WENDY MORRISON DESIGN LIMITED
🌳Matureactive
SC313838 · ltd · incorporated 2006-12-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-790.7k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 74100Specialised design activities
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -90% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 4.9y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £790,660
Cash draining
Cash down 90% YoY
Cash YoY
-90%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£18k
↓ 90% YoY
Net Worth
-£791k
↓ 241% YoY
Current Assets
£302k
↓ 35% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-188.1k | £242.0k |
| Current assets | £301.9k | £464.1k |
| Cash | £18.2k | £186.0k |
| Debtors | £179.1k | £157.0k |
| Net assets | £-790.7k | £-232.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 address
Last 90 days
1
filing
- • 1 address
Last 180 days
2
filings
- • 1 address
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-05-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-18📄resolutionresolution · RESOLUTIONS
- 2023-10-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-17📄capital-allotment-sharescapital · SH01
- 2023-10-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-03📄memorandum-articlesincorporation · MA
- 2023-10-03📄resolutionresolution · RESOLUTIONS
- 2023-05-25📄capital-allotment-sharescapital · SH01
- 2023-05-24📄capital-alter-shares-subdivisioncapital · SH02
- 2023-05-15📄memorandum-articlesincorporation · MA
- 2023-05-15📄resolutionresolution · RESOLUTIONS
- 2023-03-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-16🔒Charge registered #2Lender: Sass Reviews Limited
- 2022-05-03🔓Charge satisfied #1
- 2021-06-15🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2015-03-31➕MORRISON, Gregor appointeddirector
- 2014-04-15➖MORRISON, Gregor resigneddirector
- 2013-01-01➖DONALD, Rebecca resignedsecretary
- 2006-12-21🏢Company incorporatedAs WENDY MORRISON DESIGN LIMITED
- 2006-12-21➕MORRISON, Wendy appointeddirector
- 2006-12-21➕DONALD, Rebecca appointedsecretary
- 2006-12-21➕MORRISON, Gregor appointeddirector
Owner dependency
91/100
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 "MORRISON" — 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gregor Morrison Individual · Scottish · DOB 12/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/12/2016 |
Mrs Wendy Morrison Individual · Scottish · DOB 07/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PENTLAND KITCHENS LIMITED→ SC307579 · est 2006 | £710.4k £532.8k–£888.0k | — | — | 2000 | 19y | 83 | 63y |
| M&F FUNERAL SERVICES LIMITED→ SC365033 · est 2009 | £671.4k £503.6k–£839.3k | — | — | 1400 | 16y | 88 | 61y |
| LYON & TURNBULL LIMITED→ SC191166 · est 1998 | £551.7k £413.8k–£689.6k | — | — | 75 | 27y | 85 | 77y |
| FESTIVAL FRINGE TRADING LIMITED→ SC130813 · est 1991 | £497.4k £373.1k–£621.8k | — | — | 0 | 35y | 85 | 77y |
| DRINX.COM LIMITED→ SC203859 · est 2000 | — | — | £353.7k | — | 26y | 83 | 63y |
| GLASGOW ARCHITECTURAL SALVAGE LIMITED→ SC248258 · est 2003 · no financials extracted | — | — | — | — | 23y | 83 | 58y |
| GLENTERRIN LIMITED→ SC116076 · est 1989 | — | — | — | 7100 | 37y | 83 | 64y |
| GRAHAM TISO LIMITED→ SC081944 · est 1983 · no financials extracted | — | — | — | — | 43y | 83 | 60y |
| NGS TRADING COMPANY LIMITED→ SC312797 · est 2006 · no financials extracted | — | — | — | — | 19y | 83 | 68y |
| PLANET FLOWERS LTD.→ SC212761 · est 2000 | — | — | £208.8k | — | 25y | 83 | 78y |
| THE DORMANT DISTILLERY COMPANY LIMITED→ SC172078 · est 1997 | — | — | — | 64 | 29y | 83 | 62y |
| THE GREAT GROG COMPANY LIMITED→ SC194873 · est 1999 | — | — | £501.5k | — | 27y | 83 | 64y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2006-12-21
Jurisdictionscotland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Registered office
Suite 16 Vineyard's Business Centre
Saughland
Pathhead
Midlothian
EH37 5XP
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-04
Last: 2025-12-21
Officers (2 active · 2 resigned)
MORRISON, Gregor→
Activedirector · ~57y · appointed 2015-03-31
View their other companies + combined net worth →
MORRISON, Wendy→
Activedirector · ~54y · appointed 2006-12-21
View their other companies + combined net worth →
DONALD, Rebecca→
Resignedsecretary · appointed 2006-12-21 · resigned 2013-01-01
MORRISON, Gregor→
Resigneddirector · ~57y · appointed 2006-12-21 · resigned 2014-04-15
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Sass Reviews Sass Reviews Limited | A registered charge | — | 16/06/2022 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 15/06/2021 | 03/05/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-26
change-person-director-company-with-change-date
officers · CH01
2024-05-30
change-person-director-company-with-change-date
officers · CH01
2024-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-04
resolution
resolution · RESOLUTIONS
2023-10-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-17
capital-allotment-shares
capital · SH01
2023-10-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-06
memorandum-articles
incorporation · MA
2023-10-03