Morris Bros Kitchens Ltd

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morris bros kitchens ltd Company Information

Company Number

05295169

Next Accounts

Aug 2025

Directors

Paul Morris

Shani Morris

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Shareholders

rhian healy

paul morris

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Group Structure

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Industry

Retail sale of hardware, paints and glass in specialised stores

Registered Address

5 portland road, aberystwyth, ceredigion, SY23 2NL

Website

www.morrisbroskitchens.co.uk

morris bros kitchens ltd Estimated Valuation

£206.8k

Pomanda estimates the enterprise value of MORRIS BROS KITCHENS LTD at £206.8k based on Net Assets of £91.9k and 2.25x industry multiple (adjusted for liquidity).

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Morris Bros Kitchens Ltd is a live company located in ceredigion, SY23 2NL with a Companies House number of 05295169. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in November 2004, it's largest shareholder is rhian healy with a 50% stake. Morris Bros Kitchens Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £435.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Morris Bros Kitchens Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £435.8k, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.2%)

EXPORT

Morris Bros Kitchens Ltd's latest turnover from November 2023 is estimated at £435.8 thousand and the company has net assets of £91.9 thousand. According to their latest financial statements, Morris Bros Kitchens Ltd has 6 employees and maintains cash reserves of £53.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	435,798	472,143	403,376	499,192	460,623	567,602	929,710	1,202,877	1,393,963	1,559,932	1,055,168	1,159,349	1,227,471	340,267
Other Income Or Grants
Cost Of Sales	296,737	308,326	250,272	314,550	286,423	346,549	582,707	772,633	890,141	987,929	677,937	714,315	756,135	213,158
Gross Profit	139,060	163,817	153,104	184,642	174,201	221,053	347,004	430,243	503,822	572,003	377,232	445,034	471,336	127,109
Admin Expenses	135,050	147,321	150,760	208,170	166,843	237,170	329,985	439,525	504,767	541,349	364,293	448,800	451,934	130,297	-87,367
Operating Profit	4,010	16,496	2,344	-23,528	7,358	-16,117	17,019	-9,282	-945	30,654	12,939	-3,766	19,402	-3,188	87,367
Interest Payable	2,476	2,623	2,063	1,068			909	874
Interest Receivable	2,455	2,256	120	129	639	398	376	207	423	393	390	427	324	329	208
Pre-Tax Profit	3,989	16,130	401	-24,467	7,998	-15,719	16,486	-9,949	-522	31,047	13,329	-3,339	19,726	-2,859	87,575
Tax	-997	-3,065	-76		-1,520		-3,132			-6,520	-3,066		-5,129		-24,521
Profit After Tax	2,992	13,065	325	-24,467	6,478	-15,719	13,354	-9,949	-522	24,527	10,263	-3,339	14,597	-2,859	63,054
Dividends Paid
Retained Profit	2,992	13,065	325	-24,467	6,478	-15,719	13,354	-9,949	-522	24,527	10,263	-3,339	14,597	-2,859	63,054
Employee Costs	190,774	181,074	161,735	148,655	143,550	90,837	181,981	249,992	267,054	292,604	204,639	228,784	228,926	65,495
Number Of Employees	6	6	6	6	6	4	9	13	13	15	11	13	13	4
EBITDA*	20,613	24,489	9,619	-15,526	12,501	-11,590	17,019	-9,016	2,476	35,650	15,586	-882	21,704	-518	89,569

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	98,324	96,137	71,617	72,524	63,947	62,095	57,855	60,599	59,754	63,175	59,471	60,059	55,493	57,795	56,256
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	98,324	96,137	71,617	72,524	63,947	62,095	57,855	60,599	59,754	63,175	59,471	60,059	55,493	57,795	56,256
Stock & work in progress	46,000	60,756	54,565	89,238	50,000	60,100	56,000	68,400	47,250	37,567	38,645	67,754	59,567	17,000	17,505
Trade Debtors	1,013	18,738	834	31,221	34,145	89,545	144,150	87,974	117,672	119,516	79,531	102,837	95,417	22,607	7,431
Group Debtors
Misc Debtors				859	859
Cash	53,410	40,121	110,292	130,532	127,392	43,044	63,096	87,296	78,238	90,826	66,315	89,506	81,179	48,283	83,272
misc current assets
total current assets	100,423	119,615	165,691	251,850	212,396	193,587	263,246	243,670	243,160	247,909	184,491	260,097	236,163	87,890	108,208
total assets	198,747	215,752	237,308	324,374	276,343	255,682	321,101	304,269	302,914	311,084	243,962	320,156	291,656	145,685	164,464
Bank overdraft	6,994	6,994	6,993	35,000				27,965
Bank loan
Trade Creditors	30,035	57,805	87,325	92,447	52,853	34,590	49,385	58,360	194,943	203,762	161,167	247,624	215,785	84,411	100,331
Group/Directors Accounts	1,673	371	7,845	277
other short term finances
hp & lease commitments
other current liabilities	48,778	35,307	29,193	116,669	120,671		160,697	119,753
total current liabilities	87,480	100,477	131,356	244,393	173,524	159,693	210,082	206,078	194,943	203,762	161,167	247,624	215,785	84,411	100,331
loans	11,378	18,651	25,646
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	7,969	7,696	4,561	4,561	2,932		1,891	2,417	2,248	1,077	1,077	1,077	1,077	1,077	1,077
total long term liabilities	19,347	26,347	30,207	4,561	2,932	2,580	1,891	2,417	2,248	1,077	1,077	1,077	1,077	1,077	1,077
total liabilities	106,827	126,824	161,563	248,954	176,456	162,273	211,973	208,495	197,191	204,839	162,244	248,701	216,862	85,488	101,408
net assets	91,920	88,928	75,745	75,420	99,887	93,409	109,128	95,774	105,723	106,245	81,718	71,455	74,794	60,197	63,056
total shareholders funds	91,920	88,928	75,745	75,420	99,887	93,409	109,128	95,774	105,723	106,245	81,718	71,455	74,794	60,197	63,056

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	4,010	16,496	2,344	-23,528	7,358	-16,117	17,019	-9,282	-945	30,654	12,939	-3,766	19,402	-3,188	87,367
Depreciation	16,603	7,993	7,275	8,002	5,143	4,527		266	3,421	4,996	2,647	2,884	2,302	2,670	2,202
Amortisation
Tax	-997	-3,065	-76		-1,520		-3,132			-6,520	-3,066		-5,129		-24,521
Stock	-14,756	6,191	-34,673	39,238	-10,100	4,100	-12,400	21,150	9,683	-1,078	-29,109	8,187	42,567	-505	17,505
Debtors	-17,725	17,904	-31,246	-2,924	-54,541	-54,605	56,176	-29,698	-1,844	39,985	-23,306	7,420	72,810	15,176	7,431
Creditors	-27,770	-29,520	-5,122	39,594	18,263	-14,795	-8,975	-136,583	-8,819	42,595	-86,457	31,839	131,374	-15,920	100,331
Accruals and Deferred Income	13,471	6,114	-87,476	-4,002	120,671	-160,697	40,944	119,753
Deferred Taxes & Provisions	273	3,135		1,629	2,932	-1,891	-526	169	1,171						1,077
Cash flow from operations	38,071	-22,942	-17,136	-14,619	217,488	-138,468	1,554	-17,129	-13,011	32,818	-21,522	15,350	32,572	-31,109	141,520
Investing Activities
capital expenditure	-18,790	-32,513	-6,368	-16,579	-6,995	-8,767	2,744	-1,111		-8,700	-2,059	-7,450		-4,209	-58,458
Change in Investments
cash flow from investments	-18,790	-32,513	-6,368	-16,579	-6,995	-8,767	2,744	-1,111		-8,700	-2,059	-7,450		-4,209	-58,458
Financing Activities
Bank loans
Group/Directors Accounts	1,302	-7,474	7,568	277
Other Short Term Loans
Long term loans	-7,273	-6,995	25,646
Hire Purchase and Lease Commitments
other long term liabilities
share issue		118													2
interest	-21	-367	-1,943	-939	639	398	-533	-667	423	393	390	427	324	329	208
cash flow from financing	-5,992	-14,718	31,271	-662	639	398	-533	-667	423	393	390	427	324	329	210
cash and cash equivalents
cash	13,289	-70,171	-20,240	3,140	84,348	-20,052	-24,200	9,058	-12,588	24,511	-23,191	8,327	32,896	-34,989	83,272
overdraft		1	-28,007	35,000			-27,965	27,965
change in cash	13,289	-70,172	7,767	-31,860	84,348	-20,052	3,765	-18,907	-12,588	24,511	-23,191	8,327	32,896	-34,989	83,272

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for morris bros kitchens ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SY23 area or any other competitors across 12 key performance metrics.

MORRIS BROS KITCHENS LTD group structure

Morris Bros Kitchens Ltd has no subsidiary companies.

Ultimate parent company

MORRIS BROS KITCHENS LTD

05295169

MORRIS BROS KITCHENS LTD Shareholders

rhian healy	50%
paul morris	25%
shani patricia morris	25%

Morris Bros Kitchens Ltd currently has 3 directors. The longest serving directors include Mr Paul Morris (Nov 2004) and Ms Shani Morris (Nov 2004).

officer	age	start	end	role
Mr Paul Morris	65 years	Nov 2004	-	Director
Ms Shani Morris	64 years	Nov 2004	-	Director
Mrs Rhian Healy	38 years	Jul 2024	-	Director

P&L

November 2023

turnover

435.8k

-8%

operating profit

gross margin

32%

-8.03%

turnover

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

Balance Sheet

November 2023

net assets

91.9k

+0.03%

total assets

198.7k

-0.08%

cash

53.4k

+0.33%

net assets

Total assets minus all liabilities

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company number

05295169

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

November 2004

ultimate parent company

None

previous names

N/A

address

5 portland road, aberystwyth, ceredigion, SY23 2NL

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morris bros kitchens ltd Company Information

morris bros kitchens ltd Estimated Valuation

morris bros kitchens ltd Estimated Valuation

morris bros kitchens ltd Estimated Valuation

Morris Bros Kitchens Ltd Overview

Morris Bros Kitchens Ltd Health Check

MORRIS BROS KITCHENS LTD financials

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morris bros kitchens ltd Ownership

morris bros kitchens ltd directors

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