INDICA HOMES LTD
🏛️Establishedactive
11445548 · ltd · incorporated 2018-07-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 7.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 76/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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 · 2 lenders · oldest 7.4y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 7.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-05-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-09-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-09-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-09-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-09-11🔓Charge satisfied #3
- 2020-09-11🔓Charge satisfied #2
- 2020-09-11🔓Charge satisfied #1
- 2020-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-01-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-12-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-12-21🔒Charge registered #3Lender: A Shade Greener Finance Limited
- 2018-12-21🔒Charge registered #2Lender: A Shade Greener Finance Limited
- 2018-12-21🔒Charge registered #1Lender: The Most Noble Ralph George Algernon Twelfth Duke of Northumberland, the Honourable Mathew White Fifth Viscount Ridley and the Honourable James Granville Egerton Marquis of Stafford All as Trustees of the Will of the Ninth Duke of Northumberland Deceased
- 2018-11-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-11-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-11-05📄capital-allotment-sharescapital · SH01
- 2018-08-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2018-07-03🏢Company incorporatedAs INDICA HOMES LTD
- 2018-07-03➕CARR-ELLISON, Andrew Thomas appointeddirector
- 2018-07-03➕WILSON, Adam William appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Ashley Collingbourne Individual · British · DOB 01/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/10/2018 |
Mr Adam William Wilson Individual · British · DOB 06/1976 · age 50 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/07/2018 |
3 historic (ceased) PSCs
- Indica Properties Ltdceased 23/10/2018· 25-50% shares · 25-50% voting
- Indica Holdings Ltdceased 03/07/2018· 25-50% shares · 25-50% voting
- Mr Andrew Thomas Carr-Ellisonceased 03/07/2018· 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 →Similar companies
Active · Construction · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HOLIDAY HOLMES LIMITED→ 10400064 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| IAN LAW (BUILDERS) LIMITED→ 04861033 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| IGLO PROPERTIES LTD→ 10587682 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| INDICA HOLDINGS LTD→ 10593887 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| INDICA HOMES (GLANTON) LTD→ 13389368 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| INDICA PROPERTIES LTD→ 10119219 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| INNBRO LTD→ SC713871 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| J RICHARDSON GROUNDWORKS LTD→ 10670210 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| J S CRAWFORD PROPERTIES (BERWICK) LTD→ 09726119 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| J S HARDIE (ELECTRICAL CONTRACTORS) LIMITED→ SC386078 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| J. A. WILSON CONTRACTORS LTD→ SC410204 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| JACK BRUNSDON & SON LIMITED→ 00818979 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2018-07-03
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
17 Walkergate
Berwick Upon Tweed
Northumberland
TD15 1DJ
United Kingdom
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30
Officers (2 active · 0 resigned)
CARR-ELLISON, Andrew Thomas→
Activedirector · ~64y · appointed 2018-07-03
View their other companies + combined net worth →
WILSON, Adam William→
Activedirector · ~50y · appointed 2018-07-03
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | A Shade Greener Finance A Shade Greener Finance Limited | A registered charge | 1 property | 21/12/2018 | 11/09/2020 | |
| satisfied | A Shade Greener Finance A Shade Greener Finance Limited | A registered charge | 1 property | 21/12/2018 | 11/09/2020 | |
| satisfied | The Most Noble Ralph George Algernon Twelfth Duke of Northumberland, the Honourable Mathew White Fifth Viscount Ridley and the Honourable James Granville Egerton Marquis of Stafford All as Trustees of the Will of the Ninth Duke of Northumberland Deceased / (Grandchildren's Fund) | A registered charge | 1 property | 21/12/2018 | 11/09/2020 |
Recent filings (30 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-03
change-account-reference-date-company-previous-extended
accounts · AA01
2021-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2020-09-11
mortgage-satisfy-charge-full
mortgage · MR04
2020-09-11
mortgage-satisfy-charge-full
mortgage · MR04
2020-09-11