FORTH MARINE TEXTILES LIMITED

💤Zombieactive

SC249639 · ltd · incorporated 2003-05-20

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 Jun 2025

Net worth

£-23.6k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 13990

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). 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).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (2 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

63 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £23,632

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£24k

↓ 215% YoY

Current Assets

£13k

↓ 4.9% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£12.1k	£14.5k
Current assets	£12.5k	£13.1k
Net assets	£-23.6k	£-7.5k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-03-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-07
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-01-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-02-05
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-02-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-24
📄
change-person-director-company-with-change-date
officers · CH01
2016-05-23
📄
change-person-director-company-with-change-date
officers · CH01
2016-02-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-05-01
➕
GRANT, Susan Elizabeth appointed
secretary
2011-03-19
➖
NEWBIGGING, Joan Mary resigned
secretary
2011-03-19
➖
NEWBIGGING, Joan Mary resigned
director
2005-01-08
➕
NEWBIGGING, Joan Mary appointed
director
2003-05-20
🏢
Company incorporated
As FORTH MARINE TEXTILES LIMITED
2003-05-20
➕
NEWBIGGING, Jerry Lee Kennedy appointed
director
2003-05-20
➕
NEWBIGGING, Joan Mary appointed
secretary
2003-05-20
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2003-05-20
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

100/100

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 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100

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 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.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Jerry Lee Kennedy Newbigging Individual · British · DOB 12/1957 · age 69	75–100%	—	75-100% shares	20/05/2016

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

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FIFE MEMORIALS LTD→ SC399948 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
FIFE SHUTTERS LIMITED→ SC240232 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
FOSSGAR SERVICES LIMITED→ SC517010 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
FULLY FITTED WARDROBES LIMITED→ SC506051 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
G KELLY LTD→ SC528989 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
G.S. BROWN (PRECISION ENGINEERS) LIMITED→ SC137707 · est 1992 · no financials extracted	—	—	—	—	34y	—	—
GARVOCK SERVICES LIMITED→ SC244246 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
GEM CARAVANS (FIFE) LTD→ SC469992 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
GLENDALE PLASTICS LIMITED→ SC070131 · est 1979 · no financials extracted	—	—	—	—	46y	—	—
GRAND HOME DECOR LTD→ SC841201 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
GRAY FABRICATION LIMITED→ SC074779 · est 1981 · no financials extracted	—	—	—	—	44y	—	—
GSC13 LTD→ SC851455 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2003-05-20

Jurisdictionscotland

Primary SIC13990 — SIC 13990

Registered office

Unit 7 9

Miller Road

Dunfermline

Fife

KY12 9DL

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-02

Last: 2025-05-19

Officers (2 active · 3 resigned)

GRANT, Susan Elizabeth→

secretary · appointed 2013-05-01

View their other companies + combined net worth →

Active

NEWBIGGING, Jerry Lee Kennedy→

director · ~69y · appointed 2003-05-20

View their other companies + combined net worth →

Active

NEWBIGGING, Joan Mary→

secretary · appointed 2003-05-20 · resigned 2011-03-19

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2003-05-20 · resigned 2003-05-20

Resigned

NEWBIGGING, Joan Mary→

director · ~76y · appointed 2005-01-08 · resigned 2011-03-19

Resigned

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