FORWARD ASSET FINANCE LIMITED
🌳Matureactive
SC337979 · ltd · incorporated 2008-02-18
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 10.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
PursueActive trading company with a 64-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
1 live charge · oldest 10.5y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 10.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
83/100Exceptional
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
85
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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 500 | 400 |
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 confirmation-statement
Last 180 days
3
filings
- • 2 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-17📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-10📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-11📄change-person-director-company-with-change-dateofficers · CH01
- 2019-01-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-10-23🔒Charge registered #1Lender: Forward Sales Ecosse Limited
- 2011-05-26➖MCKAY, Stuart resigneddirector
- 2008-02-18🏢Company incorporatedAs FORWARD ASSET FINANCE LIMITED
- 2008-02-18➕SARANNA, Lashman appointedsecretary
- 2008-02-18➕HOWAT, David appointeddirector
- 2008-02-18➕SARANNA, Lashman appointeddirector
- 2008-02-18➕MCKAY, Stuart appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
79/100
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 64. 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 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Howat Individual · British · DOB 05/1966 · age 60 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mr Lashman Saranna Individual · British · DOB 09/1962 · age 64 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| HAIG CONSORTIUM LTD→ SC663066 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| HALO ASSIST LIMITED→ SC442224 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| HAUGHEY EVANS MORTGAGES LIMITED→ SC876874 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| HLN CONSULTANCY LIMITED→ SC446607 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| I C LOANS LIMITED→ SC254258 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
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| J C ROXBURGH (INSURANCE BROKERS) LTD→ SC417217 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| J. MCGHEE (FINANCIAL CONSULTANT) LTD.→ SC299913 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| J&D FINANCIAL ADVICE SERVICE LIMITED→ SC621721 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| J3 DEBT SOLUTIONS LTD→ SC612868 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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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
Incorporated2008-02-18
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
100 Carnegie Road
Hillington Park
Glasgow
G52 4JZ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11
Officers (3 active · 1 resigned)
Active
HOWAT, David→
Activedirector · ~60y · appointed 2008-02-18
View their other companies + combined net worth →
SARANNA, Lashman→
Activedirector · ~64y · appointed 2008-02-18
View their other companies + combined net worth →
MCKAY, Stuart→
Resigneddirector · ~66y · appointed 2008-02-18 · resigned 2011-05-26
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 | Forward Sales Ecosse Forward Sales Ecosse Limited | A registered charge | — | 23/10/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (62 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-17
change-person-director-company-with-change-date
officers · CH01
2021-12-17