SOLWAY PRECAST PRODUCTS LTD.

🌳Matureactive

SC426209 · ltd · incorporated 2012-06-14

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

£1.58M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 23610

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 13.6y

15/100

under pressure

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

· Oldest live charge is 13.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

9 officers (5 active, 9 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

1 connected companies via shared directors

Filing history

58 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £1,579,852

Cash draining

Cash down 46% YoY

Cash YoY

-46%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£271k

↓ 46% YoY

Net Worth

£1.6m

↑ 4.3% YoY

Current Assets

£2.0m

↓ 7.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£2.04M	£2.16M
Current assets	£2.04M	£2.19M
Cash	£270.5k	£502.7k
Debtors	£1.14M	£1.00M
Net assets	£1.58M	£1.51M

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2025-07-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-16
➕
DONNELLY, Sally Jane appointed
director
2024-12-16
➕
KOSAK, Richard appointed
director
2024-12-16
➕
SMITH, Matthew appointed
director
2024-12-16
➕
WALTON, Gregory Alan Douglas appointed
director
2024-07-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
📄
capital-return-purchase-own-shares
capital · SH03
2023-11-07
📄
capital-return-purchase-own-shares
capital · SH03
2023-10-20
📄
capital-name-of-class-of-shares
capital · SH08
2023-10-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-04
🔓
Charge satisfied #1
2023-09-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-07-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-06
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) (SC001111)
2023-02-02
➖
MURDOCH, David William resigned
director
2023-02-01
➖
BARR, John Drummond resigned
director
2022-12-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-21
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
2022-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-28
🔓
Charge satisfied #2
2012-09-27
🔒
Charge registered #2
Lender: West of Scotland Loan Fund
2012-09-26
🔒
Charge registered #1
Lender: John Drummond Barr
2012-06-14
🏢
Company incorporated
As SOLWAY PRECAST PRODUCTS LTD.
2012-06-14
➕
GILLON, Andrew James appointed
director
2012-06-14
➕
BRIAN REID LTD. appointed
corporate-secretary
2012-06-14
➖
BRIAN REID LTD. resigned
corporate-secretary
2012-06-14
➕
BARR, John Drummond appointed
director
2012-06-14
➕
MABBOTT, Stephen George appointed
director
2012-06-14
➖
MABBOTT, Stephen George resigned
director
2012-06-14
➕
MURDOCH, David William appointed
director

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 14 years.
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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Andrew James Gillon Individual · British · DOB 10/1962 · age 64	—	—	sig. influencesignificant influence	06/04/2016

2 historic (ceased) PSCs

Mr David William Murdochceased 02/02/2023· significant influence
Mr John Drummond Barrceased 01/02/2023· 50-75% 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 →

Similar companies

Active · Manufacturing · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
VERACITY UK LIMITED→ SC291812 · est 2005	£7.42M £5.77M–£9.06M	—	—	46	20y	85	70y
CHEMTEC UK LIMITED→ SC276983 · est 2004	£5.02M £3.90M–£6.13M	—	—	2300	21y	90	57y
GMSS HOLDINGS LIMITED→ SC478614 · est 2014	£2.25M £1.75M–£2.75M	—	—	0	11y	84	61y
AEROFORMA TECHNOLOGIES (NORTH) LIMITED→ SC123036 · est 1990	—	—	—	47	36y	83	75y
ATLAS (SCOTLAND) LIMITED→ SC260329 · est 2003	—	—	£583.3k	—	22y	83	66y
AYRSHIRE BLINDS LIMITED→ SC090647 · est 1984	—	—	£199.3k	—	41y	83	81y
BOAT ELECTRICS & ELECTRONICS LIMITED→ SC066331 · est 1978	—	—	£396.3k	—	47y	83	60y
BRODIE ENGINEERING LIMITED→ SC163999 · est 1996	—	—	—	9600	30y	83	60y
CAPITAL STEEL LIMITED→ SC275258 · est 2004	—	—	£1.45M	—	21y	83	70y
GIRARD INDUSTRIES EUROPE LIMITED→ SC101084 · est 1986	—	—	£389.5k	—	39y	83	73y
KENNEDYSMITH (PRESS) LIMITED→ SC186009 · est 1998	—	—	—	7200	27y	83	66y
ADELPHI ENGINEERING & CONSTRUCTION LIMITED→ SC185137 · est 1998	—	—	—	11	28y	82	65y

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

Incorporated2012-06-14

Jurisdictionscotland

Primary SIC23610 — SIC 23610

Registered office

Braehead

Barrhill

Girvan

Ayrshire

KA26 0QR

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-06-28

Last: 2025-06-14