A & L MORGAN LTD

🌳Matureactive
06027544 · ltd · incorporated 2006-12-13
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
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Turnover
year to Mar 2025
Net worth
£3.54M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 01420
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -53% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 7.9y

45/100
under pressure

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

  • · Oldest live charge is 7.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
59 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 £3,536,209
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£37k
↓ 53% YoY
Net Worth
£3.5m
↑ 21% YoY
Current Assets
£2.8m
↑ 23% YoY
Current Liabilities
£0£707k£1.4m£2.1m£2.8m£3.5mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£4.70M£3.98M
Current assets£2.82M£2.30M
Cash£36.7k£77.6k
Debtors£981.5k£796.8k
Net assets£3.54M£2.91M

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-16
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-04-16
    📄
    capital-name-of-class-of-shares
    capital · SH08
  4. 2025-04-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-04-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-04-04
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  11. 2022-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-08-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-07-18
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  17. 2017-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-05-04
    📄
    capital-allotment-shares
    capital · SH01
  19. 2017-03-31
    MORGAN, Diane Maud appointed
    director
  20. 2011-09-30
    MORGAN, James Bernard appointed
    director
  21. 2008-04-08
    MORGAN, Alfred resigned
    director
  22. 2006-12-13
    🏢
    Company incorporated
    As A & L MORGAN LTD
  23. 2006-12-13
    MORGAN, Leslie Brian appointed
    secretary
  24. 2006-12-13
    MORGAN, Leslie Brian appointed
    director
  25. 2006-12-13
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  26. 2006-12-13
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  27. 2006-12-13
    MORGAN, Alfred appointed
    director
  28. 2006-12-13
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  29. 2006-12-13
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director

Owner dependency

98/100
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
  • +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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100
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 72 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Bernard Morgan
Individual · British · DOB 07/1992 · age 34
75100%
75-100% shares24/03/2025
1 historic (ceased) PSC
  • Mr Leslie Brian Morganceased 24/03/2025· 75-100% shares · 75-100% voting

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

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
Incorporated2006-12-13
Jurisdictionengland-wales
Primary SIC01420 — SIC 01420

Registered office

Landynod Farm
Winslow
Bromyard
Herefordshire
HR7 4LS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (4 active · 3 resigned)

MORGAN, Leslie Brian
secretary · appointed 2006-12-13
View their other companies + combined net worth →
Active
MORGAN, Diane Maud
director · ~66y · appointed 2017-03-31
View their other companies + combined net worth →
Active
MORGAN, James Bernard
director · ~34y · appointed 2011-09-30
View their other companies + combined net worth →
Active
MORGAN, Leslie Brian
director · ~72y · appointed 2006-12-13
View their other companies + combined net worth →
Active
SWIFT INCORPORATIONS LIMITED
corporate-nominee-secretary · appointed 2006-12-13 · resigned 2006-12-13
Resigned
MORGAN, Alfred
director · ~103y · appointed 2006-12-13 · resigned 2008-04-08
Resigned
INSTANT COMPANIES LIMITED
corporate-nominee-director · appointed 2006-12-13 · resigned 2006-12-13
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property04/04/2022
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge18/07/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
resolution
resolution · RESOLUTIONS
2025-04-16
capital-name-of-class-of-shares
capital · SH08
2025-04-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14