FORGAN PROPERTY COMPANY LIMITED

🏛️Establishedactive
SC690485 · ltd · incorporated 2021-02-25
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£48.8k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 65/100. Strong seller-intent signal (60/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -54% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 4.5y

20/100
under pressure

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

  • · Charge age ~4.5 years — mid-life; refi window approaching.
  • · 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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 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
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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 £48,824
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↓ 54% YoY
Net Worth
£49k
↑ 55% YoY
Current Assets
£21k
↓ 54% YoY
Current Liabilities
—
£0£10k£20k£29k£39k£49kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£426.3k£408.8k
Current assets£21.3k£46.4k
Cash£20.7k£45.4k
Debtors£557£1.0k
Net assets£48.8k£31.5k

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
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 mortgage
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-03
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  3. 2025-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-10-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-08-02
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  13. 2021-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-11-24
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  18. 2021-11-17
    🔒
    Charge registered #4
    Lender: Mortgage Works (UK) PLC
  19. 2021-11-17
    🔒
    Charge registered #3
    Lender: Mortgage Works (UK) PLC
  20. 2021-11-17
    🔒
    Charge registered #2
    Lender: Mortgage Works (UK) PLC
  21. 2021-11-17
    🔒
    Charge registered #1
    Lender: Mortgage Works (UK) PLC
  22. 2021-05-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  23. 2021-05-04
    📄
    legacy
    miscellaneous · RPCH01
  24. 2021-04-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2021-02-25
    🏢
    Company incorporated
    As FORGAN PROPERTY COMPANY LIMITED
  26. 2021-02-25
    ➕
    BEATON, Alan William appointed
    director
  27. 2021-02-25
    ➕
    BEATON, Moira Garvie appointed
    director
  28. 2021-02-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Moira Garvie Beaton
Individual · British · DOB 06/1951 · age 75
25–50%
25–50%board control25-50% shares · 25-50% voting · board control28/04/2021
Mr Alan William Beaton
Individual · British · DOB 06/1949 · age 77
25–50%
25–50%board control25-50% shares · 25-50% voting · board control25/02/2021
2 historic (ceased) PSCs
  • Ms Fiona Elizabeth Beatonceased 31/10/2025· 25-50% shares
  • Mrs Moira Garvie Beatonceased 27/04/2021· 25-50% shares · 25-50% voting · board control

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

8 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
Incorporated2021-02-25
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Riverview Business Centre, 40
North Ellen Street
Dundee
DD3 7DH
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-10
Last: 2026-02-24

Officers (2 active · 0 resigned)

BEATON, Alan William→
director · ~77y · appointed 2021-02-25
View their other companies + combined net worth →
Active
BEATON, Moira Garvie→
director · ~75y · appointed 2021-02-25
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
6
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property03/03/2026—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property02/08/2022—
outstanding
Mortgage Works (UK)
Mortgage Works (UK) PLC
A registered charge1 property17/11/2021—
outstanding
Mortgage Works (UK)
Mortgage Works (UK) PLC
A registered charge1 property17/11/2021—
outstanding
Mortgage Works (UK)
Mortgage Works (UK) PLC
A registered charge1 property17/11/2021—
outstanding
Mortgage Works (UK)
Mortgage Works (UK) PLC
A registered charge1 property17/11/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31