f w morgan limited
f w morgan limited Company Information
Company Number
06011477
Next Accounts
Jan 2026
Shareholders
brittons holdings limited
paul spillane
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
units 3 & 4, wharfedale road pentwyn, cardiff, CF23 7HB
Website
http://www.fwmorgan.comf w morgan limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN LIMITED at £6.2m based on a Turnover of £11.3m and 0.55x industry multiple (adjusted for size and gross margin).
f w morgan limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN LIMITED at £836k based on an EBITDA of £206.6k and a 4.05x industry multiple (adjusted for size and gross margin).
f w morgan limited Estimated Valuation
Pomanda estimates the enterprise value of F W MORGAN LIMITED at £5m based on Net Assets of £2.3m and 2.13x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
F W Morgan Limited Overview
F W Morgan Limited is a live company located in cardiff, CF23 7HB with a Companies House number of 06011477. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2006, it's largest shareholder is brittons holdings limited with a 93.8% stake. F W Morgan Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.3m with declining growth in recent years.
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F W Morgan Limited Health Check
Pomanda's financial health check has awarded F W Morgan Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £11.3m, make it larger than the average company (£4.3m)
£11.3m - F W Morgan Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (9.1%)
-7% - F W Morgan Limited
9.1% - Industry AVG
Production
with a gross margin of 22.6%, this company has a higher cost of product (37.8%)
22.6% - F W Morgan Limited
37.8% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (5.6%)
-0.7% - F W Morgan Limited
5.6% - Industry AVG
Employees
with 37 employees, this is above the industry average (25)
37 - F W Morgan Limited
25 - Industry AVG
Pay Structure
on an average salary of £28.2k, the company has a lower pay structure (£50.6k)
£28.2k - F W Morgan Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £305.4k, this is more efficient (£156.2k)
£305.4k - F W Morgan Limited
£156.2k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (38 days)
71 days - F W Morgan Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (31 days)
73 days - F W Morgan Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (30 days)
82 days - F W Morgan Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (24 weeks)
10 weeks - F W Morgan Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.7%, this is a similar level of debt than the average (60.2%)
65.7% - F W Morgan Limited
60.2% - Industry AVG
F W MORGAN LIMITED financials
F W Morgan Limited's latest turnover from April 2024 is £11.3 million and the company has net assets of £2.3 million. According to their latest financial statements, F W Morgan Limited has 37 employees and maintains cash reserves of £806 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 | 11,298,758 | 10,418,327 | 15,239,919 | 13,988,266 | 11,055,559 | 10,180,690 | 7,463,525 | 7,486,691 | 8,053,759 | 7,168,714 | 6,049,828 | ||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 8,742,717 | 7,857,633 | 11,285,139 | 10,512,660 | 8,145,887 | 7,469,189 | 5,847,179 | 4,673,511 | |||||||
| Gross Profit | 2,556,041 | 2,560,694 | 3,954,780 | 3,475,606 | 2,909,672 | 2,711,501 | 1,616,346 | 1,376,317 | |||||||
| Admin Expenses | 2,631,257 | 2,436,487 | 2,253,085 | 2,207,053 | 1,546,975 | 1,318,769 | |||||||||
| Operating Profit | -75,216 | 124,207 | 1,701,695 | 1,268,553 | 69,371 | 120,335 | 128,597 | 65,491 | 57,548 | ||||||
| Interest Payable | 99,476 | 41,602 | 35,187 | 58,739 | 34,729 | 57,535 | 52,475 | 62,019 | 62,151 | 59,224 | 36,539 | ||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -174,692 | 82,605 | 1,643,429 | 1,209,814 | 417,274 | 244,980 | 16,896 | 58,316 | 66,446 | 6,267 | 21,009 | ||||
| Tax | -77,750 | -1,898 | -303,530 | -217,087 | -8,083 | -17,636 | -10,059 | ||||||||
| Profit After Tax | -252,442 | 80,707 | 1,339,899 | 992,727 | 417,274 | 244,980 | 8,813 | 40,680 | 56,387 | 6,267 | 21,009 | ||||
| Dividends Paid | 121,000 | 151,000 | |||||||||||||
| Retained Profit | -252,442 | -40,293 | 1,188,899 | 992,727 | 417,274 | 244,980 | 8,813 | 40,680 | 56,387 | 6,267 | 21,009 | ||||
| Employee Costs | 1,043,345 | 1,011,195 | 1,013,838 | 830,263 | 854,317 | 558,169 | 574,484 | ||||||||
| Number Of Employees | 37 | 35 | 30 | 29 | 26 | 23 | 22 | 20 | |||||||
| EBITDA* | 206,601 | 370,893 | 1,887,401 | 1,326,682 | 206,450 | 238,574 | 210,212 | 148,771 | 111,588 |
* 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 | 1,230,468 | 1,172,066 | 1,147,140 | 1,111,583 | 677,641 | 323,722 | 178,172 | 249,103 | 364,029 | 317,102 | 318,268 | 237,500 | 279,095 | 330,964 | 285,305 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 61,743 | 66,488 | 16,925 | 22,325 | 29,725 | 297,230 | 297,230 | 29,725 | 45,400 | 2,300 | 2,300 | 2,300 | 1,300 | 1,300 | 1,300 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,292,211 | 1,238,554 | 1,164,065 | 1,133,908 | 707,366 | 620,952 | 475,402 | 278,828 | 409,429 | 319,402 | 320,568 | 239,800 | 280,395 | 332,264 | 286,605 |
| Stock & work in progress | 1,974,390 | 2,154,647 | 2,579,839 | 1,690,808 | 1,056,566 | 1,612,230 | 1,143,871 | 1,330,621 | 1,251,017 | 1,337,265 | 1,112,253 | 1,275,851 | 1,234,782 | 1,596,555 | 1,431,013 |
| Trade Debtors | 2,200,119 | 2,231,432 | 2,665,867 | 2,573,266 | 1,682,441 | 1,434,167 | 1,285,276 | 1,568,234 | 1,669,459 | 1,493,462 | 1,731,171 | 1,793,985 | 1,987,648 | 1,965,495 | 1,621,207 |
| Group Debtors | 5,730 | 5,730 | 5,730 | 116,594 | 112,944 | 104,372 | 110,372 | 130,000 | |||||||
| Misc Debtors | 567,657 | 493,387 | 210,756 | 133,628 | 190,586 | 208,533 | 197,005 | 180,214 | 201,217 | 243,209 | 251,502 | 182,279 | |||
| Cash | 806,040 | 1,260,542 | 1,170,817 | 1,086,012 | 203,611 | 545 | 864 | 2,840 | 355 | 355 | 22 | 46 | 276 | 75 | |
| misc current assets | |||||||||||||||
| total current assets | 5,548,206 | 6,140,008 | 6,627,279 | 5,483,714 | 3,138,934 | 3,261,205 | 2,632,746 | 3,198,503 | 3,234,992 | 3,178,663 | 3,205,320 | 3,382,161 | 3,222,706 | 3,562,050 | 3,052,295 |
| total assets | 6,840,417 | 7,378,562 | 7,791,344 | 6,617,622 | 3,846,300 | 3,882,157 | 3,108,148 | 3,477,331 | 3,644,421 | 3,498,065 | 3,525,888 | 3,621,961 | 3,503,101 | 3,894,314 | 3,338,900 |
| Bank overdraft | 37,985 | 617,387 | 427,267 | 555,453 | 462,678 | 469,217 | 463,643 | 474,229 | |||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,768,777 | 2,171,147 | 2,231,387 | 2,605,188 | 1,374,996 | 1,508,067 | 852,721 | 1,379,688 | 1,705,488 | 1,490,151 | 1,562,141 | 1,945,066 | 3,256,995 | 3,606,101 | 3,092,796 |
| Group/Directors Accounts | 223,000 | 400,000 | 302,335 | 132,335 | 192,335 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 222,898 | 205,046 | 180,923 | 119,993 | 108,233 | 56,576 | 28,712 | 52,685 | 55,861 | 28,379 | 3,448 | 1,205 | |||
| other current liabilities | 1,873,560 | 1,827,436 | 1,976,266 | 1,700,865 | 1,322,958 | 853,722 | 1,043,181 | 1,075,237 | 932,337 | 1,072,480 | 1,161,559 | 949,089 | |||
| total current liabilities | 3,865,235 | 4,203,629 | 4,611,576 | 4,826,046 | 3,146,507 | 3,168,087 | 2,544,216 | 3,063,063 | 3,156,364 | 3,060,227 | 3,190,791 | 3,369,589 | 3,256,995 | 3,606,101 | 3,092,796 |
| loans | 49,456 | 88,632 | 158,326 | ||||||||||||
| hp & lease commitments | 370,512 | 395,572 | 362,012 | 163,645 | 158,531 | 131,997 | 32,276 | 15,081 | 81,540 | 64,956 | 16,279 | ||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 42,133 | ||||||||||||||
| provisions | 260,947 | 183,196 | 181,298 | 180,372 | 36,974 | 31,945 | 6,391 | 17,407 | 33,550 | 23,443 | 10,059 | ||||
| total long term liabilities | 631,459 | 578,768 | 543,310 | 344,017 | 244,961 | 252,574 | 196,993 | 32,488 | 115,090 | 88,399 | 26,338 | 42,133 | |||
| total liabilities | 4,496,694 | 4,782,397 | 5,154,886 | 5,170,063 | 3,391,468 | 3,420,661 | 2,741,209 | 3,095,551 | 3,271,454 | 3,148,626 | 3,217,129 | 3,369,589 | 3,256,995 | 3,648,234 | 3,092,796 |
| net assets | 2,343,723 | 2,596,165 | 2,636,458 | 1,447,559 | 454,832 | 461,496 | 366,939 | 381,780 | 372,967 | 349,439 | 308,759 | 252,372 | 246,106 | 246,080 | 246,104 |
| total shareholders funds | 2,343,723 | 2,596,165 | 2,636,458 | 1,447,559 | 454,832 | 461,496 | 366,939 | 381,780 | 372,967 | 349,439 | 308,759 | 252,372 | 246,106 | 246,080 | 246,104 |
| 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 | -75,216 | 124,207 | 1,701,695 | 1,268,553 | 69,371 | 120,335 | 128,597 | 65,491 | 57,548 | ||||||
| Depreciation | 281,817 | 246,686 | 185,706 | 58,129 | 128,013 | 133,792 | 100,024 | 137,079 | 134,472 | 118,239 | 81,615 | 83,280 | 79,263 | 69,869 | 54,040 |
| Amortisation | |||||||||||||||
| Tax | -77,750 | -1,898 | -303,530 | -217,087 | -8,083 | -17,636 | -10,059 | ||||||||
| Stock | -180,257 | -425,192 | 889,031 | 634,242 | -555,664 | 468,359 | -186,750 | 79,604 | -86,248 | 225,012 | -163,598 | 41,069 | -361,773 | 165,542 | 1,431,013 |
| Debtors | 42,957 | -151,804 | 169,729 | 828,137 | 230,327 | 160,419 | -377,031 | -118,578 | 142,577 | -252,002 | -13,219 | 118,616 | 22,153 | 344,288 | 1,621,207 |
| Creditors | -402,370 | -60,240 | -373,801 | 1,230,192 | -133,071 | 655,346 | -526,967 | -325,800 | 215,337 | -71,990 | -382,925 | -1,311,929 | -349,106 | 513,305 | 3,092,796 |
| Accruals and Deferred Income | 46,124 | -148,830 | 275,401 | 377,907 | 469,236 | -189,459 | -32,056 | 142,900 | -140,143 | -89,079 | 212,470 | 949,089 | |||
| Deferred Taxes & Provisions | 77,751 | 1,898 | 926 | 143,398 | 5,029 | 25,554 | -11,016 | -16,143 | 10,107 | 13,384 | 10,059 | ||||
| Cash flow from operations | -12,344 | 738,819 | 427,637 | 1,398,713 | 38,298 | 100,243 | 216,574 | -373,754 | 152,164 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -111,201 | -142,223 | -42,687 | ||||||||||||
| Change in Investments | -4,745 | 49,563 | -5,400 | -7,400 | -267,505 | 267,505 | -15,675 | 43,100 | 1,000 | 1,300 | |||||
| cash flow from investments | 4,745 | -49,563 | 5,400 | -111,201 | -142,223 | -43,687 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -223,000 | -177,000 | 97,665 | 170,000 | -60,000 | 192,335 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -49,456 | -39,176 | -69,694 | 158,326 | |||||||||||
| Hire Purchase and Lease Commitments | -7,208 | 57,683 | 259,297 | 16,874 | 78,191 | 127,585 | -6,778 | -69,635 | 44,066 | 73,608 | 18,522 | 1,205 | |||
| other long term liabilities | -42,133 | 42,133 | |||||||||||||
| share issue | |||||||||||||||
| interest | -99,476 | -41,602 | -35,187 | -58,739 | -34,729 | -57,535 | -52,475 | -62,019 | -62,151 | -59,224 | |||||
| cash flow from financing | -106,684 | -206,919 | 47,110 | 6,344 | -359,555 | 26,527 | -122,110 | 11,589 | -43,629 | -58,020 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -454,502 | 89,725 | 84,805 | 882,401 | 203,066 | -319 | -1,976 | 2,485 | 333 | -24 | -230 | 276 | -75 | 75 | |
| overdraft | -37,985 | -579,402 | 190,120 | -128,186 | 92,775 | -6,539 | 5,574 | -10,586 | 474,229 | ||||||
| change in cash | -454,502 | 89,725 | 84,805 | 920,386 | 782,468 | -190,439 | 126,210 | -90,290 | 6,539 | -5,241 | 10,562 | -474,459 | 276 | -75 | 75 |
f w morgan limited Credit Report and Business Information
F W Morgan Limited Competitor Analysis
Perform a competitor analysis for f w morgan limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in CF23 area or any other competitors across 12 key performance metrics.
f w morgan limited Ownership
F W MORGAN LIMITED group structure
F W Morgan Limited has no subsidiary companies.
f w morgan limited directors
F W Morgan Limited currently has 5 directors. The longest serving directors include Mr Michael Britton (Jun 2007) and Mr Clive Britton (Jun 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Britton | Wales | 59 years | Jun 2007 | - | Director |
| Mr Clive Britton | 67 years | Jun 2007 | - | Director | |
| Mr Paul Spillane | 60 years | May 2018 | - | Director | |
| Mr Martin Roberts | 63 years | May 2018 | - | Director | |
| Miss Josephine Britton | United Kingdom | 37 years | Nov 2022 | - | Director |
P&L
April 2024turnover
11.3m
+8%
operating profit
-75.2k
-161%
gross margin
22.7%
-7.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
2.3m
-0.1%
total assets
6.8m
-0.07%
cash
806k
-0.36%
net assets
Total assets minus all liabilities
f w morgan limited company details
company number
06011477
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
mlm shelfco 311 limited (January 2007)
accountant
-
auditor
DHB ACCOUNTANTS LTD
address
units 3 & 4, wharfedale road pentwyn, cardiff, CF23 7HB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
f w morgan 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 5 charges/mortgages relating to f w morgan limited. Currently there are 2 open charges and 3 have been satisfied in the past.
f w morgan 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 LIMITED. This can take several minutes, an email will notify you when this has completed.
f w morgan limited Companies House Filings - See Documents
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