Moreniche Limited

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moreniche limited Company Information

Live

EstablishedSmallDeclining

Company Number

06260274

Website

http://multifiliate.com

Registered Address

1 & 2 heritage park hayes way, cannock, staffordshire, WS11 7LT

Industry

Other business support service activities n.e.c.

Telephone

01157690216

Next Accounts Due

September 2024

Group Structure

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Directors

Andrew Slack17 Years

Shareholders

slack venture capital limited 100%

moreniche limited Estimated Valuation

£314.7k

Pomanda estimates the enterprise value of MORENICHE LIMITED at £314.7k based on a Turnover of £787.3k and 0.4x industry multiple (adjusted for size and gross margin).

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Moreniche Limited is a live company located in staffordshire, WS11 7LT with a Companies House number of 06260274. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2007, it's largest shareholder is slack venture capital limited with a 100% stake. Moreniche Limited is a established, small sized company, Pomanda has estimated its turnover at £787.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Moreniche Limited a 2 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

Health Rating2out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £787.3k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (3%)

EXPORT

Moreniche Limited's latest turnover from December 2022 is estimated at £787.3 thousand and the company has net assets of -£429.4 thousand. According to their latest financial statements, Moreniche Limited has 4 employees and maintains cash reserves of £7.6 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	787,341	809,183	1,294,194	1,857,019	2,253,149	1,975,643	2,507,703	1,709,518	2,100,305	1,068,689	1,852,407	1,190,604	578,257	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	650,166	681,204	1,085,444	1,543,618	1,881,180	1,639,635	2,070,197	1,427,729	1,763,312	899,484	1,552,949	986,952	475,686	0
Gross Profit	137,175	127,978	208,750	313,401	371,969	336,007	437,506	281,790	336,994	169,204	299,458	203,652	102,571	0
Admin Expenses	205,219	525,349	353,495	281,073	440,376	204,677	358,481	229,740	358,803	178,934	357,428	33,004	-4,032	111,596
Operating Profit	-68,044	-397,371	-144,745	32,328	-68,407	131,330	79,025	52,050	-21,809	-9,730	-57,970	170,648	106,603	-111,596
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	206	89	123	1,243	1,715	2,156	756	123	262	536	1,155	1,554	1,068	390
Pre-Tax Profit	-67,838	-397,282	-144,622	33,570	-66,692	133,486	79,781	52,174	-21,547	-9,194	-56,815	172,201	107,671	-111,206
Tax	0	0	0	-6,378	0	-25,362	-15,956	-10,435	0	0	0	-44,772	-30,148	0
Profit After Tax	-67,838	-397,282	-144,622	27,192	-66,692	108,124	63,825	41,739	-21,547	-9,194	-56,815	127,429	77,523	-111,206
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-67,838	-397,282	-144,622	27,192	-66,692	108,124	63,825	41,739	-21,547	-9,194	-56,815	127,429	77,523	-111,206
Employee Costs	202,450	434,952	922,535	911,463	1,012,018	1,045,754	796,241	789,422	290,566	163,520	239,151	157,705	76,753	0
Number Of Employees	4	9	20	20	23	25	19	19	7	4	6	4	2	0
EBITDA*	-62,297	-391,470	-133,140	39,601	-60,421	139,271	83,414	56,912	-14,444	1,315	-43,646	177,042	110,339	-106,833

* 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	11,669	14,426	17,968	24,579	16,944	21,473	14,968	9,874	14,736	22,101	33,146	21,214	10,408	10,620
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,000	6,000	6,000	0	0	0	0	1	17,884	1	1	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	17,669	20,426	23,968	24,579	16,944	21,473	14,968	9,875	32,620	22,102	33,147	21,214	10,408	10,620
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	133,722	132,352	327,779	532,607	688,862	539,746	812,672	465,589	514,599	228,519	430,218	217,540	60,808	9,904
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	7,605	4,193	66,963	178,705	152,641	304,671	557,875	47,018	2,355	102,448	111,881	350,065	271,363	155,921
misc current assets	400	400	400	400	0	0	0	0	0	0	0	0	0	0
total current assets	141,727	136,945	395,142	711,712	841,503	844,417	1,370,547	512,607	516,954	330,967	542,099	567,605	332,171	165,825
total assets	159,396	157,371	419,110	736,291	858,447	865,890	1,385,515	522,482	549,574	353,069	575,246	588,819	342,579	176,445
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	555,689	477,426	330,104	552,042	702,756	642,446	772,249	473,239	543,380	325,329	538,312	495,071	376,260	287,649
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	555,689	477,426	330,104	552,042	702,756	642,446	772,249	473,239	543,380	325,329	538,312	495,071	376,260	287,649
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	30,850	38,726	50,000	0	0	0	0	0	0	0	0	0	0	0
provisions	2,217	2,741	3,246	3,867	2,501	3,562	501,508	1,310	0	0	0	0	0	0
total long term liabilities	33,067	41,467	53,246	3,867	2,501	3,562	501,508	1,310	0	0	0	0	0	0
total liabilities	588,756	518,893	383,350	555,909	705,257	646,008	1,273,757	474,549	543,380	325,329	538,312	495,071	376,260	287,649
net assets	-429,360	-361,522	35,760	180,382	153,190	219,882	111,758	47,933	6,194	27,740	36,934	93,748	-33,681	-111,204
total shareholders funds	-429,360	-361,522	35,760	180,382	153,190	219,882	111,758	47,933	6,194	27,740	36,934	93,748	-33,681	-111,204

	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	-68,044	-397,371	-144,745	32,328	-68,407	131,330	79,025	52,050	-21,809	-9,730	-57,970	170,648	106,603	-111,596
Depreciation	5,747	5,901	11,605	7,273	7,986	7,941	4,389	4,862	7,365	11,045	14,324	6,394	3,736	4,763
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-6,378	0	-25,362	-15,956	-10,435	0	0	0	-44,772	-30,148	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,370	-195,427	-204,828	-156,255	149,116	-272,926	347,083	-49,010	286,080	-201,699	212,678	156,732	50,904	9,904
Creditors	78,263	147,322	-221,938	-150,714	60,310	-129,803	299,010	-70,141	218,051	-212,983	43,241	118,811	88,611	287,649
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-524	-505	-621	1,366	-1,061	-497,946	500,198	1,310	0	0	0	0	0	0
Cash flow from operations	14,072	-49,226	-150,871	40,130	-150,288	-240,914	519,583	26,656	-82,473	-9,969	-213,083	94,349	117,898	170,912
Investing Activities
capital expenditure	-2,990	-2,359	-4,994	-14,908	-3,457	-14,446	-9,483	0	0	0	-26,256	-17,200	-3,524	-15,383
Change in Investments	0	0	6,000	0	0	0	-1	-17,883	17,883	0	1	0	0	0
cash flow from investments	-2,990	-2,359	-10,994	-14,908	-3,457	-14,446	-9,482	17,883	-17,883	0	-26,257	-17,200	-3,524	-15,383
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	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	-7,876	-11,274	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	1	0	1	0	0	2
interest	206	89	123	1,243	1,715	2,156	756	123	262	536	1,155	1,554	1,068	390
cash flow from financing	-7,670	-11,185	50,123	1,243	1,715	2,156	756	123	263	536	1,156	1,554	1,068	392
cash and cash equivalents
cash	3,412	-62,770	-111,742	26,064	-152,030	-253,204	510,857	44,663	-100,093	-9,433	-238,184	78,702	115,442	155,921
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,412	-62,770	-111,742	26,064	-152,030	-253,204	510,857	44,663	-100,093	-9,433	-238,184	78,702	115,442	155,921

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORENICHE LIMITED group structure

Moreniche Limited has 4 subsidiary companies.

Ultimate parent company

SLACK VENTURE CAPITAL LIMITED

07723067

1 parent

MORENICHE LIMITED

06260274

4 subsidiaries

LIFESPAN LABS LIMITED

12301853

JUICYLLAMA LIMITED

12303107

HEALTH NUTRITION LIMITED

12295360

BUQ LIMITED

12301612

MORENICHE LIMITED Shareholders

slack venture capital limited

100%

Moreniche Limited currently has 1 director, Mr Andrew Slack serving since May 2007.

officer	country	age	start	end	role
Mr Andrew Slack	England	41 years	May 2007	-	Director

P&L

December 2022

turnover

787.3k

-3%

operating profit

-68k

gross margin

17.5%

+10.16%

turnover

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

Balance Sheet

December 2022

net assets

-429.4k

+0.19%

total assets

159.4k

+0.01%

cash

7.6k

+0.81%

net assets

Total assets minus all liabilities

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company number

06260274

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2007

age

accounts

Unaudited Abridged

ultimate parent company

SLACK VENTURE CAPITAL LIMITED

previous names

N/A

incorporated

address

1 & 2 heritage park hayes way, cannock, staffordshire, WS11 7LT

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 2 charges/mortgages relating to moreniche limited. Currently there are 1 open charges and 1 have been satisfied in the past.

moreniche limited Company Information

moreniche limited Estimated Valuation

moreniche limited Estimated Valuation

moreniche limited Estimated Valuation

Moreniche Limited Overview

Moreniche Limited Health Check

MORENICHE LIMITED financials

moreniche limited Credit Report and Business Information

Moreniche Limited Competitor Analysis

moreniche limited Ownership

moreniche limited directors

moreniche limited company details

moreniche limited Charges & Mortgages

moreniche limited Companies House Filings - See Documents