Mortons Catering Limited

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mortons catering limited Company Information

Live

MatureMicroDeclining

Company Number

02824757

Next Accounts

Mar 2025

Industry

Public houses and bars

Licensed restaurants

Directors

Neil Smith

Frederick Turner

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Shareholders

mr paul robert salisbury

mr paul jonathon hales

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Group Structure

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Contact

Registered Address

pier house, 86-93 strand on the green, london, W4 3NN

Website

mortonsfinecatering.com

mortons catering limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MORTONS CATERING LIMITED at £1.3m based on Net Assets of £523.1k and 2.4x industry multiple (adjusted for liquidity).

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Mortons Catering Limited is a live company located in london, W4 3NN with a Companies House number of 02824757. It operates in the licenced restaurants sector, SIC Code 56101. Founded in June 1993, it's largest shareholder is mr paul robert salisbury with a 35% stake. Mortons Catering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £176.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mortons Catering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £176.5k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.3%)

EXPORT

Mortons Catering Limited's latest turnover from June 2023 is estimated at £176.5 thousand and the company has net assets of £523.1 thousand. According to their latest financial statements, we estimate that Mortons Catering Limited has 4 employees and maintains cash reserves of £784.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	176,507	165,858	196,913	189,367	362,347	374,240	413,364	986,585	4,873,234	4,386,856	3,174,495	5,164,518	3,795,136	2,477,933
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	74,416	69,159	78,666	74,940	146,515	148,390	162,256	399,560	2,010,984	1,830,057	1,343,354	2,203,691	1,613,755	1,053,287
Gross Profit	102,091	96,699	118,247	114,427	215,831	225,850	251,108	587,025	2,862,250	2,556,800	1,831,141	2,960,827	2,181,381	1,424,646
Admin Expenses	57,556	-192,085	-64,991	227,811	46,251	233,162	342,438	709,338	2,987,621	2,676,414	1,646,994	2,951,103	2,008,455	1,114,906
Operating Profit	44,535	288,784	183,238	-113,384	169,580	-7,312	-91,330	-122,313	-125,371	-119,614	184,147	9,724	172,926	309,740
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,642	7,152	314	218	2,262	1,592	787	2,008	2,610	2,595	1,940	1,556	1,280	486
Pre-Tax Profit	81,177	295,936	183,552	-113,166	171,842	-5,720	-90,543	-120,305	-122,761	-117,019	186,087	11,280	174,207	310,226
Tax	-20,294	-56,228	-34,875	0	-32,650	0	0	0	0	0	-42,800	-2,707	-45,294	-86,863
Profit After Tax	60,883	239,708	148,677	-113,166	139,192	-5,720	-90,543	-120,305	-122,761	-117,019	143,287	8,573	128,913	223,363
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	60,883	239,708	148,677	-113,166	139,192	-5,720	-90,543	-120,305	-122,761	-117,019	143,287	8,573	128,913	223,363
Employee Costs	70,460	80,781	104,454	79,551	134,306	135,206	142,046	332,198	1,538,024	1,401,258	1,014,701	1,560,018	1,114,508	737,034
Number Of Employees	4	5	7	5	8	8	9	22	102	94	70	118	85	57
EBITDA*	61,960	311,392	209,862	-86,410	196,463	26,126	-55,555	-85,781	-93,831	-84,274	219,105	44,738	202,705	341,956

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	40,921	45,806	68,414	82,783	99,052	113,934	133,660	142,830	123,235	142,061	161,840	186,500	143,037	154,748
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	40,921	45,806	68,414	82,783	99,052	113,934	133,660	142,830	123,235	142,061	161,840	186,500	143,037	154,748
Stock & work in progress	18,520	17,398	16,886	19,996	21,298	20,391	21,145	18,240	19,050	14,484	22,773	20,553	16,967	11,352
Trade Debtors	0	0	0	0	8,854	11,197	9,325	23,585	123,643	97,029	85,547	126,912	91,702	52,289
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	26,877	59,872	19,719	64,002	81,698	53,457	103,880	104,252	0	0	0	0	8,285	3,222
Cash	784,185	681,510	462,732	165,394	269,626	333,557	303,063	326,493	476,657	567,226	470,925	304,969	317,539	194,580
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	829,582	758,780	499,337	249,392	381,476	418,602	437,413	472,570	619,350	678,739	579,245	452,434	434,493	261,443
total assets	870,503	804,586	567,751	332,175	480,528	532,536	571,073	615,400	742,585	820,800	741,085	638,934	577,530	416,191
Bank overdraft	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
Trade Creditors	56,548	86,505	96,402	57,256	96,404	64,315	124,887	158,422	458,225	411,679	211,945	249,281	205,650	170,694
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	1,930
other short term finances	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
other current liabilities	281,269	245,178	236,554	138,751	181,890	402,629	371,374	289,023	0	0	0	0	0	0
total current liabilities	337,817	331,683	332,956	196,007	278,294	466,944	496,261	447,445	458,225	411,679	211,945	249,281	205,650	172,624
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	50,000	0	0	0	0	0	0	0	0	0	0
provisions	9,600	10,700	12,300	12,350	15,250	17,800	21,300	23,900	20,000	22,000	25,000	28,800	19,600	20,200
total long term liabilities	9,600	10,700	12,300	62,350	15,250	17,800	21,300	23,900	20,000	22,000	25,000	28,800	19,600	20,200
total liabilities	347,417	342,383	345,256	258,357	293,544	484,744	517,561	471,345	478,225	433,679	236,945	278,081	225,250	192,824
net assets	523,086	462,203	222,495	73,818	186,984	47,792	53,512	144,055	264,360	387,121	504,140	360,853	352,280	223,367
total shareholders funds	523,086	462,203	222,495	73,818	186,984	47,792	53,512	144,055	264,360	387,121	504,140	360,853	352,280	223,367

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	44,535	288,784	183,238	-113,384	169,580	-7,312	-91,330	-122,313	-125,371	-119,614	184,147	9,724	172,926	309,740
Depreciation	17,425	22,608	26,624	26,974	26,883	33,438	35,775	36,532	31,540	35,340	34,958	35,014	29,779	32,216
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-20,294	-56,228	-34,875	0	-32,650	0	0	0	0	0	-42,800	-2,707	-45,294	-86,863
Stock	1,122	512	-3,110	-1,302	907	-754	2,905	-810	4,566	-8,289	2,220	3,586	5,615	11,352
Debtors	-32,995	40,153	-44,283	-26,550	25,898	-48,551	-14,632	4,194	26,614	11,482	-41,365	26,925	44,476	55,511
Creditors	-29,957	-9,897	39,146	-39,148	32,089	-60,572	-33,535	-299,803	46,546	199,734	-37,336	43,631	34,956	170,694
Accruals and Deferred Income	36,091	8,624	97,803	-43,139	-220,739	31,255	82,351	289,023	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,100	-1,600	-50	-2,900	-2,550	-3,500	-2,600	3,900	-2,000	-3,000	-3,800	9,200	-600	20,200
Cash flow from operations	78,573	211,626	359,279	-143,745	-54,192	42,614	2,388	-96,045	-80,465	109,267	174,314	64,351	141,676	379,124
Investing Activities
capital expenditure	-12,540	0	-12,255	-10,705	-12,001	-13,712	-26,605	-56,127	-12,714	-15,561	-10,298	-78,477	-18,068	-186,964
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,540	0	-12,255	-10,705	-12,001	-13,712	-26,605	-56,127	-12,714	-15,561	-10,298	-78,477	-18,068	-186,964
Financing Activities
Bank loans	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	-1,930	1,930
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4
interest	36,642	7,152	314	218	2,262	1,592	787	2,008	2,610	2,595	1,940	1,556	1,280	486
cash flow from financing	36,642	7,152	-49,686	50,218	2,262	1,592	787	2,008	2,610	2,595	1,940	1,556	-650	2,420
cash and cash equivalents
cash	102,675	218,778	297,338	-104,232	-63,931	30,494	-23,430	-150,164	-90,569	96,301	165,956	-12,570	122,959	194,580
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	102,675	218,778	297,338	-104,232	-63,931	30,494	-23,430	-150,164	-90,569	96,301	165,956	-12,570	122,959	194,580

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORTONS CATERING LIMITED group structure

Mortons Catering Limited has no subsidiary companies.

Ultimate parent company

MORTONS CATERING LIMITED

02824757

MORTONS CATERING LIMITED Shareholders

mr paul robert salisbury	35%
mr paul jonathon hales	35%
dr alison dorothy hales	5%
mr joseph gabriel salisbury	5%
ms phoebe margaret hales	5%
thomas henry john hales	5%
mrs susan lindsey salisbury	5%
mr sebastian salisbury	5%

Mortons Catering Limited currently has 3 directors. The longest serving directors include Mr Neil Smith (Aug 2024) and Mr Frederick Turner (Aug 2024).

officer	country	age	start	end	role
Mr Neil Smith	United Kingdom	60 years	Aug 2024	-	Director
Mr Frederick Turner	England	39 years	Aug 2024	-	Director
Mr Simon Emeny	United Kingdom	59 years	Aug 2024	-	Director

P&L

June 2023

turnover

176.5k

+6%

operating profit

44.5k

gross margin

57.9%

-0.79%

turnover

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

Balance Sheet

June 2023

net assets

523.1k

+0.13%

total assets

870.5k

+0.08%

cash

784.2k

+0.15%

net assets

Total assets minus all liabilities

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company number

02824757

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

56101 - Licensed restaurants

incorporation date

June 1993

ultimate parent company

None

previous names

tempsdene limited (September 1993)

address

pier house, 86-93 strand on the green, london, W4 3NN

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 4 charges/mortgages relating to mortons catering limited. Currently there are 0 open charges and 4 have been satisfied in the past.

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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mortons catering limited Company Information

mortons catering limited Estimated Valuation

mortons catering limited Estimated Valuation

mortons catering limited Estimated Valuation

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