morbaine properties limited
morbaine properties limited Company Information
Company Number
00761004
Next Accounts
Mar 2026
Shareholders
helen woods & equiom (isle of man) limited
john william finlan
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
the finlan centre, hale road, hale bank, widnes cheshire, WA8 8PU
Website
www.morbaine.co.ukmorbaine properties limited Estimated Valuation
Pomanda estimates the enterprise value of MORBAINE PROPERTIES LIMITED at £10.3m based on a Turnover of £11.7m and 0.88x industry multiple (adjusted for size and gross margin).
morbaine properties limited Estimated Valuation
Pomanda estimates the enterprise value of MORBAINE PROPERTIES LIMITED at £0 based on an EBITDA of £-951.4k and a 6.99x industry multiple (adjusted for size and gross margin).
morbaine properties limited Estimated Valuation
Pomanda estimates the enterprise value of MORBAINE PROPERTIES LIMITED at £106.9m based on Net Assets of £75.7m and 1.41x industry multiple (adjusted for liquidity).
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Morbaine Properties Limited Overview
Morbaine Properties Limited is a live company located in hale bank, WA8 8PU with a Companies House number of 00761004. It operates in the development of building projects sector, SIC Code 41100. Founded in May 1963, it's largest shareholder is helen woods & equiom (isle of man) limited with a 50% stake. Morbaine Properties Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.7m with high growth in recent years.
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Morbaine Properties Limited Health Check
Pomanda's financial health check has awarded Morbaine Properties Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £11.7m, make it larger than the average company (£2.2m)
£11.7m - Morbaine Properties Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.1%)
24% - Morbaine Properties Limited
7.1% - Industry AVG
Production
with a gross margin of 49.7%, this company has a lower cost of product (26.4%)
49.7% - Morbaine Properties Limited
26.4% - Industry AVG
Profitability
an operating margin of -8.3% make it less profitable than the average company (7.4%)
-8.3% - Morbaine Properties Limited
7.4% - Industry AVG
Employees
with 26 employees, this is above the industry average (7)
26 - Morbaine Properties Limited
7 - Industry AVG
Pay Structure
on an average salary of £108.8k, the company has a higher pay structure (£49k)
£108.8k - Morbaine Properties Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £449.8k, this is more efficient (£274k)
£449.8k - Morbaine Properties Limited
£274k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (28 days)
5 days - Morbaine Properties Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (32 days)
7 days - Morbaine Properties Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 454 days, this is more than average (205 days)
454 days - Morbaine Properties Limited
205 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 136 weeks, this is more cash available to meet short term requirements (11 weeks)
136 weeks - Morbaine Properties Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.6%, this is a lower level of debt than the average (73.6%)
15.6% - Morbaine Properties Limited
73.6% - Industry AVG
MORBAINE PROPERTIES LIMITED financials
Morbaine Properties Limited's latest turnover from June 2024 is £11.7 million and the company has net assets of £75.7 million. According to their latest financial statements, Morbaine Properties Limited has 26 employees and maintains cash reserves of £6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,694,529 | 16,106,862 | 6,867,429 | 6,128,627 | 6,539,490 | 40,150,414 | 5,072,206 | 8,845,294 | 9,860,541 | 13,225,861 | 18,514,777 | 19,837,326 | 8,766,613 | 13,078,399 | 5,754,234 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 5,879,917 | 10,200,979 | 1,631,034 | 1,160,122 | 1,876,409 | 26,650,936 | 4,641,863 | 3,155,254 | 4,079,421 | 7,572,830 | 12,698,164 | 13,898,668 | 3,106,515 | 8,039,325 | 1,320,834 |
| Gross Profit | 5,814,612 | 5,905,883 | 5,236,395 | 4,968,505 | 4,663,081 | 13,499,478 | 430,343 | 5,690,040 | 5,781,120 | 5,653,031 | 5,816,613 | 5,938,658 | 5,660,098 | 5,039,074 | 4,433,400 |
| Admin Expenses | 6,783,836 | 3,337,789 | 2,211,240 | 4,940,800 | 5,177,491 | 8,884,033 | -1,209,721 | 2,662,380 | 3,476,287 | 5,414,043 | 3,403,315 | 3,554,517 | 3,993,559 | 3,302,740 | 3,356,388 |
| Operating Profit | -969,224 | 2,568,094 | 3,025,155 | 27,705 | -514,410 | 4,615,445 | 1,640,064 | 3,027,660 | 2,304,833 | 238,988 | 2,413,298 | 2,384,141 | 1,666,539 | 1,736,334 | 1,077,012 |
| Interest Payable | 479,812 | 992,686 | 450,830 | 344,385 | 329,783 | 584,076 | 1,335,545 | 1,051,374 | 1,052,663 | 964,589 | 1,197,581 | 1,433,217 | 1,093,601 | 893,918 | 601,383 |
| Interest Receivable | 123,391 | 40,712 | 873 | 497 | 18,024 | 15,296 | 22,949 | 14,018 | 47,276 | 19,894 | 15,988 | 137,863 | 1,725 | 7,624 | 7,390 |
| Pre-Tax Profit | -1,327,581 | 1,612,615 | 2,569,779 | -320,007 | -514,215 | 4,042,415 | 327,468 | 1,957,579 | 1,299,446 | -721,723 | 1,235,425 | 541,077 | 573,634 | 840,736 | 476,729 |
| Tax | 189,336 | -466,224 | -678,429 | -1,446,912 | -408,479 | -561,058 | 50,525 | 203,072 | 521,706 | 487,502 | -93,526 | -322,693 | 40,972 | -198,832 | -341,165 |
| Profit After Tax | -1,138,245 | 1,146,391 | 1,891,350 | -1,766,919 | -922,694 | 3,481,357 | 377,993 | 2,160,651 | 1,821,152 | -234,221 | 1,141,899 | 218,384 | 614,606 | 641,904 | 135,564 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -1,139,586 | 1,154,563 | 1,882,370 | -1,776,179 | -939,192 | 3,481,357 | 377,993 | 2,160,651 | 1,821,152 | -234,221 | 1,141,899 | 218,384 | 614,606 | 641,904 | 135,564 |
| Employee Costs | 2,829,196 | 3,480,208 | 2,483,370 | 5,253,334 | 2,614,427 | 6,063,243 | 2,829,269 | 2,500,704 | 2,945,110 | 2,036,162 | 2,093,906 | 2,472,370 | 1,972,750 | 1,990,658 | |
| Number Of Employees | 26 | 26 | 27 | 27 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 29 | 29 | 27 |
| EBITDA* | -951,359 | 2,583,225 | 3,035,910 | 40,471 | -504,160 | 4,623,935 | 1,647,793 | 3,144,510 | 2,423,861 | 360,710 | 2,537,619 | 2,570,560 | 2,017,759 | 2,059,471 | 1,681,046 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,125,918 | 1,120,562 | 1,099,190 | 1,101,623 | 1,410,521 | 1,393,288 | 1,387,261 | 1,389,166 | 1,398,232 | 1,409,139 | 1,422,670 | 28,554,275 | 16,873,552 | 18,511,488 | 265,453 |
| Intangible Assets | 107,784 | 215,566 | 323,348 | 431,130 | 538,912 | 808,369 | 1,077,826 | ||||||||
| Investments & Other | 74,495,000 | 77,720,000 | 66,669,999 | 65,799,787 | 64,799,787 | 66,529,787 | 68,085,975 | 90,571,537 | 90,279,398 | 89,735,716 | 90,876,173 | 62,811,202 | 76,790,805 | 48,029,756 | 59,589,828 |
| Debtors (Due After 1 year) | 127,976 | 116,796 | 142,168 | 816,259 | 863,141 | 765,927 | 752,471 | ||||||||
| Total Fixed Assets | 75,620,918 | 78,840,562 | 67,769,189 | 66,901,410 | 66,338,284 | 68,039,871 | 69,615,404 | 92,776,962 | 92,648,555 | 92,126,348 | 93,374,662 | 91,796,607 | 94,203,269 | 67,349,613 | 60,933,107 |
| Stock & work in progress | 7,327,503 | 10,176,377 | 27,645,984 | 25,107,828 | 18,863,581 | 19,586,942 | 42,689,559 | 28,992,853 | 15,006,171 | 11,236,465 | 10,775,097 | 16,158,602 | 12,285,757 | 13,283,751 | 20,549,364 |
| Trade Debtors | 182,439 | 914,366 | 342,733 | 51,305 | 56,354 | 56,964 | 70,277 | 210,271 | 1,300,467 | 337,089 | 1,201,138 | 100,483 | 137,479 | 61,213 | 323,084 |
| Group Debtors | 174,486 | 174,486 | 499,486 | 499,486 | 755,298 | 745,861 | 713,734 | 692,498 | 682,498 | 702,498 | 1,273,947 | 779,127 | 628,794 | ||
| Misc Debtors | 500,354 | 1,172,312 | 1,689,723 | 2,062,183 | 560,132 | 501,136 | 1,859,106 | 1,806,045 | 1,365,533 | 2,307,847 | 2,023,375 | 2,098,462 | 3,868,828 | 1,303,980 | 1,146,732 |
| Cash | 5,962,313 | 5,890,178 | 7,304,678 | 4,942,779 | 7,651,867 | 7,491,233 | 5,001,096 | 3,961,753 | 10,064,053 | 10,020,235 | 7,280,043 | 7,991,340 | 3,388,863 | 320,005 | 2,201,375 |
| misc current assets | |||||||||||||||
| total current assets | 13,972,609 | 18,153,233 | 37,157,604 | 32,338,581 | 27,631,420 | 28,135,761 | 50,375,336 | 35,716,783 | 28,449,958 | 24,594,134 | 21,962,151 | 27,051,385 | 20,954,874 | 15,748,076 | 24,849,349 |
| total assets | 89,593,527 | 96,993,795 | 104,926,793 | 99,239,991 | 93,969,704 | 96,175,632 | 119,990,740 | 128,493,745 | 121,098,513 | 116,720,482 | 115,336,813 | 118,847,992 | 115,158,143 | 83,097,689 | 85,782,456 |
| Bank overdraft | 238,438 | 179,805 | 101,185 | 1,264,830 | 11,027,222 | 1,037,148 | 3,300,852 | 1,794,735 | |||||||
| Bank loan | 9,933,682 | 19,933,682 | 11,598,002 | 38,541,273 | |||||||||||
| Trade Creditors | 122,755 | 132,760 | 109,108 | 103,653 | 251,930 | 300,583 | 662,358 | 2,237,058 | 354,137 | 405,615 | 409,798 | 706,860 | 1,225,280 | 643,186 | 987,177 |
| Group/Directors Accounts | 5,941 | 2,179 | 7,711 | 37,668 | 5,532 | 38,952 | 38,952 | 49,419 | 48,419 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,143,575 | 2,846,489 | 2,153,384 | 1,947,235 | 1,656,253 | 2,864,509 | 2,068,256 | 2,234,544 | 2,672,401 | 3,000,722 | 2,447,141 | 2,305,502 | 1,543,330 | 1,301,315 | 1,078,557 |
| total current liabilities | 2,266,330 | 12,912,931 | 22,196,174 | 2,050,888 | 1,914,124 | 14,765,273 | 41,518,036 | 4,689,075 | 3,133,255 | 4,671,167 | 2,856,939 | 14,078,536 | 3,844,710 | 5,294,772 | 3,908,888 |
| loans | 5,000,000 | 17,033,682 | 11,583,265 | 44,877,000 | 40,688,000 | 35,784,000 | 35,730,000 | 29,161,481 | 36,000,000 | 20,421,114 | 26,655,000 | ||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 123,141 | 121,205 | 117,700 | 112,281 | 108,457 | 420,411 | 416,161 | 446,358 | 410,633 | 410,633 | |||||
| provisions | 6,543,139 | 7,160,497 | 6,960,148 | 6,281,719 | 4,835,518 | 4,538,914 | 5,086,866 | 5,889,628 | 6,435,592 | 7,244,801 | 261,045 | 388,946 | |||
| total long term liabilities | 11,666,280 | 7,281,702 | 7,077,848 | 23,427,682 | 16,527,240 | 4,959,325 | 5,503,027 | 51,212,986 | 47,534,225 | 43,439,434 | 35,730,000 | 29,161,481 | 36,000,000 | 20,682,159 | 27,043,946 |
| total liabilities | 13,932,610 | 20,194,633 | 29,274,022 | 25,478,570 | 18,441,364 | 19,724,598 | 47,021,063 | 55,902,061 | 50,667,480 | 48,110,601 | 38,586,939 | 43,240,017 | 39,844,710 | 25,976,931 | 30,952,834 |
| net assets | 75,651,530 | 76,791,116 | 75,636,553 | 73,754,183 | 75,511,842 | 76,451,034 | 72,969,677 | 72,591,684 | 70,431,033 | 68,609,881 | 76,749,874 | 75,607,975 | 75,313,433 | 57,120,758 | 54,829,622 |
| total shareholders funds | 75,651,530 | 76,791,116 | 75,636,553 | 73,754,183 | 75,511,842 | 76,451,034 | 72,969,677 | 72,591,684 | 70,431,033 | 68,609,881 | 76,749,874 | 75,607,975 | 75,313,433 | 57,120,758 | 54,829,622 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -969,224 | 2,568,094 | 3,025,155 | 27,705 | -514,410 | 4,615,445 | 1,640,064 | 3,027,660 | 2,304,833 | 238,988 | 2,413,298 | 2,384,141 | 1,666,539 | 1,736,334 | 1,077,012 |
| Depreciation | 17,865 | 15,131 | 10,755 | 12,766 | 10,250 | 8,490 | 7,729 | 9,066 | 11,246 | 13,940 | 16,539 | 78,637 | 81,763 | 53,680 | 65,122 |
| Amortisation | 107,784 | 107,782 | 107,782 | 107,782 | 107,782 | 269,457 | 269,457 | 538,912 | |||||||
| Tax | 189,336 | -466,224 | -678,429 | -1,446,912 | -408,479 | -561,058 | 50,525 | 203,072 | 521,706 | 487,502 | -93,526 | -322,693 | 40,972 | -198,832 | -341,165 |
| Stock | -2,848,874 | -17,469,607 | 2,538,156 | 6,244,247 | -723,361 | -23,102,617 | 13,696,706 | 13,986,682 | 3,769,706 | 461,368 | -5,383,505 | 3,872,845 | -997,994 | -7,265,613 | 20,549,364 |
| Debtors | -1,403,885 | -120,264 | -81,032 | 1,044,026 | 69,566 | -1,652,467 | -751,587 | -664,439 | 139,514 | -556,121 | 1,758,039 | -2,378,811 | 3,135,934 | 45,710 | 2,098,610 |
| Creditors | -10,005 | 23,652 | 5,455 | -148,277 | -48,653 | -361,775 | -1,574,700 | 1,882,921 | -51,478 | -4,183 | -297,062 | -518,420 | 582,094 | -343,991 | 987,177 |
| Accruals and Deferred Income | -702,914 | 693,105 | 206,149 | 290,982 | -1,208,256 | 796,253 | -166,288 | -437,857 | -328,321 | 553,581 | 141,639 | 762,172 | 242,015 | 222,758 | 1,078,557 |
| Deferred Taxes & Provisions | -617,358 | 200,349 | 678,429 | 1,446,201 | 296,604 | -547,952 | -802,762 | -545,964 | -809,209 | 7,244,801 | -261,045 | -127,901 | 388,946 | ||
| Cash flow from operations | 2,160,459 | 20,623,978 | 790,390 | -7,105,808 | -1,219,149 | 28,704,487 | -13,790,551 | -9,075,561 | -2,152,661 | 8,737,164 | 5,914,136 | 997,585 | 483,855 | 8,831,408 | -18,853,413 |
| Investing Activities | |||||||||||||||
| capital expenditure | 27,140,926 | -12,534 | -339 | -409 | -1,316,185 | 1,569,386 | -9,658,021 | -5,099,715 | 13,481 | ||||||
| Change in Investments | -3,225,000 | 11,050,001 | 870,212 | 1,000,000 | -1,730,000 | -1,556,188 | -22,485,562 | 292,139 | 543,682 | -1,140,457 | 28,064,971 | -13,979,603 | 28,761,049 | -11,560,072 | 59,589,828 |
| cash flow from investments | 3,225,000 | -11,050,001 | -870,212 | -1,000,000 | 1,730,000 | 1,556,188 | 49,626,488 | -304,673 | -544,021 | 1,140,048 | -29,381,156 | 15,548,989 | -38,419,070 | 6,460,357 | -59,576,347 |
| Financing Activities | |||||||||||||||
| Bank loans | -9,933,682 | -10,000,000 | 19,933,682 | -11,598,002 | -26,943,271 | 38,541,273 | |||||||||
| Group/Directors Accounts | -5,941 | 3,762 | -5,532 | -29,957 | 32,136 | 5,532 | -38,952 | -10,467 | 1,000 | 48,419 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 5,000,000 | -17,033,682 | 5,450,417 | 11,583,265 | -44,877,000 | 4,189,000 | 4,904,000 | 54,000 | 6,568,519 | -6,838,519 | 15,578,886 | -6,233,886 | 26,655,000 | ||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 1,936 | 3,505 | 5,419 | 3,824 | -311,954 | 4,250 | -30,197 | 35,725 | 410,633 | ||||||
| share issue | |||||||||||||||
| interest | -356,421 | -951,974 | -449,957 | -343,888 | -311,759 | -568,780 | -1,312,596 | -1,037,356 | -1,005,387 | -944,695 | -1,181,593 | -1,295,354 | -1,091,876 | -886,294 | -593,993 |
| cash flow from financing | -5,288,167 | -10,948,469 | 2,455,462 | 5,122,932 | -634,688 | -27,513,333 | -7,708,477 | 3,219,505 | 3,904,145 | -8,385,834 | 5,347,974 | -8,057,715 | 32,054,612 | -5,469,948 | 80,803,484 |
| cash and cash equivalents | |||||||||||||||
| cash | 72,135 | -1,414,500 | 2,361,899 | -2,709,088 | 160,634 | 2,490,137 | 1,039,343 | -6,102,300 | 43,818 | 2,740,192 | -711,297 | 4,602,477 | 3,068,858 | -1,881,370 | 2,201,375 |
| overdraft | -238,438 | 58,633 | 78,620 | -1,163,645 | 1,264,830 | -11,027,222 | 9,990,074 | -2,263,704 | 1,506,117 | 1,794,735 | |||||
| change in cash | 72,135 | -1,414,500 | 2,361,899 | -2,709,088 | 160,634 | 2,728,575 | 980,710 | -6,180,920 | 1,207,463 | 1,475,362 | 10,315,925 | -5,387,597 | 5,332,562 | -3,387,487 | 406,640 |
morbaine properties limited Credit Report and Business Information
Morbaine Properties Limited Competitor Analysis
Perform a competitor analysis for morbaine properties limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in WA8 area or any other competitors across 12 key performance metrics.
morbaine properties limited Ownership
MORBAINE PROPERTIES LIMITED group structure
Morbaine Properties Limited has no subsidiary companies.
Ultimate parent company
MORBAINE PROPERTIES LIMITED
00761004
morbaine properties limited directors
Morbaine Properties Limited currently has 4 directors. The longest serving directors include Mrs Annick Finlan (Jun 1991) and Mrs Jean Connor (Jun 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Annick Finlan | England | 83 years | Jun 1991 | - | Director |
| Mrs Jean Connor | England | 77 years | Jun 1991 | - | Director |
| Mr John Parle | England | 82 years | Nov 2010 | - | Director |
| Mr John Finlan | England | 33 years | Sep 2021 | - | Director |
P&L
June 2024turnover
11.7m
-27%
operating profit
-969.2k
-138%
gross margin
49.8%
+35.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
75.7m
-0.01%
total assets
89.6m
-0.08%
cash
6m
+0.01%
net assets
Total assets minus all liabilities
morbaine properties limited company details
company number
00761004
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 1963
age
62
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
the finlan centre, hale road, hale bank, widnes cheshire, WA8 8PU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
morbaine properties 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 38 charges/mortgages relating to morbaine properties limited. Currently there are 13 open charges and 25 have been satisfied in the past.
morbaine properties limited Capital Raised & Share Issues BETA
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morbaine properties limited Companies House Filings - See Documents
| date | description | view/download |
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