SOLWAY INSULATION SERVICES LIMITED

💤Zombieactive
SC324989 · ltd · incorporated 2007-06-06
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Jun 2025
Net worth
£626.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other construction installation
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 15.8y

45/100
under pressure

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

  • · Oldest live charge is 15.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
47 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 £626,428
Cash YoY
+113%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£462k
↑ 113% YoY
Net Worth
£626k
↑ 55% YoY
Current Assets
£721k
↑ 16% YoY
Current Liabilities
£0£144k£288k£432k£576k£721kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£645.2k£409.5k
Current assets£720.5k£619.6k
Cash£462.4k£216.6k
Debtors£216.9k£352.0k
Net assets£626.4k£403.7k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-09-23
    🔓
    Charge satisfied #1
  5. 2024-08-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-08-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-07-30
    COCHRAN, Stephen resigned
    director
  10. 2023-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-06-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2016-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2010-09-09
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  19. 2007-06-06
    🏢
    Company incorporated
    As SOLWAY INSULATION SERVICES LIMITED
  20. 2007-06-06
    WEST, Eric appointed
    secretary
  21. 2007-06-06
    WEST, Eric appointed
    director
  22. 2007-06-06
    COCHRAN, Stephen appointed
    director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Yvonne West
Individual · British · DOB 01/1967 · age 59
2550%
25–50%25-50% shares · 25-50% voting06/08/2024
Mr Eric West
Individual · British · DOB 02/1966 · age 60
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Stephen Cochranceased 30/07/2023· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2007-06-06
Jurisdictionscotland
Primary SIC43290 — Other construction installation

Registered office

Unit 218c Heathhall Industrial Estate
Heathhall
Dumfries
DG1 3PH
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (2 active · 1 resigned)

WEST, Eric
secretary · appointed 2007-06-06
View their other companies + combined net worth →
Active
WEST, Eric
director · ~60y · appointed 2007-06-06
View their other companies + combined net worth →
Active
COCHRAN, Stephen
director · ~64y · appointed 2007-06-06 · resigned 2023-07-30
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property09/09/201023/09/2024

Recent filings (47 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-03
termination-director-company-with-name-termination-date
officers · TM01
2023-08-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13