morelife services ltd
morelife services ltd Company Information
Company Number
08582018
Website
www.morelifelondon.netRegistered Address
office 4, 219 kensington high street, london, W8 6BD
Industry
Computer consultancy activities
Telephone
02071480205
Next Accounts Due
March 2025
Group Structure
View All
Directors
Vidit Agarwal11 Years
Shareholders
vidit agarwal 100%
morelife services ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELIFE SERVICES LTD at £23.5k based on a Turnover of £45.7k and 0.52x industry multiple (adjusted for size and gross margin).
morelife services ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELIFE SERVICES LTD at £0 based on an EBITDA of £-12.7k and a 3.83x industry multiple (adjusted for size and gross margin).
morelife services ltd Estimated Valuation
Pomanda estimates the enterprise value of MORELIFE SERVICES LTD at £0 based on Net Assets of £-49.6k and 0.5x industry multiple (adjusted for liquidity).
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Morelife Services Ltd Overview
Morelife Services Ltd is a live company located in london, W8 6BD with a Companies House number of 08582018. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2013, it's largest shareholder is vidit agarwal with a 100% stake. Morelife Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £45.7k with low growth in recent years.
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Morelife Services Ltd Health Check
Pomanda's financial health check has awarded Morelife Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £45.7k, make it smaller than the average company (£908k)
- Morelife Services Ltd
£908k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.5%)
- Morelife Services Ltd
5.5% - Industry AVG
Production
with a gross margin of 26.3%, this company has a higher cost of product (48.7%)
- Morelife Services Ltd
48.7% - Industry AVG
Profitability
an operating margin of -27.9% make it less profitable than the average company (7.5%)
- Morelife Services Ltd
7.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
1 - Morelife Services Ltd
9 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has an equivalent pay structure (£53.6k)
- Morelife Services Ltd
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £45.7k, this is less efficient (£123.8k)
- Morelife Services Ltd
£123.8k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (66 days)
- Morelife Services Ltd
66 days - Industry AVG
Creditor Days
its suppliers are paid after 539 days, this is slower than average (29 days)
- Morelife Services Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morelife Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morelife Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38856.3%, this is a higher level of debt than the average (56.8%)
38856.3% - Morelife Services Ltd
56.8% - Industry AVG
MORELIFE SERVICES LTD financials
Morelife Services Ltd's latest turnover from June 2023 is estimated at £45.7 thousand and the company has net assets of -£49.6 thousand. According to their latest financial statements, Morelife Services Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 128 | 552 | 1,425 | 7,584 | 1,154 | 9,717 | 1,758 | 0 | 1 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,754 | 1,168 | 791 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 128 | 552 | 1,425 | 7,584 | 1,154 | 9,717 | 1,758 | 1,754 | 1,169 | 791 |
| total assets | 128 | 552 | 1,425 | 7,584 | 1,154 | 9,717 | 1,758 | 1,754 | 1,169 | 791 |
| 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 | 49,736 | 37,434 | 36,024 | 28,606 | 11,533 | 11,637 | 1,071 | 1,066 | 697 | 584 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 49,736 | 37,434 | 36,024 | 28,606 | 11,533 | 11,637 | 1,071 | 1,066 | 697 | 584 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 49,736 | 37,434 | 36,024 | 28,606 | 11,533 | 11,637 | 1,071 | 1,066 | 697 | 584 |
| net assets | -49,608 | -36,882 | -34,599 | -21,022 | -10,379 | -1,920 | 687 | 688 | 472 | 207 |
| total shareholders funds | -49,608 | -36,882 | -34,599 | -21,022 | -10,379 | -1,920 | 687 | 688 | 472 | 207 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -424 | -873 | -6,159 | 6,430 | -8,563 | 7,959 | 1,758 | -1 | 1 | 0 |
| Creditors | 12,302 | 1,410 | 7,418 | 17,073 | -104 | 10,566 | 5 | 369 | 113 | 584 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 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 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -1,754 | 586 | 377 | 791 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -1,754 | 586 | 377 | 791 |
morelife services ltd Credit Report and Business Information
Morelife Services Ltd Competitor Analysis
Perform a competitor analysis for morelife services ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in W 8 area or any other competitors across 12 key performance metrics.
morelife services ltd Ownership
MORELIFE SERVICES LTD group structure
Morelife Services Ltd has no subsidiary companies.
Ultimate parent company
MORELIFE SERVICES LTD
08582018
morelife services ltd directors
Morelife Services Ltd currently has 1 director, Mr Vidit Agarwal serving since Jun 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vidit Agarwal | United Kingdom | 36 years | Jun 2013 | - | Director |
P&L
June 2023turnover
45.7k
+14%
operating profit
-12.7k
0%
gross margin
26.3%
-3.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-49.6k
+0.35%
total assets
128
-0.77%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
morelife services ltd company details
company number
08582018
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
June 2013
age
11
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
morelife london ltd (November 2018)
last accounts submitted
June 2023
address
office 4, 219 kensington high street, london, W8 6BD
accountant
DNS ASSOCIATES
auditor
-
morelife services ltd 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 morelife services ltd.
morelife services ltd Companies House Filings - See Documents
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