MORRIS LINE ENGINEERING (HOLDINGS) LIMITED
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Cash
£879K
-14.4% vs 2023
Net assets
£7.9M
+12.4% highest in 4 filed years
Employees
143
-6.5% lowest in 3 filed years
Profit before tax
£1.2M
+36.3% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £18,816,627 | £21,040,340 | +11.8% | |
| Operating profit | — | — | £872,278 | £1,182,087 | +35.5% | |
| Profit before tax | — | — | £867,144 | £1,181,969 | +36.3% | |
| Net profit | -£42,054 | -£44,666 | £769,860 | £1,094,546 | +42.2% | |
| Cash | £64,052 | £62,678 | £1,026,933 | £879,159 | -14.4% | |
| Total assets less current liabilities | £2,541,120 | £2,264,710 | £7,079,918 | £7,982,786 | +12.8% | |
| Net assets | £1,182,946 | £1,213,280 | £6,984,616 | £7,850,579 | +12.4% | |
| Equity | £1,182,946 | £1,213,280 | £6,984,616 | £7,850,579 | +12.4% | |
| Average employees | — | 145 | 153 | 143 | -6.5% | |
| Wages | — | — | £4,889,725 | £4,960,858 | +1.5% | |
| Directors' remuneration | — | — | £469,627 | £487,897 | +3.9% |
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 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 4.6% | 5.6% | |
| Net margin | — | — | 4.1% | 5.2% | |
| Return on capital employed | — | — | 12.3% | 14.8% | |
| Current ratio | — | — | 2.98x | 4.37x |
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.
Name history
Renamed 1 time since incorporation
- MORRIS LINE ENGINEERING (HOLDINGS) LIMITED 2019-02-11 → present
- HEMINGWAY 1 LIMITED 2018-12-11 → 2019-02-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed whether there are any material uncertainties that may cast significant doubt about the group's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the directors have taken in to account all available information about the future, and conclude that the group has adequate resources to to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- MORRIS LINE ENGINEERING (HOLDINGS) LIMITED · parent
- Morris Line Engineering Limited 100%
- JW Morris Limited 100%
- Morris Line Engineering MLE FZE 100%
Significant events
- “The group operates within defined structures with a culture of fairness and openness to enhance long term shareholder and stakeholder value.”
- “The expertise, commitment and support of the company employees is central to its success. The Directors sincerely thank all their colleagues for their hard work to help deliver these results during a challenging year.”
- “The group operates in a highly competitive market. Significant product innovations, technical advances or the intensification of price competition could adversely affect the results of the group.”
- “Effective management of cash and working capital is a key ongoing priority. The group has invoice discounting facilities in place to ensure there are sufficient funds for its operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SELDEN, Rachel | Secretary | 2019-04-24 | — | — |
| BAILEY, Glyn Ian | Director | 2021-07-01 | Dec 1955 | British |
| KEARLE, David | Director | 2018-12-11 | Feb 1965 | British |
| SELDEN, Rachel | Director | 2018-12-11 | Dec 1978 | British |
| THOMAS, Simon Lee | Director | 2019-03-13 | Sep 1972 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Brenda Gillett, Dr | Director | 2019-11-01 | 2021-06-30 |
| JONES, Brian | Director | 2019-03-13 | 2020-08-28 |
| WALAVALKAR, Ajeet | Director | 2019-03-13 | 2020-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Rachel Selden | Individual | Shares 25–50%, Voting 25–50% | 2018-12-11 | Ceased 2019-03-29 |
| Mr David Kearle | Individual | Shares 25–50%, Voting 25–50% | 2018-12-11 | Ceased 2019-03-29 |
Filing timeline
Last 20 of 47 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-02-18 MA Memorandum articles
- 2022-02-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-16 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-05 | AA | accounts | Accounts with accounts type group | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-02 | SH06 | capital | Capital cancellation shares | |
| 2022-09-02 | SH03 | capital | Capital return purchase own shares | |
| 2022-08-18 | SH06 | capital | Capital cancellation shares | |
| 2022-07-14 | AA | accounts | Accounts with accounts type group | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-18 | MA | incorporation | Memorandum articles | |
| 2022-02-18 | RESOLUTIONS | resolution | Resolution | |
| 2021-09-03 | AA | accounts | Accounts with accounts type full | |
| 2021-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.