Pomanda estimates the enterprise value of MORRISON FREIGHT LIMITED at £7.2m based on a Turnover of £13.3m and 0.54x industry multiple (adjusted for size and gross margin).
morrison freight limitedEstimated Valuation
£5.6m
Pomanda estimates the enterprise value of MORRISON FREIGHT LIMITED at £5.6m based on an EBITDA of £1.4m and a 4.03x industry multiple (adjusted for size and gross margin).
morrison freight limitedEstimated Valuation
£5.6m
Pomanda estimates the enterprise value of MORRISON FREIGHT LIMITED at £5.6m based on Net Assets of £2.5m and 2.23x industry multiple (adjusted for liquidity).
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Morrison Freight LimitedOverview
Morrison Freight Limited is a live company located in ipswich, IP6 0RL with a Companies House number of 02444973. It operates in the freight transport by road sector, SIC Code 49410. Founded in November 1989, it's largest shareholder is
morrison freight holdings ltd
with a 100% stake. Morrison Freight Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£13.3m with
high
growth in recent years.
Pomanda's financial health check has awarded Morrison Freight Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
4 Regular
2 Weak
Size
annual sales of £13.3m, make it larger than the average company (£9.1m)
£13.3m - Morrison Freight Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (8.8%)
21% - Morrison Freight Limited
8.8% - Industry AVG
Production
with a gross margin of 20.1%, this company has a comparable cost of product (22.6%)
20.1% - Morrison Freight Limited
22.6% - Industry AVG
Profitability
an operating margin of 10.4% make it more profitable than the average company (4.6%)
10.4% - Morrison Freight Limited
4.6% - Industry AVG
Employees
with 23 employees, this is below the industry average (59)
23 - Morrison Freight Limited
59 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.9k)
£40.6k - Morrison Freight Limited
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £578.9k, this is more efficient (£133.4k)
£578.9k - Morrison Freight Limited
£133.4k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (52 days)
52 days - Morrison Freight Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (32 days)
54 days - Morrison Freight Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morrison Freight Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (12 weeks)
8 weeks - Morrison Freight Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.8%, this is a similar level of debt than the average (60.3%)
62.8% - Morrison Freight Limited
60.3% - Industry AVG
MORRISON FREIGHT LIMITED financials
EXPORT
Morrison Freight Limited's latest turnover from July 2024 is £13.3 million and the company has net assets of £2.5 million. According to their latest financial statements, Morrison Freight Limited has 23 employees and maintains cash reserves of £701.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
13,315,109
15,207,609
14,007,810
7,544,192
7,575,773
10,804,428
7,885,612
6,657,578
6,473,786
8,655,628
6,720,562
6,051,044
7,645,857
7,283,350
6,751,990
Other Income Or Grants
Cost Of Sales
10,636,160
12,215,904
11,722,756
5,964,440
6,046,847
8,694,127
6,327,530
5,286,587
5,170,593
7,018,447
5,432,595
4,955,090
6,352,596
6,232,787
5,544,249
Gross Profit
2,678,949
2,991,705
2,285,054
1,579,752
1,528,927
2,110,301
1,558,082
1,370,991
1,303,192
1,637,181
1,287,967
1,095,954
1,293,261
1,050,563
1,207,741
Admin Expenses
1,296,182
1,437,314
953,109
1,579,546
1,530,280
2,117,555
1,561,816
1,420,316
854,641
1,099,019
1,003,700
928,108
938,630
857,457
952,988
Operating Profit
1,382,767
1,554,391
1,331,945
206
-1,353
-7,254
-3,734
-49,325
448,551
538,162
284,267
167,846
354,631
193,106
254,753
Interest Payable
4,022
1,022
600
1,525
8,573
144
284
3,391
4,999
Interest Receivable
25
1,319
1,353
7,254
3,734
1,490
2,626
3,726
39
12
Pre-Tax Profit
1,378,770
1,553,369
1,331,345
-47,835
451,178
533,315
287,363
171,617
354,349
193,676
252,928
Tax
-317,826
-323,943
-264,883
-90,235
-106,663
-64,169
-35,524
-89,918
-46,975
-61,912
Profit After Tax
1,060,944
1,229,426
1,066,462
-47,835
360,942
426,652
223,194
136,093
264,431
146,701
191,016
Dividends Paid
1,000,000
1,068,251
200,000
100,000
220,000
130,000
170,000
Retained Profit
1,060,944
229,426
-1,789
-47,835
360,942
426,652
23,194
36,093
44,431
16,701
21,016
Employee Costs
933,461
1,022,143
739,485
623,591
617,729
542,500
557,537
582,322
443,291
2,305,000
1,762,536
1,635,510
2,031,520
1,965,178
1,907,126
Number Of Employees
23
23
20
18
18
16
17
18
14
75
59
55
70
69
67
EBITDA*
1,399,787
1,577,873
1,360,869
7,007
5,025
-5,754
-3,734
-49,325
448,551
538,162
284,267
167,846
376,393
223,623
285,999
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
8,705
75,869
95,597
10,761
12,995
7,450
12,224
34,644
56,406
89,773
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
5,103
6,647
7,480
4,940
688
808
883
1,074
950,968
43,918
68,527
Total Fixed Assets
13,808
82,516
95,597
18,241
17,935
8,138
808
883
1,074
950,968
12,224
34,644
100,324
158,300
Stock & work in progress
Trade Debtors
1,919,556
1,929,713
1,928,171
1,463,276
1,455,010
2,121,086
1,555,209
1,299,579
1,196,509
1,000,191
979,824
847,061
1,054,089
1,369,013
1,079,517
Group Debtors
3,988,730
3,401,713
2,301,712
2,080,699
2,080,686
2,080,673
1,830,458
1,696,625
1,251,182
Misc Debtors
73,044
62,501
81,551
37,237
42,729
47,150
42,608
66,546
49,489
27,141
71,276
84,053
33,070
29,098
Cash
701,494
866,126
1,189,423
963,499
1,673,540
1,033,349
901,069
592,626
599,347
451,188
1,039,169
899,354
947,867
551,038
656,710
misc current assets
total current assets
6,682,824
6,260,053
5,500,857
4,544,711
5,251,965
5,282,258
4,329,344
3,655,376
3,096,527
1,451,379
2,046,134
1,817,691
2,086,009
1,953,121
1,765,325
total assets
6,696,632
6,342,569
5,596,454
4,562,952
5,269,900
5,290,396
4,330,152
3,656,259
3,097,601
2,402,347
2,046,134
1,829,915
2,120,653
2,053,445
1,923,625
Bank overdraft
Bank loan
10,119
9,870
9,626
4,724
Trade Creditors
1,591,629
1,554,052
1,669,187
1,294,562
1,032,255
1,884,314
1,342,928
1,094,701
1,104,042
1,515,454
873,385
765,810
1,006,013
1,209,808
982,242
Group/Directors Accounts
1,707,810
1,710,273
1,206,157
1,020,759
1,736,487
1,428,581
1,023,728
874,139
303,165
other short term finances
hp & lease commitments
2,301
26,417
other current liabilities
882,832
1,614,957
1,461,619
997,631
1,215,532
777,501
763,496
487,419
442,559
448,732
500,707
567,986
484,813
572,856
total current liabilities
4,192,390
4,889,152
4,346,589
3,317,676
3,984,274
4,090,396
3,130,152
2,456,259
1,849,766
1,515,454
1,322,117
1,266,517
1,573,999
1,696,922
1,581,515
loans
15,661
25,780
35,650
45,276
263,776
126,351
145,700
hp & lease commitments
2,288
Accruals and Deferred Income
other liabilities
85,626
provisions
16,004
total long term liabilities
15,661
25,780
51,654
45,276
85,626
263,776
126,351
145,700
2,288
total liabilities
4,208,051
4,914,932
4,398,243
3,362,952
4,069,900
4,090,396
3,130,152
2,456,259
1,849,766
1,515,454
1,585,893
1,392,868
1,719,699
1,696,922
1,583,803
net assets
2,488,581
1,427,637
1,198,211
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
1,247,835
886,893
460,241
437,047
400,954
356,523
339,822
total shareholders funds
2,488,581
1,427,637
1,198,211
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
1,247,835
886,893
460,241
437,047
400,954
356,523
339,822
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
1,382,767
1,554,391
1,331,945
206
-1,353
-7,254
-3,734
-49,325
448,551
538,162
284,267
167,846
354,631
193,106
254,753
Depreciation
17,020
23,482
28,924
6,801
6,378
1,500
21,762
30,517
31,246
Amortisation
Tax
-317,826
-323,943
-264,883
-90,235
-106,663
-64,169
-35,524
-89,918
-46,975
-61,912
Stock
Debtors
585,859
1,089,140
722,742
5,327
-666,232
820,514
365,450
565,379
547,095
944,194
88,628
-219,805
-307,859
268,859
1,177,142
Creditors
37,577
-115,135
374,625
262,307
-852,059
541,386
248,227
-9,341
-411,412
642,069
107,575
-240,203
-203,795
227,566
982,242
Accruals and Deferred Income
-732,125
153,338
463,988
-217,901
438,031
14,005
276,077
44,860
442,559
-448,732
-51,975
-67,279
83,173
-88,043
572,856
Deferred Taxes & Provisions
-16,004
16,004
Cash flow from operations
-198,446
186,989
1,227,861
46,086
257,229
-270,877
155,120
-579,185
-157,632
-319,358
187,070
44,645
473,712
47,312
602,043
Investing Activities
capital expenditure
50,144
-3,754
-113,760
-4,567
-11,923
-8,950
12,224
22,420
2,850
-121,019
Change in Investments
cash flow from investments
50,144
-3,754
-113,760
-4,567
-11,923
-8,950
12,224
22,420
2,850
-121,019
Financing Activities
Bank loans
249
244
4,902
4,724
Group/Directors Accounts
-2,463
504,116
185,398
-715,728
307,906
404,853
149,589
570,974
303,165
Other Short Term Loans
Long term loans
-10,119
-9,870
-9,626
45,276
-263,776
137,425
-19,349
145,700
Hire Purchase and Lease Commitments
-2,301
-26,404
28,705
other long term liabilities
-85,626
85,626
share issue
318,806
interest
-3,997
-1,022
-600
-206
1,353
7,254
3,734
1,490
2,626
-4,847
-105
-284
-3,379
-4,999
cash flow from financing
-16,330
493,468
180,074
-751,560
394,885
412,107
153,323
572,464
305,791
-268,623
137,320
-19,349
143,115
-29,783
342,512
cash and cash equivalents
cash
-164,632
-323,297
225,924
-710,041
640,191
132,280
308,443
-6,721
148,159
-587,981
139,815
-48,513
396,829
-105,672
656,710
overdraft
change in cash
-164,632
-323,297
225,924
-710,041
640,191
132,280
308,443
-6,721
148,159
-587,981
139,815
-48,513
396,829
-105,672
656,710
morrison freight 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 morrison freight limited. Get real-time insights into morrison freight limited's credit score, group structure and payment trends.
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morrison freight limited Ownership
MORRISON FREIGHT LIMITED group structure
Morrison Freight Limited has 1 subsidiary company.
morrison house, addison way, great blakenham, ipswich, suffolk, IP6 0RL
Bank
HSBC BANK PLC
Legal Advisor
-
morrison freight 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 10 charges/mortgages relating to morrison freight limited. Currently there are 0 open charges and 10 have been satisfied in the past.
morrison freight 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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morrison freight limitedCompanies House Filings - See Documents
