Morton Grange Limited

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morton grange limited Company Information

Live

EstablishedMidHealthy

Company Number

06903540

Website

www.mortongrange.co.uk

Registered Address

morton grange morton on swale, northallerton, north yorkshire, DL7 9RQ

Industry

Raising of poultry

Telephone

Next Accounts Due

January 2025

Group Structure

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Directors

James Sanderson15 Years

Albert Sanderson5 Years

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Shareholders

james edward sanderson 33.4%

lucy mary sanderson 33.3%

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morton grange limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of MORTON GRANGE LIMITED at £5.4m based on an EBITDA of £992.5k and a 5.44x industry multiple (adjusted for size and gross margin).

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Morton Grange Limited is a live company located in north yorkshire, DL7 9RQ with a Companies House number of 06903540. It operates in the raising of poultry sector, SIC Code 01470. Founded in May 2009, it's largest shareholder is james edward sanderson with a 33.4% stake. Morton Grange Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Morton Grange Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£16.3m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.5%)

EXPORT

Morton Grange Limited's latest turnover from April 2023 is estimated at £5.1 million and the company has net assets of £2.2 million. According to their latest financial statements, Morton Grange Limited has 16 employees and maintains cash reserves of £697.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	5,094,311	3,273,846	3,311,309	3,387,222	463,263	456,200	415,019	1,208,031	652,876	464,209	2,601,282	2,394,749	1,696,529	1,704,115
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,276,014	2,660,090	2,700,295	2,846,170	383,546	366,886	339,235	998,014	542,078	365,512	1,960,331	1,834,541	1,258,882	1,259,577
Gross Profit	818,296	613,756	611,014	541,052	79,717	89,314	75,784	210,018	110,799	98,696	640,951	560,209	437,647	444,538
Admin Expenses	-57,683	273,229	383,650	-23,678	21,164	-451,550	-80,642	313,144	121,708	662,500	563,371	210,864	117,965	181,819
Operating Profit	875,979	340,527	227,364	564,730	58,553	540,864	156,426	-103,126	-10,909	-563,804	77,580	349,345	319,682	262,719
Interest Payable	15,822	21,496	17,544	7,534	0	0	0	0	0	0	0	0	0	0
Interest Receivable	23,967	3,383	340	256	1,470	279	75	93	53	101	95	116	72	3
Pre-Tax Profit	884,124	322,414	210,159	557,452	60,023	541,143	156,501	-103,033	-10,856	-563,703	77,675	349,461	319,754	262,722
Tax	-221,031	-61,259	-39,930	-105,916	-11,404	-102,817	-29,735	0	0	0	-17,865	-83,871	-83,136	-73,562
Profit After Tax	663,093	261,155	170,229	451,536	48,619	438,326	126,766	-103,033	-10,856	-563,703	59,810	265,590	236,618	189,160
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	663,093	261,155	170,229	451,536	48,619	438,326	126,766	-103,033	-10,856	-563,703	59,810	265,590	236,618	189,160
Employee Costs	490,074	477,767	496,059	440,946	25,988	23,773	24,734	124,875	77,321	48,946	269,266	270,090	186,638	186,515
Number Of Employees	16	16	16	16	1	1	1	5	3	2	11	11	8	8
EBITDA*	992,536	454,956	351,159	680,902	89,970	550,437	162,720	-100,057	-7,298	-559,556	82,577	355,225	326,599	270,857

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,639,709	1,556,014	1,609,891	1,447,599	222,980	138,700	35,666	17,391	20,460	24,071	28,319	33,316	39,196	46,112
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	65,205	65,205	61,365	52,149	47,809	43,369
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,639,709	1,556,014	1,609,891	1,447,599	222,980	138,700	35,666	17,391	85,665	89,276	89,684	85,465	87,005	89,481
Stock & work in progress	1,028,333	908,098	720,753	713,169	181,420	168,245	132,495	115,372	34,803	41,250	42,939	41,017	35,115	28,125
Trade Debtors	81,077	73,992	50,655	87,750	33,845	30,488	16,750	100,179	120,170	86,576	703,144	660,667	396,071	262,054
Group Debtors	0	0	0	0	316,845	266,776	0	0	0	0	0	0	0	0
Misc Debtors	29,005	36,182	81,116	39,026	108,369	103,658	103,423	0	0	0	0	0	0	0
Cash	697,270	430,603	471,597	207,720	303,594	88,434	23,159	37,153	0	21,093	19,363	18,662	27,647	1,149
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,835,685	1,448,875	1,324,121	1,047,665	944,073	657,601	275,827	252,704	154,973	148,919	765,446	720,346	458,833	291,328
total assets	3,475,394	3,004,889	2,934,012	2,495,264	1,167,053	796,301	311,493	270,095	240,638	238,195	855,130	805,811	545,838	380,809
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	18,500	18,500	6,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	345,867	286,253	477,914	263,441	35,937	33,017	29,294	184,806	49,447	31,074	100,573	110,955	116,308	187,801
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	486,017	543,602	511,387	625,537	393,443	90,459	67,540	0	0	0	0	0	0	0
total current liabilities	831,884	848,355	1,007,801	894,978	429,380	123,476	96,834	184,806	49,447	31,074	100,573	110,955	116,308	187,801
loans	0	290,219	309,707	241,015	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	498	3,781	8,639	0	0	0	0
provisions	409,200	295,098	306,442	219,438	41,376	25,147	5,307	2,205	1,791	2,007	2,379	2,488	2,752	2,848
total long term liabilities	409,200	585,317	616,149	460,453	41,376	25,147	5,307	2,703	5,572	10,646	2,379	2,488	2,752	2,848
total liabilities	1,241,084	1,433,672	1,623,950	1,355,431	470,756	148,623	102,141	187,509	55,019	41,720	102,952	113,443	119,060	190,649
net assets	2,234,310	1,571,217	1,310,062	1,139,833	696,297	647,678	209,352	82,586	185,619	196,475	752,178	692,368	426,778	190,160
total shareholders funds	2,234,310	1,571,217	1,310,062	1,139,833	696,297	647,678	209,352	82,586	185,619	196,475	752,178	692,368	426,778	190,160

	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	875,979	340,527	227,364	564,730	58,553	540,864	156,426	-103,126	-10,909	-563,804	77,580	349,345	319,682	262,719
Depreciation	116,557	114,429	123,795	116,172	31,417	9,573	6,294	3,069	3,611	4,248	4,997	5,880	6,917	8,138
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-221,031	-61,259	-39,930	-105,916	-11,404	-102,817	-29,735	0	0	0	-17,865	-83,871	-83,136	-73,562
Stock	120,235	187,345	7,584	531,749	13,175	35,750	17,123	80,569	-6,447	-1,689	1,922	5,902	6,990	28,125
Debtors	-92	-21,597	4,995	-332,283	58,137	280,749	19,994	-19,991	33,594	-616,568	42,477	264,596	134,017	262,054
Creditors	59,614	-191,661	214,473	227,504	2,920	3,723	-155,512	135,359	18,373	-69,499	-10,382	-5,353	-71,493	187,801
Accruals and Deferred Income	-57,585	32,215	-114,150	232,094	302,984	22,919	67,540	0	0	0	0	0	0	0
Deferred Taxes & Provisions	114,102	-11,344	87,004	178,062	16,229	19,840	3,102	414	-216	-372	-109	-264	-96	2,848
Cash flow from operations	767,493	57,159	485,977	1,013,180	329,387	177,603	10,998	-24,862	-16,288	-11,170	9,822	-4,761	30,867	97,765
Investing Activities
capital expenditure	-200,252	-60,552	-286,087	-1,340,791	-115,697	-112,607	-24,569	0	0	0	0	0	-1	-54,250
Change in Investments	0	0	0	0	0	0	0	-65,205	0	3,840	9,216	4,340	4,440	43,369
cash flow from investments	-200,252	-60,552	-286,087	-1,340,791	-115,697	-112,607	-24,569	65,205	0	-3,840	-9,216	-4,340	-4,441	-97,619
Financing Activities
Bank loans	-18,500	0	12,500	6,000	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	-290,219	-19,488	68,692	241,015	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	-498	-3,283	-4,858	8,639	0	0	0	0
share issue	0	0	0	-8,000	0	0	0	0	0	8,000	0	0	0	1,000
interest	8,145	-18,113	-17,204	-7,278	1,470	279	75	93	53	101	95	116	72	3
cash flow from financing	-300,574	-37,601	63,988	231,737	1,470	279	-423	-3,190	-4,805	16,740	95	116	72	1,003
cash and cash equivalents
cash	266,667	-40,994	263,877	-95,874	215,160	65,275	-13,994	37,153	-21,093	1,730	701	-8,985	26,498	1,149
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	266,667	-40,994	263,877	-95,874	215,160	65,275	-13,994	37,153	-21,093	1,730	701	-8,985	26,498	1,149

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORTON GRANGE LIMITED group structure

Morton Grange Limited has no subsidiary companies.

Ultimate parent company

MORTON GRANGE LIMITED

06903540

MORTON GRANGE LIMITED Shareholders

james edward sanderson	33.4%
lucy mary sanderson	33.3%
albert robin sanderson	23.3%
a r sanderson grandchildren's discretionary settlement	10%

Morton Grange Limited currently has 3 directors. The longest serving directors include Mr James Sanderson (May 2009) and Mr Albert Sanderson (Apr 2019).

officer	age	start	end	role
Mr James Sanderson	48 years	May 2009	-	Director
Mr Albert Sanderson	83 years	Apr 2019	-	Director
Mrs Lucy Sanderson	52 years	Apr 2019	-	Director

P&L

April 2023

turnover

5.1m

+56%

operating profit

876k

gross margin

16.1%

-14.32%

turnover

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

Balance Sheet

April 2023

net assets

2.2m

+0.42%

total assets

3.5m

+0.16%

cash

697.3k

+0.62%

net assets

Total assets minus all liabilities

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company number

06903540

Type

Private limited with Share Capital

industry

01470 - Raising of poultry

incorporation date

May 2009

ultimate parent company

None

previous names

morton grange poultry limited (September 2009)

address

morton grange morton on swale, northallerton, north yorkshire, DL7 9RQ

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 1 charges/mortgages relating to morton grange limited. Currently there are 1 open charges and 0 have been satisfied in the past.

morton grange limited Company Information

morton grange limited Estimated Valuation

morton grange limited Estimated Valuation

morton grange limited Estimated Valuation

Morton Grange Limited Overview

Morton Grange Limited Health Check

MORTON GRANGE LIMITED financials

morton grange limited Credit Report and Business Information

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morton grange limited Ownership

morton grange limited directors

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