ASPEN FORESTRY LIMITED

💤Zombieactive
SC237888 · ltd · incorporated 2002-10-09
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 64). 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

1 live charge · oldest 21.5y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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 (2 active, 11 linked, 5 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31

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

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-06-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-04-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-04-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-01-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-12-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2022-03-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-11-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2018-07-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-05-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-06-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-10-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-03-02
    📄
    annual-return-company-with-made-up-date
    annual-return · AR01
  16. 2008-02-01
    ➕
    HETHERINGTON, Hazel appointed
    secretary
  17. 2008-02-01
    ➖
    MOORE, Anthony John resigned
    secretary
  18. 2008-02-01
    ➖
    MOORE, Anthony John resigned
    director
  19. 2008-01-30
    🔓
    Charge satisfied #1
  20. 2007-04-28
    ➕
    HETHERINGTON, John appointed
    director
  21. 2007-04-28
    ➖
    CARTER, Graham John resigned
    director
  22. 2007-04-27
    ➕
    MOORE, Anthony John appointed
    secretary
  23. 2007-04-27
    ➖
    NAPIER, Karen resigned
    secretary
  24. 2007-04-27
    ➖
    CARTER, Susan resigned
    director
  25. 2007-04-27
    ➕
    MOORE, Anthony John appointed
    director
  26. 2004-12-16
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  27. 2004-04-16
    ➖
    BLACKBURN, Trevor Matthew resigned
    director
  28. 2002-11-09
    ➕
    BLACKBURN, Trevor Matthew appointed
    director
  29. 2002-10-09
    🏢
    Company incorporated
    As ASPEN FORESTRY LIMITED
  30. 2002-10-09
    ➕
    NAPIER, Karen appointed
    secretary
  31. 2002-10-09
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  32. 2002-10-09
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  33. 2002-10-09
    ➕
    CARTER, Graham John appointed
    director
  34. 2002-10-09
    ➕
    CARTER, Susan appointed
    director
  35. 2002-10-09
    ➕
    COMBINED NOMINEES LIMITED appointed
    corporate-nominee-director
  36. 2002-10-09
    ➖
    COMBINED NOMINEES LIMITED resigned
    corporate-nominee-director
  37. 2002-10-09
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-director
  38. 2002-10-09
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Premier Woodlands Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Premier Woodlands Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ASPEN FORESTRY LIMITED
This company · SC237888

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%
NameSharesVoting rightsNature of controlNotified
Premier Woodlands Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated2002-10-09
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

Suite 111, King James Vi
Business Centre
Perth
Perthshire
PH2 8DG

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (2 active · 9 resigned)

HETHERINGTON, Hazel→
secretary · appointed 2008-02-01
View their other companies + combined net worth →
Active
HETHERINGTON, John→
director · ~64y · appointed 2007-04-28
View their other companies + combined net worth →
Active
MOORE, Anthony John→
secretary · appointed 2007-04-27 · resigned 2008-02-01
Resigned
NAPIER, Karen→
secretary · appointed 2002-10-09 · resigned 2007-04-27
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 2002-10-09 · resigned 2002-10-09
Resigned
BLACKBURN, Trevor Matthew→
director · ~59y · appointed 2002-11-09 · resigned 2004-04-16
Resigned
CARTER, Graham John→
director · ~64y · appointed 2002-10-09 · resigned 2007-04-28
Resigned
CARTER, Susan→
director · ~60y · appointed 2002-10-09 · resigned 2007-04-27
Resigned
MOORE, Anthony John→
director · ~75y · appointed 2007-04-27 · resigned 2008-02-01
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 2002-10-09 · resigned 2002-10-09
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 2002-10-09 · resigned 2002-10-09
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property16/12/200430/01/2008

Recent filings (68 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-dormant
accounts · AA
2025-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-dormant
accounts · AA
2024-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-15
accounts-with-accounts-type-dormant
accounts · AA
2023-04-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-18
gazette-notice-compulsory
gazette · GAZ1
2022-12-27
accounts-with-accounts-type-dormant
accounts · AA
2022-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
accounts-with-accounts-type-dormant
accounts · AA
2020-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-12
accounts-with-accounts-type-dormant
accounts · AA
2019-11-27