FORSTER GROUP LIMITED

🌳Matureactive
SC294457 · ltd · incorporated 2005-12-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of construction holding companies
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 6.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 6.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
59 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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees200200

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

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
4
filings
  • • 3 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-11-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2025-11-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2020-01-09
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2020-01-08
    🔒
    Charge registered #1
    Lender: Handelsbanken PLC
  15. 2019-12-23
    📄
    capital-allotment-shares
    capital · SH01
  16. 2019-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2016-12-01
    ➕
    ADAMS, Kirsteen Ann appointed
    secretary
  19. 2016-11-30
    ➖
    MCILRAVEY, Ian resigned
    secretary
  20. 2006-05-16
    ➖
    FERGUSON, Eileen Margaret May resigned
    secretary
  21. 2006-05-16
    ➕
    MCILRAVEY, Ian appointed
    secretary
  22. 2005-12-14
    🏢
    Company incorporated
    As FORSTER GROUP LIMITED
  23. 2005-12-14
    ➕
    FORSTER, John Arthur George appointed
    director
  24. 2005-12-14
    ➕
    FORSTER, Judy Catherine appointed
    director
  25. 2005-12-14
    ➕
    FERGUSON, Eileen Margaret May appointed
    secretary

Owner dependency

99/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "FORSTER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

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

🏛️
Fw Estates Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FORSTER GROUP LIMITED
This company · SC294457

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Fw Estates Limited
Corporate entity
75–100%
—75-100% shares01/11/2025
Mrs Judy Catherine Forster
Individual · British · DOB 03/1968 · age 58
—25–50%board control25-50% voting · board control06/04/2016
Mr John Arthur George Forster
Individual · Scottish · DOB 02/1967 · age 59
—25–50%board control25-50% 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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—£143.5k—32y8258y
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£1
£1–£1
—£1—20y8163y
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————52y8371y
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————25y8264y
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———10015y8262y
J.R. POWER MOTION LIMITED→
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———221y8278y
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———258y8293y
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————25y8164y
BRJ NOMINEES LIMITED→
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————38y8164y
DKT ENGINEERING LIMITED→
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————21y8173y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2005-12-14
Jurisdictionscotland
Primary SIC64203 — Activities of construction holding companies

Registered office

22 Commerce Street
Brechin
Angus
DD9 7BD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14

Officers (3 active · 2 resigned)

ADAMS, Kirsteen Ann→
secretary · appointed 2016-12-01
View their other companies + combined net worth →
Active
FORSTER, John Arthur George→
director · ~59y · appointed 2005-12-14
View their other companies + combined net worth →
Active
FORSTER, Judy Catherine→
director · ~58y · appointed 2005-12-14
View their other companies + combined net worth →
Active
FERGUSON, Eileen Margaret May→
secretary · appointed 2005-12-14 · resigned 2006-05-16
Resigned
MCILRAVEY, Ian→
secretary · appointed 2006-05-16 · resigned 2016-11-30
Resigned

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
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property08/01/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20