MORGANS OF USK LIMITED
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Cash
£19M
+27.2% highest in 6 filed years
Net assets
£21M
+28.1% highest in 6 filed years
Employees
129
+4% vs 2024
Profit before tax
£11M
+84.3% highest in 6 filed years
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £27,041,184 | £29,548,518 | £38,157,786 | £46,586,107 | £42,835,080 | £54,503,274 | +27.2% | |
| Operating profit | £2,925,544 | £3,321,783 | £4,027,725 | £6,215,463 | £5,750,779 | £10,689,911 | +85.9% | |
| Profit before tax | £2,956,309 | £3,329,494 | £4,033,249 | £6,283,335 | £6,214,362 | £11,454,200 | +84.3% | |
| Net profit | £2,397,342 | £2,874,304 | £3,291,032 | £5,096,602 | £4,665,828 | £8,597,212 | +84.3% | |
| Cash | £7,691,000 | £8,046,910 | £5,416,322 | £8,756,532 | £14,673,931 | £18,658,774 | +27.2% | |
| Total assets less current liabilities | £7,577,206 | £8,417,341 | £9,850,298 | £12,911,635 | £16,683,509 | £21,274,477 | +27.5% | |
| Net assets | £7,461,437 | £8,335,741 | £9,626,773 | £12,723,375 | £16,389,203 | £20,986,415 | +28.1% | |
| Equity | £7,461,437 | £8,335,741 | £9,626,773 | £12,723,375 | £16,389,203 | £20,986,415 | +28.1% | |
| Average employees | 115 | 122 | 131 | 120 | 124 | 129 | +4% | |
| Wages | £4,433,225 | £4,851,836 | £5,612,802 | £5,695,273 | £6,150,327 | £6,858,024 | +11.5% | |
| Directors' remuneration | £217,000 | £217,564 | £217,000 | £217,000 | £217,000 | £217,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.8% | 11.2% | 10.6% | 13.3% | 13.4% | 19.6% | |
| Net margin | 8.9% | 9.7% | 8.6% | 10.9% | 10.9% | 15.8% | |
| Return on capital employed | 38.6% | 39.5% | 40.9% | 48.1% | 34.5% | 50.2% | |
| Gearing (liabilities / total assets) | — | — | — | 50.1% | 43.8% | 38.5% | |
| Current ratio | — | — | — | 1.91x | 2.19x | 2.52x |
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
- Ellis Lloyd Jones Audit Limited
- 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
- “Turnover increased from £42,835,080 to £54,503,274 (27.24% growth).”
- “Operating profit increased from £5,750,779 to £10,689,911, and profit before tax rose from £6,214,362 to £11,454,200.”
- “Company invested £565,893 in plant and machinery upgrades.”
- “Prior year adjustment for 2024 increased net profit by £3,340,353 due to unrecognised revenue of £4,453,804.”
- “Contingent liabilities for performance bonds were £781,535 (2024: £502,547).”
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 107 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type full | |
| 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 |
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.