Pomanda estimates the enterprise value of MORRO PARTNERSHIPS LIMITED at £47.9m based on a Turnover of £78.7m and 0.61x industry multiple (adjusted for size and gross margin).
morro partnerships limitedEstimated Valuation
£6.8m
Pomanda estimates the enterprise value of MORRO PARTNERSHIPS LIMITED at £6.8m based on an EBITDA of £1.3m and a 5.25x industry multiple (adjusted for size and gross margin).
morro partnerships limitedEstimated Valuation
£15m
Pomanda estimates the enterprise value of MORRO PARTNERSHIPS LIMITED at £15m based on Net Assets of £10.6m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Morro Partnerships LimitedOverview
Morro Partnerships Limited is a live company located in cannock, WS11 0EJ with a Companies House number of 02216084. It operates in the development of building projects sector, SIC Code 41100. Founded in February 1988, it's largest shareholder is
morro group limited
with a 100% stake. Morro Partnerships Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£78.7m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Morro Partnerships Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £78.7m, make it larger than the average company (£4.7m)
£78.7m - Morro Partnerships Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.4%)
12% - Morro Partnerships Limited
8.4% - Industry AVG
Production
with a gross margin of 8.6%, this company has a higher cost of product (20.7%)
8.6% - Morro Partnerships Limited
20.7% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (5.6%)
1.5% - Morro Partnerships Limited
5.6% - Industry AVG
Employees
with 97 employees, this is above the industry average (13)
97 - Morro Partnerships Limited
13 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has a lower pay structure (£48.5k)
£35.3k - Morro Partnerships Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £811.4k, this is more efficient (£272.1k)
£811.4k - Morro Partnerships Limited
£272.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (33 days)
57 days - Morro Partnerships Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (33 days)
60 days - Morro Partnerships Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is less than average (154 days)
42 days - Morro Partnerships Limited
154 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 17 weeks, this is average cash available to meet short term requirements (16 weeks)
17 weeks - Morro Partnerships Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.4%, this is a similar level of debt than the average (71.8%)
73.4% - Morro Partnerships Limited
71.8% - Industry AVG
MORRO PARTNERSHIPS LIMITED financials
EXPORT
Morro Partnerships Limited's latest turnover from March 2024 is £78.7 million and the company has net assets of £10.6 million. According to their latest financial statements, Morro Partnerships Limited has 97 employees and maintains cash reserves of £9.7 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
78,702,907
67,022,494
63,515,220
56,169,170
55,802,305
57,318,441
47,544,549
30,052,673
29,817,489
29,395,944
19,948,126
12,448,549
10,350,283
8,767,602
7,766,375
Other Income Or Grants
Cost Of Sales
71,950,363
63,367,352
60,707,321
48,949,475
50,345,066
50,112,935
40,012,015
25,766,057
25,677,663
27,525,812
15,615,441
9,764,608
8,106,712
6,823,539
5,568,034
Gross Profit
6,752,544
3,655,142
2,807,899
7,219,695
5,457,239
7,205,506
7,532,534
4,286,616
4,139,826
1,870,132
4,332,685
2,683,941
2,243,571
1,944,063
2,198,341
Admin Expenses
5,554,252
4,324,465
2,857,222
2,104,259
2,072,564
1,954,565
1,591,606
1,434,147
1,333,687
1,037,621
2,825,456
2,642,066
1,143,227
1,162,002
676,968
Operating Profit
1,198,292
-669,323
-49,323
5,115,436
3,384,675
5,250,941
5,940,928
2,852,469
2,806,139
832,511
1,507,229
41,875
1,100,344
782,061
1,521,373
Interest Payable
3,492
2,137
14,301
11,911
49,782
54,250
60,298
Interest Receivable
266,999
102,925
7,040
13,922
105,145
71,283
18,613
14,403
52,361
18,457
12,719
35,047
1,201
Pre-Tax Profit
1,461,799
-566,398
-42,283
5,145,532
3,489,820
5,322,224
5,957,404
2,852,571
2,858,500
850,968
1,519,948
65,011
1,050,562
727,811
1,462,276
Tax
-199,793
137,902
-19,648
-986,996
-516,573
-1,010,705
-1,131,348
-572,147
-571,241
-175,045
-348,542
102,250
-218,929
5,697
-295,985
Profit After Tax
1,262,006
-428,496
-61,931
4,158,536
2,973,247
4,311,519
4,826,056
2,280,424
2,287,259
675,923
1,171,406
167,261
831,633
733,508
1,166,291
Dividends Paid
15,618,042
1,894,953
3,250
2,241,738
640,200
137,000
184,400
48,000
48,000
44,000
Retained Profit
1,262,006
-16,046,538
-1,956,884
4,158,536
2,973,247
4,308,269
4,826,056
38,686
1,647,059
538,923
987,006
167,261
783,633
685,508
1,122,291
Employee Costs
3,421,485
4,239,283
3,695,017
3,140,768
2,973,316
2,731,438
2,814,411
1,977,799
2,032,901
1,703,710
1,258,427
768,064
668,325
573,950
741,906
Number Of Employees
97
90
90
78
77
74
59
46
51
48
38
26
24
25
16
EBITDA*
1,295,243
-624,796
-4,067
5,189,846
3,470,040
5,312,429
5,984,231
2,895,034
2,855,511
886,472
1,532,890
55,338
1,114,064
792,922
1,533,623
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
303,429
345,602
144,747
233,814
268,511
198,055
133,809
131,248
152,293
166,725
81,473
44,962
46,540
39,227
44,573
Intangible Assets
258,066
56,411
Investments & Other
17,995
17,995
17,995
17,995
17,995
17,995
17,995
17,995
34,495
34,495
147,495
34,495
34,495
10,716,685
2,417,812
Debtors (Due After 1 year)
1,652,481
1,664,247
1,916,409
1,369,797
1,392,639
1,899,360
976,752
422,755
286,308
2,106,565
255,786
149,600
186,853
57,568
55,300
Total Fixed Assets
2,231,971
2,084,255
2,079,151
1,621,606
1,679,145
2,115,410
1,128,556
571,998
473,096
2,307,785
484,754
229,057
267,888
10,813,480
2,517,685
Stock & work in progress
8,451,543
8,961,733
6,962,532
7,218,634
6,807,452
6,796,988
6,354,910
7,874,951
4,651,096
3,930,401
5,280,311
5,046,099
5,499,225
5,795,533
5,680,347
Trade Debtors
12,387,406
10,056,938
9,067,525
8,789,189
5,404,016
5,769,090
6,181,339
3,469,421
3,044,610
6,920,234
2,779,623
1,625,737
1,113,996
1,245,593
912,584
Group Debtors
3,311,044
2,142,421
7,777,308
3,187,024
1,767,185
14,531
13,957
12,731
704,780
552,980
671,545
969,442
5,459,224
10,000
Misc Debtors
3,774,197
3,244,594
1,881,716
2,133,134
1,090,629
1,002,401
575,670
591,459
501,594
40,189
298,876
227,602
24,974
243,228
159,595
Cash
9,744,130
10,584,761
11,737,277
18,170,746
18,947,812
15,158,732
11,615,832
6,188,021
6,314,719
3,131,101
3,535,131
2,584,176
751,341
31,534
4,198,448
misc current assets
total current assets
37,668,320
34,990,447
37,426,358
39,498,727
34,017,094
28,741,742
24,741,708
18,136,583
15,216,799
14,574,905
12,565,486
10,453,056
12,848,760
7,325,888
10,950,974
total assets
39,900,291
37,074,702
39,505,509
41,120,333
35,696,239
30,857,152
25,870,264
18,708,581
15,689,895
16,882,690
13,050,240
10,682,113
13,116,648
18,139,368
13,468,659
Bank overdraft
Bank loan
211,990
199,684
192,472
Trade Creditors
12,024,240
10,769,949
4,798,452
4,238,981
2,720,119
4,129,174
9,194,271
6,446,961
4,268,735
4,999,480
2,784,511
1,766,859
1,680,777
2,082,933
1,270,058
Group/Directors Accounts
1,346,104
1,346,104
507
5,233
11,580
14,759
813,664
3,291
1,836
1,836
2,338,833
2,863,915
2,430,794
other short term finances
hp & lease commitments
other current liabilities
15,816,744
15,697,903
9,407,407
9,623,067
9,873,999
6,609,735
864,152
476,931
485,629
1,490,004
422,536
59,067
414,958
83,913
266,291
total current liabilities
29,187,088
27,813,956
14,205,859
13,862,555
12,599,351
10,750,489
10,073,182
7,737,556
4,754,364
6,492,775
3,208,883
1,827,762
4,646,558
5,230,445
4,159,615
loans
35,000
251,493
456,575
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
81,291
19,400
20,644
18,290
1,312
3,192
9,635
2,050
3,147
total long term liabilities
81,291
19,400
20,644
18,290
1,312
3,192
9,635
35,000
253,543
459,722
total liabilities
29,268,379
27,813,956
14,225,259
13,883,199
12,617,641
10,751,801
10,073,182
7,737,556
4,757,556
6,502,410
3,208,883
1,827,762
4,681,558
5,483,988
4,619,337
net assets
10,631,912
9,260,746
25,280,250
27,237,134
23,078,598
20,105,351
15,797,082
10,971,025
10,932,339
10,380,280
9,841,357
8,854,351
8,435,090
12,655,380
8,849,322
total shareholders funds
10,631,912
9,260,746
25,280,250
27,237,134
23,078,598
20,105,351
15,797,082
10,971,025
10,932,339
10,380,280
9,841,357
8,854,351
8,435,090
12,655,380
8,849,322
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
1,198,292
-669,323
-49,323
5,115,436
3,384,675
5,250,941
5,940,928
2,852,469
2,806,139
832,511
1,507,229
41,875
1,100,344
782,061
1,521,373
Depreciation
71,213
42,313
45,256
74,410
85,365
61,488
43,303
42,565
49,372
53,961
25,661
13,463
13,720
10,861
12,250
Amortisation
25,738
2,214
Tax
-199,793
137,902
-19,648
-986,996
-516,573
-1,010,705
-1,131,348
-572,147
-571,241
-175,045
-348,542
102,250
-218,929
5,697
-295,985
Stock
-510,190
1,999,201
-256,102
411,182
10,464
442,078
-1,520,041
3,223,855
720,695
-1,349,910
234,212
-453,126
-296,308
115,186
5,680,347
Debtors
4,016,928
-3,534,758
5,163,814
5,824,675
969,087
937,664
3,251,352
-40,926
-5,082,676
5,614,138
1,033,449
-3,812,666
5,228,658
428,910
1,127,479
Creditors
1,254,291
5,971,497
559,471
1,518,862
-1,409,055
-5,065,097
2,747,310
2,178,226
-730,745
2,214,969
1,017,652
86,082
-402,156
812,875
1,270,058
Accruals and Deferred Income
118,841
6,290,496
-215,660
-250,932
3,264,264
5,745,583
387,221
-8,698
-1,004,375
1,067,468
363,469
-355,891
331,045
-182,378
266,291
Deferred Taxes & Provisions
81,291
-19,400
-1,244
2,354
16,978
1,312
-3,192
-6,443
9,635
-2,050
-1,097
3,147
Cash flow from operations
-956,865
13,291,256
-4,588,860
-762,723
3,846,103
3,603,780
6,256,103
1,306,294
4,904,688
-260,729
1,297,808
4,153,571
-4,110,376
883,923
-4,030,692
Investing Activities
capital expenditure
-256,433
-301,793
43,811
-39,713
-155,821
-125,734
-47,493
-8,600
-37,088
-28,809
175,172
-15,146
10,646,465
-8,305,558
-2,408,193
Change in Investments
-16,500
-113,000
113,000
-10,682,190
8,298,873
2,417,812
cash flow from investments
-256,433
-301,793
43,811
-39,713
-155,821
-125,734
-47,493
7,900
-37,088
84,191
62,172
-15,146
21,328,655
-16,604,431
-4,826,005
Financing Activities
Bank loans
-211,990
12,306
7,212
192,472
Group/Directors Accounts
1,346,104
-507
-4,726
-6,347
-3,179
-798,905
813,664
-3,291
1,455
-2,336,997
-525,082
433,121
2,430,794
Other Short Term Loans
Long term loans
-35,000
-216,493
-205,082
456,575
Hire Purchase and Lease Commitments
other long term liabilities
share issue
109,160
27,034
1
-1,095,000
252,000
-5,003,923
3,120,550
7,727,031
interest
263,507
102,925
7,040
13,922
105,145
71,283
16,476
102
52,361
18,457
12,719
23,136
-49,782
-54,250
-59,097
cash flow from financing
372,667
1,476,063
6,533
9,196
98,798
68,104
-782,428
813,766
-1,045,930
19,912
12,719
-2,308,851
-5,782,974
3,301,551
10,747,775
cash and cash equivalents
cash
-840,631
-1,152,516
-6,433,469
-777,066
3,789,080
3,542,900
5,427,811
-126,698
3,183,618
-404,030
950,955
1,832,835
719,807
-4,166,914
4,198,448
overdraft
change in cash
-840,631
-1,152,516
-6,433,469
-777,066
3,789,080
3,542,900
5,427,811
-126,698
3,183,618
-404,030
950,955
1,832,835
719,807
-4,166,914
4,198,448
morro partnerships limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for morro partnerships limited. Get real-time insights into morro partnerships limited's credit score, group structure and payment trends.
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morro partnerships limited Ownership
MORRO PARTNERSHIPS LIMITED group structure
Morro Partnerships Limited has 1 subsidiary company.
The sole shareholder of Morro Partnerships Limited is Morro Group Limited.
morro group limited
100%
morro partnerships limited directors
Morro Partnerships Limited currently has 5 directors.
The longest serving directors include
Mr Clive Jessup (Dec 1991) and
Mr Matthew Moore (Mar 2022).
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 31 charges/mortgages relating to morro partnerships limited. Currently there are 4 open charges and 27 have been satisfied in the past.
morro partnerships 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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morro partnerships limitedCompanies House Filings - See Documents
