Normec(manchester)limited

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normec(manchester)limited Company Information

Live

MatureSmallHealthy

Company Number

00658524

Website

http://normec.co.uk

Registered Address

westwood industrial estate, arkwright street, oldham, lancashire, OL9 9LZ

Industry

Machining

Manufacture of other fabricated metal products n.e.c.

Telephone

01616272367

Next Accounts Due

February 2025

Group Structure

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Directors

Stephen Pearson32 Years

Jonathan Foreman22 Years

Shareholders

s.c. pearson 100%

normec(manchester)limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of NORMEC(MANCHESTER)LIMITED at £2.9m based on Net Assets of £1.6m and 1.85x industry multiple (adjusted for liquidity).

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Normec(manchester)limited is a live company located in oldham, OL9 9LZ with a Companies House number of 00658524. It operates in the machining sector, SIC Code 25620. Founded in May 1960, it's largest shareholder is s.c. pearson with a 100% stake. Normec(manchester)limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Normec(Manchester)Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£10.9m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.3%)

EXPORT

Normec(Manchester)Limited's latest turnover from May 2023 is estimated at £1.3 million and the company has net assets of £1.6 million. According to their latest financial statements, Normec(Manchester)Limited has 15 employees and maintains cash reserves of £995.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,255,249	951,185	988,949	906,152	1,223,346	1,021,588	993,682	749,668	816,848	1,222,617	1,094,213	1,306,326	1,582,260	1,167,917
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	896,365	676,051	714,976	639,463	868,864	702,980	689,272	522,511	565,815	846,432	761,045	914,175	1,096,247	793,561
Gross Profit	358,885	275,133	273,973	266,688	354,483	318,608	304,410	227,157	251,032	376,185	333,167	392,152	486,013	374,356
Admin Expenses	69,385	184,536	372,437	132,354	270,867	227,786	384,690	217,670	288,293	458,216	303,258	352,795	454,313	-1,293,191
Operating Profit	289,500	90,597	-98,464	134,334	83,616	90,822	-80,280	9,487	-37,261	-82,031	29,909	39,357	31,700	1,667,547
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	37,697	6,025	567	516	3,386	2,939	1,404	2,158	2,167	3,421	4,320	3,242	2,547	1,283
Pre-Tax Profit	327,197	96,622	-97,897	134,849	87,001	93,760	-78,876	11,645	-35,094	-78,610	34,229	42,599	34,247	1,668,831
Tax	-81,799	-18,358	0	-25,621	-16,530	-17,814	0	-2,329	0	0	-7,873	-10,224	-8,904	-467,273
Profit After Tax	245,398	78,264	-97,897	109,228	70,471	75,946	-78,876	9,316	-35,094	-78,610	26,356	32,375	25,343	1,201,558
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	245,398	78,264	-97,897	109,228	70,471	75,946	-78,876	9,316	-35,094	-78,610	26,356	32,375	25,343	1,201,558
Employee Costs	601,425	570,934	479,724	490,001	501,924	452,789	448,547	405,596	265,922	362,248	325,891	355,304	466,929	338,645
Number Of Employees	15	15	13	13	14	13	13	12	8	11	10	11	15	11
EBITDA*	383,278	193,556	15,154	246,795	201,332	152,791	-12,570	77,852	46,344	-13,507	99,442	101,264	103,622	1,754,832

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	498,352	567,243	649,830	747,352	847,794	765,253	406,579	422,729	493,943	480,902	482,060	421,130	481,504	551,813
Intangible Assets	46,641	59,847	64,383	57,155	29,205	0	0	0	0	0	0	0	0	0
Investments & Other	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	545,993	628,090	715,213	805,507	877,999	766,253	407,579	423,729	494,943	481,902	483,060	422,130	482,504	552,813
Stock & work in progress	134,405	135,944	90,674	90,737	102,820	64,732	82,578	385,472	389,866	54,101	60,807	86,540	90,583	93,494
Trade Debtors	267,416	154,384	237,690	187,314	305,596	229,136	246,312	24,195	54,550	383,937	190,363	304,739	451,238	279,960
Group Debtors	0	0	0	0	0	0	0	32,420	0	0	0	0	0	0
Misc Debtors	26,702	22,042	25,026	11,787	10,233	22,049	10,364	1,905	0	0	0	0	0	0
Cash	995,856	679,569	525,435	608,913	422,086	480,715	694,803	428,378	434,928	431,892	936,681	791,181	505,497	513,294
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,424,379	991,939	878,825	898,751	840,735	796,632	1,034,057	872,370	879,344	869,930	1,187,851	1,182,460	1,047,318	886,748
total assets	1,970,372	1,620,029	1,594,038	1,704,258	1,718,734	1,562,885	1,441,636	1,296,099	1,374,287	1,351,832	1,670,911	1,604,590	1,529,822	1,439,561
Bank overdraft	0	0	0	0	0	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	55,687	33,786	31,864	22,145	92,415	117,217	52,910	13,085	153,959	96,410	325,622	301,977	255,421	184,303
Group/Directors Accounts	120,966	39,858	122,682	125,457	227,069	159,621	180,122	9,813	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	99,641	82,705	46,076	81,343	61,165	50,433	66,936	47,757	0	0	0	0	0	0
total current liabilities	276,294	156,349	200,622	228,945	380,649	327,271	299,968	70,655	153,959	96,410	325,622	301,977	255,421	184,303
loans	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
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	0	0	0	0	0
provisions	106,000	121,000	129,000	113,000	85,000	53,000	35,000	39,900	44,100	44,100	55,357	39,037	43,200	49,400
total long term liabilities	106,000	121,000	129,000	113,000	85,000	53,000	35,000	39,900	44,100	44,100	55,357	39,037	43,200	49,400
total liabilities	382,294	277,349	329,622	341,945	465,649	380,271	334,968	110,555	198,059	140,510	380,979	341,014	298,621	233,703
net assets	1,588,078	1,342,680	1,264,416	1,362,313	1,253,085	1,182,614	1,106,668	1,185,544	1,176,228	1,211,322	1,289,932	1,263,576	1,231,201	1,205,858
total shareholders funds	1,588,078	1,342,680	1,264,416	1,362,313	1,253,085	1,182,614	1,106,668	1,185,544	1,176,228	1,211,322	1,289,932	1,263,576	1,231,201	1,205,858

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	289,500	90,597	-98,464	134,334	83,616	90,822	-80,280	9,487	-37,261	-82,031	29,909	39,357	31,700	1,667,547
Depreciation	73,347	83,973	97,522	112,461	117,716	61,969	67,710	68,365	83,605	68,524	69,533	61,907	71,922	87,285
Amortisation	20,431	18,986	16,096	0	0	0	0	0	0	0	0	0	0	0
Tax	-81,799	-18,358	0	-25,621	-16,530	-17,814	0	-2,329	0	0	-7,873	-10,224	-8,904	-467,273
Stock	-1,539	45,270	-63	-12,083	38,088	-17,846	-302,894	-4,394	335,765	-6,706	-25,733	-4,043	-2,911	93,494
Debtors	117,692	-86,290	63,615	-116,728	64,644	-5,491	198,156	3,970	-329,387	193,574	-114,376	-146,499	171,278	279,960
Creditors	21,901	1,922	9,719	-70,270	-24,802	64,307	39,825	-140,874	57,549	-229,212	23,645	46,556	71,118	184,303
Accruals and Deferred Income	16,936	36,629	-35,267	20,178	10,732	-16,503	19,179	47,757	0	0	0	0	0	0
Deferred Taxes & Provisions	-15,000	-8,000	16,000	28,000	32,000	18,000	-4,900	-4,200	0	-11,257	16,320	-4,163	-6,200	49,400
Cash flow from operations	209,163	246,769	-57,946	327,893	100,000	224,118	146,272	-21,370	97,515	-440,844	271,643	283,975	-8,731	1,147,808
Investing Activities
capital expenditure	-11,681	-15,836	-23,324	-39,969	-229,462	-420,643	-51,560	2,849	-96,646	-67,366	-130,463	-1,533	-1,613	-639,098
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
cash flow from investments	-11,681	-15,836	-23,324	-39,969	-229,462	-420,643	-51,560	2,849	-96,646	-67,366	-130,463	-1,533	-1,613	-640,098
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	81,108	-82,824	-2,775	-101,612	67,448	-20,501	170,309	9,813	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	0	0	0	0	0	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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4,300
interest	37,697	6,025	567	516	3,386	2,939	1,404	2,158	2,167	3,421	4,320	3,242	2,547	1,283
cash flow from financing	118,805	-76,799	-2,208	-101,096	70,834	-17,562	171,713	11,971	2,167	3,421	4,320	3,242	2,547	5,583
cash and cash equivalents
cash	316,287	154,134	-83,478	186,827	-58,629	-214,088	266,425	-6,550	3,036	-504,789	145,500	285,684	-7,797	513,294
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	316,287	154,134	-83,478	186,827	-58,629	-214,088	266,425	-6,550	3,036	-504,789	145,500	285,684	-7,797	513,294

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORMEC(MANCHESTER)LIMITED group structure

Normec(Manchester)Limited has 1 subsidiary company.

Ultimate parent company

NORMEC(MANCHESTER)LIMITED

00658524

1 subsidiary

CERAMIC SEALS LTD.

00682888

NORMEC(MANCHESTER)LIMITED Shareholders

s.c. pearson

100%

Normec(Manchester)Limited currently has 2 directors. The longest serving directors include Mr Stephen Pearson (Dec 1991) and Mr Jonathan Foreman (Nov 2001).

officer	country	age	start	end	role
Mr Stephen Pearson		64 years	Dec 1991	-	Director
Mr Jonathan Foreman		58 years	Nov 2001	-	Director

P&L

May 2023

turnover

1.3m

+32%

operating profit

289.5k

gross margin

28.6%

-1.16%

turnover

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

Balance Sheet

May 2023

net assets

1.6m

+0.18%

total assets

+0.22%

cash

995.9k

+0.47%

net assets

Total assets minus all liabilities

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company number

00658524

Type

Private limited with Share Capital

industry

25620 - Machining

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

May 1960

ultimate parent company

None

previous names

N/A

address

westwood industrial estate, arkwright street, oldham, lancashire, OL9 9LZ

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 2 charges/mortgages relating to normec(manchester)limited. Currently there are 0 open charges and 2 have been satisfied in the past.

normec(manchester)limited Company Information

normec(manchester)limited Estimated Valuation

normec(manchester)limited Estimated Valuation

normec(manchester)limited Estimated Valuation

Normec(manchester)limited Overview

Normec(manchester)limited Health Check

NORMEC(MANCHESTER)LIMITED financials

normec(manchester)limited Credit Report and Business Information

Normec(manchester)limited Competitor Analysis

normec(manchester)limited Ownership

normec(manchester)limited directors

normec(manchester)limited company details

normec(manchester)limited Charges & Mortgages

normec(manchester)limited Companies House Filings - See Documents