MORGANS OF USK LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-05-31
Confirmation statement due
2026-12-27 (in 7mo)
Last made up 2025-12-13
Watchouts
None on the register
Cash
£15M
+76.3% vs 2023
Net assets
£13M
+2.6% vs 2023
Employees
124
+3.3% vs 2023
Profit before tax
£2M
-72% vs 2023
Net assets
7-year trend · vs Basic Materials median
Accounts
7-year trend · latest reflected 2024-05-31
| Metric | Trend | 2018-05-31 | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £46,586,107 | £38,381,276 | |
| Operating profit | — | — | — | — | — | £6,215,463 | £1,296,975 | |
| Profit before tax | — | — | — | — | — | £6,283,335 | £1,760,558 | |
| Net profit | — | — | — | — | — | £5,096,602 | £1,325,475 | |
| Cash | — | — | — | — | — | £8,756,532 | £15,439,955 | |
| Total assets less current liabilities | — | — | — | — | — | £12,911,635 | £13,343,156 | |
| Net assets | — | — | — | — | — | £12,723,375 | £13,048,850 | |
| Equity | — | £7,064,095 | £7,461,437 | £8,335,741 | £9,626,773 | £12,723,375 | £13,048,850 | |
| Average employees | — | — | — | — | — | 120 | 124 | |
| Wages | — | — | — | — | — | £5,695,273 | £6,150,327 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-05-31 | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 13.3% | 3.4% | |
| Net margin | — | — | — | — | — | 10.9% | 3.5% | |
| Return on capital employed | — | — | — | — | — | 48.1% | 9.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 50.1% | 56.5% | |
| Current ratio | — | — | — | — | — | 1.91x | 1.69x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Guilfoyle, Sage & Co.
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “During the year the company invested £662,150 in the latest plate processing machinery, to give greater manufacturing capacity and capability moving forward and allow expansion in the future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Robert Hugh Thomas | Secretary | 1992-04-23 | — | British |
| MORGAN, Andrew John, Mr. | Director | 1997-04-15 | Oct 1974 | British |
| MORGAN, David Wyndham | Director | 2012-04-02 | Sep 1941 | British |
| MORGAN, Nancy Doreen, Mrs. | Director | — | Jul 1942 | British |
| PRICE, Josie Alice | Director | 2024-06-25 | Sep 1991 | British |
| SMITH, Susan Jane, Mrs. | Director | 2007-05-21 | Dec 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORGAN, Nancy Doreen, Mrs. | Secretary | — | 1992-04-23 |
| MORGAN, David Wyndham | Director | — | 1992-08-25 |
| MORGAN, Peter David | Director | — | 1997-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Morgans Of Usk Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-29 | AA | accounts | Accounts with accounts type full | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-28 | AA | accounts | Accounts with accounts type full | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-28 | AA | accounts | Accounts with accounts type full | |
| 2021-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-12 | AA | accounts | Accounts with accounts type full | |
| 2021-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-28 | AA | accounts | Accounts with accounts type full | |
| 2020-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-04 | AA | accounts | Accounts with accounts type full | |
| 2019-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-03-07 | AA | accounts | Accounts with accounts type full | |
| 2018-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-03-01 | AA | accounts | Accounts with accounts type medium |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-05-31 vs 2023-05-31
-
Turnover
-17.6%
£46,586,107 £38,381,276
-
Cash
+76.3%
£8,756,532 £15,439,955
-
Net assets
+2.6%
£12,723,375 £13,048,850
-
Employees
+3.3%
120 124
-
Operating profit
-79.1%
£6,215,463 £1,296,975
-
Profit before tax
-72%
£6,283,335 £1,760,558
-
Wages
+8%
£5,695,273 £6,150,327
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers