INDIGO E-COMMERCE LIMITED
⚰️Wound downdissolved
SC371342 · ltd · incorporated 2010-01-18
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
- · Distress / opportunity: speculative → avoid
What changed my view
Last 30 days
Mixed signals in the last 30 days — 0 improved, 0 worsened.
- ·Distress / opportunity: speculative → avoid
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 2023
Net worth
£-168.1k
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Retail sale via mail order houses or via Internet
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (83/100)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
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £168,058
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£38k
~ YoY
Net Worth
-£168k
~ YoY
Current Assets
£199k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2023-06-30 | 2022-06-30 |
|---|---|---|
| Total assets | £-168.1k | £-168.1k |
| Current assets | £199.4k | £199.4k |
| Cash | £38.3k | £38.3k |
| Debtors | £67.2k | £67.2k |
| Net assets | £-168.1k | £-168.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- 2025-08-12📄gazette-dissolved-compulsorygazette · GAZ2
- 2025-08-12🏁Company dissolved
- 2025-05-27📄gazette-notice-compulsorygazette · GAZ1
- 2023-12-18📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-12-31➖SIMPSON, Barry Paul resigneddirector
- 2019-03-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-05📄change-person-director-company-with-change-dateofficers · CH01
- 2018-06-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2018-06-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-06-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-10-01➕WARDLAW, John Robert appointeddirector
- 2016-10-01➕SIMPSON, Barry Paul appointeddirector
- 2016-10-01➖SKED, Douglas George resigneddirector
- 2015-09-25➖SKED, Iain resignedsecretary
- 2015-09-25➖SKED, Iain resigneddirector
- 2010-05-21➕STEWART, Hugh appointeddirector
- 2010-05-21➕SKED, Iain appointedsecretary
- 2010-05-21➖MD SECRETARIES LIMITED resignedcorporate-secretary
- 2010-05-21➖CONNON, Roger Gordon resigneddirector
- 2010-05-21➖RUTHERFORD, John Arthur Thomas resigneddirector
- 2010-05-21➕SKED, Douglas George appointeddirector
- 2010-05-21➕SKED, Iain appointeddirector
- 2010-01-18🏢Company incorporatedAs INDIGO E-COMMERCE LIMITED
- 2010-01-18➕MD SECRETARIES LIMITED appointedcorporate-secretary
- 2010-01-18➕CONNON, Roger Gordon appointeddirector
- 2010-01-18➕RUTHERFORD, John Arthur Thomas appointeddirector
Owner dependency
83/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-08-12
Group structure
Coralinn Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Coralinn Llp
Corporate parent · holds 75-100% shares
⬇
INDIGO E-COMMERCE LIMITED
This company · SC371342
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Coralinn Llp Corporate entity | 75–100% | — | 75-100% shares | 31/05/2018 |
2 historic (ceased) PSCs
- Mr Hugh Stewartceased 31/05/2018· 25-50% shares
- Mr Douglas George Skedceased 31/05/2018· 25-50% shares
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 · Retail · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PENTLAND KITCHENS LIMITED→ SC307579 · est 2006 | £710.4k £532.8k–£888.0k | — | — | 2000 | 19y | 83 | 63y |
| M&F FUNERAL SERVICES LIMITED→ SC365033 · est 2009 | £671.4k £503.6k–£839.3k | — | — | 1400 | 16y | 88 | 61y |
| LYON & TURNBULL LIMITED→ SC191166 · est 1998 | £551.7k £413.8k–£689.6k | — | — | 75 | 27y | 85 | 77y |
| FESTIVAL FRINGE TRADING LIMITED→ SC130813 · est 1991 | £497.4k £373.1k–£621.8k | — | — | 0 | 35y | 85 | 77y |
| DRINX.COM LIMITED→ SC203859 · est 2000 | — | — | £353.7k | — | 26y | 83 | 63y |
| GLASGOW ARCHITECTURAL SALVAGE LIMITED→ SC248258 · est 2003 · no financials extracted | — | — | — | — | 23y | 83 | 58y |
| GLENTERRIN LIMITED→ SC116076 · est 1989 | — | — | — | 7100 | 37y | 83 | 64y |
| GRAHAM TISO LIMITED→ SC081944 · est 1983 · no financials extracted | — | — | — | — | 43y | 83 | 60y |
| NGS TRADING COMPANY LIMITED→ SC312797 · est 2006 · no financials extracted | — | — | — | — | 19y | 83 | 68y |
| PLANET FLOWERS LTD.→ SC212761 · est 2000 | — | — | £208.8k | — | 25y | 83 | 78y |
| THE DORMANT DISTILLERY COMPANY LIMITED→ SC172078 · est 1997 | — | — | — | 64 | 29y | 83 | 62y |
| THE GREAT GROG COMPANY LIMITED→ SC194873 · est 1999 | — | — | £501.5k | — | 27y | 83 | 64y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Statusdissolved
Typeltd
Incorporated2010-01-18
Jurisdictionscotland
Primary SIC47910 — Retail sale via mail order houses or via Internet
Registered office
4 Royston Road
Deans Industrial Estate
Livingston
West Lothian
EH54 8AH
Filing status
Accounts
Next due: —
Last made up to: 2023-06-30
Confirmation statement
Next due: —
Last: 2025-01-18
Officers (0 active · 7 resigned)
STEWART, Hugh→
Activedirector · ~69y · appointed 2010-05-21
View their other companies + combined net worth →
WARDLAW, John Robert→
Activedirector · ~62y · appointed 2016-10-01
View their other companies + combined net worth →
SKED, Iain→
Resignedsecretary · appointed 2010-05-21 · resigned 2015-09-25
MD SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2010-01-18 · resigned 2010-05-21
CONNON, Roger Gordon→
Resigneddirector · ~67y · appointed 2010-01-18 · resigned 2010-05-21
RUTHERFORD, John Arthur Thomas→
Resigneddirector · ~68y · appointed 2010-01-18 · resigned 2010-05-21
SIMPSON, Barry Paul→
Resigneddirector · ~50y · appointed 2016-10-01 · resigned 2019-12-31
SKED, Douglas George→
Resigneddirector · ~61y · appointed 2010-05-21 · resigned 2016-10-01
SKED, Iain→
Resigneddirector · ~54y · appointed 2010-05-21 · resigned 2015-09-25
Click a director name to see their full track record across all companies.
Recent filings (58 total)
gazette-dissolved-compulsory
gazette · GAZ2
2025-08-12
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-07
termination-director-company-with-name-termination-date
officers · TM01
2020-02-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-03-30