Morgenrot Group Plc

Morgenrot Group Plc from Manchester, UK, is a large, active company established 54 years ago in 1970. Employing 21 people, it holds assets worth £4,258,924 and generates a yearly revenue of £11,335,424. With a real address and three directors overseeing operations, the company is owned by Plath Carl Michael and Southworth Andrew Ernest, and boasts a stellar 5.0 Google rating based on a single review. It regularly imports drinks, alcohol, and vinegar (for 657 months), and exports iron or steel products (for 64 months).

The company's website, enquiriesmorgenrot.co.uk, positions Morgenrot as importers of wine and beer, offering a wide selection of products from around the world. It’s clear they operate as wholesalers, catering to businesses rather than direct consumers. The site highlights their commitment to quality and service, with a focus on both traditional and modern approaches to wine and beer distribution. It’s a business that seems to be all about the distribution of alcoholic beverages, with a strong emphasis on established brands and a touch of British heritage.

Financially, Morgenrot Group Plc appears to be facing some challenges. While turnover increased by a healthy 12%, net assets only increased slightly. Bank borrowings have increased significantly, suggesting the company is relying more on debt financing. Cash reserves have also decreased, which could indicate tighter cash flow management. However, creditors have decreased, which is a positive sign. The company’s size (meeting two of three criteria for a large company) allows it to remain flexible, but the increased borrowing and decreased cash reserves are worth keeping an eye on. No auditor is mentioned, which is common for companies of this size.

Overall, Morgenrot Group Plc is a well-established importer and distributor, but it’s navigating a period of financial adjustment. The company’s long history and strong supplier relationships should help it weather these challenges, but a careful approach to cash flow and debt management will be essential.

Registered in England/Wales under the registration number 00987162, with a registered address at M27 8AW, Manchester, Greater Manchester, Unit 2 Canary Way, Agecroft Commerce Park, Swinton.

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