morelec (uk) ltd
morelec (uk) ltd Company Information
Company Number
04205028
Next Accounts
Jan 2026
Shareholders
j. morris
n.j. morris
Group Structure
View All
Industry
Electrical installation
Registered Address
unit 4, bournemouth central business par, bournemouth, dorset, BH1 3SJ
Website
www.morelec.netmorelec (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELEC (UK) LTD at £320k based on a Turnover of £998.3k and 0.32x industry multiple (adjusted for size and gross margin).
morelec (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELEC (UK) LTD at £207.7k based on an EBITDA of £61k and a 3.4x industry multiple (adjusted for size and gross margin).
morelec (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELEC (UK) LTD at £579k based on Net Assets of £236.5k and 2.45x industry multiple (adjusted for liquidity).
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Morelec (uk) Ltd Overview
Morelec (uk) Ltd is a live company located in bournemouth, BH1 3SJ with a Companies House number of 04205028. It operates in the electrical installation sector, SIC Code 43210. Founded in April 2001, it's largest shareholder is j. morris with a 50% stake. Morelec (uk) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £998.3k with high growth in recent years.
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Morelec (uk) Ltd Health Check
Pomanda's financial health check has awarded Morelec (Uk) Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £998.3k, make it smaller than the average company (£2m)
- Morelec (uk) Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (12.6%)
- Morelec (uk) Ltd
12.6% - Industry AVG
Production
with a gross margin of 16.3%, this company has a higher cost of product (25.8%)
- Morelec (uk) Ltd
25.8% - Industry AVG
Profitability
an operating margin of 5.1% make it less profitable than the average company (6.7%)
- Morelec (uk) Ltd
6.7% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (16)
13 - Morelec (uk) Ltd
16 - Industry AVG
Pay Structure
on an average salary of £45.2k, the company has an equivalent pay structure (£45.2k)
- Morelec (uk) Ltd
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £76.8k, this is less efficient (£152.2k)
- Morelec (uk) Ltd
£152.2k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (55 days)
- Morelec (uk) Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (42 days)
- Morelec (uk) Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (9 days)
- Morelec (uk) Ltd
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (24 weeks)
34 weeks - Morelec (uk) Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50%, this is a lower level of debt than the average (60.1%)
50% - Morelec (uk) Ltd
60.1% - Industry AVG
MORELEC (UK) LTD financials
Morelec (Uk) Ltd's latest turnover from April 2024 is estimated at £998.3 thousand and the company has net assets of £236.5 thousand. According to their latest financial statements, Morelec (Uk) Ltd has 13 employees and maintains cash reserves of £141.1 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 | 523,784 | ||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 147,699 | ||||||||||||||
| Gross Profit | 376,085 | ||||||||||||||
| Admin Expenses | 339,776 | ||||||||||||||
| Operating Profit | 36,309 | ||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 36,309 | ||||||||||||||
| Tax | -7,634 | ||||||||||||||
| Profit After Tax | 28,675 | ||||||||||||||
| Dividends Paid | 30,000 | ||||||||||||||
| Retained Profit | -1,325 | ||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 13 | 13 | 11 | 9 | 9 | 18 | 18 | ||||||||
| EBITDA* | 55,394 |
* 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 | 31,043 | 13,601 | 18,134 | 24,179 | 32,238 | 42,983 | 38,470 | 44,793 | 7,190 | 3,635 | 4,848 | 2 | 10,618 | 21,163 | 10,506 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 31,043 | 13,601 | 18,134 | 24,179 | 32,238 | 42,983 | 38,470 | 44,793 | 7,190 | 3,635 | 4,848 | 2 | 10,618 | 21,163 | 10,506 |
| Stock & work in progress | 18,125 | 23,625 | 27,625 | 40,125 | 5,125 | 5,125 | 3,050 | 2,445 | 1,345 | 995 | 995 | 1,445 | 1,765 | 12,555 | 77,105 |
| Trade Debtors | 283,101 | 276,429 | 255,719 | 128,339 | 85,741 | 154,859 | 149,805 | 108,091 | 87,576 | 228,165 | 165,132 | 199,745 | 236,622 | 44,333 | 32,178 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 6,914 | 7,798 | 18,798 | ||||||||||||
| Cash | 141,147 | 101,255 | 84,424 | 206,925 | 153,167 | 136,764 | 123,849 | 114,865 | 115,565 | 61,677 | 31,827 | 12,631 | 103,969 | 105,610 | |
| misc current assets | 575 | 3,952 | 3,250 | 3,195 | |||||||||||
| total current assets | 442,373 | 401,309 | 367,768 | 375,389 | 250,947 | 304,546 | 295,502 | 225,401 | 204,486 | 290,837 | 198,529 | 213,821 | 242,339 | 164,107 | 218,088 |
| total assets | 473,416 | 414,910 | 385,902 | 399,568 | 283,185 | 347,529 | 333,972 | 270,194 | 211,676 | 294,472 | 203,377 | 213,823 | 252,957 | 185,270 | 228,594 |
| Bank overdraft | 27,982 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 215,174 | 193,248 | 173,442 | 170,856 | 36,818 | 128,618 | 80,011 | 132,678 | 108,609 | 198,854 | 145,837 | 208,503 | 125,583 | 65,445 | 83,096 |
| Group/Directors Accounts | 26,394 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 48,146 | 48,838 | 50,561 | 93,232 | 86,012 | 92,568 | |||||||||
| total current liabilities | 215,174 | 193,248 | 173,442 | 170,856 | 84,964 | 177,456 | 130,572 | 132,678 | 108,609 | 198,854 | 145,837 | 208,503 | 246,797 | 151,457 | 202,058 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 21,708 | 27,918 | 39,000 | 50,000 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 21,708 | 27,918 | 39,000 | 50,000 | |||||||||||
| total liabilities | 236,882 | 221,166 | 212,442 | 220,856 | 84,964 | 177,456 | 130,572 | 132,678 | 108,609 | 198,854 | 145,837 | 208,503 | 246,797 | 151,457 | 202,058 |
| net assets | 236,534 | 193,744 | 173,460 | 178,712 | 198,221 | 170,073 | 203,400 | 137,516 | 103,067 | 95,618 | 57,540 | 5,320 | 6,160 | 33,813 | 26,536 |
| total shareholders funds | 236,534 | 193,744 | 173,460 | 178,712 | 198,221 | 170,073 | 203,400 | 137,516 | 103,067 | 95,618 | 57,540 | 5,320 | 6,160 | 33,813 | 26,536 |
| 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 | 36,309 | ||||||||||||||
| Depreciation | 10,348 | 4,533 | 6,045 | 8,059 | 10,745 | 14,327 | 12,823 | 14,930 | 2,395 | 1,213 | 10,616 | 18,444 | 17,558 | 19,085 | |
| Amortisation | |||||||||||||||
| Tax | -7,634 | ||||||||||||||
| Stock | -5,500 | -4,000 | -12,500 | 35,000 | 2,075 | 605 | 1,100 | 350 | -450 | -320 | -10,790 | -64,550 | 77,105 | ||
| Debtors | 6,672 | 20,710 | 127,380 | 35,684 | -70,002 | -5,946 | 60,512 | 20,515 | -140,589 | 63,033 | -34,613 | -36,877 | 192,289 | 12,155 | 32,178 |
| Creditors | 21,926 | 19,806 | 2,586 | 134,038 | -91,800 | 48,607 | -52,667 | 24,069 | -90,245 | 53,017 | -62,666 | 82,920 | 60,138 | -17,651 | 83,096 |
| Accruals and Deferred Income | -48,146 | -692 | -1,723 | 50,561 | -93,232 | 7,220 | -6,556 | 92,568 | |||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 114,141 | ||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -26,394 | 26,394 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -6,210 | -11,082 | -11,000 | 50,000 | |||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 54,255 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 39,892 | 16,831 | -122,501 | 53,758 | 16,403 | 12,915 | 8,984 | -700 | 53,888 | 29,850 | 19,196 | 12,631 | -103,969 | -1,641 | 105,610 |
| overdraft | -27,982 | 27,982 | |||||||||||||
| change in cash | 39,892 | 16,831 | -122,501 | 53,758 | 16,403 | 12,915 | 8,984 | -700 | 53,888 | 29,850 | 19,196 | 40,613 | -131,951 | -1,641 | 105,610 |
morelec (uk) ltd Credit Report and Business Information
Morelec (uk) Ltd Competitor Analysis
Perform a competitor analysis for morelec (uk) ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BH1 area or any other competitors across 12 key performance metrics.
morelec (uk) ltd Ownership
MORELEC (UK) LTD group structure
Morelec (Uk) Ltd has no subsidiary companies.
Ultimate parent company
MORELEC (UK) LTD
04205028
morelec (uk) ltd directors
Morelec (Uk) Ltd currently has 3 directors. The longest serving directors include Mr Nicholas Morris (Nov 2009) and Mr Rodney Morris (Sep 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Morris | 73 years | Nov 2009 | - | Director | |
| Mr Rodney Morris | 45 years | Sep 2014 | - | Director | |
| Mr Thomas Allcroft Reid | 31 years | Dec 2019 | - | Director |
P&L
April 2024turnover
998.3k
+13%
operating profit
50.7k
0%
gross margin
16.3%
-3.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
236.5k
+0.22%
total assets
473.4k
+0.14%
cash
141.1k
+0.39%
net assets
Total assets minus all liabilities
morelec (uk) ltd company details
company number
04205028
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
April 2001
age
24
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
April 2024
previous names
fone centre (uk) ltd (June 2005)
3 forall ltd (August 2003)
accountant
-
auditor
-
address
unit 4, bournemouth central business par, bournemouth, dorset, BH1 3SJ
Bank
-
Legal Advisor
-
morelec (uk) ltd 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 did not find charges/mortgages relating to morelec (uk) ltd.
morelec (uk) ltd 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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morelec (uk) ltd Companies House Filings - See Documents
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