FORTH INNS LTD.
⚰️Wound downdissolved
SC292996 · ltd · incorporated 2005-11-10
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 19.7y old — refinance window within 12 months
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
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: SIC 5530
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 5540SIC 5540
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (65/100, director aged 63). 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 19.7y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.7 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 (48/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 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
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth 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
80
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 (36 events)Click to expand
- 2010-02-26📄gazette-dissolved-compulsorygazette · GAZ2
- 2010-02-26🏁Company dissolved
- 2009-09-11📄gazette-notice-compulsorygazette · GAZ1
- 2008-06-26📄legacyofficers · 288c
- 2008-04-07➖LOGAN, David resignedsecretary
- 2008-04-07📄legacyofficers · 288b
- 2008-01-14📍legacyaddress · 287
- 2007-09-06📄legacyofficers · 288a
- 2007-09-06📄legacyofficers · 288b
- 2007-09-05➖DONOGHUE, David resignedsecretary
- 2007-09-05➕LOGAN, David appointedsecretary
- 2007-03-19📄legacyofficers · 288a
- 2007-03-19📄legacyofficers · 288b
- 2007-03-01➕DELICATA, Anthony Michael appointeddirector
- 2007-03-01➖DONOGHUE, Jane Susan resigneddirector
- 2006-11-23📄legacycapital · 88(2)R
- 2006-11-23📄legacyannual-return · 363a
- 2006-11-13📄legacymortgage · 410(Scot)
- 2006-11-02🔒Charge registered #1Lender: Caledonian Heritable Limited
- 2006-10-09📍legacyaddress · 287
- 2006-10-09📄legacyofficers · 288b
- 2006-10-06➖MUDIE, Steven resigneddirector
- 2006-07-14📄legacyofficers · 288a
- 2006-07-04📄legacyofficers · 288a
- 2006-07-04📄legacyofficers · 288a
- 2006-06-29➕MUDIE, Steven appointeddirector
- 2006-06-19➕DONOGHUE, David appointedsecretary
- 2006-06-19➕DONOGHUE, Jane Susan appointeddirector
- 2005-11-11📄legacyofficers · 288b
- 2005-11-11📄legacyofficers · 288b
- 2005-11-10🏢Company incorporatedAs FORTH INNS LTD.
- 2005-11-10➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2005-11-10➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2005-11-10➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2005-11-10➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 2005-11-10📄incorporation-companyincorporation · NEWINC
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 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
88/100
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 63. 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 21 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 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-02-26
🔒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 · Hospitality · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THE BONHAM HOTEL EDINBURGH LIMITED→ SC118669 · est 1989 | £13.13M £9.85M–£16.41M | — | — | 65 | 37y | 83 | 69y |
| OMNI TAVERNS LTD.→ SC307655 · est 2006 | £2.89M £2.17M–£3.61M | — | — | 85 | 19y | 87 | 60y |
| ADJUSTLIGHT LIMITED→ SC139599 · est 1992 · no financials extracted | — | — | — | — | 33y | 83 | 58y |
| ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→ SC272735 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 79y |
| DESTINATION EDINBURGH LIMITED→ SC357298 · est 2009 | — | — | £254.5k | — | 17y | 83 | 58y |
| ELITE HOTELS LIMITED→ SC103199 · est 1987 | — | — | — | 0 | 39y | 83 | 76y |
| MORAG'S LODGES LIMITED→ SC192271 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 61y |
| SALTIRE HOSPITALITY LIMITED→ SC208776 · est 2000 | — | — | — | 83 | 26y | 83 | 63y |
| SCOTS GUARDS ASSOCIATION CLUB, LIMITED→ SC013223 · est 1924 | — | — | — | 6 | 102y | 83 | 80y |
| STAY CITY APARTMENTS LTD.→ SC338588 · est 2008 · no financials extracted | — | — | — | — | 18y | 83 | 59y |
| SURGEONS QUARTER LIMITED→ SC256751 · est 2003 · no financials extracted | — | — | — | — | 22y | 83 | 82y |
| SWS (GLASGOW ROAD) LIMITED→ SC335054 · est 2007 | — | — | — | 2200 | 18y | 83 | 61y |
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
Statusdissolved
Typeltd
Incorporated2005-11-10
Jurisdictionscotland
Primary SIC5530 — SIC 5530
Registered office
24 Great King Street
Edinburgh
EH3 6QN
Filing status
Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
DELICATA, Anthony Michael→
Activedirector · ~63y · appointed 2007-03-01
View their other companies + combined net worth →
DONOGHUE, David→
Resignedsecretary · appointed 2006-06-19 · resigned 2007-09-05
LOGAN, David→
Resignedsecretary · appointed 2007-09-05 · resigned 2008-04-07
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2005-11-10 · resigned 2005-11-10
DONOGHUE, Jane Susan→
Resigneddirector · ~64y · appointed 2006-06-19 · resigned 2007-03-01
MUDIE, Steven→
Resigneddirector · ~66y · appointed 2006-06-29 · resigned 2006-10-06
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2005-11-10 · resigned 2005-11-10
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 | Caledonian Heritable Caledonian Heritable Limited | Floating charge | 1 property | 02/11/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
gazette-dissolved-compulsory
gazette · GAZ2
2010-02-26
gazette-notice-compulsory
gazette · GAZ1
2009-09-11
legacy
officers · 288c
2008-06-26
legacy
officers · 288b
2008-04-07
legacy
address · 287
2008-01-14
legacy
officers · 288a
2007-09-06
legacy
officers · 288b
2007-09-06
legacy
officers · 288a
2007-03-19
legacy
officers · 288b
2007-03-19
legacy
capital · 88(2)R
2006-11-23
legacy
annual-return · 363a
2006-11-23
legacy
mortgage · 410(Scot)
2006-11-13
legacy
address · 287
2006-10-09
legacy
officers · 288b
2006-10-09
legacy
officers · 288a
2006-07-14