C. Norris (spring Specialists) Limited

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c. norris (spring specialists) limited Company Information

Company Number

00722551

Next Accounts

Jan 2026

Directors

Andrew Ward

Christopher Armstead

Shareholders

andrew stuart ward

christopher armstead

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Group Structure

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Industry

Manufacture of wire products, chain and springs

Registered Address

lady house spring works, newhey road, milnrow rochdale, lancashire, OL16 4JD

Website

www.norrissprings.com

c. norris (spring specialists) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of C. NORRIS (SPRING SPECIALISTS) LIMITED at £2.2m based on Net Assets of £1.2m and 1.92x industry multiple (adjusted for liquidity).

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C. Norris (spring Specialists) Limited is a live company located in milnrow rochdale, OL16 4JD with a Companies House number of 00722551. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in April 1962, it's largest shareholder is andrew stuart ward with a 60% stake. C. Norris (spring Specialists) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded C. Norris (Spring Specialists) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (8.6%)

EXPORT

C. Norris (Spring Specialists) Limited's latest turnover from April 2024 is estimated at £1.7 million and the company has net assets of £1.2 million. According to their latest financial statements, C. Norris (Spring Specialists) Limited has 18 employees and maintains cash reserves of £736.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,679,361	1,934,331	1,805,535	2,106,973	1,967,985	1,798,258	1,735,534	1,729,530	1,807,397	1,818,457	1,521,255	2,018,079	1,729,878	1,537,382	1,957,518
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,166,586	1,345,389	1,330,920	1,643,686	1,377,469	1,262,061	1,233,694	1,144,338	1,268,938	1,312,971	1,123,855	1,503,667	1,313,213	1,118,783	1,454,141
Gross Profit	512,775	588,943	474,614	463,287	590,516	536,196	501,840	585,192	538,459	505,486	397,400	514,412	416,665	418,600	503,376
Admin Expenses	463,807	312,626	478,797	302,660	566,437	522,085	707,144	500,875	700,207	466,929	360,125	205,269	422,912	194,934	-243,539
Operating Profit	48,968	276,317	-4,183	160,627	24,079	14,111	-205,304	84,317	-161,748	38,557	37,275	309,143	-6,247	223,666	746,915
Interest Payable	3,010	3,758	3,094	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	38,517	26,716	3,286	314	230	1,270	960	698	2,191	2,739	2,998	2,518	2,031	2,412	1,278
Pre-Tax Profit	84,475	299,275	-3,990	159,416	24,309	15,380	-204,344	85,015	-159,557	41,296	40,273	311,661	-4,216	226,078	748,193
Tax	-21,119	-74,819	0	-30,289	-4,619	-2,922	0	-16,153	0	-8,259	-8,457	-71,682	0	-58,780	-209,494
Profit After Tax	63,356	224,456	-3,990	129,127	19,690	12,458	-204,344	68,862	-159,557	33,037	31,816	239,979	-4,216	167,298	538,699
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	63,356	224,456	-3,990	129,127	19,690	12,458	-204,344	68,862	-159,557	33,037	31,816	239,979	-4,216	167,298	538,699
Employee Costs	755,213	839,869	734,920	681,271	749,683	793,667	767,379	772,713	706,069	379,044	372,880	489,219	341,120	318,203	490,782
Number Of Employees	18	20	20	19	22	23	23	24	24	13	13	17	12	12	20
EBITDA*	68,878	297,545	17,401	186,205	54,420	50,137	-169,978	123,371	-119,173	73,992	79,437	349,485	38,441	259,194	776,617

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	225,743	222,618	223,846	245,430	271,008	301,349	316,126	295,676	319,268	284,510	315,629	301,066	326,143	282,252	257,317
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100,000	100,000	100,000	100,000	100,000	100,000	100,000	300,000	150,000	150,000	150,000	50,000	75,000	75,000	75,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	325,743	322,618	323,846	345,430	371,008	401,349	416,126	595,676	469,268	434,510	465,629	351,066	401,143	357,252	332,317
Stock & work in progress	69,064	63,847	58,683	74,794	86,950	80,480	51,722	47,763	52,924	43,227	51,535	31,726	24,121	22,816	23,716
Trade Debtors	335,509	382,218	398,371	571,941	453,412	460,479	428,605	431,871	483,233	408,543	372,575	424,441	399,884	321,454	303,022
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	19,224	19,775	22,919	20,323	14,518	19,944	21,429	14,562	35,139	0	0	0	0	0	0
Cash	736,642	730,654	526,556	349,790	277,879	181,224	157,357	226,811	331,596	544,899	550,610	648,567	358,770	453,500	511,323
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,160,439	1,196,494	1,006,529	1,016,848	832,759	742,127	659,113	721,007	902,892	996,669	974,720	1,104,734	782,775	797,770	838,061
total assets	1,486,182	1,519,112	1,330,375	1,362,278	1,203,767	1,143,476	1,075,239	1,316,683	1,372,160	1,431,179	1,440,349	1,455,800	1,183,918	1,155,022	1,170,378
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	10,000	9,167	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	140,657	209,910	276,770	256,425	249,089	228,851	223,887	205,834	321,979	396,161	430,560	480,954	447,049	422,105	607,709
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	135,415	153,872	117,762	151,387	172,390	144,308	101,383	162,547	168,490	0	0	0	0	0	0
total current liabilities	286,072	373,782	404,532	416,979	421,479	373,159	325,270	368,381	490,469	396,161	430,560	480,954	447,049	422,105	607,709
loans	11,837	21,667	31,667	40,833	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	1,589	4,314	7,039	9,764	0	0	0	0	0	0	0	0	0
provisions	28,002	26,748	20,128	23,703	27,927	32,921	34,795	28,784	31,035	24,805	32,613	29,486	31,488	23,320	20,370
total long term liabilities	39,839	48,415	53,384	68,850	34,966	42,685	34,795	28,784	31,035	24,805	32,613	29,486	31,488	23,320	20,370
total liabilities	325,911	422,197	457,916	485,829	456,445	415,844	360,065	397,165	521,504	420,966	463,173	510,440	478,537	445,425	628,079
net assets	1,160,271	1,096,915	872,459	876,449	747,322	727,632	715,174	919,518	850,656	1,010,213	977,176	945,360	705,381	709,597	542,299
total shareholders funds	1,160,271	1,096,915	872,459	876,449	747,322	727,632	715,174	919,518	850,656	1,010,213	977,176	945,360	705,381	709,597	542,299

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	48,968	276,317	-4,183	160,627	24,079	14,111	-205,304	84,317	-161,748	38,557	37,275	309,143	-6,247	223,666	746,915
Depreciation	19,910	21,228	21,584	25,578	30,341	36,026	35,326	39,054	42,575	35,435	42,162	40,342	44,688	35,528	29,702
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,119	-74,819	0	-30,289	-4,619	-2,922	0	-16,153	0	-8,259	-8,457	-71,682	0	-58,780	-209,494
Stock	5,217	5,164	-16,111	-12,156	6,470	28,758	3,959	-5,161	9,697	-8,308	19,809	7,605	1,305	-900	23,716
Debtors	-47,260	-19,297	-170,974	124,334	-12,493	30,389	3,601	-71,939	109,829	35,968	-51,866	24,557	78,430	18,432	303,022
Creditors	-69,253	-66,860	20,345	7,336	20,238	4,964	18,053	-116,145	-74,182	-34,399	-50,394	33,905	24,944	-185,604	607,709
Accruals and Deferred Income	-18,457	36,110	-33,625	-21,003	28,082	42,925	-61,164	-5,943	168,490	0	0	0	0	0	0
Deferred Taxes & Provisions	1,254	6,620	-3,575	-4,224	-4,994	-1,874	6,011	-2,251	6,230	-7,808	3,127	-2,002	8,168	2,950	20,370
Cash flow from operations	3,346	212,729	187,631	25,847	99,150	34,083	-214,638	59,979	-138,161	-4,134	55,770	277,544	-8,182	228	868,464
Investing Activities
capital expenditure	-23,035	-20,000	0	0	0	-21,249	-55,776	-15,462	-77,333	-4,316	-56,725	-15,265	-88,579	-60,463	-287,019
Change in Investments	0	0	0	0	0	0	-200,000	150,000	0	0	100,000	-25,000	0	0	75,000
cash flow from investments	-23,035	-20,000	0	0	0	-21,249	144,224	-165,462	-77,333	-4,316	-156,725	9,735	-88,579	-60,463	-362,019
Financing Activities
Bank loans	0	0	833	9,167	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,830	-10,000	-9,166	40,833	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	0
other long term liabilities	0	-1,589	-2,725	-2,725	-2,725	9,764	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,600
interest	35,507	22,958	192	-1,211	230	1,270	960	698	2,191	2,739	2,998	2,518	2,031	2,412	1,278
cash flow from financing	25,677	11,369	-10,866	46,064	-2,495	11,034	960	698	2,191	2,739	2,998	2,518	2,031	2,412	4,878
cash and cash equivalents
cash	5,988	204,098	176,766	71,911	96,655	23,867	-69,454	-104,785	-213,303	-5,711	-97,957	289,797	-94,730	-57,823	511,323
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	5,988	204,098	176,766	71,911	96,655	23,867	-69,454	-104,785	-213,303	-5,711	-97,957	289,797	-94,730	-57,823	511,323

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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C. NORRIS (SPRING SPECIALISTS) LIMITED group structure

C. Norris (Spring Specialists) Limited has no subsidiary companies.

Ultimate parent company

C. NORRIS (SPRING SPECIALISTS) LIMITED

00722551

C. NORRIS (SPRING SPECIALISTS) LIMITED Shareholders

andrew stuart ward	60%
christopher armstead	20%
karen norris	20%

C. Norris (Spring Specialists) Limited currently has 2 directors. The longest serving directors include Mr Andrew Ward (Jun 1999) and Mr Christopher Armstead (Apr 2018).

officer	country	age	start	end	role
Mr Andrew Ward	England	57 years	Jun 1999	-	Director
Mr Christopher Armstead	United Kingdom	38 years	Apr 2018	-	Director

P&L

April 2024

turnover

1.7m

-13%

operating profit

49k

gross margin

30.6%

+0.29%

turnover

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

Balance Sheet

April 2024

net assets

1.2m

+0.06%

total assets

1.5m

-0.02%

cash

736.6k

+0.01%

net assets

Total assets minus all liabilities

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company number

00722551

Type

Private limited with Share Capital

industry

25930 - Manufacture of wire products, chain and springs

incorporation date

April 1962

ultimate parent company

None

previous names

N/A

address

lady house spring works, newhey road, milnrow rochdale, lancashire, OL16 4JD

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.

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c. norris (spring specialists) limited Company Information

c. norris (spring specialists) limited Estimated Valuation

c. norris (spring specialists) limited Estimated Valuation

c. norris (spring specialists) limited Estimated Valuation

C. Norris (spring Specialists) Limited Overview

C. Norris (spring Specialists) Limited Health Check

C. NORRIS (SPRING SPECIALISTS) LIMITED financials

c. norris (spring specialists) limited Credit Report and Business Information

C. Norris (spring Specialists) Limited Competitor Analysis

c. norris (spring specialists) limited Ownership

c. norris (spring specialists) limited directors

c. norris (spring specialists) limited company details

c. norris (spring specialists) limited Charges & Mortgages

c. norris (spring specialists) limited Capital Raised & Share Issues BETA

c. norris (spring specialists) limited Companies House Filings - See Documents