FORVIE ESTATES LTD.
💤Zombieactive
SC231503 · ltd · incorporated 2002-05-14
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£456.6k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 62-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 62). 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 (73/100).
🏦
Refinance opportunity
17 live charges · 2 lenders · oldest 23.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.5 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.
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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
88 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
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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £456,570
Net assets shrinking
Down £35,447 YoY
Cash YoY
+53%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1k
↑ 53% YoY
Net Worth
£457k
↓ 7.2% YoY
Current Assets
£3k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £581.7k | £721.4k |
| Current assets | £2.6k | — |
| Cash | £1.1k | £725 |
| Debtors | £1.5k | — |
| Net assets | £456.6k | £492.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 accounts
Last 180 days
9
filings
- • 8 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
- 2026-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-27🔓Charge satisfied #16
- 2026-01-27🔓Charge satisfied #15
- 2026-01-27🔓Charge satisfied #14
- 2026-01-27🔓Charge satisfied #13
- 2026-01-27🔓Charge satisfied #12
- 2026-01-27🔓Charge satisfied #10
- 2026-01-27🔓Charge satisfied #9
- 2025-12-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-02🔓Charge satisfied #7
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-20🔓Charge satisfied #11
- 2025-02-20🔓Charge satisfied #6
- 2024-07-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-05🔓Charge satisfied #17
- 2024-06-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-28🔓Charge satisfied #4
- 2024-06-28🔓Charge satisfied #3
- 2024-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-27🔓Charge satisfied #8
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-05-19🔒Charge registered #17Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #16Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #15Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #14Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #13Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #12Lender: Bank of Scotland PLC
- 2015-05-19🔒Charge registered #11Lender: Bank of Scotland PLC
- 2014-07-09🔓Charge satisfied #2
- 2014-06-18🔓Charge satisfied #5
- 2014-06-18🔓Charge satisfied #1
- 2014-05-23🔒Charge registered #10Lender: Bank of Scotland PLC
- 2014-05-13🔒Charge registered #9Lender: Bank of Scotland PLC
- 2014-05-13🔒Charge registered #8Lender: Bank of Scotland PLC
- 2014-05-01🔒Charge registered #7Lender: Bank of Scotland PLC
- 2007-08-24🔒Charge registered #6Lender: Clydesdale Bank Public Limited Company
- 2006-05-04🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 61 events
Owner dependency
93/100
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.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter David Stubbs Individual · British · DOB 07/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mrs Andrea Stubbs Individual · British · DOB 04/1963 · age 63 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GOODLAD PROPERTIES LIMITED→ SC278555 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| GORDON INVESTMENT CORPORATION LIMITED→ SC122112 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| GRAMPIAN PROPERTY BUYERS LTD→ SC711109 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GRAND PROPERTIES ABERDEEN LTD→ SC712912 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GRANITE CITY RENTALS LTD→ SC824447 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GREYMATTER PROPERTY INVESTMENTS LTD→ SC777380 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| H2N HOUSING LTD→ SC707055 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| HAIGH PROPERTY RENTALS LIMITED→ SC769569 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HAMMERSMITH PROPERTIES LIMITED→ SC441198 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| HAMR PROPERTIES LTD→ SC741450 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| HANDYL PROPERTIES LIMITED→ SC536421 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| HARDHAUGH PROPERTIES LIMITED→ SC686450 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2002-05-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Milton Of Collieston
Ellon
Aberdeenshire
AB41 8RG
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09
Officers (2 active · 2 resigned)
Active
STUBBS, Peter David→
Activedirector · ~62y · appointed 2002-05-14
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-05-14 · resigned 2002-05-14
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-05-14 · resigned 2002-05-14
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
0
Outstanding
0
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 05/07/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/05/2015 | 20/02/2025 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 23/05/2014 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 13/05/2014 | 27/01/2026 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 13/05/2014 | 27/09/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 01/05/2014 | 02/12/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 24/08/2007 | 20/02/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 04/05/2006 | 18/06/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 13/02/2004 | 28/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 25/04/2003 | 28/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/11/2002 | 09/07/2014 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 01/11/2002 | 18/06/2014 |
Recent filings (88 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-20
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-28