Norfolk Homes Limited

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norfolk homes limited Company Information

Live

MatureLargeHealthy

Company Number

01910791

Website

www.norfolkhomes.co.uk

Registered Address

52 cambridge road south, london, W4 3DA

Industry

Construction of domestic buildings

Telephone

01493603590

Next Accounts Due

December 2024

Group Structure

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Directors

Alan Clark33 Years

Philip Makepeace33 Years

View All

Shareholders

dacerell ltd 100%

norfolk homes limited Estimated Valuation

£79.1m

Pomanda estimates the enterprise value of NORFOLK HOMES LIMITED at £79.1m based on an EBITDA of £7.7m and a 10.3x industry multiple (adjusted for size and gross margin).

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Norfolk Homes Limited is a live company located in london, W4 3DA with a Companies House number of 01910791. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 1985, it's largest shareholder is dacerell ltd with a 100% stake. Norfolk Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norfolk Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

0 Regular

4 Weak

Size

annual sales of £41.4m, make it larger than the average company (£607.3k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.8%)

EXPORT

Norfolk Homes Limited's latest turnover from March 2023 is £41.4 million and the company has net assets of £55.2 million. According to their latest financial statements, Norfolk Homes Limited has 58 employees and maintains cash reserves of £610 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	41,402,320	37,079,006	53,741,895	35,558,620	38,071,405	28,523,802	25,846,296	20,259,754	19,938,021	29,032,502	19,563,991	25,824,055	14,123,873	23,416,687
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	27,676,282	23,671,690	37,147,928	24,856,075	24,722,239	17,865,530	14,604,716	11,491,964	9,655,697	17,419,562	12,776,572	18,278,410	9,614,144	13,445,270
Gross Profit	13,726,038	13,407,316	16,593,967	10,702,545	13,349,166	10,658,272	11,241,580	8,767,790	10,282,324	11,612,940	6,787,419	7,545,645	4,509,729	9,971,417
Admin Expenses	6,484,000	8,817,156	6,819,803	7,127,547	8,106,822	6,573,456	6,125,577	5,625,616	5,430,380	5,207,231	4,534,237	4,026,472	3,277,507	9,689,715
Operating Profit	7,242,038	4,590,160	9,774,164	3,574,998	5,242,344	4,084,816	5,116,003	3,142,174	4,851,944	6,405,709	2,253,182	3,519,173	1,232,222	281,702
Interest Payable	259,048	248,734	376,512	620,691	553,569	425,077	296,262	225,102	153,580	134,083	117,649	108,204	122,828	157,523
Interest Receivable	5,872	1,151	0	79	0	7,032	4,488	11,867	44,415	20,541	18,815	29,281	7,608	9,991
Pre-Tax Profit	6,988,862	4,342,577	9,397,652	2,954,386	4,688,775	3,666,771	4,824,229	2,928,939	4,742,779	6,292,167	2,154,348	3,440,250	1,117,002	134,170
Tax	-1,377,976	-814,198	-1,785,855	-577,452	-879,478	-692,393	-966,673	-581,093	-994,232	-1,453,063	-518,326	-893,844	-315,839	-29,785
Profit After Tax	5,610,886	3,528,379	7,611,797	2,376,934	3,809,297	2,974,378	3,857,556	2,347,846	3,748,547	4,839,104	1,636,022	2,546,406	801,163	104,385
Dividends Paid	1,000,005	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,610,881	3,528,379	7,611,797	2,376,934	3,809,297	2,974,378	3,857,556	2,347,846	3,748,547	4,839,104	1,636,022	2,546,406	801,163	104,385
Employee Costs	3,340,794	2,910,730	2,817,084	3,113,056	3,085,440	2,839,328	2,471,604	2,345,569	1,853,434	1,935,045	1,956,322	2,043,139	2,051,017	2,085,626
Number Of Employees	58	53	54	59	62	58	50	49	43	45	47	51	56	58
EBITDA*	7,679,513	4,961,408	10,101,651	3,863,867	5,543,944	4,402,030	5,477,251	3,447,050	5,082,006	6,569,307	2,403,009	3,682,727	1,433,043	476,863

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,339,218	1,132,098	997,882	877,910	917,056	971,162	1,106,801	930,974	701,776	504,733	463,617	507,621	622,098	604,936
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,339,218	1,132,098	997,882	877,910	917,056	971,162	1,106,801	930,974	701,776	504,733	463,617	507,621	622,098	604,936
Stock & work in progress	56,369,756	56,121,548	53,689,608	70,209,113	68,838,323	60,232,129	56,321,527	52,140,401	45,639,725	35,265,809	34,654,531	30,534,602	34,194,321	31,234,453
Trade Debtors	250,870	203,149	295,953	337,759	395,533	148,504	119,881	170,947	200,466	99,799	114,453	44,713	49,226	991,712
Group Debtors	3,898,321	0	2,196,207	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,423,754	1,268,449	691,382	475,974	523,572	415,923	436,402	303,307	288,943	577,049	173,953	218,326	256,725	520,438
Cash	610	458	461	1,462	629	2,838	1,335	1,296	1,627	578	262	251	492	54
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	61,943,311	57,593,604	56,873,611	71,024,308	69,758,057	60,799,394	56,879,145	52,615,951	46,130,761	35,943,235	34,943,199	30,797,892	34,500,764	32,746,657
total assets	63,282,529	58,725,702	57,871,493	71,902,218	70,675,113	61,770,556	57,985,946	53,546,925	46,832,537	36,447,968	35,406,816	31,305,513	35,122,862	33,351,593
Bank overdraft	0	0	187,493	13,530,708	11,498,565	7,541,983	6,029,265	1,056,777	0	0	0	0	26,583	65,362
Bank loan	0	0	0	0	0	0	0	4,975,000	0	0	0	0	0	0
Trade Creditors	2,913,765	2,686,516	4,276,368	3,809,143	3,879,298	1,677,443	2,178,290	2,314,230	5,904,369	1,550,082	4,995,822	3,406,446	1,740,845	1,699,334
Group/Directors Accounts	0	744,086	0	9,506,132	14,192,540	15,896,717	15,355,768	15,458,146	3,685,665	1,606,606	2,794,313	1,169,444	9,741,565	8,210,662
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	4,844,079	4,508,478	6,169,939	4,063,802	3,913,527	3,268,750	3,991,565	3,179,036	3,065,449	2,897,804	2,092,538	2,843,950	2,268,233	2,855,723
total current liabilities	7,757,844	7,939,080	10,633,800	30,909,785	33,483,930	28,384,893	27,554,888	26,983,189	12,655,483	6,054,492	9,882,673	7,419,840	13,777,226	12,831,081
loans	0	0	0	0	0	0	0	0	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
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	1,400,000	0	0	0	0	0	0	0	0	0	0
provisions	318,916	191,734	171,184	137,721	113,405	117,182	136,955	127,189	88,353	53,322	23,093	20,645	27,014	3,053
total long term liabilities	318,916	191,734	171,184	1,537,721	113,405	117,182	136,955	127,189	10,088,353	10,053,322	10,023,093	10,020,645	10,027,014	10,003,053
total liabilities	8,076,760	8,130,814	10,804,984	32,447,506	33,597,335	28,502,075	27,691,843	27,110,378	22,743,836	16,107,814	19,905,766	17,440,485	23,804,240	22,834,134
net assets	55,205,769	50,594,888	47,066,509	39,454,712	37,077,778	33,268,481	30,294,103	26,436,547	24,088,701	20,340,154	15,501,050	13,865,028	11,318,622	10,517,459
total shareholders funds	55,205,769	50,594,888	47,066,509	39,454,712	37,077,778	33,268,481	30,294,103	26,436,547	24,088,701	20,340,154	15,501,050	13,865,028	11,318,622	10,517,459

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	7,242,038	4,590,160	9,774,164	3,574,998	5,242,344	4,084,816	5,116,003	3,142,174	4,851,944	6,405,709	2,253,182	3,519,173	1,232,222	281,702
Depreciation	437,475	371,248	327,487	288,869	301,600	317,214	361,248	304,876	230,062	163,598	149,827	163,554	200,821	195,161
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,377,976	-814,198	-1,785,855	-577,452	-879,478	-692,393	-966,673	-581,093	-994,232	-1,453,063	-518,326	-893,844	-315,839	-29,785
Stock	248,208	2,431,940	-16,519,505	1,370,790	8,606,194	3,910,602	4,181,126	6,500,676	10,373,916	611,278	4,119,929	-3,659,719	2,959,868	31,234,453
Debtors	4,101,347	-1,711,944	2,369,809	-105,372	354,678	8,144	82,029	-15,155	-187,439	388,442	25,367	-42,912	-1,206,199	1,512,150
Creditors	227,249	-1,589,852	467,225	-70,155	2,201,855	-500,847	-135,940	-3,590,139	4,354,287	-3,445,740	1,589,376	1,665,601	41,511	1,699,334
Accruals and Deferred Income	335,601	-1,661,461	2,106,137	150,275	644,777	-722,815	812,529	113,587	167,645	805,266	-751,412	575,717	-587,490	2,855,723
Deferred Taxes & Provisions	127,182	20,550	33,463	24,316	-3,777	-19,773	9,766	38,836	35,031	30,229	2,448	-6,369	23,961	3,053
Cash flow from operations	2,642,014	196,451	25,072,317	2,125,433	-1,453,551	-1,452,544	933,778	-7,057,280	-1,541,740	1,506,279	-1,420,201	8,726,463	-1,158,483	-27,741,415
Investing Activities
capital expenditure	-644,595	-505,464	-447,459	-249,723	-247,494	-181,575	-537,075	-534,074	-427,105	-204,714	-105,823	-49,077	-217,983	-800,097
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-644,595	-505,464	-447,459	-249,723	-247,494	-181,575	-537,075	-534,074	-427,105	-204,714	-105,823	-49,077	-217,983	-800,097
Financing Activities
Bank loans	0	0	0	0	0	0	-4,975,000	4,975,000	0	0	0	0	0	0
Group/Directors Accounts	-744,086	744,086	-9,506,132	-4,686,408	-1,704,177	540,949	-102,378	11,772,481	2,079,059	-1,187,707	1,624,869	-8,572,121	1,530,903	8,210,662
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	-10,000,000	0	0	0	0	0	10,000,000
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	-1,400,000	1,400,000	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	10,413,074
interest	-253,176	-247,583	-376,512	-620,612	-553,569	-418,045	-291,774	-213,235	-109,165	-113,542	-98,834	-78,923	-115,220	-147,532
cash flow from financing	-997,262	496,503	-11,282,644	-3,907,020	-2,257,746	122,904	-5,369,152	6,534,246	1,969,894	-1,301,249	1,526,035	-8,651,044	1,415,683	28,476,204
cash and cash equivalents
cash	152	-3	-1,001	833	-2,209	1,503	39	-331	1,049	316	11	-241	438	54
overdraft	0	-187,493	-13,343,215	2,032,143	3,956,582	1,512,718	4,972,488	1,056,777	0	0	0	-26,583	-38,779	65,362
change in cash	152	187,490	13,342,214	-2,031,310	-3,958,791	-1,511,215	-4,972,449	-1,057,108	1,049	316	11	26,342	39,217	-65,308

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORFOLK HOMES LIMITED group structure

Norfolk Homes Limited has 1 subsidiary company.

Ultimate parent company

NORFOLK HOMES HOLDINGS LIMITED

12177661

DACERELL LIMITED

01457536

2 parents

NORFOLK HOMES LIMITED

01910791

1 subsidiary

WENSUM VIEW MANAGEMENT COMPANY LTD

12902068

NORFOLK HOMES LIMITED Shareholders

dacerell ltd

100%

Norfolk Homes Limited currently has 3 directors. The longest serving directors include Mr Alan Clark (Apr 1991) and Mr Philip Makepeace (Apr 1991).

officer	country	age	start	end	role
Mr Alan Clark	England	76 years	Apr 1991	-	Director
Mr Philip Makepeace	United Kingdom	61 years	Apr 1991	-	Director
Mr James Nicholls	United Kingdom	42 years	Mar 2020	-	Director

P&L

March 2023

turnover

41.4m

+12%

operating profit

7.2m

+58%

gross margin

33.2%

-8.31%

turnover

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

Balance Sheet

March 2023

net assets

55.2m

+0.09%

total assets

63.3m

+0.08%

cash

610

+0.33%

net assets

Total assets minus all liabilities

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company number

01910791

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

May 1985

ultimate parent company

NORFOLK HOMES HOLDINGS LIMITED

previous names

N/A

address

52 cambridge road south, london, W4 3DA

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 70 charges/mortgages relating to norfolk homes limited. Currently there are 10 open charges and 60 have been satisfied in the past.

norfolk homes limited Company Information

norfolk homes limited Estimated Valuation

norfolk homes limited Estimated Valuation

norfolk homes limited Estimated Valuation

Norfolk Homes Limited Overview

Norfolk Homes Limited Health Check

NORFOLK HOMES LIMITED financials

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norfolk homes limited Ownership

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norfolk homes limited Companies House Filings - See Documents