FORTH WINDOWS & DOORS LTD

🌳Matureactive

SC437247 · ltd · incorporated 2012-11-20

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

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

—

year to Dec 2024

Net worth

£2.59M

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Other building completion and finishing

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 11.8y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 11.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

39 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2,585,412

Cash YoY

-21%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£764k

↓ 21% YoY

Net Worth

£2.6m

↑ 12% YoY

Current Assets

£2.7m

↑ 17% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£2.61M	£2.33M
Current assets	£2.68M	£2.28M
Cash	£763.8k	£972.9k
Debtors	£1.65M	£963.3k
Net assets	£2.59M	£2.31M

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

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 resolution
• 1 capital

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-03-13
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-01
➕
HARDIE, Allison Mary appointed
director
2026-02-25
📄
resolution
resolution · RESOLUTIONS
2026-02-25
📄
capital-alter-shares-subdivision
capital · SH02
2025-09-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-15
🔓
Charge satisfied #2
2019-06-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-03-21
🔒
Charge registered #4
Lender: Royal Bank of Scotland PLC
2017-08-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-06-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-04-12
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2014-11-21
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2014-09-18
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2012-11-20
🏢
Company incorporated
As FORTH WINDOWS & DOORS LTD
2012-11-20
➕
HARDIE, Sean appointed
director

Owner dependency

71/100

High — earn-out structure required

Material 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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 14 years.
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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Sean Hardie Individual · Scottish · DOB 08/1974 · age 52	75–100%	—	75-100% shares	06/04/2016

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

Similar companies

Active · Construction · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
T. & N. GILMARTIN (CONTRACTORS) LIMITED→ SC105726 · est 1987	£3.97M £2.83M–£5.10M	—	—	85	38y	88	59y
CARTMORE BUILDING SUPPLY COMPANY LIMITED→ SC100217 · est 1986	£120.6k £86.1k–£155.0k	£16.41M	—	2800	39y	88	78y
BLAIRHILL LAND LIMITED→ SC160813 · est 1995	£56.6k £40.4k–£72.8k	—	—	200	30y	82	64y
MORGAN GROUP PROPERTY IMPROVEMENTS LIMITED→ SC734098 · est 2022	£36.6k £26.2k–£47.1k	£77.1k	—	100	4y	83	46y
AMBER ROOFING LIMITED→ SC130516 · est 1991	—	—	£709.2k	—	35y	83	59y
CAMPBELL & GAY (BUILDERS) LIMITED→ SC215346 · est 2001	—	—	—	400	25y	83	62y
CLOVECREST LIMITED→ SC270216 · est 2004	—	—	—	0	21y	83	64y
DOE SPORT (NORTH) LIMITED→ SC164621 · est 1996	—	—	—	2300	30y	83	68y
FREDERICK WILSON (PROPERTIES) LIMITED→ SC217110 · est 2001	—	—	—	200	25y	83	62y
HY SPEC SERVICES LIMITED→ SC147444 · est 1993 · no financials extracted	—	—	—	—	32y	83	69y
J R F CHIMNEY SPECIALISTS & HEATING DISTRIBUTORS LIMITED→ SC109701 · est 1988	—	—	—	16	38y	83	86y
JAGDIS PROPERTIES LIMITED→ SC361658 · est 2009	—	—	—	200	16y	83	63y

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

Incorporated2012-11-20

Jurisdictionscotland

Primary SIC43390 — Other building completion and finishing

Registered office

Unit T Telford Road

Eastfield Industrial Estate

Glenrothes

KY7 4NX

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-04

Last: 2025-11-20

Officers (2 active · 0 resigned)

HARDIE, Allison Mary→

director · ~54y · appointed 2026-03-01

View their other companies + combined net worth →

Active

HARDIE, Sean→

director · ~52y · appointed 2012-11-20

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	A registered charge	1 property	21/03/2018	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	12/04/2017	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	21/11/2014	15/02/2020
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	18/09/2014	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

change-person-director-company-with-change-date

officers · CH01

2026-03-13

appoint-person-director-company-with-name-date

officers · AP01

2026-03-13

resolution

resolution · RESOLUTIONS

2026-02-25

capital-alter-shares-subdivision

capital · SH02

2026-02-25