Morgans Payroll Services Limited
03236523
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/09/2000
ACCOUNTANT
BRITISH · WALES · Age 75
Also on 6 other boards
Persons with Significant Control
Mr David Martin Morgan
British · Wales · Age 75
1st Floor, 5 Prospect Place, Swansea, SA1 1QP
Notified 12/08/2016
CompanyRankvs 9776+ SIC 69202 peers53
Show leaderboard
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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/11/2024
Net Worth
£7k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£12k
Working capital
Current Assets
£1k
Current Liabilities
£13k
Fixed Assets
£31k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.08 | -£6k |
| 2023 | 0.18 | +£1k |
| 2022 | 0.58 | -£3k |
| 2021 | 1.36 | +£12k |
| 2020 | 2.81 | -£776 |
| 2019 | 20.60 | -£13 |
| 2018 | 23.02 | — |
Derived from filed accounts. Not audited figures.