nordic engineering limited
nordic engineering limited Company Information
Company Number
01537093
Next Accounts
Sep 2025
Directors
Shareholders
per olof assmundson
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
206 upper richmond road west, london, SW14 8AH
Website
https://www.nordiceng.co.uknordic engineering limited Estimated Valuation
Pomanda estimates the enterprise value of NORDIC ENGINEERING LIMITED at £1.9k based on a Turnover of £4.3k and 0.45x industry multiple (adjusted for size and gross margin).
nordic engineering limited Estimated Valuation
Pomanda estimates the enterprise value of NORDIC ENGINEERING LIMITED at £0 based on an EBITDA of £-79.6k and a 3.69x industry multiple (adjusted for size and gross margin).
nordic engineering limited Estimated Valuation
Pomanda estimates the enterprise value of NORDIC ENGINEERING LIMITED at £1.1m based on Net Assets of £442.1k and 2.57x industry multiple (adjusted for liquidity).
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Nordic Engineering Limited Overview
Nordic Engineering Limited is a live company located in london, SW14 8AH with a Companies House number of 01537093. It operates in the other engineering activities sector, SIC Code 71129. Founded in January 1981, it's largest shareholder is per olof assmundson with a 100% stake. Nordic Engineering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £4.3k with declining growth in recent years.
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Nordic Engineering Limited Health Check
Pomanda's financial health check has awarded Nordic Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £4.3k, make it smaller than the average company (£5.2m)
- Nordic Engineering Limited
£5.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -68%, show it is growing at a slower rate (8.2%)
- Nordic Engineering Limited
8.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Nordic Engineering Limited
32.9% - Industry AVG
Profitability
an operating margin of -1835.7% make it less profitable than the average company (5.8%)
- Nordic Engineering Limited
5.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (35)
- Nordic Engineering Limited
35 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£58.2k)
- Nordic Engineering Limited
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £4.3k, this is less efficient (£136.3k)
- Nordic Engineering Limited
£136.3k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (66 days)
- Nordic Engineering Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (27 days)
- Nordic Engineering Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nordic Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7604 weeks, this is more cash available to meet short term requirements (18 weeks)
7604 weeks - Nordic Engineering Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.3%, this is a lower level of debt than the average (57.6%)
0.3% - Nordic Engineering Limited
57.6% - Industry AVG
NORDIC ENGINEERING LIMITED financials
Nordic Engineering Limited's latest turnover from December 2023 is estimated at £4.3 thousand and the company has net assets of £442.1 thousand. According to their latest financial statements, we estimate that Nordic Engineering Limited has 1 employee and maintains cash reserves of £180.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | 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 | |||||||||||||||
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | 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 | 686 | 1,030 | |||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 261,220 | 293,927 | 340,326 | 384,215 | 458,914 | 243,735 | 239,462 | 482,889 | 342,173 | 302,558 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 261,220 | 293,927 | 340,326 | 384,215 | 458,914 | 243,735 | 239,462 | 482,889 | 342,173 | 302,558 | 686 | 1,030 | |||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,245 | 1,587 | 6,647 | 12,185 | 11,891 | 110 | 24,116 | 187 | 20,831 | 31,876 | 516 | 16,297 | 9,026 | 23,613 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 180,312 | 220,789 | 199,073 | 193,357 | 147,696 | 330,642 | 353,177 | 101,912 | 474,248 | 83,853 | 155,748 | 467,021 | 372,945 | 290,332 | 270,955 |
| misc current assets | 527 | ||||||||||||||
| total current assets | 182,084 | 220,789 | 200,660 | 200,004 | 159,881 | 342,533 | 353,287 | 126,028 | 474,435 | 104,684 | 187,624 | 467,537 | 389,242 | 299,358 | 294,568 |
| total assets | 443,304 | 514,716 | 540,986 | 584,219 | 618,795 | 586,268 | 592,749 | 608,917 | 474,435 | 446,857 | 490,182 | 468,223 | 390,272 | 299,358 | 294,568 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 20 | 3,547 | 12,191 | 26,750 | 17,696 | 13,096 | 21,095 | 49,382 | 30,284 | 33,011 | 22,979 | 39,797 | 44,130 | 29,192 | 56,609 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,213 | ||||||||||||||
| total current liabilities | 1,233 | 3,547 | 12,191 | 26,750 | 17,696 | 13,096 | 21,095 | 49,382 | 30,284 | 33,011 | 22,979 | 39,797 | 44,130 | 29,192 | 56,609 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,800 | 6,500 | 6,500 | 13,752 | |||||||||||
| total long term liabilities | 3,800 | 6,500 | 6,500 | 13,752 | |||||||||||
| total liabilities | 1,233 | 3,547 | 12,191 | 26,750 | 21,496 | 19,596 | 27,595 | 63,134 | 30,284 | 33,011 | 22,979 | 39,797 | 44,130 | 29,192 | 56,609 |
| net assets | 442,071 | 511,169 | 528,795 | 557,469 | 597,299 | 566,672 | 565,154 | 545,783 | 444,151 | 413,846 | 467,203 | 428,426 | 346,142 | 270,166 | 237,959 |
| total shareholders funds | 442,071 | 511,169 | 528,795 | 557,469 | 597,299 | 566,672 | 565,154 | 545,783 | 444,151 | 413,846 | 467,203 | 428,426 | 346,142 | 270,166 | 237,959 |
| Dec 2023 | Dec 2022 | 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 | |||||||||||||||
| Depreciation | 686 | 344 | 344 | 166 | |||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 1,245 | -1,587 | -5,060 | -5,538 | 294 | 11,781 | -24,006 | 23,929 | -20,644 | -11,045 | 31,360 | -15,781 | 7,271 | -14,587 | 23,613 |
| Creditors | -3,527 | -8,644 | -14,559 | 9,054 | 4,600 | -7,999 | -28,287 | 19,098 | -2,727 | 10,032 | -16,818 | -4,333 | 14,938 | -27,417 | 56,609 |
| Accruals and Deferred Income | 1,213 | ||||||||||||||
| Deferred Taxes & Provisions | -3,800 | -2,700 | -7,252 | 13,752 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -32,707 | -46,399 | -43,889 | -74,699 | 215,179 | 4,273 | -243,427 | 482,889 | -342,173 | 39,615 | 302,558 | ||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -40,477 | 21,716 | 5,716 | 45,661 | -182,946 | -22,535 | 251,265 | -372,336 | 390,395 | -71,895 | -311,273 | 94,076 | 82,613 | 19,377 | 270,955 |
| overdraft | |||||||||||||||
| change in cash | -40,477 | 21,716 | 5,716 | 45,661 | -182,946 | -22,535 | 251,265 | -372,336 | 390,395 | -71,895 | -311,273 | 94,076 | 82,613 | 19,377 | 270,955 |
nordic engineering limited Credit Report and Business Information
Nordic Engineering Limited Competitor Analysis
Perform a competitor analysis for nordic engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in SW14 area or any other competitors across 12 key performance metrics.
nordic engineering limited Ownership
NORDIC ENGINEERING LIMITED group structure
Nordic Engineering Limited has no subsidiary companies.
Ultimate parent company
NORDIC ENGINEERING LIMITED
01537093
nordic engineering limited directors
Nordic Engineering Limited currently has 1 director, Per-Olof Assmundson serving since Dec 1997.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Per-Olof Assmundson | 72 years | Dec 1997 | - | Director |
P&L
December 2023turnover
4.3k
-86%
operating profit
-79.6k
0%
gross margin
32.9%
+0.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
442.1k
-0.14%
total assets
443.3k
-0.14%
cash
180.3k
-0.18%
net assets
Total assets minus all liabilities
nordic engineering limited company details
company number
01537093
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
January 1981
age
44
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
brablight engineering limited (December 1981)
accountant
E ACCOUNTANTS LIMITED
auditor
-
address
206 upper richmond road west, london, SW14 8AH
Bank
-
Legal Advisor
-
nordic engineering 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 did not find charges/mortgages relating to nordic engineering limited.
nordic engineering 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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nordic engineering limited Companies House Filings - See Documents
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