morgan housing estates limited

morgan housing estates limited Company Information

Share MORGAN HOUSING ESTATES LIMITED
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Company Number

00411498

Industry

Buying and selling of own real estate

 

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Shareholders

selina hire 2nd settlement

e. hooley settlement

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Group Structure

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Contact

Registered Address

6 russell place, nottingham, NG1 5HJ

Website

-

morgan housing estates limited Estimated Valuation

£74.5m

Pomanda estimates the enterprise value of MORGAN HOUSING ESTATES LIMITED at £74.5m based on a Turnover of £17m and 4.39x industry multiple (adjusted for size and gross margin).

morgan housing estates limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MORGAN HOUSING ESTATES LIMITED at £0 based on an EBITDA of £-128.9k and a 9.48x industry multiple (adjusted for size and gross margin).

morgan housing estates limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of MORGAN HOUSING ESTATES LIMITED at £2.2m based on Net Assets of £1.3m and 1.67x industry multiple (adjusted for liquidity).

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Morgan Housing Estates Limited Overview

Morgan Housing Estates Limited is a live company located in nottingham, NG1 5HJ with a Companies House number of 00411498. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 1946, it's largest shareholder is selina hire 2nd settlement with a 26.4% stake. Morgan Housing Estates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17m with healthy growth in recent years.

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Morgan Housing Estates Limited Health Check

Pomanda's financial health check has awarded Morgan Housing Estates Limited a 4 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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £17m, make it larger than the average company (£890.8k)

£17m - Morgan Housing Estates Limited

£890.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4%)

10% - Morgan Housing Estates Limited

4% - Industry AVG

production

Production

with a gross margin of 72.4%, this company has a comparable cost of product (72.4%)

72.4% - Morgan Housing Estates Limited

72.4% - Industry AVG

profitability

Profitability

an operating margin of -0.8% make it less profitable than the average company (28.6%)

-0.8% - Morgan Housing Estates Limited

28.6% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Morgan Housing Estates Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)

£35.7k - Morgan Housing Estates Limited

£35.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £5.7m, this is more efficient (£190.8k)

£5.7m - Morgan Housing Estates Limited

£190.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (28 days)

50 days - Morgan Housing Estates Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 237 days, this is slower than average (35 days)

237 days - Morgan Housing Estates Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Morgan Housing Estates Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (10 weeks)

9 weeks - Morgan Housing Estates Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 71.3%, this is a higher level of debt than the average (62.1%)

71.3% - Morgan Housing Estates Limited

62.1% - Industry AVG

MORGAN HOUSING ESTATES LIMITED financials

EXPORTms excel logo

Morgan Housing Estates Limited's latest turnover from March 2024 is estimated at £17 million and the company has net assets of £1.3 million. According to their latest financial statements, Morgan Housing Estates Limited has 3 employees and maintains cash reserves of £552.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover16,960,77215,991,38914,014,26312,679,41318,651,64714,254,26614,802,72516,092,92619,983,44919,042,18218,660,57418,209,13512,949,97913,592,05110,140,293
Other Income Or Grants000000000000000
Cost Of Sales4,689,4774,690,6024,166,7763,646,2065,407,7684,102,8904,226,8454,661,1176,038,4256,735,1916,825,7026,237,5424,302,7194,582,2933,441,586
Gross Profit12,271,29511,300,7879,847,4879,033,20713,243,87910,151,37610,575,88111,431,80913,945,02412,306,99111,834,87211,971,5938,647,2619,009,7596,698,707
Admin Expenses12,400,18511,374,1609,887,6599,073,30013,305,57110,209,12010,604,07411,459,12513,939,09512,306,81511,798,76911,982,5938,665,4649,020,1485,489,560
Operating Profit-128,890-73,373-40,172-40,093-61,692-57,744-28,193-27,3165,92917636,103-11,000-18,203-10,3891,209,147
Interest Payable000000000000000
Interest Receivable28,65225,5645,7428076114,4043,5421,9625,1126,7167,8808,67512,8838,866515
Pre-Tax Profit-100,238-47,809-34,430-39,286-61,081-53,340-24,651-25,35411,0416,89143,983-2,325-5,320-1,5231,209,661
Tax00000000-2,208-1,447-10,116000-338,705
Profit After Tax-100,238-47,809-34,430-39,286-61,081-53,340-24,651-25,3548,8335,44433,867-2,325-5,320-1,523870,956
Dividends Paid000000000000000
Retained Profit-100,238-47,809-34,430-39,286-61,081-53,340-24,651-25,3548,8335,44433,867-2,325-5,320-1,523870,956
Employee Costs107,05499,74698,90794,1473,552,55598,63291,77590,7013,576,5173,082,7123,021,8742,981,2112,126,4262,253,5801,814,467
Number Of Employees3333107333112101100104757963
EBITDA*-128,890-73,373-40,172-40,093-61,692-57,744-28,193-27,3165,92917636,103-11,000-18,203-10,3891,209,147

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets79,70079,70091,97491,97491,974103,674103,674103,6740000000
Intangible Assets000000000000000
Investments & Other1,441,6671,441,6671,340,0001,340,0001,340,0001,230,5001,230,0001,230,0001,112,0071,112,0071,112,0071,220,3071,220,3071,217,7331,063,080
Debtors (Due After 1 year)57,35643,59041,25845,14547,61041,494000000000
Total Fixed Assets1,578,7231,564,9571,473,2321,477,1191,479,5841,375,6681,333,6741,333,6741,112,0071,112,0071,112,0071,220,3071,220,3071,217,7331,063,080
Stock & work in progress000000000000000
Trade Debtors2,346,6572,223,0202,119,5822,010,2511,884,5781,829,3201,875,1121,935,6131,920,8551,763,4001,713,3161,730,1751,178,4691,087,6711,081,531
Group Debtors000000000000000
Misc Debtors000000000000000
Cash552,076539,435663,579867,489746,880474,285700,105716,765853,0121,191,8301,494,4071,657,5961,812,4373,340,682205,835
misc current assets000000000000000
total current assets2,898,7332,762,4552,783,1612,877,7402,631,4582,303,6052,575,2172,652,3782,773,8672,955,2303,207,7233,387,7712,990,9064,428,3531,287,366
total assets4,477,4564,327,4124,256,3934,354,8594,111,0423,679,2733,908,8913,986,0523,885,8744,067,2374,319,7304,608,0784,211,2135,646,0862,350,446
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 3,050,4872,834,7052,816,6342,880,6702,597,5672,213,9612,390,4952,443,0052,539,1402,729,3362,987,2733,179,4882,780,2984,209,8511,063,521
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities3,050,4872,834,7052,816,6342,880,6702,597,5672,213,9612,390,4952,443,0052,539,1402,729,3362,987,2733,179,4882,780,2984,209,8511,063,521
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions139,957106,36780,71780,71780,71770,09572,21972,21959,236000000
total long term liabilities139,957106,36780,71780,71780,71770,09572,21972,21959,236000000
total liabilities3,190,4442,941,0722,897,3512,961,3872,678,2842,284,0562,462,7142,515,2242,598,3762,729,3362,987,2733,179,4882,780,2984,209,8511,063,521
net assets1,287,0121,386,3401,359,0421,393,4721,432,7581,395,2171,446,1771,470,8281,287,4981,337,9011,332,4571,428,5901,430,9151,436,2351,286,925
total shareholders funds1,287,0121,386,3401,359,0421,393,4721,432,7581,395,2171,446,1771,470,8281,287,4981,337,9011,332,4571,428,5901,430,9151,436,2351,286,925
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-128,890-73,373-40,172-40,093-61,692-57,744-28,193-27,3165,92917636,103-11,000-18,203-10,3891,209,147
Depreciation000000000000000
Amortisation000000000000000
Tax00000000-2,208-1,447-10,116000-338,705
Stock000000000000000
Debtors137,403105,770105,444123,20861,374-4,298-60,50114,758157,45550,084-16,859551,70690,7986,1401,081,531
Creditors215,78218,071-64,036283,103383,606-176,534-52,510-96,135-190,196-257,937-192,215399,190-1,429,5533,146,3301,063,521
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions33,59025,6500010,622-2,124012,98359,236000000
Cash flow from operations-16,921-135,422-209,652119,802271,162-232,104-20,202-125,226-284,694-309,292-149,369-163,516-1,538,5543,129,801852,432
Investing Activities
capital expenditure012,2740011,70000-103,6740000000
Change in Investments0101,66700109,5005000117,99300-108,30002,574154,6531,063,080
cash flow from investments0-89,39300-97,800-5000-221,66700108,3000-2,574-154,653-1,063,080
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue91075,1070098,6222,3800208,684-59,2360-130,00000150,833415,969
interest28,65225,5645,7428076114,4043,5421,9625,1126,7167,8808,67512,8838,866515
cash flow from financing29,562100,6715,74280799,2336,7843,542210,646-54,1246,716-122,1208,67512,883159,699416,484
cash and cash equivalents
cash12,641-124,144-203,910120,609272,595-225,820-16,660-136,247-338,818-302,577-163,189-154,841-1,528,2453,134,847205,835
overdraft000000000000000
change in cash12,641-124,144-203,910120,609272,595-225,820-16,660-136,247-338,818-302,577-163,189-154,841-1,528,2453,134,847205,835

morgan housing estates limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Morgan Housing Estates Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for morgan housing estates limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in NG1 area or any other competitors across 12 key performance metrics.

morgan housing estates limited Ownership

MORGAN HOUSING ESTATES LIMITED group structure

Morgan Housing Estates Limited has no subsidiary companies.

Ultimate parent company

MORGAN HOUSING ESTATES LIMITED

00411498

MORGAN HOUSING ESTATES LIMITED Shareholders

selina hire 2nd settlement 26.39%
e. hooley settlement 16.81%
trustees of russell ball will trust 14%
trustees of julian hire settlement 6%
julia ball 2nd settlement 6%
trustees of emma lewis settlements 6%
emma lewis 6%
julian hire 6%
e. hooley non leek settlement 4.81%
julia ball 1st settlement 4%

morgan housing estates limited directors

Morgan Housing Estates Limited currently has 3 directors. The longest serving directors include Mrs Deborah Hutchinson (Apr 2005) and Mr Philip Handley (Jan 2007).

officercountryagestartendrole
Mrs Deborah HutchinsonUnited Kingdom69 years Apr 2005- Director
Mr Philip Handley57 years Jan 2007- Director
Mr Charles BondUnited Kingdom56 years Jan 2015- Director

P&L

March 2024

turnover

17m

+6%

operating profit

-128.9k

0%

gross margin

72.4%

+2.38%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

1.3m

-0.07%

total assets

4.5m

+0.03%

cash

552.1k

+0.02%

net assets

Total assets minus all liabilities

morgan housing estates limited company details

company number

00411498

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 1946

age

78

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

HSKS GREENHALGH LTD

auditor

-

address

6 russell place, nottingham, NG1 5HJ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

morgan housing estates 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 did not find charges/mortgages relating to morgan housing estates limited.

morgan housing estates 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 housing estates limited Companies House Filings - See Documents

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