norland college limited
norland college limited Company Information
Company Number
00193170
Website
www.norland.co.ukRegistered Address
york villa, york place, london road, bath, bath & ne somerset, BA1 6AE
Industry
First-degree level higher education
Other education n.e.c.
Telephone
01225904040
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
the norland foundation 100%
norland college limited Estimated Valuation
Pomanda estimates the enterprise value of NORLAND COLLEGE LIMITED at £3.7m based on a Turnover of £5.9m and 0.63x industry multiple (adjusted for size and gross margin).
norland college limited Estimated Valuation
Pomanda estimates the enterprise value of NORLAND COLLEGE LIMITED at £1.8m based on an EBITDA of £476.6k and a 3.8x industry multiple (adjusted for size and gross margin).
norland college limited Estimated Valuation
Pomanda estimates the enterprise value of NORLAND COLLEGE LIMITED at £10.1m based on Net Assets of £5m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Norland College Limited Overview
Norland College Limited is a live company located in bath, BA1 6AE with a Companies House number of 00193170. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in October 1923, it's largest shareholder is the norland foundation with a 100% stake. Norland College Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with healthy growth in recent years.
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Norland College Limited Health Check
Pomanda's financial health check has awarded Norland College Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £5.9m, make it larger than the average company (£3.5m)
£5.9m - Norland College Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.5%)
7% - Norland College Limited
4.5% - Industry AVG
Production
with a gross margin of 43%, this company has a comparable cost of product (43%)
43% - Norland College Limited
43% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (5.5%)
3.8% - Norland College Limited
5.5% - Industry AVG
Employees
with 66 employees, this is above the industry average (38)
66 - Norland College Limited
38 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has a higher pay structure (£39.8k)
£50.6k - Norland College Limited
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £88.8k, this is equally as efficient (£102.3k)
£88.8k - Norland College Limited
£102.3k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is near the average (27 days)
24 days - Norland College Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (21 days)
14 days - Norland College Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (5 days)
0 days - Norland College Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 69 weeks, this is average cash available to meet short term requirements (64 weeks)
69 weeks - Norland College Limited
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13%, this is a lower level of debt than the average (45%)
13% - Norland College Limited
45% - Industry AVG
NORLAND COLLEGE LIMITED financials
Norland College Limited's latest turnover from July 2023 is £5.9 million and the company has net assets of £5 million. According to their latest financial statements, Norland College Limited has 66 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,863,958 | 4,827,011 | 4,677,188 | 4,749,366 | 4,657,975 | 4,356,119 | 3,839,354 | 3,414,212 | 2,428,355 | 2,067,978 | 2,398,118 | 2,085,344 | 1,897,225 | 1,737,081 | 1,329,804 |
| Other Income Or Grants | 0 | ||||||||||||||
| Cost Of Sales | 0 | ||||||||||||||
| Gross Profit | 2,398,118 | ||||||||||||||
| Admin Expenses | 2,461,532 | ||||||||||||||
| Operating Profit | 221,211 | 201,170 | 264,078 | 354,345 | 363,956 | 389,815 | 525,691 | 549,391 | 320,335 | 13,237 | -63,414 | -267,706 | -77,717 | -85,132 | -5,295 |
| Interest Payable | 0 | 0 | 0 | 4,864 | 13,690 | 13,958 | 2,994 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 13,438 | 544 | 135 | 23,277 | 41,761 | 551 | 697 | 7,307 | 16,055 | 2,191 | 4,346 | 2,764 | 15,426 | 32,944 | 21,939 |
| Pre-Tax Profit | 234,649 | 201,714 | 264,213 | 372,758 | 392,027 | 413,307 | 560,745 | 534,325 | 382,894 | 100,167 | 74,980 | -185,335 | 56,698 | 48,592 | 16,279 |
| Tax | 0 | 0 | 0 | 0 | 137,062 | -106,050 | -38,649 | -85,008 | 28,363 | -6,158 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 234,649 | 201,714 | 264,213 | 372,758 | 529,089 | 307,257 | 522,096 | 449,317 | 411,257 | 94,009 | 74,980 | -185,335 | 56,698 | 48,592 | 16,279 |
| Dividends Paid | 0 | 0 | 0 | 1,332,097 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 234,649 | 201,714 | 264,213 | -959,339 | 529,089 | 307,257 | 522,096 | 449,317 | 411,257 | 94,009 | 74,980 | -185,335 | 56,698 | 48,592 | 16,279 |
| Employee Costs | 3,341,898 | 2,827,133 | 2,739,028 | 2,599,585 | 2,259,504 | 2,006,764 | 1,579,882 | 1,360,770 | 1,108,978 | 1,140,919 | 1,443,142 | ||||
| Number Of Employees | 66 | 59 | 58 | 71 | 62 | 47 | 37 | 35 | 28 | 28 | 47 | ||||
| EBITDA* | 476,594 | 484,562 | 548,109 | 673,508 | 695,583 | 764,370 | 672,092 | 692,213 | 426,988 | 1,126,335 | 53,137 | -160,793 | 5,873 | -274 | 43,427 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,028,168 | 4,214,122 | 4,422,213 | 4,668,985 | 4,930,585 | 5,227,828 | 5,353,754 | 2,636,629 | 1,574,637 | 1,514,973 | 1,378,181 | 1,088,207 | 1,129,991 | 1,153,089 | 1,159,311 |
| Intangible Assets | 82,611 | 80,625 | 5,140 | 6,366 | 9,388 | 28,165 | 46,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 1,328,078 | 1,300,956 | 1,268,778 | 1,186,800 | 2,202,833 | 2,427,282 | 2,386,269 | 2,572,494 | 2,466,545 | 2,319,087 | 2,266,964 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,110,779 | 4,294,747 | 4,427,353 | 4,675,351 | 6,268,051 | 6,556,949 | 6,669,474 | 3,823,429 | 3,777,470 | 3,942,255 | 3,764,450 | 3,660,701 | 3,596,536 | 3,472,176 | 3,426,275 |
| Stock & work in progress | 8,643 | 7,338 | 19,042 | 27,031 | 6,365 | 7,848 | 8,218 | 11,489 | 8,053 | 2,308 | 4,771 | 3,748 | 1,590 | 1,833 | 799 |
| Trade Debtors | 393,210 | 17,311 | 50,334 | 30,224 | 40,520 | 53,580 | 28,061 | 40,874 | 16,301 | 87,362 | 100,080 | 54,468 | 83,866 | 75,394 | 50,163 |
| Group Debtors | 1,013 | 90,196 | 22,556 | 2,560 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 229,275 | 163,895 | 293,963 | 192,432 | 199,275 | 94,278 | 204,712 | 659,230 | 282,061 | 89,209 | 97,922 | 80,349 | 90,566 | 51,343 | 65,460 |
| Cash | 1,003,486 | 1,059,280 | 1,202,370 | 1,019,002 | 1,440,445 | 889,776 | 593,904 | 1,457,626 | 1,232,089 | 553,374 | 641,028 | 285,248 | 251,857 | 257,185 | 198,164 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,635,627 | 1,338,020 | 1,588,265 | 1,271,249 | 1,686,605 | 1,045,482 | 834,895 | 2,169,219 | 1,538,504 | 732,253 | 843,801 | 423,813 | 427,879 | 385,755 | 314,586 |
| total assets | 5,746,406 | 5,632,767 | 6,015,618 | 5,946,600 | 7,954,656 | 7,602,431 | 7,504,369 | 5,992,648 | 5,315,974 | 4,674,508 | 4,608,251 | 4,084,514 | 4,024,415 | 3,857,931 | 3,740,861 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 63,654 | 62,080 | 59,424 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 135,951 | 95,455 | 167,567 | 133,365 | 179,526 | 75,914 | 264,932 | 85,294 | 77,562 | 65,314 | 131,281 | 84,423 | 99,877 | 65,079 | 30,356 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 611,368 | 492,274 | 639,953 | 569,350 | 465,785 | 574,195 | 584,181 | 451,644 | 293,477 | 205,020 | 361,280 | 256,398 | 133,998 | 133,767 | 192,279 |
| total current liabilities | 747,319 | 587,729 | 807,520 | 702,715 | 708,965 | 712,189 | 908,537 | 536,938 | 371,039 | 270,334 | 492,561 | 340,821 | 233,875 | 198,846 | 222,635 |
| loans | 0 | 0 | 0 | 0 | 452,844 | 516,544 | 580,477 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 137,062 | 118,154 | 162,583 | 158,484 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 452,844 | 653,606 | 698,631 | 162,583 | 158,484 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 747,319 | 587,729 | 807,520 | 702,715 | 1,161,809 | 1,365,795 | 1,607,168 | 699,521 | 529,523 | 270,334 | 492,561 | 340,821 | 233,875 | 198,846 | 222,635 |
| net assets | 4,999,087 | 5,045,038 | 5,208,098 | 5,243,885 | 6,792,847 | 6,236,636 | 5,897,201 | 5,293,127 | 4,786,451 | 4,404,174 | 4,115,690 | 3,743,693 | 3,790,540 | 3,659,085 | 3,518,226 |
| total shareholders funds | 4,999,087 | 5,045,038 | 5,208,098 | 5,243,885 | 6,792,847 | 6,236,636 | 5,897,201 | 5,293,127 | 4,786,451 | 4,404,174 | 4,115,690 | 3,743,693 | 3,790,540 | 3,659,085 | 3,518,226 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 221,211 | 201,170 | 264,078 | 354,345 | 363,956 | 389,815 | 525,691 | 549,391 | 320,335 | 13,237 | -63,414 | -267,706 | -77,717 | -85,132 | -5,295 |
| Depreciation | 246,821 | 274,969 | 281,093 | 307,327 | 312,850 | 355,778 | 137,012 | 142,822 | 106,653 | 1,113,098 | 116,551 | 106,913 | 83,590 | 84,858 | 48,722 |
| Amortisation | 8,562 | 8,423 | 2,938 | 11,836 | 18,777 | 18,777 | 9,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 137,062 | -106,050 | -38,649 | -85,008 | 28,363 | -6,158 | 0 | 0 | 0 | 0 | 0 |
| Stock | 1,305 | -11,704 | -7,989 | 20,666 | -1,483 | -370 | -3,271 | 3,436 | 5,745 | -2,463 | 1,023 | 2,158 | -243 | 1,034 | 799 |
| Debtors | 352,096 | -95,451 | 141,637 | -14,579 | 91,937 | -84,915 | -467,331 | 401,742 | 121,791 | -21,431 | 63,185 | -39,615 | 47,695 | 11,114 | 115,623 |
| Creditors | 40,496 | -72,112 | 34,202 | -46,161 | 103,612 | -189,018 | 179,638 | 7,732 | 12,248 | -65,967 | 46,858 | -15,454 | 34,798 | 34,723 | 30,356 |
| Accruals and Deferred Income | 119,094 | -147,679 | 70,603 | 103,565 | -108,410 | -9,986 | 132,537 | 158,167 | 88,457 | -156,260 | 104,882 | 122,400 | 231 | -58,512 | 192,279 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -137,062 | 18,908 | -44,429 | 4,099 | 158,484 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 282,783 | 371,926 | 519,266 | 724,825 | 600,331 | 563,509 | 1,371,791 | 372,025 | 587,004 | 921,844 | 140,669 | -16,390 | -6,550 | -36,211 | 149,640 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -232,266 | -2,910,468 | -1,205,163 | -170,188 | -96,792 | 33,111 | -51,137 | |||
| Change in Investments | 0 | 0 | 0 | -1,328,078 | 27,122 | 32,178 | 81,978 | -1,016,033 | -224,449 | 41,013 | -186,225 | 105,949 | 147,458 | 52,123 | 2,266,964 |
| cash flow from investments | 0 | 0 | 0 | 1,328,078 | -27,122 | -264,444 | -2,992,446 | -189,130 | 54,261 | -137,805 | 219,336 | -157,086 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | -63,654 | 1,574 | 2,656 | 59,424 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -452,844 | -63,700 | -63,933 | 580,477 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 13,438 | 544 | 135 | 18,413 | 28,071 | -13,407 | -2,297 | 7,307 | 16,048 | 2,191 | 4,346 | 2,764 | 15,426 | 32,944 | 21,939 |
| cash flow from financing | -267,162 | -364,230 | -299,865 | -1,087,708 | -6,933 | -42,506 | 719,582 | 64,666 | -12,932 | 196,666 | 301,363 | 141,252 | 90,183 | 125,211 | 3,523,886 |
| cash and cash equivalents | |||||||||||||||
| cash | -55,794 | -143,090 | 183,368 | -421,443 | 550,669 | 295,872 | -863,722 | 225,537 | 678,715 | -87,654 | 355,780 | 33,391 | -5,328 | 59,021 | 198,164 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -55,794 | -143,090 | 183,368 | -421,443 | 550,669 | 295,872 | -863,722 | 225,537 | 678,715 | -87,654 | 355,780 | 33,391 | -5,328 | 59,021 | 198,164 |
norland college limited Credit Report and Business Information
Norland College Limited Competitor Analysis
Perform a competitor analysis for norland college limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in BA1 area or any other competitors across 12 key performance metrics.
norland college limited Ownership
NORLAND COLLEGE LIMITED group structure
Norland College Limited has no subsidiary companies.
Ultimate parent company
NORLAND COLLEGE LIMITED
00193170
norland college limited directors
Norland College Limited currently has 12 directors. The longest serving directors include Mr Martin Clarke (Dec 1990) and Ms Roberta Edwards (Dec 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Clarke | 83 years | Dec 1990 | - | Director | |
| Ms Roberta Edwards | England | 56 years | Dec 2012 | - | Director |
| Mr Michael Bray | United Kingdom | 68 years | Jun 2015 | - | Director |
| Mrs Rosemary Heald | 63 years | Oct 2017 | - | Director | |
| Professor David Timms | England | 78 years | Oct 2017 | - | Director |
| Ms Tracey Worth | 64 years | Oct 2019 | - | Director | |
| Mrs Kathryn Dicker | 59 years | Oct 2019 | - | Director | |
| Mrs Julie Stephens | 54 years | Jun 2020 | - | Director | |
| Mr John Sykes | 57 years | Mar 2022 | - | Director | |
| Mr Richard MacCabee | 63 years | Oct 2023 | - | Director |
P&L
July 2023turnover
5.9m
+21%
operating profit
221.2k
+10%
gross margin
43.1%
-4.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
5m
-0.01%
total assets
5.7m
+0.02%
cash
1m
-0.05%
net assets
Total assets minus all liabilities
norland college limited company details
company number
00193170
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
85421 - First-degree level higher education
85590 - Other education n.e.c.
incorporation date
October 1923
age
101
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
norland nursery training college limited (April 2015)
accountant
-
auditor
RSM UK AUDIT LLP
address
york villa, york place, london road, bath, bath & ne somerset, BA1 6AE
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
VEALE WASBROUGH VIZARDS LLP
norland college limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 7 charges/mortgages relating to norland college limited. Currently there are 4 open charges and 3 have been satisfied in the past.
norland college limited Companies House Filings - See Documents
| date | description | view/download |
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