MORRIS LESLIE LIMITED
🌳Matureactive
SC092397 · ltd · incorporated 1985-03-25
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 71-year-old founder — textbook succession opportunity.
Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).
🏦
Refinance opportunity
33 live charges · 10 lenders · oldest 39.6y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 39.6 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (83/100)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
33 charges (33/33 with lender, 33/33 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
168 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £11,636,059
Turned profitable
Returned to profit this year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Profit before tax | £11.64M | £-659.4k |
| Average employees | 41 | 4000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 (78 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-08-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-31📄accounts-with-accounts-type-groupaccounts · AA
- 2023-12-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-19📄statement-of-companys-objectschange-of-constitution · CC04
- 2023-12-19📄memorandum-articlesincorporation · MA
- 2023-12-19📄resolutionresolution · RESOLUTIONS
- 2023-12-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-02📄accounts-with-accounts-type-groupaccounts · AA
- 2021-09-06📄accounts-with-accounts-type-groupaccounts · AA
- 2021-05-04📄accounts-with-accounts-type-groupaccounts · AA
- 2020-02-03📄accounts-with-accounts-type-groupaccounts · AA
- 2019-06-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-03-07🔒Charge registered #33Lender: Hsbc UK Bank PLC
- 2018-06-12🔓Charge satisfied #13
- 2018-06-12🔓Charge satisfied #11
- 2018-06-12🔓Charge satisfied #8
- 2018-06-08🔓Charge satisfied #7
- 2018-06-06🔒Charge registered #32Lender: Hsbc Bank PLC
- 2018-06-06🔒Charge registered #31Lender: Hsbc Bank PLC
- 2018-06-06🔒Charge registered #30Lender: Hsbc Bank PLC
- 2018-06-02🔓Charge satisfied #12
- 2018-06-02🔓Charge satisfied #10
- 2018-06-02🔓Charge satisfied #9
- 2018-05-31🔒Charge registered #29Lender: Hsbc Bank PLC
- 2018-05-31🔒Charge registered #28Lender: Hsbc Bank PLC
- 2018-05-29🔓Charge satisfied #18
- 2018-05-29🔓Charge satisfied #17
- 2018-05-29🔓Charge satisfied #6
- 2018-05-26🔓Charge satisfied #16
- 2018-05-26🔓Charge satisfied #15
- 2018-05-26🔓Charge satisfied #14
- 2018-05-23🔓Charge satisfied #19
- 2018-05-23🔓Charge satisfied #5
- 2018-05-23🔓Charge satisfied #3
- 2018-05-23🔓Charge satisfied #2
- 2018-05-22🔓Charge satisfied #4
- 2018-02-08🔓Charge satisfied #26
- 2018-02-06🔒Charge registered #27Lender: Clydesdale Bank PLC
- 2017-12-08🔒Charge registered #26Lender: Clydesdale Bank PLC
- 2017-05-19➖LENNOX, Neil William James resignedsecretary
- 2017-05-19➖LENNOX, Neil William James resigneddirector
- 2017-03-30🔒Charge registered #25Lender: Clydesdale Bank PLC
- 2017-03-30🔒Charge registered #24Lender: Clydesdale Bank PLC
- 2017-03-30🔒Charge registered #23Lender: Clydesdale Bank PLC
Showing most recent 50 of 78 events
Owner dependency
88/100
Critical — business is the founderThe 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 "LESLIE" — strong identity link between founder and business.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
81/100
Likely off-market candidateStrong 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.
- secondaryStable-but-static management: Company is 41 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
13 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Morris Leslie Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Morris Leslie Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
MORRIS LESLIE LIMITED
This company · SC092397
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Morris Leslie Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/12/2023 |
1 historic (ceased) PSC
- Mr Morris Young Leslieceased 17/12/2023· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
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 · Property · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CARE DEVELOPMENTS LIMITED→ SC232613 · est 2002 | £84.0k £71.4k–£96.6k | — | £84.0k | — | 23y | 83 | 76y |
| 5-S CONSTRUCTION LIMITED→ SC312100 · est 2006 | £66.8k £56.8k–£76.9k | — | £66.8k | — | 19y | 83 | 62y |
| ALBERT PLACE PROPERTIES LIMITED→ SC299672 · est 2006 | — | — | — | — | 20y | 83 | 74y |
| SECOND COAST LIMITED→ SC681818 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SMURRANLEY INVESTMENTS LTD→ SC713971 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| SPROG HOLDINGS LTD→ SC835035 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| STRATHALLAN PROPERTIES LTD→ SC711443 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THE CAIRN PARTNERSHIP LIMITED→ SC286211 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| TRAMPS LIKE US LTD→ SC858533 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TRESCORP LIMITED→ SC111612 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| WASTED DEGREES HOLDINGS LTD→ SC766712 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| WAYNE ROBERTSON PROPERTIES LIMITED→ SC656399 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1985-03-25
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
1st Floor South Inch Business Centre
Shore Road
Perth
PH2 8BW
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18
Officers (2 active · 3 resigned)
Active
OGILVIE, Graham Robert→
Activedirector · ~54y · appointed 2015-10-08
View their other companies + combined net worth →
LENNOX, Neil William James→
Resignedsecretary · appointed 2015-11-09 · resigned 2017-05-19
LESLIE, Joyce Charlotte→
Resignedsecretary · resigned 2015-11-09
LENNOX, Neil William James→
Resigneddirector · ~67y · appointed 2015-09-23 · resigned 2017-05-19
Click a director name to see their full track record across all companies.
Mortgages & charges
33
Total charges
13
Outstanding
4
Active lenders
Status:Lender:33 of 33 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 07/03/2019 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 06/06/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 06/06/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 06/06/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 3 properties | 31/05/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 31/05/2018 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 06/02/2018 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 08/12/2017 | 08/02/2018 | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 30/03/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 3 properties | 30/03/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 30/03/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 23/12/2016 | — | |
| outstanding | Technical & General Guarantee Company Sa | A registered charge | — | 19/09/2013 | — | |
| outstanding | Morris Leslie Retirement Benefits Scheme Morris Leslie Limited Retirement Benefits Scheme | Standard security | 1 property | 13/10/2011 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 05/10/2011 | 23/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 05/10/2011 | 29/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 05/10/2011 | 29/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Legal charge | 1 property | 28/09/2011 | 26/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Legal charge | 1 property | 28/09/2011 | 26/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Legal charge | 1 property | 28/09/2011 | 26/05/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/07/2007 | 12/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 09/05/2005 | 02/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 02/08/2004 | 12/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 2 properties | 16/03/2004 | 02/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 2 properties | 16/03/2004 | 02/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 24/12/2002 | 12/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 11/10/2002 | 08/06/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 30/12/1998 | 29/05/2018 | |
| satisfied | Livestock Services (UK) Livestock Services (UK) Limited | Standard security | 1 property | 30/12/1998 | 23/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 10/03/1997 | 22/05/2018 | |
| satisfied | Perth Airport Perth Airport Limited | Standard security | 1 property | 10/03/1997 | 23/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 04/12/1989 | 23/05/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/09/1986 | 18/07/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (168 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-full
accounts · AA
2025-12-22
accounts-with-accounts-type-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-19
change-person-director-company-with-change-date
officers · CH01
2024-08-07
change-person-director-company-with-change-date
officers · CH01
2024-08-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-08-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-02
accounts-with-accounts-type-group
accounts · AA
2024-01-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-19
statement-of-companys-objects
change-of-constitution · CC04
2023-12-19
memorandum-articles
incorporation · MA
2023-12-19
resolution
resolution · RESOLUTIONS
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-18