FORSTER INDUSTRIAL SOLUTIONS LIMITED
💤Zombieactive
SC365116 · ltd · incorporated 2009-09-04
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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with exceptional profile and acceptable with review structure.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 14.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
56 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 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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-10-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-24🔓Charge satisfied #2
- 2020-01-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-01-08🔒Charge registered #3Lender: Handelsbanken PLC
- 2019-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-17🔒Charge registered #2Lender: Bank of Scotland PLC
- 2018-08-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-27🔓Charge satisfied #1
- 2016-12-01➕ADAMS, Kirsteen Ann appointedsecretary
- 2016-11-30➖MCILRAVEY, Ian resignedsecretary
- 2016-11-30➖MCILRAVEY, Ian resigneddirector
- 2015-01-26➖WITHERS, Grant resigneddirector
- 2012-03-12🔒Charge registered #1Lender: Bibby Factors Scotland Limited
- 2009-09-17➕FORSTER, John Arthur George appointeddirector
- 2009-09-17➕WITHERS, Grant appointeddirector
- 2009-09-04🏢Company incorporatedAs FORSTER INDUSTRIAL SOLUTIONS LIMITED
- 2009-09-04➕MCILRAVEY, Ian appointedsecretary
- 2009-09-04➕MCILRAVEY, Ian appointeddirector
Owner dependency
100/100
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.
- +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 17 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
78/100
Likely off-market candidateStrong 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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 17 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.)
Group structure
Forster Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Forster Group Limited
Corporate parent · holds 75-100% shares
⬇
FORSTER INDUSTRIAL SOLUTIONS LIMITED
This company · SC365116
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Forster Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/10/2025 |
2 historic (ceased) PSCs
- Mr John Arthur George Forsterceased 01/10/2025· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
- Forster Groupceased 08/09/2025· 75-100% shares
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
Active · Construction · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FARINGTON JOINERY LTD→ SC879677 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FIFE AIRSOURCE LTD→ SC747492 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FIRST CLASS DECORATING SERVICES LIMITED→ SC595295 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| FIXED IT LTD→ SC668056 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FRASER CIVIL ENGINEERING LTD→ SC725776 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| FUTURE PROJECS LTD→ SC855084 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| G MCGURK JOINERY LTD.→ SC293633 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GABOD VENTURES LTD→ SC834813 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GAMBADA LIMITED→ SC792897 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GARTY ELECTRICAL SERVICES LIMITED→ SC846494 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GAS BOILER SERVICING TAYSIDE LIMITED→ SC636832 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| GB ROOFING & ROUGHCASTING LTD→ SC528299 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2009-09-04
Jurisdictionscotland
Primary SIC43910 — Roofing activities
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: 2026-09-15
Last: 2025-09-01
Officers (2 active · 3 resigned)
ADAMS, Kirsteen Ann→
Activesecretary · appointed 2016-12-01
View their other companies + combined net worth →
FORSTER, John Arthur George→
Activedirector · ~59y · appointed 2009-09-17
View their other companies + combined net worth →
MCILRAVEY, Ian→
Resignedsecretary · appointed 2009-09-04 · resigned 2016-11-30
MCILRAVEY, Ian→
Resigneddirector · ~65y · appointed 2009-09-04 · resigned 2016-11-30
WITHERS, Grant→
Resigneddirector · ~57y · appointed 2009-09-17 · resigned 2015-01-26
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 08/01/2020 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 17/06/2019 | 24/03/2020 | |
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | Floating charge | 1 property | 12/03/2012 | 27/03/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (56 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01