morgan hunt group limited

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morgan hunt group limited Company Information

Share MORGAN HUNT GROUP LIMITED
Live 
EstablishedLargeLow

Company Number

06509363

Registered Address

3rd floor standon house, 21 mansell street, london, E1 8AA

Industry

Temporary employment agency activities

 

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

 

Telephone

02074198900

Next Accounts Due

December 2025

Group Structure

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Directors

Rupert Fordham16 Years

Hugh Willis10 Years

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Shareholders

nominee of harroway partnership (gp) limited as general partner of harroway limited partnership 42.8%

trustee of morgan hunt group employee benefit trust 28.8%

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morgan hunt group limited Estimated Valuation

£19.8m

Pomanda estimates the enterprise value of MORGAN HUNT GROUP LIMITED at £19.8m based on a Turnover of £48.5m and 0.41x industry multiple (adjusted for size and gross margin).

morgan hunt group limited Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of MORGAN HUNT GROUP LIMITED at £9.7m based on an EBITDA of £1.4m and a 6.82x industry multiple (adjusted for size and gross margin).

morgan hunt group limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MORGAN HUNT GROUP LIMITED at £0 based on Net Assets of £-941k and 0.46x industry multiple (adjusted for liquidity).

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Morgan Hunt Group Limited Overview

Morgan Hunt Group Limited is a live company located in london, E1 8AA with a Companies House number of 06509363. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in February 2008, it's largest shareholder is nominee of harroway partnership (gp) limited as general partner of harroway limited partnership with a 42.8% stake. Morgan Hunt Group Limited is a established, large sized company, Pomanda has estimated its turnover at £48.5m with low growth in recent years.

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Morgan Hunt Group Limited Health Check

Pomanda's financial health check has awarded Morgan Hunt Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £48.5m, make it larger than the average company (£10m)

£48.5m - Morgan Hunt Group Limited

£10m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.8%)

0% - Morgan Hunt Group Limited

6.8% - Industry AVG

production

Production

with a gross margin of 25.6%, this company has a lower cost of product (19.9%)

25.6% - Morgan Hunt Group Limited

19.9% - Industry AVG

profitability

Profitability

an operating margin of 2.8% make it as profitable than the average company (3.1%)

2.8% - Morgan Hunt Group Limited

3.1% - Industry AVG

employees

Employees

with 128 employees, this is above the industry average (43)

128 - Morgan Hunt Group Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.9k, the company has a higher pay structure (£46.5k)

£64.9k - Morgan Hunt Group Limited

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £379.1k, this is more efficient (£185.7k)

£379.1k - Morgan Hunt Group Limited

£185.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (41 days)

52 days - Morgan Hunt Group Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (4 days)

2 days - Morgan Hunt Group Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Morgan Hunt Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (10 weeks)

3 weeks - Morgan Hunt Group Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 110.9%, this is a higher level of debt than the average (64.6%)

110.9% - Morgan Hunt Group Limited

64.6% - Industry AVG

MORGAN HUNT GROUP LIMITED financials

EXPORTms excel logo

Morgan Hunt Group Limited's latest turnover from March 2024 is £48.5 million and the company has net assets of -£941 thousand. According to their latest financial statements, Morgan Hunt Group Limited has 128 employees and maintains cash reserves of £567 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover48,528,00050,467,00048,538,00048,246,00060,726,00068,918,93166,602,10977,780,67389,780,33992,791,93281,824,37267,886,88462,471,99274,061,47488,361,621
Other Income Or Grants000000000000000
Cost Of Sales36,087,00037,758,00036,649,00037,683,00046,809,00053,736,41352,714,01963,209,09571,775,77074,092,81865,225,86752,846,04448,012,51657,457,24367,958,003
Gross Profit12,441,00012,709,00011,889,00010,563,00013,917,00015,182,51813,888,09014,571,57818,004,56918,699,11416,598,50515,040,84014,459,47616,604,23120,403,618
Admin Expenses11,092,00011,368,00010,364,00010,254,00014,472,00014,449,35316,555,12517,907,83719,378,25618,940,90717,910,57116,004,59616,801,98127,359,20821,884,306
Operating Profit1,349,0001,341,0001,525,000309,000-555,000733,165-2,667,035-3,336,259-1,373,687-241,793-1,312,066-963,756-2,342,505-10,754,977-1,480,688
Interest Payable183,000264,000188,000150,000254,000248,376238,628143,047335,044241,677845,082642,552592,3391,461,6913,038,283
Interest Receivable0000000077,0920314,8768,7434,468,2804,08918,739
Pre-Tax Profit1,166,0001,077,000-513,00051,000-809,000365,875-2,905,663-3,479,306-1,631,639-483,470-1,842,272-1,597,5651,533,436-12,212,579-4,500,232
Tax12,000-255,000-313,00026,00010,000-174,924153,228302,074-164,661-493,606-290,912-252,221-250,406-106,011-502,989
Profit After Tax1,178,000822,000-826,00077,000-799,000190,951-2,752,435-3,177,232-1,796,300-977,076-2,133,184-1,849,7861,283,030-12,318,590-5,003,221
Dividends Paid00000700,000000000000
Retained Profit1,178,000822,000-826,00077,000-799,000-509,049-2,752,435-3,177,232-1,796,300-977,076-2,133,184-1,849,7861,283,030-12,318,590-5,003,221
Employee Costs8,303,0008,390,0008,360,0007,341,0009,573,0009,942,33410,290,78211,251,77684,046,57086,073,27676,213,83362,764,56957,333,57666,028,49380,044,496
Number Of Employees1281261221552072062092232492321,7731,7591,6662,0122,095
EBITDA*1,429,0001,452,0001,696,000522,000-317,0001,000,459-13,575-640,5811,154,3882,393,3341,486,8351,945,360746,892-6,395,3692,951,439

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets67,000105,000153,000453,000512,000578,010680,426897,2061,141,3571,251,313363,809452,730478,198668,591870,784
Intangible Assets01,00026,00080,000151,000145,175189,2572,534,1854,805,5306,809,5239,529,36412,599,20515,119,04618,809,63030,998,915
Investments & Other0000368,0000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets67,000106,000179,000533,0001,031,000723,185869,6833,431,3915,946,8878,060,8369,893,17313,051,93515,597,24419,478,22131,869,699
Stock & work in progress000000000000000
Trade Debtors6,977,0006,444,0007,563,0006,667,0007,986,0009,502,6408,683,3147,410,48510,486,28313,338,48911,453,0678,781,1816,878,8196,962,7999,813,417
Group Debtors000488,00000000000000
Misc Debtors1,013,0001,504,0001,219,0001,103,0001,333,0001,748,9792,605,0972,934,0602,203,4912,891,9461,256,2571,307,8002,116,0671,957,7812,319,901
Cash567,000585,0001,114,0002,428,0001,959,000567,416576,794535,6271,675,91914,952191,085608,580475,494473,0622,092,178
misc current assets000000000000000
total current assets8,557,0008,533,0009,896,00010,686,00011,278,00011,819,03511,865,20510,880,17214,365,69316,245,38712,900,40910,697,5619,470,3809,393,64214,225,496
total assets8,624,0008,639,00010,075,00011,219,00012,309,00012,542,22012,734,88814,311,56320,312,58024,306,22322,793,58223,749,49625,067,62428,871,86346,095,195
Bank overdraft000000000000000
Bank loan00000000000566,603552,897557,1985,819,439
Trade Creditors 228,000165,000252,000259,000597,000599,856815,867856,588837,3142,216,358407,367643,070944,7471,066,4671,782,138
Group/Directors Accounts000000000000000
other short term finances2,588,000412,0002,845,0002,613,0004,119,0005,293,4657,497,3734,451,2537,819,3607,607,7815,767,4395,004,5034,026,2304,163,0724,464,355
hp & lease commitments000000006,7823,1614,96624,96622,86134,99939,359
other current liabilities6,749,0007,593,0007,038,0007,694,0006,758,0006,542,0555,305,7615,635,4636,598,0767,637,3387,277,2245,978,7645,226,5024,823,1167,240,087
total current liabilities9,565,0008,170,00010,135,00010,566,00011,474,00012,435,37613,619,00110,943,30415,261,53217,464,63813,456,99612,217,90610,773,23710,644,85219,345,378
loans02,469,0002,768,0002,659,0003,000,0001,500,00001,500,0000003,948,2384,868,40653,389,64349,586,946
hp & lease commitments000000005,54903,6129,030022,86165,953
Accruals and Deferred Income000000000000000
other liabilities0119,000113,000109,00027,0000000000000
provisions000000000000000
total long term liabilities02,588,0002,881,0002,768,0003,027,0001,500,00001,500,0005,54903,6123,957,2684,868,40653,412,50449,652,899
total liabilities9,565,00010,758,00013,016,00013,334,00014,501,00013,935,37613,619,00112,443,30415,267,08117,464,63813,460,60816,175,17415,641,64364,057,35668,998,277
net assets-941,000-2,119,000-2,941,000-2,115,000-2,192,000-1,393,156-884,1131,868,2595,045,4996,841,5859,332,9747,574,3229,425,731-35,185,493-22,903,082
total shareholders funds-941,000-2,119,000-2,941,000-2,115,000-2,192,000-1,393,156-884,1131,868,2595,045,4996,841,5859,332,9747,574,3229,425,731-35,185,493-22,903,082
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,349,0001,341,0001,525,000309,000-555,000733,165-2,667,035-3,336,259-1,373,687-241,793-1,312,066-963,756-2,342,505-10,754,977-1,480,688
Depreciation79,00085,000117,000132,000133,000145,354224,657263,509258,234302,786279,060389,275402,307470,323475,590
Amortisation1,00026,00054,00081,000105,000121,9402,428,8032,432,1692,269,8412,332,3412,519,8412,519,8412,687,0903,889,2853,956,537
Tax12,000-255,000-313,00026,00010,000-174,924153,228302,074-164,661-493,606-290,912-252,221-250,406-106,011-502,989
Stock000000000000000
Debtors42,000-834,000524,000-1,061,000-1,932,619-36,792943,866-2,345,229-3,540,6613,521,1112,620,3431,094,09574,306-3,212,73812,133,318
Creditors63,000-87,000-7,000-338,000-2,856-216,011-40,72119,274-1,379,0441,808,991-235,703-301,677-121,720-715,6711,782,138
Accruals and Deferred Income-844,000555,000-656,000936,000215,9451,236,294-329,702-962,613-1,039,262360,1141,298,460752,262403,386-2,416,9717,240,087
Deferred Taxes & Provisions000000000000000
Cash flow from operations618,0002,499,000196,0002,207,0001,838,7081,882,610-1,174,6361,063,3832,112,082547,722-361,6631,049,629703,846-6,421,284-662,643
Investing Activities
capital expenditure00000-120,796-81,483-180,182-573,314-434,994-190,139-363,807-211,914-253,137-606,203
Change in Investments000-368,000368,0000000000000
cash flow from investments000368,000-368,000-120,796-81,483-180,182-573,314-434,994-190,139-363,807-211,914-253,137-606,203
Financing Activities
Bank loans0000000000-566,60313,706-4,301-5,262,2415,819,439
Group/Directors Accounts000000000000000
Other Short Term Loans 2,176,000-2,433,000232,000-1,506,000-1,174,465-2,203,9083,046,120-3,368,107211,5791,840,342762,936978,273-136,842-301,2834,464,355
Long term loans-2,469,000-299,000109,000-341,0001,500,0001,500,000-1,500,0001,500,00000-3,948,238-920,168-48,521,2373,802,69749,586,946
Hire Purchase and Lease Commitments0000000-12,3319,170-5,417-25,41811,135-34,999-47,452105,312
other long term liabilities-119,0006,0004,00082,00027,0000000000000
share issue0000156663-8214-1,514,3133,891,836-1,62343,328,19436,179-17,899,861
interest-183,000-264,000-188,000-150,000-254,000-248,376-238,628-143,047-257,952-241,677-530,206-633,8093,875,941-1,457,602-3,019,544
cash flow from financing-595,000-2,990,000157,000-1,915,00098,691-952,2781,307,555-2,023,493-36,98978,935-415,693-552,486-1,493,244-3,229,70239,056,647
cash and cash equivalents
cash-18,000-529,000-1,314,000469,0001,391,584-9,37841,167-1,140,2921,660,967-176,133-417,495133,0862,432-1,619,1162,092,178
overdraft000000000000000
change in cash-18,000-529,000-1,314,000469,0001,391,584-9,37841,167-1,140,2921,660,967-176,133-417,495133,0862,432-1,619,1162,092,178

morgan hunt group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Morgan Hunt Group Limited Competitor Analysis

BETA
competitor_analysis_table_img

Perform a competitor analysis for morgan hunt group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in E 1 area or any other competitors across 12 key performance metrics.

morgan hunt group limited Ownership

MORGAN HUNT GROUP LIMITED group structure

Morgan Hunt Group Limited has 1 subsidiary company.

Ultimate parent company

MORGAN HUNT GROUP LIMITED

06509363

1 subsidiary

MORGAN HUNT GROUP LIMITED Shareholders

nominee of harroway partnership (gp) limited as general partner of harroway limited partnership 42.79%
trustee of morgan hunt group employee benefit trust 28.81%
rupert patrick fordham 14.77%
daniel taylor 3.7%
ian victor nash 2.19%
christopher wimshurst 0.99%
frazer john thouard 0.84%
philip hall 0.84%
james brice-wallis 0.68%
gavin jones 0.68%

morgan hunt group limited directors

Morgan Hunt Group Limited currently has 3 directors. The longest serving directors include Mr Rupert Fordham (Feb 2008) and Mr Hugh Willis (Feb 2014).

officercountryagestartendrole
Mr Rupert FordhamEngland64 years Feb 2008- Director
Mr Hugh Willis64 years Feb 2014- Director
Mr Ian NashEngland68 years Apr 2016- Director

P&L

March 2024

turnover

48.5m

-4%

operating profit

1.3m

+1%

gross margin

25.7%

+1.8%

turnover

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

Balance Sheet

March 2024

net assets

-941k

-0.56%

total assets

8.6m

0%

cash

567k

-0.03%

net assets

Total assets minus all liabilities

morgan hunt group limited company details

company number

06509363

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

February 2008

age

16

incorporated

UK

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2024

address

3rd floor standon house, 21 mansell street, london, E1 8AA

accountant

-

auditor

AMANDA SETTLE

morgan hunt group 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 4 charges/mortgages relating to morgan hunt group limited. Currently there are 1 open charges and 3 have been satisfied in the past.

charges

morgan hunt group limited Companies House Filings - See Documents

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