Morgan Hall Legal Limited

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morgan hall legal limited Company Information

Live

EstablishedSmallRapid

Company Number

06540154

Website

www.morganhallsolicitors.co.uk

Registered Address

73-77 ilford hill, ilford, essex, IG1 2DG

Industry

Other personal service activities n.e.c.

Telephone

02085144448

Next Accounts Due

554 days late

Group Structure

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Directors

Altaf Bhurawala16 Years

Shareholders

mr altaf husen bhurawala 100%

morgan hall legal limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of MORGAN HALL LEGAL LIMITED at £1.5m based on a Turnover of £2.2m and 0.67x industry multiple (adjusted for size and gross margin).

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Morgan Hall Legal Limited is a live company located in essex, IG1 2DG with a Companies House number of 06540154. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2008, it's largest shareholder is mr altaf husen bhurawala with a 100% stake. Morgan Hall Legal Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Morgan Hall Legal Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2.2m, make it larger than the average company (£684.2k)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (4%)

EXPORT

Morgan Hall Legal Limited's latest turnover from July 2020 is estimated at £2.2 million and the company has net assets of £18.5 thousand. According to their latest financial statements, Morgan Hall Legal Limited has 5 employees and maintains cash reserves of £927.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Turnover	2,212,768	1,194,936	1,273,744	917,526	964,695	1,428,980	1,520,987	1,309,295	848,796	745,913	1,040,992
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,338,420	715,482	767,749	541,548	556,568	852,268	916,929	747,120	488,136	421,394	581,662
Gross Profit	874,348	479,454	505,995	375,978	408,127	576,712	604,059	562,175	360,660	324,519	459,330
Admin Expenses	877,341	479,049	485,790	389,115	412,423	587,663	601,163	575,043	344,252	309,141	430,754
Operating Profit	-2,993	405	20,205	-13,137	-4,296	-10,951	2,896	-12,868	16,408	15,378	28,576
Interest Payable	61	211	181	417	391	0	0	0	0	0	0
Interest Receivable	464	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-2,590	194	20,025	-13,554	-4,687	-10,951	2,896	-12,868	16,408	15,378	28,576
Tax	0	-37	-3,805	0	0	0	-608	0	-3,938	-3,998	-8,001
Profit After Tax	-2,590	157	16,220	-13,554	-4,687	-10,951	2,288	-12,868	12,470	11,380	20,575
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,590	157	16,220	-13,554	-4,687	-10,951	2,288	-12,868	12,470	11,380	20,575
Employee Costs	131,513	241,560	230,964	197,830	213,560	501,934	526,444	471,044	310,000	256,513	372,912
Number Of Employees	5	9	9	8	8	19	20	18	12	10	15
EBITDA*	26,353	28,589	49,489	17,191	26,830	18,088	33,031	19,119	48,885	40,280	31,175

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Tangible Assets	27,386	34,232	39,916	46,700	51,858	43,744	50,283	57,918	62,393	24,192	14,730
Intangible Assets	180,000	202,500	225,000	247,500	270,000	292,500	315,000	337,500	360,000	382,500	405,000
Investments & Other	541,720	541,720	541,720	366,720	366,720	366,720	366,720	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	749,106	778,452	806,636	660,920	688,578	702,964	732,003	395,418	422,393	406,692	419,730
Stock & work in progress	28,350	27,230	29,165	41,450	55,980	68,450	66,750	62,650	96,750	56,150	59,135
Trade Debtors	18,206	16,330	38,018	2,631	8,980	5,269	13,003	59,734	2,206	7,427	33,666
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,300	0	0	0	0	0	0	0	0	0	0
Cash	927,698	0	0	0	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	2,952
total current assets	980,554	43,560	67,183	44,081	64,960	73,719	79,753	122,384	98,956	63,577	95,753
total assets	1,729,660	822,012	873,819	705,001	753,538	776,683	811,756	517,802	521,349	470,269	515,483
Bank overdraft	0	2,003	4,240	1,314	12,019	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,564,063	673,836	726,345	569,513	574,942	753,689	777,811	486,145	476,824	438,214	494,808
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	147,057	125,043	122,261	129,421	148,270	0	0	0	0	0	0
total current liabilities	1,711,120	800,882	852,846	700,248	735,231	753,689	777,811	486,145	476,824	438,214	494,808
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,711,120	800,882	852,846	700,248	735,231	753,689	777,811	486,145	476,824	438,214	494,808
net assets	18,540	21,130	20,973	4,753	18,307	22,994	33,945	31,657	44,525	32,055	20,675
total shareholders funds	18,540	21,130	20,973	4,753	18,307	22,994	33,945	31,657	44,525	32,055	20,675

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Operating Activities
Operating Profit	-2,993	405	20,205	-13,137	-4,296	-10,951	2,896	-12,868	16,408	15,378	28,576
Depreciation	6,846	5,684	6,784	7,828	8,626	6,539	7,635	9,487	9,977	2,402	2,599
Amortisation	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	0
Tax	0	-37	-3,805	0	0	0	-608	0	-3,938	-3,998	-8,001
Stock	1,120	-1,935	-12,285	-14,530	-12,470	1,700	4,100	-34,100	40,600	-2,985	59,135
Debtors	8,176	-21,688	35,387	-6,349	3,711	-7,734	-46,731	57,528	-5,221	-26,239	33,666
Creditors	890,227	-52,509	156,832	-5,429	-178,747	-24,122	291,666	9,321	38,610	-56,594	494,808
Accruals and Deferred Income	22,014	2,782	-7,160	-18,849	148,270	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	929,298	2,448	172,254	13,792	5,112	0	366,720	5,012	48,178	8,912	425,181
Investing Activities
capital expenditure	0	0	0	-2,670	-16,740	0	0	-5,012	-48,178	-11,864	-422,329
Change in Investments	0	0	175,000	0	0	0	366,720	0	0	0	0
cash flow from investments	0	0	-175,000	-2,670	-16,740	0	-366,720	-5,012	-48,178	-11,864	-422,329
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	403	-211	-181	-417	-391	0	0	0	0	0	0
cash flow from financing	403	-211	-181	-417	-391	0	0	0	0	0	100
cash and cash equivalents
cash	927,698	0	0	0	0	0	0	0	0	0	0
overdraft	-2,003	-2,237	2,926	-10,705	12,019	0	0	0	0	0	0
change in cash	929,701	2,237	-2,926	10,705	-12,019	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORGAN HALL LEGAL LIMITED group structure

Morgan Hall Legal Limited has no subsidiary companies.

Ultimate parent company

MORGAN HALL LEGAL LIMITED

06540154

MORGAN HALL LEGAL LIMITED Shareholders

mr altaf husen bhurawala

100%

Morgan Hall Legal Limited currently has 1 director, Mr Altaf Bhurawala serving since Mar 2008.

officer	country	age	start	end	role
Mr Altaf Bhurawala	United Kingdom	60 years	Mar 2008	-	Director

P&L

July 2020

turnover

2.2m

+85%

operating profit

-3k

gross margin

39.6%

-1.52%

turnover

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

Balance Sheet

July 2020

net assets

18.5k

-0.12%

total assets

1.7m

+1.1%

cash

927.7k

net assets

Total assets minus all liabilities

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company number

06540154

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

March 2008

ultimate parent company

None

previous names

morgan hall solicitors limited (October 2021)

morgan hall limited (February 2011)

address

73-77 ilford hill, ilford, essex, IG1 2DG

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 did not find charges/mortgages relating to morgan hall legal limited.

morgan hall legal limited Company Information

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morgan hall legal limited Estimated Valuation

morgan hall legal limited Estimated Valuation

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