INDIGENOUS SEA LIMITED

💤Zombieactive
NI036450 · ltd · incorporated 1999-06-25
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
—
not disclosed
Net worth
—
book net assets
Opportunity
58/100
Worth a look
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What this business does
Primary activity: Retail sale of clothing in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 58/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 21.3y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (34 events)Click to expand
  1. 2025-05-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2023-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2022-10-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2022-09-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2021-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-03-12
    ➖
    WAUCHOB, Sharon resigned
    secretary
  10. 2018-03-12
    ➖
    WAUCHOB, Sharon resigned
    director
  11. 2018-03-12
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2018-03-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2018-03-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2018-03-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2017-07-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2017-07-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2017-07-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-07-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2016-07-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2011-01-13
    ➖
    BAILY, Justin resigned
    director
  21. 2009-11-18
    ➕
    BAILY, Justin appointed
    director
  22. 2006-01-01
    ➖
    MURPHY, Ray resigned
    director
  23. 2005-02-17
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Ireland
  24. 2004-09-07
    ➕
    MURPHY, Ray appointed
    director
  25. 1999-08-04
    ➕
    NEVILLE, Joshua appointed
    director
  26. 1999-08-04
    ➖
    WAUCHOB, Olive resigned
    director
  27. 1999-07-14
    ➖
    KANE, Dorothy May resigned
    director
  28. 1999-07-14
    ➖
    MCNEILL, Eleanor Shirley resigned
    director
  29. 1999-07-14
    ➕
    WAUCHOB, Olive appointed
    director
  30. 1999-07-14
    ➕
    WAUCHOB, Sharon appointed
    director
  31. 1999-06-25
    🏢
    Company incorporated
    As INDIGENOUS SEA LIMITED
  32. 1999-06-25
    ➕
    WAUCHOB, Sharon appointed
    secretary
  33. 1999-06-25
    ➕
    KANE, Dorothy May appointed
    director
  34. 1999-06-25
    ➕
    MCNEILL, Eleanor Shirley appointed
    director

Owner dependency

85/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
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.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-07-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-10-04

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Joshua John Neville
Individual · British · DOB 09/1972 · age 54
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Ms Sharon Wauchobceased 12/03/2018· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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10 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.

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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.

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Company details

Statusactive
Typeltd
Incorporated1999-06-25
Jurisdictionnorthern-ireland
Primary SIC47710 — Retail sale of clothing in specialised stores

Registered office

6th Floor East Tower Lanyon Plaza
8 Lanyon Place
Belfast
BT1 3LP
Northern Ireland

Filing status

Accounts
Next due: 2023-07-31OVERDUE
Last made up to: 2021-07-31
Confirmation statement
Next due: 2024-10-04OVERDUE
Last: 2023-09-20

Officers (1 active · 7 resigned)

NEVILLE, Joshua→
director · ~54y · appointed 1999-08-04
View their other companies + combined net worth →
Active
WAUCHOB, Sharon→
secretary · appointed 1999-06-25 · resigned 2018-03-12
Resigned
BAILY, Justin→
director · ~81y · appointed 2009-11-18 · resigned 2011-01-13
Resigned
KANE, Dorothy May→
director · ~90y · appointed 1999-06-25 · resigned 1999-07-14
Resigned
MCNEILL, Eleanor Shirley→
director · ~66y · appointed 1999-06-25 · resigned 1999-07-14
Resigned
MURPHY, Ray→
director · ~65y · appointed 2004-09-07 · resigned 2006-01-01
Resigned
WAUCHOB, Olive→
director · ~87y · appointed 1999-07-14 · resigned 1999-08-04
Resigned
WAUCHOB, Sharon→
director · ~55y · appointed 1999-07-14 · resigned 2018-03-12
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland
Debenture1 property17/02/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-28
gazette-filings-brought-up-to-date
gazette · DISS40
2022-10-01
gazette-notice-compulsory
gazette · GAZ1
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-09