Morses Club Ltd.
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Morses Club Ltd. - overview
Established
2009
Location
Batley, -, UK
Primary Industry
Financial Services
About
Morses Club Ltd. is a financial services provider that specializes in home collected credit and personal loans, delivering tailored financial solutions to underserved markets in the UK. Founded in 2009 in Batley, UK, Morses Club Ltd. offers personalized financial services primarily through a network of agents.
The company completed its IPO on May 5, 2016, raising GBP 68. 50 million. The company's operations focus on providing accessible credit to individuals facing financial challenges. Morses Club specializes in offering a variety of financial services, particularly home collected credit and personal loans targeted at underserved markets.
Their key products include unsecured loans that are delivered through agents, facilitating a personalized lending experience. This approach aims to assist clients with unexpected expenses or planned purchases, supported by flexible repayment terms that cater to diverse financial situations. Morses Club primarily serves customers in the UK who may struggle to access traditional banking services, promoting responsible lending practices that enhance customer trust. In the most recent year, 2023, Morses Club reported a revenue of GBP 85,263,833.
10, while the EBITDA for the same year was GBP -6,761,201. 60. The company generates income through interest and fees related to its lending products, maintaining strong client relationships through its agent-based application and repayment processes. Morses Club's future growth strategy includes the launch of new financial products aimed at broadening their service offerings.
The company plans to expand into additional regions within the UK, leveraging recent funding from its IPO, which raised GBP 68. 50 million, to support these initiatives. The IPO enabled Morses Club to strengthen its capital position, facilitating the development of new products and enhancing its market reach.
Current Investors
Rcapital
Primary Industry
Financial Services
Sub Industries
Business Support Services, Consumer Finance, Credit Collections & Services, Mortgage Banking
Website
www.morsesclub.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Morses Club Ltd. - financials
| Fiscal Year Ended | Feb 26, 2011 | Feb 25, 2012 | Feb 23, 2013 | Feb 22, 2014 | Feb 28, 2015 | Feb 27, 2016 | Feb 25, 2017 | Feb 24, 2018 | Feb 23, 2019 | Feb 29, 2020 | Feb 27, 2021 | Feb 26, 2022 | Feb 25, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,339,709 | 15,005,239 | 17,292,769 | 18,478,283 | 20,280,852 | 90,566,085 | 99,578,000 | 116,576,000 | 117,006,000 | 133,651,000 | - | - | - |
| % Revenue Growth (YoY) | - | 4.6% | 15.2% | 6.9% | 9.8% | 346.6% | 10.0% | 17.1% | 0.4% | 14.2% | - | - | - |
| EBITDA (USD) | 3,141,884 | 2,866,903 | 3,444,831 | 3,588,251 | 4,693,903 | 16,671,615 | 17,102,000 | 21,102,000 | 24,646,000 | 20,277,000 | - | - | - |
| Operating Income (USD) | 2,705,452 | 2,426,593 | 3,055,389 | 3,346,055 | 4,300,132 | 10,988,645 | 12,146,000 | 17,589,000 | 21,962,000 | 14,706,000 | - | - | - |
| Operating Margin | 18.9% | 16.2% | 17.7% | 18.1% | 21.2% | 12.1% | 12.2% | 15.1% | 18.8% | 11.0% | - | - | - |
| % EBITDA Margin | 21.9% | 19.1% | 19.9% | 19.4% | 23.1% | 18.4% | 17.2% | 18.1% | 21.1% | 15.2% | - | - | - |
| NET Income (USD) | 2,572,001 | 1,611,126 | 2,234,154 | 2,536,496 | 4,234,556 | 7,916,433 | 8,599,000 | 13,092,000 | 16,175,000 | 9,477,000 | - | - | - |
| % Net Margin | 17.9% | 10.7% | 12.9% | 13.7% | 20.9% | 8.7% | 8.6% | 11.2% | 13.8% | 7.1% | - | - | - |
Morses Club Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Morses Club Ltd. | - | ||||||||
| Add-on | Completed | NFL Direct Limited Book Debt Assets | - | ||||||||
| Buyout | Completed | Morses Club Ltd. | - |
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