Morspan Construction Limited
Registered name: MORSPAN CONSTRUCTION LIMITED
Part of Atom Fabrications Limited groupMorspan Construction Limited made £16m revenue and £564k profit in the year to 30 Apr 2024.
Morspan Construction Limited’s revenue grew 79% to £16m in the year to 30 Apr 2024, with £564k profit and 31 employees. The company is classified under “construction of commercial buildings” and is based in Cwmbran; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cwmbran, Wales
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £20.2m | £8.9m | £16m |
| Cost of sales | £19.6m | £8.1m | £13.9m |
| Gross profit | £604k | £790k | £2.1m |
| Operating profit | −£511k | −£127k | £809k |
| Profit before tax | −£507k | −£123k | £783k |
| Profit after tax | −£169k | −£102k | £564k |
| Profit (best available) | −£169k | −£102k | £564k |
| Staff costs | £1.3m | £1.3m | £1.8m |
| Employees (average) | 31 | 32 | 31 |
| Ratios | |||
| Profit margin | −0.8% | −1.1% | 3.5% |
| Gross margin | 3% | 8.8% | 13.3% |
| Revenue per employee | £652k | £279k | £516k |
| Profit per employee | −£5.5k | −£3.2k | £18.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▼55.8% | ▲79.1% |
| Headcount growth | — | ▲3.2% | ▼3.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1m | £1.5m | £666k |
| Net assets | £2.2m | £2.1m | £2.7m |
| Fixed assets | £425k | £555k | £555k |
| Current assets | £5.1m | £5m | £6.6m |
| Debtors | £1.1m | £2.4m | £3.6m |
| Deferred income | £326k | £241k | £314k |
| Cash from operations | −£22.3k | −£298k | — |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 3.5%
- Profit ÷ revenue.
- Gross margin
- 13.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £516k
- Revenue ÷ average employees.
- Profit per employee
- £18.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 22.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲26%
- Now £2.7m
- Cash at bank
- ▼54%
- Now £666k
- Headcount
- ▼3%
- Now 31
- Deferred income
- ▲31%
- Now £314k
- Fixed assets
- 0%
- Now £555k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Atom Fabrications Limitedultimate parent75–100%
- Rawt Investments Limited75–100%
- Morspan Construction Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £564k), from the Companies House accounts bulk data published Apr 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.