Morgans Hotels Limited
04201688
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
30/09/2024
medium
Next accounts due
30/06/2026
Confirmation statement
Last: 19/04/2026
Due 03/05/2027
Industry
Officers
director · Since 19/04/2001
COMPANY DIRECTOR
BRITISH · WALES · Age 63
Also on 9 other boards
director · Since 09/10/2020
GROUP MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 29
Also on 17 other boards
director · Since 09/10/2020
DIRECTOR
WELSH · WALES · Age 30
Also on 10 other boards
Persons with Significant Control
Mr Martin Wyn Morgan
British · Wales · Age 63
Morgans Hotel, Somerset Place, Swansea, SA1 1RR
Notified 06/04/2016
Mr Jacob David Hughes
Welsh · Wales · Age 29
Morgans Hotel, Somerset Place, Swansea, SA1 1RR
Notified 09/10/2020
Charges2 outstanding
THE COUNCIL OF THE CITY AND COUNTY OF SWANSEA
THE WELSH DEVELOPMENT AGENCY
CompanyRankvs 427+ SIC 55100 peers65
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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
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Ba
Key FinancialsYear ending 30/09/2024
Turnover
£2.7M
Annual revenue
Net Worth
£14.2M
Balance sheet strength
Cash
£6.2M
Cash in the bank
Profit Before Tax
£284k
Bottom line earnings
Net Current Assets
£6.9M
Working capital
Current Assets
£14.7M
Current Liabilities
£7.8M
Fixed Assets
£7.8M
Debtors
£8.1M
Cost of Sales
£1.9M
Gross Profit
£781k
Admin Expenses
£1.3M
Operating Profit
-£421k
Profit After Tax
£287k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.88 | +£287k |
| 2023 | 11.64 | -£744k |
| 2022 | 13.70 | -£167k |
| 2021 | 20.05 | -£1k |
| 2020 | 25.59 | — |
Derived from filed accounts. Not audited figures.