FORGE CONSTRUCTION (MULL) LIMITED
📉Decliningactive
SC633403 · ltd · incorporated 2019-06-14
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£222.8k
year to Jun 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: conservative operator 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. Most likely exit: strategic trade sale (70/100).
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
2 officers (2 active, 2 linked, 2 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
16 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
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 declaredProfitable
Profit before tax £50,513
Revenue decline
Turnover down 46% YoY
Turnover YoY
-46%
Year on year
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 · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Turnover | £222.8k | £413.6k |
| Gross profit | £97.8k | £116.7k |
| Profit before tax | £50.5k | £39.1k |
| Average employees | 200 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
- 2026-01-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-27📄change-person-director-company-with-change-dateofficers · CH01
- 2019-06-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-06-14🏢Company incorporatedAs FORGE CONSTRUCTION (MULL) LIMITED
- 2019-06-14➕MACLEAN, Eoghann appointeddirector
- 2019-06-14➕MARTINEZ, Rebecca Rose appointeddirector
- 2019-06-14📄incorporation-companyincorporation · NEWINC
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Eoghann Maclean Individual · British · DOB 10/1981 · age 45 | 25–50% | — | 25-50% shares | 14/06/2019 |
Miss Rebecca Rose Martinez Individual · British · DOB 12/1980 · age 46 | 25–50% | — | 25-50% shares | 14/06/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FRANCISCUS LANKAMP LTD→ SC866417 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FRASER HEATING & PLUMBING ARDRISHAIG LTD→ SC747266 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FSPS (SCOTLAND) LTD→ SC622201 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FULWOOD BUILDING SERVICES LIMITED→ SC136713 · est 1992 · no financials extracted | — | — | — | — | 34y | — | — |
| FUTURE CONTRACTORS LTD→ SC747559 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| G LAIRD (HEATING & PLUMBING) LTD.→ SC254078 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| G12 LIMITED→ SC118163 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| G2 PROPERTY RENOVATIONS LTD→ SC641511 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| GAS WORK, PLUMBING & HEATING SOLUTION LIMITED→ SC378339 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GAV MCCUE CONSTRUCTION LTD→ SC842823 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GB.ACCESS.SOLUTIONS LTD→ SC877707 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| GCS CONTRACTS LTD→ SC545531 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2019-06-14
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Rose Bank Beadoun
Tobermory
Isle Of Mull
Argyll
PA75 6QA
Scotland
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-16
Last: 2025-06-02
Officers (2 active · 0 resigned)
MACLEAN, Eoghann→
Activedirector · ~45y · appointed 2019-06-14
View their other companies + combined net worth →
MARTINEZ, Rebecca Rose→
Activedirector · ~46y · appointed 2019-06-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (16 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-03
change-person-director-company-with-change-date
officers · CH01
2019-06-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-06-27