morgan davies (hitchin) limited
morgan davies (hitchin) limited Company Information
Company Number
03050512
Next Accounts
Jan 2026
Shareholders
mrs carol anne davies
madeleine lilly-anna weston
Group Structure
View All
Industry
Retail sale of clothing in specialised stores
Registered Address
hfl accountants, hfl house, 1 saxon way, nr royston, herts, SG8 6DN
Website
www.morgandaviesbridal.co.ukmorgan davies (hitchin) limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN DAVIES (HITCHIN) LIMITED at £146.2k based on a Turnover of £377.7k and 0.39x industry multiple (adjusted for size and gross margin).
morgan davies (hitchin) limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN DAVIES (HITCHIN) LIMITED at £42.7k based on an EBITDA of £10.8k and a 3.96x industry multiple (adjusted for size and gross margin).
morgan davies (hitchin) limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN DAVIES (HITCHIN) LIMITED at £310k based on Net Assets of £133k and 2.33x industry multiple (adjusted for liquidity).
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Morgan Davies (hitchin) Limited Overview
Morgan Davies (hitchin) Limited is a live company located in nr royston, SG8 6DN with a Companies House number of 03050512. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in April 1995, it's largest shareholder is mrs carol anne davies with a 51.5% stake. Morgan Davies (hitchin) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £377.7k with high growth in recent years.
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Morgan Davies (hitchin) Limited Health Check
Pomanda's financial health check has awarded Morgan Davies (Hitchin) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £377.7k, make it smaller than the average company (£13.2m)
- Morgan Davies (hitchin) Limited
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (16.6%)
- Morgan Davies (hitchin) Limited
16.6% - Industry AVG
Production
with a gross margin of 49.1%, this company has a comparable cost of product (49.1%)
- Morgan Davies (hitchin) Limited
49.1% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (4.7%)
- Morgan Davies (hitchin) Limited
4.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (75)
5 - Morgan Davies (hitchin) Limited
75 - Industry AVG
Pay Structure
on an average salary of £28.2k, the company has an equivalent pay structure (£28.2k)
- Morgan Davies (hitchin) Limited
£28.2k - Industry AVG
Efficiency
resulting in sales per employee of £75.5k, this is less efficient (£165.3k)
- Morgan Davies (hitchin) Limited
£165.3k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (11 days)
- Morgan Davies (hitchin) Limited
11 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is close to average (34 days)
- Morgan Davies (hitchin) Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 168 days, this is more than average (137 days)
- Morgan Davies (hitchin) Limited
137 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (12 weeks)
35 weeks - Morgan Davies (hitchin) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.9%, this is a lower level of debt than the average (70.9%)
33.9% - Morgan Davies (hitchin) Limited
70.9% - Industry AVG
MORGAN DAVIES (HITCHIN) LIMITED financials
Morgan Davies (Hitchin) Limited's latest turnover from April 2024 is estimated at £377.7 thousand and the company has net assets of £133 thousand. According to their latest financial statements, Morgan Davies (Hitchin) Limited has 5 employees and maintains cash reserves of £39.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 72 | 124 | 176 | 42 | 84 | 721 | 1,193 | 1,791 | |||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 72 | 124 | 176 | 42 | 84 | 721 | 1,193 | 1,791 | |||||||
| Stock & work in progress | 88,625 | 92,247 | 74,814 | 53,594 | 70,180 | 72,576 | 81,839 | 96,600 | 86,305 | 68,243 | 58,921 | 51,833 | 69,795 | 69,653 | 75,971 |
| Trade Debtors | 5,705 | 2,784 | 15,993 | 2,855 | 2,747 | 4,237 | 11,480 | 8,105 | 59,312 | 62,336 | 68,106 | 45,123 | 47,147 | 26,842 | 15,570 |
| Group Debtors | 50,686 | 51,599 | 51,559 | 41,623 | 49,666 | 50,702 | 50,948 | 50,050 | |||||||
| Misc Debtors | 16,333 | 6,846 | 9,921 | 4,285 | 1,769 | 10,705 | 10,439 | 11,105 | 534 | 34 | |||||
| Cash | 39,754 | 57,835 | 63,505 | 59,538 | 579 | 23 | 14 | 78 | 5,998 | 1 | 1 | 125 | |||
| misc current assets | 9,817 | ||||||||||||||
| total current assets | 201,103 | 211,311 | 215,792 | 161,895 | 124,362 | 138,799 | 154,729 | 165,874 | 155,512 | 136,577 | 127,028 | 96,956 | 116,943 | 97,029 | 91,700 |
| total assets | 201,175 | 211,435 | 215,968 | 161,895 | 124,404 | 138,883 | 155,450 | 167,067 | 157,303 | 136,577 | 127,028 | 96,956 | 116,943 | 97,029 | 91,700 |
| Bank overdraft | 9,842 | 9,842 | 9,840 | 9,843 | 13,638 | 5,816 | 22,971 | 7,644 | 138 | ||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 18,119 | 20,146 | 24,392 | 12,768 | 19,131 | 31,841 | 22,876 | 43,747 | 52,630 | 55,981 | 78,559 | 69,484 | 90,740 | 81,903 | 79,164 |
| Group/Directors Accounts | 1,000 | 2,000 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 29,559 | 35,772 | 39,046 | 30,148 | 36,028 | 36,792 | 42,336 | 35,874 | |||||||
| total current liabilities | 57,520 | 65,760 | 74,278 | 54,759 | 68,797 | 74,449 | 88,183 | 87,265 | 52,630 | 55,981 | 78,559 | 69,484 | 90,740 | 82,041 | 79,164 |
| loans | 10,663 | 20,505 | 30,350 | 39,369 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 21,778 | ||||||||||||||
| other liabilities | 4,773 | 8,038 | 11,206 | 11,403 | 14,387 | 17,324 | 20,125 | ||||||||
| provisions | 137 | 227 | 358 | ||||||||||||
| total long term liabilities | 10,663 | 20,505 | 30,350 | 39,369 | 137 | 227 | 26,909 | 8,038 | 11,206 | 11,403 | 14,387 | 17,324 | 20,125 | ||
| total liabilities | 68,183 | 86,265 | 104,628 | 94,128 | 68,797 | 74,449 | 88,320 | 87,492 | 79,539 | 64,019 | 89,765 | 80,887 | 105,127 | 99,365 | 99,289 |
| net assets | 132,992 | 125,170 | 111,340 | 67,767 | 55,607 | 64,434 | 67,130 | 79,575 | 77,764 | 72,558 | 37,263 | 16,069 | 11,816 | -2,336 | -7,589 |
| total shareholders funds | 132,992 | 125,170 | 111,340 | 67,767 | 55,607 | 64,434 | 67,130 | 79,575 | 77,764 | 72,558 | 37,263 | 16,069 | 11,816 | -2,336 | -7,589 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 52 | 52 | 32 | 42 | 42 | 637 | 639 | 598 | 597 | 4,822 | |||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -3,622 | 17,433 | 21,220 | -16,586 | -2,396 | -9,263 | -14,761 | 10,295 | 18,062 | 9,322 | 7,088 | -17,962 | 142 | -6,318 | 75,971 |
| Debtors | 11,495 | -16,244 | 28,710 | -5,419 | -11,462 | -7,223 | 3,607 | 9,948 | -3,024 | -5,770 | 22,983 | -2,024 | 19,771 | 11,772 | 15,604 |
| Creditors | -2,027 | -4,246 | 11,624 | -6,363 | -12,710 | 8,965 | -20,871 | -8,883 | -3,351 | -22,578 | 9,075 | -21,256 | 8,837 | 2,739 | 79,164 |
| Accruals and Deferred Income | -6,213 | -3,274 | 8,898 | -5,880 | -764 | -5,544 | 6,462 | 14,096 | 21,778 | ||||||
| Deferred Taxes & Provisions | -137 | -90 | -131 | 358 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,000 | -1,000 | 2,000 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -9,842 | -9,845 | -9,019 | 39,369 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -4,773 | -3,265 | -3,168 | -197 | -2,984 | -2,937 | -2,801 | 20,125 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -18,081 | -5,670 | 3,967 | 59,538 | -579 | 556 | 9 | -64 | -5,920 | 5,997 | 1 | -1 | 1 | -125 | 125 |
| overdraft | 2 | -3 | -3,795 | 7,822 | -17,155 | 15,327 | 7,644 | -138 | 138 | ||||||
| change in cash | -18,081 | -5,672 | 3,970 | 63,333 | -8,401 | 17,711 | -15,318 | -7,708 | -5,920 | 5,997 | 1 | -1 | 139 | -263 | 125 |
morgan davies (hitchin) limited Credit Report and Business Information
Morgan Davies (hitchin) Limited Competitor Analysis
Perform a competitor analysis for morgan davies (hitchin) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SG8 area or any other competitors across 12 key performance metrics.
morgan davies (hitchin) limited Ownership
MORGAN DAVIES (HITCHIN) LIMITED group structure
Morgan Davies (Hitchin) Limited has no subsidiary companies.
Ultimate parent company
MORGAN DAVIES (HITCHIN) LIMITED
03050512
morgan davies (hitchin) limited directors
Morgan Davies (Hitchin) Limited currently has 2 directors. The longest serving directors include Ms Carol Davies (Apr 1995) and Ms Madeleine Weston (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Carol Davies | 79 years | Apr 1995 | - | Director | |
| Ms Madeleine Weston | England | 29 years | Nov 2022 | - | Director |
P&L
April 2024turnover
377.7k
+11%
operating profit
10.7k
0%
gross margin
49.2%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
133k
+0.06%
total assets
201.2k
-0.05%
cash
39.8k
-0.31%
net assets
Total assets minus all liabilities
Similar Companies
morgan davies (hitchin) limited company details
company number
03050512
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
April 1995
age
30
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
the bridal room (hitchin) limited (May 2007)
accountant
-
auditor
-
address
hfl accountants, hfl house, 1 saxon way, nr royston, herts, SG8 6DN
Bank
BARCLAYS BANK PLC
Legal Advisor
-
morgan davies (hitchin) 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 morgan davies (hitchin) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
morgan davies (hitchin) 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.
Click to start generating capital raising & share issue transactions for MORGAN DAVIES (HITCHIN) LIMITED. This can take several minutes, an email will notify you when this has completed.
morgan davies (hitchin) limited Companies House Filings - See Documents
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