A MORGAN & CO LIMITED

💤Zombieactive
05107269 · ltd · incorporated 2004-04-20
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 Apr 2025
Net worth
£25.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 66). 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 10.0y

45/100
under pressure

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

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
60 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 £25,548

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£26k
↑ 40% YoY
Current Assets
£16k
↓ 63% YoY
Current Liabilities
—
£0£9k£18k£27k£35k£44kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£209.9k£210.1k
Current assets£16.3k£44.2k
Net assets£25.5k£18.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-05-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-04-10
    ➖
    RICE, Treacy Ann resigned
    director
  4. 2026-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-04-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-01-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-07-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2016-07-29
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  17. 2016-05-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-04-01
    ➖
    PENRY, Daryl resigned
    director
  19. 2009-10-01
    ➕
    MORGAN, Andrew appointed
    director
  20. 2004-04-20
    🏢
    Company incorporated
    As A MORGAN & CO LIMITED
  21. 2004-04-20
    ➕
    MORGAN, Andrew appointed
    secretary
  22. 2004-04-20
    ➕
    FORMATION SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  23. 2004-04-20
    ➖
    FORMATION SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  24. 2004-04-20
    ➕
    PENRY, Daryl appointed
    director
  25. 2004-04-20
    ➕
    RICE, Treacy Ann appointed
    director
  26. 2004-04-20
    ➕
    FORMATION NOMINEES LIMITED appointed
    corporate-nominee-director
  27. 2004-04-20
    ➖
    FORMATION NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "MORGAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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 22 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Andrew Morgan
Individual · British · DOB 04/1960 · age 66
50–75%
50–75%board control50-75% shares · 50-75% voting · board control20/12/2022
1 historic (ceased) PSC
  • Miss Treacy Ann Riceceased 10/04/2026· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2004-04-20
Jurisdictionengland-wales
Primary SIC69201 — Accounting and auditing activities

Registered office

Manor Oaks
48 Mumbles Road
Swansea
SA3 5AU

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-04
Last: 2026-04-20

Officers (2 active · 4 resigned)

MORGAN, Andrew→
secretary · appointed 2004-04-20
View their other companies + combined net worth →
Active
MORGAN, Andrew→
director · ~66y · appointed 2009-10-01
View their other companies + combined net worth →
Active
FORMATION SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-04-20 · resigned 2004-04-20
Resigned
PENRY, Daryl→
director · ~68y · appointed 2004-04-20 · resigned 2013-04-01
Resigned
RICE, Treacy Ann→
director · ~61y · appointed 2004-04-20 · resigned 2026-04-10
Resigned
FORMATION NOMINEES LIMITED→
corporate-nominee-director · appointed 2004-04-20 · resigned 2004-04-20
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property29/07/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-12
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-29