MORRISON ASSOCIATES (NI) LIMITED

🌳Matureactive
NI046616 · ltd · incorporated 2003-05-23
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
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£175.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

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
Confirmed no charges registered
85
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £175,763
Cash YoY
+56%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£35k
↑ 56% YoY
Net Worth
£176k
↑ 10% YoY
Current Assets
£199k
↑ 8.5% YoY
Current Liabilities
—
£0£40k£80k£119k£159k£199kMar 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£177.7k£160.9k
Current assets£198.9k£183.4k
Cash£34.6k£22.2k
Debtors£164.2k£161.2k
Net assets£175.8k£159.5k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-12-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-08-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2023-07-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-03-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2022-01-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2022-01-11
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2022-01-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-01-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-01-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-01-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2022-01-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2022-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-12-01
    ➕
    DICKSON, Margaret Ruth appointed
    secretary
  17. 2021-12-01
    ➕
    DICKSON, Margaret Ruth appointed
    director
  18. 2021-12-01
    ➕
    DICKSON, William Andrew Ashley appointed
    director
  19. 2021-12-01
    ➕
    MITCHEL, Gavin Russel appointed
    director
  20. 2021-12-01
    ➖
    ARMSTRONG, Sharon resigned
    secretary
  21. 2021-12-01
    ➖
    ARMSTRONG, Sharon resigned
    director
  22. 2021-12-01
    ➖
    MORRISON, Eric resigned
    director
  23. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2020-11-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2020-11-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2020-08-19
    ➖
    MORRISON, William John resigned
    director
  28. 2008-10-31
    ➕
    MORRISON, Eric appointed
    director
  29. 2003-05-23
    🏢
    Company incorporated
    As MORRISON ASSOCIATES (NI) LIMITED
  30. 2003-05-23
    ➕
    ARMSTRONG, Sharon appointed
    secretary
  31. 2003-05-23
    ➕
    ARMSTRONG, Sharon appointed
    director
  32. 2003-05-23
    ➕
    MORRISON, William John appointed
    director
  33. 2003-05-23
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  34. 2003-05-23
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Dickson & Co (Ni) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Dickson & Co (Ni) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MORRISON ASSOCIATES (NI) LIMITED
This company · NI046616

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
Dickson & Co (Ni) Limited
Corporate entity
75–100%
—75-100% shares01/12/2021
3 historic (ceased) PSCs
  • Mrs Sharon Armstrongceased 01/12/2021· 25-50% shares
  • Mr Eric Morrisonceased 01/12/2021· 25-50% shares
  • Mr William John Morrisonceased 19/08/2020· 25-50% shares

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 · Financial services · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
SEOPA LTD→
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£34.63M
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£32.38M—750023y9051y
WILLIS & COMPANY (INSURANCE BROKERS) LIMITED→
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£21.84M
£15.89M–£27.80M
——980029y8781y
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£716.5k
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——823y8361y
ACKER DEVELOPMENTS LIMITED→
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————32y8360y
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————28y8367y
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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
Incorporated2003-05-23
Jurisdictionnorthern-ireland
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Millennium House
36 Newtowne Square
Limavady
County Londonderry
BT49 0FL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-06
Last: 2025-05-23

Officers (4 active · 5 resigned)

DICKSON, Margaret Ruth→
secretary · appointed 2021-12-01
View their other companies + combined net worth →
Active
DICKSON, Margaret Ruth→
director · ~66y · appointed 2021-12-01
View their other companies + combined net worth →
Active
DICKSON, William Andrew Ashley→
director · ~57y · appointed 2021-12-01
View their other companies + combined net worth →
Active
MITCHEL, Gavin Russel→
director · ~57y · appointed 2021-12-01
View their other companies + combined net worth →
Active
ARMSTRONG, Sharon→
secretary · appointed 2003-05-23 · resigned 2021-12-01
Resigned
ARMSTRONG, Sharon→
director · ~68y · appointed 2003-05-23 · resigned 2021-12-01
Resigned
MORRISON, Eric→
director · ~65y · appointed 2008-10-31 · resigned 2021-12-01
Resigned
MORRISON, William John→
director · ~87y · appointed 2003-05-23 · resigned 2020-08-19
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2003-05-23 · resigned 2003-05-23
Resigned

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

Recent filings (74 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-small
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-small
accounts · AA
2023-12-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-08-29
accounts-with-accounts-type-small
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-07
appoint-person-director-company-with-name-date
officers · AP01
2022-01-11
appoint-person-secretary-company-with-name-date
officers · AP03
2022-01-11
appoint-person-director-company-with-name-date
officers · AP01
2022-01-11
appoint-person-director-company-with-name-date
officers · AP01
2022-01-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-01-11