morgan technical ceramics limited
morgan technical ceramics limited Company Information
Company Number
00262938
Next Accounts
Sep 2025
Shareholders
morgan europe holding ltd
Group Structure
View All
Industry
Manufacture of other ceramic products
Registered Address
morgan advanced materials - tech, morgan drive, stourport-on-severn, worcestershire, DY13 8DW
morgan technical ceramics limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TECHNICAL CERAMICS LIMITED at £146.3m based on a Turnover of £51m and 2.87x industry multiple (adjusted for size and gross margin).
morgan technical ceramics limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TECHNICAL CERAMICS LIMITED at £38.7m based on an EBITDA of £4.3m and a 8.91x industry multiple (adjusted for size and gross margin).
morgan technical ceramics limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TECHNICAL CERAMICS LIMITED at £60m based on Net Assets of £23.2m and 2.58x industry multiple (adjusted for liquidity).
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Morgan Technical Ceramics Limited Overview
Morgan Technical Ceramics Limited is a live company located in stourport-on-severn, DY13 8DW with a Companies House number of 00262938. It operates in the manufacture of other ceramic products n.e.c. sector, SIC Code 23490. Founded in February 1932, it's largest shareholder is morgan europe holding ltd with a 100% stake. Morgan Technical Ceramics Limited is a mature, large sized company, Pomanda has estimated its turnover at £51m with healthy growth in recent years.
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Morgan Technical Ceramics Limited Health Check
Pomanda's financial health check has awarded Morgan Technical Ceramics Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £51m, make it larger than the average company (£16m)
£51m - Morgan Technical Ceramics Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.7%)
10% - Morgan Technical Ceramics Limited
6.7% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (30.7%)
30.7% - Morgan Technical Ceramics Limited
30.7% - Industry AVG
Profitability
an operating margin of 4% make it as profitable than the average company (3.5%)
4% - Morgan Technical Ceramics Limited
3.5% - Industry AVG
Employees
with 664 employees, this is above the industry average (62)
664 - Morgan Technical Ceramics Limited
62 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£36.9k)
£37.1k - Morgan Technical Ceramics Limited
£36.9k - Industry AVG
Efficiency
resulting in sales per employee of £76.9k, this is less efficient (£175.8k)
£76.9k - Morgan Technical Ceramics Limited
£175.8k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (40 days)
38 days - Morgan Technical Ceramics Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (29 days)
24 days - Morgan Technical Ceramics Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 68 days, this is less than average (98 days)
68 days - Morgan Technical Ceramics Limited
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (5 weeks)
3 weeks - Morgan Technical Ceramics Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.7%, this is a higher level of debt than the average (45.5%)
58.7% - Morgan Technical Ceramics Limited
45.5% - Industry AVG
MORGAN TECHNICAL CERAMICS LIMITED financials
Morgan Technical Ceramics Limited's latest turnover from December 2023 is £51 million and the company has net assets of £23.2 million. According to their latest financial statements, Morgan Technical Ceramics Limited has 664 employees and maintains cash reserves of £695 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 51,030,000 | 47,538,000 | 42,650,000 | 38,341,000 | 43,171,000 | 44,402,000 | 45,877,000 | 55,200,000 | 56,045,000 | 59,385,000 | 62,728,000 | 64,774,000 | 24,570,000 | 21,356,000 | 17,556,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,034,000 | 6,659,000 | 3,791,000 | 176,000 | -1,679,000 | 6,827,000 | 3,020,000 | 9,324,000 | 7,290,000 | 11,010,000 | 11,815,000 | 14,936,000 | -137,000 | 1,328,000 | 121,000 |
| Interest Payable | 1,463,000 | 454,000 | 621,000 | 794,000 | 1,234,000 | 1,200,000 | 1,300,000 | 300,000 | 735,000 | 367,000 | |||||
| Interest Receivable | 4,309,000 | 2,369,000 | 1,599,000 | 1,788,000 | 2,133,000 | 2,059,000 | 1,404,000 | 375,000 | 429,000 | 458,000 | 494,000 | 282,000 | 14,000 | 3,000 | |
| Pre-Tax Profit | 4,880,000 | 8,574,000 | 4,769,000 | 1,170,000 | -780,000 | 7,686,000 | 42,358,000 | 9,399,000 | 7,719,000 | 11,468,000 | 12,309,000 | 15,218,000 | 1,112,000 | 593,000 | -243,000 |
| Tax | -285,000 | 69,000 | -131,000 | -406,000 | 878,000 | -1,050,000 | -1,112,000 | -1,521,000 | -1,852,000 | -3,072,000 | -3,671,000 | -2,519,000 | -562,000 | -633,000 | -87,000 |
| Profit After Tax | 4,595,000 | 8,643,000 | 4,638,000 | 764,000 | 98,000 | 6,636,000 | 41,246,000 | 7,878,000 | 5,867,000 | 8,396,000 | 8,638,000 | 12,699,000 | 550,000 | -40,000 | -330,000 |
| Dividends Paid | 44,000,000 | 19,000,000 | |||||||||||||
| Retained Profit | -39,405,000 | 8,643,000 | 4,638,000 | 764,000 | 98,000 | 6,636,000 | 41,246,000 | 7,878,000 | 5,867,000 | 8,396,000 | -10,362,000 | 12,699,000 | 550,000 | -40,000 | -330,000 |
| Employee Costs | 24,667,000 | 21,161,000 | 18,089,000 | 18,343,000 | 20,077,000 | 19,699,000 | 20,073,000 | 23,352,000 | 22,746,000 | 22,286,000 | 22,667,000 | 23,231,000 | 11,289,000 | 9,970,000 | 8,754,000 |
| Number Of Employees | 664 | 574 | 535 | 582 | 609 | 612 | 590 | 824 | 768 | 779 | 812 | 846 | 343 | 323 | 313 |
| EBITDA* | 4,345,000 | 9,368,000 | 6,375,000 | 2,390,000 | 738,000 | 8,566,000 | 4,856,000 | 11,271,000 | 9,307,000 | 12,917,000 | 14,116,000 | 17,680,000 | 1,354,000 | 2,875,000 | 1,653,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,280,000 | 11,179,000 | 12,719,000 | 13,557,000 | 17,065,000 | 13,850,000 | 12,878,000 | 13,608,000 | 14,055,000 | 13,699,000 | 13,290,000 | 14,467,000 | 15,254,000 | 10,885,000 | 11,641,000 |
| Intangible Assets | 2,596,000 | 3,069,000 | 1,777,000 | 249,000 | 369,000 | 50,000 | 109,000 | 168,000 | 200,000 | 250,000 | 300,000 | 350,000 | 682,000 | 1,010,000 | 1,338,000 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 13,500,000 | 58,500,000 | 58,500,000 | 56,759,000 | 56,919,000 | 56,761,000 | 56,759,000 | 13,155,000 | 17,643,000 | 15,003,000 | 15,006,000 | ||||
| Total Fixed Assets | 29,376,000 | 72,748,000 | 72,996,000 | 70,565,000 | 74,353,000 | 70,661,000 | 69,746,000 | 26,931,000 | 31,898,000 | 28,952,000 | 28,596,000 | 14,817,000 | 15,936,000 | 11,895,000 | 12,979,000 |
| Stock & work in progress | 6,621,000 | 7,119,000 | 5,259,000 | 4,598,000 | 5,993,000 | 6,299,000 | 5,398,000 | 6,023,000 | 6,829,000 | 7,521,000 | 7,278,000 | 7,520,000 | 8,577,000 | 2,910,000 | 2,734,000 |
| Trade Debtors | 5,355,000 | 5,675,000 | 4,835,000 | 3,963,000 | 4,454,000 | 4,924,000 | 5,389,000 | 6,134,000 | 6,067,000 | 5,883,000 | 7,043,000 | 7,231,000 | 7,955,000 | 3,126,000 | 2,039,000 |
| Group Debtors | 8,840,000 | 5,874,000 | 3,733,000 | 3,489,000 | 457,000 | 759,000 | 1,951,000 | 6,327,000 | 17,230,000 | 294,000 | 527,000 | 19,554,000 | 12,589,000 | 2,931,000 | 3,546,000 |
| Misc Debtors | 1,195,000 | 895,000 | 517,000 | 1,570,000 | 2,767,000 | 1,232,000 | 1,069,000 | 1,066,000 | 1,672,000 | 651,000 | 669,000 | 667,000 | 3,633,000 | 593,000 | 487,000 |
| Cash | 695,000 | 1,747,000 | 2,353,000 | 5,800,000 | 6,096,000 | 9,159,000 | 8,279,000 | 7,171,000 | 5,180,000 | 18,742,000 | 11,310,000 | 16,206,000 | 5,002,000 | 2,600,000 | 842,000 |
| misc current assets | 4,117,000 | 8,230,000 | |||||||||||||
| total current assets | 26,823,000 | 29,540,000 | 16,697,000 | 19,420,000 | 19,767,000 | 22,373,000 | 22,086,000 | 26,721,000 | 36,978,000 | 33,091,000 | 26,827,000 | 51,178,000 | 37,756,000 | 12,160,000 | 9,648,000 |
| total assets | 56,199,000 | 102,288,000 | 89,693,000 | 89,985,000 | 94,120,000 | 93,034,000 | 91,832,000 | 53,652,000 | 68,876,000 | 62,043,000 | 55,423,000 | 65,995,000 | 53,692,000 | 24,055,000 | 22,627,000 |
| Bank overdraft | 59,000 | 4,421,000 | 2,877,000 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,337,000 | 4,087,000 | 3,914,000 | 3,197,000 | 4,643,000 | 4,906,000 | 4,935,000 | 6,259,000 | 6,131,000 | 6,276,000 | 7,345,000 | 6,833,000 | 7,496,000 | 2,430,000 | 2,359,000 |
| Group/Directors Accounts | 2,873,000 | 20,607,000 | 2,009,000 | 235,000 | 714,000 | 416,000 | 1,529,000 | 825,000 | 616,000 | 383,000 | 530,000 | 1,991,000 | 17,445,000 | 210,000 | 483,000 |
| other short term finances | 81,000 | 445,000 | 86,000 | 85,000 | 47,000 | 198,000 | 2,598,000 | 385,000 | |||||||
| hp & lease commitments | 530,000 | 556,000 | 412,000 | 440,000 | 494,000 | ||||||||||
| other current liabilities | 4,480,000 | 4,909,000 | 3,482,000 | 2,177,000 | 1,602,000 | 5,216,000 | 4,777,000 | 6,912,000 | 8,319,000 | 8,412,000 | 9,113,000 | 8,423,000 | 9,270,000 | 2,620,000 | 993,000 |
| total current liabilities | 10,301,000 | 30,663,000 | 9,903,000 | 10,555,000 | 10,330,000 | 10,585,000 | 11,439,000 | 16,594,000 | 15,451,000 | 15,071,000 | 16,988,000 | 17,247,000 | 34,211,000 | 5,260,000 | 3,835,000 |
| loans | 20,000,000 | 2,150,000 | 800,000 | 12,000,000 | |||||||||||
| hp & lease commitments | 2,683,000 | 2,435,000 | 2,814,000 | 3,128,000 | 3,520,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 22,683,000 | 4,585,000 | 19,516,000 | 40,199,000 | 34,468,000 | 41,768,000 | 49,645,000 | 52,641,000 | 12,000,000 | ||||||
| total liabilities | 32,984,000 | 35,248,000 | 29,419,000 | 50,754,000 | 44,798,000 | 52,353,000 | 61,084,000 | 69,235,000 | 15,451,000 | 15,071,000 | 16,988,000 | 17,247,000 | 34,211,000 | 5,260,000 | 15,835,000 |
| net assets | 23,215,000 | 67,040,000 | 60,274,000 | 39,231,000 | 49,322,000 | 40,681,000 | 30,748,000 | -15,583,000 | 53,425,000 | 46,972,000 | 38,435,000 | 48,748,000 | 19,481,000 | 18,795,000 | 6,792,000 |
| total shareholders funds | 23,215,000 | 67,040,000 | 60,274,000 | 39,231,000 | 49,322,000 | 40,681,000 | 30,748,000 | -15,583,000 | 53,425,000 | 46,972,000 | 38,435,000 | 48,748,000 | 19,481,000 | 18,795,000 | 6,792,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,034,000 | 6,659,000 | 3,791,000 | 176,000 | -1,679,000 | 6,827,000 | 3,020,000 | 9,324,000 | 7,290,000 | 11,010,000 | 11,815,000 | 14,936,000 | -137,000 | 1,328,000 | 121,000 |
| Depreciation | 1,567,000 | 2,234,000 | 2,166,000 | 2,080,000 | 2,368,000 | 1,680,000 | 1,836,000 | 1,947,000 | 2,017,000 | 1,857,000 | 2,251,000 | 2,412,000 | 1,163,000 | 1,269,000 | 1,254,000 |
| Amortisation | 744,000 | 475,000 | 418,000 | 134,000 | 49,000 | 59,000 | 50,000 | 50,000 | 332,000 | 328,000 | 278,000 | 278,000 | |||
| Tax | -285,000 | 69,000 | -131,000 | -406,000 | 878,000 | -1,050,000 | -1,112,000 | -1,521,000 | -1,852,000 | -3,072,000 | -3,671,000 | -2,519,000 | -562,000 | -633,000 | -87,000 |
| Stock | -498,000 | 1,860,000 | 661,000 | -1,395,000 | -306,000 | 901,000 | -625,000 | -806,000 | -692,000 | 243,000 | -242,000 | 4,610,000 | 5,667,000 | 176,000 | 2,734,000 |
| Debtors | -42,054,000 | 3,359,000 | 1,804,000 | 1,184,000 | 921,000 | -1,492,000 | 38,486,000 | -15,930,000 | 20,781,000 | -1,414,000 | -4,207,000 | 20,802,000 | 17,527,000 | 578,000 | 6,072,000 |
| Creditors | -1,750,000 | 173,000 | 717,000 | -1,446,000 | -263,000 | -29,000 | -1,324,000 | 128,000 | -145,000 | -1,069,000 | 512,000 | 4,403,000 | 5,066,000 | 71,000 | 2,359,000 |
| Accruals and Deferred Income | -429,000 | 1,427,000 | 1,305,000 | 575,000 | -3,614,000 | 439,000 | -2,135,000 | -1,407,000 | -93,000 | -701,000 | 690,000 | 5,803,000 | 6,650,000 | 1,627,000 | 993,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 44,433,000 | 5,818,000 | 5,801,000 | 1,324,000 | -2,876,000 | 8,517,000 | -37,576,000 | 25,207,000 | -12,872,000 | 9,246,000 | 16,096,000 | -45,000 | -10,686,000 | 3,186,000 | -3,888,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -17,734,000 | 18,598,000 | 1,774,000 | -479,000 | 298,000 | -1,113,000 | 704,000 | 209,000 | 233,000 | -147,000 | -1,461,000 | 1,781,000 | 17,235,000 | -273,000 | 483,000 |
| Other Short Term Loans | -364,000 | 359,000 | 1,000 | 85,000 | -47,000 | -151,000 | -2,400,000 | 2,213,000 | 385,000 | ||||||
| Long term loans | 17,850,000 | 1,350,000 | 800,000 | -12,000,000 | 12,000,000 | ||||||||||
| Hire Purchase and Lease Commitments | 222,000 | -235,000 | -342,000 | -446,000 | 4,014,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 2,846,000 | 1,915,000 | 978,000 | 994,000 | 899,000 | 859,000 | 104,000 | 75,000 | 429,000 | 458,000 | 494,000 | 282,000 | 14,000 | -735,000 | -364,000 |
| cash flow from financing | -1,600,000 | 20,110,000 | 19,616,000 | -10,701,000 | 13,707,000 | 2,892,000 | 3,493,000 | -74,389,000 | 1,633,000 | 452,000 | -918,000 | 19,317,000 | 17,385,000 | -965,000 | 19,241,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,052,000 | -606,000 | -3,447,000 | -296,000 | -3,063,000 | 880,000 | 1,108,000 | 1,991,000 | -13,562,000 | 7,432,000 | -4,896,000 | 13,606,000 | 2,402,000 | 1,758,000 | 842,000 |
| overdraft | -59,000 | 59,000 | -4,421,000 | 1,544,000 | 2,877,000 | ||||||||||
| change in cash | -993,000 | -665,000 | 974,000 | -1,840,000 | -5,940,000 | 880,000 | 1,108,000 | 1,991,000 | -13,562,000 | 7,432,000 | -4,896,000 | 13,606,000 | 2,402,000 | 1,758,000 | 842,000 |
morgan technical ceramics limited Credit Report and Business Information
Morgan Technical Ceramics Limited Competitor Analysis
Perform a competitor analysis for morgan technical ceramics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DY13 area or any other competitors across 12 key performance metrics.
morgan technical ceramics limited Ownership
MORGAN TECHNICAL CERAMICS LIMITED group structure
Morgan Technical Ceramics Limited has no subsidiary companies.
Ultimate parent company
2 parents
MORGAN TECHNICAL CERAMICS LIMITED
00262938
morgan technical ceramics limited directors
Morgan Technical Ceramics Limited currently has 2 directors. The longest serving directors include Mr Graham Brown (Dec 2019) and Mr Philip Shakespeare (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Brown | United Kingdom | 52 years | Dec 2019 | - | Director |
| Mr Philip Shakespeare | England | 65 years | Oct 2023 | - | Director |
P&L
December 2023turnover
51m
+7%
operating profit
2m
-69%
gross margin
30.8%
+7.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
23.2m
-0.65%
total assets
56.2m
-0.45%
cash
695k
-0.6%
net assets
Total assets minus all liabilities
morgan technical ceramics limited company details
company number
00262938
Type
Private limited with Share Capital
industry
23490 - Manufacture of other ceramic products
incorporation date
February 1932
age
93
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
morgan advanced ceramics limited (October 2011)
morgan matroc limited (January 2002)
accountant
-
auditor
DELOITTE LLP
address
morgan advanced materials - tech, morgan drive, stourport-on-severn, worcestershire, DY13 8DW
Bank
-
Legal Advisor
-
morgan technical ceramics limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to morgan technical ceramics limited. Currently there are 0 open charges and 2 have been satisfied in the past.
morgan technical ceramics limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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morgan technical ceramics limited Companies House Filings - See Documents
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