FORSYTH PROPERTY HOLDINGS LIMITED

💤Zombieactive
SC719595 · ltd · incorporated 2022-01-12
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£-27.6k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 65/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

4 live charges · oldest 3.1y

35/100
under pressure

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

  • · Charge age ~3.1 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £27,573

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£28k
↓ 62% YoY
Current Assets
£1k
↓ 97% YoY
Current Liabilities
—
-£28k-£12k£3k£19k£34k£49kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£200.8k£98.9k
Current assets£1.4k£49.4k
Net assets£-27.6k£-17.0k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-10-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-10-17
    🔒
    Charge registered #4
    Lender: The Mortgage Works (UK) PLC
  3. 2025-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-01-09
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  6. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-10-18
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  8. 2024-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-08-07
    📄
    memorandum-articles
    incorporation · MA
  11. 2023-08-07
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-04-25
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  14. 2023-02-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2023-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-01-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-03-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2022-03-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2022-03-29
    📄
    capital-allotment-shares
    capital · SH01
  20. 2022-01-12
    🏢
    Company incorporated
    As FORSYTH PROPERTY HOLDINGS LIMITED
  21. 2022-01-12
    ➕
    FORSYTH, Craig appointed
    director
  22. 2022-01-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "FORSYTH" — strong identity link between founder and business.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Craig Forsyth
Individual · British · DOB 03/1976 · age 50
75–100%
75–100%board control75-100% shares · 75-100% voting · board control12/01/2022
1 historic (ceased) PSC
  • Mrs Lisa Forsythceased 01/01/2023· 25-50% shares · 25-50% voting

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

10 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
Incorporated2022-01-12
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

76 Hamilton Road
Motherwell
ML1 3BY
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08

Officers (1 active · 0 resigned)

FORSYTH, Craig→
director · ~50y · appointed 2022-01-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property17/10/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property09/01/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property18/10/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/04/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
memorandum-articles
incorporation · MA
2023-08-07
resolution
resolution · RESOLUTIONS
2023-08-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-31