Morepour Ltd

Morepour Ltd, based in Horley, UK, is a small, active company founded 14 years ago. Employing 19 people, it holds £611,226 in assets and operates from a real address, managed by three directors and three owners. The company regularly imports machinery, boilers, and mechanical appliances parts (11 months), and occasionally exports similar items (1 month). It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Morepour’s core business revolves around supplying the drinks dispense industry. Its website showcases a wide range of products and services, including beer dispensers, pipework fittings, cellar equipment, and mobile bars. The company offers both retail sales and technical services, including installations, maintenance, and repairs. It even custom builds mobile bars, catering to events and festivals. The website also highlights a piano restoration business, 1066 Pianos, which is a little bit confusing.

Financially, Morepour Ltd’s recent performance presents a mixed picture. Cash reserves have significantly decreased by 84%, dropping to £8,200, while bank borrowings have also plummeted by 94%, reaching just £7,900. Creditors have increased by 21%, now at £560,000, and trade debtors have risen by 8.3%, now at £590,000. Equity, however, has seen a substantial jump of 300%, now at £39,000. The company’s retained earnings have also increased, which is a positive sign. It’s not clear why the cash reserves are so low. The unaudited financial statements don't mention an auditor.

Overall, Morepour Ltd appears to be navigating a period of change. While its asset base remains solid, the decline in cash and increase in debt suggests it’s burning through money. The company’s diverse product range and technical expertise, however, position it well to capitalize on future opportunities.

Registered in England/Wales under the registration number 07308120, with a registered address at RH6 0HR, England, Horley, Surrey, Unit 1a Finns Farm Smalls Hill Road, Norwood Hill.

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