INDABA LIMITED

💤Zombieactive
SC365651 · ltd · incorporated 2009-09-16
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
£317.6k
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). 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).

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £317,637

Key financials

2 years extracted from filed iXBRL accounts
Cash
£202k
Net Worth
£318k
Current Assets
—
Current Liabilities
—
£0£64k£127k£191k£254k£318kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£317.6k—
Cash£202.2k—
Net assets£317.6k—
Average employees—900

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-09-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2020-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2019-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2018-04-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2017-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2016-04-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2016-01-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2015-11-30
    ➖
    MORTON, James Gavin resigned
    secretary
  16. 2015-09-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-11-20
    ➕
    MORTON, James Gavin appointed
    secretary
  18. 2014-11-20
    ➖
    CHIENE + TAIT LLP resigned
    corporate-secretary
  19. 2014-10-01
    ➖
    CHIENE + TAIT resigned
    corporate-secretary
  20. 2014-10-01
    ➕
    CHIENE + TAIT LLP appointed
    corporate-secretary
  21. 2009-09-16
    🏢
    Company incorporated
    As INDABA LIMITED
  22. 2009-09-16
    ➕
    STEELE, Kenneth John appointed
    director
  23. 2009-09-16
    ➕
    CHIENE + TAIT appointed
    corporate-secretary

Owner dependency

93/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kenneth John Steele
Individual · British · DOB 08/1964 · age 62
50–75%
—50-75% shares06/04/2016

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 · Leisure & entertainment · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ILLEGITIMATE LTD→
SC818477 · est 2024 · no financials extracted
————1y——
IMMORTAL SISTERHOOD LIVE LTD.→
SC852233 · est 2025 · no financials extracted
———————
INDEPENDENT ARTS PROJECTS LTD→
SC581505 · est 2017 · no financials extracted
————8y——
INTERNATIONAL GOLF LOGISTICS (UK) LTD→
SC718144 · est 2021 · no financials extracted
————4y——
INVISIBLE CITIES C.I.C.→
SC527772 · est 2016 · no financials extracted
————10y——
ISABELL MEHL LTD→
SC784278 · est 2023 · no financials extracted
————2y——
JAD SPORTING LIMITED→
SC761366 · est 2023 · no financials extracted
————3y——
JAPOS LIMITED→
SC383874 · est 2010 · no financials extracted
————15y——
JB COMBAT BOOTCAMP LIMITED→
SC525440 · est 2016 · no financials extracted
————10y——
JOHN BOWES & COMPANY LIMITED→
SC447229 · est 2013 · no financials extracted
————13y——
JOHN MACNAB FILM LTD→
SC509655 · est 2015 · no financials extracted
————10y——
JOHN REBUS LIMITED→
SC215894 · est 2001 · no financials extracted
————25y——
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
Incorporated2009-09-16
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

61 Dublin Street
Edinburgh
EH3 6NL

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-27
Last: 2025-09-13

Officers (1 active · 3 resigned)

STEELE, Kenneth John→
director · ~62y · appointed 2009-09-16
View their other companies + combined net worth →
Active
MORTON, James Gavin→
secretary · appointed 2014-11-20 · resigned 2015-11-30
Resigned
CHIENE + TAIT→
corporate-secretary · appointed 2009-09-16 · resigned 2014-10-01
Resigned
CHIENE + TAIT LLP→
corporate-secretary · appointed 2014-10-01 · resigned 2014-11-20
Resigned

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

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-02
change-person-director-company-with-change-date
officers · CH01
2023-09-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-27
accounts-with-accounts-type-small
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-30
accounts-with-accounts-type-small
accounts · AA
2020-03-31