moreton smith receivables limited
moreton smith receivables limited Company Information
Company Number
08486496
Website
www.moretonsmith.co.ukRegistered Address
12th floor one america square, london, EC3N 2LS
Industry
Other business support service activities n.e.c.
Justice and judicial activities
Telephone
03333201100
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
marston (holdings) limited 100%
moreton smith receivables limited Estimated Valuation
Pomanda estimates the enterprise value of MORETON SMITH RECEIVABLES LIMITED at £16.9k based on a Turnover of £31.5k and 0.54x industry multiple (adjusted for size and gross margin).
moreton smith receivables limited Estimated Valuation
Pomanda estimates the enterprise value of MORETON SMITH RECEIVABLES LIMITED at £0 based on an EBITDA of £-295.6k and a 4.11x industry multiple (adjusted for size and gross margin).
moreton smith receivables limited Estimated Valuation
Pomanda estimates the enterprise value of MORETON SMITH RECEIVABLES LIMITED at £0 based on Net Assets of £-717k and 2.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Moreton Smith Receivables Limited Overview
Moreton Smith Receivables Limited is a live company located in london, EC3N 2LS with a Companies House number of 08486496. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2013, it's largest shareholder is marston (holdings) limited with a 100% stake. Moreton Smith Receivables Limited is a established, micro sized company, Pomanda has estimated its turnover at £31.5k with declining growth in recent years.
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Moreton Smith Receivables Limited Health Check
Pomanda's financial health check has awarded Moreton Smith Receivables Limited a 0.5 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
1 Strong
0 Regular
8 Weak
Size
annual sales of £31.5k, make it smaller than the average company (£2.4m)
- Moreton Smith Receivables Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -64%, show it is growing at a slower rate (2.2%)
- Moreton Smith Receivables Limited
2.2% - Industry AVG
Production
with a gross margin of 28.3%, this company has a higher cost of product (51.6%)
- Moreton Smith Receivables Limited
51.6% - Industry AVG
Profitability
an operating margin of -944.9% make it less profitable than the average company (35.6%)
- Moreton Smith Receivables Limited
35.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (29)
1 - Moreton Smith Receivables Limited
29 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Moreton Smith Receivables Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £31.5k, this is less efficient (£114.9k)
- Moreton Smith Receivables Limited
£114.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Moreton Smith Receivables Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (24 days)
- Moreton Smith Receivables Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Moreton Smith Receivables Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (60 weeks)
6 weeks - Moreton Smith Receivables Limited
60 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 206.7%, this is a higher level of debt than the average (48.3%)
206.7% - Moreton Smith Receivables Limited
48.3% - Industry AVG
MORETON SMITH RECEIVABLES LIMITED financials
Moreton Smith Receivables Limited's latest turnover from May 2023 is estimated at £31.5 thousand and the company has net assets of -£717 thousand. According to their latest financial statements, Moreton Smith Receivables Limited has 1 employee and maintains cash reserves of £163 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | Jul 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 983,000 | 1,958,000 | 2,440,000 | 2,680,000 | 3,067,922 | |||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | -789,000 | -315,000 | 15,000 | 794,000 | 121,809 | |||||
| Interest Payable | 8,000 | 7,000 | 0 | 0 | 27,007 | |||||
| Interest Receivable | 0 | 0 | 20,000 | 30,000 | 0 | |||||
| Pre-Tax Profit | -797,000 | -322,000 | 35,000 | 824,000 | 94,802 | |||||
| Tax | 2,000 | 1,000 | 197,000 | -197,000 | -171,165 | |||||
| Profit After Tax | -795,000 | -321,000 | 232,000 | 627,000 | -76,363 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 200,000 | |||||
| Retained Profit | -795,000 | -321,000 | 232,000 | 627,000 | -276,363 | |||||
| Employee Costs | 0 | 0 | 0 | 0 | 358,000 | 1,061,000 | 1,330,000 | 1,023,000 | 1,036,714 | |
| Number Of Employees | 1 | 2 | 1 | 3 | 14 | 31 | 34 | 30 | 37 | |
| EBITDA* | -780,000 | -311,000 | 15,000 | 794,000 | 121,809 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | Jul 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 4,000 | 9,000 | 14,000 | 0 | 0 | 0 | 160,843 |
| Intangible Assets | 0 | 2,000 | 5,000 | 9,000 | 13,000 | 17,000 | 0 | 0 | 0 | 59,375 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 2,000 | 5,000 | 13,000 | 22,000 | 31,000 | 0 | 0 | 0 | 220,218 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 219,000 | 227,000 | 415,000 | 1,041,000 | 865,000 | 772,000 | 809,690 | 1,275,111 |
| Group Debtors | 508,000 | 1,149,000 | 348,000 | 263,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,000 | 143,000 | 51,000 | 39,000 | 2,000 | 335,000 | 250,000 | 234,000 | 60,833 | 0 |
| Cash | 163,000 | 353,000 | 660,000 | 163,000 | 663,000 | 230,000 | 71,000 | 586,000 | 27,956 | 101,623 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 672,000 | 1,645,000 | 1,278,000 | 692,000 | 1,080,000 | 1,606,000 | 1,186,000 | 1,592,000 | 898,479 | 1,376,734 |
| total assets | 672,000 | 1,647,000 | 1,283,000 | 705,000 | 1,102,000 | 1,637,000 | 1,186,000 | 1,592,000 | 898,479 | 1,596,952 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,000 | 439,000 | 36,000 | 31,000 | 113,000 | 117,000 | 161,000 | 210,000 | 206,902 | 1,526,520 |
| Group/Directors Accounts | 1,330,000 | 1,524,000 | 1,478,000 | 1,024,000 | 1,388,000 | 1,121,000 | 254,000 | 528,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 29,000 | 88,000 | 177,000 | 106,000 | 64,000 | 67,000 | 118,000 | 433,000 | 897,508 | 0 |
| total current liabilities | 1,362,000 | 2,051,000 | 1,691,000 | 1,161,000 | 1,565,000 | 1,305,000 | 533,000 | 1,171,000 | 1,104,410 | 1,526,520 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 27,000 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,000 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,389,000 | 2,078,000 | 1,691,000 | 1,161,000 | 1,565,000 | 1,305,000 | 533,000 | 1,171,000 | 1,104,410 | 1,526,520 |
| net assets | -717,000 | -431,000 | -408,000 | -456,000 | -463,000 | 332,000 | 653,000 | 421,000 | -205,931 | 70,432 |
| total shareholders funds | -717,000 | -431,000 | -408,000 | -456,000 | -463,000 | 332,000 | 653,000 | 421,000 | -205,931 | 70,432 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | Jul 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -789,000 | -315,000 | 15,000 | 794,000 | 121,809 | |||||
| Depreciation | 0 | 0 | 4,000 | 5,000 | 1,000 | 0 | 0 | 291,014 | ||
| Amortisation | 2,000 | 3,000 | 4,000 | 4,000 | 3,000 | 0 | 0 | 90,625 | ||
| Tax | 2,000 | 1,000 | 197,000 | -197,000 | -171,165 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -783,000 | 674,000 | 89,000 | 112,000 | -959,000 | 261,000 | 109,000 | 135,477 | -404,588 | 1,275,111 |
| Creditors | -436,000 | 403,000 | 5,000 | -82,000 | -4,000 | -44,000 | -49,000 | 3,098 | -1,319,618 | 1,526,520 |
| Accruals and Deferred Income | -59,000 | -89,000 | 71,000 | 42,000 | -3,000 | -51,000 | -315,000 | -464,508 | 897,508 | 0 |
| Deferred Taxes & Provisions | 0 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 174,000 | -666,000 | -261,000 | 113 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | -194,000 | 46,000 | 454,000 | -364,000 | 267,000 | 867,000 | -274,000 | 528,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -8,000 | -7,000 | 20,000 | 30,000 | -27,007 | |||||
| cash flow from financing | 259,000 | 860,000 | -254,000 | 557,931 | -27,007 | |||||
| cash and cash equivalents | ||||||||||
| cash | -190,000 | -307,000 | 497,000 | -500,000 | 433,000 | 159,000 | -515,000 | 558,044 | -73,667 | 101,623 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -190,000 | -307,000 | 497,000 | -500,000 | 433,000 | 159,000 | -515,000 | 558,044 | -73,667 | 101,623 |
moreton smith receivables limited Credit Report and Business Information
Moreton Smith Receivables Limited Competitor Analysis
Perform a competitor analysis for moreton smith receivables limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in EC3N area or any other competitors across 12 key performance metrics.
moreton smith receivables limited Ownership
MORETON SMITH RECEIVABLES LIMITED group structure
Moreton Smith Receivables Limited has no subsidiary companies.
Ultimate parent company
2 parents
MORETON SMITH RECEIVABLES LIMITED
08486496
moreton smith receivables limited directors
Moreton Smith Receivables Limited currently has 2 directors. The longest serving directors include Mr Stephen Callaghan (May 2022) and Mr Martin Johnson (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Callaghan | United Kingdom | 63 years | May 2022 | - | Director |
| Mr Martin Johnson | United Kingdom | 51 years | Aug 2023 | - | Director |
P&L
May 2023turnover
31.5k
-97%
operating profit
-297.6k
0%
gross margin
28.3%
+73.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-717k
+0.66%
total assets
672k
-0.59%
cash
163k
-0.54%
net assets
Total assets minus all liabilities
moreton smith receivables limited company details
company number
08486496
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
84230 - Justice and judicial activities
incorporation date
April 2013
age
11
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
12th floor one america square, london, EC3N 2LS
Bank
LLOYDS TSB BANK PLC
Legal Advisor
SQUIRE PATTON BOGGS (UK) LLP
moreton smith receivables 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 7 charges/mortgages relating to moreton smith receivables limited. Currently there are 0 open charges and 7 have been satisfied in the past.
moreton smith receivables limited Companies House Filings - See Documents
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