Morgans Of Usk Limited
02137982
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/05/2025
full
Next accounts due
28/02/2027
Confirmation statement
Last: 13/12/2025
Due 27/12/2026
Industry
Officers
director · Since 13/12/1991
ADMINISTRATOR
BRITISH · UNITED KINGDOM · Age 83
Also on 7 other boards
secretary · Since 23/04/1992
BRITISH · UNITED KINGDOM · Age 76
Also on 36 other boards
director · Since 15/04/1997
COMPANY DIRECTOR
BRITISH · WALES · Age 51
Also on 3 other boards
director · Since 21/05/2007
ADMINISTRATION
BRITISH · WALES · Age 59
Also on 3 other boards
director · Since 02/04/2012
CONSTRUCTIONAL ENGINEER
BRITISH · UNITED KINGDOM · Age 84
Also on 24 other boards
Persons with Significant Control
Morgans Of Usk Group Limited
21, Gold Tops, Newport, NP20 4PG
Reg: 07856398 · Companies House England And Wales · Company Limited By Shares
Notified 06/04/2016
Charges2 outstanding
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CompanyRankvs 45+ SIC 24100 peers66
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/05/2024
Turnover
£38.4M
Annual revenue
Net Worth
£13.0M
Balance sheet strength
Cash
£15.4M
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£11.6M
Working capital
Current Assets
£28.2M
Current Liabilities
£16.7M
Fixed Assets
£1.8M
Debtors
£12.6M
Cost of Sales
£31.0M
Gross Profit
£7.4M
Admin Expenses
£5.6M
Operating Profit
£1.3M
Profit After Tax
£1.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.69 | +£325k |
| 2023 | 1.91 | +£3.1M |
| 2022 | 1.80 | +£1.3M |
| 2021 | 1.66 | +£874k |
| 2020 | 1.53 | +£397k |
| 2019 | 1.52 | — |
Derived from filed accounts. Not audited figures.