FORTH COFFEE ROASTERS LIMITED

💤Zombieactive
SC560557 · ltd · incorporated 2017-03-15
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£14.2k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 10832
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £14,185

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£14k
↑ 162% YoY
Current Assets
£73k
↓ 3.3% YoY
Current Liabilities
-£23k-£3k£16k£36k£55k£75kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£68.5k£72.4k
Current assets£72.5k£75.0k
Net assets£14.2k£-22.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-06-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-05-31
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2025-04-04
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-09-25
    📄
    capital-cancellation-shares
    capital · SH06
  8. 2024-09-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-12-09
    MILLER, David resigned
    director
  17. 2018-04-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-03-15
    🏢
    Company incorporated
    As FORTH COFFEE ROASTERS LIMITED
  19. 2017-03-15
    MIRZA, Zishan Ilyas appointed
    director
  20. 2017-03-15
    MILLER, David appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
Mr Andrew Neil Watson
Individual · British · DOB 04/1983 · age 43
2550%
25-50% shares31/03/2017
Mr Zishan Ilyas Mirza
Individual · British · DOB 12/1977 · age 49
2550%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest15/03/2017
1 historic (ceased) PSC
  • Mr David Millerceased 20/08/2024· 25-50% shares · 25-50% voting · board control · significant influence · firm interest

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 →

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2017-03-15
Jurisdictionscotland
Primary SIC10832 — SIC 10832

Registered office

38 East Main Street
Uphall
West Lothian
EH52 5HY

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (1 active · 1 resigned)

MIRZA, Zishan Ilyas
director · ~49y · appointed 2017-03-15
View their other companies + combined net worth →
Active
MILLER, David
director · ~44y · appointed 2017-03-15 · resigned 2018-12-09
Resigned

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

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-08
gazette-notice-compulsory
gazette · GAZ1
2025-06-03
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-05-31
capital-return-purchase-own-shares
capital · SH03
2025-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
capital-cancellation-shares
capital · SH06
2024-09-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-04