f w morgan (tbs) limited
f w morgan (tbs) limited Company Information
Company Number
05597710
Next Accounts
Jan 2026
Shareholders
brittons holdings limited
john herrmann
View AllGroup Structure
View All
Industry
Wholesale of wood, construction materials and sanitary equipment
Registered Address
unit 4 wharfedale road, pentwyn, cardiff, CF23 7HB
Website
www.cardiffjag.co.ukf w morgan (tbs) limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN (TBS) LIMITED at £757k based on a Turnover of £1.8m and 0.43x industry multiple (adjusted for size and gross margin).
f w morgan (tbs) limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN (TBS) LIMITED at £234.4k based on an EBITDA of £55.3k and a 4.24x industry multiple (adjusted for size and gross margin).
f w morgan (tbs) limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN (TBS) LIMITED at £2.8k based on Net Assets of £1.4k and 2.03x industry multiple (adjusted for liquidity).
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F W Morgan (tbs) Limited Overview
F W Morgan (tbs) Limited is a live company located in cardiff, CF23 7HB with a Companies House number of 05597710. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in October 2005, it's largest shareholder is brittons holdings limited with a 100% stake. F W Morgan (tbs) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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F W Morgan (tbs) Limited Health Check
Pomanda's financial health check has awarded F W Morgan (Tbs) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£18.1m)
£1.8m - F W Morgan (tbs) Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (9.2%)
- F W Morgan (tbs) Limited
9.2% - Industry AVG
Production
with a gross margin of 29%, this company has a comparable cost of product (24.7%)
29% - F W Morgan (tbs) Limited
24.7% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (3.9%)
3% - F W Morgan (tbs) Limited
3.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (34)
6 - F W Morgan (tbs) Limited
34 - Industry AVG
Pay Structure
on an average salary of £43.9k, the company has an equivalent pay structure (£43.9k)
- F W Morgan (tbs) Limited
£43.9k - Industry AVG
Efficiency
resulting in sales per employee of £296k, this is less efficient (£390.2k)
£296k - F W Morgan (tbs) Limited
£390.2k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (48 days)
64 days - F W Morgan (tbs) Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 130 days, this is slower than average (38 days)
130 days - F W Morgan (tbs) Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 77 days, this is more than average (62 days)
77 days - F W Morgan (tbs) Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - F W Morgan (tbs) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (43.6%)
99.9% - F W Morgan (tbs) Limited
43.6% - Industry AVG
F W MORGAN (TBS) LIMITED financials
F W Morgan (Tbs) Limited's latest turnover from April 2024 is £1.8 million and the company has net assets of £1.4 thousand. According to their latest financial statements, F W Morgan (Tbs) Limited has 6 employees and maintains cash reserves of £9.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,776,289 | 737,657 | 354,288 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,261,319 | 513,796 | 133,399 | ||||||||||||
| Gross Profit | 514,970 | 223,861 | 220,889 | ||||||||||||
| Admin Expenses | 462,471 | 223,596 | 208,085 | ||||||||||||
| Operating Profit | 52,499 | 265 | 12,804 | ||||||||||||
| Interest Payable | 7,168 | 886 | 4,271 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 45,331 | -621 | 8,533 | ||||||||||||
| Tax | -48,178 | ||||||||||||||
| Profit After Tax | -2,847 | -621 | 8,533 | ||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -2,847 | -621 | 8,533 | ||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 6 | 3 | 3 | 5 | 4 | 4 | 4 | ||||||||
| EBITDA* | 55,315 | 21,770 | 71,063 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 301,640 | 252,409 | 5,241 | 22,004 | 15,962 | 22,553 | 55,596 | 68,585 | 63,066 | 52,563 | 58,383 | 83,845 | 66,292 | 104,883 | 155,306 |
| Intangible Assets | 2,083 | 7,583 | |||||||||||||
| Investments & Other | 100,712 | ||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 301,640 | 252,409 | 5,241 | 22,004 | 15,962 | 22,553 | 55,596 | 68,585 | 63,066 | 153,275 | 58,383 | 83,845 | 66,292 | 106,966 | 162,889 |
| Stock & work in progress | 266,871 | 260,757 | 32,461 | 76,335 | 41,638 | 50,704 | 57,443 | 53,938 | 29,955 | 29,793 | 18,050 | 26,171 | 21,451 | 31,657 | |
| Trade Debtors | 311,837 | 335,673 | 18,080 | 14,014 | 21,898 | 12,830 | 9,289 | 25,767 | 21,337 | 41,778 | 33,401 | 26,430 | 20,121 | 22,969 | 19,154 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 108,785 | 45,111 | 4,411 | 10,661 | 31,191 | 19,618 | 6,500 | ||||||||
| Cash | 9,380 | 4,141 | 16,723 | ||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 696,873 | 641,541 | 26,632 | 73,859 | 129,424 | 74,086 | 66,493 | 83,210 | 75,275 | 71,733 | 63,194 | 44,480 | 46,292 | 44,420 | 50,811 |
| total assets | 998,513 | 893,950 | 31,873 | 95,863 | 145,386 | 96,639 | 122,089 | 151,795 | 138,341 | 225,008 | 121,577 | 128,325 | 112,584 | 151,386 | 213,700 |
| Bank overdraft | 171,711 | 89,950 | 56,562 | 56,227 | 51,699 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 450,764 | 419,211 | 16,638 | 17,579 | 11,252 | 31,767 | 110,932 | 115,588 | 110,109 | 102,266 | 109,731 | 112,380 | 149,041 | 202,544 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 8,189 | 8,189 | 17,310 | ||||||||||||
| other current liabilities | 10,684 | 15,057 | 27,044 | 16,894 | 8,990 | 12,393 | 5,942 | ||||||||
| total current liabilities | 641,348 | 532,407 | 27,044 | 33,532 | 83,131 | 79,872 | 106,718 | 110,932 | 115,588 | 110,109 | 102,266 | 109,731 | 112,380 | 149,041 | 202,544 |
| loans | 305,733 | 345,733 | 105,000 | 125,064 | 84,400 | 64,400 | |||||||||
| hp & lease commitments | 1,893 | 11,602 | 12,981 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 104,350 | 90,262 | 171,216 | 74,996 | 77,452 | 63,944 | 63,944 | 69,140 | |||||||
| provisions | 48,178 | ||||||||||||||
| total long term liabilities | 355,804 | 357,335 | 105,000 | 125,064 | 84,400 | 77,381 | 104,350 | 90,262 | 171,216 | 74,996 | 77,452 | 63,944 | 63,944 | 69,140 | |
| total liabilities | 997,152 | 889,742 | 27,044 | 138,532 | 208,195 | 164,272 | 184,099 | 215,282 | 205,850 | 281,325 | 177,262 | 187,183 | 176,324 | 212,985 | 271,684 |
| net assets | 1,361 | 4,208 | 4,829 | -42,669 | -62,809 | -67,633 | -62,010 | -63,487 | -67,509 | -56,317 | -55,685 | -58,858 | -63,740 | -61,599 | -57,984 |
| total shareholders funds | 1,361 | 4,208 | 4,829 | -42,669 | -62,809 | -67,633 | -62,010 | -63,487 | -67,509 | -56,317 | -55,685 | -58,858 | -63,740 | -61,599 | -57,984 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 52,499 | 265 | 12,804 | ||||||||||||
| Depreciation | 2,816 | 21,505 | 6,173 | 10,854 | 12,826 | 14,792 | 23,081 | 16,497 | 20,413 | 26,412 | 34,712 | 47,592 | 58,121 | 52,259 | |
| Amortisation | 2,083 | 5,500 | 6,000 | ||||||||||||
| Tax | -48,178 | ||||||||||||||
| Stock | 6,114 | 260,757 | -32,461 | -43,874 | 34,697 | -9,066 | -6,739 | 3,505 | 23,983 | 162 | 11,743 | -8,121 | 4,720 | -10,206 | 31,657 |
| Debtors | 39,838 | 358,293 | -2,184 | -28,414 | 20,641 | 16,659 | -9,978 | 4,430 | -20,441 | 8,377 | 6,971 | 6,309 | -2,848 | 3,815 | 19,154 |
| Creditors | 31,553 | 419,211 | -16,638 | -941 | 6,327 | -20,515 | -79,165 | -4,656 | 5,479 | 7,843 | -7,465 | -2,649 | -36,661 | -53,503 | 202,544 |
| Accruals and Deferred Income | -4,373 | -11,987 | 10,150 | 7,904 | -3,403 | 6,451 | 5,942 | ||||||||
| Deferred Taxes & Provisions | 48,178 | ||||||||||||||
| Cash flow from operations | 36,543 | -190,056 | 222,796 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -100,712 | 100,712 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -40,000 | 345,733 | -105,000 | -20,064 | 40,664 | 20,000 | 64,400 | ||||||||
| Hire Purchase and Lease Commitments | -9,709 | 19,791 | -30,291 | 30,291 | |||||||||||
| other long term liabilities | -104,350 | 14,088 | -80,954 | 96,220 | -2,456 | 13,508 | -5,196 | 69,140 | |||||||
| share issue | |||||||||||||||
| interest | -7,168 | -886 | |||||||||||||
| cash flow from financing | -56,877 | 364,638 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 9,380 | -4,141 | -12,582 | 16,723 | |||||||||||
| overdraft | 81,761 | 89,950 | -56,562 | 335 | 4,528 | 51,699 | |||||||||
| change in cash | -72,381 | -94,091 | -12,582 | 73,285 | -335 | -4,528 | -51,699 |
f w morgan (tbs) limited Credit Report and Business Information
F W Morgan (tbs) Limited Competitor Analysis
Perform a competitor analysis for f w morgan (tbs) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CF23 area or any other competitors across 12 key performance metrics.
f w morgan (tbs) limited Ownership
F W MORGAN (TBS) LIMITED group structure
F W Morgan (Tbs) Limited has no subsidiary companies.
f w morgan (tbs) limited directors
F W Morgan (Tbs) Limited currently has 4 directors. The longest serving directors include Mr Michael Britton (Oct 2005) and Mr Clive Britton (Oct 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Britton | Wales | 59 years | Oct 2005 | - | Director |
| Mr Clive Britton | 67 years | Oct 2005 | - | Director | |
| Mr John Herrmann | Wales | 37 years | Apr 2022 | - | Director |
| Mr Paul Spillane | Wales | 61 years | Aug 2022 | - | Director |
P&L
April 2024turnover
1.8m
+141%
operating profit
52.5k
+19711%
gross margin
29%
-4.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
1.4k
-0.68%
total assets
998.5k
+0.12%
cash
9.4k
0%
net assets
Total assets minus all liabilities
f w morgan (tbs) limited company details
company number
05597710
Type
Private limited with Share Capital
industry
46730 - Wholesale of wood, construction materials and sanitary equipment
incorporation date
October 2005
age
20
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2024
previous names
alliance cars cardiff limited (June 2022)
cardiff jag & performance limited (January 2007)
accountant
-
auditor
DHB ACCOUNTANTS LIMITED
address
unit 4 wharfedale road, pentwyn, cardiff, CF23 7HB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
f w morgan (tbs) 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 1 charges/mortgages relating to f w morgan (tbs) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
f w morgan (tbs) 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 F W MORGAN (TBS) LIMITED. This can take several minutes, an email will notify you when this has completed.
f w morgan (tbs) limited Companies House Filings - See Documents
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