mortons jewellers limited
mortons jewellers limited Company Information
Company Number
09040053
Website
mortonsjewellers.co.ukRegistered Address
79 high street, poole, dorset, BH15 1AH
Industry
Retail sale of watches and jewellery in specialised stores
Telephone
01202669563
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
jonathan anthony lloyd maidment 50%
sally ann maidment 50%
mortons jewellers limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS JEWELLERS LIMITED at £410.2k based on a Turnover of £1m and 0.4x industry multiple (adjusted for size and gross margin).
mortons jewellers limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS JEWELLERS LIMITED at £1.1m based on an EBITDA of £332.9k and a 3.36x industry multiple (adjusted for size and gross margin).
mortons jewellers limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS JEWELLERS LIMITED at £2m based on Net Assets of £653.6k and 3.02x industry multiple (adjusted for liquidity).
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Mortons Jewellers Limited Overview
Mortons Jewellers Limited is a live company located in dorset, BH15 1AH with a Companies House number of 09040053. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in May 2014, it's largest shareholder is jonathan anthony lloyd maidment with a 50% stake. Mortons Jewellers Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with high growth in recent years.
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Mortons Jewellers Limited Health Check
Pomanda's financial health check has awarded Mortons Jewellers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £1m, make it smaller than the average company (£6.9m)
- Mortons Jewellers Limited
£6.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (11.6%)
- Mortons Jewellers Limited
11.6% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
- Mortons Jewellers Limited
35.1% - Industry AVG
Profitability
an operating margin of 29.5% make it more profitable than the average company (9%)
- Mortons Jewellers Limited
9% - Industry AVG
Employees
with 5 employees, this is below the industry average (20)
5 - Mortons Jewellers Limited
20 - Industry AVG
Pay Structure
on an average salary of £29.7k, the company has an equivalent pay structure (£29.7k)
- Mortons Jewellers Limited
£29.7k - Industry AVG
Efficiency
resulting in sales per employee of £205.6k, this is equally as efficient (£202.5k)
- Mortons Jewellers Limited
£202.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mortons Jewellers Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mortons Jewellers Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 462 days, this is more than average (190 days)
- Mortons Jewellers Limited
190 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 74 weeks, this is more cash available to meet short term requirements (22 weeks)
74 weeks - Mortons Jewellers Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (55.7%)
41.7% - Mortons Jewellers Limited
55.7% - Industry AVG
MORTONS JEWELLERS LIMITED financials
Mortons Jewellers Limited's latest turnover from January 2023 is estimated at £1 million and the company has net assets of £653.6 thousand. According to their latest financial statements, Mortons Jewellers Limited has 5 employees and maintains cash reserves of £173 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 5 | 6 | 7 | 7 | 6 | 6 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 98,807 | 126,514 | 26,168 | 21,636 | 15,561 | 5,907 | 6,617 | 7,785 | 8,177 |
| Intangible Assets | 0 | 0 | 0 | 0 | 15,000 | 45,000 | 75,000 | 105,000 | 135,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 98,807 | 126,514 | 26,168 | 21,636 | 30,561 | 50,907 | 81,617 | 112,785 | 143,177 |
| Stock & work in progress | 845,590 | 698,211 | 593,805 | 637,524 | 613,674 | 573,963 | 585,435 | 575,713 | 567,709 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,177 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,297 | 3,301 | 4,964 | 4,996 | 5,970 | 5,857 | 5,782 | 4,715 | 0 |
| Cash | 173,011 | 136,521 | 127,897 | 79,758 | 57,887 | 77,414 | 86,430 | 53,748 | 26,524 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,021,898 | 838,033 | 726,666 | 722,278 | 677,531 | 657,234 | 677,647 | 634,176 | 597,410 |
| total assets | 1,120,705 | 964,547 | 752,834 | 743,914 | 708,092 | 708,141 | 759,264 | 746,961 | 740,587 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,840 | 10,020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,183 | 1,758 | 516 | 4,372 | 1,292 | 5,958 | 5,270 | 161,409 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 111,625 | 135,857 | 68,072 | 70,761 | 76,651 | 96,244 | 133,116 | 143,246 | 0 |
| total current liabilities | 121,465 | 148,060 | 69,830 | 71,277 | 81,023 | 97,536 | 139,074 | 148,516 | 161,409 |
| loans | 326,827 | 361,647 | 490,000 | 575,000 | 575,000 | 575,000 | 575,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 575,000 | 575,000 |
| provisions | 18,773 | 24,038 | 4,792 | 3,891 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 345,600 | 385,685 | 494,792 | 578,891 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 |
| total liabilities | 467,065 | 533,745 | 564,622 | 650,168 | 656,023 | 672,536 | 714,074 | 723,516 | 736,409 |
| net assets | 653,640 | 430,802 | 188,212 | 93,746 | 52,069 | 35,605 | 45,190 | 23,445 | 4,178 |
| total shareholders funds | 653,640 | 430,802 | 188,212 | 93,746 | 52,069 | 35,605 | 45,190 | 23,445 | 4,178 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 29,557 | 11,014 | 4,617 | 3,818 | 2,746 | 1,042 | 1,168 | 1,374 | 663 |
| Amortisation | 0 | 0 | 0 | 15,000 | 30,000 | 30,000 | 30,000 | 30,000 | 15,000 |
| Tax | |||||||||
| Stock | 147,379 | 104,406 | -43,719 | 23,850 | 39,711 | -11,472 | 9,722 | 8,004 | 567,709 |
| Debtors | -4 | -1,663 | -32 | -974 | 113 | 75 | 1,067 | 1,538 | 3,177 |
| Creditors | -2,183 | 425 | 1,242 | -3,856 | 3,080 | -4,666 | 688 | -156,139 | 161,409 |
| Accruals and Deferred Income | -24,232 | 67,785 | -2,689 | -5,890 | -19,593 | -36,872 | -10,130 | 143,246 | 0 |
| Deferred Taxes & Provisions | -5,265 | 19,246 | 901 | 3,891 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -180 | 10,020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -34,820 | -128,353 | -85,000 | 0 | 0 | 0 | 575,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -575,000 | 0 | 575,000 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 36,490 | 8,624 | 48,139 | 21,871 | -19,527 | -9,016 | 32,682 | 27,224 | 26,524 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 36,490 | 8,624 | 48,139 | 21,871 | -19,527 | -9,016 | 32,682 | 27,224 | 26,524 |
mortons jewellers limited Credit Report and Business Information
Mortons Jewellers Limited Competitor Analysis
Perform a competitor analysis for mortons jewellers limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BH15 area or any other competitors across 12 key performance metrics.
mortons jewellers limited Ownership
MORTONS JEWELLERS LIMITED group structure
Mortons Jewellers Limited has no subsidiary companies.
Ultimate parent company
MORTONS JEWELLERS LIMITED
09040053
mortons jewellers limited directors
Mortons Jewellers Limited currently has 2 directors. The longest serving directors include Mr Jonathan Maidment (May 2014) and Mrs Sally Maidment (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Maidment | England | 57 years | May 2014 | - | Director |
| Mrs Sally Maidment | United Kingdom | 51 years | May 2014 | - | Director |
P&L
January 2023turnover
1m
+99%
operating profit
303.3k
0%
gross margin
35.2%
-2.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
653.6k
+0.52%
total assets
1.1m
+0.16%
cash
173k
+0.27%
net assets
Total assets minus all liabilities
mortons jewellers limited company details
company number
09040053
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
May 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
79 high street, poole, dorset, BH15 1AH
accountant
BRETT PITTWOOD
auditor
-
mortons jewellers 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 mortons jewellers limited.
mortons jewellers limited Companies House Filings - See Documents
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