MORGAN EST RAIL LIMITED

⚰️Wound downliquidation
01391189 · ltd · incorporated 1978-09-27
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 46.3y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
36/100
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 36/100 (watch), bankability 30/100. Strong seller-intent signal (63/100, director aged 71). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

1 live charge · oldest 46.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 46.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
29 officers (3 active, 29 linked, 25 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
183 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
36/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
13
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (73 events)Click to expand
  1. 2024-07-31
    ⚠️
    order-of-court-restoration-previously-members-voluntary-liquidation
    insolvency · REST-MVL
  2. 2020-09-16
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  3. 2020-06-16
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · LIQ13
  4. 2019-10-23
    📍
    change-sail-address-company-with-new-address
    address · AD02
  5. 2019-10-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2019-10-18
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  7. 2019-10-18
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2019-10-18
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  9. 2019-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-08-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-08-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-06-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-10-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2015-08-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-06-23
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  17. 2015-06-23
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2014-07-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-07-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2014-06-11
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  21. 2014-06-11
    📄
    termination-secretary-company-with-name
    officers · TM02
  22. 2014-05-31
    ➕
    SHERIDAN, Clare appointed
    secretary
  23. 2014-05-31
    ➖
    NETTLESHIP, Isobel Mary resigned
    secretary
  24. 2014-01-14
    📄
    termination-director-company-with-name
    officers · TM01
  25. 2013-12-31
    ➕
    MORGAN, John Christopher appointed
    director
  26. 2013-12-31
    ➖
    WHITMORE, Paul resigned
    director
  27. 2013-07-18
    ➕
    CRUMMETT, Stephen Paul appointed
    director
  28. 2013-07-18
    ➖
    SKELDING, Neil resigned
    director
  29. 2013-02-25
    ➖
    MULLIGAN, David Kevin resigned
    director
  30. 2012-11-05
    ➖
    SMITH, Paul Raymond resigned
    director
  31. 2012-03-30
    ➖
    HIBBERT, Matthew resigned
    director
  32. 2012-03-30
    ➕
    SKELDING, Neil appointed
    director
  33. 2009-12-18
    ➖
    CUTLER, Mark Lloyd resigned
    director
  34. 2009-12-18
    ➖
    DUGGAN, Daniel Patrick resigned
    director
  35. 2009-12-18
    ➖
    ELLIS, John resigned
    director
  36. 2009-12-18
    ➖
    HOLMES, Stephen Anthony resigned
    director
  37. 2009-12-18
    ➖
    SELLARS, Michael John resigned
    director
  38. 2009-06-01
    ➕
    HIBBERT, Matthew appointed
    director
  39. 2008-03-31
    ➖
    NEW, Ronald Charles resigned
    director
  40. 2007-11-01
    ➖
    PIKE, William Moore resigned
    director
  41. 2006-07-25
    ➕
    ELLIS, John appointed
    director
  42. 2006-07-25
    ➕
    WHITMORE, Paul appointed
    director
  43. 2006-03-24
    ➖
    LAWRIE, Edwin John resigned
    secretary
  44. 2006-03-24
    ➕
    NETTLESHIP, Isobel Mary appointed
    secretary
  45. 2006-03-24
    ➖
    BOYLE, Charles Anthonty resigned
    director
  46. 2006-03-24
    ➖
    COLLINS, Anthony Edward resigned
    director
  47. 2006-03-24
    ➕
    CUTLER, Mark Lloyd appointed
    director
  48. 2006-03-24
    ➖
    MCLELLAN, Colin Warnock resigned
    director
  49. 2006-03-24
    ➕
    MULLIGAN, David Kevin appointed
    director
  50. 2006-03-24
    ➕
    SMITH, Paul Raymond appointed
    director
Showing most recent 50 of 73 events

Owner dependency

88/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MORGAN" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

84/100
Likely off-market candidate

Strong 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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2020-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2020-07-29

Company in liquidation
high

Company is actively being wound up. Not a going concern.

5 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-07-31: order-of-court-restoration-previously-members-voluntary-liquidation; 2020-09-16: gazette-dissolved-liquidation

Group structure

Ms (Mest) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ms (Mest) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MORGAN EST RAIL LIMITED
This company · 01391189

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms (Mest) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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

Statusliquidation
Typeltd
Incorporated1978-09-27
Jurisdictionengland-wales
Primary SIC41201 — Construction of commercial buildings

Registered office

C/O Mazars Llp Tower Bridge House
St Katharines Way
London
E1W 1DD

Filing status

Accounts
Next due: 2020-12-31OVERDUE
Last made up to: 2018-12-31
Confirmation statement
Next due: 2020-07-29OVERDUE
Last: 2019-06-17

Officers (3 active · 26 resigned)

SHERIDAN, Clare→
secretary · appointed 2014-05-31
View their other companies + combined net worth →
Active
CRUMMETT, Stephen Paul→
director · ~61y · appointed 2013-07-18
View their other companies + combined net worth →
Active
MORGAN, John Christopher→
director · ~71y · appointed 2013-12-31
View their other companies + combined net worth →
Active
KNOX, Linda Marion→
secretary · resigned 2001-01-12
Resigned
LAWRIE, Edwin John→
secretary · appointed 2001-01-12 · resigned 2006-03-24
Resigned
NETTLESHIP, Isobel Mary→
secretary · appointed 2006-03-24 · resigned 2014-05-31
Resigned
BOYLE, Charles Anthonty→
director · ~75y · appointed 2000-01-27 · resigned 2006-03-24
Resigned
CLOUGH, Vernon Michael→
director · ~84y · resigned 2004-05-01
Resigned
COLLINS, Anthony Edward→
director · ~70y · appointed 2001-10-16 · resigned 2006-03-24
Resigned
CUTLER, Mark Lloyd→
director · ~58y · appointed 2006-03-24 · resigned 2009-12-18
Resigned
DALIDAY, Alan George→
director · ~82y · appointed 1992-11-05 · resigned 2000-01-27
Resigned
DUGGAN, Daniel Patrick→
director · ~69y · appointed 1998-04-02 · resigned 2009-12-18
Resigned
ELLIS, John→
director · ~67y · appointed 2006-07-25 · resigned 2009-12-18
Resigned
EYRE, David Alan→
director · ~88y · appointed 2002-07-18 · resigned 2003-04-30
Resigned
HIBBERT, Matthew→
director · ~60y · appointed 2009-06-01 · resigned 2012-03-30
Resigned
HOLMES, Stephen Anthony→
director · ~61y · appointed 2004-05-01 · resigned 2009-12-18
Resigned
JUKES, Robert James→
director · ~88y · appointed 2000-01-27 · resigned 2001-10-16
Resigned
MABEY, Bevil Guy→
director · ~110y · resigned 1996-04-17
Resigned
MABEY, David Guy→
director · ~65y · appointed 1994-09-01 · resigned 2000-01-27
Resigned
MCLELLAN, Colin Warnock→
director · ~83y · appointed 2000-01-27 · resigned 2006-03-24
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
Virgin Money
Clydesdale Bank Limited
Charge1 property30/01/198026/10/1993

Recent filings (183 total)

order-of-court-restoration-previously-members-voluntary-liquidation
insolvency · REST-MVL
2024-07-31
gazette-dissolved-liquidation
gazette · GAZ2
2020-09-16
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2020-06-16
change-sail-address-company-with-new-address
address · AD02
2019-10-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-10-21
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2019-10-18
resolution
resolution · RESOLUTIONS
2019-10-18
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2019-10-18
accounts-with-accounts-type-dormant
accounts · AA
2019-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-17
accounts-with-accounts-type-dormant
accounts · AA
2018-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2018-06-18
accounts-with-accounts-type-dormant
accounts · AA
2017-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-21
accounts-with-accounts-type-dormant
accounts · AA
2016-08-17