SOLWAY FEEDERS LIMITED
No material changes in the last 30 days.
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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 28.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 28.2 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 600 | 800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (48 events)Click to expand
- 2025-11-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-19➖MAXWELL, Colin James resigneddirector
- 2025-09-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-28➕GREEN, Wendy Myfanwy appointeddirector
- 2025-08-28➖SMITH, Jane resigneddirector
- 2025-08-28➖SMITH, Nicholas Ian resigneddirector
- 2025-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-23🔓Charge satisfied #3
- 2024-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-05-16🔓Charge satisfied #2
- 2014-10-06🔒Charge registered #5Lender: Clydesdale Bank PLC
- 2014-10-06🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2013-07-23➖KENNEDY, Robert Logan resigneddirector
- 2010-09-01➖KENNEDY, William Douglas resignedsecretary
- 2010-09-01➖KENNEDY, William Douglas resigneddirector
- 2010-09-01➕MAXWELL, Colin James appointeddirector
- 2010-09-01➕SMITH, Nicholas Ian appointeddirector
- 2010-06-30➖KENNEDY, Andrew Charles resigneddirector
- 2008-11-27➕KENNEDY, William Douglas appointedsecretary
- 2008-11-27➖SMITH, Jane resignedsecretary
- 2006-10-24🔓Charge satisfied #1
- 2004-05-11➖KENNEDY, Alice resignedsecretary
- 2004-05-11➕SMITH, Jane appointedsecretary
- 2003-10-29🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2002-04-01➕KENNEDY, Andrew Charles appointeddirector
- 2002-04-01➕SMITH, Jane appointeddirector
- 1999-04-25🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1998-04-24➕KENNEDY, Robert Logan appointeddirector
- 1998-04-01🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1994-12-19🏢Company incorporatedAs SOLWAY FEEDERS LIMITED
- 1994-12-19➕KENNEDY, Alice appointedsecretary
- 1994-12-19➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1994-12-19➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1994-12-19➕KENNEDY, William Douglas appointeddirector
- 1994-12-19➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
- 1994-12-19➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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 ·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
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.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Solway Global Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/06/2016 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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| R. BARBOUR & SONS. LIMITED→ SC010111 · est 1918 | — | — | £3.34M | — | 107y | 82 | 61y |
| T.B. WATSON LIMITED→ SC013260 · est 1924 | — | — | — | 1300 | 101y | 82 | 66y |
| CELSTEEL LIMITED→ SC039247 · est 1963 | — | — | £1.71M | — | 62y | 81 | 94y |
| ALTERNATIVE CENTRE (DUMFRIES) LIMITED→ SC250007 · est 2003 | — | — | £47.9k | — | 23y | 80 | 80y |
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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 (1 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | — | 06/10/2014 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 06/10/2014 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 29/10/2003 | 23/05/2025 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 25/04/1999 | 16/05/2015 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 01/04/1998 | 24/10/2006 |