morrice macfeate search & consultancy limited
morrice macfeate search & consultancy limited Company Information
Company Number
SC591157
Next Accounts
May 2025
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Shareholders
kenneth john andrew morrice
allan derek macfeate
View AllGroup Structure
View All
Contact
Registered Address
1st floor, 25 blythswood square, glasgow, G2 4BL
Website
-morrice macfeate search & consultancy limited Estimated Valuation
Pomanda estimates the enterprise value of MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED at £193.7k based on a Turnover of £1.5m and 0.13x industry multiple (adjusted for size and gross margin).
morrice macfeate search & consultancy limited Estimated Valuation
Pomanda estimates the enterprise value of MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED at £0 based on an EBITDA of £-83.2k and a 2.27x industry multiple (adjusted for size and gross margin).
morrice macfeate search & consultancy limited Estimated Valuation
Pomanda estimates the enterprise value of MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED at £0 based on Net Assets of £-49k and 1.64x industry multiple (adjusted for liquidity).
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Morrice Macfeate Search & Consultancy Limited Overview
Morrice Macfeate Search & Consultancy Limited is a live company located in glasgow, G2 4BL with a Companies House number of SC591157. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 2018, it's largest shareholder is kenneth john andrew morrice with a 47.5% stake. Morrice Macfeate Search & Consultancy Limited is a young, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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Morrice Macfeate Search & Consultancy Limited Health Check
Pomanda's financial health check has awarded Morrice Macfeate Search & Consultancy Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£6.7m)
- Morrice Macfeate Search & Consultancy Limited
£6.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.1%)
- Morrice Macfeate Search & Consultancy Limited
5.1% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (25.2%)
- Morrice Macfeate Search & Consultancy Limited
25.2% - Industry AVG
Profitability
an operating margin of -5.7% make it less profitable than the average company (4.4%)
- Morrice Macfeate Search & Consultancy Limited
4.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (35)
15 - Morrice Macfeate Search & Consultancy Limited
35 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Morrice Macfeate Search & Consultancy Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £102k, this is less efficient (£170.7k)
- Morrice Macfeate Search & Consultancy Limited
£170.7k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (46 days)
- Morrice Macfeate Search & Consultancy Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (9 days)
- Morrice Macfeate Search & Consultancy Limited
9 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is in line with average (5 days)
- Morrice Macfeate Search & Consultancy Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (14 weeks)
18 weeks - Morrice Macfeate Search & Consultancy Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.6%, this is a higher level of debt than the average (66.6%)
111.6% - Morrice Macfeate Search & Consultancy Limited
66.6% - Industry AVG
MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED financials
Morrice Macfeate Search & Consultancy Limited's latest turnover from August 2023 is estimated at £1.5 million and the company has net assets of -£49 thousand. According to their latest financial statements, Morrice Macfeate Search & Consultancy Limited has 15 employees and maintains cash reserves of £67.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 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 | 15 | 13 | 8 | 5 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 16,022 | 14,422 | 7,143 | 7,260 | 4,205 |
| Intangible Assets | 8,000 | 9,000 | 10,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 24,022 | 23,422 | 17,143 | 7,260 | 4,205 |
| Stock & work in progress | 23,400 | 12,400 | 5,800 | 5,800 | 0 |
| Trade Debtors | 308,217 | 233,277 | 162,374 | 142,004 | 84,948 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 67,577 | 188,231 | 159,761 | 108,578 | 142,179 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 399,194 | 433,908 | 327,935 | 256,382 | 227,127 |
| total assets | 423,216 | 457,330 | 345,078 | 263,642 | 231,332 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 193,902 | 179,976 | 287,970 | 260,594 | 211,934 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 193,902 | 179,976 | 287,970 | 260,594 | 211,934 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 274,263 | 243,238 | 0 | 0 | 0 |
| provisions | 4,005 | 2,585 | 595 | 784 | 0 |
| total long term liabilities | 278,268 | 245,823 | 595 | 784 | 0 |
| total liabilities | 472,170 | 425,799 | 288,565 | 261,378 | 211,934 |
| net assets | -48,954 | 31,531 | 56,513 | 2,264 | 19,398 |
| total shareholders funds | -48,954 | 31,531 | 56,513 | 2,264 | 19,398 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 3,036 | 2,215 | 1,578 | 1,073 | 705 |
| Amortisation | 1,000 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 11,000 | 6,600 | 0 | 5,800 | 0 |
| Debtors | 74,940 | 70,903 | 20,370 | 57,056 | 84,948 |
| Creditors | 13,926 | -107,994 | 27,376 | 48,660 | 211,934 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 1,420 | 1,990 | -189 | 784 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 31,025 | 243,238 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -120,654 | 28,470 | 51,183 | -33,601 | 142,179 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -120,654 | 28,470 | 51,183 | -33,601 | 142,179 |
morrice macfeate search & consultancy limited Credit Report and Business Information
Morrice Macfeate Search & Consultancy Limited Competitor Analysis
Perform a competitor analysis for morrice macfeate search & consultancy limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in G 2 area or any other competitors across 12 key performance metrics.
morrice macfeate search & consultancy limited Ownership
MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED group structure
Morrice Macfeate Search & Consultancy Limited has no subsidiary companies.
Ultimate parent company
MORRICE MACFEATE SEARCH & CONSULTANCY LIMITED
SC591157
morrice macfeate search & consultancy limited directors
Morrice Macfeate Search & Consultancy Limited currently has 2 directors. The longest serving directors include Mr Kenneth Morrice (Mar 2018) and Mr Allan MacFeate (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kenneth Morrice | United Kingdom | 44 years | Mar 2018 | - | Director |
| Mr Allan MacFeate | Scotland | 52 years | Nov 2019 | - | Director |
P&L
August 2023turnover
1.5m
+34%
operating profit
-87.2k
0%
gross margin
13.8%
-0.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-49k
-2.55%
total assets
423.2k
-0.07%
cash
67.6k
-0.64%
net assets
Total assets minus all liabilities
morrice macfeate search & consultancy limited company details
company number
SC591157
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
August 2022
previous names
morrice search and consultancy limited (November 2019)
accountant
MCDOUGALL JOHNSTONE
auditor
-
address
1st floor, 25 blythswood square, glasgow, G2 4BL
Bank
-
Legal Advisor
-
morrice macfeate search & consultancy 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 did not find charges/mortgages relating to morrice macfeate search & consultancy limited.
morrice macfeate search & consultancy limited Companies House Filings - See Documents
| date | description | view/download |
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