FORTH HOLDINGS LIMITED
🏛️Establishedactive
SC616186 · ltd · incorporated 2018-12-13
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 7.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 85/100. 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 (65/100).
🏦
Refinance opportunity
1 live charge · oldest 7.2y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (5 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
27 connected companies via shared directors
90
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 address
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-12-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-04📄memorandum-articlesincorporation · MA
- 2025-06-04📄resolutionresolution · RESOLUTIONS
- 2025-01-16📄accounts-with-accounts-type-groupaccounts · AA
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-29➖CROSS, Jason Alexander resigneddirector
- 2024-11-29➖FLETCHER, Dylan resigneddirector
- 2024-11-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-07🔓Charge satisfied #1
- 2024-09-05📄resolutionresolution · RESOLUTIONS
- 2024-03-05📄capital-cancellation-sharescapital · SH06
- 2024-03-05📄capital-return-purchase-own-sharescapital · SH03
- 2024-02-29📄memorandum-articlesincorporation · MA
- 2024-02-29📄resolutionresolution · RESOLUTIONS
- 2023-12-22📄accounts-with-accounts-type-groupaccounts · AA
- 2023-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-07📄resolutionresolution · RESOLUTIONS
- 2023-06-07📄memorandum-articlesincorporation · MA
- 2023-03-10📄resolutionresolution · RESOLUTIONS
- 2022-08-31➖FLETCHER, Kevin Paterson resigneddirector
- 2019-09-16➕CROSS, Jason Alexander appointeddirector
- 2019-02-28🔒Charge registered #1Lender: Barclays Bank PLC
- 2018-12-14➕THOMSON, Craig appointedsecretary
- 2018-12-14➕FLETCHER, Duncan Kirk appointeddirector
- 2018-12-14➕LOWE, Paul appointeddirector
- 2018-12-14➕RICHARDS, John Steel appointeddirector
- 2018-12-14➕FLETCHER, Dylan appointeddirector
- 2018-12-14➕FLETCHER, Kevin Paterson appointeddirector
- 2018-12-13🏢Company incorporatedAs FORTH HOLDINGS LIMITED
- 2018-12-13➕FLETCHER, Duncan Struthers appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Duncan Kirk Fletcher Individual · British · DOB 07/1967 · age 59 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 14/12/2018 |
3 historic (ceased) PSCs
- Mr Kevin Paterson Fletcherceased 02/02/2023· 25-50% shares · 25-50% voting
- Mr Kevin Paterson Fletcherceased 31/08/2022· 25-50% shares · 25-50% voting
- Mr Duncan Struthers Fletcherceased 12/11/2020· 75-100% shares · 75-100% voting · board control
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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|---|---|---|---|---|---|---|---|
| EDINMAC LIMITED→ SC867838 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FORTH ELECTRICAL SERVICES LIMITED→ SC207777 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| LAWLOR HOLDINGS SCOTLAND LTD→ SC819818 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MCMILLAN PROPERTY DEVELOPMENTS LTD→ SC723123 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| NORCAM INTERNATIONAL LTD→ SC735350 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| NYX CAPITAL LTD→ SC868607 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ORCHARD VENTURE CAPITAL LIMITED→ SC440822 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| P.C (INTERNATIONAL) HOLDING LTD→ SC812323 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| PHILIP INDUSTRIAL REPAIR CENTRE LIMITED→ SC533852 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY→ SZ000012 · est 1983 · no financials extracted | — | — | — | — | 43y | — | — |
| SCS EOT LIMITED→ SC745563 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| SDIL LIMITED→ SC653129 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2018-12-13
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Scotia House
The Castle Business Park
Stirling
FK9 4TZ
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18
Officers (5 active · 3 resigned)
Active
FLETCHER, Duncan Kirk→
Activedirector · ~59y · appointed 2018-12-14
View their other companies + combined net worth →
FLETCHER, Duncan Struthers→
Activedirector · ~84y · appointed 2018-12-13
View their other companies + combined net worth →
Active
RICHARDS, John Steel→
Activedirector · ~69y · appointed 2018-12-14
View their other companies + combined net worth →
CROSS, Jason Alexander→
Resigneddirector · ~54y · appointed 2019-09-16 · resigned 2024-11-29
FLETCHER, Dylan→
Resigneddirector · ~55y · appointed 2018-12-14 · resigned 2024-11-29
FLETCHER, Kevin Paterson→
Resigneddirector · ~57y · appointed 2018-12-14 · resigned 2022-08-31
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 28/02/2019 | 07/11/2024 |
Recent filings (64 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-18
change-person-director-company-with-change-date
officers · CH01
2025-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-17
memorandum-articles
incorporation · MA
2025-06-04
resolution
resolution · RESOLUTIONS
2025-06-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-group
accounts · AA
2025-01-16
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-07
resolution
resolution · RESOLUTIONS
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
capital-cancellation-shares
capital · SH06
2024-03-05
capital-return-purchase-own-shares
capital · SH03
2024-03-05