SOLWAY AGRICULTURE LIMITED

🌳Matureactive
SC118953 · ltd · incorporated 1989-07-07
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£1.30M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: SIC 46210
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 36.7y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 36.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 £1,300,909
Net assets shrinking
Down £69,085 YoY
Cash YoY
+332%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£219k
↑ 332% YoY
Net Worth
£1.3m
↓ 5.0% YoY
Current Assets
£1.3m
↓ 18% YoY
Current Liabilities
—
£0£320k£641k£961k£1.3m£1.6mAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£1.40M£1.49M
Current assets£1.31M£1.60M
Cash£219.1k£50.7k
Debtors£922.7k£1.37M
Net assets£1.30M£1.37M

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-06-10
    🔓
    Charge satisfied #2
  3. 2025-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2023-09-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2023-09-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-05-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2019-05-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2018-05-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2017-05-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2016-06-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2016-05-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2010-07-27
    ➖
    THOMPSON, George Lloyd resigned
    director
  18. 1998-09-07
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  19. 1998-08-31
    ➕
    ARMSTRONG, Winifred Jane appointed
    secretary
  20. 1998-08-31
    ➕
    ARMSTRONG, Winifred Jane appointed
    director
  21. 1998-08-31
    ➕
    THOMPSON, Ian William appointed
    director
  22. 1998-08-31
    ➖
    TURKINGTON, Mervyn Winston resigned
    secretary
  23. 1998-08-31
    ➖
    TURKINGTON, Mervyn Winston resigned
    director
  24. 1989-08-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 1989-07-07
    🏢
    Company incorporated
    As SOLWAY AGRICULTURE LIMITED

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 37 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Solway Agriculture Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Solway Agriculture Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SOLWAY AGRICULTURE LIMITED
This company · SC118953

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%
NameSharesVoting rightsNature of controlNotified
Solway Agriculture Holdings Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/09/2023
2 historic (ceased) PSCs
  • Winifred Jane Armstrongceased 06/09/2023· 25-50% shares
  • Ian William Thompsonceased 06/09/2023· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1989-07-07
Jurisdictionscotland
Primary SIC46210 — SIC 46210

Registered office

Glasgow Road
Lockerbie
DG11 2SE

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-05-19
Last: 2026-05-05

Officers (3 active · 3 resigned)

ARMSTRONG, Winifred Jane→
secretary · appointed 1998-08-31
View their other companies + combined net worth →
Active
ARMSTRONG, Winifred Jane→
director · ~57y · appointed 1998-08-31
View their other companies + combined net worth →
Active
THOMPSON, Ian William→
director · ~60y · appointed 1998-08-31
View their other companies + combined net worth →
Active
TURKINGTON, Mervyn Winston→
secretary · resigned 1998-08-31
Resigned
THOMPSON, George Lloyd→
director · ~91y · resigned 2010-07-27
Resigned
TURKINGTON, Mervyn Winston→
director · ~71y · resigned 1998-08-31
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/09/199810/06/2025
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/08/1989—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-09-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-06