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Morgan Marine Limited

00856716

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

LLANDYBIE, AMMANFORD, SA18 3GY
Incorporated 13/08/1965

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Rhydian Marc Jones

director · Since 26/09/2017

DIRECTOR

WELSH · WALES · Age 39

Also on 1 other board

Mr Eirian Lyn Thomas

director · Since 01/02/2018

DIRECTOR

WELSH · WALES · Age 44

Also on 1 other board

Mr Matthew Ashley Thomas

director · Since 01/02/2020

PRODUCTION DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Mr David Howard Jones

director · Since 07/10/2022

DIRECTOR

BRITISH · WALES · Age 55

Mr Howell Edward Morse

director · Since 02/01/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Ms Claire Elizabeth Erasmus

director · Since 01/07/2025

DIRECTOR

BRITISH · WALES · Age 37

Also on 1 other board

Persons with Significant Control

Jmmt Holdings Limited

75–100% shares
75–100% votes

37 Parc Starling, Johnstown, Carmarthen, SA31 3HX

Reg: 14059594 · Companies House · Uk

Notified 07/09/2022

Former PSCs

Ms Susan Jayne Paton

Ceased 07/09/2022

Mr Martyn Wyn Ingram-Jones

Ceased 07/09/2022

Morgan Grp Limited

Ceased 07/09/2022

Charges5 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 11/03/2026Registered 25/03/2026
Charge
outstanding

BARCLAYS BANK PLC

Created 04/06/2025Registered 06/06/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 24/10/2024Registered 26/10/2024
Charge
satisfied

ECAPITAL COMMERCIAL FINANCE LIMITED

Created 07/09/2022Registered 08/09/2022Satisfied 25/11/2024
Charge
satisfied

MORGAN GRP LIMITED

Created 01/08/2022Registered 05/08/2022Satisfied 06/06/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 16/07/2019Registered 18/07/2019
Charge
outstanding

CARMARTHEN COUNTY COUNCIL

Created 24/08/2017Registered 25/08/2017
charge
satisfied

THE WELSH MINISTERS

Created 08/01/2008Registered 15/01/2008Satisfied 10/01/2018
charge
satisfied

BIBBY INVOICE DISCOUNTING LIMITED

Created 20/09/2004Registered 25/09/2004Satisfied 28/01/2009
charge
satisfied

ROGER HENRY CHARLES MORGAN

Created 29/10/2003Registered 05/11/2003Satisfied 07/07/2006
charge
satisfied

ROGER HENRY CHARLES MORGAN

Created 29/10/2003Registered 05/11/2003Satisfied 07/07/2006
charge
satisfied

BIBBY FACTORS BRISTOL LIMITED

Created 24/10/2003Registered 28/10/2003Satisfied 28/10/2004
charge
satisfied

BARCLAYS BANK PLC

Created 21/01/1998Registered 30/01/1998Satisfied 09/01/2018
charge
satisfied

BARCLAYS BANK PLC

Created 14/06/1995Registered 26/06/1995Satisfied 10/01/2018
charge
satisfied

BARCLAYS BANK PLC

Created 10/03/1994Registered 21/03/1994Satisfied 21/09/2002
charge
satisfied

BARCLAYS BANK PLC

Created 17/02/1994Registered 02/03/1994Satisfied 21/09/2002
charge
satisfied

CLOSE BROTHERS LIMITED

Created 23/12/1992Registered 05/01/1993Satisfied 24/10/2003
charge
satisfied

CLOSE BROTHERS LTD

Created 31/12/1991Registered 08/01/1992Satisfied 24/10/2003
charge
satisfied

BARCLAYS BANK PLC

Created 05/07/1989Registered 12/07/1989Satisfied 21/09/2002
charge
satisfied

INVESTORS IN INDUSTRY PLC.

Created 09/09/1983Registered 13/09/1983Satisfied 25/11/1995
charge
satisfied

BARCLAYS BANK PLC

Created 22/11/1978Registered 04/12/1978Satisfied 09/01/2018
charge
satisfied

BARCLAYS BANK PLC

Created 11/02/1977Registered 23/02/1977Satisfied 09/01/2018
charge
satisfied

BARCLAYS BANK PLC

Created 24/02/1976Registered 12/03/1976Satisfied 29/07/2004

CompanyRankvs 253+ SIC 25620 peers
65

Financial strength97th percentile among SIC peers · 24/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.92× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/06/2025

Turnover

£21.1M

Annual revenue

Net Worth

£5.1M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£1.9M

Bottom line earnings

Net Current Assets

£3.4M

Working capital

Current Assets

£7.0M

Current Liabilities

£3.7M

Fixed Assets

£3.5M

Debtors

£5.5M

Cost of Sales

£13.8M

Gross Profit

£7.3M

Admin Expenses

£5.4M

Operating Profit

£2.0M

Profit After Tax

£1.6M

209avg. employees

Tax at Year End

Corp tax£101k

Director Loans

Company owes directors£12k

People Costs

Wages & salaries£6.2M
NI contributions£551k

Balance Sheet

Intangible assets£4k
Assets less current liabilities£6.8M
Prepared with Sage Accounts Production 24.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20251.92+£0
20251.92+£1.6M
20241.82+£1.3M
20231.69-£2.3M
20221.69-£861k
20212.16+£207k
20202.36

Derived from filed accounts. Not audited figures.