LIONEL-MORGAN LIMITED
💤Zombieactive
00292827 · ltd · incorporated 1934-10-06
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£183.2k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 71-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 71). 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 (53/100).
🏦
Refinance opportunity
14 live charges · 4 lenders · oldest 57.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 57.4 years old — likely at or near maturity.
- · 4 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.
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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £183,200
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£12k
~ YoY
Net Worth
£183k
↑ 3.8% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £212.1k | £205.3k |
| Cash | £12.0k | £12.0k |
| Net assets | £183.2k | £176.4k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2025-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-04-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-01📄capital-cancellation-sharescapital · SH06
- 2015-10-01📄capital-return-purchase-own-sharescapital · SH03
- 2015-02-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-11-25🔓Charge satisfied #12
- 2008-11-25🔓Charge satisfied #11
- 2008-11-25🔓Charge satisfied #8
- 2008-11-25🔓Charge satisfied #7
- 2008-11-25🔓Charge satisfied #6
- 2008-11-25🔓Charge satisfied #4
- 2008-11-25🔓Charge satisfied #3
- 2005-01-25🔓Charge satisfied #1
- 2001-06-09🔓Charge satisfied #14
- 2000-06-23🔒Charge registered #14Lender: Hsbc Bank PLC
- 2000-05-05🔒Charge registered #13Lender: Hsbc Bank PLC
- 1999-12-01🔓Charge satisfied #2
- 1999-08-09🔒Charge registered #12Lender: Midland Bank PLC
- 1999-08-09🔒Charge registered #11Lender: Midland Bank PLC
- 1999-07-27🔓Charge satisfied #9
- 1999-07-21🔓Charge satisfied #5
- 1999-07-04🔒Charge registered #10Lender: Midland Bank PLC
- 1998-11-05➕DANIELS, Anthony Patrick appointedsecretary
- 1998-11-05➖ATKINSON, Neale Robert resignedsecretary
- 1998-11-05➖ATKINSON, Neale Robert resigneddirector
- 1996-12-04🔒Charge registered #9Lender: Barclays Bank PLC
- 1996-11-29🔒Charge registered #8Lender: Barclays Bank PLC
- 1994-12-31➖ATKINSON, Neale Robert resignedsecretary
- 1994-12-31➖DANIELS, Anita Jean resigneddirector
- 1991-02-21➕ATKINSON, Neale Robert appointedsecretary
- 1991-02-21➕DANIELS, Anita Jean appointeddirector
- 1976-04-23🔒Charge registered #7Lender: Barclays Bank PLC
- 1975-04-24🔒Charge registered #6Lender: Barclays Bank PLC
- 1974-07-25🔒Charge registered #5Lender: Barclays Bank PLC
- 1972-08-29🔒Charge registered #4Lender: Barclays Bank PLC
- 1972-02-08🔒Charge registered #3Lender: Barclays Bank PLC
- 1972-01-13🔒Charge registered #2Lender: Barclays Bank PLC
- 1969-01-14🔒Charge registered #1Lender: Martins Bank LTD
- 1934-10-06🏢Company incorporatedAs LIONEL-MORGAN LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 92 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Anita Jean Daniels Individual · British · DOB 07/1955 · age 71 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 · Property · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 9 EVESHAM ROAD RESIDENTS RIGHT TO MANAGE COMPANY LIMITED→ 10769608 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 9 PARK PLACE (CHELTENHAM) MANAGEMENT COMPANY LIMITED→ 02831414 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| A.C. AXIOM LTD.→ 04814504 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AA & CL PRICE LIMITED→ 13500723 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AAFW LIMITED→ 07666071 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AB & NL INVESTMENT LTD→ 14059140 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AB GALLERY LTD→ 12192966 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABACUS FINANCE LIMITED→ 01070785 · est 1972 · no financials extracted | — | — | — | — | 53y | — | — |
| ABACUS MANAGEMENT COMPANY (ROMNEY) LIMITED→ 11714897 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ABBEYHOLME STABLES LIMITED→ 13055459 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABBISEN LTD→ 13828091 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ABE ESTATES MANAGEMENT LTD→ 15515090 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1934-10-06
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Derwent 26 Sydenham Road
Cheltenham
Gloucestershire
GL52 6EA
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-01-06
Last: 2025-12-23
Officers (2 active · 4 resigned)
DANIELS, Anthony Patrick→
Activesecretary · appointed 1998-11-05
View their other companies + combined net worth →
Active
ATKINSON, Neale Robert→
Resignedsecretary · appointed 1991-02-21 · resigned 1994-12-31
ATKINSON, Neale Robert→
Resignedsecretary · resigned 1998-11-05
ATKINSON, Neale Robert→
Resigneddirector · ~68y · resigned 1998-11-05
DANIELS, Anita Jean→
Resigneddirector · ~71y · appointed 1991-02-21 · resigned 1994-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
2
Outstanding
2
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 23/06/2000 | 09/06/2001 | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 05/05/2000 | — | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 09/08/1999 | 25/11/2008 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 09/08/1999 | 25/11/2008 | |
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 04/07/1999 | — | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 04/12/1996 | 27/07/1999 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 29/11/1996 | 25/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 23/04/1976 | 25/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 24/04/1975 | 25/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 25/07/1974 | 21/07/1999 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 29/08/1972 | 25/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 08/02/1972 | 25/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/01/1972 | 01/12/1999 | |
| satisfied | Martins Bank Martins Bank LTD | Legal mortgage | 1 property | 14/01/1969 | 25/01/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (116 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-08