morrison water services limited
morrison water services limited Company Information
Company Number
04530602
Next Accounts
Dec 2025
Shareholders
mgs water limited
Group Structure
View All
Industry
Construction of water projects
+2Registered Address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Website
www.morrisonws.commorrison water services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON WATER SERVICES LIMITED at £188.7m based on a Turnover of £520.7m and 0.36x industry multiple (adjusted for size and gross margin).
morrison water services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON WATER SERVICES LIMITED at £57.8m based on an EBITDA of £12.1m and a 4.79x industry multiple (adjusted for size and gross margin).
morrison water services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON WATER SERVICES LIMITED at £53.7m based on Net Assets of £27.6m and 1.94x industry multiple (adjusted for liquidity).
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Morrison Water Services Limited Overview
Morrison Water Services Limited is a live company located in stevenage, SG1 2ST with a Companies House number of 04530602. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in September 2002, it's largest shareholder is mgs water limited with a 100% stake. Morrison Water Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £520.7m with declining growth in recent years.
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Morrison Water Services Limited Health Check
Pomanda's financial health check has awarded Morrison Water Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £520.7m, make it larger than the average company (£10.5m)
£520.7m - Morrison Water Services Limited
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (11.3%)
-8% - Morrison Water Services Limited
11.3% - Industry AVG
Production
with a gross margin of 6.7%, this company has a higher cost of product (24.4%)
6.7% - Morrison Water Services Limited
24.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (5.6%)
2.3% - Morrison Water Services Limited
5.6% - Industry AVG
Employees
with 2111 employees, this is above the industry average (41)
2111 - Morrison Water Services Limited
41 - Industry AVG
Pay Structure
on an average salary of £59.5k, the company has an equivalent pay structure (£55.2k)
£59.5k - Morrison Water Services Limited
£55.2k - Industry AVG
Efficiency
resulting in sales per employee of £246.7k, this is equally as efficient (£233.7k)
£246.7k - Morrison Water Services Limited
£233.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (49 days)
5 days - Morrison Water Services Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (35 days)
20 days - Morrison Water Services Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (9 days)
1 days - Morrison Water Services Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (20 weeks)
6 weeks - Morrison Water Services Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (64.4%)
90.5% - Morrison Water Services Limited
64.4% - Industry AVG
MORRISON WATER SERVICES LIMITED financials
Morrison Water Services Limited's latest turnover from March 2024 is £520.7 million and the company has net assets of £27.6 million. According to their latest financial statements, Morrison Water Services Limited has 2,111 employees and maintains cash reserves of £16.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 520,702,000 | 404,628,000 | 403,602,000 | 670,575,000 | 727,658,000 | 873,814,000 | 778,378,000 | 655,488,000 | 613,966,000 | 585,325,000 | 518,395,000 | 550,227,000 | 545,184,000 | 494,257,000 | 480,358,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 486,057,000 | 379,810,000 | 368,844,000 | 652,080,000 | 686,185,000 | 826,987,000 | 737,401,000 | 619,669,000 | 578,726,000 | 552,294,000 | 487,670,000 | 517,924,000 | 514,733,000 | 465,375,000 | 455,209,000 |
| Gross Profit | 34,645,000 | 24,818,000 | 34,758,000 | 18,495,000 | 41,473,000 | 46,827,000 | 40,977,000 | 35,819,000 | 35,240,000 | 33,031,000 | 30,725,000 | 32,303,000 | 30,451,000 | 28,882,000 | 25,149,000 |
| Admin Expenses | 22,819,000 | 36,205,000 | 12,778,000 | 12,813,000 | 21,454,000 | 18,203,000 | 15,507,000 | 12,168,000 | 11,325,000 | 13,037,000 | 11,544,000 | 11,886,000 | 10,585,000 | 11,179,000 | 9,979,000 |
| Operating Profit | 11,826,000 | -11,387,000 | 21,980,000 | 5,682,000 | 20,019,000 | 28,624,000 | 25,470,000 | 23,651,000 | 23,915,000 | 19,994,000 | 19,181,000 | 20,417,000 | 19,866,000 | 17,703,000 | 15,170,000 |
| Interest Payable | 3,270,000 | 42,000 | 9,000 | 23,000 | 146,000 | 748,000 | 447,000 | 210,000 | 284,000 | 196,000 | 153,000 | 162,000 | 136,000 | 52,000 | 429,000 |
| Interest Receivable | 757,000 | 80,000 | 24,000 | 9,000 | 3,000 | 18,000 | 508,000 | 164,000 | 39,000 | 152,000 | 180,000 | 203,000 | 87,000 | 102,000 | 61,000 |
| Pre-Tax Profit | 9,313,000 | -11,349,000 | 21,995,000 | 5,668,000 | 44,876,000 | 27,894,000 | 25,531,000 | 23,605,000 | 23,808,000 | 19,950,000 | 19,323,000 | 22,162,000 | 18,204,000 | 17,707,000 | 15,089,000 |
| Tax | -4,034,000 | -711,000 | -4,293,000 | -1,188,000 | -3,254,000 | -4,389,000 | -4,911,000 | -4,316,000 | -4,908,000 | -4,339,000 | -4,597,000 | -4,953,000 | -5,495,000 | -5,300,000 | -4,154,000 |
| Profit After Tax | 5,279,000 | -12,060,000 | 17,702,000 | 4,480,000 | 41,622,000 | 23,505,000 | 20,620,000 | 19,289,000 | 18,900,000 | 15,611,000 | 14,726,000 | 17,209,000 | 12,709,000 | 12,407,000 | 10,935,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 5,279,000 | -12,060,000 | 17,702,000 | 4,480,000 | 41,622,000 | 23,505,000 | 20,620,000 | 19,289,000 | 18,900,000 | 15,611,000 | 14,726,000 | 17,209,000 | 12,709,000 | 12,407,000 | 10,935,000 |
| Employee Costs | 125,544,000 | 116,841,000 | 121,654,000 | 181,078,000 | 207,150,000 | 189,369,000 | 179,196,000 | 155,804,000 | 151,381,000 | 143,972,000 | 138,451,000 | 139,865,000 | 136,408,000 | 126,424,000 | 116,775,000 |
| Number Of Employees | 2,111 | 1,961 | 1,916 | 4,155 | 4,998 | 4,544 | 4,234 | 3,970 | 3,882 | 3,666 | 3,618 | 3,352 | 3,456 | 3,261 | 3,127 |
| EBITDA* | 12,061,000 | -11,076,000 | 22,162,000 | 6,271,000 | 25,532,000 | 33,827,000 | 30,024,000 | 27,768,000 | 27,775,000 | 23,713,000 | 23,062,000 | 24,446,000 | 23,680,000 | 20,950,000 | 17,936,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,951,000 | 2,493,000 | 564,000 | 1,040,000 | 18,935,000 | 16,452,000 | 15,390,000 | 13,179,000 | 13,494,000 | 13,087,000 | 11,981,000 | 11,496,000 | 11,200,000 | 9,770,000 | 8,529,000 |
| Intangible Assets | 130,000 | 401,000 | 43,000 | 157,000 | 557,000 | 614,000 | 740,000 | 614,000 | 260,000 | ||||||
| Investments & Other | 1,000,000 | 1,000,000 | 4,982,000 | 4,982,000 | |||||||||||
| Debtors (Due After 1 year) | 106,849,000 | 123,117,000 | 303,715,000 | 284,801,000 | 257,724,000 | 126,367,000 | |||||||||
| Total Fixed Assets | 108,800,000 | 125,740,000 | 305,680,000 | 286,884,000 | 276,816,000 | 17,009,000 | 16,004,000 | 13,919,000 | 14,108,000 | 139,714,000 | 11,981,000 | 11,496,000 | 11,200,000 | 14,752,000 | 13,511,000 |
| Stock & work in progress | 2,646,000 | 1,526,000 | 594,000 | 926,000 | 822,000 | 694,000 | 736,000 | 187,000 | 223,000 | 230,000 | 261,000 | 297,000 | 342,000 | ||
| Trade Debtors | 7,542,000 | 3,302,000 | 75,533,000 | 139,728,000 | 121,214,000 | 137,389,000 | 130,062,000 | 107,685,000 | 21,476,000 | 14,610,000 | 117,068,000 | 99,341,000 | 93,870,000 | 97,474,000 | 10,959,000 |
| Group Debtors | 155,637,000 | 94,261,000 | 23,858,000 | 13,355,000 | 9,735,000 | 240,095,000 | 201,623,000 | 188,082,000 | 211,126,000 | 78,458,000 | 64,312,000 | 55,848,000 | 42,351,000 | 18,022,000 | |
| Misc Debtors | 998,000 | 7,040,000 | 8,602,000 | 19,665,000 | 20,563,000 | 13,830,000 | 13,869,000 | 6,312,000 | 7,540,000 | 101,687,000 | 1,455,000 | 2,453,000 | 5,036,000 | 3,844,000 | 81,593,000 |
| Cash | 16,365,000 | 57,473,000 | 39,901,000 | 42,318,000 | 29,933,000 | 14,531,000 | 19,864,000 | 21,456,000 | 67,985,000 | 14,208,000 | 37,437,000 | 38,400,000 | 32,937,000 | 19,158,000 | 26,370,000 |
| misc current assets | |||||||||||||||
| total current assets | 183,188,000 | 163,602,000 | 147,894,000 | 215,066,000 | 182,039,000 | 406,771,000 | 366,240,000 | 324,229,000 | 308,863,000 | 130,692,000 | 234,641,000 | 204,736,000 | 187,952,000 | 163,124,000 | 137,286,000 |
| total assets | 291,988,000 | 289,342,000 | 453,574,000 | 501,950,000 | 458,855,000 | 423,780,000 | 382,244,000 | 338,148,000 | 322,971,000 | 270,406,000 | 246,622,000 | 216,232,000 | 199,152,000 | 177,876,000 | 150,797,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 27,870,000 | 35,716,000 | 40,705,000 | 79,467,000 | 54,290,000 | 64,525,000 | 63,558,000 | 60,883,000 | 61,802,000 | 53,487,000 | 53,845,000 | 54,091,000 | 54,471,000 | 52,204,000 | 47,861,000 |
| Group/Directors Accounts | 13,494,000 | 83,836,000 | 87,904,000 | 105,212,000 | 76,819,000 | 69,956,000 | 58,445,000 | 42,092,000 | 38,585,000 | 35,206,000 | 29,704,000 | 19,698,000 | 18,486,000 | 18,427,000 | 11,571,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 283,000 | 266,000 | 718,000 | 916,000 | 906,000 | 427,000 | 466,000 | 88,000 | 240,000 | 292,000 | 363,000 | 625,000 | 69,000 | ||
| other current liabilities | 84,256,000 | 60,780,000 | 47,304,000 | 57,547,000 | 69,632,000 | 72,139,000 | 65,568,000 | 62,901,000 | 68,488,000 | 48,236,000 | 44,915,000 | 38,702,000 | 39,214,000 | 32,223,000 | 29,355,000 |
| total current liabilities | 125,903,000 | 180,598,000 | 175,913,000 | 242,226,000 | 201,459,000 | 207,536,000 | 188,477,000 | 166,303,000 | 169,341,000 | 137,017,000 | 128,704,000 | 112,783,000 | 112,534,000 | 103,479,000 | 88,856,000 |
| loans | 111,539,000 | ||||||||||||||
| hp & lease commitments | 1,565,000 | 1,850,000 | 1,453,000 | 1,540,000 | 2,456,000 | 832,000 | 1,258,000 | 40,000 | 122,000 | 254,000 | 382,000 | 585,000 | 292,000 | ||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 25,358,000 | 8,221,000 | |||||||||||||
| total long term liabilities | 138,462,000 | 10,071,000 | 311,000 | 2,575,000 | 3,368,000 | 3,968,000 | 2,686,000 | 2,803,000 | 1,703,000 | 1,076,000 | 1,430,000 | 1,200,000 | 1,503,000 | 1,117,000 | |
| total liabilities | 264,365,000 | 190,669,000 | 175,913,000 | 242,537,000 | 204,034,000 | 210,904,000 | 192,445,000 | 168,989,000 | 172,144,000 | 138,720,000 | 129,780,000 | 114,213,000 | 113,734,000 | 104,982,000 | 89,973,000 |
| net assets | 27,623,000 | 98,673,000 | 277,661,000 | 259,413,000 | 254,821,000 | 212,876,000 | 189,799,000 | 169,159,000 | 150,827,000 | 131,686,000 | 116,842,000 | 102,019,000 | 85,418,000 | 72,894,000 | 60,824,000 |
| total shareholders funds | 27,623,000 | 98,673,000 | 277,661,000 | 259,413,000 | 254,821,000 | 212,876,000 | 189,799,000 | 169,159,000 | 150,827,000 | 131,686,000 | 116,842,000 | 102,019,000 | 85,418,000 | 72,894,000 | 60,824,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 11,826,000 | -11,387,000 | 21,980,000 | 5,682,000 | 20,019,000 | 28,624,000 | 25,470,000 | 23,651,000 | 23,915,000 | 19,994,000 | 19,181,000 | 20,417,000 | 19,866,000 | 17,703,000 | 15,170,000 |
| Depreciation | 235,000 | 311,000 | 182,000 | 475,000 | 5,348,000 | 4,940,000 | 4,554,000 | 4,117,000 | 3,860,000 | 3,719,000 | 3,881,000 | 4,029,000 | 3,814,000 | 3,247,000 | 2,766,000 |
| Amortisation | 114,000 | 165,000 | 263,000 | ||||||||||||
| Tax | -4,034,000 | -711,000 | -4,293,000 | -1,188,000 | -3,254,000 | -4,389,000 | -4,911,000 | -4,316,000 | -4,908,000 | -4,339,000 | -4,597,000 | -4,953,000 | -5,495,000 | -5,300,000 | -4,154,000 |
| Stock | 1,120,000 | 1,526,000 | -594,000 | -332,000 | 104,000 | 128,000 | -42,000 | 549,000 | -36,000 | -7,000 | -31,000 | -36,000 | -45,000 | 342,000 | |
| Debtors | 43,306,000 | -183,988,000 | -45,841,000 | 48,313,000 | 17,922,000 | 45,760,000 | 43,475,000 | 61,937,000 | -2,522,000 | 45,683,000 | 30,875,000 | 11,352,000 | 11,085,000 | 33,095,000 | 110,574,000 |
| Creditors | -7,846,000 | -4,989,000 | -38,762,000 | 25,177,000 | -10,235,000 | 967,000 | 2,675,000 | -919,000 | 8,315,000 | -358,000 | -246,000 | -380,000 | 2,267,000 | 4,343,000 | 47,861,000 |
| Accruals and Deferred Income | 23,476,000 | 13,476,000 | -10,243,000 | -12,085,000 | -2,507,000 | 6,571,000 | 2,667,000 | -5,587,000 | 20,252,000 | 3,321,000 | 6,213,000 | -512,000 | 6,991,000 | 2,868,000 | 29,355,000 |
| Deferred Taxes & Provisions | 17,137,000 | 8,221,000 | |||||||||||||
| Cash flow from operations | -3,632,000 | 187,383,000 | 14,705,000 | -29,544,000 | -8,054,000 | -8,888,000 | -13,148,000 | -44,949,000 | 53,407,000 | -23,310,000 | -6,436,000 | 7,280,000 | 16,394,000 | -10,189,000 | -19,918,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,000,000 | 1,000,000 | -4,982,000 | 4,982,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -70,342,000 | -4,068,000 | -17,308,000 | 28,393,000 | 6,863,000 | 11,511,000 | 16,353,000 | 3,507,000 | 3,379,000 | 5,502,000 | 10,006,000 | 1,212,000 | 59,000 | 6,856,000 | 11,571,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | 111,539,000 | ||||||||||||||
| Hire Purchase and Lease Commitments | -268,000 | 2,116,000 | -2,171,000 | -285,000 | -906,000 | 2,103,000 | -465,000 | 1,596,000 | -234,000 | -184,000 | -199,000 | -465,000 | 849,000 | 361,000 | |
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -2,513,000 | 38,000 | 15,000 | -14,000 | -143,000 | -730,000 | 61,000 | -46,000 | -245,000 | -44,000 | 27,000 | 41,000 | -49,000 | 50,000 | -368,000 |
| cash flow from financing | -37,913,000 | -168,842,000 | -16,747,000 | 26,320,000 | 6,758,000 | 9,447,000 | 18,537,000 | 2,039,000 | 4,971,000 | 4,457,000 | 9,946,000 | 446,000 | -640,000 | 7,418,000 | 61,453,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -41,108,000 | 17,572,000 | -2,417,000 | 12,385,000 | 15,402,000 | -5,333,000 | -1,592,000 | -46,529,000 | 53,777,000 | -23,229,000 | -963,000 | 5,463,000 | 13,779,000 | -7,212,000 | 26,370,000 |
| overdraft | |||||||||||||||
| change in cash | -41,108,000 | 17,572,000 | -2,417,000 | 12,385,000 | 15,402,000 | -5,333,000 | -1,592,000 | -46,529,000 | 53,777,000 | -23,229,000 | -963,000 | 5,463,000 | 13,779,000 | -7,212,000 | 26,370,000 |
morrison water services limited Credit Report and Business Information
Morrison Water Services Limited Competitor Analysis
Perform a competitor analysis for morrison water services limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in SG1 area or any other competitors across 12 key performance metrics.
morrison water services limited Ownership
MORRISON WATER SERVICES LIMITED group structure
Morrison Water Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
MORRISON WATER SERVICES LIMITED
04530602
1 subsidiary
morrison water services limited directors
Morrison Water Services Limited currently has 10 directors. The longest serving directors include Mr William Cooper (Dec 2019) and Mr Lawrence Summers (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Cooper | 51 years | Dec 2019 | - | Director | |
| Mr Lawrence Summers | 55 years | Feb 2020 | - | Director | |
| Mr Andrew Findlay | United Kingdom | 55 years | Aug 2021 | - | Director |
| Mr Andrew Findlay | United Kingdom | 55 years | Aug 2021 | - | Director |
| Mr Christian Keen | 61 years | Sep 2022 | - | Director | |
| Mr Alain Loosveld | England | 56 years | Sep 2022 | - | Director |
| Mr Jonathan Yarr | Scotland | 45 years | Jun 2023 | - | Director |
| Mr Peter Tosland | England | 55 years | Aug 2023 | - | Director |
| Mr Iain Sutherland | Scotland | 53 years | Jan 2024 | - | Director |
| Mr Stephen Paterson | Scotland | 35 years | Aug 2024 | - | Director |
P&L
March 2024turnover
520.7m
+29%
operating profit
11.8m
-204%
gross margin
6.7%
+8.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
27.6m
-0.72%
total assets
292m
+0.01%
cash
16.4m
-0.72%
net assets
Total assets minus all liabilities
morrison water services limited company details
company number
04530602
Type
Private limited with Share Capital
industry
42220 - Construction of utility projects for electricity and telecommunications
42910 - Construction of water projects
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
September 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
morrison utility services limited (April 2021)
awg utility services limited (October 2004)
accountant
-
auditor
DEOITTE LLP
address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
morrison water services 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 11 charges/mortgages relating to morrison water services limited. Currently there are 1 open charges and 10 have been satisfied in the past.
morrison water services 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.
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morrison water services limited Companies House Filings - See Documents
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