Morgan Property Services Limited

Morgan Property Services Limited, based in Greenford, UK, is a small, active company founded ten years ago in 1994. With three employees and £174,144 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in wood and wood products, with a recent import operation recorded in August 2023.

The company’s website showcases a full suite of estate agency services in Newry and Warrenpoint, including sales, lettings, land, and commercial properties. It offers a searchable database with advanced filtering options, allowing users to refine their search by location, price range, number of bedrooms, and property type. The site also features a blog with articles on property-related topics and a free property valuation service. It’s clear that Morgan Property Services is focused on connecting buyers and sellers in the local area, and even has a presence in overseas property.

Financially, Morgan Property Services Limited presents a mixed picture. While cash reserves increased by a substantial 230%, reaching £120,000, net assets have significantly declined by 77% to just £840. Bank borrowings decreased by 34%, but creditors have risen by 79% to £160,000, which could indicate increased reliance on short-term financing. Trade debtors have fallen by a large 75%, which is a positive sign. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decrease in equity warrants further investigation. The accounts are unaudited and produced using VT Final Accounts software, and no auditor is mentioned.

Overall, Morgan Property Services Limited appears to be navigating a period of change. While it has strong local market presence and a growing cash position, the decline in equity and increased creditors suggest potential financial pressures.

Registered in England/Wales under the registration number 09091084, with a registered address at UB6 9NX, Greenford, Middlesex, 57 Chinnor Crescent.

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