morntane limited
morntane limited Company Information
Company Number
01209203
Next Accounts
Mar 2025
Shareholders
morntane executive pension scheme
nb mason discretionary settlement of 28 november 1996
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Website
http://britannia-row.co.ukmorntane limited Estimated Valuation
Pomanda estimates the enterprise value of MORNTANE LIMITED at £37.2k based on a Turnover of £67k and 0.55x industry multiple (adjusted for size and gross margin).
morntane limited Estimated Valuation
Pomanda estimates the enterprise value of MORNTANE LIMITED at £2m based on an EBITDA of £496.1k and a 3.99x industry multiple (adjusted for size and gross margin).
morntane limited Estimated Valuation
Pomanda estimates the enterprise value of MORNTANE LIMITED at £7.1m based on Net Assets of £3.1m and 2.3x industry multiple (adjusted for liquidity).
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Morntane Limited Overview
Morntane Limited is a live company located in london, W1W 5QZ with a Companies House number of 01209203. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 1975, it's largest shareholder is morntane executive pension scheme with a 99.9% stake. Morntane Limited is a mature, micro sized company, Pomanda has estimated its turnover at £67k with declining growth in recent years.
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Morntane Limited Health Check
Pomanda's financial health check has awarded Morntane Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £67k, make it smaller than the average company (£3.7m)
- Morntane Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.7%)
- Morntane Limited
4.7% - Industry AVG
Production
with a gross margin of 37.8%, this company has a comparable cost of product (37.8%)
- Morntane Limited
37.8% - Industry AVG
Profitability
an operating margin of 740.1% make it more profitable than the average company (6.2%)
- Morntane Limited
6.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
- Morntane Limited
24 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)
- Morntane Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £67k, this is less efficient (£154.5k)
- Morntane Limited
£154.5k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (41 days)
- Morntane Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (33 days)
- Morntane Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morntane Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Morntane Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.9%, this is a higher level of debt than the average (61.6%)
86.9% - Morntane Limited
61.6% - Industry AVG
MORNTANE LIMITED financials
Morntane Limited's latest turnover from June 2023 is estimated at £67 thousand and the company has net assets of £3.1 million. According to their latest financial statements, we estimate that Morntane Limited has 1 employee and maintains cash reserves of £112.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 2,000,000 | 2,000,000 | 0 | 2,000,000 | 1,454,310 | 1,484,503 | 1,509,664 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 10,996,605 | 10,996,605 | 10,996,605 | 11,584,279 | 9,584,280 | 9,195,845 | 10,920,812 | 8,920,812 | 8,920,812 | 3,111,595 | 2,251,964 | 2,307,636 | 120,300 | 121,663 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,188,360 | 1,340,860 | 3,118,137 | 3,094,156 | 10,947,481 | 10,114,045 |
| Total Fixed Assets | 10,996,605 | 10,996,605 | 10,996,605 | 11,584,279 | 11,584,280 | 11,195,845 | 10,920,812 | 10,920,812 | 11,563,482 | 5,936,958 | 6,879,765 | 5,401,792 | 11,067,781 | 10,235,708 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 12,300 | 89,500 | 128,716 | 15,066 | 38,424 | 18,760 | 5,760 | 3,744 | 2,264,688 | 2,319,304 | 2,451,118 | 648,303 | 247,207 | 1,081,758 |
| Group Debtors | 11,016,261 | 3,632,502 | 2,693,251 | 2,293,089 | 1,845,216 | 2,415,436 | 1,590,598 | 1,754,797 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,412,731 | 1,281,880 | 1,672,773 | 2,847,328 | 2,623,670 | 2,500,337 | 3,003,695 | 1,914,819 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 112,659 | 388,202 | 108,975 | 3,084 | 43,876 | 6,790 | 2,881 | 1,777 | 5,116 | 14,070 | 35,383 | 188,100 | 67,802 | 262,754 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 500 | 500 | 500 | 500 |
| total current assets | 12,553,951 | 5,392,084 | 4,603,715 | 5,158,567 | 4,551,186 | 4,941,323 | 4,602,934 | 3,675,137 | 2,269,804 | 2,333,874 | 2,487,001 | 836,903 | 315,509 | 1,345,012 |
| total assets | 23,550,556 | 16,388,689 | 15,600,320 | 16,742,846 | 16,135,466 | 16,137,168 | 15,523,746 | 14,595,949 | 13,833,286 | 8,270,832 | 9,366,766 | 6,238,695 | 11,383,290 | 11,580,720 |
| Bank overdraft | 57,954 | 64,179 | 62,310 | 54,430 | 50,624 | 49,398 | 48,863 | 45,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,264 | 23,728 | 10,224 | 5,597 | 1,137 | 7,778 | 1,998 | 0 | 65,794 | 60,721 | 82,540 | 24,082 | 123,091 | 131,552 |
| Group/Directors Accounts | 19,864,586 | 12,856,104 | 11,580,120 | 11,356,329 | 15,929,918 | 16,050,838 | 15,363,404 | 14,676,706 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 52,684 | 152,144 | 27,078 | 344,909 | 265,834 | 11,520 | 70,214 | 12,574 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 19,976,488 | 13,096,155 | 11,679,732 | 11,761,265 | 16,247,513 | 16,119,534 | 15,484,479 | 14,735,196 | 65,794 | 60,721 | 82,540 | 24,082 | 123,091 | 131,552 |
| loans | 487,438 | 539,922 | 605,973 | 456,007 | 514,242 | 566,091 | 616,025 | 667,741 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,653,204 | 15,181,983 | 16,103,884 | 13,197,228 | 12,906,191 | 13,310,535 |
| provisions | 0 | 0 | 0 | 57,831 | 51,743 | 51,743 | 57,755 | 71,249 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 487,438 | 539,922 | 605,973 | 513,838 | 565,985 | 617,834 | 673,780 | 738,990 | 15,653,204 | 15,181,983 | 16,103,884 | 13,197,228 | 12,906,191 | 13,310,535 |
| total liabilities | 20,463,926 | 13,636,077 | 12,285,705 | 12,275,103 | 16,813,498 | 16,737,368 | 16,158,259 | 15,474,186 | 15,718,998 | 15,242,704 | 16,186,424 | 13,221,310 | 13,029,282 | 13,442,087 |
| net assets | 3,086,630 | 2,752,612 | 3,314,615 | 4,467,743 | -678,032 | -600,200 | -634,513 | -878,237 | -1,885,712 | -6,971,872 | -6,819,658 | -6,982,615 | -1,645,992 | -1,861,367 |
| total shareholders funds | 3,086,630 | 2,752,612 | 3,314,615 | 4,467,743 | -678,032 | -600,200 | -634,513 | -878,237 | -1,885,712 | -6,971,872 | -6,819,658 | -6,982,615 | -1,645,992 | -1,861,367 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,194 | 30,193 | 25,161 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,437,410 | 509,142 | -660,743 | 648,173 | -427,223 | 334,480 | 926,693 | 220,312 | -207,116 | -1,909,091 | 1,826,796 | -7,452,229 | -1,115 | 11,195,803 |
| Creditors | -22,464 | 13,504 | 4,627 | 4,460 | -6,641 | 5,780 | 1,998 | -65,794 | 5,073 | -21,819 | 58,458 | -99,009 | -8,461 | 131,552 |
| Accruals and Deferred Income | -99,460 | 125,066 | -317,831 | 79,075 | 254,314 | -58,694 | 57,640 | 12,574 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -57,831 | 6,088 | 0 | -6,012 | -13,494 | 71,249 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -587,674 | 1,999,999 | 388,435 | -1,724,967 | 2,000,000 | 0 | 5,809,217 | 859,631 | -55,672 | 2,187,336 | -1,363 | 121,663 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,008,482 | 1,275,984 | 223,791 | -4,573,589 | -120,920 | 687,434 | 686,698 | 14,676,706 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -52,484 | -66,051 | 149,966 | -58,235 | -51,849 | -49,934 | -51,716 | 667,741 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,653,204 | 471,221 | -921,901 | 2,906,656 | 291,037 | -404,344 | 13,310,535 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -275,543 | 279,227 | 105,891 | -40,792 | 37,086 | 3,909 | 1,104 | -3,339 | -8,954 | -21,313 | -152,717 | 120,298 | -194,952 | 262,754 |
| overdraft | -6,225 | 1,869 | 7,880 | 3,806 | 1,226 | 535 | 2,947 | 45,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -269,318 | 277,358 | 98,011 | -44,598 | 35,860 | 3,374 | -1,843 | -49,255 | -8,954 | -21,313 | -152,717 | 120,298 | -194,952 | 262,754 |
morntane limited Credit Report and Business Information
Morntane Limited Competitor Analysis
Perform a competitor analysis for morntane limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
morntane limited Ownership
MORNTANE LIMITED group structure
Morntane Limited has 7 subsidiary companies.
Ultimate parent company
MORNTANE LIMITED
01209203
7 subsidiaries
morntane limited directors
Morntane Limited currently has 2 directors. The longest serving directors include Mr Nicholas Mason (Jun 1991) and Ms Sharon Brittan (Aug 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Mason | England | 81 years | Jun 1991 | - | Director |
| Ms Sharon Brittan | United Kingdom | 57 years | Aug 2006 | - | Director |
P&L
June 2023turnover
67k
-87%
operating profit
496.1k
0%
gross margin
37.9%
-0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.1m
+0.12%
total assets
23.6m
+0.44%
cash
112.7k
-0.71%
net assets
Total assets minus all liabilities
morntane limited company details
company number
01209203
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 1975
age
50
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Bank
-
Legal Advisor
-
morntane 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 5 charges/mortgages relating to morntane limited. Currently there are 3 open charges and 2 have been satisfied in the past.
morntane 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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morntane limited Companies House Filings - See Documents
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