Morgan Spencer Limited

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morgan spencer limited Company Information

Live

MatureMidDeclining

Company Number

04254114

Website

www.morganspencer.co.uk

Registered Address

c/o mcbrides accountants llp, nexus house, sidcup, kent, DA14 5DA

Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Temporary employment agency activities

Telephone

02076807001

Next Accounts Due

16 days late

Group Structure

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Directors

Julie Jones22 Years

Kay Atkinson22 Years

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Shareholders

ms margaret denise george 40%

mrs kay atkinson 30%

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morgan spencer limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of MORGAN SPENCER LIMITED at £1.7m based on a Turnover of £9.2m and 0.19x industry multiple (adjusted for size and gross margin).

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Morgan Spencer Limited is a live company located in sidcup, DA14 5DA with a Companies House number of 04254114. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in July 2001, it's largest shareholder is ms margaret denise george with a 40% stake. Morgan Spencer Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Morgan Spencer Limited a 4 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 Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £9.2m, make it in line with the average company (£8.5m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.1%)

EXPORT

Morgan Spencer Limited's latest turnover from August 2022 is estimated at £9.2 million and the company has net assets of £553.8 thousand. According to their latest financial statements, Morgan Spencer Limited has 142 employees and maintains cash reserves of £826.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	9,212,946	8,831,992	7,916,010	9,817,766	9,976,719	9,080,207	9,519,132	9,097,850	6,764,549	5,091,288	4,685,570	4,489,765	4,906,127	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,189,908	7,127,840	6,313,000	7,846,330	7,927,463	7,169,819	7,554,615	7,189,255	5,339,018	3,980,715	3,592,164	3,284,544	3,683,206	0
Gross Profit	2,023,038	1,704,152	1,603,010	1,971,435	2,049,256	1,910,388	1,964,517	1,908,595	1,425,532	1,110,573	1,093,405	1,205,222	1,222,921	0
Admin Expenses	2,042,993	1,573,038	1,724,460	1,918,160	1,891,335	2,034,992	1,711,852	1,811,708	1,392,776	1,111,241	1,037,101	1,268,917	1,080,656	-228,087
Operating Profit	-19,955	131,114	-121,450	53,275	157,921	-124,604	252,665	96,887	32,756	-668	56,304	-63,695	142,265	228,087
Interest Payable	16,469	14,869	7,625	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	14,570	987	852	3,170	2,184	960	989	1,478	1,161	998	1,014	1,155	824	189
Pre-Tax Profit	-21,854	117,232	-128,223	56,446	160,105	-123,644	253,654	98,365	33,916	330	57,318	-62,540	143,089	228,276
Tax	0	-22,274	0	-10,725	-30,420	0	-50,731	-19,673	-7,122	-76	-13,756	0	-40,065	-63,917
Profit After Tax	-21,854	94,958	-128,223	45,721	129,685	-123,644	202,923	78,692	26,794	254	43,562	-62,540	103,024	164,359
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-21,854	94,958	-128,223	45,721	129,685	-123,644	202,923	78,692	26,794	254	43,562	-62,540	103,024	164,359
Employee Costs	6,704,041	6,155,876	6,107,731	6,111,108	5,951,405	5,881,674	5,524,077	1,627,484	1,229,285	965,280	986,586	908,931	1,216,151	0
Number Of Employees	142	147	147	147	147	147	140	42	32	26	26	25	34	0
EBITDA*	-14,336	134,391	-117,219	58,367	162,256	-115,946	263,437	103,663	36,737	-603	58,664	-60,088	146,033	248,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	29,922	4,646	7,923	9,270	9,529	4,805	13,463	9,881	8,082	133	0	2,360	2,445	2,563
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	29,922	4,646	7,923	9,270	9,529	4,805	13,463	9,881	8,082	133	0	2,360	2,445	2,563
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	409,613	336,915	131,865	628,477	505,257	465,542	551,328	631,803	517,736	381,897	342,991	334,200	360,987	420,620
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	67,776	185,140	64,914	174,014	547,046	228,486	160,018	0	0	0	50,000	65,000	62,007	80,007
Cash	826,291	838,810	1,135,382	568,177	277,243	305,061	462,719	328,471	262,730	201,481	197,571	208,041	253,862	75,589
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,303,680	1,360,865	1,332,161	1,370,668	1,329,546	999,089	1,174,065	960,274	780,466	583,378	590,562	607,241	676,856	576,216
total assets	1,333,602	1,365,511	1,340,084	1,379,938	1,339,075	1,003,894	1,187,528	970,155	788,548	583,511	590,562	609,601	679,301	578,779
Bank overdraft	50,000	50,000	12,500	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	114,064	111,387	36,530	61,285	75,322	48,180	45,681	615,910	512,995	334,752	342,057	404,658	411,818	414,320
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	472,960	440,959	572,847	709,723	700,544	522,190	584,679	0	0	0	0	0	0	0
total current liabilities	637,024	602,346	621,877	771,008	775,866	570,370	630,360	615,910	512,995	334,752	342,057	404,658	411,818	414,320
loans	137,500	187,500	237,500	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	0	0	0	0	0	0	0	0	0	0	0
provisions	5,267	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	142,767	187,500	237,500	0	0	0	0	0	0	0	0	0	0	0
total liabilities	779,791	789,846	859,377	771,008	775,866	570,370	630,360	615,910	512,995	334,752	342,057	404,658	411,818	414,320
net assets	553,811	575,665	480,707	608,930	563,209	433,524	557,168	354,245	275,553	248,759	248,505	204,943	267,483	164,459
total shareholders funds	553,811	575,665	480,707	608,930	563,209	433,524	557,168	354,245	275,553	248,759	248,505	204,943	267,483	164,459

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-19,955	131,114	-121,450	53,275	157,921	-124,604	252,665	96,887	32,756	-668	56,304	-63,695	142,265	228,087
Depreciation	5,619	3,277	4,231	5,092	4,335	8,658	10,772	6,776	3,981	65	2,360	3,607	3,768	20,444
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-22,274	0	-10,725	-30,420	0	-50,731	-19,673	-7,122	-76	-13,756	0	-40,065	-63,917
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-44,666	325,276	-605,712	-249,812	358,275	-17,318	79,543	114,067	135,839	-11,094	-6,209	-23,794	-77,633	500,627
Creditors	2,677	74,857	-24,755	-14,037	27,142	2,499	-570,229	102,915	178,243	-7,305	-62,601	-7,160	-2,502	414,320
Accruals and Deferred Income	32,001	-131,888	-136,876	9,179	178,354	-62,489	584,679	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,267	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	70,275	-270,190	326,862	292,596	-20,943	-158,618	147,613	72,838	72,019	3,110	-11,484	-43,454	181,099	98,307
Investing Activities
capital expenditure	-30,895	0	-2,884	-4,833	-9,059	0	-14,354	-8,575	-11,930	-198	0	-3,522	-3,650	-23,007
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,895	0	-2,884	-4,833	-9,059	0	-14,354	-8,575	-11,930	-198	0	-3,522	-3,650	-23,007
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	-50,000	-50,000	237,500	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	0	0	0	0	0	0	0	0	100
interest	-1,899	-13,882	-6,773	3,170	2,184	960	989	1,478	1,161	998	1,014	1,155	824	189
cash flow from financing	-51,899	-63,882	230,727	3,170	2,184	960	989	1,478	1,161	998	1,014	1,155	824	289
cash and cash equivalents
cash	-12,519	-296,572	567,205	290,934	-27,818	-157,658	134,248	65,741	61,249	3,910	-10,470	-45,821	178,273	75,589
overdraft	0	37,500	12,500	0	0	0	0	0	0	0	0	0	0	0
change in cash	-12,519	-334,072	554,705	290,934	-27,818	-157,658	134,248	65,741	61,249	3,910	-10,470	-45,821	178,273	75,589

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORGAN SPENCER LIMITED group structure

Morgan Spencer Limited has no subsidiary companies.

Ultimate parent company

MORGAN SPENCER LIMITED

04254114

MORGAN SPENCER LIMITED Shareholders

ms margaret denise george	40%
mrs kay atkinson	30%
mrs julie jones	30%

Morgan Spencer Limited currently has 3 directors. The longest serving directors include Mrs Julie Jones (Jul 2001) and Mrs Kay Atkinson (Jul 2001).

officer	age	start	end	role
Mrs Julie Jones	54 years	Jul 2001	-	Director
Mrs Kay Atkinson	51 years	Jul 2001	-	Director
Ms Margaret George	61 years	Jul 2001	-	Director

P&L

August 2022

turnover

9.2m

+4%

operating profit

-20k

gross margin

22%

+13.8%

turnover

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

Balance Sheet

August 2022

net assets

553.8k

-0.04%

total assets

1.3m

-0.02%

cash

826.3k

-0.01%

net assets

Total assets minus all liabilities

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company number

04254114

Type

Private limited with Share Capital

industry

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

78200 - Temporary employment agency activities

incorporation date

July 2001

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

c/o mcbrides accountants llp, nexus house, sidcup, kent, DA14 5DA

last accounts submitted

August 2022

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 2 charges/mortgages relating to morgan spencer limited. Currently there are 1 open charges and 1 have been satisfied in the past.

morgan spencer limited Company Information

morgan spencer limited Estimated Valuation

morgan spencer limited Estimated Valuation

morgan spencer limited Estimated Valuation

Morgan Spencer Limited Overview

Morgan Spencer Limited Health Check

MORGAN SPENCER LIMITED financials

morgan spencer limited Credit Report and Business Information

Morgan Spencer Limited Competitor Analysis

morgan spencer limited Ownership

morgan spencer limited directors

morgan spencer limited company details

morgan spencer limited Charges & Mortgages

morgan spencer limited Companies House Filings - See Documents