SOLWAY CATERING DISTRIBUTIONS LIMITED

💤Zombieactive
SC352555 · ltd · incorporated 2008-12-15
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 Dec 2024
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). 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).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
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 employees7400

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-22
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2023-02-22
    📄
    memorandum-articles
    incorporation · MA
  6. 2023-02-22
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-01-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-01-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-12-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-12-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  12. 2022-11-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2022-08-18
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  14. 2022-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2009-09-28
    AKDENIZ, Tayfun resigned
    director
  19. 2009-09-15
    AKDENIZ, Mehmet appointed
    director
  20. 2008-12-15
    🏢
    Company incorporated
    As SOLWAY CATERING DISTRIBUTIONS LIMITED
  21. 2008-12-15
    AKDENIZ, Tayfun 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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — 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 59. 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 17 years.
  • secondaryStable-but-static management: Company is 17 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 Refika Yeliz Akdeniz
Individual · British · DOB 06/1976 · age 50
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Mehmet Akdeniz
Individual · British · DOB 08/1967 · age 59
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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
Incorporated2008-12-15
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

121a Central Avenue
Gretna
Dumfries & Galloway
DG16 5AQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28

Officers (1 active · 1 resigned)

AKDENIZ, Mehmet
director · ~59y · appointed 2009-09-15
View their other companies + combined net worth →
Active
AKDENIZ, Tayfun
director · ~63y · appointed 2008-12-15 · resigned 2009-09-28
Resigned

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

Recent filings (48 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-02
capital-name-of-class-of-shares
capital · SH08
2023-02-22
memorandum-articles
incorporation · MA
2023-02-22
resolution
resolution · RESOLUTIONS
2023-02-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-04
change-person-director-company-with-change-date
officers · CH01
2022-12-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-19