Howarth Morris Limited

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howarth morris limited Company Information

Live (In Liquidation)

EstablishedSmallHigh

Company Number

05979912

Next Accounts

52 days late

Industry

Temporary employment agency activities

Directors

Sean Morris

Bruce Moran

Shareholders

sean kenneth morris

bruce richard moran

Group Structure

View All

Contact

Registered Address

hope park business centre, trevor foster way, bradford, west yorkshire, BD5 8HB

Website

www.howarthmorris.co.uk

howarth morris limited Estimated Valuation

£184.8k

Pomanda estimates the enterprise value of HOWARTH MORRIS LIMITED at £184.8k based on a Turnover of £1.5m and 0.12x industry multiple (adjusted for size and gross margin).

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Howarth Morris Limited is a live company located in bradford, BD5 8HB with a Companies House number of 05979912. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in October 2006, it's largest shareholder is sean kenneth morris with a 50% stake. Howarth Morris Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded Howarth Morris Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (1.1%)

EXPORT

Howarth Morris Limited's latest turnover from December 2022 is estimated at £1.5 million and the company has net assets of £18.6 thousand. According to their latest financial statements, Howarth Morris Limited has 7 employees and maintains cash reserves of £105.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,502,287	1,702,278	1,802,040	804,848	1,270,114	493,393	616,495	713,762	1,433,703	1,398,614	1,041,657	923,158	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,345,554	1,537,239	1,624,702	720,239	1,133,839	438,478	549,314	633,043	1,265,126	1,230,338	917,058	807,888	0	0
Gross Profit	156,733	165,039	177,338	84,610	136,275	54,915	67,181	80,719	168,577	168,276	124,599	115,270	0	0
Admin Expenses	213,219	79,331	196,594	133,640	52,062	87,802	77,978	127,402	158,836	46,771	129,235	128,842	16,620	-61,876
Operating Profit	-56,486	85,708	-19,256	-49,030	84,213	-32,887	-10,797	-46,683	9,741	121,505	-4,636	-13,572	-16,620	61,876
Interest Payable	0	0	0	0	847	1,867	2,303	2,981	3,568	4,154	4,740	3,817	1,300	0
Interest Receivable	4,894	416	80	363	556	264	138	358	507	387	363	395	302	178
Pre-Tax Profit	-51,592	86,123	-19,176	-48,667	83,922	-34,489	-12,961	-49,306	6,681	117,739	-9,013	-16,994	-17,618	62,054
Tax	0	-16,363	0	0	-15,945	0	0	0	-1,403	-27,080	0	0	0	-17,375
Profit After Tax	-51,592	69,760	-19,176	-48,667	67,977	-34,489	-12,961	-49,306	5,278	90,659	-9,013	-16,994	-17,618	44,679
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-51,592	69,760	-19,176	-48,667	67,977	-34,489	-12,961	-49,306	5,278	90,659	-9,013	-16,994	-17,618	44,679
Employee Costs	358,088	325,046	391,378	508,673	454,438	448,044	487,065	79,282	115,934	117,045	75,831	74,961	0	0
Number Of Employees	7	7	9	12	11	11	12	2	3	3	2	2	0	0
EBITDA*	-54,597	87,010	-18,599	-48,223	84,746	-32,177	-9,851	-45,806	10,794	122,879	-2,879	-11,993	-14,664	62,550

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	10,771	5,704	2,122	2,421	1,598	2,131	2,841	2,720	3,429	4,191	5,273	4,737	5,867	2,021
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	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	10,771	5,704	2,122	2,421	1,598	2,131	2,841	2,720	3,429	4,191	5,273	4,737	5,867	2,021
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	211,644	232,751	225,094	37,942	149,648	60,056	99,201	156,271	214,492	186,364	148,822	107,104	0	24,761
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	113,132	0	16,217	14,487	4,149	0	0	0	0	83,400	0
Cash	105,535	174,122	158,279	1,879	94,889	53,497	52,289	58,477	84,807	118,136	36,847	108,330	49,531	71,181
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	317,179	406,873	383,373	152,953	244,537	129,770	165,977	218,897	299,299	304,500	185,669	215,434	132,931	95,942
total assets	327,950	412,577	385,495	155,374	246,135	131,901	168,818	221,617	302,728	308,691	190,942	220,171	138,798	97,963
Bank overdraft	0	0	0	0	0	9,022	9,022	9,022	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	9,022	9,022	9,022	9,022	0	0
Trade Creditors	234,228	235,703	250,843	135,269	172,288	32,842	32,287	23,309	154,578	156,645	120,316	132,563	0	53,184
Group/Directors Accounts	0	0	0	0	0	486	486	7,455	0	0	0	0	0	0
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	0	0	0	0	0	72,768	68,740	101,565	0	0	0	0	71,637	0
total current liabilities	234,228	235,703	250,843	135,269	172,288	115,118	110,535	141,351	163,600	165,667	129,338	141,585	71,637	53,184
loans	0	0	0	0	0	16,086	23,308	32,330	41,352	50,374	59,396	68,419	40,000	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	72,500	105,219	133,780	0	5,263	0	0	0	0	0	0	0	0	0
provisions	2,585	1,426	403	460	272	362	151	151	685	837	1,054	0	0	0
total long term liabilities	75,085	106,645	134,183	460	5,535	16,448	23,459	32,481	42,037	51,211	60,450	68,419	40,000	0
total liabilities	309,313	342,348	385,026	135,729	177,823	131,566	133,994	173,832	205,637	216,878	189,788	210,004	111,637	53,184
net assets	18,637	70,229	469	19,645	68,312	335	34,824	47,785	97,091	91,813	1,154	10,167	27,161	44,779
total shareholders funds	18,637	70,229	469	19,645	68,312	335	34,824	47,785	97,091	91,813	1,154	10,167	27,161	44,779

	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	-56,486	85,708	-19,256	-49,030	84,213	-32,887	-10,797	-46,683	9,741	121,505	-4,636	-13,572	-16,620	61,876
Depreciation	1,889	1,302	657	807	533	710	946	877	1,053	1,374	1,757	1,579	1,956	674
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-16,363	0	0	-15,945	0	0	0	-1,403	-27,080	0	0	0	-17,375
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-21,107	7,657	74,020	1,426	73,375	-37,415	-46,732	-54,072	28,128	37,542	41,718	23,704	58,639	24,761
Creditors	-1,475	-15,140	115,574	-37,019	139,446	555	8,978	-131,269	-2,067	36,329	-12,247	132,563	-53,184	53,184
Accruals and Deferred Income	0	0	0	0	-72,768	4,028	-32,825	101,565	0	0	0	-71,637	71,637	0
Deferred Taxes & Provisions	1,159	1,023	-57	188	-90	211	0	-534	-152	-217	1,054	0	0	0
Cash flow from operations	-33,806	48,873	22,898	-86,480	62,014	10,032	13,034	-21,972	-20,956	94,369	-55,790	25,229	-54,850	73,598
Investing Activities
capital expenditure	-6,956	-4,884	-358	-1,630	0	0	-1,067	-168	-291	-292	-2,293	-449	-5,802	-2,695
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,956	-4,884	-358	-1,630	0	0	-1,067	-168	-291	-292	-2,293	-449	-5,802	-2,695
Financing Activities
Bank loans	0	0	0	0	0	0	0	-9,022	0	0	0	9,022	0	0
Group/Directors Accounts	0	0	0	0	-486	0	-6,969	7,455	0	0	0	0	0	0
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	-16,086	-7,222	-9,022	-9,022	-9,022	-9,022	-9,023	28,419	40,000	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-32,719	-28,561	133,780	-5,263	5,263	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	4,894	416	80	363	-291	-1,603	-2,165	-2,623	-3,061	-3,767	-4,377	-3,422	-998	178
cash flow from financing	-27,825	-28,145	133,860	-4,900	-11,600	-8,825	-18,156	-13,212	-12,083	-12,789	-13,400	34,019	39,002	278
cash and cash equivalents
cash	-68,587	15,843	156,400	-93,010	41,392	1,208	-6,188	-26,330	-33,329	81,289	-71,483	58,799	-21,650	71,181
overdraft	0	0	0	0	-9,022	0	0	9,022	0	0	0	0	0	0
change in cash	-68,587	15,843	156,400	-93,010	50,414	1,208	-6,188	-35,352	-33,329	81,289	-71,483	58,799	-21,650	71,181

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOWARTH MORRIS LIMITED group structure

Howarth Morris Limited has no subsidiary companies.

Ultimate parent company

HOWARTH MORRIS LIMITED

05979912

HOWARTH MORRIS LIMITED Shareholders

sean kenneth morris	50%
bruce richard moran	50%

Howarth Morris Limited currently has 2 directors. The longest serving directors include Mr Sean Morris (Oct 2006) and Mr Bruce Moran (Dec 2018).

officer	country	age	start	end	role
Mr Sean Morris	England	51 years	Oct 2006	-	Director
Mr Bruce Moran	England	44 years	Dec 2018	-	Director

P&L

December 2022

turnover

1.5m

-12%

operating profit

-56.5k

gross margin

10.5%

+7.61%

turnover

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

Balance Sheet

December 2022

net assets

18.6k

-0.73%

total assets

328k

-0.21%

cash

105.5k

-0.39%

net assets

Total assets minus all liabilities

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company number

05979912

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

October 2006

ultimate parent company

None

previous names

N/A

address

hope park business centre, trevor foster way, bradford, west yorkshire, BD5 8HB

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 howarth morris limited. Currently there are 1 open charges and 0 have been satisfied in the past.

howarth morris limited Company Information

howarth morris limited Estimated Valuation

howarth morris limited Estimated Valuation

howarth morris limited Estimated Valuation

Howarth Morris Limited Overview

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HOWARTH MORRIS LIMITED financials

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howarth morris limited Ownership

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