Norvic Aero Engines Limited

POWER SEARCH PRICING

SOLUTIONS

norvic aero engines limited Company Information

Live

MatureSmallHealthy

Company Number

03097233

Website

www.norvic.com

Registered Address

b f s house golden square, henfield, west sussex, BN5 9DP

Industry

Repair and maintenance of aircraft and spacecraft

Telephone

01273490100

Next Accounts Due

December 2024

Group Structure

View All

Directors

Richard Boddie15 Years

Shareholders

tvc2 limited 90%

richard boddie 10%

norvic aero engines limited Estimated Valuation

£178.2k - £3.6m

The estimated valuation range for norvic aero engines limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £178.2k to £3.6m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Norvic Aero Engines Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

Norvic Aero Engines Limited is a live company located in west sussex, BN5 9DP with a Companies House number of 03097233. It operates in the repair and maintenance of aircraft and spacecraft sector, SIC Code 33160. Founded in September 1995, it's largest shareholder is tvc2 limited with a 90% stake. Norvic Aero Engines Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Norvic Aero Engines Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£8.2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-1.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for norvic aero engines limited. Get real-time insights into norvic aero engines limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for norvic aero engines limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

NORVIC AERO ENGINES LIMITED group structure

Norvic Aero Engines Limited has no subsidiary companies.

Ultimate parent company

TVI GROUP LIMITED

08957594

TVC2 LIMITED

09357357

2 parents

NORVIC AERO ENGINES LIMITED

03097233

NORVIC AERO ENGINES LIMITED Shareholders

tvc2 limited	90%
richard boddie	10%

Norvic Aero Engines Limited currently has 1 director, Mr Richard Boddie serving since Oct 2008.

officer	country	age	start	end	role
Mr Richard Boddie		65 years	Oct 2008	-	Director

EXPORT

Norvic Aero Engines Limited's latest turnover from March 2023 is estimated at £4.2 million and the company has net assets of £921.9 thousand. According to their latest financial statements, Norvic Aero Engines Limited has 18 employees and maintains cash reserves of £133.9 thousand 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	Dec 2015	Dec 2014	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	4,205,151	3,022,962	3,038,395	2,903,132	2,610,337	2,903,336	2,476,010	1,929,972	3,264,230	3,125,480	4,104,657	2,692,176	2,228,760	1,845,836	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,015,159	2,236,147	2,364,375	1,777,835	833,133	1,825,433	1,759,181	1,330,698	2,196,648	2,103,757	2,708,907	1,814,126	1,492,342	1,235,943	0
Gross Profit	1,189,992	786,815	674,020	1,125,297	1,777,204	1,077,903	716,829	599,274	1,067,582	1,021,724	1,395,749	878,051	736,417	609,893	0
Admin Expenses	1,164,625	857,877	541,976	929,210	1,985,232	427,041	450,438	789,421	830,479	879,469	1,334,928	796,032	549,959	535,563	101,549
Operating Profit	25,367	-71,062	132,044	196,087	-208,028	650,862	266,391	-190,147	237,103	142,255	60,821	82,019	186,458	74,330	-101,549
Interest Payable	29,325	24,758	18,870	15,667	21,814	28,304	16,350	45,886	13,390	0	0	26,531	50,335	23,804	0
Interest Receivable	4,666	1,257	234	185	1,364	766	117	704	431	406	229	339	390	240	92
Pre-Tax Profit	709	-94,563	113,409	180,606	-228,478	623,325	250,159	-235,330	224,144	142,661	61,051	55,826	136,514	50,767	-101,457
Tax	-135	0	-21,548	-34,315	0	-118,432	-50,032	0	-47,070	-29,959	-14,042	-13,398	-35,494	-14,215	0
Profit After Tax	574	-94,563	91,861	146,291	-228,478	504,893	200,127	-235,330	177,074	112,702	47,009	42,428	101,020	36,552	-101,457
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	574	-94,563	91,861	146,291	-228,478	504,893	200,127	-235,330	177,074	112,702	47,009	42,428	101,020	36,552	-101,457
Employee Costs	838,386	731,946	792,623	828,016	877,516	826,461	722,261	683,816	955,565	896,208	1,234,495	852,843	612,800	452,493	0
Number Of Employees	18	18	18	20	21	21	19	17	24	23	33	23	18	14	0
EBITDA*	30,921	-64,180	136,590	207,544	-198,625	661,494	283,273	-175,178	243,161	166,580	98,154	118,471	217,201	110,408	-93,028

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	6,995	10,868	17,750	7,157	18,614	26,039	36,213	40,843	55,917	54,260	72,530	77,523	88,718	83,247	67,441
Intangible Assets	0	0	0	0	0	0	0	0	0	0	6,055	12,109	18,163	24,217	28,009
Investments & Other	0	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	0
Total Fixed Assets	6,995	10,868	17,750	7,157	18,614	26,039	36,213	40,843	55,917	54,260	78,585	89,632	106,881	107,464	95,450
Stock & work in progress	1,946,110	1,452,080	1,175,485	1,067,872	1,114,239	1,124,583	1,022,508	856,556	453,645	378,444	428,535	435,531	383,480	365,779	219,038
Trade Debtors	578,236	435,149	411,687	404,989	338,790	276,778	261,328	238,905	535,431	484,942	668,584	481,003	400,417	324,557	267,222
Group Debtors	0	0	0	0	0	183,391	0	0	0	0	0	0	0	0	0
Misc Debtors	218,973	261,076	197,214	52,819	100,972	92,370	98,930	143,970	0	0	0	0	0	0	0
Cash	133,857	85,720	249,504	219,469	151,195	212,594	93,739	162,197	119,369	109,225	53,155	38,560	96,870	59,139	36,958
misc current assets	0	0	0	0	8,837	0	0	0	0	0	0	0	0	0	0
total current assets	2,877,176	2,234,025	2,033,890	1,745,149	1,714,033	1,889,716	1,476,505	1,401,628	1,108,445	972,611	1,150,274	955,094	880,767	749,475	523,218
total assets	2,884,171	2,244,893	2,051,640	1,752,306	1,732,647	1,915,755	1,512,718	1,442,471	1,164,362	1,026,871	1,228,859	1,044,726	987,648	856,939	618,668
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	56,825	0	0	0	0	0	0	0
Trade Creditors	496,317	262,078	176,073	186,448	372,430	267,748	269,472	192,988	343,051	274,630	377,271	181,799	134,193	101,746	593,243
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	90,055	86,425	73,306	39,366	109,584	91,265	124,622	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	1,223,640	731,603	455,988	426,826	283,818	294,301	218,925	181,161	0	0	0	0	0	0	0
total current liabilities	1,810,012	1,080,106	705,367	652,640	765,832	653,314	613,019	430,974	343,051	274,630	377,271	181,799	134,193	101,746	593,243
loans	152,254	243,456	330,379	175,633	189,073	256,421	398,572	943,066	412,000	0	0	0	816,340	732,422	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	0	0	0	0	0	135	105,685	512,987	725,036	783,384	0	86,676	126,782
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	152,254	243,456	330,379	175,633	189,073	256,421	398,572	943,201	517,685	512,987	725,036	783,384	816,340	819,098	126,782
total liabilities	1,962,266	1,323,562	1,035,746	828,273	954,905	909,735	1,011,591	1,374,175	860,736	787,617	1,102,307	965,183	950,533	920,844	720,025
net assets	921,905	921,331	1,015,894	924,033	777,742	1,006,020	501,127	68,296	303,626	239,254	126,552	79,543	37,115	-63,905	-101,357
total shareholders funds	921,905	921,331	1,015,894	924,033	777,742	1,006,020	501,127	68,296	303,626	239,254	126,552	79,543	37,115	-63,905	-101,357

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	25,367	-71,062	132,044	196,087	-208,028	650,862	266,391	-190,147	237,103	142,255	60,821	82,019	186,458	74,330	-101,549
Depreciation	5,554	6,882	4,546	11,457	9,403	10,632	16,882	14,969	6,058	18,270	31,279	30,398	24,689	28,786	3,571
Amortisation	0	0	0	0	0	0	0	0	0	6,055	6,054	6,054	6,054	7,292	4,950
Tax	-135	0	-21,548	-34,315	0	-118,432	-50,032	0	-47,070	-29,959	-14,042	-13,398	-35,494	-14,215	0
Stock	494,030	276,595	107,613	-46,367	-10,344	102,075	1,022,508	402,911	25,110	-50,091	-6,996	52,051	17,701	146,741	219,038
Debtors	100,984	87,324	151,093	18,046	-112,777	192,281	360,258	-152,556	-133,153	-183,642	187,581	80,586	75,860	57,335	267,222
Creditors	234,239	86,005	-10,375	-185,982	104,682	-1,724	269,472	-150,063	-34,220	-102,641	195,472	47,606	32,447	-491,497	593,243
Accruals and Deferred Income	492,037	275,615	29,162	143,008	-10,483	75,376	218,925	181,161	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	162,048	-66,479	-124,877	158,576	18,695	322,358	-661,128	-394,435	269,914	267,713	98,999	20,042	120,593	-599,380	13,955
Investing Activities
capital expenditure	-1,681	0	-15,139	0	-1,978	-458	-53,095	105	16,610	0	-26,286	-19,203	-30,160	-48,092	-103,971
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,681	0	-15,139	0	-1,978	-458	-53,095	105	16,610	0	-26,286	-19,203	-30,160	-48,092	-103,971
Financing Activities
Bank loans	0	0	0	0	0	0	0	56,825	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	3,630	13,119	33,940	-70,218	18,319	-33,357	124,622	0	0	0	0	0	0	0	0
Long term loans	-91,202	-86,923	154,746	-13,440	-67,348	-142,151	398,572	531,066	412,000	0	0	-816,340	83,918	732,422	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	0	0	0	0	0	0	-105,550	-619,351	-212,049	-58,348	783,384	-86,676	-40,106	126,782
share issue	0	0	0	0	200	0	301,000	0	0	0	0	0	0	900	100
interest	-24,659	-23,501	-18,636	-15,482	-20,450	-27,538	-16,233	-45,182	-12,959	406	229	-26,192	-49,945	-23,564	92
cash flow from financing	-112,231	-97,305	170,050	-99,140	-69,279	-203,046	807,961	437,159	-220,310	-211,643	-58,119	-59,148	-52,703	669,652	126,974
cash and cash equivalents
cash	48,137	-163,784	30,035	68,274	-61,399	118,855	93,739	42,828	66,214	56,070	14,595	-58,310	37,731	22,181	36,958
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	48,137	-163,784	30,035	68,274	-61,399	118,855	93,739	42,828	66,214	56,070	14,595	-58,310	37,731	22,181	36,958

P&L

March 2023

turnover

4.2m

+39%

operating profit

25.4k

gross margin

28.3%

+8.72%

turnover

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

Balance Sheet

March 2023

net assets

921.9k

total assets

2.9m

+0.28%

cash

133.9k

+0.56%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

summit aviation ltd

a2b heli (maintenance) ltd

3.5

component recovery solutions limited

ras interiors limited

airbourne colours ltd

company number

03097233

Type

Private limited with Share Capital

industry

33160 - Repair and maintenance of aircraft and spacecraft

incorporation date

September 1995

age

accounts

Small Company

ultimate parent company

TVI GROUP LIMITED

previous names

aeropower limited (February 1997)

incorporated

address

b f s house golden square, henfield, west sussex, BN5 9DP

last accounts submitted

March 2023

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 9 charges/mortgages relating to norvic aero engines limited. Currently there are 3 open charges and 6 have been satisfied in the past.

norvic aero engines limited Company Information

norvic aero engines limited Estimated Valuation

norvic aero engines limited Estimated Valuation

norvic aero engines limited Estimated Valuation

Norvic Aero Engines Limited AI Business Plan

Norvic Aero Engines Limited Overview

Norvic Aero Engines Limited Health Check

norvic aero engines limited Credit Report and Business Information

Norvic Aero Engines Limited Competitor Analysis

norvic aero engines limited Ownership

norvic aero engines limited directors

NORVIC AERO ENGINES LIMITED financials

norvic aero engines limited company details

norvic aero engines limited Charges & Mortgages

norvic aero engines limited Companies House Filings - See Documents