Pomanda estimates the enterprise value of MORRIS, CORFIELD & CO. LIMITED at £17.8m based on a Turnover of £37.6m and 0.47x industry multiple (adjusted for size and gross margin).
morris, corfield & co. limitedEstimated Valuation
£6.3m
Pomanda estimates the enterprise value of MORRIS, CORFIELD & CO. LIMITED at £6.3m based on an EBITDA of £1.5m and a 4.11x industry multiple (adjusted for size and gross margin).
morris, corfield & co. limitedEstimated Valuation
£20.6m
Pomanda estimates the enterprise value of MORRIS, CORFIELD & CO. LIMITED at £20.6m based on Net Assets of £8.6m and 2.39x industry multiple (adjusted for liquidity).
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Morris, Corfield & Co. LimitedOverview
Morris, Corfield & Co. Limited is a live company located in shropshire, TF12 5BB with a Companies House number of 07362441. It operates in the wholesale of agricultural machinery, equipment and supplies sector, SIC Code 46610. Founded in September 2010, it's largest shareholder is
morris corfield & co holdings ltd
with a 76.5% stake. Morris, Corfield & Co. Limited is a established,
large sized company, Pomanda has estimated its turnover at
£37.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Morris, Corfield & Co. Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £37.6m, make it larger than the average company (£8.5m)
£37.6m - Morris, Corfield & Co. Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.1%)
6% - Morris, Corfield & Co. Limited
7.1% - Industry AVG
Production
with a gross margin of 8.5%, this company has a higher cost of product (30.4%)
8.5% - Morris, Corfield & Co. Limited
30.4% - Industry AVG
Profitability
an operating margin of 3.7% make it less profitable than the average company (4.9%)
3.7% - Morris, Corfield & Co. Limited
4.9% - Industry AVG
Employees
with 68 employees, this is above the industry average (23)
68 - Morris, Corfield & Co. Limited
23 - Industry AVG
Pay Structure
on an average salary of £40.9k, the company has an equivalent pay structure (£37.9k)
£40.9k - Morris, Corfield & Co. Limited
£37.9k - Industry AVG
Efficiency
resulting in sales per employee of £552.2k, this is more efficient (£248k)
£552.2k - Morris, Corfield & Co. Limited
£248k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (41 days)
38 days - Morris, Corfield & Co. Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (43 days)
27 days - Morris, Corfield & Co. Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 127 days, this is more than average (60 days)
127 days - Morris, Corfield & Co. Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Morris, Corfield & Co. Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a lower level of debt than the average (58.7%)
48.5% - Morris, Corfield & Co. Limited
58.7% - Industry AVG
MORRIS, CORFIELD & CO. LIMITED financials
EXPORT
Morris, Corfield & Co. Limited's latest turnover from September 2023 is £37.6 million and the company has net assets of £8.6 million. According to their latest financial statements, Morris, Corfield & Co. Limited has 68 employees and maintains cash reserves of £144.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Turnover
37,552,721
40,743,863
35,570,127
31,392,061
31,047,034
27,103,478
30,593,679
23,377,187
26,387,589
27,273,851
28,208,449
27,209,264
23,602,073
Other Income Or Grants
Cost Of Sales
34,357,306
37,639,115
33,079,115
28,918,185
29,097,736
24,890,505
28,204,766
21,584,446
24,609,730
25,184,149
26,034,728
25,143,456
21,769,008
Gross Profit
3,195,415
3,104,748
2,491,012
2,473,876
1,949,298
2,212,973
2,388,913
1,792,741
1,777,859
2,089,702
2,173,721
2,065,808
1,833,065
Admin Expenses
1,799,590
1,403,667
1,374,034
1,469,883
1,387,187
1,473,774
1,210,789
1,322,863
1,255,764
1,325,935
1,329,852
1,308,172
1,109,415
Operating Profit
1,395,825
1,701,081
1,116,978
1,003,993
562,111
739,199
1,178,124
469,878
522,095
763,767
843,869
757,636
723,650
Interest Payable
68,052
54,761
39,666
56,901
81,759
65,248
51,705
88,377
86,170
110,776
103,108
98,457
98,993
Interest Receivable
418
177
7
81
244
275
380
1,588
1,588
1,588
1,588
1,521
497
Pre-Tax Profit
1,328,191
1,646,497
1,077,319
947,173
480,596
674,226
1,126,799
383,089
437,513
654,579
742,349
660,700
625,154
Tax
-297,305
-309,183
-230,494
-185,983
-91,706
-128,770
-216,549
-70,937
-90,894
-143,627
-171,731
-164,859
-185,494
Profit After Tax
1,030,886
1,337,314
846,825
761,190
388,890
545,456
910,250
312,152
346,619
510,952
570,618
495,841
439,660
Dividends Paid
81,350
61,013
48,000
24,000
24,000
32,000
64,000
Retained Profit
949,536
1,276,301
798,825
737,190
364,890
513,456
846,250
312,152
346,619
510,952
570,618
495,841
439,660
Employee Costs
2,779,814
2,640,810
2,590,052
2,484,636
2,290,267
2,156,587
2,077,623
1,994,938
2,016,622
2,028,039
1,914,466
1,809,965
1,468,665
Number Of Employees
68
63
63
62
59
60
57
55
56
57
52
52
52
EBITDA*
1,537,598
1,815,431
1,264,932
1,128,203
686,213
829,496
1,264,186
471,447
632,650
862,269
966,828
818,167
771,304
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Tangible Assets
479,241
492,939
466,591
707,707
682,990
575,097
311,954
383,443
430,510
433,154
555,591
178,067
175,149
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
479,241
492,939
466,591
707,707
682,990
575,097
311,954
383,443
430,510
433,154
555,591
178,067
175,149
Stock & work in progress
11,959,255
9,219,489
7,885,553
6,918,839
8,537,525
6,816,820
5,601,541
5,512,382
5,875,934
6,596,232
5,889,981
6,563,390
4,759,949
Trade Debtors
3,998,174
4,581,639
4,079,463
3,982,344
3,317,278
3,452,843
2,628,294
2,887,036
2,291,126
2,659,837
3,910,920
3,342,641
2,535,606
Group Debtors
31,961
29,668
35,825
Misc Debtors
158,477
1,485,580
94,315
87,865
95,814
88,060
93,784
108,763
92,854
94,551
58,129
59,898
55,201
Cash
144,431
1,209
905,564
340,599
5,909
4,429
335,227
949
1,841
658
952
655
163
misc current assets
total current assets
16,260,337
15,287,917
12,964,895
11,329,647
11,956,526
10,362,152
8,658,846
8,509,130
8,261,755
9,351,278
9,891,943
9,996,252
7,386,744
total assets
16,739,578
15,780,856
13,431,486
12,037,354
12,639,516
10,937,249
8,970,800
8,892,573
8,692,265
9,784,432
10,447,534
10,174,319
7,561,893
Bank overdraft
63,584
427,112
282,379
435,170
705,250
1,081,993
1,167,418
1,280,732
693,222
Bank loan
Trade Creditors
2,548,364
1,767,161
1,726,407
3,747,580
4,439,230
3,211,521
2,467,135
2,730,289
1,770,288
2,914,497
2,749,915
3,102,914
2,139,260
Group/Directors Accounts
903,959
1,105,124
1,384,066
1,665,732
1,945,925
1,986,163
1,881,665
1,586,430
1,739,229
1,854,542
2,575,644
2,742,733
2,676,182
other short term finances
3,680,324
2,324,415
2,779,812
hp & lease commitments
14,230
30,172
133,500
17,920
66,332
146,854
95,962
358,201
110,724
81,286
other current liabilities
881,782
2,742,402
1,114,107
798,223
612,009
674,987
530,694
269,835
915,541
560,944
1,181,144
831,388
683,773
total current liabilities
8,014,429
8,002,686
7,004,392
6,225,765
7,454,448
6,288,550
4,897,414
5,088,056
5,277,162
6,507,938
8,032,322
8,068,491
6,273,723
loans
550,000
550,000
550,000
hp & lease commitments
150,770
267,082
130,761
94,361
112,180
48,412
264,230
469,245
753,955
435,844
Accruals and Deferred Income
other liabilities
provisions
108,754
111,311
103,141
123,191
117,548
82,390
56,933
66,495
53,001
45,193
39,848
16,372
12,666
total long term liabilities
108,754
111,311
103,141
273,961
384,630
213,151
151,294
728,675
651,413
859,423
509,093
770,327
448,510
total liabilities
8,123,183
8,113,997
7,107,533
6,499,726
7,839,078
6,501,701
5,048,708
5,816,731
5,928,575
7,367,361
8,541,415
8,838,818
6,722,233
net assets
8,616,395
7,666,859
6,323,953
5,537,628
4,800,438
4,435,548
3,922,092
3,075,842
2,763,690
2,417,071
1,906,119
1,335,501
839,660
total shareholders funds
8,616,395
7,666,859
6,323,953
5,537,628
4,800,438
4,435,548
3,922,092
3,075,842
2,763,690
2,417,071
1,906,119
1,335,501
839,660
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Operating Activities
Operating Profit
1,395,825
1,701,081
1,116,978
1,003,993
562,111
739,199
1,178,124
469,878
522,095
763,767
843,869
757,636
723,650
Depreciation
141,773
114,350
147,954
124,210
124,102
90,297
86,062
1,569
110,555
98,502
122,959
60,531
47,654
Amortisation
Tax
-297,305
-309,183
-230,494
-185,983
-91,706
-128,770
-216,549
-70,937
-90,894
-143,627
-171,731
-164,859
-185,494
Stock
2,739,766
1,333,936
966,714
-1,618,686
1,720,705
1,215,279
89,159
-363,552
-720,298
706,251
-673,409
1,803,441
4,759,949
Debtors
-1,910,568
1,893,441
103,569
657,117
-127,811
818,825
-273,721
611,819
-370,408
-1,246,622
568,803
805,575
2,626,632
Creditors
781,203
40,754
-2,021,173
-691,650
1,227,709
744,386
-263,154
960,001
-1,144,209
164,582
-352,999
963,654
2,139,260
Accruals and Deferred Income
-1,860,620
1,628,295
315,884
186,214
-62,978
144,293
260,859
-645,706
354,597
-620,200
349,756
147,615
683,773
Deferred Taxes & Provisions
-2,557
8,170
-20,050
5,643
35,158
25,457
-9,562
13,494
7,808
5,345
23,476
3,706
12,666
Cash flow from operations
-670,879
-43,910
-1,761,184
1,403,996
201,502
-419,242
1,220,342
480,032
850,658
808,740
919,936
-840,733
-3,965,072
Investing Activities
capital expenditure
-128,075
-140,698
93,162
-353,440
7,296
-41,103
-106,816
23,935
-500,483
-64,024
-222,803
Change in Investments
cash flow from investments
-128,075
-140,698
93,162
-353,440
7,296
-41,103
-106,816
23,935
-500,483
-64,024
-222,803
Financing Activities
Bank loans
Group/Directors Accounts
-201,165
-278,942
-281,666
-280,193
-40,238
104,498
295,235
-152,799
-115,313
-721,102
-167,089
66,551
2,676,182
Other Short Term Loans
1,355,909
-455,397
2,779,812
Long term loans
-550,000
550,000
Hire Purchase and Lease Commitments
-165,000
-132,254
32,993
151,980
-66,231
-16,754
-164,926
-467,254
-37,233
347,549
517,130
other long term liabilities
share issue
66,605
-12,500
400,000
interest
-67,634
-54,584
-39,659
-56,820
-81,515
-64,973
-51,325
-86,789
-84,582
-109,188
-101,520
-96,936
-98,496
cash flow from financing
1,087,110
-722,318
2,280,987
-469,267
-88,760
191,505
-372,321
-256,342
-364,821
-747,544
-305,842
317,164
3,494,816
cash and cash equivalents
cash
143,222
-904,355
564,965
334,690
1,480
-330,798
334,278
-892
1,183
-294
297
492
163
overdraft
-63,584
63,584
-427,112
144,733
282,379
-435,170
-270,080
-376,743
-85,425
-113,314
587,510
693,222
change in cash
206,806
-967,939
564,965
761,802
-143,253
-613,177
769,448
269,188
377,926
85,131
113,611
-587,018
-693,059
morris, corfield & co. limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for morris, corfield & co. limited. Get real-time insights into morris, corfield & co. limited's credit score, group structure and payment trends.
Perform a competitor analysis for morris, corfield & co. limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in TF12 area or any other competitors across 12 key performance metrics.
morris, corfield & co. limited Ownership
MORRIS, CORFIELD & CO. LIMITED group structure
Morris, Corfield & Co. Limited has no subsidiary companies.
The largest shareholders in Morris, Corfield & Co. Limited include Morris Corfield & Co Holdings Ltd and Martin Wood.
morris corfield & co holdings ltd
76.52%
martin wood
3.07%
darren norman duppa
3.07%
jason thomas parkes
3.07%
wayne davies
3.07%
mark andrew price
2.46%
william george corfield
2.46%
james baldini
1.54%
david stead
1.54%
caroline babel
1.23%
morris, corfield & co. limited directors
Morris, Corfield & Co. Limited currently has 3 directors.
The longest serving directors include
Mr Norman Duppa (Apr 2011) and
Mr Darren Duppa (Apr 2011).
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 morris, corfield & co. limited. Currently there are 1 open charges and 0 have been satisfied in the past.
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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morris, corfield & co. limitedCompanies House Filings - See Documents
