FORGE MINERALS LIMITED

🌱Startupactive
SC813531 · ltd · incorporated 2024-06-13
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.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
£64.8k
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
82
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 £64,817

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£65k
Current Assets
£81k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-30
Total assets£76.2k
Current assets£80.6k
Net assets£64.8k

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
12
filings
  • 5 persons-with-significant-control
  • 2 officers
  • 2 capital
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-01-21
    📄
    capital-allotment-shares
    capital · SH01
  6. 2026-01-19
    DIMITRIADIS, Eva-Maria appointed
    director
  7. 2026-01-12
    📄
    memorandum-articles
    incorporation · MA
  8. 2026-01-12
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2026-01-09
    📄
    capital-allotment-shares
    capital · SH01
  10. 2025-12-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2025-12-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2025-12-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2025-12-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2025-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2025-05-28
    📄
    capital-allotment-shares
    capital · SH01
  16. 2025-05-28
    📄
    capital-allotment-shares
    capital · SH01
  17. 2025-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2025-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2024-06-13
    🏢
    Company incorporated
    As FORGE MINERALS LIMITED
  20. 2024-06-13
    SPENCER, Ian Edward appointed
    director
  21. 2024-06-13
    VAUGHAN, Matthew James Hatfield appointed
    director
  22. 2024-06-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Edward Spencer
Individual · British · DOB 02/1977 · age 49
sig. influencesignificant influence13/06/2024
Mr Sylvain Petitgirard
Individual · French · DOB 04/1981 · age 45
sig. influencesignificant influence13/06/2024
Mr Matthew James Hatfield Vaughan
Individual · Canadian · DOB 05/1988 · age 38
sig. influencesignificant influence13/06/2024

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
Incorporated2024-06-13
Jurisdictionscotland
Primary SIC71121 — Engineering design activities for industrial process and production

Registered office

Edinburgh Innovation Hub
Queen Margaret University Drive
Musselburgh
EH21 6UD
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12

Officers (3 active · 0 resigned)

DIMITRIADIS, Eva-Maria
director · ~41y · appointed 2026-01-19
View their other companies + combined net worth →
Active
SPENCER, Ian Edward
director · ~49y · appointed 2024-06-13
View their other companies + combined net worth →
Active
VAUGHAN, Matthew James Hatfield
director · ~38y · appointed 2024-06-13
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-21
capital-allotment-shares
capital · SH01
2026-01-21
memorandum-articles
incorporation · MA
2026-01-12
resolution
resolution · RESOLUTIONS
2026-01-12
capital-allotment-shares
capital · SH01
2026-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-14
change-person-director-company-with-change-date
officers · CH01
2025-12-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-18
capital-allotment-shares
capital · SH01
2025-05-28