Morco Products Limited

Morco Products Ltd, based in Beverley, UK, is a well-established company with a rich history, having been founded 125 years ago in 1899. As a holding company with an active status, it’s a significant player, boasting £20.2 million in assets and generating £19.6 million in yearly revenue. Employing 20 people, Morco is led by five directors and owned by one individual. Its Google rating stands at a respectable 4.0 based on 28 reviews. The company regularly imports electrical machinery and equipment (for 15 months) and exports machinery, boilers, and mechanical appliances (for 45 months).

Morco's core business revolves around supplying central heating and hot water solutions to the caravan holiday home industry. Its website showcases a wide range of products, including boilers, water heaters, and spares, indicating a focus on B2B sales rather than direct-to-consumer e-commerce. The site features a well-organized product catalog, technical documentation, and a dedicated section for news and training, suggesting a commitment to customer support and industry expertise.

Financially, Morco Products Ltd presents a mixed picture. While revenue remains strong, key metrics indicate potential challenges. Cash bank on hand has fallen by 14%, to £11 million, and net assets have decreased by 4.6% to £19 million. Bank borrowings have increased significantly, by 200%, reaching £1.8 million, and administrative expenses have risen by 5.1%. However, creditors have decreased by 49%, which could indicate improved debt management. The company meets two of three criteria to be classified as a large company, with turnover exceeding £36 million, and assets over £18 million. The lack of auditor mentioned suggests the company is exempt from full auditing.

Overall, Morco Products Ltd appears to be a stable, long-standing business facing some financial headwinds. The company's focus on a niche market and its commitment to customer support position it well for the future, but careful management of its finances will be crucial to navigate these challenges.

Registered in England/Wales under the registration number 00064585, with a registered address at HU17 0LD, Beverley, East Yorkshire, Morco House, Riverview Road.

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