Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1
Registered Address
35 high street uppermill, oldham, lancashire, OL3 6HS
Website
-
morningside properties ltdEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of MORNINGSIDE PROPERTIES LTD at £1.2m based on a Turnover of £372.7k and 3.19x industry multiple (adjusted for size and gross margin).
morningside properties ltdEstimated Valuation
£535.3k
Pomanda estimates the enterprise value of MORNINGSIDE PROPERTIES LTD at £535.3k based on an EBITDA of £82.1k and a 6.52x industry multiple (adjusted for size and gross margin).
morningside properties ltdEstimated Valuation
£59.6k
Pomanda estimates the enterprise value of MORNINGSIDE PROPERTIES LTD at £59.6k based on Net Assets of £35.9k and 1.66x industry multiple (adjusted for liquidity).
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Morningside Properties LtdOverview
Morningside Properties Ltd is a live company located in lancashire, OL3 6HS with a Companies House number of 12628237. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2020, it's largest shareholder is
oliver gill
with a 50% stake. Morningside Properties Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£372.7k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Morningside Properties Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
3 Regular
5 Weak
Size
annual sales of £372.7k, make it smaller than the average company (£865.9k)
£372.7k - Morningside Properties Ltd
£865.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (4%)
5% - Morningside Properties Ltd
4% - Industry AVG
Production
with a gross margin of 71.5%, this company has a comparable cost of product (71.5%)
71.5% - Morningside Properties Ltd
71.5% - Industry AVG
Profitability
an operating margin of 22% make it less profitable than the average company (27.9%)
22% - Morningside Properties Ltd
27.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Morningside Properties Ltd
4 - Industry AVG
Pay Structure
on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)
£35.4k - Morningside Properties Ltd
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £186.4k, this is equally as efficient (£186.4k)
£186.4k - Morningside Properties Ltd
£186.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Morningside Properties Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Morningside Properties Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morningside Properties Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Morningside Properties Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.7%, this is a higher level of debt than the average (63.9%)
95.7% - Morningside Properties Ltd
63.9% - Industry AVG
MORNINGSIDE PROPERTIES LTD financials
EXPORT
Morningside Properties Ltd's latest turnover from March 2024 is estimated at £372.7 thousand and the company has net assets of £35.9 thousand. According to their latest financial statements, Morningside Properties Ltd has 2 employees and maintains cash reserves of £3.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
May 2021
Turnover
372,700
367,999
349,722
323,113
Other Income Or Grants
Cost Of Sales
106,283
108,083
103,592
98,647
Gross Profit
266,417
259,917
246,130
224,466
Admin Expenses
184,271
202,170
230,466
230,002
Operating Profit
82,146
57,747
15,664
-5,536
Interest Payable
57,887
36,951
7,792
904
Interest Receivable
179
641
107
1
Pre-Tax Profit
24,437
21,437
7,979
-6,439
Tax
-6,109
-4,073
-1,516
Profit After Tax
18,328
17,364
6,463
-6,439
Dividends Paid
Retained Profit
18,328
17,364
6,463
-6,439
Employee Costs
70,758
66,419
66,349
62,380
Number Of Employees
2
2
2
2
EBITDA*
82,146
57,747
15,664
-5,536
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
May 2021
Tangible Assets
836,495
836,495
730,124
532,123
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
836,495
836,495
730,124
532,123
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
380
60,000
Cash
3,325
3,486
26,658
1,847
misc current assets
total current assets
3,705
3,486
86,658
1,847
total assets
840,200
839,981
816,782
533,970
Bank overdraft
201,250
29,624
Bank loan
11,000
10,500
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
294,912
302,657
166,821
167,985
total current liabilities
305,912
313,157
368,071
197,609
loans
498,372
509,236
hp & lease commitments
Accruals and Deferred Income
other liabilities
448,487
342,700
provisions
total long term liabilities
498,372
509,236
448,487
342,700
total liabilities
804,284
822,393
816,558
540,309
net assets
35,916
17,588
224
-6,339
total shareholders funds
35,916
17,588
224
-6,339
Mar 2024
Mar 2023
Mar 2022
May 2021
Operating Activities
Operating Profit
82,146
57,747
15,664
-5,536
Depreciation
Amortisation
Tax
-6,109
-4,073
-1,516
Stock
Debtors
380
-60,000
60,000
Creditors
Accruals and Deferred Income
-7,745
135,836
-1,164
167,985
Deferred Taxes & Provisions
Cash flow from operations
67,912
249,510
-47,016
162,449
Investing Activities
capital expenditure
-106,371
-198,001
-532,123
Change in Investments
cash flow from investments
-106,371
-198,001
-532,123
Financing Activities
Bank loans
500
10,500
Group/Directors Accounts
Other Short Term Loans
Long term loans
-10,864
509,236
Hire Purchase and Lease Commitments
other long term liabilities
-448,487
105,787
342,700
share issue
100
100
interest
-57,708
-36,310
-7,685
-903
cash flow from financing
-68,072
34,939
98,202
341,897
cash and cash equivalents
cash
-161
-23,172
24,811
1,847
overdraft
-201,250
171,626
29,624
change in cash
-161
178,078
-146,815
-27,777
morningside properties ltd 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 morningside properties ltd. Get real-time insights into morningside properties ltd's credit score, group structure and payment trends.
Perform a competitor analysis for morningside properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in OL3 area or any other competitors across 12 key performance metrics.
morningside properties ltd Ownership
MORNINGSIDE PROPERTIES LTD group structure
Morningside Properties Ltd has no subsidiary companies.
Ultimate parent company
MORNINGSIDE PROPERTIES LTD
12628237
MORNINGSIDE PROPERTIES LTD Shareholders
The largest shareholders in Morningside Properties Ltd include Oliver Gill and Danielle Kirkham-Gill.
oliver gill
50%
danielle kirkham-gill
50%
morningside properties ltd directors
Morningside Properties Ltd currently has 2 directors.
The longest serving directors include
Mr Oliver Gill (May 2020) and
Mrs Danielle Kirkham-Gill (May 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
35.9k
+1.04%
total assets
840.2k
0%
cash
3.3k
-0.05%
net assets
Total assets minus all liabilities
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morningside properties ltd company details
company number
12628237
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
May 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
35 high street uppermill, oldham, lancashire, OL3 6HS
Bank
-
Legal Advisor
-
morningside properties 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 found 4 charges/mortgages relating to morningside properties ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
morningside properties 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.
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morningside properties ltdCompanies House Filings - See Documents
