Morris Bros.(tenby)limited

Morris Bros Tenby Ltd, based in Tenby, UK, is a small, active company with a rich history spanning 60 years. Founded in 1964 by a solo entrepreneur, the business now employs 11 people and holds £351,823 in assets. With four directors and one owner (Lewis Howard Thomas), the company operates a thriving e-commerce site and maintains a real registered address.

Morris Bros. is primarily involved in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles, clothing, hardware, paints and glass. The company also owns Morris Bros. (Tenby Properties) Limited. The business meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financial data, there’s a mixed picture. While cash bank on hand increased by a respectable 9.6% to £170,000, the company’s retained earnings accumulated losses took a hit, dropping 7.1% to £340,000. Property, plant, and equipment saw a 15% decrease, down to £57,000. Creditors rose significantly, up 36% to £100,000, which could indicate increased reliance on short-term financing. Despite this, trade debtors are up 26% to £19,000, suggesting the company is managing its payments well.

The company’s reliance on furniture fittings and motor vehicles has decreased, but plant machinery has seen a slight increase. The company’s accounts are unaudited, which is common for small companies, and the report doesn's mention an auditor. It's a bit concerning that the company’s equity has decreased, but the company’s size and the e-commerce presence suggest it’s well-positioned to continue operating.

Registered in England/Wales under the registration number 00832881, with a registered address at SA70 7AZ, Tenby, Pembrokeshire, Troy House, St. Julian Street.

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