Morso Uk Limited

Morso Uk Ltd, based in Rugby, UK, is a small, active company established 20 years ago. With six employees and £660,908 in assets, it operates from a real address and is led by two directors and a solo founder. The company enjoys a solid 4.0 Google rating based on eight reviews. It’s a regular importer of iron or steel products, having imported for 101 months, and also exports these products, with 24 months of export activity.

The company’s website, Mors Jernstberi, showcases a wide range of fireplaces and outdoor cooking solutions, from traditional wood-burning stoves to modern gas grills and pizza ovens. The site emphasizes Danish design and the concept of “hygge”—a feeling of warmth, comfort, and well-being. It’s clear the company operates in the non-specialised wholesale trade industries, and the website suggests a focus on both retail and potentially distribution to retailers. The website also has a section for piano restoration, which is interesting.

Financially, Morso Uk Ltd presents a mixed picture. Current assets have fallen significantly, dropping 46% to £660,000, and net assets have also decreased by 99% to -£990,000. Bank borrowings have increased, and cash reserves have declined by 11%, indicating a potential need for careful cash flow management. Trade debtors have also fallen by 46%, which is good. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The significant decrease in equity suggests the company may be burning through cash, or perhaps has taken on significant debt. It’s possible the company is investing heavily in growth, but the decline in cash reserves warrants close attention. The company’s continued focus on importing and exporting iron or steel products, combined with its strong online presence, suggests it’s trying to maintain a stable business model despite these financial challenges.

Registered in England/Wales under the registration number 05338805, with a registered address at CV23 0UZ, England, Rugby, Warwickshire, Unit 14 Davy Court, Castle Mound Way.

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