Morris Line Engineering Limited
11769911
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/01/2019
COMPANY DIRECTOR
BRITISH · WALES · Age 61
Also on 5 other boards
director · Since 12/02/2019
FINANCE DIRECTOR
BRITISH · WALES · Age 47
Also on 5 other boards
director · Since 12/02/2019
PROCUREMENT DIRECTOR
BRITISH · WALES · Age 53
Also on 3 other boards
Persons with Significant Control
Morris Line Engineering (Holdings) Limited
Morris House, South Road, Bridgend, CF31 3EB
Reg: 11722493 · Companies House · Limited Company
Notified 16/01/2019
Charges3 outstanding
BARCLAYS BANK PLC
DBW INVESTMENTS (14) LIMITED
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
J.W. & E. MORRIS & SON LIMITED
CompanyRankvs 138+ SIC 27120 peers57
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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 concern are d
Key FinancialsYear ending 31/12/2020
Turnover
£13.2M
Annual revenue
Net Worth
£2.5M
Balance sheet strength
Cash
£853k
Cash in the bank
Profit Before Tax
£499k
Bottom line earnings
Net Current Assets
£2.4M
Working capital
Current Assets
£5.9M
Current Liabilities
£3.5M
Fixed Assets
£171k
Debtors
£3.6M
Cost of Sales
£9.9M
Gross Profit
£3.4M
Admin Expenses
£3.4M
Operating Profit
£499k
Profit After Tax
£438k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 1.67 |
Derived from filed accounts. Not audited figures.