FIRTH MANAGEMENT LTD

🌳Matureactive
SC498987 · ltd · incorporated 2015-02-26
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.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
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 Feb 2025
Net worth
£389.3k
book net assets
Opportunity
78/100
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
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 78/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (4 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 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
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £389,251

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£389k
↑ 24% YoY
Current Assets
£334k
↓ 4.6% YoY
Current Liabilities
—
£0£78k£156k£234k£311k£389kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£389.3k£314.7k
Current assets£333.9k£349.9k
Net assets£389.3k£314.7k

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
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-03-30
    ➕
    MUNRO, Gaelle appointed
    director
  3. 2026-03-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-27
    ➖
    MUNRO, Gaelle resigned
    director
  5. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-11-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-12-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-11-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-10-01
    ➕
    MUNRO, Elenor Iona appointed
    director
  11. 2021-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-03-16
    📄
    capital-allotment-shares
    capital · SH01
  13. 2020-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-07-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-06-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2018-04-30
    ➕
    MUNRO, Gaelle appointed
    director
  19. 2018-03-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2015-02-26
    🏢
    Company incorporated
    As FIRTH MANAGEMENT LTD
  21. 2015-02-26
    ➕
    MUNRO, Christelle appointed
    director
  22. 2015-02-26
    ➕
    MUNRO, Derek David appointed
    director

Owner dependency

56/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Christelle Munro
Individual · French · DOB 01/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Derek Munro
Individual · British · DOB 03/1964 · age 62
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

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
Incorporated2015-02-26
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-04-04
Last: 2026-03-21

Officers (4 active · 1 resigned)

MUNRO, Christelle→
director · ~59y · appointed 2015-02-26
View their other companies + combined net worth →
Active
MUNRO, Derek David→
director · ~62y · appointed 2015-02-26
View their other companies + combined net worth →
Active
MUNRO, Elenor Iona→
director · ~23y · appointed 2022-10-01
View their other companies + combined net worth →
Active
MUNRO, Gaelle→
director · ~27y · appointed 2026-03-30
View their other companies + combined net worth →
Active
MUNRO, Gaelle→
director · ~27y · appointed 2018-04-30 · resigned 2026-03-27
Resigned

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

Recent filings (31 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
termination-director-company-with-name-termination-date
officers · TM01
2026-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-21
appoint-person-director-company-with-name-date
officers · AP01
2022-12-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-24
capital-allotment-shares
capital · SH01
2021-03-16