Morris & Blunt Limited

Morris & Blunt Limited, based in Reading, UK, is a small, family-run holding company with an active status. Established thirty years ago in 1995, it employs thirty-four people and holds assets valued at £3,295,655. With five directors and six owners, the company operates from a real address and boasts a stellar 5.0 Google rating based on twenty-five reviews. It’s an irregular importer, primarily dealing in iron or steel products, with its last import operation occurring one month ago.

The company’s website showcases its role as a principal contractor specializing in both public and private building sectors, including new builds, extensions, and refurbishments. It emphasizes building confidence and delivering high standards, and highlights several completed projects, ranging from sports pavilions to school renovations. The website also features testimonials from satisfied clients, praising the company’s expertise, reliability, and professionalism. They even have a direct labour force, which is rare for companies their size.

Financially, Morris & Blunt Limited presents a mixed picture. While current assets decreased by 9.1% to £3,300,000, net assets increased by 15% to £1,300,000. However, bank borrowings have increased significantly, and cash reserves have fallen by 15% to £1,500,000. Trade debtors have plummeted by a substantial 70%, which could indicate issues with customer payments, or a deliberate shift in credit policies. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned suggests they are exempt as a small company, and the financial statements are unaudited.

Overall, Morris & Blunt Limited appears to be navigating a period of change. While the company’s reputation and project portfolio are strong, the financial data reveals some challenges. It’s possible that the decrease in debtors is linked to a deliberate effort to tighten credit terms, or perhaps a slowdown in project payments. The company’s family-run nature and commitment to quality may help it weather these pressures, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 03042463, with a registered address at RG6 7BH, England, Reading, 13 Holmes Road.

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