Morthen Developments Limited

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morthen developments limited Company Information

Live

EstablishedMicroDeclining

Company Number

05488552

Website

Registered Address

24-26 mansfield road, rotherham, south yorkshire, S60 2DT

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Development of building projects

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Jonathan Hobson4 Years

Jeremy Hobson4 Years

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Shareholders

zoe louise metcalfe 33.3%

jeremy hobson 33.3%

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morthen developments limited Estimated Valuation

£168.8k

Pomanda estimates the enterprise value of MORTHEN DEVELOPMENTS LIMITED at £168.8k based on an EBITDA of £32.8k and a 5.15x industry multiple (adjusted for size and gross margin).

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Morthen Developments Limited is a live company located in south yorkshire, S60 2DT with a Companies House number of 05488552. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2005, it's largest shareholder is zoe louise metcalfe with a 33.3% stake. Morthen Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £5.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Morthen Developments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £5.9k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (1.9%)

EXPORT

Morthen Developments Limited's latest turnover from March 2023 is estimated at £5.9 thousand and the company has net assets of -£8.8 thousand. According to their latest financial statements, we estimate that Morthen Developments Limited has 1 employee and maintains cash reserves of £59 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	5,925	9,875	9,837	8,648	5,884,369	8,777,528	9,539,685	3,063,403	2,388,935	1,324,398	774,027	689,282	603,798	107,167
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,967	5,017	4,972	4,298	2,890,007	4,208,931	4,497,497	1,480,340	1,228,063	673,047	386,186	346,668	309,997	54,494
Gross Profit	2,958	4,858	4,866	4,350	2,994,362	4,568,597	5,042,187	1,583,063	1,160,871	651,350	387,841	342,614	293,802	52,673
Admin Expenses	-29,821	-29,385	-33,977	81,130	2,974,218	4,538,329	4,851,359	1,641,200	1,191,509	680,874	418,773	372,463	329,319	53,871
Operating Profit	32,779	34,243	38,843	-76,780	20,144	30,268	190,828	-58,137	-30,638	-29,524	-30,932	-29,849	-35,517	-1,198
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,852	628	78	32	0	0	49	287	681	494	5	24	34	13
Pre-Tax Profit	35,631	34,872	38,921	-76,748	20,144	30,268	190,878	-57,850	-29,957	-29,030	-30,927	-29,825	-35,483	-1,185
Tax	-6,770	-6,626	-7,395	0	-3,827	-5,751	-38,175	0	0	0	0	0	0	0
Profit After Tax	28,861	28,246	31,526	-76,748	16,317	24,517	152,702	-57,850	-29,957	-29,030	-30,927	-29,825	-35,483	-1,185
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	28,861	28,246	31,526	-76,748	16,317	24,517	152,702	-57,850	-29,957	-29,030	-30,927	-29,825	-35,483	-1,185
Employee Costs	38,798	36,951	35,295	35,851	35,300	34,097	33,435	527,862	382,767	215,067	119,056	117,160	113,918	28,984
Number Of Employees	1	1	1	1	1	1	1	16	12	7	4	4	4	1
EBITDA*	32,779	34,243	38,843	-76,780	20,144	30,268	190,828	-58,137	-30,638	-29,524	-30,932	-29,849	-35,517	-1,198

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	747,500	747,500	747,500	747,500	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	747,500	747,500	747,500	747,500	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	1,512,566	1,002,375	383,099	345,326	339,925	310,875	304,876
Trade Debtors	900	900	900	693	945,009	1,426,336	1,488,043	6,310	4,772	7,774	2,175	669	125	593
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,031	1,268	714	574	0	0	0	0	0	0	0	0	0	0
Cash	58,998	75,226	92,338	63,287	0	0	0	39,265	75,508	196,904	595	1,318	8,401	5,020
misc current assets	0	0	0	0	373	582	346	0	0	0	0	0	0	0
total current assets	61,929	77,394	93,952	64,554	945,382	1,426,918	1,488,389	1,558,141	1,082,655	587,777	348,096	341,912	319,401	310,489
total assets	809,429	824,894	841,452	812,054	945,382	1,426,918	1,488,389	1,558,141	1,082,655	587,777	348,096	341,912	319,401	310,489
Bank overdraft	0	0	0	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	224	0	0	2,049	966,103	1,463,956	1,549,944	1,772,396	1,239,060	714,225	445,514	408,403	356,067	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	311,672
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	818,038	862,588	907,392	907,472	0	0	0	0	0	0	0	0	0	0
total current liabilities	818,262	862,588	907,392	909,521	966,103	1,463,956	1,549,944	1,772,396	1,239,060	714,225	445,514	408,403	356,067	311,672
loans	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
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	818,262	862,588	907,392	909,521	966,103	1,463,956	1,549,944	1,772,396	1,239,060	714,225	445,514	408,403	356,067	311,672
net assets	-8,833	-37,694	-65,940	-97,467	-20,721	-37,038	-61,555	-214,255	-156,405	-126,448	-97,418	-66,491	-36,666	-1,183
total shareholders funds	-8,833	-37,694	-65,940	-97,467	-20,721	-37,038	-61,555	-214,255	-156,405	-126,448	-97,418	-66,491	-36,666	-1,183

	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	32,779	34,243	38,843	-76,780	20,144	30,268	190,828	-58,137	-30,638	-29,524	-30,932	-29,849	-35,517	-1,198
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,770	-6,626	-7,395	0	-3,827	-5,751	-38,175	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	-1,512,566	510,191	619,276	37,773	5,401	29,050	5,999	304,876
Debtors	763	554	347	-943,742	-481,327	-61,707	1,481,733	1,538	-3,002	5,599	1,506	544	-468	593
Creditors	224	0	-2,049	-964,054	-497,853	-85,988	-222,452	533,336	524,835	268,711	37,111	52,336	356,067	0
Accruals and Deferred Income	-44,550	-44,804	-80	907,472	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-19,080	-17,741	28,972	810,380	-209	236	-38,966	-36,530	-122,077	195,815	-728	-7,107	315,019	-306,667
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	747,500	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-747,500	0	0	0	0	0	0	0	0	0	0
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	-311,672	311,672
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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	1	2	0	0	-2	0	0	0	0	0	0	2
interest	2,852	628	78	32	0	0	49	287	681	494	5	24	34	13
cash flow from financing	2,852	628	79	34	0	0	47	287	681	494	5	24	-311,638	311,687
cash and cash equivalents
cash	-16,228	-17,112	29,051	63,287	0	0	-39,265	-36,243	-121,396	196,309	-723	-7,083	3,381	5,020
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-16,228	-17,112	29,051	63,287	0	0	-39,265	-36,243	-121,396	196,309	-723	-7,083	3,381	5,020

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORTHEN DEVELOPMENTS LIMITED group structure

Morthen Developments Limited has no subsidiary companies.

Ultimate parent company

MORTHEN DEVELOPMENTS LIMITED

05488552

MORTHEN DEVELOPMENTS LIMITED Shareholders

zoe louise metcalfe	33.33%
jeremy hobson	33.33%
jonathan michael hobson	33.33%

Morthen Developments Limited currently has 3 directors. The longest serving directors include Mr Jonathan Hobson (Apr 2020) and Mr Jeremy Hobson (Apr 2020).

officer	age	start	end	role
Mr Jonathan Hobson	53 years	Apr 2020	-	Director
Mr Jeremy Hobson	51 years	Apr 2020	-	Director
Mrs Zoe Metcalfe	47 years	Apr 2020	-	Director

P&L

March 2023

turnover

5.9k

-40%

operating profit

32.8k

gross margin

50%

+1.5%

turnover

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

Balance Sheet

March 2023

net assets

-8.8k

-0.77%

total assets

809.4k

-0.02%

cash

59k

-0.22%

net assets

Total assets minus all liabilities

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company number

05488552

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

41100 - Development of building projects

incorporation date

June 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

24-26 mansfield road, rotherham, south yorkshire, S60 2DT

last accounts submitted

March 2023

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 1 charges/mortgages relating to morthen developments limited. Currently there are 0 open charges and 1 have been satisfied in the past.

morthen developments limited Company Information

morthen developments limited Estimated Valuation

morthen developments limited Estimated Valuation

morthen developments limited Estimated Valuation

Morthen Developments Limited Overview

Morthen Developments Limited Health Check

MORTHEN DEVELOPMENTS LIMITED financials

morthen developments limited Credit Report and Business Information

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morthen developments limited Ownership

morthen developments limited directors

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morthen developments limited Charges & Mortgages

morthen developments limited Companies House Filings - See Documents