Morton & Jones Limited

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morton & jones limited Company Information

Live

EstablishedMidHealthy

Company Number

06572110

Website

www.mortonandjones.com

Registered Address

25 grosvenor road, wrexham, north wales, LL11 1BT

Industry

Construction of utility projects for electricity and telecommunications

Telephone

01978358003

Next Accounts Due

December 2024

Group Structure

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Directors

Kenneth Morton16 Years

John Jones16 Years

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Shareholders

morton & jones holdings limited 100%

morton & jones limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of MORTON & JONES LIMITED at £5.7m based on an EBITDA of £1.3m and a 4.19x industry multiple (adjusted for size and gross margin).

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Morton & Jones Limited is a live company located in north wales, LL11 1BT with a Companies House number of 06572110. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in April 2008, it's largest shareholder is morton & jones holdings limited with a 100% stake. Morton & Jones Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Morton & Jones Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £8.1m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (15.1%)

EXPORT

Morton & Jones Limited's latest turnover from March 2023 is estimated at £8.1 million and the company has net assets of £2.7 million. According to their latest financial statements, Morton & Jones Limited has 58 employees and maintains cash reserves of £780.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	8,053,010	7,171,728	8,457,000	6,341,956	5,327,091	4,997,098	6,145,028	3,079,298	3,526,230	5,783,977	6,188,713	2,694,204	2,111,491	3,006,097
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,822,382	5,318,203	6,599,247	4,800,313	3,723,818	3,528,903	4,611,969	2,447,353	2,851,114	4,694,765	4,891,143	1,948,368	1,530,768	2,717,561
Gross Profit	2,230,627	1,853,525	1,857,752	1,541,643	1,603,273	1,468,195	1,533,059	631,945	675,116	1,089,212	1,297,570	745,836	580,723	288,536
Admin Expenses	1,148,456	2,329,014	1,170,791	2,944,372	956,967	1,223,648	1,010,116	-428,950	293,232	557,046	1,206,733	508,554	485,981	256,546
Operating Profit	1,082,171	-475,489	686,961	-1,402,729	646,306	244,547	522,943	1,060,895	381,884	532,166	90,837	237,282	94,742	31,990
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,543	8,765	1,178	1,423	12,308	6,250	2,388	3,186	2,612	2,589	2,150	1,834	1,224	387
Pre-Tax Profit	1,118,714	-466,724	688,138	-1,401,306	658,614	250,796	525,331	1,064,081	384,496	534,755	92,987	239,116	95,967	32,378
Tax	-212,556	0	-130,746	0	-125,137	-47,651	-105,066	-212,816	-80,744	-122,994	-22,317	-62,170	-26,871	-9,066
Profit After Tax	906,158	-466,724	557,392	-1,401,306	533,477	203,145	420,265	851,265	303,752	411,761	70,670	176,946	69,096	23,312
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	906,158	-466,724	557,392	-1,401,306	533,477	203,145	420,265	851,265	303,752	411,761	70,670	176,946	69,096	23,312
Employee Costs	3,089,504	3,514,591	3,590,155	3,157,015	2,542,052	2,482,614	3,184,473	490,274	702,763	1,475,466	1,545,559	706,772	570,550	807,032
Number Of Employees	58	62	64	58	48	56	58	10	14	32	36	18	14	18
EBITDA*	1,348,138	-290,532	742,728	-1,358,772	772,394	334,977	551,139	1,150,832	462,841	606,042	159,757	321,660	167,563	106,745

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,066,250	781,574	645,235	517,820	523,827	349,557	312,785	307,171	195,958	206,144	166,413	153,139	174,475	203,014
Intangible Assets	131,250	156,250	181,250	206,250	231,250	256,250	281,250	306,250	331,250	356,250	381,250	406,250	431,250	456,250
Investments & Other	0	0	0	0	0	0	20,632	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	1,197,500	937,824	826,485	724,070	755,077	605,807	614,667	613,421	527,208	562,394	547,663	559,389	605,725	659,264
Stock & work in progress	539,145	186,291	197,701	207,646	116,295	90,697	176,271	183,985	133,489	170,778	208,040	191,096	172,875	159,789
Trade Debtors	690,174	465,482	554,713	235,506	405,621	458,707	470,386	539,760	417,501	665,584	305,622	366,594	234,783	218,342
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	308,457	24,740	7,848	172,288	488,472	664,427	664,110	503,396	0	0	0	0	0	0
Cash	780,395	939,262	1,397,991	957,560	1,888,741	1,393,346	1,106,460	803,958	470,404	574,414	461,144	398,930	334,860	154,929
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,318,171	1,615,775	2,158,253	1,573,000	2,899,129	2,607,177	2,417,227	2,031,099	1,021,394	1,410,776	974,806	956,620	742,518	533,060
total assets	3,515,671	2,553,599	2,984,738	2,297,070	3,654,206	3,212,984	3,031,894	2,644,520	1,548,602	1,973,170	1,522,469	1,516,009	1,348,243	1,192,324
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	272,312	285,182	295,950	178,738	236,465	103,541	208,909	268,142	474,389	1,199,583	1,170,993	330,485	310,645	214,241
Group/Directors Accounts	0	0	0	0	12,458	309,934	9,161	62,713	0	0	0	905,834	932,025	938,962
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	424,911	410,276	391,926	396,219	282,925	234,232	457,224	375,824	0	0	0	0	0	0
total current liabilities	697,223	695,458	687,876	574,957	531,848	647,707	675,294	706,679	474,389	1,199,583	1,170,993	1,236,319	1,242,670	1,153,203
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	159,139	104,990	76,987	59,630	58,569	34,965	29,433	30,939	18,576	21,702	11,352	10,236	13,065	15,709
total long term liabilities	159,139	104,990	76,987	59,630	58,569	34,965	29,433	30,939	18,576	21,702	11,352	10,236	13,065	15,709
total liabilities	856,362	800,448	764,863	634,587	590,417	682,672	704,727	737,618	492,965	1,221,285	1,182,345	1,246,555	1,255,735	1,168,912
net assets	2,659,309	1,753,151	2,219,875	1,662,483	3,063,789	2,530,312	2,327,167	1,906,902	1,055,637	751,885	340,124	269,454	92,508	23,412
total shareholders funds	2,659,309	1,753,151	2,219,875	1,662,483	3,063,789	2,530,312	2,327,167	1,906,902	1,055,637	751,885	340,124	269,454	92,508	23,412

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,082,171	-475,489	686,961	-1,402,729	646,306	244,547	522,943	1,060,895	381,884	532,166	90,837	237,282	94,742	31,990
Depreciation	240,967	159,957	30,767	18,957	101,088	65,430	3,196	64,937	55,957	48,876	43,920	59,378	47,821	49,755
Amortisation	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
Tax	-212,556	0	-130,746	0	-125,137	-47,651	-105,066	-212,816	-80,744	-122,994	-22,317	-62,170	-26,871	-9,066
Stock	352,854	-11,410	-9,945	91,351	25,598	-85,574	-7,714	50,496	-37,289	-37,262	16,944	18,221	13,086	159,789
Debtors	508,409	-72,339	154,767	-486,299	-229,041	-11,362	91,340	625,655	-248,083	359,962	-60,972	131,811	16,441	218,342
Creditors	-12,870	-10,768	117,212	-57,727	132,924	-105,368	-59,233	-206,247	-725,194	28,590	840,508	19,840	96,404	214,241
Accruals and Deferred Income	14,635	18,350	-4,293	113,294	48,693	-222,992	81,400	375,824	0	0	0	0	0	0
Deferred Taxes & Provisions	54,149	28,003	17,357	1,061	23,604	5,532	-1,506	12,363	-3,126	10,350	1,116	-2,829	-2,644	15,709
Cash flow from operations	330,233	-171,198	597,436	-907,196	1,055,921	61,434	383,108	443,805	-60,851	199,288	1,023,092	126,469	204,925	-50,502
Investing Activities
capital expenditure	-525,643	-296,296	-158,182	-12,950	-275,358	-102,202	-8,810	-176,150	-45,771	-88,607	-57,194	-38,042	-19,282	-734,019
Change in Investments	0	0	0	0	0	-20,632	20,632	0	0	0	0	0	0	0
cash flow from investments	-525,643	-296,296	-158,182	-12,950	-275,358	-81,570	-29,442	-176,150	-45,771	-88,607	-57,194	-38,042	-19,282	-734,019
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-12,458	-297,476	300,773	-53,552	62,713	0	0	-905,834	-26,191	-6,937	938,962
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	36,543	8,765	1,178	1,423	12,308	6,250	2,388	3,186	2,612	2,589	2,150	1,834	1,224	387
cash flow from financing	36,543	8,765	1,178	-11,035	-285,168	307,023	-51,164	65,899	2,612	2,589	-903,684	-24,357	-5,713	939,449
cash and cash equivalents
cash	-158,867	-458,729	440,431	-931,181	495,395	286,886	302,502	333,554	-104,010	113,270	62,214	64,070	179,931	154,929
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-158,867	-458,729	440,431	-931,181	495,395	286,886	302,502	333,554	-104,010	113,270	62,214	64,070	179,931	154,929

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORTON & JONES LIMITED group structure

Morton & Jones Limited has no subsidiary companies.

Ultimate parent company

MORTON & JONES LIMITED

06572110

MORTON & JONES LIMITED Shareholders

morton & jones holdings limited

100%

Morton & Jones Limited currently has 4 directors. The longest serving directors include Mr Kenneth Morton (Apr 2008) and Mr John Jones (Apr 2008).

officer	country	age	start	end	role
Mr Kenneth Morton		70 years	Apr 2008	-	Director
Mr John Jones		75 years	Apr 2008	-	Director
Mr Alun Jones	Wales	40 years	Apr 2020	-	Director
Mr Terence Morton	Wales	34 years	Apr 2020	-	Director

P&L

March 2023

turnover

8.1m

+12%

operating profit

1.1m

gross margin

27.7%

+7.18%

turnover

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

Balance Sheet

March 2023

net assets

2.7m

+0.52%

total assets

3.5m

+0.38%

cash

780.4k

-0.17%

net assets

Total assets minus all liabilities

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company number

06572110

Type

Private limited with Share Capital

industry

42220 - Construction of utility projects for electricity and telecommunications

incorporation date

April 2008

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

25 grosvenor road, wrexham, north wales, LL11 1BT

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.

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morton & jones limited Company Information

morton & jones limited Estimated Valuation

morton & jones limited Estimated Valuation

morton & jones limited Estimated Valuation

Morton & Jones Limited Overview

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MORTON & JONES LIMITED financials

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morton & jones limited Ownership

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