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Morris, Corfield & Co. Limited

07362441

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

BENTHALL WORKS, BROSELEY, TF12 5BB
Incorporated 01/09/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46610
Wholesale of agricultural machinery, equipment and supplies
81300
Landscape service activities
82990
Other business support service activities

CompanyRankvs 105+ SIC 46610 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.08× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

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 30/09/2024

Turnover

£40.5M

Annual revenue

Net Worth

£9.4M

Balance sheet strength

Cash

£1k

Cash in the bank

Profit Before Tax

£1.2M

Bottom line earnings

Net Current Assets

£9.0M

Working capital

Current Assets

£17.3M

Current Liabilities

£8.3M

Fixed Assets

£511k

Debtors

£5.6M

Cost of Sales

£37.5M

Gross Profit

£3.0M

Admin Expenses

£1.5M

Operating Profit

£1.2M

Profit After Tax

£869k

65avg. employees-3

Tax at Year End

Corp tax£283k
Dividends paid£81k

People Costs

Wages & salaries£2.6M
NI contributions£264k

Balance Sheet

Assets less current liabilities£9.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20242.08

Derived from filed accounts. Not audited figures.