morris topco limited
morris topco limited Company Information
Company Number
13192303
Next Accounts
Jun 2025
Shareholders
fpe ii general partner llp
jeremy bucknell
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
2 nuffield road, nuffield industrial estate, poole, BH17 0RB
Website
-morris topco limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS TOPCO LIMITED at £62.8m based on a Turnover of £32.9m and 1.91x industry multiple (adjusted for size and gross margin).
morris topco limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS TOPCO LIMITED at £29.1m based on an EBITDA of £3.7m and a 7.97x industry multiple (adjusted for size and gross margin).
morris topco limited Estimated Valuation
Pomanda estimates the enterprise value of MORRIS TOPCO LIMITED at £0 based on Net Assets of £-7.4m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Morris Topco Limited Overview
Morris Topco Limited is a live company located in poole, BH17 0RB with a Companies House number of 13192303. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2021, it's largest shareholder is fpe ii general partner llp with a 49.1% stake. Morris Topco Limited is a startup, large sized company, Pomanda has estimated its turnover at £32.9m with unknown growth in recent years.
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Morris Topco Limited Health Check
Pomanda's financial health check has awarded Morris Topco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £32.9m, make it larger than the average company (£18.9m)
£32.9m - Morris Topco Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Morris Topco Limited
- - Industry AVG
Production
with a gross margin of 33.8%, this company has a comparable cost of product (34.6%)
33.8% - Morris Topco Limited
34.6% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (4.7%)
-0.2% - Morris Topco Limited
4.7% - Industry AVG
Employees
with 246 employees, this is above the industry average (102)
246 - Morris Topco Limited
102 - Industry AVG
Pay Structure
on an average salary of £62.1k, the company has a higher pay structure (£42.8k)
£62.1k - Morris Topco Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £133.8k, this is less efficient (£186.2k)
£133.8k - Morris Topco Limited
£186.2k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (45 days)
74 days - Morris Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (45 days)
18 days - Morris Topco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morris Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)
19 weeks - Morris Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 116.8%, this is a higher level of debt than the average (68.9%)
116.8% - Morris Topco Limited
68.9% - Industry AVG
MORRIS TOPCO LIMITED financials
Morris Topco Limited's latest turnover from September 2023 is £32.9 million and the company has net assets of -£7.4 million. According to their latest financial statements, Morris Topco Limited has 246 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Turnover | 32,922,028 | 21,683,304 | 8,039,514 |
| Other Income Or Grants | |||
| Cost Of Sales | 21,811,144 | 15,646,747 | 5,099,409 |
| Gross Profit | 11,110,884 | 6,036,557 | 2,940,105 |
| Admin Expenses | 11,180,958 | 6,348,886 | 2,974,556 |
| Operating Profit | -70,074 | -312,329 | -34,451 |
| Interest Payable | 3,132,256 | 2,249,938 | 1,005,712 |
| Interest Receivable | 21,007 | 4,226 | 184 |
| Pre-Tax Profit | -3,181,323 | -2,558,041 | -1,039,979 |
| Tax | -710,565 | -289,204 | 2,114 |
| Profit After Tax | -3,891,888 | -2,847,245 | -1,037,865 |
| Dividends Paid | |||
| Retained Profit | -3,891,888 | -2,847,245 | -1,037,865 |
| Employee Costs | 15,265,894 | 10,916,036 | 4,288,780 |
| Number Of Employees | 246 | 183 | 128 |
| EBITDA* | 3,652,613 | 2,587,846 | 1,406,551 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Tangible Assets | 2,617,282 | 2,694,677 | 2,635,657 |
| Intangible Assets | 27,838,162 | 29,730,963 | 20,786,283 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 30,455,444 | 32,425,640 | 23,421,940 |
| Stock & work in progress | |||
| Trade Debtors | 6,721,588 | 4,903,765 | 1,461,155 |
| Group Debtors | |||
| Misc Debtors | 1,075,231 | 529,577 | 183,286 |
| Cash | 6,084,658 | 5,106,560 | 3,516,485 |
| misc current assets | |||
| total current assets | 13,881,477 | 10,539,902 | 5,160,926 |
| total assets | 44,336,921 | 42,965,542 | 28,582,866 |
| Bank overdraft | 229,632 | 161,193 | |
| Bank loan | 66,525 | ||
| Trade Creditors | 1,131,662 | 911,016 | 539,327 |
| Group/Directors Accounts | |||
| other short term finances | 3,210,000 | ||
| hp & lease commitments | 7,216 | 13,838 | |
| other current liabilities | 11,901,260 | 9,153,404 | 5,651,543 |
| total current liabilities | 16,309,447 | 10,301,268 | 6,365,901 |
| loans | 35,307,383 | 36,222,144 | 23,013,570 |
| hp & lease commitments | 7,216 | ||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 151,495 | 128,229 | 72,365 |
| total long term liabilities | 35,458,878 | 36,350,373 | 23,093,151 |
| total liabilities | 51,768,325 | 46,651,641 | 29,459,052 |
| net assets | -7,431,404 | -3,686,099 | -876,186 |
| total shareholders funds | -7,431,404 | -3,686,099 | -876,186 |
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -70,074 | -312,329 | -34,451 |
| Depreciation | 208,862 | 200,354 | 128,275 |
| Amortisation | 3,513,825 | 2,699,821 | 1,312,727 |
| Tax | -710,565 | -289,204 | 2,114 |
| Stock | |||
| Debtors | 2,363,477 | 3,788,901 | 1,644,441 |
| Creditors | 220,646 | 371,689 | 539,327 |
| Accruals and Deferred Income | 2,747,856 | 3,501,861 | 5,651,543 |
| Deferred Taxes & Provisions | 23,266 | 55,864 | 72,365 |
| Cash flow from operations | 3,570,339 | 2,439,155 | 6,027,459 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 66,525 | ||
| Group/Directors Accounts | |||
| Other Short Term Loans | 3,210,000 | ||
| Long term loans | -914,761 | 13,208,574 | 23,013,570 |
| Hire Purchase and Lease Commitments | -7,216 | -13,838 | 21,054 |
| other long term liabilities | |||
| share issue | |||
| interest | -3,111,249 | -2,245,712 | -1,005,528 |
| cash flow from financing | -610,118 | 10,986,356 | 22,190,775 |
| cash and cash equivalents | |||
| cash | 978,098 | 1,590,075 | 3,516,485 |
| overdraft | -229,632 | 68,439 | 161,193 |
| change in cash | 1,207,730 | 1,521,636 | 3,355,292 |
morris topco limited Credit Report and Business Information
Morris Topco Limited Competitor Analysis
Perform a competitor analysis for morris topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in BH17 area or any other competitors across 12 key performance metrics.
morris topco limited Ownership
MORRIS TOPCO LIMITED group structure
Morris Topco Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MORRIS TOPCO LIMITED
13192303
1 subsidiary
morris topco limited directors
Morris Topco Limited currently has 6 directors. The longest serving directors include Mr Henry Sallitt (Feb 2021) and Mr Christopher Kay (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Henry Sallitt | England | 62 years | Feb 2021 | - | Director |
| Mr Christopher Kay | United Kingdom | 34 years | Feb 2021 | - | Director |
| Mr Jeremy Bucknell | England | 53 years | Mar 2021 | - | Director |
| Mr Don Grantham | England | 68 years | Mar 2022 | - | Director |
| Mr Darryl Sackett | England | 41 years | Oct 2023 | - | Director |
| Mr William Etchell | 53 years | Nov 2024 | - | Director |
P&L
September 2023turnover
32.9m
+52%
operating profit
-70.1k
-78%
gross margin
33.8%
+21.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-7.4m
+1.02%
total assets
44.3m
+0.03%
cash
6.1m
+0.19%
net assets
Total assets minus all liabilities
Similar Companies
morris topco limited company details
company number
13192303
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
AZETS AUDIT SERVICES
address
2 nuffield road, nuffield industrial estate, poole, BH17 0RB
Bank
-
Legal Advisor
-
morris topco 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 found 1 charges/mortgages relating to morris topco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
morris topco limited 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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morris topco limited Companies House Filings - See Documents
| date | description | view/download |
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