Morr & Co LLP
Registered name: MORR & CO LLP
Morr & Co LLP made £12.4m revenue and £3.2m profit in the year to 31 Mar 2024.
Morr & Co LLP’s revenue fell 10% to £12.4m in the year to 31 Mar 2024, with £3.2m profit and 22 employees. The company is based in Redhill; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Redhill, South East
- Age
- 20 yrs · since 2006
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. 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 | 30 Apr 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £13.8m | £12.4m |
| Operating profit | £2.7m | £2m |
| Profit after tax | £3.1m | £3.2m |
| Profit (best available) | £3.1m | £3.2m |
| Employees (average) | 24 | 22 |
| Ratios | ||
| Profit margin | 22.4% | 25.6% |
| Revenue per employee | £574k | £563k |
| Profit per employee | £128k | £144k |
| Cash conversion | 98.1% | 48.9% |
| Growth (year on year) | ||
| Revenue growth | — | ▼10.1% |
| Profit growth | — | ▲3% |
| Headcount growth | — | ▼8.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £772k | £82.3k |
| Net assets | £3.4m | £3.7m |
| Fixed assets | £707k | £622k |
| Current assets | £6.8m | £7m |
| Debtors | £2.3m | £2.4m |
| Deferred income | £347k | £299k |
| Cash from operations | £2.6m | £978k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 25.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £563k
- Revenue ÷ average employees.
- Profit per employee
- £144k
- Profit ÷ average employees.
- Cash conversion
- 48.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.5%
- 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
- ▲11%
- Now £3.7m
- Cash at bank
- ▼89%
- Now £82.3k
- Headcount
- ▼8%
- Now 22
- Deferred income
- ▼14%
- Now £299k
- Fixed assets
- ▼12%
- Now £622k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- H&H Lawyers LimitedFigures not disclosed
- Morrisons Trustees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £3.2m), from the Companies House accounts bulk data published Dec 2024. 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.