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Morses Club Fundamentals

Company Name Morses Club Last Updated 22 Jul 2019
Industry Financials Sector Consumer Finance
Shares in Issue (m) 129.79 Market Cap (£m) 166.13
PE Ratio 10.26 Div per Share (p) 7.80
Div Yield 0.00 Div Cover 1.60
EPS 12.48 EPS Growth (%) 23.44
PEG 0.44 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 2.34 ROCE 23.77

Morses Club Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
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 04 Oct 2018
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 Sep 2019 Leslie Gordon Easson Non-Executive Director
05 May 2019 Baroness Simone Jari Finn Non-Executive Director
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

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