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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£46.9k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 33140

Sector: Manufacturing

ALSO REGISTERED FOR

33200SIC 33200

Investor take

Pursue

Active 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 13.6y

45/100

under pressure

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

· Oldest live charge is 13.6 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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (5 active, 5 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

109 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £46,855

Net assets shrinking

Down £25,808 YoY

Cash YoY

-28%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£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

filings

Last 90 days

filings

Last 180 days

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-full
accounts · AA
2025-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-24
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-01-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-01-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-19
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-04-03
➕
LAPSLEY, Jill appointed
director
2012-11-29
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2000-07-01
➕
LAPSLEY, Stuart Morris appointed
director
1985-04-18
🏢
Company incorporated
As MORRIS M LAPSLEY LIMITED

Owner dependency

88/100

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

-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 candidate

Strong 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

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

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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EUROSTAMPA UK LTD→ SC024552 · est 1946	£218.8k £170.2k–£267.5k	—	—	200	79y	85	83y
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CLOCKHOUSE FURNITURE LIMITED→ SC281686 · est 2005	—	—	£778.1k	—	21y	83	75y
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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.

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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)

LAPSLEY, Morris Milburn→

secretary

View their other companies + combined net worth →

Active

LAPSLEY, Agnes Elizabeth→

director · ~80y

View their other companies + combined net worth →

Active

LAPSLEY, Jill→

director · ~55y · appointed 2013-04-03

View their other companies + combined net worth →

Active

LAPSLEY, Morris Milburn→

director · ~79y

View their other companies + combined net worth →

Active

LAPSLEY, Stuart Morris→

director · ~55y · appointed 2000-07-01

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

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.