Morganstone Ltd
06705551
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/09/2008
MANAGING DIRECTOR
WELSH · UNITED KINGDOM · Age 59
Also on 8 other boards
director · Since 14/02/2012
DIRECTOR
BRITISH · WALES · Age 55
Also on 7 other boards
director · Since 23/07/2025
FINANCE DIRECTOR
BRITISH · WALES · Age 67
Also on 9 other boards
Persons with Significant Control
Morganstone (Holdings) Limited
Unit 3 Llys Aur, Llanelli Gate, Llanelli, SA14 8LQ
Reg: 08991510 · Companies House · Limited By Shares
Notified 06/04/2016
Charges0 outstanding
DBW INVESTMENTS (3) LIMITED
LLOYDS BANK PLC
LLOYDS TSB BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 1583+ SIC 43390 peers72
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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and funding generally, it is not possible to eliminate all the inherent risks that the industry faces. As such there remains a material uncertainty regarding the company's ability to continue as a going concern. The directors are further mitigating that risk by developing further resilience through improved margins and building cash reserves. Financial Risk Management Objectives and Policies Th
Key FinancialsYear ending 05/04/2025
Turnover
£48.4M
Annual revenue
Net Worth
£1.9M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
£430k
Bottom line earnings
Net Current Assets
£2.1M
Working capital
Current Assets
£22.8M
Current Liabilities
£20.7M
Fixed Assets
£163k
Debtors
£21.6M
Cost of Sales
£46.4M
Gross Profit
£2.0M
Admin Expenses
£1.6M
Operating Profit
£479k
Profit After Tax
£318k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.10 | +£318k |
| 2024 | 1.11 | +£375k |
| 2023 | 1.17 | -£99k |
| 2022 | 1.30 | +£312k |
| 2021 | 1.26 | -£1.5M |
| 2020 | 1.39 | +£341k |
| 2019 | 1.37 | — |
Derived from filed accounts. Not audited figures.