SOLWAY FARM DAIRIES LTD.

🌳Matureactive
SC224140 · ltd · incorporated 2001-10-11
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£713.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10511
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10512SIC 10512
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 23.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 23.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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 (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 £713,784

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£714k
↑ 10% YoY
Current Assets
£891k
↑ 12% YoY
Current Liabilities
—
£0£178k£356k£535k£713k£891kDec 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£1.17M£1.07M
Current assets£891.2k£792.2k
Net assets£713.8k£648.0k

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

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 (27 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-08-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-08-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-05-10
    📄
    capital-allotment-shares
    capital · SH01
  10. 2017-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-04-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-09-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2014-10-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-10-12
    ➖
    KINCAID, Ross resigned
    director
  17. 2014-03-01
    ➕
    KINCAID, Ross appointed
    director
  18. 2013-12-12
    🔓
    Charge satisfied #1
  19. 2013-06-09
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  20. 2010-12-31
    ➕
    KINCAID, Richard John appointed
    director
  21. 2002-11-28
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  22. 2001-10-11
    🏢
    Company incorporated
    As SOLWAY FARM DAIRIES LTD.
  23. 2001-10-11
    ➕
    KINCAID, Catherine Joan appointed
    secretary
  24. 2001-10-11
    ➕
    KINCAID, Catherine Joan appointed
    director
  25. 2001-10-11
    ➕
    KINCAID, David John appointed
    director
  26. 2001-10-11
    ➕
    KANE, Dorothy May appointed
    secretary
  27. 2001-10-11
    ➖
    KANE, Dorothy May resigned
    secretary

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
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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.)
🔒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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BARONY COUNTRY FOODS LTD.→
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——£804.3k—22y8088y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2001-10-11
Jurisdictionscotland
Primary SIC10511 — SIC 10511

Registered office

Slacks
Loch Maben
Lockerbie
Dumfriesshire
DG11 1RY

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-24
Last: 2025-05-10

Officers (4 active · 2 resigned)

KINCAID, Catherine Joan→
secretary · appointed 2001-10-11
View their other companies + combined net worth →
Active
KINCAID, Catherine Joan→
director · ~66y · appointed 2001-10-11
View their other companies + combined net worth →
Active
KINCAID, David John→
director · ~66y · appointed 2001-10-11
View their other companies + combined net worth →
Active
KINCAID, Richard John→
director · ~38y · appointed 2010-12-31
View their other companies + combined net worth →
Active
KANE, Dorothy May→
secretary · appointed 2001-10-11 · resigned 2001-10-11
Resigned
KINCAID, Ross→
director · ~41y · appointed 2014-03-01 · resigned 2014-10-12
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
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
A registered charge1 property09/06/2013—
satisfied
Northern Bank
Northern Bank Limited
Floating charge1 property28/11/200212/12/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-28