FS WARD LIMITED

🌳Matureactive
SC312512 · ltd · incorporated 2006-11-24
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
82
Few red flags.
Signal strength
90
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£0Nov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-11-302024-11-30
Average employees2200

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
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 2 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-05-08
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  4. 2024-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2006-11-24
    🏢
    Company incorporated
    As FS WARD LIMITED
  16. 2006-11-24
    ➕
    WARD, Stephanie Joanne appointed
    secretary
  17. 2006-11-24
    ➕
    WARD, Francis appointed
    director
  18. 2006-11-24
    ➕
    WARD, Stephanie Joanne appointed
    director
  19. 2006-11-24
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  20. 2006-11-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  21. 2006-11-24
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  22. 2006-11-24
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

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
  • +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 "WARD" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
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 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Stephanie Joanne Ward
Individual · British · DOB 06/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Francis Ward
Individual · British · DOB 06/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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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
Incorporated2006-11-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4 Gordon Street
Broughty Ferry
Dundee
DD5 2RA
Scotland

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06

Officers (3 active · 2 resigned)

WARD, Stephanie Joanne→
secretary · appointed 2006-11-24
View their other companies + combined net worth →
Active
WARD, Francis→
director · ~66y · appointed 2006-11-24
View their other companies + combined net worth →
Active
WARD, Stephanie Joanne→
director · ~66y · appointed 2006-11-24
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-11-24 · resigned 2006-11-24
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-11-24 · resigned 2006-11-24
Resigned

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

Recent filings (55 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-19
change-sail-address-company-with-old-address-new-address
address · AD02
2025-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-07