les morgan scaffolding limited
les morgan scaffolding limited Company Information
Company Number
01977066
Next Accounts
Mar 2025
Shareholders
l. morgan
mrs m. morgan
Group Structure
View All
Industry
Scaffold erection
Registered Address
3rd floor regent house, bath avenue, wolverhampton, WV1 4EG
Website
-les morgan scaffolding limited Estimated Valuation
Pomanda estimates the enterprise value of LES MORGAN SCAFFOLDING LIMITED at £282.6k based on a Turnover of £808.1k and 0.35x industry multiple (adjusted for size and gross margin).
les morgan scaffolding limited Estimated Valuation
Pomanda estimates the enterprise value of LES MORGAN SCAFFOLDING LIMITED at £923.2k based on an EBITDA of £269.5k and a 3.43x industry multiple (adjusted for size and gross margin).
les morgan scaffolding limited Estimated Valuation
Pomanda estimates the enterprise value of LES MORGAN SCAFFOLDING LIMITED at £2.3m based on Net Assets of £969.1k and 2.32x industry multiple (adjusted for liquidity).
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Les Morgan Scaffolding Limited Overview
Les Morgan Scaffolding Limited is a dissolved company that was located in wolverhampton, WV1 4EG with a Companies House number of 01977066. It operated in the scaffold erection sector, SIC Code 43991. Founded in January 1986, it's largest shareholder was l. morgan with a 51% stake. The last turnover for Les Morgan Scaffolding Limited was estimated at £808.1k.
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Les Morgan Scaffolding Limited Health Check
Pomanda's financial health check has awarded Les Morgan Scaffolding Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £808.1k, make it in line with the average company (£985.4k)
- Les Morgan Scaffolding Limited
£985.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.2%)
- Les Morgan Scaffolding Limited
9.2% - Industry AVG
Production
with a gross margin of 30.2%, this company has a higher cost of product (39%)
- Les Morgan Scaffolding Limited
39% - Industry AVG
Profitability
an operating margin of 30.2% make it more profitable than the average company (10.4%)
- Les Morgan Scaffolding Limited
10.4% - Industry AVG
Employees
with 16 employees, this is below the industry average (24)
16 - Les Morgan Scaffolding Limited
24 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has an equivalent pay structure (£37.8k)
- Les Morgan Scaffolding Limited
£37.8k - Industry AVG
Efficiency
resulting in sales per employee of £50.5k, this is less efficient (£80.4k)
- Les Morgan Scaffolding Limited
£80.4k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (63 days)
- Les Morgan Scaffolding Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (29 days)
- Les Morgan Scaffolding Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Les Morgan Scaffolding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 309 weeks, this is more cash available to meet short term requirements (13 weeks)
309 weeks - Les Morgan Scaffolding Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.4%, this is a lower level of debt than the average (54.2%)
14.4% - Les Morgan Scaffolding Limited
54.2% - Industry AVG
LES MORGAN SCAFFOLDING LIMITED financials
Les Morgan Scaffolding Limited's latest turnover from March 2018 is estimated at £808.1 thousand and the company has net assets of £969.1 thousand. According to their latest financial statements, Les Morgan Scaffolding Limited has 16 employees and maintains cash reserves of £887.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 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 | 16 | 15 | 14 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 75,554 | 80,356 | 98,992 | 120,018 | 104,944 | 81,611 | 73,677 | 84,435 | 50,923 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 75,554 | 80,356 | 98,992 | 120,018 | 104,944 | 81,611 | 73,677 | 84,435 | 50,923 |
| Stock & work in progress | |||||||||
| Trade Debtors | 169,119 | 202,790 | 240,525 | 203,331 | 146,242 | 185,283 | 142,277 | 139,394 | 122,145 |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 887,604 | 719,428 | 459,911 | 256,726 | 166,594 | 47,661 | 56,940 | ||
| misc current assets | |||||||||
| total current assets | 1,056,723 | 922,218 | 700,436 | 460,057 | 312,836 | 232,944 | 199,217 | 139,394 | 122,145 |
| total assets | 1,132,277 | 1,002,574 | 799,428 | 580,075 | 417,780 | 314,555 | 272,894 | 223,829 | 173,068 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 149,263 | 219,063 | 153,939 | 147,737 | 145,319 | 161,666 | 156,180 | 135,022 | 124,758 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 149,263 | 219,063 | 153,939 | 147,737 | 145,319 | 161,666 | 156,180 | 135,022 | 124,758 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 2,622 | 13,418 | 39,426 | 833 | |||||
| provisions | 13,872 | 15,451 | 19,042 | 22,082 | 14,245 | 8,098 | 7,808 | 8,639 | 6,258 |
| total long term liabilities | 13,872 | 15,451 | 19,042 | 22,082 | 14,245 | 10,720 | 21,226 | 48,065 | 7,091 |
| total liabilities | 163,135 | 234,514 | 172,981 | 169,819 | 159,564 | 172,386 | 177,406 | 183,087 | 131,849 |
| net assets | 969,142 | 768,060 | 626,447 | 410,256 | 258,216 | 142,169 | 95,488 | 40,742 | 41,219 |
| total shareholders funds | 969,142 | 768,060 | 626,447 | 410,256 | 258,216 | 142,169 | 95,488 | 40,742 | 41,219 |
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 25,243 | 19,700 | 24,842 | 30,202 | 24,796 | 21,245 | 19,222 | 23,186 | 12,318 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -33,671 | -37,735 | 37,194 | 57,089 | -39,041 | 43,006 | 2,883 | 17,249 | 122,145 |
| Creditors | -69,800 | 65,124 | 6,202 | 2,418 | -16,347 | 5,486 | 21,158 | 10,264 | 124,758 |
| Accruals and Deferred Income | |||||||||
| Deferred Taxes & Provisions | -1,579 | -3,591 | -3,040 | 7,837 | 6,147 | 290 | -831 | 2,381 | 6,258 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -2,622 | -10,796 | -26,008 | 38,593 | 833 | ||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 168,176 | 259,517 | 203,185 | 90,132 | 118,933 | -9,279 | 56,940 | ||
| overdraft | |||||||||
| change in cash | 168,176 | 259,517 | 203,185 | 90,132 | 118,933 | -9,279 | 56,940 |
les morgan scaffolding limited Credit Report and Business Information
Les Morgan Scaffolding Limited Competitor Analysis
Perform a competitor analysis for les morgan scaffolding limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in WV1 area or any other competitors across 12 key performance metrics.
les morgan scaffolding limited Ownership
LES MORGAN SCAFFOLDING LIMITED group structure
Les Morgan Scaffolding Limited has no subsidiary companies.
Ultimate parent company
LES MORGAN SCAFFOLDING LIMITED
01977066
les morgan scaffolding limited directors
Les Morgan Scaffolding Limited currently has 2 directors. The longest serving directors include Mr Leslie Morgan (Aug 1991) and Ms Marion Morgan (Apr 1995).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leslie Morgan | 77 years | Aug 1991 | - | Director | |
| Ms Marion Morgan | 75 years | Apr 1995 | - | Director |
P&L
March 2018turnover
808.1k
-9%
operating profit
244.2k
0%
gross margin
30.3%
-8.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2018net assets
969.1k
+0.26%
total assets
1.1m
+0.13%
cash
887.6k
+0.23%
net assets
Total assets minus all liabilities
les morgan scaffolding limited company details
company number
01977066
Type
Private limited with Share Capital
industry
43991 - Scaffold erection
incorporation date
January 1986
age
39
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2018
previous names
makecover limited (February 1986)
accountant
-
auditor
-
address
3rd floor regent house, bath avenue, wolverhampton, WV1 4EG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
les morgan scaffolding 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 1 charges/mortgages relating to les morgan scaffolding limited. Currently there are 0 open charges and 1 have been satisfied in the past.
les morgan scaffolding 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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les morgan scaffolding limited Companies House Filings - See Documents
| date | description | view/download |
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