Morgans of Usk Group Limited
Registered name: MORGANS OF USK GROUP LIMITED
Morgans of Usk Group Limited made £55.7m revenue and £8.7m profit in the year to 31 May 2025.
Morgans of Usk Group Limited’s revenue grew 27% to £55.7m in the year to 31 May 2025, with £8.7m profit and 129 employees. The company is classified under “activities of other holding companies” and is based in Newport; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Newport, Wales
- Age
- 14 yrs · since 2011
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £38.6m | £47m | £43.9m | £55.7m |
| Cost of sales | £29.2m | £34.6m | £31.2m | £37m |
| Gross profit | £9.3m | £12.5m | £12.7m | £18.6m |
| Operating profit | £4.5m | £6.6m | £5.8m | £10.8m |
| Profit before tax | £4.5m | £7.1m | £6.7m | £11.6m |
| Profit after tax | £3.6m | £5.9m | £1.8m | £8.7m |
| Profit (best available) | £3.6m | £5.9m | £1.8m | £8.7m |
| Employees (average) | 131 | 120 | 124 | 129 |
| Ratios | ||||
| Profit margin | 9.4% | 12.6% | 4.1% | 15.6% |
| Gross margin | 24.2% | 26.5% | 28.9% | 33.5% |
| Revenue per employee | £294k | £392k | £354k | £431k |
| Profit per employee | £27.8k | £49.2k | £14.4k | £67.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲21.9% | ▼6.6% | ▲26.8% |
| Profit growth | — | ▲62.5% | ▼69.8% | ▲386.9% |
| Headcount growth | — | ▼8.4% | ▲3.3% | ▲4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.5m | £838k | £1.3m | — |
| Net assets | £13.1m | £15.1m | £16.3m | — |
| Fixed assets | £8.6m | £13.1m | £13.6m | — |
| Current assets | £5.8m | £3.9m | £4.2m | — |
| Debtors | £3.7k | £0 | £65.4k | — |
| Deferred income | £6.1k | £128k | £12.4k | — |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 | FullAccounts · bulk data May 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 15.6%
- Profit ÷ revenue.
- Gross margin
- 33.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £431k
- Revenue ÷ average employees.
- Profit per employee
- £67.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲4%
- Now 129
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Morgans of Usk LimitedRev. £54.5m · Profit £8.6m
- Morgan (Power Generation) LimitedRev. £0 · Profit −£6.4k
- Alice Springs Lodge LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2025 (profit £8.7m), from the Companies House accounts bulk data published Jun 2026. 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.