morsol limited
morsol limited Company Information
Company Number
08958358
Next Accounts
Sep 2025
Industry
Production of electricity
Shareholders
clean earth energy investments ltd
i & s newsol limited
View AllGroup Structure
View All
Contact
Registered Address
2a bess park road, trenant industrial estate, wadebridge, PL27 6HB
Website
http://cleanearthenergy.commorsol limited Estimated Valuation
Pomanda estimates the enterprise value of MORSOL LIMITED at £15.5m based on a Turnover of £9.8m and 1.58x industry multiple (adjusted for size and gross margin).
morsol limited Estimated Valuation
Pomanda estimates the enterprise value of MORSOL LIMITED at £1.1m based on an EBITDA of £228.5k and a 4.66x industry multiple (adjusted for size and gross margin).
morsol limited Estimated Valuation
Pomanda estimates the enterprise value of MORSOL LIMITED at £11.2m based on Net Assets of £3.9m and 2.84x industry multiple (adjusted for liquidity).
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Morsol Limited Overview
Morsol Limited is a live company located in wadebridge, PL27 6HB with a Companies House number of 08958358. It operates in the production of electricity sector, SIC Code 35110. Founded in March 2014, it's largest shareholder is clean earth energy investments ltd with a 70.7% stake. Morsol Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.8m with high growth in recent years.
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Morsol Limited Health Check
Pomanda's financial health check has awarded Morsol Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £9.8m, make it larger than the average company (£1.7m)
- Morsol Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (11%)
- Morsol Limited
11% - Industry AVG
Production
with a gross margin of 51.7%, this company has a higher cost of product (72.7%)
- Morsol Limited
72.7% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (51.6%)
- Morsol Limited
51.6% - Industry AVG
Employees
with 7 employees, this is above the industry average (2)
- Morsol Limited
2 - Industry AVG
Pay Structure
on an average salary of £77.8k, the company has an equivalent pay structure (£77.8k)
- Morsol Limited
£77.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£477.5k)
- Morsol Limited
£477.5k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (16 days)
- Morsol Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (21 days)
- Morsol Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morsol Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (9 weeks)
54 weeks - Morsol Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6%, this is a lower level of debt than the average (89.7%)
6% - Morsol Limited
89.7% - Industry AVG
MORSOL LIMITED financials
Morsol Limited's latest turnover from December 2023 is estimated at £9.8 million and the company has net assets of £3.9 million. According to their latest financial statements, we estimate that Morsol Limited has 7 employees and maintains cash reserves of £170.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | |||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | -20,411 | |||||||||
| Interest Payable | 3,774 | |||||||||
| Interest Receivable | 0 | |||||||||
| Pre-Tax Profit | -24,185 | |||||||||
| Tax | 0 | |||||||||
| Profit After Tax | -24,185 | |||||||||
| Dividends Paid | 0 | |||||||||
| Retained Profit | -24,185 | |||||||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* | -20,411 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,609,107 | 2,842,292 | 3,075,476 | 3,308,660 | 3,541,844 | 3,775,029 | 4,008,213 | 4,241,397 | 4,474,582 | 4,044,711 |
| 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 | 2,609,107 | 2,842,292 | 3,075,476 | 3,308,660 | 3,541,844 | 3,775,029 | 4,008,213 | 4,241,397 | 4,474,582 | 4,044,711 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,409,511 | 1,322,123 | 1,034,464 | 789,228 | 511,230 | 60,936 | 58,318 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 166,482 | 216,386 | 199,744 | 139,853 | 110,449 |
| Cash | 170,373 | 85,632 | 109,864 | 18,594 | 14,151 | 417,511 | 49,273 | 87,638 | 192,428 | 485,735 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,579,884 | 1,407,755 | 1,144,328 | 807,822 | 525,381 | 644,929 | 323,977 | 287,382 | 332,281 | 596,184 |
| total assets | 4,188,991 | 4,250,047 | 4,219,804 | 4,116,482 | 4,067,225 | 4,419,958 | 4,332,190 | 4,528,779 | 4,806,863 | 4,640,895 |
| 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 | 162,914 | 199,996 | 108,554 | 50,331 | 62,583 | 0 | 91,629 | 235,158 | 318,626 | 98,306 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,181 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 623,000 | 623,000 | 623,000 | 601,593 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 677,490 | 20,311 | 18,613 | 86,386 | 3,000 |
| total current liabilities | 162,914 | 199,996 | 108,554 | 50,331 | 62,583 | 677,490 | 734,940 | 876,771 | 1,028,012 | 728,080 |
| 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 | 86,760 | 112,261 | 170,795 | 128,983 | 61,112 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 86,760 | 112,261 | 170,795 | 128,983 | 61,112 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 249,674 | 312,257 | 279,349 | 179,314 | 123,695 | 677,490 | 734,940 | 876,771 | 1,028,012 | 728,080 |
| net assets | 3,939,317 | 3,937,790 | 3,940,455 | 3,937,168 | 3,943,530 | 3,742,468 | 3,597,250 | 3,652,008 | 3,778,851 | 3,912,815 |
| total shareholders funds | 3,939,317 | 3,937,790 | 3,940,455 | 3,937,168 | 3,943,530 | 3,742,468 | 3,597,250 | 3,652,008 | 3,778,851 | 3,912,815 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -20,411 | |||||||||
| Depreciation | 233,185 | 233,184 | 233,184 | 233,184 | 233,185 | 233,184 | 233,184 | 233,184 | 189,103 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 87,388 | 287,659 | 245,236 | 277,998 | 283,812 | -47,286 | 74,960 | 59,891 | 29,404 | 110,449 |
| Creditors | -37,082 | 91,442 | 58,223 | -12,252 | 62,583 | -91,629 | -143,529 | -83,468 | 220,320 | 98,306 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -677,490 | 657,179 | 1,698 | -67,773 | 83,386 | 3,000 |
| Deferred Taxes & Provisions | -25,501 | -58,534 | 41,812 | 67,871 | 61,112 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -29,554 | |||||||||
| 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 | -25,181 | 25,181 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -623,000 | 0 | 0 | 21,407 | 601,593 |
| 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 | -3,774 | |||||||||
| cash flow from financing | 4,560,000 | |||||||||
| cash and cash equivalents | ||||||||||
| cash | 84,741 | -24,232 | 91,270 | 4,443 | -403,360 | 368,238 | -38,365 | -104,790 | -293,307 | 485,735 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 84,741 | -24,232 | 91,270 | 4,443 | -403,360 | 368,238 | -38,365 | -104,790 | -293,307 | 485,735 |
morsol limited Credit Report and Business Information
Morsol Limited Competitor Analysis
Perform a competitor analysis for morsol limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in PL27 area or any other competitors across 12 key performance metrics.
morsol limited Ownership
MORSOL LIMITED group structure
Morsol Limited has no subsidiary companies.
Ultimate parent company
1 parent
MORSOL LIMITED
08958358
morsol limited directors
Morsol Limited currently has 3 directors. The longest serving directors include Mr Sean Notley (Sep 2018) and Mr Ian Notley (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Notley | England | 61 years | Sep 2018 | - | Director |
| Mr Ian Notley | England | 59 years | Oct 2018 | - | Director |
| Mr Guy Pigache | 64 years | Oct 2018 | - | Director |
P&L
December 2023turnover
9.8m
+3%
operating profit
-4.7k
0%
gross margin
51.8%
+10.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.9m
0%
total assets
4.2m
-0.01%
cash
170.4k
+0.99%
net assets
Total assets minus all liabilities
morsol limited company details
company number
08958358
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
2a bess park road, trenant industrial estate, wadebridge, PL27 6HB
Bank
HANDELSBANKEN
Legal Advisor
-
morsol 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 morsol limited.
morsol limited Companies House Filings - See Documents
| date | description | view/download |
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