geesink norba limited
geesink norba limited Company Information
Company Number
00306452
Next Accounts
546 days late
Directors
Shareholders
geesink group bv
Group Structure
View All
Industry
Manufacture of other transport equipment n.e.c.
Registered Address
14 bonhill street, london, EC2A 4BX
Website
www.geesinknorba.comgeesink norba limited Estimated Valuation
Pomanda estimates the enterprise value of GEESINK NORBA LIMITED at £4.8m based on a Turnover of £13m and 0.37x industry multiple (adjusted for size and gross margin).
geesink norba limited Estimated Valuation
Pomanda estimates the enterprise value of GEESINK NORBA LIMITED at £0 based on an EBITDA of £-1.2m and a 3.32x industry multiple (adjusted for size and gross margin).
geesink norba limited Estimated Valuation
Pomanda estimates the enterprise value of GEESINK NORBA LIMITED at £0 based on Net Assets of £-15.4k and 2.62x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Geesink Norba Limited Overview
Geesink Norba Limited is a live company located in london, EC2A 4BX with a Companies House number of 00306452. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in October 1935, it's largest shareholder is geesink group bv with a 100% stake. Geesink Norba Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13m with declining growth in recent years.
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Geesink Norba Limited Health Check
Pomanda's financial health check has awarded Geesink Norba Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £13m, make it in line with the average company (£12.9m)
£13m - Geesink Norba Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (0.2%)
-4% - Geesink Norba Limited
0.2% - Industry AVG
Production
with a gross margin of 8.5%, this company has a higher cost of product (24.4%)
8.5% - Geesink Norba Limited
24.4% - Industry AVG
Profitability
an operating margin of -9.3% make it less profitable than the average company (6.2%)
-9.3% - Geesink Norba Limited
6.2% - Industry AVG
Employees
with 31 employees, this is below the industry average (67)
31 - Geesink Norba Limited
67 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has a higher pay structure (£36.7k)
£48.7k - Geesink Norba Limited
£36.7k - Industry AVG
Efficiency
resulting in sales per employee of £419.3k, this is more efficient (£163.5k)
£419.3k - Geesink Norba Limited
£163.5k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (64 days)
28 days - Geesink Norba Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (46 days)
8 days - Geesink Norba Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is less than average (69 days)
31 days - Geesink Norba Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)
13 weeks - Geesink Norba Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.5%, this is a higher level of debt than the average (56.6%)
100.5% - Geesink Norba Limited
56.6% - Industry AVG
GEESINK NORBA LIMITED financials
Geesink Norba Limited's latest turnover from December 2021 is £13 million and the company has net assets of -£15.4 thousand. According to their latest financial statements, Geesink Norba Limited has 31 employees and maintains cash reserves of £560.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,998,642 | 8,555,576 | 12,378,760 | 14,678,140 | 18,681,367 | 15,988,968 | 10,563,091 | 13,112,869 | 21,631,055 | 18,733,228 | 26,133,366 | 29,951,000 | 37,669,000 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 11,896,797 | 7,683,030 | 11,485,077 | 13,292,192 | 16,490,851 | 15,219,676 | 9,952,762 | 12,122,708 | 19,356,219 | 16,440,464 | 25,618,243 | 26,635,000 | 33,721,000 |
| Gross Profit | 1,101,845 | 872,546 | 893,683 | 1,385,948 | 2,190,516 | 769,292 | 610,329 | 990,161 | 2,274,836 | 2,292,764 | 515,123 | 3,316,000 | 3,948,000 |
| Admin Expenses | 2,316,231 | 1,895,161 | 2,768,316 | 5,301,903 | 3,835,149 | 3,147,668 | 1,851,257 | 1,456,173 | 1,932,161 | 2,433,581 | 3,408,644 | 3,570,000 | -2,347,000 |
| Operating Profit | -1,214,386 | -1,022,615 | -1,874,633 | -3,915,955 | -1,644,633 | -2,378,376 | -1,240,928 | -466,012 | 342,675 | -140,817 | -2,893,521 | -254,000 | 6,295,000 |
| Interest Payable | 20,454 | 34,429 | 13,738 | 24,864 | 170 | 230,000 | |||||||
| Interest Receivable | 112,545 | 85,364 | 93,496 | 90,718 | 108,234 | 14,890 | 17,404 | 34,000 | 56,000 | ||||
| Pre-Tax Profit | -1,214,386 | 692,280 | -1,895,087 | -3,883,364 | -1,361,765 | -2,626,826 | -1,204,816 | -478,148 | 450,909 | 576,073 | -2,876,117 | -220,000 | 6,069,000 |
| Tax | -66,520 | 65,000 | -21,000 | -27,000 | |||||||||
| Profit After Tax | -1,214,386 | 692,280 | -1,895,087 | -3,883,364 | -1,361,765 | -2,626,826 | -1,204,816 | -478,148 | 384,389 | 641,073 | -2,897,117 | -247,000 | 6,069,000 |
| Dividends Paid | |||||||||||||
| Retained Profit | -1,214,386 | 692,280 | -1,895,087 | -3,883,364 | -1,361,765 | -2,626,826 | -1,204,816 | -478,148 | 384,389 | 641,073 | -2,897,117 | -247,000 | 6,069,000 |
| Employee Costs | 1,511,145 | 1,741,636 | 2,962,599 | 4,790,154 | 3,303,247 | 2,977,455 | 3,115,832 | 3,139,981 | 2,924,730 | 3,968,348 | 4,822,864 | 4,857,000 | 7,097,000 |
| Number Of Employees | 31 | 42 | 64 | 69 | 63 | 64 | 59 | 61 | 64 | 86 | 115 | 117 | 149 |
| EBITDA* | -1,203,896 | -1,011,113 | -1,852,063 | -3,892,667 | -1,621,622 | -2,349,799 | -1,198,936 | -412,652 | 420,834 | -43,324 | -2,768,039 | -202,000 | 6,467,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 30,788 | 35,296 | 733,264 | 757,334 | 749,794 | 766,885 | 795,461 | 824,688 | 1,337,396 | 1,413,359 | 1,534,461 | 1,555,000 | 1,514,000 |
| Intangible Assets | |||||||||||||
| Investments & Other | 616,000 | 752,000 | 152,000 | ||||||||||
| Debtors (Due After 1 year) | 30,000 | 30,000 | |||||||||||
| Total Fixed Assets | 60,788 | 65,296 | 733,264 | 757,334 | 749,794 | 766,885 | 795,461 | 824,688 | 1,337,396 | 1,413,359 | 2,150,461 | 2,307,000 | 1,666,000 |
| Stock & work in progress | 1,032,984 | 2,337,763 | 1,652,345 | 2,241,283 | 1,250,621 | 3,092,728 | 1,311,147 | 1,253,262 | 1,526,482 | 1,683,756 | 4,443,000 | 3,543,000 | 4,967,000 |
| Trade Debtors | 1,011,624 | 1,137,423 | 1,567,420 | 930,196 | 1,655,665 | 3,311,605 | 1,570,746 | 2,569,821 | 1,869,009 | 1,680,241 | 2,855,000 | 4,556,000 | 3,168,000 |
| Group Debtors | 41,047 | 92,533 | 1,061,878 | 8,842 | 49,260 | 2,664,822 | 2,359,245 | 4,623,846 | 4,942,113 | 4,825,657 | 7,227,620 | 4,387,000 | 4,655,000 |
| Misc Debtors | 114,247 | 153,569 | 118,896 | 90,965 | 66,745 | 151,338 | 206,253 | 93,825 | 141,842 | 142,058 | 220,454 | 462,000 | 785,000 |
| Cash | 560,284 | 1,209,963 | 1,801,884 | 735,981 | 664,347 | 1,404,392 | 348,072 | 347,609 | 1,620,535 | 111,083 | 768,000 | 283,000 | 716,000 |
| misc current assets | |||||||||||||
| total current assets | 2,760,186 | 4,931,251 | 6,202,423 | 4,007,267 | 3,686,638 | 10,624,885 | 5,795,463 | 8,888,363 | 10,099,981 | 8,442,795 | 15,514,074 | 13,231,000 | 14,291,000 |
| total assets | 2,820,974 | 4,996,547 | 6,935,687 | 4,764,601 | 4,436,432 | 11,391,770 | 6,590,924 | 9,713,051 | 11,437,377 | 9,856,154 | 17,664,535 | 15,538,000 | 15,957,000 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 280,541 | 105,271 | 687,325 | 322,628 | 314,030 | 2,567,073 | 1,017,236 | 1,403,097 | 1,638,636 | 797,155 | 2,947,000 | 2,476,000 | 2,134,000 |
| Group/Directors Accounts | 430,282 | 1,146,688 | 3,383,414 | 3,178,337 | 1,166,718 | 3,541,106 | 932,296 | 2,497,500 | 3,038,223 | 2,643,824 | 6,778,620 | 1,812,000 | 3,050,000 |
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 1,400,589 | 1,912,555 | 1,703,972 | 2,503,089 | 1,737,619 | 3,585,989 | 447,629 | 412,782 | 751,436 | 476,329 | 888,231 | 1,023,000 | 729,000 |
| total current liabilities | 2,111,412 | 3,164,514 | 5,774,711 | 6,004,054 | 3,218,367 | 9,694,168 | 2,397,161 | 4,313,379 | 5,428,295 | 3,917,308 | 10,613,851 | 5,311,000 | 5,913,000 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | 724,927 | 633,012 | 654,235 | 380,239 | 249,574 | 250,667 | 381,934 | 564,089 | 824,000 | 866,000 | 954,000 | ||
| total long term liabilities | 724,927 | 633,012 | 654,235 | 380,239 | 249,574 | 250,667 | 381,934 | 564,089 | 824,000 | 866,000 | 954,000 | ||
| total liabilities | 2,836,339 | 3,797,526 | 6,428,946 | 6,004,054 | 3,218,367 | 10,074,407 | 2,646,735 | 4,564,046 | 5,810,229 | 4,481,397 | 11,437,851 | 6,177,000 | 6,867,000 |
| net assets | -15,365 | 1,199,021 | 506,741 | -1,239,453 | 1,218,065 | 1,317,363 | 3,944,189 | 5,149,005 | 5,627,148 | 5,374,757 | 6,226,684 | 9,361,000 | 9,090,000 |
| total shareholders funds | -15,365 | 1,199,021 | 506,741 | -1,239,453 | 1,218,065 | 1,317,363 | 3,944,189 | 5,149,005 | 5,627,148 | 5,374,757 | 6,226,684 | 9,361,000 | 9,090,000 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -1,214,386 | -1,022,615 | -1,874,633 | -3,915,955 | -1,644,633 | -2,378,376 | -1,240,928 | -466,012 | 342,675 | -140,817 | -2,893,521 | -254,000 | 6,295,000 |
| Depreciation | 10,490 | 11,502 | 22,570 | 23,288 | 23,011 | 28,577 | 41,992 | 53,360 | 78,159 | 97,493 | 125,482 | 52,000 | 172,000 |
| Amortisation | |||||||||||||
| Tax | -66,520 | 65,000 | -21,000 | -27,000 | |||||||||
| Stock | -1,304,779 | 685,418 | -588,938 | 990,662 | -1,842,107 | 1,781,581 | 57,885 | -273,220 | -157,274 | -2,759,244 | 900,000 | -1,424,000 | 4,967,000 |
| Debtors | -216,607 | -1,334,669 | 1,718,191 | -741,667 | -4,356,095 | 1,991,521 | -3,151,248 | 334,528 | 305,008 | -3,655,118 | 898,074 | 797,000 | 8,608,000 |
| Creditors | 175,270 | -582,054 | 364,697 | 8,598 | -2,253,043 | 1,549,837 | -385,861 | -235,539 | 841,481 | -2,149,845 | 471,000 | 342,000 | 2,134,000 |
| Accruals and Deferred Income | -511,966 | 208,583 | -799,117 | 765,470 | -1,848,370 | 3,138,360 | 34,847 | -338,654 | 275,107 | -411,902 | -134,769 | 294,000 | 729,000 |
| Deferred Taxes & Provisions | 91,915 | -21,223 | 654,235 | -380,239 | 130,665 | -1,093 | -131,267 | -182,155 | -259,911 | -42,000 | -88,000 | 954,000 | |
| Cash flow from operations | 72,709 | -756,556 | -2,761,501 | -3,367,594 | 94,928 | -1,304,039 | 1,542,320 | -1,179,420 | 1,141,013 | 3,614,380 | -4,292,882 | 946,000 | -3,291,000 |
| Investing Activities | |||||||||||||
| capital expenditure | 977,092 | ||||||||||||
| Change in Investments | -616,000 | -136,000 | 600,000 | 152,000 | |||||||||
| cash flow from investments | 977,092 | ||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -716,406 | -2,236,726 | 205,077 | 2,011,619 | -2,374,388 | 2,608,810 | -1,565,204 | -540,723 | 394,399 | -4,134,796 | 4,966,620 | -1,238,000 | 3,050,000 |
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -20,454 | 78,116 | 71,626 | 68,632 | 90,548 | 108,234 | 14,890 | 17,404 | 34,000 | -174,000 | |||
| cash flow from financing | -716,406 | -2,236,726 | 3,825,904 | 3,437,465 | -1,033,805 | 2,680,436 | -1,496,572 | -450,170 | 370,635 | -5,612,906 | 4,746,825 | -686,000 | 5,897,000 |
| cash and cash equivalents | |||||||||||||
| cash | -649,679 | -591,921 | 1,065,903 | 71,634 | -740,045 | 1,056,320 | 463 | -1,272,926 | 1,509,452 | -656,917 | 485,000 | -433,000 | 716,000 |
| overdraft | |||||||||||||
| change in cash | -649,679 | -591,921 | 1,065,903 | 71,634 | -740,045 | 1,056,320 | 463 | -1,272,926 | 1,509,452 | -656,917 | 485,000 | -433,000 | 716,000 |
geesink norba limited Credit Report and Business Information
Geesink Norba Limited Competitor Analysis
Perform a competitor analysis for geesink norba limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC2A area or any other competitors across 12 key performance metrics.
geesink norba limited Ownership
GEESINK NORBA LIMITED group structure
Geesink Norba Limited has no subsidiary companies.
Ultimate parent company
CHINA TIANYING INC
#0113447
GEESINK GROUP BV
#0091693
2 parents
GEESINK NORBA LIMITED
00306452
geesink norba limited directors
Geesink Norba Limited currently has 1 director, Mr Jochem Van Bueren serving since Mar 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jochem Van Bueren | 60 years | Mar 2024 | - | Director |
P&L
December 2021turnover
13m
+52%
operating profit
-1.2m
+19%
gross margin
8.5%
-16.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-15.4k
-1.01%
total assets
2.8m
-0.44%
cash
560.3k
-0.54%
net assets
Total assets minus all liabilities
geesink norba limited company details
company number
00306452
Type
Private limited with Share Capital
industry
30990 - Manufacture of other transport equipment n.e.c.
incorporation date
October 1935
age
90
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2021
previous names
pde geesink limited (April 2001)
lacre pde limited (December 1995)
See moreaccountant
-
auditor
BEVAN BUCKLAND LLP
address
14 bonhill street, london, EC2A 4BX
Bank
-
Legal Advisor
-
geesink norba 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 8 charges/mortgages relating to geesink norba limited. Currently there are 0 open charges and 8 have been satisfied in the past.
geesink norba limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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geesink norba limited Companies House Filings - See Documents
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