L H Morgan & Sons (marine) Limited

Lh Morgan And Sons Marine Ltd from Brightlingsea, UK: small company, holding company, active status, founded 49 years ago, 19 employees, £4,357,849 assets, real address, 1 director, 1 owner, e-commerce site, google rating 5.0 based on 135 reviews. Regular importer of ships, boats, and floating structures (26 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles, the retail sale of clothing in specialised stores, the retail sale of other second-hand goods in stores (not incl. antiques), the other retail sale in non-specialised stores industries. The company is a regular importer, with its top import category being Ships, Boats, and Floating Structures, totaling 26 months of imports. The last import operation was conducted on November 01, 2024.

Morgan Marine, established in 1972, is a family-run boatyard with a longstanding reputation for new and used boat sales, boat brokerage, marine engineering, and a well-stocked chandlery. The company acts as a distributor for Jeanneau motor boats, including Merry Fisher, NC, Cap Camarat, and DB, as well as Excel inflatable Boats and Highfield Aluminium RIBs. They also stock a wide range of used boats, from affordable fishing boats to yachts. The website highlights a comprehensive range of services, from boat sales and restoration to engineering and chandlery, and even includes a private slipway with hoist and crane.

Financially, Lh Morgan And Sons Marine Ltd shows some interesting trends. Current assets increased by a substantial 47%, reaching £4.4 million, while net assets also rose significantly, climbing 45% to £2.4 million. However, creditors have also increased considerably, jumping 39% to £2.3 million, which could indicate increased reliance on short-term financing. Cash reserves are healthy, up 66% to £830,000. The company’s bank borrowings decreased by 36%, which is a positive sign. The company’s small size helps it stay agile, but the increase in creditors is something to keep an eye on. No auditor is mentioned, which is common for small companies.

The company’s focus on Jeanneau boats and its comprehensive range of services suggests a well-established business, but the financial data indicates a period of growth and potentially increased risk. It seems like the company is expanding, but it’s important to manage its debts carefully.

Registered in England/Wales under the registration number 01260235, with a registered address at CO7 0AR, Brightlingsea,, Essex, The Boatyard Brightlingsea, Shipyard Estate,.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.