MORGAN MOTOR COMPANY LIMITED

1. MORGAN MOTOR COMPANY LIMITED 2018-08-10 → present
2. MORGAN TECHNOLOGIES LIMITED 2010-12-03 → 2018-08-10

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the directors believe that the company is well placed to manage its business risks successfully and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They have therefore concluded that there is no material uncertainty about the ability of the company to continue as a going concern and that it remains appropriate to continue to prepare the financial statements on a going concern basis.”

Group structure

1. MORGAN MOTOR COMPANY LIMITED · parent
   1. Morgan Works - Malvern Limited 100% · England · Servicing of Morgan Motor vehicles
   2. Morgan Motor Company Sales Limited 100% · England · Dormant company

Significant events

• “In spring 2024, the new Plus Four was announced. This project introduced several design, dynamic, and technology updates, informed by over 70 years of evolution.”
• “The new Plus Four was shortly followed by the public announcement of Midsummer, a collaboration between the company and Pininfarina, celebrating more than two centuries of combined coach-building expertise. Just 50 Midsummer vehicles will be produced during 2024 and 2025, all of which were pre-sold prior to public reveal.”
• “To build upon the foundation of special projects and further highlight Morgan's design versatility, the Super 3 Origins project was introduced. Launched at the Goodwood Festival of Speed in July, this collection of nine designs drew inspiration from original themes that informed the Super 3's development.”
• “In autumn, attention turned to the runout of Plus Six, a model set to end production in early 2025 to make way for Supersport, Morgan's new flagship sports car. To celebrate the success of Plus Six over its five-year lifespan, a final edition vehicle was planned: Plus Six Pinnacle. Limited to just 30 examples worldwide.”
• “The fourth quarter also saw long-awaited regulatory approval granted, allowing Plus Four to officially go on sale in the United States.”
• “In October 2024, Matthew Hole assumed the role of Managing Director, having led the company's engineering and R&D functions since 2021.”
• “The company revised its Super 3 vehicle volume forecasts, which gave rise to an impairment charge for both stock holding and capitalised development costs.”
• “Supply chain disruption persisted throughout the year to varying extents. Several key suppliers encountered financial difficulties, necessitating swift and decisive action to avoid production delays. This response impacted cash reserves, margins, and production efficiency.”
• “During the year the UK and EU automotive market conditions for luxury/premium private segments softened significantly, leading to a contraction of demand for Morgan Motor. This also created pressure on working capital for the majority of our multi-brand dealers, with increased vehicle stock across all brands and additional stock financing costs.”
• “2024 also saw the final development stages of the Supersport, the company's new flagship car. Critical testing and validation took place throughout the year, with the first complete prototype vehicles preparing the business for the full start of production in 2025.”
• “The company published its 2024 sustainability report, available on its website (https://morgan-motor.com/wp-conteril/uploads/2025-Sustainability-Report-Web.pdf).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -26.5%

  £48,354,299 → £35,528,477

• Cash

  -23.1%

  £8,391,676 → £6,451,042

• Net assets

  -195.8%

  £4,132,762 → -£3,958,593

• Employees

  -11.2%

  223 → 198

• Operating profit

  +39%

  -£9,391,208 → -£5,727,254

• Profit before tax

  +29.2%

  -£10,989,786 → -£7,776,841

• Wages

  -4.5%

  £8,691,038 → £8,298,171

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers