INDICA HOMES (EGLINGHAM) LTD
💤Zombieactive
13252104 · ltd · incorporated 2021-03-08
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 May 2024
Net worth
—
book net assets
Opportunity
78/100
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 78/100 (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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 4.9y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (63/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 |
|---|---|
| Average employees | 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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
- 2025-01-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-20📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-11📄capital-name-of-class-of-sharescapital · SH08
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-26🔒Charge registered #1Lender: North East Property LP Acting by Its General Partner North East Property (Gp) Limited Acting by Fw Capital LTD
- 2021-06-25🔒Charge registered #2Lender: North East Property LP (Acting by Its General Partner) North East Property (Gp) Limited
- 2021-03-08🏢Company incorporatedAs INDICA HOMES (EGLINGHAM) LTD
- 2021-03-08➕CARR-ELLISON, Andrew Thomas appointeddirector
- 2021-03-08📄incorporation-companyincorporation · NEWINC
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +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 5 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
65/100
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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
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 HOMES LTD→ 11445548 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 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. 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
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
Incorporated2021-03-08
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: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07
Officers (1 active · 0 resigned)
CARR-ELLISON, Andrew Thomas→
Activedirector · ~64y · appointed 2021-03-08
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | North East Property LP Acting by Its General Partner North East Property (Gp) Acting by Fw Capital North East Property LP Acting by Its General Partner North East Property (Gp) Limited Acting by Fw Capital LTD | A registered charge | 2 properties | 26/06/2021 | — | |
| outstanding | North East Property LP (Acting by Its General Partner) North East Property (Gp) North East Property LP (Acting by Its General Partner) North East Property (Gp) Limited | A registered charge | 1 property | 25/06/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (13 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-06
change-account-reference-date-company-previous-extended
accounts · AA01
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-24
capital-name-of-class-of-shares
capital · SH08
2022-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-30
incorporation-company
incorporation · NEWINC
2021-03-08