ISLAND ADVENTURE LIMITED

💤Zombieactive
SC349692 · ltd · incorporated 2008-10-09
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 Jun 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (65/100, director aged 60). 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

3 live charges · 2 lenders · oldest 16.1y

30/100
under pressure

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

  • · Oldest live charge is 16.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
7 officers (1 active, 7 linked, 6 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-02-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-02-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-01-31
    ➖
    TREGONNING, Martin Edward Treloar resigned
    secretary
  7. 2024-01-31
    ➖
    TREGONNING, Martin Edward Treloar resigned
    director
  8. 2022-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-04
    ➕
    TREGONNING, Martin Edward Treloar appointed
    director
  11. 2021-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-06-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-06-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  15. 2020-04-01
    ➕
    TREGONNING, Martin Edward Treloar appointed
    secretary
  16. 2020-04-01
    ➖
    TREGONNING, Martin Edward Treloar resigned
    director
  17. 2019-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-09-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2018-09-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2018-09-28
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  21. 2018-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2018-09-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2017-02-07
    🔓
    Charge satisfied #3
  24. 2017-01-23
    ➕
    TREGONNING, Margaret Ann appointed
    director
  25. 2016-03-16
    🔓
    Charge satisfied #1
  26. 2016-02-12
    🔓
    Charge satisfied #2
  27. 2015-06-30
    ➖
    BRUNNING, Karl Alexader resigned
    director
  28. 2014-06-30
    ➖
    STEVENSON, Douglas George resigned
    director
  29. 2010-04-19
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  30. 2010-04-19
    🔒
    Charge registered #2
    Lender: Central Garage (Brae) Limited
  31. 2010-04-01
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  32. 2010-03-18
    ➕
    STEVENSON, Douglas George appointed
    director
  33. 2010-03-09
    ➕
    BRUNNING, Karl Alexader appointed
    director
  34. 2010-03-09
    ➖
    TREGONNING, Margaret Ann resigned
    director
  35. 2008-10-09
    🏢
    Company incorporated
    As ISLAND ADVENTURE LIMITED
  36. 2008-10-09
    ➕
    TREGONNING, Margaret Ann appointed
    director
  37. 2008-10-09
    ➕
    TREGONNING, Martin Edward Treloar appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Margaret Ann Tregonning
Individual · British · DOB 09/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting28/09/2018
Mr Martin Edward Treloar Tregonning
Individual · British · DOB 05/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting28/09/2018

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 · Other · ZE postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
NORTHMAVINE DEVELOPMENT COMPANY→
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————32y8177y
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————17y8076y
BRESSAY DEVELOPMENT LTD→
SC513684 · est 2015 · no financials extracted
————10y7873y
C.T. SHETLAND (T.M.) LIMITED→
SC072648 · est 1980 · no financials extracted
————45y7868y
FAROE'S FINEST LTD→
SC364540 · est 2009
————16y7549y
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SC439481 · est 2012
————13y7452y
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——£24.2k—7y7255y
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————1y——
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
Incorporated2008-10-09
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

Staney Brae
Dunrossness
Shetland
ZE2 9JG
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-12
Last: 2025-09-28

Officers (1 active · 6 resigned)

TREGONNING, Margaret Ann→
director · ~60y · appointed 2017-01-23
View their other companies + combined net worth →
Active
TREGONNING, Martin Edward Treloar→
secretary · appointed 2020-04-01 · resigned 2024-01-31
Resigned
BRUNNING, Karl Alexader→
director · ~54y · appointed 2010-03-09 · resigned 2015-06-30
Resigned
STEVENSON, Douglas George→
director · ~62y · appointed 2010-03-18 · resigned 2014-06-30
Resigned
TREGONNING, Margaret Ann→
director · ~60y · appointed 2008-10-09 · resigned 2010-03-09
Resigned
TREGONNING, Martin Edward Treloar→
director · ~59y · appointed 2021-10-04 · resigned 2024-01-31
Resigned
TREGONNING, Martin Edward Treloar→
director · ~59y · appointed 2008-10-09 · resigned 2020-04-01
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property19/04/201007/02/2017
satisfied
Central Garage (Brae)
Central Garage (Brae) Limited
Standard security1 property19/04/201012/02/2016
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property01/04/201016/03/2016

Recent filings (64 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-04
accounts-with-accounts-type-dormant
accounts · AA
2025-07-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-14
termination-director-company-with-name-termination-date
officers · TM01
2024-02-14
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-20
appoint-person-director-company-with-name-date
officers · AP01
2021-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-28