
  5. 2025-01-27
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  6. 2025-01-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-02-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2023-03-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-02-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-02-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2020-02-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-08-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-07-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-06-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-06-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2016-03-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-04-07
    ➕
    FORBES, Farquhar Maclennan appointed
    director
  20. 2014-04-07
    ➕
    FORBES, Lilian Marjory appointed
    director
  21. 2014-04-07
    ➕
    CHAINEY, Caroline Anne appointed
    secretary
  22. 2014-04-07
    ➖
    FORBES, Farquhar Maclennan resigned
    secretary
  23. 2014-04-05
    ➖
    FORBES, John Charles Alexander, Rev. resigned
    director
  24. 2014-04-05
    ➖
    MIDDLEMISS, Martha Rose resigned
    director
  25. 2000-12-13
    ➕
    MIDDLEMISS, Martha Rose appointed
    director
  26. 1999-11-15
    ➕
    FORBES, Farquhar Andrew Macqueen appointed
    director
  27. 1999-11-15
    ➖
    FORBES, Lilian Marjory resigned
    director
  28. 1999-09-13
    ➖
    FORBES, Farquhar Maclennan resigned
    director
  29. 1999-09-13
    ➕
    FORBES, John Charles Alexander, Rev. appointed
    director
  30. 1999-01-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  31. 1998-06-22
    🏢
    Company incorporated
    As FORBES ENTERPRISES LTD.
  32. 1998-06-22
    ➕
    FORBES, Farquhar Maclennan appointed
    secretary
  33. 1998-06-22
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 1998-06-22
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  35. 1998-06-22
    ➕
    FORBES, Farquhar Maclennan appointed
    director
  36. 1998-06-22
    ➕
    FORBES, Lilian Marjory appointed
    director

Owner dependency

98/100
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 "FORBES" — 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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 77 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Farquhar Andrew Macqueen Forbes
Individual · British · DOB 12/1980 · age 46
25–50%
25–50%board control25-50% shares · 25-50% voting · board control07/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1998-06-22
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Inverarnie House
Inverarnie
Inverness
IV2 6XA

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-06
Last: 2025-06-22

Officers (4 active · 7 resigned)

FORBES, Elizabeth Shilling Adams→
secretary · appointed 2025-01-27
View their other companies + combined net worth →
Active
FORBES, Farquhar Maclennan→
director · ~77y · appointed 2014-04-07
View their other companies + combined net worth →
Active
FORBES, Farquhar Andrew Macqueen→
director · ~46y · appointed 1999-11-15
View their other companies + combined net worth →
Active
FORBES, Lilian Marjory→
director · ~71y · appointed 2014-04-07
View their other companies + combined net worth →
Active
CHAINEY, Caroline Anne→
secretary · appointed 2014-04-07 · resigned 2025-01-27
Resigned
FORBES, Farquhar Maclennan→
secretary · appointed 1998-06-22 · resigned 2014-04-07
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1998-06-22 · resigned 1998-06-22
Resigned
FORBES, Farquhar Maclennan→
director · ~77y · appointed 1998-06-22 · resigned 1999-09-13
Resigned
FORBES, John Charles Alexander, Rev.→
director · ~47y · appointed 1999-09-13 · resigned 2014-04-05
Resigned
FORBES, Lilian Marjory→
director · ~71y · appointed 1998-06-22 · resigned 1999-11-15
Resigned
MIDDLEMISS, Martha Rose→
director · ~44y · appointed 2000-12-13 · resigned 2014-04-05
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 property30/01/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-06
appoint-person-secretary-company-with-name-date
officers · AP03
2025-01-27
termination-secretary-company-with-name-termination-date
officers · TM02
2025-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-24
accounts-with-accounts-type-dormant
accounts · AA
2023-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-02-03