RICHARD SOLARI FARMS LTD.
Opportunity 79/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
8 live charges · 5 lenders · oldest 22.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 22.5 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.86M | £2.02M |
| Current assets | £924.2k | £1.02M |
| Cash | £375 | £375 |
| Debtors | £580.7k | £519.6k |
| Net assets | £1.09M | £1.12M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-10-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-14➕SOLARI, Edward Richard appointeddirector
- 2025-01-14➕SOLARI, Tim John appointeddirector
- 2024-11-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-28🔒Charge registered #8Lender: Lloyds Bank PLC
- 2018-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-01-28🔒Charge registered #7Lender: Richard Solari, Janet Elizabeth Solari, Edward Richard Solari and Tim John Solari
- 2010-09-01🔓Charge satisfied #2
- 2010-09-01🔓Charge satisfied #1
- 2010-07-30🔒Charge registered #6Lender: The Agricultural Mortgage Corporation PLC
- 2010-07-30🔒Charge registered #5Lender: Lloyds Tsb Bank PLC
- 2010-06-16🔓Charge satisfied #4
- 2010-06-16🔓Charge satisfied #3
- 2009-11-23➖SOLARI, Philip resigneddirector
- 2004-02-17🔒Charge registered #4Lender: Hsbc Bank PLC
- 2004-02-17🔒Charge registered #3Lender: Hsbc Bank PLC
- 2003-11-06🔒Charge registered #2Lender: Hsbc Bank PLC
- 2003-11-06🔒Charge registered #1Lender: Hsbc Bank PLC
- 2000-04-01➕PAICE, Maria appointeddirector
- 1959-04-08🏢Company incorporatedAs RICHARD SOLARI FARMS LTD.
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "SOLARI" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFamily succession underway: Not a takeover target — SOLARI, Edward Richard (same surname) appointed 2025-01-14. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard Solari Individual · British · DOB 09/1952 · age 74 | 25–50% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (5 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 28/02/2019 | — | |
| outstanding | Richard Solari, Janet Elizabeth Solari, Edward Richard Solari and Tim John Solari | Legal charge | 1 property | 28/01/2013 | — | |
| outstanding | The Agricultural Mortgage Corporation The Agricultural Mortgage Corporation PLC | Mortgage | 1 property | 30/07/2010 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed to secure own liabilities | 1 property | 30/07/2010 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 17/02/2004 | 16/06/2010 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 17/02/2004 | 16/06/2010 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 06/11/2003 | 01/09/2010 | |
| satisfied | HSBC Hsbc Bank PLC | Fixed charge on book and other debts | 1 property | 06/11/2003 | 01/09/2010 |