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Morses Club Fundamentals

Company Name Morses Club Last Updated 15 Mar 2019
Industry Financial Services Sector Financial Services
Shares in Issue (m) 129.79 Market Cap (£m) 233.63
PE Ratio 17.80 Div per Share (p) 7.00
Div Yield 0.00 Div Cover 1.37
EPS 10.11 EPS Growth (%) 52.26
PEG 0.34 DPS Growth (%) 9.38
Debt Ratio 19.09 Debt Equity Ratio 0.70
Net Gearing 19.71 Gross Gearing 25.18
Asset Equity Ratio 1.34 Cash Equity Ratio 7.32
Quick Ratio 11.87 Current Ratio 11.87
Price To Book Value 3.51 ROCE 19.62

Morses Club Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
H1 Dividend 27 Dec 2018 19 Jan 2019 GBX 2.60
H2 Dividend 28 Jun 2018 27 Jul 2018 GBX 4.80 7.00
H1 Dividend 28 Dec 2017 19 Jan 2018 GBX 2.20
H2 Dividend 22 Jun 2017 21 Jul 2017 GBX 4.30 6.40
H1 Dividend 20 Oct 2016 18 Nov 2016 GBX 2.10

Morses Club Company Financials

Assets (£m) 2018 2017 2016
Tangible Assets 1 1 1
Intangible Assets 8 10 10
Investments 0 0 1
Total Fixed Assets 9 11 12
Stocks 0 0 0
Debtors 75 63 58
Cash & Equivalents 5 4 4
Other Assets 0 0 0
Total Assets 89 78 74
Liabilities (£m) 2018 2017 2016
Creditors within 1 year 7 6 7
Creditors after 1 year 16 11 11
Other Liabilities 0 0 0
Total Liabilities 22 17 18
Net assets 67 61 55
Equity (£m) 2018 2017 2016
Called up share capital 1 1 1
Share Premium 0 0 0
Profit / Loss 16 11 10
Other Equity 0 0 0
Preference & Minorities 0 0 0
Total Capital Employed 67 61 55
Ratios 2018 2017 2016
Debt Ratio 19.09 14.75 16.42
Debt-to-Equity 0.70 0.64 0.59
Net Gearing 19.71 16.08 19.78
Gross Gearing 25.18 21.20 24.87
Assets / Equity 1.34 1.27 1.33
Cash / Equity 7.32 6.49 6.78
EPS 10.11 6.64 6.11
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 7 10 15
Cashflow before financing 5 3 4
Increase in Cash 1 0 -5
Income (£m) 2018 2017 2016
Turnover 117 100 91
Cost of sales 58 47 38
Gross Profit 58 53 53
Operating Profit 18 12 11
Pre-Tax profit 16 11 10
Profit / Loss for the year 1 1 1

Morses Club Company Background

Sector Financial Services
Activities Morses Club plc is the second largest UK Home Collected Credit (HCC) lender with 230,000 customers and 1,900 agents across 94 locations throughout the UK. The Company offers a range of loan products to its customers through its extensive self-employed agent network. The majority of the Company's borrowers are repeat customers and the Company enjoys consistently high customer satisfaction with scores of 95% or above. The Company is using technology to broaden its offering and provide new products to ensure customers can access credit with the flexibility they require. In April 2016, its cashless lending product, the Morses Club Card, was introduced, enabling its customers to buy online as well as on the high street. Dot Dot Loans, the Company's first online instalment product, was launched in March 2017.
Latest Interim Date 04 Oct 2018
Latest Fiscal Year End Date 26 Apr 2018

Morses Club Directors

Appointed Director Position
20 Jan 2015 Paul Mark Smith Chief Executive Officer
01 Mar 2015 Thomas Andrew Thomson Chief Financial Officer
20 Jan 2015 Stephen Ashley Karle Non-Executive Chairman
01 Mar 2015 Peter Martin Ward Non-Executive Director
14 Apr 2016 Patrick Desmond Storey Non-Executive Director
14 Apr 2016 Joanne Carolyn Lake Non-Executive Director
14 Apr 2016 Sir Nigel Graham Knowles Non-Executive Director

Morses Club Contact Details

Company Name Morses Club
Company Address Centre 27 Business Park, Woodhead Road, Birstall, Batley WF17 9TD.
Company Telephone +44 (0)330 045 0719
Company Website http://www.morsesclubplc.com/

Morses Club Advisors

Auditor Name Deloitte & Touche LLP
Auditor Address Saltire Court, 20 Castle Terrace, Edinburgh EH1 2DB.
Auditor Website http://www.deloitte.com/
Auditor Telephone +44 (0)1312 210 002
Registrar Name Capita Registrars
Registrar Address The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
Registrar Website http://www.capitaregistrars.com/
Registrar Telephone 0870 162 3100
Broker Name Numis Securities
Broker Address The London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT.
Broker Website http://www.numiscorp.com/
Broker Telephone +44 (0)20 7260 1000
Adviser Name Numis Securities
Adviser Address The London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT.
Adviser Website http://www.numiscorp.com/
Adviser Telephone +44 (0)20 7260 1000
Solicitor Name Denton Wilde Sapte LLP
Solicitor Address One Fleet Place, London EC4M 7WS.
Solicitor Website http://www.dentonwildesapte.com/
Solicitor Telephone +44 (0)20 7242 1212
Stockbroker Name Panmure Gordon & Co
Stockbroker Address One New Change, London EC4M 9AF.
Stockbroker Website http://www.panmure.com/
Stockbroker Telephone +44 (0)20 7886 2500