Morleys Derby Limited

Morleys Derby Ltd, based in Derbyshire, UK, is a small, family-run business with an active status, celebrating 51 years since its founding in 1973. Employing 16 people, the company holds £1,653,932 in assets and operates from a real address with six directors and two owners. It’s a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, with 73 months of import activity and 70 months of export activity recorded. The company’s website is non-existent.

The business operates in the wholesale trade of motor vehicle parts and accessories. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s a tight-knit operation, with Clarke Cora Lynne and Clarke David listed as owners, and Clarke David, Clarke Cora Lynne, Clarke Cora Lynne, Clarke Robert Edward, and Clarke Philip David serving as directors.

Financially, Morleys Derby Ltd shows a mixed picture. Current assets have decreased by 7.2% to £1,700,000, while net assets have fallen 7.4% to £800,000. Cash reserves, however, have seen a significant boost, increasing by 51% to £310,000. Trade debtors have plummeted by 38%, which could indicate improved collections or a shift in credit terms. Bank borrowings are down as well. Creditors have also decreased by 2.7%. The company’s small size allows for agility, but the decrease in equity suggests a need for careful financial management. The accounts are unaudited, which is common for small companies.

The company’s recent financial data shows a decline in trade debtors, which could be a positive sign of better cash flow management. However, the decrease in net assets raises concerns about the company’s long-term financial health. The increase in cash reserves is a welcome sign, but it remains to be seen whether it will be enough to offset the other challenges.

Registered in England/Wales under the registration number 01113118, with a registered address at DE23 8LB, Derbyshire, 250 Osmaston Road, Derby.

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