morvend limited
morvend limited Company Information
Company Number
02292634
Next Accounts
Sep 2025
Industry
Other food service activities
Shareholders
e.c. morton
sally anne morton
Group Structure
View All
Contact
Registered Address
the woodlands,badley, needham market, ipswich, suffolk, IP6 8RS
Website
www.morvend.co.ukmorvend limited Estimated Valuation
Pomanda estimates the enterprise value of MORVEND LIMITED at £2.6m based on a Turnover of £5m and 0.52x industry multiple (adjusted for size and gross margin).
morvend limited Estimated Valuation
Pomanda estimates the enterprise value of MORVEND LIMITED at £1.3m based on an EBITDA of £276.3k and a 4.79x industry multiple (adjusted for size and gross margin).
morvend limited Estimated Valuation
Pomanda estimates the enterprise value of MORVEND LIMITED at £1.7m based on Net Assets of £606.3k and 2.88x industry multiple (adjusted for liquidity).
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Morvend Limited Overview
Morvend Limited is a live company located in ipswich, IP6 8RS with a Companies House number of 02292634. It operates in the other food services sector, SIC Code 56290. Founded in September 1988, it's largest shareholder is e.c. morton with a 66.7% stake. Morvend Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with healthy growth in recent years.
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Morvend Limited Health Check
Pomanda's financial health check has awarded Morvend Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £5m, make it larger than the average company (£3.7m)
- Morvend Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (10.4%)
- Morvend Limited
10.4% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
- Morvend Limited
25.1% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (2.8%)
- Morvend Limited
2.8% - Industry AVG
Employees
with 54 employees, this is above the industry average (32)
54 - Morvend Limited
32 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Morvend Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £93.3k, this is more efficient (£77.7k)
- Morvend Limited
£77.7k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (31 days)
- Morvend Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is close to average (34 days)
- Morvend Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 46 days, this is more than average (12 days)
- Morvend Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Morvend Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.5%, this is a lower level of debt than the average (67.7%)
60.5% - Morvend Limited
67.7% - Industry AVG
MORVEND LIMITED financials
Morvend Limited's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £606.3 thousand. According to their latest financial statements, Morvend Limited has 54 employees and maintains cash reserves of £7.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 54 | 50 | 42 | 47 | 49 | 52 | 52 | 53 | 53 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 594,765 | 670,187 | 448,164 | 352,606 | 333,110 | 408,261 | 435,774 | 450,617 | 457,636 | 474,633 | 518,241 | 379,747 | 407,024 | 469,463 | 407,980 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 55,221 | 113,067 | 330,270 | 420,610 | 510,950 | 269,968 | 284,708 | 316,343 | 347,979 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 594,766 | 670,188 | 448,165 | 352,607 | 333,111 | 408,262 | 491,995 | 564,684 | 788,906 | 896,243 | 1,030,191 | 650,715 | 692,732 | 786,806 | 756,959 |
| Stock & work in progress | 485,215 | 475,640 | 464,126 | 482,419 | 504,542 | 464,838 | 486,942 | 452,126 | 485,014 | 461,826 | 447,726 | 392,285 | 390,139 | 367,729 | 364,529 |
| Trade Debtors | 445,309 | 423,108 | 300,683 | 221,191 | 334,424 | 281,916 | 325,378 | 273,728 | 261,839 | 239,134 | 261,167 | 183,579 | 196,432 | 182,040 | 186,145 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 500 | 7,420 | 5,236 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 7,678 | 446 | 21,699 | 46,262 | 494 | 455 | 470 | 39 | 413 | 37 | 667 | 319 | 432 | 37 | 91,981 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 938,202 | 899,694 | 793,928 | 755,108 | 839,460 | 747,209 | 812,790 | 725,893 | 747,266 | 700,997 | 709,560 | 576,183 | 587,003 | 549,806 | 642,655 |
| total assets | 1,532,968 | 1,569,882 | 1,242,093 | 1,107,715 | 1,172,571 | 1,155,471 | 1,304,785 | 1,290,577 | 1,536,172 | 1,597,240 | 1,739,751 | 1,226,898 | 1,279,735 | 1,336,612 | 1,399,614 |
| Bank overdraft | 30,000 | 147,949 | 54,454 | 73,807 | 153,237 | 166,207 | 136,573 | 71,258 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 352,869 | 287,652 | 262,585 | 104,428 | 207,297 | 272,307 | 327,904 | 304,459 | 632,690 | 615,932 | 642,160 | 390,098 | 472,186 | 531,757 | 530,208 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 134,317 | 108,760 | 38,176 | 17,823 | 17,823 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 167,291 | 118,926 | 109,406 | 84,270 | 116,779 | 131,354 | 148,776 | 185,358 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 684,477 | 663,287 | 464,621 | 280,328 | 495,136 | 569,868 | 613,253 | 561,075 | 632,690 | 615,932 | 642,160 | 390,098 | 472,186 | 531,757 | 530,208 |
| loans | 60,000 | 99,439 | 206,192 | 283,337 | 134,178 | 204,809 | 229,375 | 216,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 103,048 | 150,875 | 0 | 0 | 32,334 | 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 | 0 |
| other liabilities | 0 | 0 | 40,556 | 14,511 | 0 | 0 | 14,827 | 50,611 | 289,559 | 345,282 | 393,024 | 90,046 | 68,725 | 69,232 | 118,305 |
| provisions | 79,177 | 105,030 | 55,603 | 36,634 | 21,614 | 0 | 9,146 | 10,006 | 28,083 | 19,167 | 16,541 | 6,500 | 16,500 | 12,500 | 0 |
| total long term liabilities | 242,225 | 355,344 | 302,351 | 334,482 | 188,126 | 204,809 | 253,348 | 277,442 | 317,642 | 364,449 | 409,565 | 96,546 | 85,225 | 81,732 | 118,305 |
| total liabilities | 926,702 | 1,018,631 | 766,972 | 614,810 | 683,262 | 774,677 | 866,601 | 838,517 | 950,332 | 980,381 | 1,051,725 | 486,644 | 557,411 | 613,489 | 648,513 |
| net assets | 606,266 | 551,251 | 475,121 | 492,905 | 489,309 | 380,794 | 438,184 | 452,060 | 585,840 | 616,859 | 688,026 | 740,254 | 722,324 | 723,123 | 751,101 |
| total shareholders funds | 606,266 | 551,251 | 475,121 | 492,905 | 489,309 | 380,794 | 438,184 | 452,060 | 585,840 | 616,859 | 688,026 | 740,254 | 722,324 | 723,123 | 751,101 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 184,138 | 152,559 | 89,179 | 95,888 | 117,712 | 102,867 | 98,677 | 112,321 | 109,758 | 99,294 | 91,404 | 151,092 | 158,563 | 148,500 | 197,739 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 55,220 | 57,848 | 58,720 | 90,340 | 90,340 | 35,120 | 32,240 | 31,635 | 31,635 | 66,463 |
| Tax | |||||||||||||||
| Stock | 9,575 | 11,514 | -18,293 | -22,123 | 39,704 | -22,104 | 34,816 | -32,888 | 23,188 | 14,100 | 55,441 | 2,146 | 22,410 | 3,200 | 364,529 |
| Debtors | 21,701 | 115,505 | 81,676 | -107,997 | 52,508 | -43,462 | 51,650 | 11,889 | 22,705 | -22,033 | 77,588 | -12,853 | 14,392 | -4,105 | 186,145 |
| Creditors | 65,217 | 25,067 | 158,157 | -102,869 | -65,010 | -55,597 | 23,445 | -328,231 | 16,758 | -26,228 | 252,062 | -82,088 | -59,571 | 1,549 | 530,208 |
| Accruals and Deferred Income | 48,365 | 9,520 | 25,136 | -32,509 | -14,575 | -17,422 | -36,582 | 185,358 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -25,853 | 49,427 | 18,969 | 15,020 | 21,614 | -9,146 | -860 | -18,077 | 8,916 | 2,626 | 10,041 | -10,000 | 4,000 | 12,500 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -39,439 | -106,753 | -77,145 | 149,159 | -70,631 | -24,566 | 12,550 | 216,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -22,270 | 221,459 | 20,353 | -32,334 | 50,157 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -40,556 | 26,045 | 14,511 | 0 | -14,827 | -35,784 | -238,948 | -55,723 | -47,742 | 302,978 | 21,321 | -507 | -49,073 | 118,305 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 7,232 | -21,253 | -24,563 | 45,768 | 39 | -15 | 431 | -374 | 376 | -630 | 348 | -113 | 395 | -91,944 | 91,981 |
| overdraft | -117,949 | 93,495 | -19,353 | -79,430 | -12,970 | 29,634 | 65,315 | 71,258 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 125,181 | -114,748 | -5,210 | 125,198 | 13,009 | -29,649 | -64,884 | -71,632 | 376 | -630 | 348 | -113 | 395 | -91,944 | 91,981 |
morvend limited Credit Report and Business Information
Morvend Limited Competitor Analysis
Perform a competitor analysis for morvend limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in IP6 area or any other competitors across 12 key performance metrics.
morvend limited Ownership
MORVEND LIMITED group structure
Morvend Limited has no subsidiary companies.
Ultimate parent company
MORVEND LIMITED
02292634
morvend limited directors
Morvend Limited currently has 6 directors. The longest serving directors include Mr Eric Morton (Apr 1992) and Mrs Sally Morton (Dec 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Morton | England | 69 years | Apr 1992 | - | Director |
| Mrs Sally Morton | 66 years | Dec 1997 | - | Director | |
| Mr Owen Ramsden | England | 64 years | Feb 2004 | - | Director |
| Mrs Olivia O'Reilly | 37 years | Mar 2024 | - | Director | |
| Mrs Karina Morton-Mann | 31 years | Mar 2024 | - | Director | |
| Mrs Fenella Blyth | 38 years | Mar 2024 | - | Director |
P&L
December 2023turnover
5m
+24%
operating profit
92.1k
0%
gross margin
25.2%
-5.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
606.3k
+0.1%
total assets
1.5m
-0.02%
cash
7.7k
+16.22%
net assets
Total assets minus all liabilities
morvend limited company details
company number
02292634
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
September 1988
age
36
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
dodstin limited (January 1989)
accountant
-
auditor
-
address
the woodlands,badley, needham market, ipswich, suffolk, IP6 8RS
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
morvend 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 morvend limited. Currently there are 1 open charges and 0 have been satisfied in the past.
morvend limited Companies House Filings - See Documents
| date | description | view/download |
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