Morton Products Limited

Morton Products Ltd from Gloucester UK: a small, active company founded 19 years ago, employs six people, and holds £445,857 in assets. It’s a real address with two directors and two owners, operating as a family business. The company regularly imports umbrellas, sun umbrellas, walking sticks, and similar items (50 months imported), while occasionally exporting aluminum and aluminum products (1 month exported).

The company operates in the "other business support service activities n.e.c." industries, and its website is not available. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Morton Products Ltd shows a mixed picture. Current assets have fallen by 15% to £450,000, while net assets have decreased by 20% to £360,000. Cash reserves have also dropped by 5.6% to £280,000. Borrowings have increased, and creditors have risen significantly, suggesting the company is using more credit to keep operations going. The company's small size helps it remain agile, but the decline in equity raises concerns. The accounts are unaudited, likely due to its status as a small company.

The company's financial data shows a decrease in assets, which could be due to increased operational expenses or investments in new equipment. The rise in creditors suggests a need for better cash flow management. It's possible the company is facing challenges in maintaining profitability, but its family-run nature and established import business could provide a foundation for future success.

Registered in England/Wales under the registration number 05493061, with a registered address at GL3 4SU, United Kingdom, Gloucester, Unit 1, Horseferry Bridge Cirencester Road, Little Witcombe.

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