Morrisons Core Services Limited

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morrisons core services limited Company Information

Live

EstablishedMicroDeclining

Company Number

07871458

Website

Registered Address

prospero 73 london road, redhill, surrey, RH1 1LQ

Industry

Other business support service activities n.e.c.

Telephone

01737854500

Next Accounts Due

January 2025

Group Structure

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Directors

Stephanie Calthrop-Owen12 Years

Edward Moseley9 Years

View All

Shareholders

catherine rachel fisher 50%

gregory keith vincent 50%

morrisons core services limited Estimated Valuation

£171.9k

Pomanda estimates the enterprise value of MORRISONS CORE SERVICES LIMITED at £171.9k based on a Turnover of £418.9k and 0.41x industry multiple (adjusted for size and gross margin).

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Morrisons Core Services Limited is a live company located in surrey, RH1 1LQ with a Companies House number of 07871458. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2011, it's largest shareholder is catherine rachel fisher with a 50% stake. Morrisons Core Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £418.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Morrisons Core Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £418.9k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (4.3%)

EXPORT

Morrisons Core Services Limited's latest turnover from April 2023 is estimated at £418.9 thousand and the company has net assets of £672. According to their latest financial statements, Morrisons Core Services Limited has 6 employees and maintains cash reserves of 0 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
Turnover	418,930	1,537,902	995,045	954,460	453,454	513,362	257,177	400,196	513,438	699,640	588,716
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	345,376	1,280,726	843,187	792,867	377,598	428,217	212,084	330,672	429,247	585,106	490,177
Gross Profit	73,554	257,177	151,858	161,593	75,856	85,145	45,093	69,524	84,191	114,534	98,539
Admin Expenses	121,605	309,410	165,742	434,103	-338,952	36,424	36,555	66,415	81,206	114,526	98,539
Operating Profit	-48,051	-52,233	-13,884	-272,510	414,808	48,721	8,538	3,109	2,985	8	0
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	4	27	0	26	54	3	3	0
Pre-Tax Profit	-48,051	-52,233	-13,884	-272,506	414,835	48,721	8,564	3,163	2,989	10	0
Tax	0	0	0	0	-78,819	-9,257	-1,627	-632	-598	-2	0
Profit After Tax	-48,051	-52,233	-13,884	-272,506	336,016	39,464	6,937	2,530	2,391	8	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-48,051	-52,233	-13,884	-272,506	336,016	39,464	6,937	2,530	2,391	8	0
Employee Costs	284,954	268,844	256,004	253,376	247,613	78,293	38,260	76,772	76,279	114,750	74,562
Number Of Employees	6	6	6	6	6	2	1	2	2	3	2
EBITDA*	-48,051	-52,233	-13,884	-138,355	445,003	48,721	8,538	62,082	33,564	8	0

* 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
Tangible Assets	50,471	171,839	297,298	426,623	120,778	150,974	188,717	235,896	231,522	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	2	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	50,471	171,839	297,298	426,625	120,778	150,974	188,717	235,896	231,522	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	61,901	508,050	269,852	277,000	118,175	113,046	39,438	65,741	118,208	169,131	140,319
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	93,707	23,518	122,302	0	343,662	0	0	0	0	0	0
Cash	0	0	0	0	7,120	0	0	21,103	306	1,012	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	155,608	531,568	392,154	277,000	468,957	113,046	39,438	86,844	118,514	170,143	140,319
total assets	206,079	703,407	689,452	703,625	589,735	264,020	228,155	322,740	350,036	170,143	140,319
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	205,407	654,684	478,496	368,785	0	187,548	130,364	172,684	145,067	170,133	140,317
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	205,407	654,684	478,496	368,785	0	187,548	130,364	172,684	145,067	170,133	140,317
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	110,000	220,000	202,387	25,142	85,925	145,125	202,568	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	110,000	220,000	202,387	25,142	85,925	145,125	202,568	0	0
total liabilities	205,407	654,684	588,496	588,785	202,387	212,690	216,289	317,809	347,635	170,133	140,317
net assets	672	48,723	100,956	114,840	387,348	51,330	11,866	4,931	2,401	10	2
total shareholders funds	672	48,723	100,956	114,840	387,348	51,330	11,866	4,931	2,401	10	2

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	-48,051	-52,233	-13,884	-272,510	414,808	48,721	8,538	3,109	2,985	8	0
Depreciation	0	0	0	24,155	30,195	0	0	58,973	30,579	0	0
Amortisation	0	0	0	110,000	0	0	0	0	0	0	0
Tax	0	0	0	0	-78,819	-9,257	-1,627	-632	-598	-2	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-375,960	139,414	115,154	-184,837	348,791	73,608	-26,303	-52,467	-50,923	28,812	140,319
Creditors	-449,277	176,188	109,711	368,785	-187,548	57,184	-42,320	27,617	-25,066	29,816	140,317
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-121,368	-15,459	-19,327	415,267	-170,155	23,040	-9,106	141,534	58,823	1,010	-2
Investing Activities
capital expenditure	121,368	125,459	129,325	-440,000	1	37,743	47,179	-63,347	-262,101	0	0
Change in Investments	0	0	-2	2	0	0	0	0	0	0	0
cash flow from investments	121,368	125,459	129,327	-440,002	1	37,743	47,179	-63,347	-262,101	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-110,000	-110,000	17,613	177,245	-60,783	-59,200	-57,443	202,568	0	0
share issue	0	0	0	-2	2	0	-2	0	0	0	2
interest	0	0	0	4	27	0	26	54	3	3	0
cash flow from financing	0	-110,000	-110,000	17,615	177,274	-60,783	-59,176	-57,389	202,571	3	2
cash and cash equivalents
cash	0	0	0	-7,120	7,120	0	-21,103	20,797	-706	1,012	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-7,120	7,120	0	-21,103	20,797	-706	1,012	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for morrisons core services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in RH1 area or any other competitors across 12 key performance metrics.

MORRISONS CORE SERVICES LIMITED group structure

Morrisons Core Services Limited has no subsidiary companies.

Ultimate parent company

MORRISONS CORE SERVICES LIMITED

07871458

MORRISONS CORE SERVICES LIMITED Shareholders

catherine rachel fisher	50%
gregory keith vincent	50%

Morrisons Core Services Limited currently has 8 directors. The longest serving directors include Ms Stephanie Calthrop-Owen (Dec 2011) and Mr Edward Moseley (May 2015).

officer	country	age	start	end	role
Ms Stephanie Calthrop-Owen		59 years	Dec 2011	-	Director
Mr Edward Moseley	England	56 years	May 2015	-	Director
Mrs Catherine Fisher	England	56 years	May 2017	-	Director
Mr Gregory Vincent	England	47 years	Oct 2019	-	Director
Mr Jonathan Turner	England	43 years	Oct 2019	-	Director
Mr Melvin McCrum	England	57 years	Jan 2020	-	Director
Mrs Kellie Williams-Jauvel		46 years	Jan 2023	-	Director
Miss Holly Chantler	United Kingdom	41 years	Jan 2023	-	Director

P&L

April 2023

turnover

418.9k

-73%

operating profit

-48.1k

gross margin

17.6%

+4.99%

turnover

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

Balance Sheet

April 2023

net assets

672

-0.99%

total assets

206.1k

-0.71%

cash

net assets

Total assets minus all liabilities

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company number

07871458

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 2011

ultimate parent company

None

previous names

morrlaw 1 limited (March 2012)

address

prospero 73 london road, redhill, surrey, RH1 1LQ

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 morrisons core services limited.

morrisons core services limited Company Information

morrisons core services limited Estimated Valuation

morrisons core services limited Estimated Valuation

morrisons core services limited Estimated Valuation

Morrisons Core Services Limited Overview

Morrisons Core Services Limited Health Check

MORRISONS CORE SERVICES LIMITED financials

morrisons core services limited Credit Report and Business Information

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morrisons core services limited Ownership

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