Pomanda estimates the enterprise value of MORHOMES PLC at £16m based on a Turnover of £18m and 0.89x industry multiple (adjusted for size and gross margin).
morhomes plcEstimated Valuation
£199.5m
Pomanda estimates the enterprise value of MORHOMES PLC at £199.5m based on an EBITDA of £61.9m and a 3.22x industry multiple (adjusted for size and gross margin).
morhomes plcEstimated Valuation
£6m
Pomanda estimates the enterprise value of MORHOMES PLC at £6m based on Net Assets of £4.9m and 1.23x industry multiple (adjusted for liquidity).
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Morhomes PlcOverview
Morhomes Plc is a live company located in cambridge, CB4 2HY with a Companies House number of 10974098. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in September 2017, it's largest shareholder is
local space limited
with a 8.7% stake. Morhomes Plc is a young,
mid sized company, Pomanda has estimated its turnover at
£18m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Morhomes Plc 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
Health Rating5out of 5
6 Strong
0 Regular
4 Weak
Size
annual sales of £18m, make it larger than the average company (£5.1m)
£18m - Morhomes Plc
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.8%)
10% - Morhomes Plc
6.8% - Industry AVG
Production
with a gross margin of 4.3%, this company has a higher cost of product (56.1%)
4.3% - Morhomes Plc
56.1% - Industry AVG
Profitability
an operating margin of 343.2% make it more profitable than the average company (9.4%)
343.2% - Morhomes Plc
9.4% - Industry AVG
Employees
with 9 employees, this is below the industry average (12)
9 - Morhomes Plc
12 - Industry AVG
Pay Structure
on an average salary of £42k, the company has a lower pay structure (£79.4k)
£42k - Morhomes Plc
£79.4k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£213.2k)
£2m - Morhomes Plc
£213.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Morhomes Plc
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (41 days)
0 days - Morhomes Plc
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morhomes Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 46 weeks, this is more cash available to meet short term requirements (28 weeks)
46 weeks - Morhomes Plc
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.1%, this is a higher level of debt than the average (69.3%)
99.1% - Morhomes Plc
69.3% - Industry AVG
MORHOMES PLC financials
EXPORT
Morhomes Plc's latest turnover from March 2024 is £18 million and the company has net assets of £4.9 million. According to their latest financial statements, Morhomes Plc has 9 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Feb 2018
Turnover
18,041,000
18,391,000
16,504,000
13,474,000
10,410,000
1,055,000
Other Income Or Grants
Cost Of Sales
17,273,000
17,669,000
15,914,000
13,033,000
10,052,000
1,058,000
Gross Profit
768,000
722,000
590,000
441,000
358,000
-3,000
Admin Expenses
-61,144,531
-55,047,923
-33,397,239
-23,425,693
-17,015,229
-7,995,020
Operating Profit
61,912,531
55,769,923
33,987,239
23,866,693
17,373,229
7,992,020
Interest Payable
Interest Receivable
Pre-Tax Profit
1,436,000
-129,000
-251,000
-211,000
-163,000
-880,000
Tax
-359,000
32,000
138,000
40,000
47,000
150,000
Profit After Tax
1,077,000
-97,000
-113,000
-171,000
-116,000
-730,000
Dividends Paid
Retained Profit
1,077,000
-97,000
-113,000
-171,000
-116,000
-730,000
Employee Costs
378,000
543,000
608,000
524,000
360,000
459,000
Number Of Employees
9
11
15
14
13
11
EBITDA*
61,913,531
55,771,923
33,988,239
23,868,693
17,375,229
7,993,020
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Feb 2018
Tangible Assets
523,950,000
556,130,000
538,060,000
472,510,000
314,304,000
258,105,000
Intangible Assets
Investments & Other
523,948,000
556,127,000
537,681,000
472,506,000
314,301,000
258,102,000
Debtors (Due After 1 year)
375,000
Total Fixed Assets
523,950,000
556,130,000
538,060,000
472,510,000
314,304,000
258,105,000
Stock & work in progress
Trade Debtors
10,000
5,000
10,000
53,000
3,000
Group Debtors
Misc Debtors
463,000
265,000
69,000
490,000
547,000
278,000
Cash
2,070,000
2,845,000
2,875,000
3,034,000
1,903,000
2,347,000
misc current assets
3,300,000
518,000
1,186,000
1,650,000
1,335,000
1,055,000
total current assets
5,881,000
4,045,000
4,135,000
5,184,000
3,838,000
3,683,000
total assets
529,831,000
560,175,000
542,195,000
477,694,000
318,142,000
261,788,000
Bank overdraft
Bank loan
Trade Creditors
18,000
57,000
65,000
120,000
66,000
36,000
Group/Directors Accounts
other short term finances
1,423,000
1,613,000
1,231,000
1,029,000
hp & lease commitments
other current liabilities
2,322,000
1,476,000
717,000
697,000
534,000
560,000
total current liabilities
2,340,000
1,533,000
2,205,000
2,430,000
1,831,000
1,625,000
loans
522,602,000
554,830,000
536,205,000
471,793,000
313,565,000
257,662,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
522,602,000
554,830,000
536,205,000
471,793,000
313,565,000
257,662,000
total liabilities
524,942,000
556,363,000
538,410,000
474,223,000
315,396,000
259,287,000
net assets
4,889,000
3,812,000
3,785,000
3,471,000
2,746,000
2,501,000
total shareholders funds
4,889,000
3,812,000
3,785,000
3,471,000
2,746,000
2,501,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Feb 2018
Operating Activities
Operating Profit
61,912,531
55,769,923
33,987,239
23,866,693
17,373,229
7,992,020
Depreciation
1,000
2,000
1,000
2,000
2,000
1,000
Amortisation
Tax
-359,000
32,000
138,000
40,000
47,000
150,000
Stock
Debtors
188,000
-174,000
-51,000
-100,000
319,000
281,000
Creditors
-39,000
-8,000
-55,000
54,000
30,000
36,000
Accruals and Deferred Income
846,000
759,000
20,000
163,000
-26,000
560,000
Deferred Taxes & Provisions
Cash flow from operations
62,173,531
56,728,923
34,142,239
24,225,693
17,107,229
8,458,020
Investing Activities
capital expenditure
32,179,000
-18,072,000
-65,551,000
-158,208,000
-56,201,000
-258,106,000
Change in Investments
-32,179,000
18,446,000
65,175,000
158,205,000
56,199,000
258,102,000
cash flow from investments
64,358,000
-36,518,000
-130,726,000
-316,413,000
-112,400,000
-516,208,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-1,423,000
-190,000
382,000
202,000
1,029,000
Long term loans
-32,228,000
18,625,000
64,412,000
158,228,000
55,903,000
257,662,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
124,000
427,000
896,000
361,000
3,231,000
interest
cash flow from financing
-32,228,000
17,326,000
64,649,000
159,506,000
56,466,000
261,922,000
cash and cash equivalents
cash
-775,000
-30,000
-159,000
1,131,000
-444,000
2,347,000
overdraft
change in cash
-775,000
-30,000
-159,000
1,131,000
-444,000
2,347,000
morhomes plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for morhomes plc. Get real-time insights into morhomes plc's credit score, group structure and payment trends.
Perform a competitor analysis for morhomes plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in CB4 area or any other competitors across 12 key performance metrics.
morhomes plc Ownership
MORHOMES PLC group structure
Morhomes Plc has no subsidiary companies.
Ultimate parent company
MORHOMES PLC
10974098
MORHOMES PLC Shareholders
The largest shareholders in Morhomes Plc include Local Space Limited and Pobl Group Limited.
local space limited
8.74%
pobl group limited
7.12%
east midlands housing group ltd
6.71%
south yorkshire housing association limited
5.5%
aster communities
4.85%
a2dominion south limited
4.85%
wandle housing association limited
3.56%
melin homes limited
3.48%
eastlight community homes limited
3.07%
origin housing limited
3.07%
morhomes plc directors
Morhomes Plc currently has 5 directors.
The longest serving directors include
Mr Malcolm Cooper (Mar 2018) and
Mrs Geraldine Howley (Apr 2021).
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
morhomes limited (June 2018)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
future business centre, kings hedges road, cambridge, CB4 2HY
Bank
-
Legal Advisor
-
morhomes plc 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 morhomes plc.
morhomes plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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morhomes plcCompanies House Filings - See Documents
