normec(manchester)limited Company Information
Company Number
00658524
Website
http://normec.co.ukRegistered 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
View All
Shareholders
s.c. pearson 100%
normec(manchester)limited Estimated Valuation
Pomanda estimates the enterprise value of NORMEC(MANCHESTER)LIMITED at £582.2k based on a Turnover of £1.3m and 0.46x industry multiple (adjusted for size and gross margin).
normec(manchester)limited Estimated Valuation
Pomanda estimates the enterprise value of NORMEC(MANCHESTER)LIMITED at £1.4m based on an EBITDA of £383.3k and a 3.71x industry multiple (adjusted for size and gross margin).
normec(manchester)limited Estimated Valuation
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 Overview
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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Normec(manchester)limited Health Check
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
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£10.9m)
- Normec(manchester)limited
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.3%)
- Normec(manchester)limited
3.3% - Industry AVG
Production
with a gross margin of 28.6%, this company has a comparable cost of product (28.6%)
- Normec(manchester)limited
28.6% - Industry AVG
Profitability
an operating margin of 23.1% make it more profitable than the average company (6.5%)
- Normec(manchester)limited
6.5% - Industry AVG
Employees
with 15 employees, this is below the industry average (75)
15 - Normec(manchester)limited
75 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Normec(manchester)limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £83.7k, this is less efficient (£137.4k)
- Normec(manchester)limited
£137.4k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is near the average (65 days)
- Normec(manchester)limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (49 days)
- Normec(manchester)limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is less than average (70 days)
- Normec(manchester)limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 187 weeks, this is more cash available to meet short term requirements (12 weeks)
187 weeks - Normec(manchester)limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.4%, this is a lower level of debt than the average (48.4%)
19.4% - Normec(manchester)limited
48.4% - Industry AVG
NORMEC(MANCHESTER)LIMITED financials
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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 15 | 15 | 13 | 13 | 14 | 13 | 13 | 12 | ||||||
EBITDA* |
* 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 | ||||||||||||||
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 | ||||||||||||||
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 | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
cash flow from investments | ||||||||||||||
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 | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
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 |
normec(manchester)limited Credit Report and Business Information
Normec(manchester)limited Competitor Analysis
Perform a competitor analysis for normec(manchester)limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in OL9 area or any other competitors across 12 key performance metrics.
normec(manchester)limited Ownership
NORMEC(MANCHESTER)LIMITED group structure
Normec(Manchester)Limited has 1 subsidiary company.
normec(manchester)limited directors
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 2023turnover
1.3m
+32%
operating profit
289.5k
0%
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 2023net assets
1.6m
+0.18%
total assets
2m
+0.22%
cash
995.9k
+0.47%
net assets
Total assets minus all liabilities
normec(manchester)limited company details
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
age
64
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
GRANT THORNTON UK LLP
auditor
-
address
westwood industrial estate, arkwright street, oldham, lancashire, OL9 9LZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
WALKER MORRIS LLP
normec(manchester)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 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 Companies House Filings - See Documents
date | description | view/download |
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