INDICA PROPERTIES LTD
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 9.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Average employees | 1 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (23 events)Click to expand
- 2026-04-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-12-21🔒Charge registered #3Lender: A Shade Greener Finance Limited
- 2018-11-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-14🔓Charge satisfied #2
- 2018-11-14🔓Charge satisfied #1
- 2018-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2018-08-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2018-07-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-30🔒Charge registered #2Lender: Judith April Potts
- 2016-11-30🔒Charge registered #1Lender: Sprint Loans Limited
- 2016-04-12🏢Company incorporatedAs INDICA PROPERTIES LTD
- 2016-04-12➕GWA COSEC LTD appointedcorporate-secretary
- 2016-04-12➕CARR-ELLISON, Andrew Thomas appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Thomas Carr-Ellison Individual · British · DOB 06/1962 · age 64 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | A Shade Greener Finance A Shade Greener Finance Limited | A registered charge | 1 property | 21/12/2018 | — | |
| satisfied | Judith April Potts | A registered charge | 1 property | 30/11/2016 | 14/11/2018 | |
| satisfied | Sprint Loans Sprint Loans Limited | A registered charge | 1 property | 30/11/2016 | 14/11/2018 |