Northern Counties Guarantee Corporation Limited

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northern counties guarantee corporation limited Company Information

Live

MatureMicroHealthy

Company Number

00235918

Website

http://ncinsurance.co.uk

Registered Address

nci house lowreys lane, low fell, gateshead, tyne and wear, NE9 5JB

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

01914821219

Next Accounts Due

December 2024

Group Structure

View All

Directors

David Belgian32 Years

Carole Belgian29 Years

View All

Shareholders

mr david james belgian 50%

carole belgian 50%

northern counties guarantee corporation limited Estimated Valuation

£10.3m

Pomanda estimates the enterprise value of NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED at £10.3m based on Net Assets of £6.4m and 1.62x industry multiple (adjusted for liquidity).

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Northern Counties Guarantee Corporation Limited is a live company located in gateshead, NE9 5JB with a Companies House number of 00235918. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 1928, it's largest shareholder is mr david james belgian with a 50% stake. Northern Counties Guarantee Corporation Limited is a mature, micro sized company, Pomanda has estimated its turnover at £222.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Northern Counties Guarantee Corporation Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £222.4k, make it smaller than the average company (£800.8k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (1.9%)

EXPORT

Northern Counties Guarantee Corporation Limited's latest turnover from March 2023 is estimated at £222.4 thousand and the company has net assets of £6.4 million. According to their latest financial statements, Northern Counties Guarantee Corporation Limited has 3 employees and maintains cash reserves of £65.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	222,408	243,787	107,773	170,862	302,365	207,958	494,043	183,885	203,655	240,296	164,064	172,401	173,755	237,034
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	56,212	62,126	26,702	43,822	79,035	51,989	124,230	51,704	67,693	77,384	49,904	52,608	55,550	72,668
Gross Profit	166,197	181,661	81,071	127,039	223,330	155,969	369,813	132,180	135,962	162,912	114,159	119,793	118,205	164,366
Admin Expenses	-292,549	-176,805	363,799	-228,470	-7,401	-46,959	228,708	26,781	-229,065	-109,558	-42,564	9,575	-24,502	164,366
Operating Profit	458,746	358,466	-282,728	355,509	230,731	202,928	141,105	105,399	365,027	272,470	156,723	110,218	142,707	0
Interest Payable	148,625	73,853	69,482	72,174	40,669	0	0	0	0	0	0	0	0	5,473
Interest Receivable	4,762	1,158	174	174	997	391	194	1,922	2,002	514	336	271	83	17,997
Pre-Tax Profit	314,884	285,770	-352,036	283,510	191,059	203,319	141,299	107,321	367,029	272,984	157,059	110,489	142,790	0
Tax	-59,828	-54,296	0	-53,867	-36,301	-38,631	-28,260	-21,464	-77,076	-62,786	-37,694	-28,727	-39,981	0
Profit After Tax	255,056	231,474	-352,036	229,643	154,758	164,688	113,039	85,857	289,953	210,198	119,365	81,762	102,809	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	255,056	231,474	-352,036	229,643	154,758	164,688	113,039	85,857	289,953	210,198	119,365	81,762	102,809	0
Employee Costs	91,113	86,617	26,845	82,180	108,376	103,814	102,208	52,064	52,000	49,531	47,767	47,736	46,506	48,677
Number Of Employees	3	3	1	3	4	4	4	2	2	2	2	2	2	2
EBITDA*	491,631	461,857	-244,145	394,092	269,314	241,511	203,127	162,026	421,653	329,096	213,349	165,722	176,430	39,082

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	638,127	708,633	710,102	654,463	655,932	2,671,606	2,353,238	1,833,184	1,852,697	1,872,210	1,891,723	1,911,236	1,015,323
Intangible Assets	64,370	97,255	130,140	167,254	204,368	241,482	278,596	315,710	352,824	389,937	427,050	464,163	500,154	269,101
Investments & Other	8,015,170	6,264,322	4,099,010	6,082,791	6,016,185	4,720,568	2,624,769	2,756,039	2,664,496	3,797,482	3,594,670	3,408,697	3,314,637	4,363,192
Debtors (Due After 1 year)	0	0	1,967,578	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,079,540	6,999,704	6,905,361	6,960,147	6,875,016	5,617,982	5,574,971	5,424,987	4,850,504	6,040,116	5,893,930	5,764,583	5,726,027	5,647,616
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	5,201	22,965	14,471	2,500	12,296	3,172	0	16,516	0	0	0	0	0	19,388
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	468,996	391,690	307,171	236,162	168,977	110,989	60,089	0	0	0	0	0	0	0
Cash	65,725	158,391	150,321	198,497	150,384	115,410	40,995	114,144	654,709	146,062	59,529	75,032	33,305	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	539,922	573,046	471,963	437,159	331,657	229,571	101,084	130,660	654,709	146,062	59,529	75,032	33,305	19,388
total assets	8,619,462	7,572,750	7,377,324	7,397,306	7,206,673	5,847,553	5,676,055	5,555,647	5,505,213	6,186,178	5,953,459	5,839,615	5,759,332	5,667,004
Bank overdraft	0	0	45,341	45,341	45,341	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	2,568	2,475	0	0	0	0	36,141	71,564	86,152	63,631	69,152	70,631	81,112
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	411,980	437,607	428,512	54,313	49,682	50,320	43,510	0	0	0	0	0	0	0
total current liabilities	411,980	440,175	476,328	99,654	95,023	50,320	43,510	36,141	71,564	86,152	63,631	69,152	70,631	81,112
loans	1,828,492	1,071,503	1,071,398	1,116,018	1,159,659	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
Accruals and Deferred Income	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	956,330	956,330	956,330	956,330	956,330
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,828,492	1,071,503	1,071,398	1,116,018	1,159,659	0	0	0	0	956,330	956,330	956,330	956,330	956,330
total liabilities	2,240,472	1,511,678	1,547,726	1,215,672	1,254,682	50,320	43,510	36,141	71,564	1,042,482	1,019,961	1,025,482	1,026,961	1,037,442
net assets	6,378,990	6,061,072	5,829,598	6,181,634	5,951,991	5,797,233	5,632,545	5,519,506	5,433,649	5,143,696	4,933,498	4,814,133	4,732,371	4,629,562
total shareholders funds	6,378,990	6,061,072	5,829,598	6,181,634	5,951,991	5,797,233	5,632,545	5,519,506	5,433,649	5,143,696	4,933,498	4,814,133	4,732,371	4,629,562

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	458,746	358,466	-282,728	355,509	230,731	202,928	141,105	105,399	365,027	272,470	156,723	110,218	142,707	0
Depreciation	0	70,506	1,469	1,469	1,469	1,469	24,908	19,513	19,513	19,513	19,513	19,513	10,449	10,449
Amortisation	32,885	32,885	37,114	37,114	37,114	37,114	37,114	37,114	37,113	37,113	37,113	35,991	23,274	28,633
Tax	-59,828	-54,296	0	-53,867	-36,301	-38,631	-28,260	-21,464	-77,076	-62,786	-37,694	-28,727	-39,981	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	59,542	-1,874,565	2,050,558	57,389	67,112	54,072	43,573	16,516	0	0	0	0	-19,388	19,388
Creditors	-2,568	93	2,475	0	0	0	-36,141	-35,423	-14,588	22,521	-5,521	-1,479	-10,481	81,112
Accruals and Deferred Income	-25,627	9,095	374,199	4,631	-638	6,810	43,510	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	344,066	2,291,314	-1,918,029	287,467	165,263	155,618	138,663	88,623	329,989	288,831	170,134	135,516	145,356	100,806
Investing Activities
capital expenditure	638,127	0	0	-57,108	0	2,014,205	-343,276	-539,567	0	0	0	0	-1,160,689	-1,323,506
Change in Investments	1,750,848	2,165,312	-1,983,781	66,606	1,295,617	2,095,799	-131,270	91,543	-1,132,986	202,812	185,973	94,060	-1,048,555	4,363,192
cash flow from investments	-1,112,721	-2,165,312	1,983,781	-123,714	-1,295,617	-81,594	-212,006	-631,110	1,132,986	-202,812	-185,973	-94,060	-112,134	-5,686,698
Financing Activities
Bank loans	0	0	0	0	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	756,989	105	-44,620	-43,641	1,159,659	0	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
other long term liabilities	0	0	0	0	0	0	0	0	-956,330	0	0	0	0	956,330
share issue	62,862	0	0	0	0	0	0	0	0	0	0	0	0	4,629,562
interest	-143,863	-72,695	-69,308	-72,000	-39,672	391	194	1,922	2,002	514	336	271	83	12,524
cash flow from financing	675,988	-72,590	-113,928	-115,641	1,119,987	391	194	1,922	-954,328	514	336	271	83	5,598,416
cash and cash equivalents
cash	-92,666	8,070	-48,176	48,113	34,974	74,415	-73,149	-540,565	508,647	86,533	-15,503	41,727	33,305	0
overdraft	0	-45,341	0	0	45,341	0	0	0	0	0	0	0	0	0
change in cash	-92,666	53,411	-48,176	48,113	-10,367	74,415	-73,149	-540,565	508,647	86,533	-15,503	41,727	33,305	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED group structure

Northern Counties Guarantee Corporation Limited has no subsidiary companies.

Ultimate parent company

NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED

00235918

NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED Shareholders

mr david james belgian	50.02%
carole belgian	49.98%

Northern Counties Guarantee Corporation Limited currently has 3 directors. The longest serving directors include Mr David Belgian (Dec 1991) and Ms Carole Belgian (Dec 1994).

officer	country	age	start	end	role
Mr David Belgian		73 years	Dec 1991	-	Director
Ms Carole Belgian	United Kingdom	71 years	Dec 1994	-	Director
Mr Philip Belgian	United Kingdom	48 years	Nov 2005	-	Director

P&L

March 2023

turnover

222.4k

-9%

operating profit

458.7k

gross margin

74.8%

+0.28%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

6.4m

+0.05%

total assets

8.6m

+0.14%

cash

65.7k

-0.59%

net assets

Total assets minus all liabilities

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company number

00235918

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

December 1928

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

nci house lowreys lane, low fell, gateshead, tyne and wear, NE9 5JB

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 34 charges/mortgages relating to northern counties guarantee corporation limited. Currently there are 15 open charges and 19 have been satisfied in the past.

northern counties guarantee corporation limited Company Information

northern counties guarantee corporation limited Estimated Valuation

northern counties guarantee corporation limited Estimated Valuation

northern counties guarantee corporation limited Estimated Valuation

Northern Counties Guarantee Corporation Limited Overview

Northern Counties Guarantee Corporation Limited Health Check

NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED financials

northern counties guarantee corporation limited Credit Report and Business Information

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northern counties guarantee corporation limited Ownership

northern counties guarantee corporation limited directors

northern counties guarantee corporation limited company details

northern counties guarantee corporation limited Charges & Mortgages

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