morecambe house ltd
morecambe house ltd Company Information
Company Number
11009941
Next Accounts
Dec 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Buying and selling of own real estate
Shareholders
michael chee loke leong
Group Structure
View All
Contact
Registered Address
43 overstone road, london, W6 0AD
Website
www.corbetthouse.co.nzmorecambe house ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE HOUSE LTD at £1.4m based on a Turnover of £618.4k and 2.32x industry multiple (adjusted for size and gross margin).
morecambe house ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE HOUSE LTD at £0 based on an EBITDA of £-9.4k and a 4.68x industry multiple (adjusted for size and gross margin).
morecambe house ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE HOUSE LTD at £0 based on Net Assets of £-182k and 1.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Morecambe House Ltd Overview
Morecambe House Ltd is a live company located in london, W6 0AD with a Companies House number of 11009941. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 2017, it's largest shareholder is michael chee loke leong with a 100% stake. Morecambe House Ltd is a young, small sized company, Pomanda has estimated its turnover at £618.4k with declining growth in recent years.
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Morecambe House Ltd Health Check
Pomanda's financial health check has awarded Morecambe House Ltd a 2 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 £618.4k, make it smaller than the average company (£872.7k)
- Morecambe House Ltd
£872.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4%)
- Morecambe House Ltd
4% - Industry AVG
Production
with a gross margin of 30.4%, this company has a higher cost of product (71.4%)
- Morecambe House Ltd
71.4% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (28.8%)
- Morecambe House Ltd
28.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
- Morecambe House Ltd
4 - Industry AVG
Pay Structure
on an average salary of £35.5k, the company has an equivalent pay structure (£35.5k)
- Morecambe House Ltd
£35.5k - Industry AVG
Efficiency
resulting in sales per employee of £309.2k, this is more efficient (£190.8k)
- Morecambe House Ltd
£190.8k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (28 days)
- Morecambe House Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 803 days, this is slower than average (35 days)
- Morecambe House Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morecambe House Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morecambe House Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.2%, this is a higher level of debt than the average (62.9%)
114.2% - Morecambe House Ltd
62.9% - Industry AVG
MORECAMBE HOUSE LTD financials
Morecambe House Ltd's latest turnover from March 2024 is estimated at £618.4 thousand and the company has net assets of -£182 thousand. According to their latest financial statements, we estimate that Morecambe House Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,198,505 | 1,225,743 | 1,252,983 | 1,302,524 | 1,352,068 | 1,401,612 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,198,505 | 1,225,743 | 1,252,983 | 1,302,524 | 1,352,068 | 1,401,612 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 79,326 | 124,396 | 263,047 | 174,942 | 148,484 | 235,523 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,050 | 981 | 826 | 912 | 842 | 720 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 80,376 | 125,377 | 263,873 | 175,854 | 149,326 | 236,243 |
| total assets | 1,278,881 | 1,351,120 | 1,516,856 | 1,478,378 | 1,501,394 | 1,637,855 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 947,968 | 1,005,693 | 903,115 | 870,421 | 1,616,429 | 1,734,442 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 947,968 | 1,005,693 | 903,115 | 870,421 | 1,616,429 | 1,734,442 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 12,945 | 18,058 | 11,613 | 8,113 | 2,700 | 3,285 |
| other liabilities | 500,000 | 500,000 | 756,951 | 737,643 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 512,945 | 518,058 | 768,564 | 745,756 | 2,700 | 3,285 |
| total liabilities | 1,460,913 | 1,523,751 | 1,671,679 | 1,616,177 | 1,619,129 | 1,737,727 |
| net assets | -182,032 | -172,631 | -154,823 | -137,799 | -117,735 | -99,872 |
| total shareholders funds | -182,032 | -172,631 | -154,823 | -137,799 | -117,735 | -99,872 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -45,001 | -138,496 | 88,019 | 26,528 | -86,917 | 236,243 |
| Creditors | -57,725 | 102,578 | 32,694 | -746,008 | -118,013 | 1,734,442 |
| Accruals and Deferred Income | -5,113 | 6,445 | 3,500 | 5,413 | -585 | 3,285 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -256,951 | 19,308 | 737,643 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
morecambe house ltd Credit Report and Business Information
Morecambe House Ltd Competitor Analysis
Perform a competitor analysis for morecambe house ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W 6 area or any other competitors across 12 key performance metrics.
morecambe house ltd Ownership
MORECAMBE HOUSE LTD group structure
Morecambe House Ltd has no subsidiary companies.
Ultimate parent company
MORECAMBE HOUSE LTD
11009941
morecambe house ltd directors
Morecambe House Ltd currently has 2 directors. The longest serving directors include Mr Andrew Leong (Oct 2017) and Mr Michael Leong (Oct 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Leong | United Kingdom | 41 years | Oct 2017 | - | Director |
| Mr Michael Leong | 70 years | Oct 2017 | - | Director |
P&L
March 2024turnover
618.4k
-20%
operating profit
-9.4k
0%
gross margin
30.4%
+1.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-182k
+0.05%
total assets
1.3m
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
morecambe house ltd company details
company number
11009941
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68100 - Buying and selling of own real estate
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
corbett house ltd (May 2019)
accountant
MICHAEL LEONG & COMPANY
auditor
-
address
43 overstone road, london, W6 0AD
Bank
BARCLAYS BANK PLC
Legal Advisor
LANCANTERS
morecambe house 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 morecambe house ltd.
morecambe house ltd 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.
Click to start generating capital raising & share issue transactions for MORECAMBE HOUSE LTD. This can take several minutes, an email will notify you when this has completed.
morecambe house ltd Companies House Filings - See Documents
| date | description | view/download |
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