morrison telecom services limited
morrison telecom services limited Company Information
Company Number
07563201
Website
http://awg.comRegistered Address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
Industry
Construction of utility projects for electricity and telecommunications
Other telecommunications activities
Telephone
01438743744
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
m group telecoms limited 100%
morrison telecom services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON TELECOM SERVICES LIMITED at £169.3m based on a Turnover of £194m and 0.87x industry multiple (adjusted for size and gross margin).
morrison telecom services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON TELECOM SERVICES LIMITED at £57.2m based on an EBITDA of £13.2m and a 4.35x industry multiple (adjusted for size and gross margin).
morrison telecom services limited Estimated Valuation
Pomanda estimates the enterprise value of MORRISON TELECOM SERVICES LIMITED at £47m based on Net Assets of £20.2m and 2.32x industry multiple (adjusted for liquidity).
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Morrison Telecom Services Limited Overview
Morrison Telecom Services Limited is a live company located in stevenage, SG1 2ST with a Companies House number of 07563201. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in March 2011, it's largest shareholder is m group telecoms limited with a 100% stake. Morrison Telecom Services Limited is a established, mega sized company, Pomanda has estimated its turnover at £194m with declining growth in recent years.
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Morrison Telecom Services Limited Health Check
Pomanda's financial health check has awarded Morrison Telecom Services Limited a 4.5 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
5 Strong
3 Regular
3 Weak
Size
annual sales of £194m, make it larger than the average company (£6.3m)
£194m - Morrison Telecom Services Limited
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7%)
-1% - Morrison Telecom Services Limited
7% - Industry AVG
Production
with a gross margin of 8.2%, this company has a higher cost of product (35.4%)
8.2% - Morrison Telecom Services Limited
35.4% - Industry AVG
Profitability
an operating margin of 6.8% make it as profitable than the average company (7.6%)
6.8% - Morrison Telecom Services Limited
7.6% - Industry AVG
Employees
with 505 employees, this is above the industry average (36)
505 - Morrison Telecom Services Limited
36 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has an equivalent pay structure (£53.6k)
£53.3k - Morrison Telecom Services Limited
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £384.3k, this is more efficient (£209.7k)
£384.3k - Morrison Telecom Services Limited
£209.7k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (40 days)
29 days - Morrison Telecom Services Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (44 days)
53 days - Morrison Telecom Services Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morrison Telecom Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (17 weeks)
10 weeks - Morrison Telecom Services Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.1%, this is a similar level of debt than the average (69.9%)
71.1% - Morrison Telecom Services Limited
69.9% - Industry AVG
morrison telecom services limited Credit Report and Business Information
Morrison Telecom Services Limited Competitor Analysis
Perform a competitor analysis for morrison telecom services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
morrison telecom services limited Ownership
MORRISON TELECOM SERVICES LIMITED group structure
Morrison Telecom Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
MORRISON TELECOM SERVICES LIMITED
07563201
morrison telecom services limited directors
Morrison Telecom Services Limited currently has 9 directors. The longest serving directors include Mr Alain Loosveld (Jan 2019) and Mr William Cooper (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alain Loosveld | 55 years | Jan 2019 | - | Director | |
| Mr William Cooper | 51 years | Dec 2019 | - | Director | |
| Mr Patrick Carolan | 59 years | Mar 2020 | - | Director | |
| Mr Andrew Findlay | United Kingdom | 54 years | Aug 2021 | - | Director |
| Mr Andrew Findlay | United Kingdom | 54 years | Aug 2021 | - | Director |
| Mr Christian Keen | 60 years | Sep 2022 | - | Director | |
| Mrs Kirsty Fuller | England | 41 years | Sep 2022 | - | Director |
| Mr Mark Turner | England | 52 years | Sep 2022 | - | Director |
| Mr Jonathan Yarr | 44 years | Jun 2023 | - | Director |
MORRISON TELECOM SERVICES LIMITED financials
Morrison Telecom Services Limited's latest turnover from March 2023 is £194 million and the company has net assets of £20.2 million. According to their latest financial statements, Morrison Telecom Services Limited has 505 employees and maintains cash reserves of £9.1 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 194,049,000 | 175,978,000 | 187,892,000 | 199,017,000 | 110,000 | 44,000 | 91,000 | 476,000 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 178,202,000 | 165,034,000 | 177,362,000 | 185,967,000 | 75,000 | 44,000 | 91,000 | 476,000 | ||||
| Gross Profit | 15,847,000 | 10,944,000 | 10,530,000 | 13,050,000 | 35,000 | 0 | 0 | 0 | ||||
| Admin Expenses | 2,746,000 | 3,148,000 | 3,716,000 | 6,064,000 | 0 | 0 | 0 | 0 | ||||
| Operating Profit | 13,101,000 | 7,796,000 | 6,814,000 | 6,986,000 | 35,000 | 0 | 0 | 0 | ||||
| Interest Payable | 721,000 | 176,000 | 209,000 | 255,000 | 36,000 | 0 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 61,000 | 61,000 | 61,000 | ||||
| Pre-Tax Profit | 12,380,000 | 7,620,000 | 6,605,000 | 6,731,000 | -1,000 | 61,000 | 61,000 | 61,000 | ||||
| Tax | -2,782,000 | -1,729,000 | -1,242,000 | -1,294,000 | 0 | -14,000 | -15,000 | -16,000 | ||||
| Profit After Tax | 9,598,000 | 5,891,000 | 5,363,000 | 5,437,000 | -1,000 | 47,000 | 46,000 | 45,000 | ||||
| Dividends Paid | 6,063,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 3,535,000 | 5,891,000 | 5,363,000 | 5,437,000 | -1,000 | 47,000 | 46,000 | 45,000 | ||||
| Employee Costs | 26,925,000 | 22,388,000 | 18,645,000 | 12,802,000 | 0 | 0 | ||||||
| Number Of Employees | 505 | 428 | 325 | 264 | ||||||||
| EBITDA* | 13,162,000 | 7,796,000 | 6,814,000 | 6,986,000 | 35,000 | 0 | 0 | 0 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,910,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,791,000 | 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) | 2,720,000 | 3,697,000 | 2,511,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,421,000 | 3,697,000 | 2,511,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,903,000 | 8,357,000 | 7,156,000 | 8,292,000 | 0 | 0 | 0 | 0 | 104,000 | 30,000 | 0 | 0 |
| Group Debtors | 36,404,000 | 39,328,000 | 19,601,000 | 3,986,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 74,000 | 57,000 | 203,000 | 4,307,000 | 0 | 0 | 0 | 0 | 33,000 | 108,000 | 152,000 | 243,000 |
| Cash | 9,130,000 | 9,862,000 | 22,133,000 | 16,444,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 61,511,000 | 57,604,000 | 49,093,000 | 33,029,000 | 0 | 0 | 0 | 0 | 137,000 | 138,000 | 152,000 | 243,000 |
| total assets | 69,932,000 | 61,301,000 | 51,604,000 | 33,029,000 | 0 | 0 | 0 | 0 | 137,000 | 138,000 | 152,000 | 243,000 |
| 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 | 25,956,000 | 21,953,000 | 21,689,000 | 11,936,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,890,000 | 4,907,000 | 5,772,000 | 5,738,000 | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 198,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 268,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 15,923,000 | 17,750,000 | 13,343,000 | 9,918,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 47,037,000 | 44,610,000 | 40,804,000 | 27,592,000 | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 198,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,069,000 | 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 | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,669,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 49,706,000 | 44,610,000 | 40,804,000 | 27,592,000 | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 198,000 |
| net assets | 20,226,000 | 16,691,000 | 10,800,000 | 5,437,000 | 0 | 0 | 0 | 0 | 137,000 | 138,000 | 91,000 | 45,000 |
| total shareholders funds | 20,226,000 | 16,691,000 | 10,800,000 | 5,437,000 | 0 | 0 | 0 | 0 | 137,000 | 138,000 | 91,000 | 45,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 13,101,000 | 7,796,000 | 6,814,000 | 6,986,000 | 35,000 | 0 | 0 | 0 | ||||
| Depreciation | 14,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 47,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | -2,782,000 | -1,729,000 | -1,242,000 | -1,294,000 | 0 | -14,000 | -15,000 | -16,000 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,662,000 | 21,968,000 | 12,886,000 | 16,585,000 | 0 | 0 | 0 | -137,000 | -1,000 | -14,000 | -91,000 | 243,000 |
| Creditors | 4,003,000 | 264,000 | 9,753,000 | 11,936,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -1,827,000 | 4,407,000 | 3,425,000 | 9,918,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,494,000 | -11,230,000 | 5,864,000 | 10,961,000 | 36,000 | 0 | 76,000 | -259,000 | ||||
| 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 | -17,000 | -865,000 | 34,000 | 5,738,000 | 0 | 0 | 0 | 0 | 0 | -61,000 | -137,000 | 198,000 |
| 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 | 2,337,000 | 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 | -721,000 | -176,000 | -209,000 | -255,000 | -36,000 | 61,000 | 61,000 | 61,000 | ||||
| cash flow from financing | 1,599,000 | -1,041,000 | -175,000 | 5,483,000 | -36,000 | 0 | -76,000 | 259,000 | ||||
| cash and cash equivalents | ||||||||||||
| cash | -732,000 | -12,271,000 | 5,689,000 | 16,444,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -732,000 | -12,271,000 | 5,689,000 | 16,444,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
March 2023turnover
194m
+10%
operating profit
13.1m
+68%
gross margin
8.2%
+31.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
20.2m
+0.21%
total assets
69.9m
+0.14%
cash
9.1m
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
morrison telecom services limited company details
company number
07563201
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
42220 - Construction of utility projects for electricity and telecommunications
61900 - Other telecommunications activities
incorporation date
March 2011
age
13
accounts
Full Accounts
ultimate parent company
previous names
morrison utility plant services limited (October 2018)
m group services limited (June 2017)
incorporated
UK
address
abel smith house, gunnels wood road, stevenage, hertfordshire, SG1 2ST
last accounts submitted
March 2023
morrison telecom services 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 found 3 charges/mortgages relating to morrison telecom services limited. Currently there are 1 open charges and 2 have been satisfied in the past.
morrison telecom services limited Companies House Filings - See Documents
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