FORGAN TECHNICAL LTD

🌿Early-stageactive
SC745266 · ltd · incorporated 2022-09-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 8 → 12
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Filings: 812
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2026
Net worth
£437
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 70/100. 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 (73/100).

Data confidence

Overall: high (86/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
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
2 connected companies via shared directors
51
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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 £437
Net assets shrinking
Down £24,289 YoY

Key financials

3 years extracted from filed iXBRL accounts
Cash
Net Worth
£437
↓ 98% YoY
Current Assets
£25k
↓ 55% YoY
Current Liabilities
£0£11k£22k£33k£44k£56kSept 2024Sept 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-09-302024-09-30
Total assets£437£24.7k£3.0k
Current assets£25.1k£55.6k£29.0k
Net assets£437£24.7k£3.0k

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
4
filings
  • 2 accounts
  • 1 gazette
  • 1 dissolution
Last 180 days
4
filings
  • 2 accounts
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-06-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-05-22
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2026-05-18
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2026-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2025-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-02-16
    📄
    capital-allotment-shares
    capital · SH01
  9. 2022-09-23
    🏢
    Company incorporated
    As FORGAN TECHNICAL LTD
  10. 2022-09-23
    FORGAN, David Ross appointed
    director
  11. 2022-09-23
    FORGAN, Yvonne Marcia appointed
    director
  12. 2022-09-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

89/100
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 name in company name: Company name contains director surname "FORGAN" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Ross Forgan
Individual · British · DOB 04/1966 · age 60
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/09/2022
Mrs Yvonne Marcia Forgan
Individual · British · DOB 03/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control23/09/2022

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 →
🔒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
Incorporated2022-09-23
Jurisdictionscotland
Primary SIC71129 — Other engineering activities

Registered office

28 High Street
Nairn
IV12 4AU
Scotland

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2026-10-06
Last: 2025-09-22

Officers (2 active · 0 resigned)

FORGAN, David Ross
director · ~60y · appointed 2022-09-23
View their other companies + combined net worth →
Active
FORGAN, Yvonne Marcia
director · ~58y · appointed 2022-09-23
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-06-02
dissolution-application-strike-off-company
dissolution · DS01
2026-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-18
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-05-18
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-22
capital-allotment-shares
capital · SH01
2023-02-16
incorporation-company
incorporation · NEWINC
2022-09-23