SOLWAY GAS LIMITED

🌳Matureactive
SC080500 · ltd · incorporated 1982-10-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Dec 2024
Net worth
£524.6k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 71/100 (strong), bankability 57/100. Strong seller-intent signal (78/100, director aged 71). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 42.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 42.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
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
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £524,577
Cash draining
Cash down 74% YoY
Cash YoY
-74%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£36k
↓ 74% YoY
Net Worth
£525k
↑ 16% YoY
Current Assets
£572k
↓ 2.3% YoY
Current Liabilities
—
£0£117k£234k£351k£469k£586kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£528.5k£458.7k
Current assets£572.1k£585.6k
Cash£35.6k£136.9k
Debtors£536.5k£448.8k
Net assets£524.6k£453.3k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-12
    📄
    capital-allotment-shares
    capital · SH01
  5. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-04-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2018-06-21
    📄
    capital-allotment-shares
    capital · SH01
  12. 2018-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-30
    ➕
    CLARK, Lee appointed
    director
  14. 2017-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-05-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2013-12-07
    🔓
    Charge satisfied #3
  19. 2011-05-20
    ➖
    GRIERSON, Roy resigned
    director
  20. 1990-03-15
    ➕
    GRIERSON, Marie Elizabeth appointed
    secretary
  21. 1990-03-15
    ➕
    GRIERSON, Marie Elizabeth appointed
    director
  22. 1990-03-15
    ➖
    GRIERSON, Vivian M resigned
    secretary
  23. 1990-03-15
    ➖
    GRIERSON, Vivian M resigned
    director
  24. 1989-09-07
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  25. 1989-09-06
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  26. 1989-08-23
    🔓
    Charge satisfied #2
  27. 1987-08-21
    🔓
    Charge satisfied #1
  28. 1987-07-02
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  29. 1987-06-17
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  30. 1984-01-06
    🔒
    Charge registered #1
    Lender: H.Birdsall & Sons Dumfries LTD
  31. 1982-10-21
    🏢
    Company incorporated
    As SOLWAY GAS LIMITED

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

91/100
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 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 44 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-24

Charge satisfaction-then-recreation pattern
medium

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Marie Elizabeth Grierson
Individual · British · DOB 07/1955 · age 71
75–100%
75–100%75-100% shares · 75-100% 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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————26y8362y
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————20y8362y
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————17y8362y
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————19y8362y
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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
Incorporated1982-10-21
Jurisdictionscotland
Primary SIC46180 — Agents specialised in the sale of other particular products

Registered office

Farries Kirk & Mcvean
Dumfries Enterprise Park
Dumfries
Dumfries & Galloway
DG1 3SJ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-04-24OVERDUE
Last: 2025-04-10

Officers (3 active · 3 resigned)

GRIERSON, Marie Elizabeth→
secretary · appointed 1990-03-15
View their other companies + combined net worth →
Active
CLARK, Lee→
director · ~50y · appointed 2018-05-30
View their other companies + combined net worth →
Active
GRIERSON, Marie Elizabeth→
director · ~71y · appointed 1990-03-15
View their other companies + combined net worth →
Active
GRIERSON, Vivian M→
secretary · resigned 1990-03-15
Resigned
GRIERSON, Roy→
director · ~87y · resigned 2011-05-20
Resigned
GRIERSON, Vivian M→
director · resigned 1990-03-15
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
part-satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/09/1989—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property06/09/1989—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/07/198707/12/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property17/06/198723/08/1989
satisfied
H.Birdsall & Sons Dumfries
H.Birdsall & Sons Dumfries LTD
Floating charge1 property06/01/198421/08/1987
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-21
capital-allotment-shares
capital · SH01
2022-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-21
change-person-director-company-with-change-date
officers · CH01
2019-05-06