INDEPENDENT CONNECTIONS LIMITED

💤Zombieactive
07009858 · ltd · incorporated 2009-09-04
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 Sept 2025
Net worth
£107.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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: strategic trade sale (65/100).

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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
0 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
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 declared
Positive net assets
Net assets £107,912
Cash YoY
+970%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£210k
↑ 970% YoY
Net Worth
£108k
↑ 16% YoY
Current Assets
£391k
↑ 61% YoY
Current Liabilities
£0£78k£156k£235k£313k£391kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£142.1k£133.1k
Current assets£390.9k£242.7k
Cash£210.3k£19.7k
Debtors£180.6k£223.1k
Net assets£107.9k£92.9k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-05-01
    ANDREW, Wayne Thomas resigned
    director
  7. 2024-03-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-03-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-02-29
    TAYLOR, Ian Paul resigned
    director
  10. 2024-01-15
    ANDREW, Wayne Thomas appointed
    director
  11. 2023-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-10-05
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  13. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2021-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2021-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2020-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2017-12-01
    KHAN, Vahed appointed
    director
  23. 2009-12-01
    SHARPLES, John resigned
    director
  24. 2009-09-04
    🏢
    Company incorporated
    As INDEPENDENT CONNECTIONS LIMITED
  25. 2009-09-04
    SHARPLES, John appointed
    director
  26. 2009-09-04
    TAYLOR, Ian Paul appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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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
Incorporated2009-09-04
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Caroline House
125 Bradshawgate
Bolton
BL2 1BJ
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (1 active · 3 resigned)

KHAN, Vahed
director · ~36y · appointed 2017-12-01
View their other companies + combined net worth →
Active
ANDREW, Wayne Thomas
director · ~51y · appointed 2024-01-15 · resigned 2024-05-01
Resigned
SHARPLES, John
director · ~56y · appointed 2009-09-04 · resigned 2009-12-01
Resigned
TAYLOR, Ian Paul
director · ~69y · appointed 2009-09-04 · resigned 2024-02-29
Resigned

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

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
termination-director-company-with-name-termination-date
officers · TM01
2024-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
appoint-person-director-company-with-name-date
officers · AP01
2024-03-07
termination-director-company-with-name-termination-date
officers · TM01
2024-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-10-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-05