A & L MORGAN LTD
- · Thesis: well-run, low negotiation leverage
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
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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| 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.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (29 events)Click to expand
- 2025-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-16📄resolutionresolution · RESOLUTIONS
- 2025-04-16📄capital-name-of-class-of-sharescapital · SH08
- 2025-04-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-04🔒Charge registered #2Lender: Lloyds Bank PLC
- 2022-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-07-18🔒Charge registered #1Lender: Lloyds Bank PLC
- 2017-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-05-04📄capital-allotment-sharescapital · SH01
- 2017-03-31➕MORGAN, Diane Maud appointeddirector
- 2011-09-30➕MORGAN, James Bernard appointeddirector
- 2008-04-08➖MORGAN, Alfred resigneddirector
- 2006-12-13🏢Company incorporatedAs A & L MORGAN LTD
- 2006-12-13➕MORGAN, Leslie Brian appointedsecretary
- 2006-12-13➕MORGAN, Leslie Brian appointeddirector
- 2006-12-13➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2006-12-13➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2006-12-13➕MORGAN, Alfred appointeddirector
- 2006-12-13➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
- 2006-12-13➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Bernard Morgan Individual · British · DOB 07/1992 · age 34 | 75–100% | — | 75-100% shares | 24/03/2025 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (4 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 04/04/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 18/07/2018 | — |