Norse Commercial Services Limited

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norse commercial services limited Company Information

Company Number

02888808

Next Accounts

Dec 2025

Directors

Andrew Wood

Justin Galliford

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Shareholders

norse group ltd

Group Structure

View All

Industry

Combined facilities support activities

Registered Address

280 fifers lane, norwich, norfolk, NR6 6EQ

Website

https://norsegroup.co.uk/

norse commercial services limited Estimated Valuation

£55.3m

Pomanda estimates the enterprise value of NORSE COMMERCIAL SERVICES LIMITED at £55.3m based on a Turnover of £53.1m and 1.04x industry multiple (adjusted for size and gross margin).

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Norse Commercial Services Limited is a live company located in norfolk, NR6 6EQ with a Companies House number of 02888808. It operates in the combined facilities support activities sector, SIC Code 81100. Founded in January 1994, it's largest shareholder is norse group ltd with a 100% stake. Norse Commercial Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £53.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norse Commercial Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £53.1m, make it larger than the average company (£9.4m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.9%)

EXPORT

Norse Commercial Services Limited's latest turnover from March 2024 is £53.1 million and the company has net assets of £13.9 million. According to their latest financial statements, Norse Commercial Services Limited has 1,204 employees and maintains cash reserves of £87.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Feb 2015	Feb 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	53,135,942	45,548,848	41,311,507	37,538,628	32,676,700	183,695,214	165,022,547	164,441,184	178,917,673	141,870,130	137,241,317	126,125,648	111,183,481	105,555,592	99,790,376
Other Income Or Grants
Cost Of Sales	38,850,251	33,410,200	29,052,422	27,581,763	16,895,492	151,302,918	133,319,180	131,120,691	142,620,555	110,928,084	104,813,047	96,447,883	84,061,731	78,067,269	80,511,205
Gross Profit	14,285,691	12,138,648	12,259,085	9,956,865	15,781,208	32,392,296	31,703,367	33,320,493	36,297,118	30,942,046	32,428,270	29,677,765	27,121,750	27,488,323	19,279,171
Admin Expenses	28,448,199	14,395,738	11,616,131	6,777,073	13,879,485	31,434,292	29,986,436	28,044,625	31,055,316	26,314,953	27,223,653	25,655,818	22,972,239	19,387,703	18,007,956
Operating Profit	-14,162,508	-2,257,090	642,954	3,179,792	1,901,723	958,004	1,716,931	5,275,868	5,241,802	4,627,093	5,204,617	4,021,947	4,149,511	8,100,620	1,271,215
Interest Payable	622,030	940,275	496,181	553,064	556,708	963,451	952,564	820,825	1,260,212	952,021	1,045,892	868,050	5,130,673	585,450	5,025,762
Interest Receivable	821,064	462,026	384,238	69,727	102,468	25,470	15,416	25,243	62,040	25,884	102,010	111,737	5,241,456	55,956	66,643
Pre-Tax Profit	-13,963,474	-2,735,339	3,806,281	2,643,072	1,032,483	20,023	779,783	4,480,286	4,043,630	3,700,956	4,333,489	3,357,704	4,289,310	7,732,970	-267,636
Tax	-808,253	1,150,244	-735,489	-526,385	-62,913	-656,819	-480,675	-816,784	-940,829	-919,012	-999,487	-770,829	-1,095,643	-2,207,121	-113,573
Profit After Tax	-14,771,727	-1,585,095	3,070,792	2,116,687	969,570	-636,796	299,108	3,663,502	3,102,801	2,781,944	3,334,002	2,586,875	3,193,667	5,525,849	-381,209
Dividends Paid								508,000	800,000	1,155,000
Retained Profit	-14,771,727	-1,585,095	3,070,792	2,116,687	969,570	-1,767,278	-11,303	2,989,879	2,407,747	1,492,016	3,329,748	2,474,010	3,186,033	5,514,212	-378,037
Employee Costs	31,838,166	28,256,873	24,244,730	23,654,904	21,250,617	93,675,311	84,191,444	81,462,811	86,349,609	70,428,084	65,125,607	60,971,294	56,259,480	48,608,473	50,132,276
Number Of Employees	1,204	1,103	985	1,053	657	6,358	6,195	6,170	6,122	7,018	5,906	5,538	5,049	4,707	4,313
EBITDA*	-6,875,466	5,296,386	8,038,519	11,207,718	8,128,463	5,771,601	6,102,839	9,241,539	9,328,282	7,502,979	7,370,873	6,435,476	6,729,938	10,611,828	2,394,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Feb 2015	Feb 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	27,305,494	19,456,800	37,213,338	44,473,180	48,186,612	47,784,270	45,098,876	43,517,023	37,922,668	40,491,359	29,006,782	28,236,076	25,385,183	21,404,140	18,621,450
Intangible Assets	9,290,717	12,357,364	1,036,147	1,100,443	347,153	512,835	534,770	552,949	430,746	265,032	296,295	294,313	181,681	192,368	203,055
Investments & Other	1,221,328	1,221,321	159	3,171,304	3,509,289	2,304,956	688,094	521,833	269,080	1,101,798	303,907	231,153	139,083	58,877
Debtors (Due After 1 year)	276,850	253,684	3,968,336	4,467,394	3,670,440
Total Fixed Assets	38,094,389	33,289,169	38,249,485	45,573,623	48,533,765	48,297,105	45,633,646	44,069,972	38,353,414	40,756,391	29,303,077	28,530,389	25,705,947	21,655,385	18,824,505
Stock & work in progress	194,130	164,851	154,587	93,842	286,107	2,518,449	2,325,728	1,988,308	1,807,457	1,772,313	1,284,298	1,205,296	1,398,596	1,507,843	1,226,479
Trade Debtors	6,970,262	5,065,767	5,398,839	4,794,934	4,442,508	20,831,567	14,465,834	15,402,397	11,818,208	13,952,079	10,934,432	10,270,525	12,825,667	9,585,917	5,676,423
Group Debtors	33,651,028	61,769,936	49,277,761	48,602,145	26,969,633	11,561,463	6,570,163	8,359,447	14,228,198	13,475,329	4,540,709	4,567,155	7,120,096	6,347,662	6,299,556
Misc Debtors	5,619,598	5,360,105	2,704,021	5,789,483	2,310,116	6,007,632	6,369,303	9,094,607	5,516,984	4,183,037	4,518,482	4,564,615	3,232,229	4,458,576	3,632,391
Cash	87,509	157,408	3,122,736	7,045,819	2,404,034	911,165	2,776,906	2,699,529	4,267,528	2,246,102	10,084,161	9,505,875	3,397,608	955,081	3,442,460
misc current assets	37,959	150,000				743,275	275,000
total current assets	46,560,486	72,668,067	60,657,944	66,326,223	36,720,700	42,573,551	32,782,934	37,544,288	37,638,375	35,628,860	31,362,082	30,113,466	27,974,196	22,855,079	20,277,309
total assets	84,654,875	105,957,236	98,907,429	111,899,846	85,254,465	90,870,656	78,416,580	81,614,260	75,991,789	76,385,251	60,665,159	58,643,855	53,680,143	44,510,464	39,101,814
Bank overdraft	9,901,845	9,853,638	8,706,413			3,610,996	1,084,925	912,717	896,632	924,913	2,913,485	2,979,075	1,895,282	1,582,365	2,025,073
Bank loan			1,708,327	2,238,651	2,572,654								198,214
Trade Creditors	2,760,791	1,453,575	1,324,369	800,507	747,378	7,461,859	5,807,352	6,449,570	4,618,296	5,155,327	4,666,875	2,785,447	2,511,843	3,082,753	3,928,225
Group/Directors Accounts	37,037,422	34,060,366											2,462,826	274,275	198,003
other short term finances
hp & lease commitments	3,606,986	4,442,987	5,318,749	5,163,956	4,617,033	2,032,179	1,739,174	1,438,632	916,663	689,312	303,728	135,117	209,228	141,031	141,582
other current liabilities	7,084,924	14,777,257	33,920,673	57,438,294	31,794,211	22,327,243	18,155,754	22,262,298	24,559,210	24,200,299	17,079,228	17,489,534	17,185,378	15,467,921	11,133,997
total current liabilities	60,391,968	64,587,823	50,978,531	65,641,408	39,731,276	35,432,277	26,787,205	31,063,217	30,990,801	30,969,851	24,963,316	23,389,173	24,462,771	20,548,345	17,426,880
loans			18,991,976	23,387,140	28,367,736	14,404,320	11,041,972	9,687,880	6,979,540	6,047,952	1,947,130	271,612	7,322,322	5,980,010	5,061,418
hp & lease commitments	4,439,569	6,673,098	9,495,988	11,693,570	13,829,021	7,202,160	5,520,986	4,843,940	3,489,770	3,023,976	973,565	135,806	243,601	104,493	238,090
Accruals and Deferred Income													853,689	41,797
other liabilities						3,865,453	4,829,286	5,772,259	6,694,379	7,449,873	3,967,980	7,797,098			2,826
provisions	50,000	29,000	33,694,000	47,500,000	39,784,000	54,830,000	40,766,000	43,412,000	23,248,000	45,514,390	29,917,800	36,136,158	200,001	90,000	222,310
total long term liabilities	10,362,569	12,872,098	26,342,988	35,443,570	34,075,868	38,482,613	30,733,272	32,322,199	21,808,149	33,231,044	19,900,445	26,000,983	16,241,863	11,328,490	20,289,684
total liabilities	70,754,537	77,459,921	77,321,519	101,084,978	73,807,144	73,914,890	57,520,477	63,385,416	52,798,950	64,200,895	44,863,761	49,390,156	40,704,634	31,876,835	37,716,564
net assets	13,900,338	28,497,315	21,585,910	10,814,868	11,447,321	16,955,766	20,896,103	18,228,844	23,192,839	12,184,356	15,801,398	9,089,254	12,923,935	12,583,962	1,347,220
total shareholders funds	13,900,338	28,497,315	21,585,910	10,814,868	11,447,321	16,955,766	20,896,103	18,228,844	23,192,839	12,184,356	15,801,398	9,089,254	12,923,935	12,583,962	1,347,220

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Apr 2018	Apr 2017	Apr 2016	Feb 2015	Feb 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-14,162,508	-2,257,090	642,954	3,179,792	1,901,723	958,004	1,716,931	5,275,868	5,241,802	4,627,093	5,204,617	4,021,947	4,149,511	8,100,620	1,271,215
Depreciation	6,896,396	6,945,887	6,821,662	7,501,241	6,058,469	4,660,678	4,257,823	3,845,044	3,845,044	2,826,938	2,157,403	2,381,713	2,580,427	2,511,208	1,122,862
Amortisation	390,646	607,589	573,903	526,685	168,271	152,919	128,085	120,627	241,436	48,948	8,853	31,816
Tax	-808,253	1,150,244	-735,489	-526,385	-62,913	-656,819	-480,675	-816,784	-940,829	-919,012	-999,487	-770,829	-1,095,643	-2,207,121	-113,573
Stock	29,279	10,264	60,745	-192,265	-2,232,342	192,721	337,420	180,851	35,144	488,015	79,002	-193,300	-109,247	281,364	1,226,479
Debtors	-25,931,754	11,100,535	-2,304,999	26,261,259	-1,007,965	10,995,362	-5,451,151	1,293,061	-47,055	11,616,822	591,328	-3,775,697	2,785,837	4,783,785	15,608,370
Creditors	1,307,216	129,206	523,862	53,129	-6,714,481	1,654,507	-642,218	1,831,274	-537,031	488,452	1,881,428	273,604	-570,910	-845,472	3,928,225
Accruals and Deferred Income	-7,692,333	-19,143,416	-23,517,621	25,644,083	9,466,968	4,171,489	-4,106,544	-2,296,912	358,911	7,121,071	-410,306	-549,533	2,529,349	4,375,721	11,133,997
Deferred Taxes & Provisions	21,000	-33,665,000	-13,806,000	7,716,000	-15,046,000	14,064,000	-2,646,000	20,164,000	-22,266,390	15,596,590	-6,218,358	35,936,157	110,001	-132,310	222,310
Cash flow from operations	11,854,639	-57,343,379	-27,252,475	18,025,551	-987,656	13,816,695	3,341,133	26,649,205	-14,045,146	17,685,243	953,820	45,293,872	5,026,145	6,737,497	730,187
Investing Activities
capital expenditure	-12,069,089	-1,118,155	-71,427	-5,067,784	-6,463,400	-7,477,056	-5,949,582	-9,682,229	-1,683,503	-14,329,200	-2,938,944	-5,377,054	-5,352,470	-5,289,589	-6,221,930
Change in Investments	7	1,221,162	-3,171,145	-337,985	1,204,333	1,616,862	166,261	252,753	-832,718	797,891	72,754	92,070	80,206	58,877
cash flow from investments	-12,069,096	-2,339,317	3,099,718	-4,729,799	-7,667,733	-9,093,918	-6,115,843	-9,934,982	-850,785	-15,127,091	-3,011,698	-5,469,124	-5,432,676	-5,348,466	-6,221,930
Financing Activities
Bank loans		-1,708,327	-530,324	-334,003	2,572,654							-198,214	198,214
Group/Directors Accounts	2,977,056	34,060,366										-2,462,826	2,188,551	76,272	198,003
Other Short Term Loans
Long term loans		-18,991,976	-4,395,164	-4,980,596	13,963,416	3,362,348	1,354,092	2,708,340	931,588	4,100,822	1,675,518	-7,050,710	1,342,312	918,592	5,061,418
Hire Purchase and Lease Commitments	-3,069,530	-3,698,652	-2,042,789	-1,588,528	9,211,715	1,974,179	977,588	1,876,139	693,145	2,435,995	1,006,370	-181,906	207,305	-134,148	379,672
other long term liabilities					-3,865,453	-963,833	-942,973	-922,120	-755,494	3,481,893	-3,829,118	7,797,098		-2,826	2,826
share issue	174,750	8,496,500	7,700,250	-2,749,140	-6,478,015	-2,173,059	2,678,562	-7,953,874	8,600,736	-5,109,058	3,382,396	-6,308,691	-2,846,060	5,722,530	1,725,257
interest	199,034	-478,249	-111,943	-483,337	-454,240	-937,981	-937,148	-795,582	-1,198,172	-926,137	-943,882	-756,313	110,783	-529,494	-4,959,119
cash flow from financing	281,310	17,679,662	620,030	-10,135,604	14,950,077	1,261,654	3,130,121	-5,087,097	8,271,803	3,983,515	1,291,284	-9,161,562	1,201,105	6,050,926	2,408,057
cash and cash equivalents
cash	-69,899	-2,965,328	-3,923,083	4,641,785	1,492,869	-1,865,741	77,377	-1,567,999	2,021,426	-7,838,059	578,286	6,108,267	2,442,527	-2,487,379	3,442,460
overdraft	48,207	1,147,225	8,706,413		-3,610,996	2,526,071	172,208	16,085	-28,281	-1,988,572	-65,590	1,083,793	312,917	-442,708	2,025,073
change in cash	-118,106	-4,112,553	-12,629,496	4,641,785	5,103,865	-4,391,812	-94,831	-1,584,084	2,049,707	-5,849,487	643,876	5,024,474	2,129,610	-2,044,671	1,417,387

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORSE COMMERCIAL SERVICES LIMITED group structure

Norse Commercial Services Limited has 22 subsidiary companies.

Ultimate parent company

NORFOLK COUNTY COUNCIL

#0015836

NORSE GROUP LIMITED

05694657

2 parents

NORSE COMMERCIAL SERVICES LIMITED

02888808

22 subsidiaries

PETERBOROUGH NORSE LIMITED

10697064

AMBER VALLEY NORSE LIMITED

12522976

WELLINGBOROUGH NORSE LIMITED

07883119

EAST HAMPSHIRE NORSE LIMITED

14382834

BARNSLEY NORSE LIMITED

07742678

NORSE EASTERN LIMITED

07445476

GREAT YARMOUTH NORSE LIMITED

09195591

SUFFOLK COASTAL NORSE LIMITED

05124558

ALLIANCE NORSE LIMITED

13861679

SUFFOLK NORSE LIMITED

07911392

UTTLESFORD NORSE SERVICES LIMITED

12441356

EVENTGUARD LIMITED

04208438

MEDWAY NORSE LIMITED

08353127

NEWPORT NORSE LIMITED

08915343

ROCHFORD NORSE LIMITED

13874063

NORSE ENVIRONMENTAL WASTE SERVICES LIMITED

08714244

ENFIELD NORSE LIMITED

06833446

WAVENEY NORSE LIMITED

06600996

NORSE SOUTH EAST LIMITED

09891365

NORSE SOUTH WEST LIMITED

07553812

WEST NORTHAMPTONSHIRE NORSE LIMITED

10697130

GYB SERVICES LIMITED

04897142

NORSE COMMERCIAL SERVICES LIMITED Shareholders

norse group ltd

100%

Norse Commercial Services Limited currently has 3 directors. The longest serving directors include Dr Andrew Wood (Feb 2022) and Mr Justin Galliford (Apr 2022).

officer	country	age	start	end	role
Dr Andrew Wood	United Kingdom	65 years	Feb 2022	-	Director
Mr Justin Galliford	United Kingdom	46 years	Apr 2022	-	Director
Mrs Zoe Repman	England	55 years	Aug 2022	-	Director

P&L

March 2024

turnover

53.1m

+17%

operating profit

-14.2m

+527%

gross margin

26.9%

+0.88%

turnover

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

Balance Sheet

March 2024

net assets

13.9m

-0.51%

total assets

84.7m

-0.2%

cash

87.5k

-0.44%

net assets

Total assets minus all liabilities

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company number

02888808

Type

Private limited with Share Capital

industry

81100 - Combined facilities support activities

incorporation date

January 1994

ultimate parent company

NORFOLK COUNTY COUNCIL

previous names

norfolk county services limited (April 2009)

address

280 fifers lane, norwich, norfolk, NR6 6EQ

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norse commercial services limited Company Information

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