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Morgana systems ltd

Milton Keynes, Buckinghamshire. Registration No: 01335508

  • Registration Number

    01335508

  • Incorporation Date

    25/10/1977

  • Last Annual Return

    Not available

  • Address

    Morgana House, 9 Davy Avenue, Milton Keynes, Buckinghamshire. MK5 8HJ

  • Website

    www.morgana.co.uk

  • Audit Fees

    £24,000

  • Secretary

    Not available

Directors

Active

Mr Jan Marstorp (61 yrs)

Active

Mr Ola Lars Erik Nilsson (49 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Weeks 52 52 52 52 52
Total Sales (£000) 12560 15961 16973 20680 21583
Directors Fees 0 0 0 0 0
Gross Profits 3936 5018 5085 5967 6228
Value Added 3575 4573 4374 5118 5032
Trading Profit 288 1241 728 1458 1559
Depreciation 152 181 188 209
Non-Trading Income 4 0 7 0 0
Total Interest Charges 0 0 50 190 171
Pre-tax Profit 140 1060 497 1059 1200
Retained Profit (Shareholders Funds) 260 185 237 309 635
Fixed Assets 1649 1623 4592 4607 4377
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 5538 5364 6739 6169 5365
Debtors 1599 1623 2124 1935 1717
Cash or Equivalent 3664 3800 1602 2165 541.25
Total Current Assets 10801 10787 10465 10269 7623
Creditors 411 414 480 784 941
Short Term Borrowing 3053 2981 2484 1796 0
Other Current Liabilities 1597 1440 1657 1691 1691
Total Current Liabilities 5061 4835 4621 4271 2632
Net Current Assets 5740 5952 5844 5998 4991
Shareholders Funds 7389 7574 7811 8120 8755
Total Loan Capital 0 0 2625 2485 613.25
Other Capital Employed 0 0 0 0 0
Total Capital Employed 7389 7574 10436 10605 9368
Pretax Profit Margin % 1.11 6.64 2.93 5.12 5.56
Sales Growth % -10 27 6 22 4
Pretax Profit Growth % -82 657 -53 113 13.00
Debtor Ratio Days 46 37 46 34 28.9501450676983
Creditor Ratio Days 12 9 10 14 15.8695551257253
Stock Turnover 2 3 3 3 4.02269411574
Sales £000 / Employee 161 181 200 262 287.949367088608
Value Added £000/Empl. 46 52 51 65 67.1333610015909
Av. Remun. £000 / Empl. 42 38 43 46 46.3291139240506
Total Empl. Remu. £000 3287 3332 3646 3660 3472.61179520415
Employees 78 88 85 79 74.9552819183409
Pretax Profit/Total Assets % 1 9 3 7 10

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
  • Total Sales have increased by 21.8% in the latest year, well above the industry average of 5.1%.
  • Sales per Employee is £262,000 which is well above the industry average of £212,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Exports contribute 72% towards the Total Sales of the company.
  • Pretax Profit Margin is 5.1% in the latest year, well above the industry average of 0.4%.
  • Pretax Profit Margin has markedly improved from 2.9% to 5.1% in the latest year.
  • Shareholders received £720,000 in dividends this year, over 68% of the pretax profits of the company.
  • The formal debt of the company is high, representing 21% of Total Sales.
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is the only Best Trading Partner in this industry (see section 1c).
  • The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
  • The company is among the Top 2 in terms of Trading Profits.
  • The company is among the Top 3 Leaders in Efficiency.

Company

Industry Av.

Proposed

Company Summary

The company currently has £20.7m sales and made £1.1m, by following the proposal plan, sales would be level but profits would rise to £1.2m.

Key Attractiveness Features

  • PRIVATELY OWNED
  • ADD £20.7m TO SALES
  • FEW DIRECTORS
  • HIGH DIVIDEND

Acquisition Attractiveness Rating

  • Low number of shareholders
  • Company is privately owned
  • Low number of directors
  • Sales growth above the industry average
  • Low financial rating
  • High gross earnings
  • Big difference between current and future value
  • Directors fees represent high proportion of profits
  • Average age of directors is high
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 12560 15961 16973 20680 21583
Pre-tax Profit (£000) 140 1060 497 1059 1200
Total Value (£000) 9466 13910 16155 18956 18314
Asset Value (£000) 8786 8610 13455 12711 11459
Goodwill (£000) 680 5300 2700 6245 6855
Liabilities (£000) -1397 -1035 -5644 -4591 -2704
Equity Value (£000) 8069 12875 10511 14365 15610

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

PLOCKMATIC INTERNATIONAL AKTIEBOLAG (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

This company has been established 48 years.

The number of shareholders is low (1)

1 director is over 60 years of age.

The value of the company has risen in each of the last 2 years.

The value of the company has fluctuated in the last 2 years.

The total value of the company is currently £19.0m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 10% return on total assets.

The proposed plan would improve the overall financial strength of the company by 86%.

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