ION INC LTD

💤Zombieactive
SC413061 · ltd · incorporated 2011-12-13
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 Jan 2025
Net worth
£15.8k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 47890
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47910Retail sale via mail order houses or via Internet
  • 47990Other retail sale not in stores, stalls or markets
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £15,756
Net assets shrinking
Down £3,343 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£16k
↓ 18% YoY
Current Assets
£19k
↓ 14% YoY
Current Liabilities
—
£0£4k£9k£13k£17k£22kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£15.8k£19.1k
Current assets£18.5k£21.6k
Net assets£15.8k£19.1k

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 (20 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2016-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2016-07-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-12-01
    ➖
    MCGROGAN, Anthony Joseph resigned
    director
  16. 2013-12-01
    ➖
    MCGROGAN, Geraldine resigned
    director
  17. 2011-12-13
    🏢
    Company incorporated
    As ION INC LTD
  18. 2011-12-13
    ➕
    MCGROGAN, Kevin appointed
    director
  19. 2011-12-13
    ➕
    MCGROGAN, Anthony Joseph appointed
    director
  20. 2011-12-13
    ➕
    MCGROGAN, Geraldine appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
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.
  • secondary12+ year tenure: Director in role 14 years.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kevin Mcgrogan
Individual · British · DOB 01/1983 · age 43
75–100%
—75-100% 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 →

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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
Incorporated2011-12-13
Jurisdictionscotland
Primary SIC47890 — SIC 47890

Registered office

Block 5 Unit 2 Lomond Industrial Estate
Alexandria
G83 0TL
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05

Officers (1 active · 2 resigned)

MCGROGAN, Kevin→
director · ~43y · appointed 2011-12-13
View their other companies + combined net worth →
Active
MCGROGAN, Anthony Joseph→
director · ~46y · appointed 2011-12-13 · resigned 2013-12-01
Resigned
MCGROGAN, Geraldine→
director · ~75y · appointed 2011-12-13 · resigned 2013-12-01
Resigned

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

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04