MORISON AND SMITH LIMITED

🏛️Establishedactive
SC578297 · ltd · incorporated 2017-10-06
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 8.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£332.9k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 8.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 8.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £332,940
Cash YoY
+1344%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£131k
↑ 1344% YoY
Net Worth
£333k
↑ 115% YoY
Current Assets
£487k
↑ 25% YoY
Current Liabilities
—
£0£97k£195k£292k£390k£487kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£363.0k£264.3k
Current assets£487.2k£389.8k
Cash£131.3k£9.1k
Debtors£250.0k£184.1k
Net assets£332.9k£154.7k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-07-01
    🔒
    Charge registered #2
    Lender: Bank of Scotland
  4. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-27
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2023-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-05-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-05-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-05-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2021-03-18
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2021-03-15
    📄
    capital-return-purchase-own-shares
    capital · SH03
  18. 2021-02-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2021-02-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-01-31
    ➖
    MAGOWAN, Caroline resigned
    director
  22. 2021-01-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-01-21
    ➕
    HENDRY, Lisa Ann appointed
    director
  24. 2017-12-01
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  25. 2017-10-06
    🏢
    Company incorporated
    As MORISON AND SMITH LIMITED
  26. 2017-10-06
    ➕
    MURPHY, Leona appointed
    director
  27. 2017-10-06
    ➕
    MAGOWAN, Caroline appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-08-27: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Leona Murphy
Individual · British · DOB 09/1978 · age 48
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/10/2017
Mrs Lisa Ann Hendry
Individual · British · DOB 11/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting21/01/2021
1 historic (ceased) PSC
  • Caroline Magowanceased 31/12/2020· 25-50% shares · 25-50% voting

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 →

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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
Incorporated2017-10-06
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

2nd Floor (East) Belgrave Court
Rosehall Road
Bellshill
North Lanarkshire
ML4 3NR
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-19
Last: 2025-10-05

Officers (2 active · 1 resigned)

HENDRY, Lisa Ann→
director · ~43y · appointed 2021-01-21
View their other companies + combined net worth →
Active
MURPHY, Leona→
director · ~48y · appointed 2017-10-06
View their other companies + combined net worth →
Active
MAGOWAN, Caroline→
director · ~50y · appointed 2017-10-06 · resigned 2021-01-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland
A registered charge1 property01/07/2025—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—01/12/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-14
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-06
change-person-director-company-with-change-date
officers · CH01
2023-03-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29