morrison sports ltd
morrison sports ltd Company Information
Company Number
SC087876
Website
morrisonsports.co.ukRegistered Address
4/2, 100 west regent street, glasgow, G2 2QD
Industry
Retail sale of footwear in specialised stores
Retail sale of sporting equipment in specialised stores
Telephone
01418839880
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
norman morrison 50%
rhoderick john morrison 50%
morrison sports ltd Estimated Valuation
Pomanda estimates the enterprise value of MORRISON SPORTS LTD at £203.1k based on a Turnover of £583.9k and 0.35x industry multiple (adjusted for size and gross margin).
morrison sports ltd Estimated Valuation
Pomanda estimates the enterprise value of MORRISON SPORTS LTD at £0 based on an EBITDA of £-14.4k and a 3.4x industry multiple (adjusted for size and gross margin).
morrison sports ltd Estimated Valuation
Pomanda estimates the enterprise value of MORRISON SPORTS LTD at £858.5k based on Net Assets of £311.3k and 2.76x industry multiple (adjusted for liquidity).
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Morrison Sports Ltd Overview
Morrison Sports Ltd is a dissolved company that was located in glasgow, G2 2QD with a Companies House number of SC087876. It operated in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in May 1984, it's largest shareholder was norman morrison with a 50% stake. The last turnover for Morrison Sports Ltd was estimated at £583.9k.
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Morrison Sports Ltd Health Check
Pomanda's financial health check has awarded Morrison Sports Ltd a 3 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 £583.9k, make it smaller than the average company (£6.8m)
- Morrison Sports Ltd
£6.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3.2%)
- Morrison Sports Ltd
3.2% - Industry AVG
Production
with a gross margin of 33.2%, this company has a higher cost of product (42.5%)
- Morrison Sports Ltd
42.5% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (2.4%)
- Morrison Sports Ltd
2.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (85)
3 - Morrison Sports Ltd
85 - Industry AVG
Pay Structure
on an average salary of £21.3k, the company has an equivalent pay structure (£21.3k)
- Morrison Sports Ltd
£21.3k - Industry AVG
Efficiency
resulting in sales per employee of £194.6k, this is more efficient (£122.3k)
- Morrison Sports Ltd
£122.3k - Industry AVG
Debtor Days
it gets paid by customers after 199 days, this is later than average (19 days)
- Morrison Sports Ltd
19 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (35 days)
- Morrison Sports Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morrison Sports Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morrison Sports Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.2%, this is a lower level of debt than the average (73.2%)
3.2% - Morrison Sports Ltd
73.2% - Industry AVG
MORRISON SPORTS LTD financials
Morrison Sports Ltd's latest turnover from January 2019 is estimated at £583.9 thousand and the company has net assets of £311.3 thousand. According to their latest financial statements, Morrison Sports Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 358,895 | 427,875 | 396,211 | |||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | 38,852 | -2,430 | -5,083 | |||||||
| Tax | 0 | 0 | 0 | |||||||
| Profit After Tax | 38,852 | -2,430 | -5,083 | |||||||
| Dividends Paid | 0 | 0 | 0 | |||||||
| Retained Profit | 38,852 | -2,430 | -5,083 | |||||||
| Employee Costs | 73,272 | 74,965 | 77,700 | |||||||
| Number Of Employees | 3 | 5 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 74 | 217 | 73,801 | 81,520 | 89,600 | 98,006 | 106,436 | 114,228 | 122,055 | 130,180 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 74 | 217 | 73,801 | 81,520 | 89,600 | 98,006 | 106,436 | 114,228 | 122,055 | 130,180 |
| Stock & work in progress | 0 | 0 | 0 | 276,342 | 237,573 | 220,684 | 229,523 | 236,183 | 250,789 | 209,808 |
| Trade Debtors | 318,571 | 330,237 | 283,995 | 0 | 0 | 3,613 | 3,565 | 3,478 | 3,624 | 5,811 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 7,905 | 17,023 | 18,615 | 12,638 | 27,765 | 39,397 | 88,481 |
| misc current assets | 2,877 | 3,018 | 3,846 | 3,924 | 5,562 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 321,448 | 333,255 | 287,841 | 288,171 | 260,158 | 242,912 | 245,726 | 267,426 | 293,810 | 304,100 |
| total assets | 321,522 | 333,472 | 361,642 | 369,691 | 349,758 | 340,918 | 352,162 | 381,654 | 415,865 | 434,280 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,273 | 4,565 | 71,295 | 80,437 | 55,422 | 63,918 | 64,567 | 64,485 | 58,626 | 38,664 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 6,273 | 4,565 | 71,295 | 80,437 | 55,422 | 63,918 | 64,567 | 64,485 | 58,626 | 60,664 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,930 | 3,231 | 3,523 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,930 | 3,231 | 3,523 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,203 | 7,796 | 74,818 | 80,437 | 55,422 | 63,918 | 64,567 | 64,485 | 58,626 | 60,664 |
| net assets | 311,319 | 325,676 | 286,824 | 289,254 | 294,336 | 277,000 | 287,595 | 317,169 | 357,239 | 373,616 |
| total shareholders funds | 311,319 | 325,676 | 286,824 | 289,254 | 294,336 | 277,000 | 287,595 | 317,169 | 357,239 | 373,616 |
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 144 | 8,152 | 8,406 | 8,373 | 8,282 | 8,160 | 8,125 | 8,140 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | 0 | 0 | 0 | |||||||
| Stock | 0 | 0 | -276,342 | 38,769 | 16,889 | -8,839 | -6,660 | -14,606 | 40,981 | 209,808 |
| Debtors | -11,666 | 46,242 | 283,995 | 0 | -3,613 | 48 | 87 | -146 | -2,187 | 5,811 |
| Creditors | 1,708 | -66,730 | -9,142 | 25,015 | -8,496 | -649 | 82 | 5,859 | 19,962 | 38,664 |
| Accruals and Deferred Income | 699 | -292 | 3,523 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22,000 | 22,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | |||||||
| cash flow from financing | 0 | 0 | 1 | |||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | -7,905 | -9,118 | -1,592 | 5,977 | -15,127 | -11,632 | -49,084 | 88,481 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -7,905 | -9,118 | -1,592 | 5,977 | -15,127 | -11,632 | -49,084 | 88,481 |
morrison sports ltd Credit Report and Business Information
Morrison Sports Ltd Competitor Analysis
Perform a competitor analysis for morrison sports ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
morrison sports ltd Ownership
MORRISON SPORTS LTD group structure
Morrison Sports Ltd has no subsidiary companies.
Ultimate parent company
MORRISON SPORTS LTD
SC087876
morrison sports ltd directors
Morrison Sports Ltd currently has 2 directors. The longest serving directors include Mr Norman Morrison (Oct 1989) and Mr Rhoderick Morrison (Oct 1989).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Norman Morrison | 77 years | Oct 1989 | - | Director | |
| Mr Rhoderick Morrison | United Kingdom | 70 years | Oct 1989 | - | Director |
P&L
January 2019turnover
583.9k
+63%
operating profit
-14.4k
0%
gross margin
33.2%
+9.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2019net assets
311.3k
-0.04%
total assets
321.5k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
morrison sports ltd company details
company number
SC087876
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
47721 - Retail sale of footwear in specialised stores
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
May 1984
age
40
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
4/2, 100 west regent street, glasgow, G2 2QD
last accounts submitted
January 2019
morrison sports 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 6 charges/mortgages relating to morrison sports ltd. Currently there are 0 open charges and 6 have been satisfied in the past.
morrison sports ltd Companies House Filings - See Documents
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