Morse Watchmans (uk) Limited

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morse watchmans (uk) limited Company Information

Live

MatureSmallDeclining

Company Number

02399958

Website

www.morsewatchmans.com

Registered Address

unit b swift park, c/o supply point systems, rugby, warwickshire, CV21 1DZ

Industry

Other personal service activities n.e.c.

Telephone

01159671567

Next Accounts Due

September 2025

Group Structure

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Directors

Daniel Bush2 Years

Craig Goble0 Years

Shareholders

soar tpi (holdings) ltd 100%

morse watchmans (uk) limited Estimated Valuation

£804.2k

Pomanda estimates the enterprise value of MORSE WATCHMANS (UK) LIMITED at £804.2k based on a Turnover of £1.1m and 0.74x industry multiple (adjusted for size and gross margin).

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Morse Watchmans (uk) Limited is a live company located in rugby, CV21 1DZ with a Companies House number of 02399958. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 1989, it's largest shareholder is soar tpi (holdings) ltd with a 100% stake. Morse Watchmans (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Morse Watchmans (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £1.1m, make it in line with the average company (£996.4k)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (7%)

EXPORT

Morse Watchmans (Uk) Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £455.7 thousand. According to their latest financial statements, Morse Watchmans (Uk) Limited has 2 employees and maintains cash reserves of £24.2 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	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,086,188	719,376	545,821	1,806,421	2,100,705	1,944,753	1,924,054	2,130,249	2,605,204	1,925,967	1,634,789	1,674,349	1,685,844	1,618,262	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	653,223	420,096	324,632	1,092,512	1,260,099	1,173,235	1,146,748	1,253,209	1,537,687	1,152,444	953,259	970,693	965,115	913,324	0
Gross Profit	432,966	299,280	221,189	713,908	840,606	771,518	777,306	877,040	1,067,518	773,523	681,530	703,656	720,729	704,939	0
Admin Expenses	481,982	134,298	172,826	687,493	830,271	786,596	699,334	1,042,068	1,100,579	806,712	683,072	795,145	769,949	789,692	63,806
Operating Profit	-49,016	164,982	48,363	26,415	10,335	-15,078	77,972	-165,028	-33,061	-33,189	-1,542	-91,489	-49,220	-84,753	-63,806
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,066	9,131	464	172	782	653	445	214	503	499	544	404	489	460	113
Pre-Tax Profit	-39,950	174,112	48,827	26,588	11,117	-14,425	78,417	-164,814	-32,558	-32,690	-998	-91,085	-48,731	-84,293	-63,693
Tax	0	-33,081	-9,277	-5,052	-2,112	0	-14,899	0	0	0	0	0	0	0	0
Profit After Tax	-39,950	141,031	39,550	21,536	9,005	-14,425	63,518	-164,814	-32,558	-32,690	-998	-91,085	-48,731	-84,293	-63,693
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-39,950	141,031	39,550	21,536	9,005	-14,425	63,518	-164,814	-32,558	-32,690	-998	-91,085	-48,731	-84,293	-63,693
Employee Costs	64,000	96,600	92,594	117,356	231,295	309,708	188,440	222,088	832,300	616,118	568,253	589,090	584,650	566,085	0
Number Of Employees	2	3	3	4	8	11	7	8	29	22	22	23	23	23	0
EBITDA*	-48,396	166,019	49,789	28,399	13,093	-11,435	82,784	-162,288	-29,692	-30,709	601	-88,971	-46,032	-78,162	-55,301

* 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	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	2,188	2,808	3,844	5,270	7,254	9,581	13,438	6,688	8,158	6,787	6,412	7,536	9,340	20,150	25,767
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,188	2,808	3,844	5,270	7,254	9,581	13,438	6,688	8,158	6,787	6,412	7,536	9,340	20,150	25,767
Stock & work in progress	155,054	143,763	139,129	89,612	83,777	88,764	84,676	66,619	85,774	68,802	77,417	67,315	74,025	100,453	110,092
Trade Debtors	171,853	122,848	93,505	146,347	177,278	157,509	172,491	205,914	190,915	126,973	83,754	105,406	144,960	112,083	160,446
Group Debtors	181,361	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	65,537	6,474	6,009	5,814	8,117	7,778	18,088	0	11,012	0	0	0	0	8,689	3,834
Cash	24,209	338,420	183,336	188,213	156,334	52,251	121,888	56,072	114,849	86,428	113,212	104,345	57,180	138,558	45,293
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	598,014	611,505	421,979	429,986	425,506	306,302	397,143	328,605	402,550	282,203	274,383	277,066	276,165	359,783	319,665
total assets	600,202	614,313	425,823	435,256	432,760	315,883	410,581	335,293	410,708	288,990	280,795	284,602	285,505	379,933	345,432
Bank overdraft	0	0	0	0	0	0	0	0	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	135,166	60,464	23,009	826,650	870,277	759,864	842,615	854,153	746,476	610,478	569,593	572,402	482,220	527,917	409,123
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	8,793	57,501	48,199	47,830	23,245	25,786	23,308	0	18,278	0	0	0	0	0	0
total current liabilities	143,959	117,965	71,208	874,480	893,522	785,650	865,923	854,153	764,754	610,478	569,593	572,402	482,220	527,917	409,123
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	547	702	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	547	702	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	144,506	118,667	71,208	874,480	893,522	785,650	865,923	854,153	764,754	610,478	569,593	572,402	482,220	527,917	409,123
net assets	455,696	495,646	354,615	-439,224	-460,762	-469,767	-455,342	-518,860	-354,046	-321,488	-288,798	-287,800	-196,715	-147,984	-63,691
total shareholders funds	455,696	495,646	354,615	-439,224	-460,762	-469,767	-455,342	-518,860	-354,046	-321,488	-288,798	-287,800	-196,715	-147,984	-63,691

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-49,016	164,982	48,363	26,415	10,335	-15,078	77,972	-165,028	-33,061	-33,189	-1,542	-91,489	-49,220	-84,753	-63,806
Depreciation	620	1,037	1,426	1,984	2,758	3,643	4,812	2,740	3,369	2,480	2,143	2,518	3,188	6,591	8,505
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-33,081	-9,277	-5,052	-2,112	0	-14,899	0	0	0	0	0	0	0	0
Stock	11,291	4,634	49,517	5,835	-4,987	4,088	18,057	-19,155	16,972	-8,615	10,102	-6,710	-26,428	-9,639	110,092
Debtors	289,429	29,808	-52,647	-33,234	20,108	-25,292	-15,335	3,987	74,954	43,219	-21,652	-39,554	24,188	-43,508	164,280
Creditors	74,702	37,455	-803,641	-43,627	110,413	-82,751	-11,538	107,677	135,998	40,885	-2,809	90,182	-45,697	118,794	409,123
Accruals and Deferred Income	-48,708	9,302	369	24,585	-2,541	2,478	23,308	-18,278	18,278	0	0	0	0	0	0
Deferred Taxes & Provisions	-155	702	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-323,277	145,955	-759,630	31,704	103,732	-70,504	76,933	-57,721	32,658	-24,428	9,342	47,475	-89,489	93,779	79,450
Investing Activities
capital expenditure	0	-1	0	0	-431	214	-11,562	-1,270	-4,740	-2,855	-1,019	-714	7,622	-974	-34,272
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1	0	0	-431	214	-11,562	-1,270	-4,740	-2,855	-1,019	-714	7,622	-974	-34,272
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	0	0	0	0	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	754,289	2	0	0	0	0	0	0	0	0	0	0	2
interest	9,066	9,131	464	172	782	653	445	214	503	499	544	404	489	460	113
cash flow from financing	9,066	9,131	754,753	174	782	653	445	214	503	499	544	404	489	460	115
cash and cash equivalents
cash	-314,211	155,084	-4,877	31,879	104,083	-69,637	65,816	-58,777	28,421	-26,784	8,867	47,165	-81,378	93,265	45,293
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-314,211	155,084	-4,877	31,879	104,083	-69,637	65,816	-58,777	28,421	-26,784	8,867	47,165	-81,378	93,265	45,293

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for morse watchmans (uk) limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in CV21 area or any other competitors across 12 key performance metrics.

MORSE WATCHMANS (UK) LIMITED group structure

Morse Watchmans (Uk) Limited has no subsidiary companies.

Ultimate parent company

TOUCHPOINT INC

#0056741

SOAR TPI (HOLDINGS) LTD

08840424

2 parents

MORSE WATCHMANS (UK) LIMITED

02399958

MORSE WATCHMANS (UK) LIMITED Shareholders

soar tpi (holdings) ltd

100%

Morse Watchmans (Uk) Limited currently has 2 directors. The longest serving directors include Mr Daniel Bush (Sep 2022) and Mr Craig Goble (Aug 2024).

officer	country	age	start	end	role
Mr Daniel Bush	England	41 years	Sep 2022	-	Director
Mr Craig Goble	England	41 years	Aug 2024	-	Director

P&L

December 2023

turnover

1.1m

+51%

operating profit

-49k

gross margin

39.9%

-4.19%

turnover

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

Balance Sheet

December 2023

net assets

455.7k

-0.08%

total assets

600.2k

-0.02%

cash

24.2k

-0.93%

net assets

Total assets minus all liabilities

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company number

02399958

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

June 1989

accounts

Small Company

ultimate parent company

TOUCHPOINT INC

previous names

spireflint limited (July 1989)

last accounts submitted

December 2023

address

unit b swift park, c/o supply point systems, rugby, warwickshire, CV21 1DZ

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 morse watchmans (uk) limited. Currently there are 0 open charges and 1 have been satisfied in the past.

morse watchmans (uk) limited Company Information

morse watchmans (uk) limited Estimated Valuation

morse watchmans (uk) limited Estimated Valuation

morse watchmans (uk) limited Estimated Valuation

Morse Watchmans (uk) Limited Overview

Morse Watchmans (uk) Limited Health Check

MORSE WATCHMANS (UK) LIMITED financials

morse watchmans (uk) limited Credit Report and Business Information

Morse Watchmans (uk) Limited Competitor Analysis

morse watchmans (uk) limited Ownership

morse watchmans (uk) limited directors

morse watchmans (uk) limited company details

morse watchmans (uk) limited Charges & Mortgages

morse watchmans (uk) limited Companies House Filings - See Documents