morris insurance brokers limited
morris insurance brokers limited Company Information
Company Number
07472251
Next Accounts
Dec 2024
Industry
Activities of insurance agents and brokers
Directors
Shareholders
lawrence hugo mayo morris
Group Structure
View All
Contact
Registered Address
c/o maltravers house, petters way, yeovil, somerset, BA20 1SH
Website
www.morrisinsuranceltd.commorris insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS INSURANCE BROKERS LIMITED at £107.9k based on a Turnover of £98.8k and 1.09x industry multiple (adjusted for size and gross margin).
morris insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS INSURANCE BROKERS LIMITED at £0 based on an EBITDA of £-11.3k and a 6.52x industry multiple (adjusted for size and gross margin).
morris insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS INSURANCE BROKERS LIMITED at £213.6k based on Net Assets of £116.9k and 1.83x industry multiple (adjusted for liquidity).
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Morris Insurance Brokers Limited Overview
Morris Insurance Brokers Limited is a live company located in yeovil, BA20 1SH with a Companies House number of 07472251. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in December 2010, it's largest shareholder is lawrence hugo mayo morris with a 100% stake. Morris Insurance Brokers Limited is a established, micro sized company, Pomanda has estimated its turnover at £98.8k with declining growth in recent years.
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Morris Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Morris Insurance Brokers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £98.8k, make it smaller than the average company (£2.6m)
- Morris Insurance Brokers Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.2%)
- Morris Insurance Brokers Limited
5.2% - Industry AVG
Production
with a gross margin of 96.9%, this company has a comparable cost of product (96.9%)
- Morris Insurance Brokers Limited
96.9% - Industry AVG
Profitability
an operating margin of -12.6% make it less profitable than the average company (19.7%)
- Morris Insurance Brokers Limited
19.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (17)
1 - Morris Insurance Brokers Limited
17 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)
- Morris Insurance Brokers Limited
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £98.8k, this is equally as efficient (£107.8k)
- Morris Insurance Brokers Limited
£107.8k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (69 days)
- Morris Insurance Brokers Limited
69 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Morris Insurance Brokers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morris Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 127 weeks, this is more cash available to meet short term requirements (37 weeks)
127 weeks - Morris Insurance Brokers Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37%, this is a lower level of debt than the average (59%)
37% - Morris Insurance Brokers Limited
59% - Industry AVG
MORRIS INSURANCE BROKERS LIMITED financials
Morris Insurance Brokers Limited's latest turnover from March 2023 is estimated at £98.8 thousand and the company has net assets of £116.9 thousand. According to their latest financial statements, Morris Insurance Brokers Limited has 1 employee and maintains cash reserves of £167.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,764 | 2,946 | 0 | 0 | 0 | 0 | 6,363 | 12,828 | 528 | 797 | 1,338 | 1,794 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,764 | 2,946 | 0 | 0 | 0 | 0 | 6,363 | 12,828 | 528 | 797 | 1,338 | 1,794 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,852 | 29,807 | 24,288 | 27,157 | 22,282 | 12,273 | 0 | 0 | 0 | 19,444 | 7,590 | 7,094 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 19,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 167,861 | 132,993 | 116,399 | 100,512 | 134,494 | 142,373 | 142,922 | 74,493 | 119,327 | 87,306 | 63,185 | 48,345 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 183,713 | 162,800 | 140,687 | 146,925 | 205,747 | 154,646 | 142,922 | 74,493 | 119,327 | 106,750 | 70,775 | 55,439 |
| total assets | 185,477 | 165,746 | 140,687 | 146,925 | 205,747 | 154,646 | 149,285 | 87,321 | 119,855 | 107,547 | 72,113 | 57,233 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 330 | 59,619 | 68,755 | 57,455 | 59,956 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 68,207 | 42,651 | 16,911 | 25,618 | 0 | 21,688 | 52,621 | 22,970 | 0 | 0 | 0 | 0 |
| total current liabilities | 68,207 | 42,651 | 16,911 | 25,618 | 19,846 | 21,688 | 52,621 | 23,300 | 59,619 | 68,755 | 57,455 | 59,956 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 335 | 107 | 0 | 0 | 0 | 0 | 1,209 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 335 | 107 | 0 | 0 | 0 | 0 | 1,209 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 68,542 | 42,758 | 16,911 | 25,618 | 19,846 | 21,688 | 53,830 | 23,300 | 59,619 | 68,755 | 57,455 | 59,956 |
| net assets | 116,935 | 122,988 | 123,776 | 121,307 | 185,901 | 132,958 | 95,455 | 64,021 | 60,236 | 38,792 | 14,658 | -2,723 |
| total shareholders funds | 116,935 | 122,988 | 123,776 | 121,307 | 185,901 | 132,958 | 95,455 | 64,021 | 60,236 | 38,792 | 14,658 | -2,723 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 1,182 | 248 | 0 | 0 | 0 | 6,363 | 6,465 | 6,788 | 577 | 1,151 | 835 | 679 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,955 | 5,519 | -22,125 | 46,413 | 10,009 | 12,273 | 0 | 0 | -19,444 | 11,854 | 496 | 7,094 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -330 | -59,289 | -9,136 | 11,300 | -2,501 | 59,956 |
| Accruals and Deferred Income | 25,556 | 25,740 | -8,707 | 25,618 | -21,688 | -30,933 | 29,651 | 22,970 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 228 | 107 | 0 | 0 | 0 | -1,209 | 1,209 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 34,868 | 16,594 | 15,887 | 100,512 | -7,879 | -549 | 68,429 | -44,834 | 32,021 | 24,121 | 14,840 | 48,345 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 34,868 | 16,594 | 15,887 | 100,512 | -7,879 | -549 | 68,429 | -44,834 | 32,021 | 24,121 | 14,840 | 48,345 |
morris insurance brokers limited Credit Report and Business Information
Morris Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for morris insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BA20 area or any other competitors across 12 key performance metrics.
morris insurance brokers limited Ownership
MORRIS INSURANCE BROKERS LIMITED group structure
Morris Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
MORRIS INSURANCE BROKERS LIMITED
07472251
morris insurance brokers limited directors
Morris Insurance Brokers Limited currently has 1 director, Mr Lawrence Morris serving since Dec 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lawrence Morris | England | 54 years | Dec 2010 | - | Director |
P&L
March 2023turnover
98.8k
-21%
operating profit
-12.4k
0%
gross margin
97%
+2.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
116.9k
-0.05%
total assets
185.5k
+0.12%
cash
167.9k
+0.26%
net assets
Total assets minus all liabilities
morris insurance brokers limited company details
company number
07472251
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
December 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
c/o maltravers house, petters way, yeovil, somerset, BA20 1SH
Bank
-
Legal Advisor
-
morris insurance brokers 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 did not find charges/mortgages relating to morris insurance brokers limited.
morris insurance brokers limited Capital Raised & Share Issues BETA
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 insurance brokers limited Companies House Filings - See Documents
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