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Morses Club Fundamentals
| Company Name | Morses Club | Last Updated | 17 Feb 2020 |
|---|---|---|---|
| Industry | Financials | Sector | Consumer Finance |
| Shares in Issue (m) | 131.24 | Market Cap (£m) | 154.21 |
| PE Ratio | 9.42 | Div per Share (p) | 7.80 |
| Div Yield | 6.64 | Div Cover | 1.60 |
| EPS | 12.48 | EPS Growth (%) | 23.44 |
| PEG | 0.40 | DPS Growth (%) | 11.43 |
| Debt Ratio | 16.55 | Debt Equity Ratio | 0.60 |
| Net Gearing | 16.42 | Gross Gearing | 24.78 |
| Asset Equity Ratio | 1.33 | Cash Equity Ratio | 11.12 |
| Quick Ratio | 8.92 | Current Ratio | 8.92 |
| Price To Book Value | 2.17 | ROCE | 23.77 |
Morses Club Dividends
| Type | Ex-Date | Pay Date | Currency | Net Dividend | Year Total |
|---|---|---|---|---|---|
| H1 Dividend | 24 Dec 2019 | 17 Jan 2020 | GBX | 2.60 | |
| H2 Dividend | 27 Jun 2019 | 26 Jul 2019 | GBX | 5.20 | 7.80 |
| 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) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Tangible Assets | 0 | 1 | 1 |
| Intangible Assets | 10 | 8 | 10 |
| Investments | 1 | 0 | 0 |
| Total Fixed Assets | 11 | 9 | 11 |
| Stocks | 0 | 0 | 0 |
| Debtors | 75 | 75 | 63 |
| Cash & Equivalents | 8 | 5 | 4 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 94 | 89 | 78 |
| Liabilities (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Creditors within 1 year | 9 | 7 | 6 |
| Creditors after 1 year | 14 | 16 | 11 |
| Other Liabilities | 0 | 0 | 0 |
| Total Liabilities | 23 | 22 | 17 |
| Net assets | 71 | 67 | 61 |
| Equity (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Called up share capital | 1 | 1 | 1 |
| Share Premium | 0 | 0 | 0 |
| Profit / Loss | 20 | 16 | 11 |
| Other Equity | 0 | 0 | 0 |
| Preference & Minorities | 0 | 0 | 0 |
| Total Capital Employed | 71 | 67 | 61 |
| Ratios | 2019 | 2018 | 2017 |
|---|---|---|---|
| Debt Ratio | 16.55 | 19.09 | 14.75 |
| Debt-to-Equity | 0.60 | 0.70 | 0.64 |
| Net Gearing | 16.42 | 19.71 | 16.08 |
| Gross Gearing | 24.78 | 25.18 | 21.20 |
| Assets / Equity | 1.33 | 1.34 | 1.27 |
| Cash / Equity | 11.12 | 7.32 | 6.49 |
| EPS | 12.48 | 10.11 | 6.64 |
| Cash Flow (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Cash from operating activities | 20 | 7 | 10 |
| Cashflow before financing | 16 | 5 | 3 |
| Increase in Cash | 3 | 1 | 0 |
| Income (£m) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Turnover | 117 | 117 | 100 |
| Cost of sales | 54 | 58 | 47 |
| Gross Profit | 63 | 58 | 53 |
| Operating Profit | 22 | 18 | 12 |
| Pre-Tax profit | 20 | 16 | 11 |
| Profit / Loss for the year | 1 | 1 | 1 |
Morses Club Company Background
| Sector | Consumer Finance |
|---|---|
| Activities | Morses Club plc is the second largest UK Home Collected Credit (HCC) lender with 235,000 customers and 2,050 agents across 95 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 97% 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 | 10 Oct 2019 |
| Latest Fiscal Year End Date | 02 May 2019 |
Morses Club Directors
| Appointed | Director | Position |
|---|---|---|
| 20 Jan 2015 | Paul Mark Smith | Chief Executive Officer |
| 01 Jul 2019 | Andrew Joseph Hayward | Chief Financial Officer |
| 20 Jan 2015 | Stephen Ashley Karle | Non-Executive Chairman |
| 01 Mar 2015 | Peter Martin Ward | Non-Executive Director |
| 01 Mar 2015 | Thomas Andrew Thomson | Non-Executive Director |
| 14 Apr 2016 | Joanne Carolyn Lake | Non-Executive Director |
| 14 Apr 2016 | Sir Nigel Graham Knowles | Non-Executive Director |
| 05 May 2019 | Baroness Simone Jari Finn | Non-Executive Director |
| 01 Sep 2019 | Leslie Gordon Easson | 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 | Link Asset Services |
| Registrar Address | The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. |
| Registrar Website | http://www.linkassetservices.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 |
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