MORRIS M LAPSLEY LIMITED
🌳Matureactive
SC092898 · ltd · incorporated 1985-04-18
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 Apr 2025
Net worth
£46.9k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 33140
Sector: Manufacturing
ALSO REGISTERED FOR
- 33200SIC 33200
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 13.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.4 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 (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 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 declaredPositive net assets
Net assets £46,855
Net assets shrinking
Down £25,808 YoY
Cash YoY
-28%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£60k
↓ 28% YoY
Net Worth
£47k
↓ 36% YoY
Current Assets
£133k
↓ 2.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £109.4k | £149.2k |
| Current assets | £133.3k | £136.5k |
| Cash | £60.0k | £83.7k |
| Debtors | £65.3k | £44.8k |
| Net assets | £46.9k | £72.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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 (19 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-01-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-01-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-04-03➕LAPSLEY, Jill appointeddirector
- 2012-11-29🔒Charge registered #1Lender: Bank of Scotland PLC
- 2000-07-01➕LAPSLEY, Stuart Morris appointeddirector
- 1985-04-18🏢Company incorporatedAs MORRIS M LAPSLEY LIMITED
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
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "LAPSLEY" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
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 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stuart Morris Lapsley Individual · British · DOB 11/1971 · age 55 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Morris Milburn Lapsleyceased 11/05/2018· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| MEHCO PETROLEUM SERVICES LIMITED→ SC606082 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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| MODULEX SCOTLAND LTD→ SC748383 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MONKEY BARREL RECORDS LTD→ SC658526 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MOO AND YOO LTD→ SC584480 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MTC GAMES LTD→ SC757561 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| MTM CONCEPTS LTD→ SC707470 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| NANO-LIT TECHNOLOGIES LIMITED→ SC455717 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| NEOW LIMITED→ SC485486 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| NEXT DAY LABELS LTD→ SC777658 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NOVA INNOVATION LTD→ SC358996 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
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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
Incorporated1985-04-18
Jurisdictionscotland
Primary SIC33140 — SIC 33140
Registered office
19 Lasswade Road
Edinburgh
EH16 6JB
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20
Officers (5 active · 0 resigned)
Active
Active
LAPSLEY, Jill→
Activedirector · ~55y · appointed 2013-04-03
View their other companies + combined net worth →
Active
LAPSLEY, Stuart Morris→
Activedirector · ~55y · appointed 2000-07-01
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 29/11/2012 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (109 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-30