Morley Skips Ltd

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morley skips ltd Company Information

Live

EstablishedSmallHigh

Company Number

05998399

Website

www.morleyskips.co.uk

Registered Address

woodcote park farm, tolleshunt knights, maldon, essex, CM9 8HB

Industry

Treatment and disposal of non-hazardous waste

Collection of hazardous waste

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Telephone

01621815287

Next Accounts Due

September 2024

Group Structure

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Directors

Clive Morley17 Years

James Morley7 Years

Shareholders

clive peter morley 83.3%

james peter morley 8.3%

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morley skips ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of MORLEY SKIPS LTD at £1m based on a Turnover of £1.5m and 0.67x industry multiple (adjusted for size and gross margin).

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Morley Skips Ltd is a live company located in maldon, CM9 8HB with a Companies House number of 05998399. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in November 2006, it's largest shareholder is clive peter morley with a 83.3% stake. Morley Skips Ltd 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 Morley Skips Ltd a 2 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 Rating2out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.9%)

EXPORT

Morley Skips Ltd's latest turnover from December 2022 is estimated at £1.5 million and the company has net assets of £37.7 thousand. According to their latest financial statements, Morley Skips Ltd has 15 employees and maintains cash reserves of £38.9 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	1,537,439	1,266,105	1,067,025	902,342	834,845	480,631	400,717	330,242	429,902	359,400	318,933	428,862	269,846	224,464
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,122,581	920,139	798,725	692,162	644,643	364,631	305,316	258,493	334,265	269,129	225,176	312,260	194,881	136,975
Gross Profit	414,858	345,967	268,300	210,180	190,202	116,000	95,401	71,749	95,636	90,271	93,758	116,602	74,965	87,489
Admin Expenses	432,177	380,750	191,262	235,722	142,667	141,399	75,103	74,376	86,428	96,457	66,463	77,014	61,464	49,874
Operating Profit	-17,319	-34,783	77,038	-25,542	47,535	-25,399	20,298	-2,627	9,208	-6,186	27,295	39,588	13,501	37,615
Interest Payable	21,872	14,767	9,736	3,862	0	0	0	0	0	0	0	0	0	1,126
Interest Receivable	1,386	175	59	157	138	123	54	59	73	60	77	67	38	22
Pre-Tax Profit	-37,806	-49,375	67,362	-29,247	47,673	-25,276	20,353	-2,568	9,281	-6,126	27,371	39,654	13,539	36,678
Tax	0	0	-12,799	0	-9,058	0	-4,070	0	-1,949	0	-6,569	-10,310	-3,791	-8,385
Profit After Tax	-37,806	-49,375	54,563	-29,247	38,615	-25,276	16,282	-2,568	7,332	-6,126	20,802	29,344	9,748	28,293
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	25,000
Retained Profit	-37,806	-49,375	54,563	-29,247	38,615	-25,276	16,282	-2,568	7,332	-6,126	20,802	29,344	9,748	3,293
Employee Costs	596,546	557,885	516,809	354,897	352,133	139,795	101,332	100,474	132,101	92,040	94,958	91,298	60,228	0
Number Of Employees	15	15	14	10	10	4	3	3	4	3	3	3	2	0
EBITDA*	128,467	99,446	182,138	54,790	123,182	45,555	86,103	50,503	56,883	42,456	70,261	72,432	44,869	55,138

* 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	801,603	626,507	512,861	414,677	302,400	271,680	251,246	200,481	178,726	183,500	159,875	131,406	113,455	70,070
Intangible Assets	0	0	0	0	0	0	3,000	6,000	9,000	12,000	15,000	18,000	21,000	24,000
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	801,603	626,507	512,861	414,677	302,400	271,680	254,246	206,481	187,726	195,500	174,875	149,406	134,455	94,070
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	103,248	129,655	114,053	80,263	65,025	66,372	58,048	46,066	40,141	33,863	34,638	34,873	25,907	24,973
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,731	25,677	37,268	67,428	21,849	8,135	16,866	8,209	0	0	0	0	0	0
Cash	38,904	40,278	99,810	18,731	23,063	13,664	35,419	8,150	15,539	13,689	10,253	20,347	6,269	8,980
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	163,883	195,610	251,131	166,422	109,937	88,171	110,333	62,425	55,680	47,552	44,891	55,220	32,176	33,953
total assets	965,486	822,117	763,992	581,099	412,337	359,851	364,579	268,906	243,406	243,052	219,766	204,626	166,631	128,023
Bank overdraft	74,566	74,566	22,166	22,166	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	202,790	83,417	53,694	77,478	65,009	53,833	51,026	46,642	100,983	99,873	84,107	105,409	66,326	76,872
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	166,558	124,411	113,912	122,973	123,273	109,284	79,152	65,765	0	0	0	0	0	0
total current liabilities	443,914	282,394	189,772	222,617	188,282	163,117	130,178	112,407	100,983	99,873	84,107	105,409	66,326	76,872
loans	118,142	193,197	182,606	92,261	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	242,825	173,533	183,526	131,026	66,989	84,119	98,393	56,524	46,440	57,283	48,172	32,342	70,719	30,637
provisions	122,860	97,442	83,162	64,832	57,456	51,620	49,796	30,045	23,485	20,730	16,195	16,385	8,440	9,116
total long term liabilities	483,827	464,172	449,294	288,119	124,445	135,739	148,189	86,569	69,925	78,013	64,367	48,727	79,159	39,753
total liabilities	927,741	746,566	639,066	510,736	312,727	298,856	278,367	198,976	170,908	177,886	148,474	154,136	145,485	116,625
net assets	37,745	75,551	124,926	70,363	99,610	60,995	86,212	69,930	72,498	65,166	71,292	50,490	21,146	11,398
total shareholders funds	37,745	75,551	124,926	70,363	99,610	60,995	86,212	69,930	72,498	65,166	71,292	50,490	21,146	11,398

	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	-17,319	-34,783	77,038	-25,542	47,535	-25,399	20,298	-2,627	9,208	-6,186	27,295	39,588	13,501	37,615
Depreciation	145,786	134,229	105,100	80,332	75,647	67,954	62,805	50,130	44,675	45,642	39,966	32,844	28,368	17,523
Amortisation	0	0	0	0	0	3,000	3,000	3,000	3,000	3,000	3,000	0	3,000	0
Tax	0	0	-12,799	0	-9,058	0	-4,070	0	-1,949	0	-6,569	-10,310	-3,791	-8,385
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-30,353	4,011	3,630	60,817	12,367	-407	20,639	14,134	6,278	-775	-235	8,966	934	24,973
Creditors	119,373	29,723	-23,784	12,469	11,176	2,807	4,384	-54,341	1,110	15,766	-21,302	39,083	-10,546	76,872
Accruals and Deferred Income	42,147	10,499	-9,061	-300	13,989	30,132	13,387	65,765	0	0	0	0	0	0
Deferred Taxes & Provisions	25,418	14,280	18,330	7,376	5,836	1,824	19,751	6,560	2,755	4,535	-190	7,945	-676	9,116
Cash flow from operations	345,758	149,937	151,194	13,518	132,758	80,725	98,916	54,353	52,521	63,532	42,435	100,184	28,922	107,768
Investing Activities
capital expenditure	-320,882	-247,875	-203,284	-192,609	-106,367	-88,388	-113,570	-71,885	-39,901	-69,267	-68,435	-47,795	-71,753	-111,593
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-320,882	-247,875	-203,284	-192,609	-106,367	-88,388	-113,570	-71,885	-39,901	-69,267	-68,435	-47,795	-71,753	-111,593
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	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-75,055	10,591	90,345	92,261	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	69,292	-9,993	52,500	64,037	-17,130	-14,274	41,869	10,084	-10,843	9,111	15,830	-38,377	40,082	30,637
share issue	0	0	0	0	0	59	0	0	0	0	0	0	0	8,105
interest	-20,486	-14,592	-9,677	-3,705	138	123	54	59	73	60	77	67	38	-1,104
cash flow from financing	-26,249	-13,994	133,168	152,593	-16,992	-14,092	41,923	10,143	-10,770	9,171	15,907	-38,310	40,120	37,638
cash and cash equivalents
cash	-1,374	-59,532	81,079	-4,332	9,399	-21,755	27,269	-7,389	1,850	3,436	-10,094	14,078	-2,711	8,980
overdraft	0	52,400	0	22,166	0	0	0	0	0	0	0	0	0	0
change in cash	-1,374	-111,932	81,079	-26,498	9,399	-21,755	27,269	-7,389	1,850	3,436	-10,094	14,078	-2,711	8,980

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORLEY SKIPS LTD group structure

Morley Skips Ltd has no subsidiary companies.

Ultimate parent company

MORLEY SKIPS LTD

05998399

MORLEY SKIPS LTD Shareholders

clive peter morley	83.33%
james peter morley	8.33%
carole joan morley	8.33%

Morley Skips Ltd currently has 2 directors. The longest serving directors include Mr Clive Morley (Nov 2006) and Mr James Morley (Nov 2016).

officer	country	age	start	end	role
Mr Clive Morley		64 years	Nov 2006	-	Director
Mr James Morley		38 years	Nov 2016	-	Director

P&L

December 2022

turnover

1.5m

+21%

operating profit

-17.3k

gross margin

27%

-1.25%

turnover

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

Balance Sheet

December 2022

net assets

37.7k

-0.5%

total assets

965.5k

+0.17%

cash

38.9k

-0.03%

net assets

Total assets minus all liabilities

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company number

05998399

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

38120 - Collection of hazardous waste

38110 - Collection of non-hazardous waste

incorporation date

November 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

woodcote park farm, tolleshunt knights, maldon, essex, CM9 8HB

last accounts submitted

December 2022

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 morley skips ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

morley skips ltd Company Information

morley skips ltd Estimated Valuation

morley skips ltd Estimated Valuation

morley skips ltd Estimated Valuation

Morley Skips Ltd Overview

Morley Skips Ltd Health Check

MORLEY SKIPS LTD financials

morley skips ltd Credit Report and Business Information

Morley Skips Ltd Competitor Analysis

morley skips ltd Ownership

morley skips ltd directors

morley skips ltd company details

morley skips ltd Charges & Mortgages

morley skips ltd Companies House Filings - See Documents