Morse Enterprises Limited

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morse enterprises limited Company Information

Live

MatureSmallLow

Company Number

03593864

Next Accounts

Mar 2025

Industry

Artistic creation

Directors

Francesca Hunt

Brian Mitchell

Shareholders

brian stuart mitchell

ingrid francesca sandys hunt

Group Structure

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Contact

Registered Address

20 - 22 wenlock road, london, N1 7GU

Website

http://morcan.co.uk

morse enterprises limited Estimated Valuation

£404.2k

Pomanda estimates the enterprise value of MORSE ENTERPRISES LIMITED at £404.2k based on a Turnover of £1m and 0.39x industry multiple (adjusted for size and gross margin).

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Morse Enterprises Limited is a live company located in london, N1 7GU with a Companies House number of 03593864. It operates in the artistic creation sector, SIC Code 90030. Founded in July 1998, it's largest shareholder is brian stuart mitchell with a 50% stake. Morse Enterprises Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.

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Pomanda's financial health check has awarded Morse Enterprises Limited a 3 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 Rating3out of 5

4 Strong

1 Regular

4 Weak

Size

annual sales of £1m, make it larger than the average company (£303.3k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.1%)

EXPORT

Morse Enterprises Limited's latest turnover from June 2023 is estimated at £1 million and the company has net assets of £108.7 thousand. According to their latest financial statements, we estimate that Morse Enterprises Limited has 8 employees and maintains cash reserves of 0 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	1,046,589	887,615	908,288	955,833	926,986	879,995	0	0	1,094,423	1,223,858	1,197,633	1,133,922	1,138,195	1,170,451
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	798,387	676,327	674,930	732,813	651,688	649,238	0	0	813,941	841,678	773,396	762,928	791,148	800,437
Gross Profit	248,202	211,287	233,358	223,020	275,298	230,757	0	0	280,483	382,180	424,237	370,994	347,047	370,014
Admin Expenses	248,202	223,725	261,786	251,448	275,726	230,037	3,404	14,716	291,201	394,718	420,730	372,505	364,106	43,461
Operating Profit	0	-12,438	-28,428	-28,428	-428	720	-3,404	-14,716	-10,718	-12,538	3,507	-1,511	-17,059	326,553
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	1	1	1	1	0	0
Pre-Tax Profit	0	-12,438	-28,428	-28,428	-428	720	-3,404	-14,716	-10,717	-12,537	3,508	-1,510	-17,059	326,553
Tax	0	0	0	0	0	-137	0	0	0	0	-807	0	0	-91,435
Profit After Tax	0	-12,438	-28,428	-28,428	-428	583	-3,404	-14,716	-10,717	-12,537	2,701	-1,510	-17,059	235,118
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	-12,438	-28,428	-28,428	-428	583	-3,404	-14,716	-10,717	-12,537	2,701	-1,510	-17,059	235,118
Employee Costs	220,851	185,949	215,725	206,538	175,779	154,782	0	0	192,140	197,512	226,530	220,035	208,869	230,850
Number Of Employees	8	7	8	8	7	6	0	0	7	7	8	8	8	9
EBITDA*	0	-12,438	-28,428	-28,428	-428	720	-3,404	-14,716	-10,718	-12,538	3,507	-1,511	-17,059	326,553

* 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	181,264	181,264	181,264	181,264	181,154	181,582	0	0	198,740	208,648	226,202	223,100	226,425	243,009
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	191,994	184,665	157	0	0	0	0	0
Cash	0	0	0	0	0	0	75	42	6	311	123	224	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	181,264	181,264	181,264	181,264	181,154	181,582	192,069	184,707	198,903	208,959	226,325	223,324	226,425	243,009
total assets	181,264	181,264	181,264	181,264	181,154	181,582	192,069	184,707	198,903	208,959	226,325	223,324	226,425	243,009
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	72,527	72,167	59,739	31,311	2,773	2,773	0	0	1,907	1,246	6,075	5,775	7,366	6,891
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	13,193	2,427	0	0	0	0	0	0
total current liabilities	72,527	72,167	59,739	31,311	2,773	2,773	13,193	2,427	1,907	1,246	6,075	5,775	7,366	6,891
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	360	350	350	350	350	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	360	350	350	350	350	0	0	0	0	0	0	0	0
total liabilities	72,527	72,527	60,089	31,661	3,123	3,123	13,193	2,427	1,907	1,246	6,075	5,775	7,366	6,891
net assets	108,737	108,737	121,175	149,603	178,031	178,459	178,876	182,280	196,996	207,713	220,250	217,549	219,059	236,118
total shareholders funds	108,737	108,737	121,175	149,603	178,031	178,459	178,876	182,280	196,996	207,713	220,250	217,549	219,059	236,118

	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	0	-12,438	-28,428	-28,428	-428	720	-3,404	-14,716	-10,718	-12,538	3,507	-1,511	-17,059	326,553
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-137	0	0	0	0	-807	0	0	-91,435
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	110	-428	-10,412	7,329	-14,232	-9,751	-17,554	3,102	-3,325	-16,584	243,009
Creditors	360	12,428	28,428	28,538	0	2,773	0	-1,907	661	-4,829	300	-1,591	475	6,891
Accruals and Deferred Income	-360	10	0	0	0	-12,843	10,766	2,427	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	925	33	36	-306	187	-102	223	0	-1,000
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-1,000	0	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	0	0	0	1	1	1	1	0	0
cash flow from financing	0	0	0	0	0	-1,000	0	0	1	1	1	1	0	1,000
cash and cash equivalents
cash	0	0	0	0	0	-75	33	36	-305	188	-101	224	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-75	33	36	-305	188	-101	224	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORSE ENTERPRISES LIMITED group structure

Morse Enterprises Limited has no subsidiary companies.

Ultimate parent company

MORSE ENTERPRISES LIMITED

03593864

MORSE ENTERPRISES LIMITED Shareholders

brian stuart mitchell	50%
ingrid francesca sandys hunt	50%

Morse Enterprises Limited currently has 2 directors. The longest serving directors include Ms Francesca Hunt (Jul 1998) and Mr Brian Mitchell (Jul 1998).

officer	country	age	start	end	role
Ms Francesca Hunt	England	61 years	Jul 1998	-	Director
Mr Brian Mitchell	England	64 years	Jul 1998	-	Director

P&L

June 2023

turnover

+18%

operating profit

gross margin

23.8%

-0.37%

turnover

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

Balance Sheet

June 2023

net assets

108.7k

total assets

181.3k

cash

net assets

Total assets minus all liabilities

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company number

03593864

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

July 1998

ultimate parent company

None

previous names

mad dog enterprises limited (April 2002)

address

20 - 22 wenlock road, london, N1 7GU

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 morse enterprises 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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morse enterprises limited Company Information

morse enterprises limited Estimated Valuation

morse enterprises limited Estimated Valuation

morse enterprises limited Estimated Valuation

Morse Enterprises Limited Overview

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MORSE ENTERPRISES LIMITED financials

morse enterprises limited Credit Report and Business Information

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