SOLWAY FEEDERS LIMITED

💤Zombieactive
SC154989 · ltd · incorporated 1994-12-19
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 Dec 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. 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 (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 28.1y

15/100
under pressure

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

  • · Oldest live charge is 28.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
12 officers (1 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
106 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
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees600800

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

🔒Filing-note intelligence

3 signals 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
4
filings
  • • 3 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2025-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-10-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-09-19
    ➖
    MAXWELL, Colin James resigned
    director
  6. 2025-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-08-28
    ➕
    GREEN, Wendy Myfanwy appointed
    director
  10. 2025-08-28
    ➖
    SMITH, Jane resigned
    director
  11. 2025-08-28
    ➖
    SMITH, Nicholas Ian resigned
    director
  12. 2025-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2025-05-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2025-05-23
    🔓
    Charge satisfied #3
  15. 2024-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2015-05-16
    🔓
    Charge satisfied #2
  23. 2014-10-06
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  24. 2014-10-06
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  25. 2013-07-23
    ➖
    KENNEDY, Robert Logan resigned
    director
  26. 2010-09-01
    ➖
    KENNEDY, William Douglas resigned
    secretary
  27. 2010-09-01
    ➖
    KENNEDY, William Douglas resigned
    director
  28. 2010-09-01
    ➕
    MAXWELL, Colin James appointed
    director
  29. 2010-09-01
    ➕
    SMITH, Nicholas Ian appointed
    director
  30. 2010-06-30
    ➖
    KENNEDY, Andrew Charles resigned
    director
  31. 2008-11-27
    ➕
    KENNEDY, William Douglas appointed
    secretary
  32. 2008-11-27
    ➖
    SMITH, Jane resigned
    secretary
  33. 2006-10-24
    🔓
    Charge satisfied #1
  34. 2004-05-11
    ➖
    KENNEDY, Alice resigned
    secretary
  35. 2004-05-11
    ➕
    SMITH, Jane appointed
    secretary
  36. 2003-10-29
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  37. 2002-04-01
    ➕
    KENNEDY, Andrew Charles appointed
    director
  38. 2002-04-01
    ➕
    SMITH, Jane appointed
    director
  39. 1999-04-25
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  40. 1998-04-24
    ➕
    KENNEDY, Robert Logan appointed
    director
  41. 1998-04-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  42. 1994-12-19
    🏢
    Company incorporated
    As SOLWAY FEEDERS LIMITED
  43. 1994-12-19
    ➕
    KENNEDY, Alice appointed
    secretary
  44. 1994-12-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  45. 1994-12-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  46. 1994-12-19
    ➕
    KENNEDY, William Douglas appointed
    director
  47. 1994-12-19
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  48. 1994-12-19
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

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 65 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MAXWELL, Colin James resigned 2025-09-19; SMITH, Jane resigned 2025-08-28; SMITH, Nicholas Ian resigned 2025-08-28

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.

Group structure

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

🏛️
Solway Global Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SOLWAY FEEDERS LIMITED
This company · SC154989

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 Global Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting30/06/2016
3 historic (ceased) PSCs
  • Mr Colin James Maxwellceased 28/08/2025· significant influence
  • Mr Nicholas Ian Smithceased 28/08/2025· significant influence
  • Mrs Jane Smithceased 28/08/2025· significant influence

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 →

Similar companies

Active · Retail · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
GRETNA GREEN LTD→
SC052082 · est 1972
£861.4k
£646.1k–£1.08M
——24953y8876y
J. D. OWEN & SON (BUTCHERS) LIMITED→
SC246487 · est 2003
£87.3k
£65.5k–£109.1k
——1223y8262y
CALMAC DEVELOPMENTS LIMITED→
SC084696 · est 1983
——£3.65M—42y8275y
GRANITE WORKS LIMITED→
SC204911 · est 2000
——£999.8k—26y8258y
HOME & GARDENS LIMITED→
SC281966 · est 2005
——£2.17M—21y8268y
MONAGHAN JEWELLERS LIMITED→
SC257901 · est 2003
———170022y8273y
POUNDSAVER STORES LIMITED→
SC227065 · est 2002
——£263.4k—24y8276y
R. BARBOUR & SONS. LIMITED→
SC010111 · est 1918
——£3.34M—107y8261y
T.B. WATSON LIMITED→
SC013260 · est 1924
———1300101y8266y
CELSTEEL LIMITED→
SC039247 · est 1963
——£1.71M—62y8194y
A. D. LIVINGSTON & SONS LIMITED→
SC274923 · est 2004
——£3.5k—21y8066y
ALTERNATIVE CENTRE (DUMFRIES) LIMITED→
SC250007 · est 2003
——£47.9k—22y8080y
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
Incorporated1994-12-19
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

123 Irish Street
Dumfries
DG1 2PE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26

Officers (1 active · 11 resigned)

GREEN, Wendy Myfanwy→
director · ~65y · appointed 2025-08-28
View their other companies + combined net worth →
Active
KENNEDY, Alice→
secretary · appointed 1994-12-19 · resigned 2004-05-11
Resigned
KENNEDY, William Douglas→
secretary · appointed 2008-11-27 · resigned 2010-09-01
Resigned
SMITH, Jane→
secretary · appointed 2004-05-11 · resigned 2008-11-27
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1994-12-19 · resigned 1994-12-19
Resigned
KENNEDY, Andrew Charles→
director · ~52y · appointed 2002-04-01 · resigned 2010-06-30
Resigned
KENNEDY, Robert Logan→
director · ~53y · appointed 1998-04-24 · resigned 2013-07-23
Resigned
KENNEDY, William Douglas→
director · ~85y · appointed 1994-12-19 · resigned 2010-09-01
Resigned
MAXWELL, Colin James→
director · ~72y · appointed 2010-09-01 · resigned 2025-09-19
Resigned
SMITH, Jane→
director · ~71y · appointed 2002-04-01 · resigned 2025-08-28
Resigned
SMITH, Nicholas Ian→
director · ~72y · appointed 2010-09-01 · resigned 2025-08-28
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1994-12-19 · resigned 1994-12-19
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
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—06/10/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property06/10/2014—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/10/200323/05/2025
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property25/04/199916/05/2015
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/04/199824/10/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-24
termination-director-company-with-name-termination-date
officers · TM01
2025-10-06
appoint-person-director-company-with-name-date
officers · AP01
2025-09-17
termination-director-company-with-name-termination-date
officers · TM01
2025-09-02
termination-director-company-with-name-termination-date
officers · TM01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-12