KELPIE SEAWEED LIMITED

💤Zombieactive
SC503853 · ltd · incorporated 2015-04-21
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 Jul 2024
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 87-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 87). 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: 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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
85
Few red flags.
Signal strength
90
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£0Jul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31

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 (18 events)Click to expand
  1. 2025-02-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-04-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2022-12-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-01-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-04-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2020-01-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-04-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-04-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-01-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-05-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2016-01-14
    GEORGE, Arlette Kim resigned
    director
  12. 2016-01-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2015-05-13
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  14. 2015-04-21
    🏢
    Company incorporated
    As KELPIE SEAWEED LIMITED
  15. 2015-04-21
    GEORGE, Arlette Kim appointed
    secretary
  16. 2015-04-21
    GEORGE, Rodney appointed
    director
  17. 2015-04-21
    GEORGE, Arlette Kim appointed
    director
  18. 2015-04-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 87 — succession pressure is live.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 87 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Rodney George
Individual · British · DOB 03/1939 · age 87
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Arlette Kim George
Individual · British · DOB 05/1966 · age 60
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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

Statusactive
Typeltd
Incorporated2015-04-21
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

Kinmara
Salen
Acharacle
PH36 4JN
United Kingdom

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-05-05
Last: 2025-04-21

Officers (2 active · 1 resigned)

GEORGE, Arlette Kim
secretary · appointed 2015-04-21
View their other companies + combined net worth →
Active
GEORGE, Rodney
director · ~87y · appointed 2015-04-21
View their other companies + combined net worth →
Active
GEORGE, Arlette Kim
director · ~60y · appointed 2015-04-21 · resigned 2016-01-14
Resigned

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-dormant
accounts · AA
2025-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-dormant
accounts · AA
2024-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-03
accounts-with-accounts-type-dormant
accounts · AA
2022-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-dormant
accounts · AA
2022-01-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18
accounts-with-accounts-type-dormant
accounts · AA
2021-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-22
accounts-with-accounts-type-dormant
accounts · AA
2020-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-03
accounts-with-accounts-type-dormant
accounts · AA
2019-04-16
confirmation-statement-with-updates
confirmation-statement · CS01
2018-04-25