Morgan Ritchie Limited

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morgan ritchie limited Company Information

Live (In Liquidation)

MatureSmallRapid

Company Number

01936867

Next Accounts

205 days late

Industry

Buying and selling of own real estate

Directors

Sally Sim

Gillian Hughes

Shareholders

sally anne sim

michael i.b hughes

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Group Structure

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Contact

Registered Address

frp advisory trading ltd derby h, winckley square, preston, lancashire, PR1 3JJ

Website

https://www.morganritchiepropertyservices.co.uk

morgan ritchie limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MORGAN RITCHIE LIMITED at £1.3m based on a Turnover of £696k and 1.94x industry multiple (adjusted for size and gross margin).

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Morgan Ritchie Limited is a live company located in preston, PR1 3JJ with a Companies House number of 01936867. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in August 1985, it's largest shareholder is sally anne sim with a 20% stake. Morgan Ritchie Limited is a mature, small sized company, Pomanda has estimated its turnover at £696k with rapid growth in recent years.

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Pomanda's financial health check has awarded Morgan Ritchie 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 Rating4out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £696k, make it in line with the average company (£828.5k)

Growth

3 year (CAGR) sales growth of 88%, show it is growing at a faster rate (1.4%)

EXPORT

Morgan Ritchie Limited's latest turnover from August 2022 is estimated at £696 thousand and the company has net assets of £310.1 thousand. According to their latest financial statements, Morgan Ritchie Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	696,011	114,132	83,675	104,301	25,010	48,739	3,057	20,466	17,054	11,984	18,560	16,204	6,178	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	505,700	85,075	65,880	78,718	18,686	37,097	2,310	15,611	13,392	9,578	14,670	13,063	5,073	0
Gross Profit	190,312	29,057	17,795	25,583	6,323	11,642	747	4,855	3,662	2,406	3,890	3,141	1,105	0
Admin Expenses	-53,953	31,539	30,057	-3,306	-828	3,978	-2,811	10,537	-1,073	3,349	4,485	3,350	-795	-150,513
Operating Profit	244,265	-2,482	-12,262	28,889	7,151	7,664	3,558	-5,682	4,735	-943	-595	-209	1,900	150,513
Interest Payable	0	0	0	3,837	7,961	7,893	4,074	0	0	0	0	0	0	0
Interest Receivable	0	0	0	52	95	26	23	185	285	289	954	919	323	154
Pre-Tax Profit	244,265	-2,482	-12,262	25,104	-716	-202	-492	-5,497	5,020	-654	359	710	2,224	150,667
Tax	-46,410	0	0	-4,770	0	0	0	0	-1,054	0	-438	-477	-623	-42,187
Profit After Tax	197,855	-2,482	-12,262	20,334	-716	-202	-492	-5,497	3,966	-654	-79	233	1,601	108,480
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	197,855	-2,482	-12,262	20,334	-716	-202	-492	-5,497	3,966	-654	-79	233	1,601	108,480
Employee Costs	72,993	71,743	74,036	38,697	36,407	68,030	36,705	34,461	36,476	35,167	33,332	33,174	34,285	0
Number Of Employees	2	2	2	1	1	2	1	1	1	1	1	1	1	0
EBITDA*	244,265	-2,482	-12,262	28,889	14,663	14,971	10,925	1,759	9,454	1,799	2,204	2,533	4,551	153,237

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	112,648	124,869	129,448	134,085	261,961	267,758	275,064	282,431	153,304	157,836	59,188	61,107	62,833	65,484
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	112,648	124,869	129,448	134,085	261,961	267,758	275,064	282,431	153,304	157,836	59,188	61,107	62,833	65,484
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	264,145	31,425	17,049	29,549	550	550	550	1,668	1,449	1,312	1,347	798	340	440
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,187	1,191	1,148	1,053	3,074	3,092	1,058	0	0	0	0	0	0	0
Cash	0	0	0	0	13,950	11,353	9,803	8,927	64,911	49,025	66,423	69,930	67,811	61,527
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	265,332	32,616	18,197	30,602	17,574	14,995	11,411	10,595	66,360	50,337	67,770	70,728	68,151	61,967
total assets	377,980	157,485	147,645	164,687	279,535	282,753	286,475	293,026	219,664	208,173	126,958	131,835	130,984	127,451
Bank overdraft	0	0	0	0	0	4,202	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	67,895	45,255	32,933	37,713	0	0	0	45,777	30,112	19,557	15,285	20,044	19,903	17,971
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	57,654	51,841	47,552	0	0	0	438	477	0	0
total current liabilities	67,895	45,255	32,933	37,713	57,654	56,043	47,552	45,777	30,112	19,557	15,723	20,521	19,903	17,971
loans	0	0	0	0	113,692	117,999	130,365	0	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	138,199	75,005	78,035	0	0	0	0
provisions	0	0	0	0	549	355	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	114,241	118,354	130,365	138,199	75,005	78,035	0	0	0	0
total liabilities	67,895	45,255	32,933	37,713	171,895	174,397	177,917	183,976	105,117	97,592	15,723	20,521	19,903	17,971
net assets	310,085	112,230	114,712	126,974	107,640	108,356	108,558	109,050	114,547	110,581	111,235	111,314	111,081	109,480
total shareholders funds	310,085	112,230	114,712	126,974	107,640	108,356	108,558	109,050	114,547	110,581	111,235	111,314	111,081	109,480

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	244,265	-2,482	-12,262	28,889	7,151	7,664	3,558	-5,682	4,735	-943	-595	-209	1,900	150,513
Depreciation	0	0	0	0	7,512	7,307	7,367	7,441	4,719	2,742	2,799	2,742	2,651	2,724
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-46,410	0	0	-4,770	0	0	0	0	-1,054	0	-438	-477	-623	-42,187
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	232,716	14,419	-12,405	26,978	-18	2,034	-60	219	137	-35	549	458	-100	440
Creditors	22,640	12,322	-4,780	37,713	0	0	-45,777	15,665	10,555	4,272	-4,759	141	1,932	17,971
Accruals and Deferred Income	0	0	0	-57,654	5,813	4,289	47,552	0	0	-438	-39	477	0	0
Deferred Taxes & Provisions	0	0	0	-549	194	355	0	0	0	0	0	0	0	0
Cash flow from operations	-12,221	-4,579	-4,637	-23,349	20,688	17,581	12,760	17,205	18,818	5,668	-3,581	2,216	5,960	128,581
Investing Activities
capital expenditure	12,221	4,579	4,637	127,876	-1,715	-1	0	-136,568	-187	-101,390	-880	-1,016	0	-68,208
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	12,221	4,579	4,637	127,876	-1,715	-1	0	-136,568	-187	-101,390	-880	-1,016	0	-68,208
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	-113,692	-4,307	-12,366	130,365	0	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	-138,199	63,194	-3,030	78,035	0	0	0	0
share issue	0	0	0	-1,000	0	0	0	0	0	0	0	0	0	1,000
interest	0	0	0	-3,785	-7,866	-7,867	-4,051	185	285	289	954	919	323	154
cash flow from financing	0	0	0	-118,477	-12,173	-20,233	-11,885	63,379	-2,745	78,324	954	919	323	1,154
cash and cash equivalents
cash	0	0	0	-13,950	2,597	1,550	876	-55,984	15,886	-17,398	-3,507	2,119	6,284	61,527
overdraft	0	0	0	0	-4,202	4,202	0	0	0	0	0	0	0	0
change in cash	0	0	0	-13,950	6,799	-2,652	876	-55,984	15,886	-17,398	-3,507	2,119	6,284	61,527

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORGAN RITCHIE LIMITED group structure

Morgan Ritchie Limited has no subsidiary companies.

Ultimate parent company

MORGAN RITCHIE LIMITED

01936867

MORGAN RITCHIE LIMITED Shareholders

sally anne sim	20%
michael i.b hughes	20%
gillian susan hughes	20%
patrick a.m hughes	20%
elizabeth c. hughes	20%

Morgan Ritchie Limited currently has 2 directors. The longest serving directors include Ms Sally Sim (Nov 1991) and Miss Gillian Hughes (Nov 1991).

officer	country	age	start	end	role
Ms Sally Sim		63 years	Nov 1991	-	Director
Miss Gillian Hughes		64 years	Nov 1991	-	Director

P&L

August 2022

turnover

696k

+510%

operating profit

244.3k

gross margin

27.4%

+7.4%

turnover

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

Balance Sheet

August 2022

net assets

310.1k

+1.76%

total assets

378k

+1.4%

cash

net assets

Total assets minus all liabilities

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company number

01936867

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

August 1985

ultimate parent company

None

previous names

N/A

address

frp advisory trading ltd derby h, winckley square, preston, lancashire, PR1 3JJ

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 7 charges/mortgages relating to morgan ritchie limited. Currently there are 2 open charges and 5 have been satisfied in the past.

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 ritchie limited Company Information

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morgan ritchie limited Estimated Valuation

morgan ritchie limited Estimated Valuation

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MORGAN RITCHIE LIMITED financials

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