Morgan Marine Limited

Morgan Marine Ltd, based in Ammanford, UK, is a medium-sized holding company with a 59-year history. Employing 182 people and holding assets of £7,176,228, the company generated £20,692,379 in revenue last year. It has five directors and one owner, boasts a perfect 5.0 Google rating from a single review, and exports furniture, lighting, and prefabricated buildings irregularly, with the last export operation occurring two months ago.

Classified as a medium company due to meeting two out of three conditions (turnover under £36 million, balance sheet under £18 million, and fewer than 250 employees), Morgan Marine operates as a holding company and maintains an active status. The company’s registered address is real, with only one other company registered at the same location. The company’s directors are Morse Howell Edward, Jones David Howard, Thomas Matthew Ashley, Thomas Eirian Lyn, and Ingram-jones Rhydian Marc. Jmmt Holdings Ltd owns Morgan Marine Limited.

The company operates in the machining industries and is a irregular exporter, focusing on furniture, lighting, and prefabricated buildings. Cash reserves have increased significantly, jumping by 1400%, which is a positive sign. However, deferred tax liabilities have decreased by 76%, which could indicate a change in tax strategy or a one-off event. Creditors have increased by 38%, suggesting the company is utilizing credit to fuel growth, but bank borrowings have also surged by 2400%, a concerning trend. The company’s net assets have declined by 25%, which is a significant drop, and the company’s trade debtors have ballooned by 890%.

The company’s auditor is Morgan Hemp & Co Limited. While the company is facing some financial pressures, its strong Google rating and focus on specialized products suggest a resilient business model. The company’s ability to adapt to changing market conditions will be crucial for its long-term success.

Registered in England/Wales under the registration number 00856716, with a registered address at SA18 3GY, Ammanford, Carmarthenshire, Llandybie.

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