thomas morris limited
thomas morris limited Company Information
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
newcastle house albany court, newcastle business park, newcastle upon tyne, NE4 7YB
Website
www.thomasmorris.co.ukthomas morris limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS MORRIS LIMITED at £3.6m based on a Turnover of £1.4m and 2.55x industry multiple (adjusted for size and gross margin).
thomas morris limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS MORRIS LIMITED at £100.9k based on an EBITDA of £15k and a 6.73x industry multiple (adjusted for size and gross margin).
thomas morris limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS MORRIS LIMITED at £9.5m based on Net Assets of £5.2m and 1.82x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thomas Morris Limited Overview
Thomas Morris Limited is a live company located in newcastle upon tyne, NE4 7YB with a Companies House number of 04377568. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in February 2002, it's largest shareholder is lsli limited with a 100% stake. Thomas Morris Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Thomas Morris Limited Health Check
Pomanda's financial health check has awarded Thomas Morris Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.4m, make it larger than the average company (£363.1k)
£1.4m - Thomas Morris Limited
£363.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (4.5%)
-28% - Thomas Morris Limited
4.5% - Industry AVG
Production
with a gross margin of 68.7%, this company has a comparable cost of product (68.7%)
68.7% - Thomas Morris Limited
68.7% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (6.6%)
-2.9% - Thomas Morris Limited
6.6% - Industry AVG
Employees
with 12 employees, this is above the industry average (7)
12 - Thomas Morris Limited
7 - Industry AVG
Pay Structure
on an average salary of £75.6k, the company has a higher pay structure (£42.6k)
£75.6k - Thomas Morris Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £116.8k, this is equally as efficient (£103.6k)
£116.8k - Thomas Morris Limited
£103.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (50 days)
2 days - Thomas Morris Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (30 days)
5 days - Thomas Morris Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thomas Morris Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 183 weeks, this is more cash available to meet short term requirements (46 weeks)
183 weeks - Thomas Morris Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.1%, this is a lower level of debt than the average (57.2%)
9.1% - Thomas Morris Limited
57.2% - Industry AVG
THOMAS MORRIS LIMITED financials
Thomas Morris Limited's latest turnover from December 2023 is £1.4 million and the company has net assets of £5.2 million. According to their latest financial statements, Thomas Morris Limited has 12 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,402,000 | 4,656,000 | 5,156,000 | 3,738,000 | 4,005,000 | 4,815,000 | 4,960,000 | 4,866,000 | 4,353,000 | 838,000 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -41,000 | -2,225,000 | 1,083,000 | 655,000 | 419,000 | 879,000 | 914,000 | 951,000 | 819,000 | 355,000 | |||||
| Interest Payable | 14,000 | 7,000 | 27,000 | 2,000 | 3,000 | 2,000 | 7,000 | ||||||||
| Interest Receivable | 98,000 | 83,000 | |||||||||||||
| Pre-Tax Profit | -2,172,000 | -2,149,000 | 1,056,000 | 653,000 | 416,000 | 877,000 | 907,000 | 951,000 | 819,000 | 355,000 | |||||
| Tax | -109,000 | -9,000 | -207,000 | -137,000 | -95,000 | -182,000 | -167,000 | -205,000 | -172,000 | -75,000 | |||||
| Profit After Tax | -2,281,000 | -2,158,000 | 849,000 | 516,000 | 321,000 | 695,000 | 740,000 | 746,000 | 647,000 | 280,000 | |||||
| Dividends Paid | 481,000 | ||||||||||||||
| Retained Profit | -2,762,000 | -2,158,000 | 849,000 | 516,000 | 321,000 | 695,000 | 740,000 | 746,000 | 647,000 | 280,000 | |||||
| Employee Costs | 907,000 | 2,583,000 | 2,742,000 | 2,035,000 | 2,228,000 | 2,603,000 | 2,765,000 | 2,641,000 | 2,126,000 | 259,000 | |||||
| Number Of Employees | 12 | 48 | 50 | 51 | 51 | 61 | 64 | 84 | 79 | 8 | |||||
| EBITDA* | 15,000 | -2,078,000 | 1,271,000 | 867,000 | 657,000 | 901,000 | 934,000 | 968,000 | 844,000 | 19,542,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 418,000 | 509,000 | 487,000 | 677,000 | 87,000 | 44,000 | 43,000 | 30,000 | 3,000 | 2,869 | 2,439 | 1,699 | 1,860 | 2,480 | |
| Intangible Assets | 2,393,000 | 5,447,000 | 5,447,000 | 5,447,000 | 5,447,000 | 5,447,000 | 5,447,000 | 5,447,000 | 366,000 | 245,295 | 262,870 | 135,817 | 146,392 | ||
| Investments & Other | 100,000 | 2,000 | 156,967 | ||||||||||||
| Debtors (Due After 1 year) | 4,263,000 | 2,235,000 | 16,000 | 6,000 | 1,000 | ||||||||||
| Total Fixed Assets | 4,363,000 | 5,048,000 | 5,956,000 | 5,934,000 | 6,123,000 | 5,534,000 | 5,491,000 | 5,490,000 | 5,477,000 | 369,000 | 248,164 | 265,309 | 137,516 | 148,252 | 159,447 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 9,000 | 189,000 | 195,000 | 215,000 | 189,000 | 222,000 | 182,000 | 245,000 | 87,000 | 35,000 | 10,301 | 3,054 | 32,500 | ||
| Group Debtors | 68,000 | 3,055,000 | 3,959,000 | 4,255,000 | 3,128,000 | 3,588,000 | 1,744,000 | 1,596,000 | 35,000 | ||||||
| Misc Debtors | 25,000 | 36,000 | 39,000 | 30,000 | 45,000 | 46,000 | 77,000 | 96,000 | |||||||
| Cash | 1,188,000 | 788,000 | 1,573,000 | 496,000 | 686,000 | 11,000 | 1,226,000 | 481,000 | 1,303,000 | 302,000 | 163,883 | 213,076 | 216,344 | 740,915 | 642,486 |
| misc current assets | 111,000 | ||||||||||||||
| total current assets | 1,376,000 | 4,057,000 | 5,763,000 | 5,005,000 | 4,033,000 | 3,866,000 | 3,198,000 | 2,399,000 | 1,521,000 | 337,000 | 174,184 | 216,130 | 248,844 | 740,915 | 642,486 |
| total assets | 5,739,000 | 9,105,000 | 11,719,000 | 10,939,000 | 10,156,000 | 9,400,000 | 8,689,000 | 7,889,000 | 6,998,000 | 706,000 | 422,348 | 481,439 | 386,360 | 889,167 | 801,933 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 7,000 | 10,000 | 18,000 | 95,000 | 13,000 | 18,000 | 23,000 | 3,000 | 21,000 | 3,000 | 130,382 | 141,721 | 67,624 | 653,395 | 546,185 |
| Group/Directors Accounts | 65,000 | 14,000 | 87,000 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 89,000 | 116,000 | 126,000 | 134,000 | 156,000 | ||||||||||
| other current liabilities | 240,000 | 746,000 | 949,000 | 938,000 | 623,000 | 782,000 | 761,000 | 707,000 | 470,000 | 126,000 | |||||
| total current liabilities | 336,000 | 937,000 | 1,093,000 | 1,167,000 | 792,000 | 800,000 | 784,000 | 724,000 | 578,000 | 129,000 | 130,382 | 141,721 | 67,624 | 653,395 | 546,185 |
| loans | 592,000 | 626,000 | 862,000 | ||||||||||||
| hp & lease commitments | 96,000 | 195,000 | 296,000 | 313,000 | 431,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 52,424 | ||||||||||||||
| provisions | 89,000 | 1,000 | 4,000 | ||||||||||||
| total long term liabilities | 185,000 | 195,000 | 296,000 | 313,000 | 431,000 | 1,000 | 4,000 | 52,424 | |||||||
| total liabilities | 521,000 | 1,132,000 | 1,389,000 | 1,480,000 | 1,223,000 | 800,000 | 784,000 | 724,000 | 579,000 | 133,000 | 130,382 | 194,145 | 67,624 | 653,395 | 546,185 |
| net assets | 5,218,000 | 7,973,000 | 10,330,000 | 9,459,000 | 8,933,000 | 8,600,000 | 7,905,000 | 7,165,000 | 6,419,000 | 573,000 | 291,966 | 287,294 | 318,736 | 235,772 | 255,748 |
| total shareholders funds | 5,218,000 | 7,973,000 | 10,330,000 | 9,459,000 | 8,933,000 | 8,600,000 | 7,905,000 | 7,165,000 | 6,419,000 | 573,000 | 291,966 | 287,294 | 318,736 | 235,772 | 255,748 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -41,000 | -2,225,000 | 1,083,000 | 655,000 | 419,000 | 879,000 | 914,000 | 951,000 | 819,000 | 355,000 | |||||
| Depreciation | 56,000 | 147,000 | 188,000 | 212,000 | 238,000 | 22,000 | 20,000 | 17,000 | 25,000 | 1,596,000 | 2,163 | 613 | 566 | 620 | 827 |
| Amortisation | 17,591,000 | 17,575 | 12,947 | 10,575 | 10,575 | 10,575 | |||||||||
| Tax | -109,000 | -9,000 | -207,000 | -137,000 | -95,000 | -182,000 | -167,000 | -205,000 | -172,000 | -75,000 | |||||
| Stock | |||||||||||||||
| Debtors | -1,164,000 | 1,298,000 | -309,000 | 1,167,000 | -507,000 | 1,883,000 | 54,000 | 1,700,000 | 183,000 | 24,699 | 7,247 | -29,446 | 32,500 | ||
| Creditors | -3,000 | -8,000 | -77,000 | 82,000 | -5,000 | -5,000 | 20,000 | -18,000 | 18,000 | -127,382 | -11,339 | 74,097 | -585,771 | 107,210 | 546,185 |
| Accruals and Deferred Income | -506,000 | -203,000 | 11,000 | 315,000 | -159,000 | 21,000 | 54,000 | 237,000 | 344,000 | 126,000 | |||||
| Deferred Taxes & Provisions | 89,000 | -1,000 | -3,000 | 4,000 | |||||||||||
| Cash flow from operations | 650,000 | -3,596,000 | 1,307,000 | -40,000 | 905,000 | -1,148,000 | 787,000 | -719,000 | 848,000 | 19,444,919 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 98,000 | 2,000 | -156,967 | 156,967 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -65,000 | 65,000 | -14,000 | -73,000 | 87,000 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -592,000 | -34,000 | -236,000 | 862,000 | |||||||||||
| Hire Purchase and Lease Commitments | -126,000 | -111,000 | -25,000 | -140,000 | 587,000 | ||||||||||
| other long term liabilities | -52,424 | 52,424 | |||||||||||||
| share issue | |||||||||||||||
| interest | 84,000 | 76,000 | -27,000 | -2,000 | -3,000 | -2,000 | -7,000 | ||||||||
| cash flow from financing | -100,000 | -761,000 | -64,000 | -368,000 | 1,458,000 | -2,000 | -21,000 | -73,000 | 5,286,000 | 1,034 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 400,000 | -785,000 | 1,077,000 | -190,000 | 675,000 | -1,215,000 | 745,000 | -822,000 | 1,001,000 | 138,117 | -49,193 | -3,268 | -524,571 | 98,429 | 642,486 |
| overdraft | |||||||||||||||
| change in cash | 400,000 | -785,000 | 1,077,000 | -190,000 | 675,000 | -1,215,000 | 745,000 | -822,000 | 1,001,000 | 138,117 | -49,193 | -3,268 | -524,571 | 98,429 | 642,486 |
thomas morris limited Credit Report and Business Information
Thomas Morris Limited Competitor Analysis
Perform a competitor analysis for thomas morris limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NE4 area or any other competitors across 12 key performance metrics.
thomas morris limited Ownership
THOMAS MORRIS LIMITED group structure
Thomas Morris Limited has no subsidiary companies.
Ultimate parent company
2 parents
THOMAS MORRIS LIMITED
04377568
thomas morris limited directors
Thomas Morris Limited currently has 2 directors. The longest serving directors include Mr Peter Bisset (Mar 2021) and Mr Paul Hardy (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Bisset | England | 42 years | Mar 2021 | - | Director |
| Mr Paul Hardy | England | 49 years | May 2023 | - | Director |
P&L
December 2023turnover
1.4m
-70%
operating profit
-41k
-98%
gross margin
68.8%
-5.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.2m
-0.35%
total assets
5.7m
-0.37%
cash
1.2m
+0.51%
net assets
Total assets minus all liabilities
thomas morris limited company details
company number
04377568
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
thomas morris (property management) limited (April 2015)
accountant
-
auditor
ERNST & YOUNG LLP
address
newcastle house albany court, newcastle business park, newcastle upon tyne, NE4 7YB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
thomas morris 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 did not find charges/mortgages relating to thomas morris limited.
thomas morris 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 THOMAS MORRIS LIMITED. This can take several minutes, an email will notify you when this has completed.
thomas morris limited Companies House Filings - See Documents
| date | description | view/download |
|---|
