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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒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 16.2y

30/100
under pressure

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

  • · Oldest live charge is 16.2 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→
SC145220 · est 1993
————32y8177y
FLUGGA BOATS LIMITED→
SC343975 · est 2008
————17y8076y
TN & HC PROPERTY LEASING LTD→
SC116125 · est 1989
————37y8086y
BRESSAY DEVELOPMENT LTD→
SC513684 · est 2015 · no financials extracted
————10y7873y
C.T. SHETLAND (T.M.) LIMITED→
SC072648 · est 1980 · no financials extracted
————45y7868y
GUNGILSUND LTD→
SC606794 · est 2018
——£100—7y7668y
SHETLAND FOOD AND DRINK LIMITED→
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———09y7672y
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————16y7549y
SHETLAND SHELLFISH MANAGEMENT ORGANISATION→
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———127y7576y
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————22y7557y
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————30y7579y
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————13y7452y
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