FORTHTAY LIMITED
⚰️Wound downdissolved
SC197502 · ltd · incorporated 1999-06-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 19.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: SIC 7020
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 19.6y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.6 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: low (46/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2019-01-15📄gazette-dissolved-compulsorygazette · GAZ2
- 2019-01-15🏁Company dissolved
- 2017-03-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-03-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-02-15➕STEWART, Derek appointeddirector
- 2017-02-15➖LETLEY, Paul David resigneddirector
- 2013-09-14📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2013-09-06📄gazette-notice-compulsarygazette · GAZ1
- 2012-04-06📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2012-03-23📄gazette-notice-compulsarygazette · GAZ1
- 2011-07-09📄gazette-filings-brought-up-to-dategazette · DISS40
- 2011-07-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-07-08📄change-person-director-company-with-change-dateofficers · CH01
- 2011-05-26📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-01-13📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2010-11-26📄gazette-notice-compulsarygazette · GAZ1
- 2010-10-06📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-04-20📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2010-02-05📄gazette-notice-compulsarygazette · GAZ1
- 2009-10-02📄legacyannual-return · 363a
- 2009-07-15📍legacyaddress · 287
- 2009-07-15📄legacyannual-return · 363a
- 2009-07-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2009-07-13📄legacyannual-return · 363a
- 2009-06-16📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2009-05-01📄gazette-notice-compulsarygazette · GAZ1
- 2008-05-28📍legacyaddress · 287
- 2008-03-04📄accounts-with-accounts-type-smallaccounts · AA
- 2006-10-18➕TARLING, Joanne Maxine appointedsecretary
- 2006-10-18➖SALE, Paul resignedsecretary
- 2006-10-18➖CRUICKSHANK, Angus William resigneddirector
- 2006-10-18➕LETLEY, Paul David appointeddirector
- 2006-10-18➖SALE, Paul resigneddirector
- 2006-10-18🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1999-06-24🏢Company incorporatedAs FORTHTAY LIMITED
- 1999-06-24➕SALE, Paul appointedsecretary
- 1999-06-24➕PF & S (SECRETARIES) LIMITED appointedcorporate-nominee-secretary
- 1999-06-24➖PF & S (SECRETARIES) LIMITED resignedcorporate-nominee-secretary
- 1999-06-24➕CRUICKSHANK, Angus William appointeddirector
- 1999-06-24➕SALE, Paul appointeddirector
- 1999-06-24➕PF & S (DIRECTORS) LIMITED appointedcorporate-nominee-director
- 1999-06-24➖PF & S (DIRECTORS) LIMITED resignedcorporate-nominee-director
Owner dependency
90/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2019-01-15
Similar companies
Active · Professional services · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FLINTSTONE TECHNOLOGY LIMITED→ SC419975 · est 2012 | £8.97M £6.61M–£11.33M | — | — | 14 | 14y | 83 | 66y |
| D J LAING GROUP LIMITED→ SC398954 · est 2011 | £3.19M £2.35M–£4.03M | — | — | — | 15y | 82 | 79y |
| MARTIN ALAN HOLDINGS LIMITED→ SC308225 · est 2006 | £1.97M £1.45M–£2.49M | — | — | 53 | 19y | 88 | 69y |
| JTC FURNITURE GROUP LIMITED→ SC368612 · est 2009 | £753.7k £555.4k–£952.0k | — | — | 4 | 16y | 82 | 64y |
| THE INSIGHTS GROUP LIMITED→ SC166543 · est 1996 · no financials extracted | — | — | — | — | 29y | 83 | 86y |
| AEMS LIMITED→ SC329130 · est 2007 | — | — | — | — | 18y | 82 | 69y |
| ATELIER-M LIMITED→ SC289842 · est 2005 | — | — | — | 300 | 20y | 82 | 61y |
| BELLSHELF (NINETY SEVEN) LIMITED→ SC271323 · est 2004 | — | — | £370.1k | — | 21y | 82 | 64y |
| DEEP TEK LIMITED→ SC191642 · est 1998 | — | — | — | 200 | 27y | 82 | 68y |
| DOUGLAS J. MARTIN & CO. (SCOTLAND) LIMITED→ SC297521 · est 2006 | — | — | £35.1k | — | 20y | 82 | 70y |
| EVOTEK LIMITED→ SC270149 · est 2004 | — | — | — | 100 | 21y | 82 | 59y |
| HIGHLAND FOOD GROUP LIMITED→ SC277996 · est 2005 | — | — | — | 98 | 21y | 82 | 55y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusdissolved
Typeltd
Incorporated1999-06-24
Jurisdictionscotland
Primary SIC7020 — SIC 7020
Registered office
4 Valentine Court
Dunsinane Estate
Dundee
Tayside
DD2 3QB
United Kingdom
Filing status
Accounts
Next due: —
Last made up to: 2006-10-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
TARLING, Joanne Maxine→
Activesecretary · appointed 2006-10-18
View their other companies + combined net worth →
STEWART, Derek→
Activedirector · ~69y · appointed 2017-02-15
View their other companies + combined net worth →
SALE, Paul→
Resignedsecretary · appointed 1999-06-24 · resigned 2006-10-18
PF & S (SECRETARIES) LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-06-24 · resigned 1999-06-24
CRUICKSHANK, Angus William→
Resigneddirector · ~67y · appointed 1999-06-24 · resigned 2006-10-18
LETLEY, Paul David→
Resigneddirector · ~69y · appointed 2006-10-18 · resigned 2017-02-15
SALE, Paul→
Resigneddirector · ~58y · appointed 1999-06-24 · resigned 2006-10-18
PF & S (DIRECTORS) LIMITED→
Resignedcorporate-nominee-director · appointed 1999-06-24 · resigned 1999-06-24
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 18/10/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (59 total)
gazette-dissolved-compulsory
gazette · GAZ2
2019-01-15
termination-director-company-with-name-termination-date
officers · TM01
2017-03-15
appoint-person-director-company-with-name-date
officers · AP01
2017-03-15
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2013-09-14
gazette-notice-compulsary
gazette · GAZ1
2013-09-06
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2012-04-06
gazette-notice-compulsary
gazette · GAZ1
2012-03-23
gazette-filings-brought-up-to-date
gazette · DISS40
2011-07-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-08
change-person-director-company-with-change-date
officers · CH01
2011-07-08
change-registered-office-address-company-with-date-old-address
address · AD01
2011-05-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2011-01-13
gazette-notice-compulsary
gazette · GAZ1
2010-11-26
change-registered-office-address-company-with-date-old-address
address · AD01
2010-10-06
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2010-04-20