morrow associates ltd
morrow associates ltd Company Information
Company Number
SC457330
Next Accounts
May 2026
Shareholders
brian morrow
susan morrow
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
caldwell law house caldwell law, uplawmoor, glasgow, east renfewshire, G78 4BS
Website
www.morrow-associates.co.ukmorrow associates ltd Estimated Valuation
Pomanda estimates the enterprise value of MORROW ASSOCIATES LTD at £53k based on a Turnover of £135.2k and 0.39x industry multiple (adjusted for size and gross margin).
morrow associates ltd Estimated Valuation
Pomanda estimates the enterprise value of MORROW ASSOCIATES LTD at £0 based on an EBITDA of £-9.1k and a 2.87x industry multiple (adjusted for size and gross margin).
morrow associates ltd Estimated Valuation
Pomanda estimates the enterprise value of MORROW ASSOCIATES LTD at £10.5k based on Net Assets of £4.9k and 2.13x industry multiple (adjusted for liquidity).
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Morrow Associates Ltd Overview
Morrow Associates Ltd is a live company located in glasgow, G78 4BS with a Companies House number of SC457330. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2013, it's largest shareholder is brian morrow with a 50% stake. Morrow Associates Ltd is a established, micro sized company, Pomanda has estimated its turnover at £135.2k with healthy growth in recent years.
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Morrow Associates Ltd Health Check
Pomanda's financial health check has awarded Morrow Associates Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £135.2k, make it smaller than the average company (£4.4m)
- Morrow Associates Ltd
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9.5%)
- Morrow Associates Ltd
9.5% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (38.1%)
- Morrow Associates Ltd
38.1% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (5.6%)
- Morrow Associates Ltd
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (25)
2 - Morrow Associates Ltd
25 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£51.5k)
- Morrow Associates Ltd
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £67.6k, this is less efficient (£161.3k)
- Morrow Associates Ltd
£161.3k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (38 days)
- Morrow Associates Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (31 days)
- Morrow Associates Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morrow Associates Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morrow Associates Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.4%, this is a higher level of debt than the average (60%)
87.4% - Morrow Associates Ltd
60% - Industry AVG
MORROW ASSOCIATES LTD financials
Morrow Associates Ltd's latest turnover from August 2024 is estimated at £135.2 thousand and the company has net assets of £4.9 thousand. According to their latest financial statements, Morrow Associates Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 3 | 3 | 3 | 3 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,507 | 2,306 | 359 | 181 | 869 | 1,341 | 2,082 | 428 | 459 | 916 | 1,373 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 1,507 | 2,306 | 359 | 181 | 869 | 1,341 | 2,082 | 428 | 459 | 916 | 1,373 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 37,812 | 32,780 | 15,983 | 21,774 | 46,436 | 48,101 | 50,477 | 47,944 | 14,790 | 20,934 | 12,484 |
| Group Debtors | |||||||||||
| Misc Debtors | |||||||||||
| Cash | 46,472 | 41,886 | 27,342 | ||||||||
| misc current assets | |||||||||||
| total current assets | 37,812 | 32,780 | 15,983 | 21,774 | 46,436 | 48,101 | 50,477 | 47,944 | 61,262 | 62,820 | 39,826 |
| total assets | 39,319 | 35,086 | 16,342 | 21,955 | 47,305 | 49,442 | 52,559 | 48,372 | 61,721 | 63,736 | 41,199 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 15,874 | 21,021 | 15,795 | 21,259 | 46,338 | 49,168 | 52,341 | 42,446 | 51,134 | 37,932 | |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | |||||||||||
| total current liabilities | 15,874 | 21,021 | 15,795 | 21,259 | 46,338 | 49,168 | 52,341 | 42,446 | 51,134 | 37,932 | |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | 18,500 | 600 | |||||||||
| other liabilities | 46,268 | ||||||||||
| provisions | |||||||||||
| total long term liabilities | 18,500 | 600 | 46,268 | ||||||||
| total liabilities | 34,374 | 21,021 | 16,395 | 21,259 | 46,338 | 49,168 | 52,341 | 46,268 | 42,446 | 51,134 | 37,932 |
| net assets | 4,945 | 14,065 | -53 | 696 | 967 | 274 | 218 | 2,104 | 19,275 | 12,602 | 3,267 |
| total shareholders funds | 4,945 | 14,065 | -53 | 696 | 967 | 274 | 218 | 2,104 | 19,275 | 12,602 | 3,267 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 457 | 457 | |||||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | 5,032 | 16,797 | -5,791 | -24,662 | -1,665 | -2,376 | 2,533 | 33,154 | -6,144 | 8,450 | 12,484 |
| Creditors | -5,147 | 5,226 | -5,464 | -25,079 | -2,830 | -3,173 | 52,341 | -42,446 | -8,688 | 13,202 | 37,932 |
| Accruals and Deferred Income | 18,500 | -600 | 600 | ||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -46,268 | 46,268 | |||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -46,472 | 4,586 | 14,544 | 27,342 | |||||||
| overdraft | |||||||||||
| change in cash | -46,472 | 4,586 | 14,544 | 27,342 |
morrow associates ltd Credit Report and Business Information
Morrow Associates Ltd Competitor Analysis
Perform a competitor analysis for morrow associates ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in G78 area or any other competitors across 12 key performance metrics.
morrow associates ltd Ownership
MORROW ASSOCIATES LTD group structure
Morrow Associates Ltd has no subsidiary companies.
Ultimate parent company
MORROW ASSOCIATES LTD
SC457330
morrow associates ltd directors
Morrow Associates Ltd currently has 2 directors. The longest serving directors include Mrs Susan Morrow (Aug 2013) and Mr Brian Morrow (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Susan Morrow | United Kingdom | 56 years | Aug 2013 | - | Director |
| Mr Brian Morrow | 51 years | Aug 2013 | - | Director |
P&L
August 2024turnover
135.2k
+11%
operating profit
-9.1k
0%
gross margin
17.1%
-2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
4.9k
-0.65%
total assets
39.3k
+0.12%
cash
0
0%
net assets
Total assets minus all liabilities
morrow associates ltd company details
company number
SC457330
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 2013
age
12
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2024
previous names
N/A
accountant
JGBA LIMITED
auditor
-
address
caldwell law house caldwell law, uplawmoor, glasgow, east renfewshire, G78 4BS
Bank
-
Legal Advisor
-
morrow associates 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 morrow associates ltd.
morrow associates 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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morrow associates ltd Companies House Filings - See Documents
| date | description | view/download |
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