Pomanda estimates the enterprise value of NORCROS PLC at £500.4m based on a Turnover of £392.1m and 1.28x industry multiple (adjusted for size and gross margin).
norcros plcEstimated Valuation
£511.8m
Pomanda estimates the enterprise value of NORCROS PLC at £511.8m based on an EBITDA of £50.7m and a 10.09x industry multiple (adjusted for size and gross margin).
norcros plcEstimated Valuation
£468.4m
Pomanda estimates the enterprise value of NORCROS PLC at £468.4m based on Net Assets of £222.4m and 2.11x industry multiple (adjusted for liquidity).
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Norcros PlcOverview
Norcros Plc is a live company located in wilmslow, SK9 1BU with a Companies House number of 03691883. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 1999, it's largest shareholder is
hsbc global custody nominee (uk) ltd a/c 899348
with a 54.7% stake. Norcros Plc is a mature,
mega sized company, Pomanda has estimated its turnover at
£392.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Norcros Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £392.1m, make it larger than the average company (£20.1m)
£392.1m - Norcros Plc
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9%)
7% - Norcros Plc
9% - Industry AVG
Production
with a gross margin of 42.1%, this company has a lower cost of product (33.2%)
42.1% - Norcros Plc
33.2% - Industry AVG
Profitability
an operating margin of 10.2% make it more profitable than the average company (5.8%)
10.2% - Norcros Plc
5.8% - Industry AVG
Employees
with 2270 employees, this is above the industry average (114)
2270 - Norcros Plc
114 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has a lower pay structure (£48.7k)
£33.4k - Norcros Plc
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £172.7k, this is equally as efficient (£196k)
£172.7k - Norcros Plc
£196k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (44 days)
62 days - Norcros Plc
44 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (42 days)
72 days - Norcros Plc
42 days - Industry AVG
Stock Days
it holds stock equivalent to 156 days, this is more than average (46 days)
156 days - Norcros Plc
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is average cash available to meet short term requirements (16 weeks)
16 weeks - Norcros Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.7%, this is a lower level of debt than the average (54.8%)
47.7% - Norcros Plc
54.8% - Industry AVG
NORCROS PLC financials
EXPORT
Norcros Plc's latest turnover from March 2024 is £392.1 million and the company has net assets of £222.4 million. According to their latest financial statements, Norcros Plc has 2,270 employees and maintains cash reserves of £30.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
392,100,000
441,000,000
396,300,000
324,200,000
342,000,000
331,000,000
300,100,000
271,200,000
235,900,000
222,100,000
218,700,000
210,700,000
200,300,000
196,100,000
169,600,000
Other Income Or Grants
Cost Of Sales
227,100,000
271,700,000
267,558,653
205,800,000
230,747,355
224,192,671
204,324,661
184,080,613
160,326,097
154,352,382
152,956,896
147,273,006
139,906,759
136,122,766
117,401,148
Gross Profit
165,000,000
169,300,000
128,741,347
118,400,000
111,252,645
106,807,329
95,775,339
87,119,387
75,573,903
67,747,618
65,743,104
63,426,994
60,393,241
59,977,234
52,198,852
Admin Expenses
125,100,000
141,800,000
92,541,347
93,500,000
93,452,645
81,707,329
76,175,339
70,319,387
58,873,903
57,147,618
52,943,104
54,826,994
48,293,241
49,377,234
52,998,852
Operating Profit
39,900,000
27,500,000
36,200,000
24,900,000
17,800,000
25,100,000
19,600,000
16,800,000
16,700,000
10,600,000
12,800,000
8,600,000
12,100,000
10,600,000
-800,000
Interest Payable
8,100,000
6,400,000
2,800,000
6,400,000
3,700,000
2,000,000
4,500,000
3,300,000
1,100,000
18,500,000
5,700,000
20,300,000
22,900,000
3,400,000
5,900,000
Interest Receivable
1,700,000
3,600,000
1,200,000
19,300,000
21,700,000
21,400,000
600,000
Pre-Tax Profit
32,600,000
21,700,000
33,000,000
18,500,000
15,000,000
25,400,000
13,500,000
11,500,000
15,400,000
11,000,000
5,800,000
10,000,000
9,400,000
7,500,000
-100,000
Tax
-5,800,000
-4,900,000
-7,300,000
-3,500,000
-4,100,000
-6,000,000
-3,600,000
-3,000,000
-2,400,000
-2,900,000
4,300,000
-900,000
-800,000
Profit After Tax
26,800,000
16,800,000
25,700,000
15,000,000
10,900,000
19,400,000
9,900,000
8,500,000
13,000,000
8,100,000
10,100,000
9,100,000
9,400,000
6,700,000
-100,000
Dividends Paid
9,200,000
9,100,000
9,100,000
9,100,000
5,000,000
4,200,000
3,600,000
3,100,000
2,800,000
2,500,000
2,200,000
700,000
Retained Profit
17,600,000
7,700,000
16,600,000
5,900,000
10,900,000
19,400,000
4,900,000
4,300,000
9,400,000
5,100,000
5,900,000
6,600,000
7,200,000
6,000,000
-100,000
Employee Costs
75,800,000
76,900,000
65,900,000
52,800,000
60,700,000
60,400,000
59,900,000
59,600,000
48,400,000
44,100,000
44,300,000
41,300,000
41,200,000
40,100,000
35,100,000
Number Of Employees
2,270
2,446
2,196
2,055
2,154
2,075
2,090
1,729
1,991
1,736
1,711
1,608
1,630
1,666
1,593
EBITDA*
50,700,000
38,700,000
45,100,000
38,000,000
32,800,000
35,500,000
28,200,000
24,400,000
23,100,000
16,900,000
19,200,000
14,800,000
18,300,000
17,200,000
5,900,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
45,300,000
39,700,000
88,100,000
47,600,000
59,000,000
43,100,000
49,000,000
54,000,000
48,200,000
51,400,000
52,900,000
59,100,000
56,600,000
56,800,000
56,800,000
Intangible Assets
179,200,000
187,100,000
90,300,000
93,600,000
96,500,000
94,900,000
98,900,000
44,800,000
45,200,000
26,900,000
27,100,000
27,600,000
23,400,000
23,900,000
23,800,000
Investments & Other
4,400,000
5,400,000
5,400,000
5,500,000
7,200,000
Debtors (Due After 1 year)
17,200,000
14,900,000
19,600,000
4,700,000
Total Fixed Assets
224,500,000
226,800,000
158,800,000
141,200,000
150,800,000
138,000,000
147,900,000
98,800,000
93,400,000
78,300,000
80,000,000
86,700,000
80,000,000
80,700,000
80,600,000
Stock & work in progress
97,400,000
103,900,000
100,600,000
78,100,000
78,900,000
79,500,000
74,900,000
70,300,000
60,100,000
52,200,000
50,200,000
52,800,000
45,500,000
42,300,000
37,400,000
Trade Debtors
67,500,000
78,700,000
66,900,000
60,400,000
56,100,000
57,800,000
58,500,000
53,500,000
47,300,000
37,500,000
35,500,000
36,300,000
33,500,000
36,400,000
32,900,000
Group Debtors
Misc Debtors
5,100,000
4,600,000
4,200,000
4,200,000
4,400,000
4,700,000
5,900,000
3,300,000
3,600,000
3,000,000
6,400,000
7,700,000
7,200,000
6,200,000
5,800,000
Cash
30,800,000
29,000,000
27,400,000
28,300,000
47,300,000
27,200,000
25,800,000
37,500,000
25,500,000
5,600,000
3,900,000
6,800,000
2,900,000
7,700,000
3,900,000
misc current assets
1,600,000
2,000,000
300,000
700,000
2,500,000
2,100,000
6,200,000
1,000,000
600,000
1,800,000
1,800,000
total current assets
200,800,000
216,200,000
200,700,000
171,000,000
188,700,000
169,500,000
165,100,000
165,300,000
139,000,000
100,400,000
102,200,000
104,600,000
89,700,000
94,400,000
81,800,000
total assets
425,300,000
443,000,000
359,500,000
312,200,000
339,500,000
307,500,000
313,000,000
264,100,000
232,400,000
178,700,000
182,200,000
191,300,000
169,700,000
175,100,000
162,400,000
Bank overdraft
100,000
3,800,000
22,400,000
1,400,000
700,000
400,000
400,000
3,100,000
2,800,000
Bank loan
30,900,000
Trade Creditors
45,400,000
50,800,000
56,600,000
49,500,000
41,200,000
44,600,000
41,100,000
42,600,000
38,900,000
33,900,000
30,600,000
31,500,000
30,900,000
27,100,000
22,000,000
Group/Directors Accounts
other short term finances
600,000
2,000,000
2,300,000
500,000
400,000
8,500,000
1,000,000
hp & lease commitments
6,300,000
6,100,000
5,700,000
5,400,000
5,200,000
100,000
100,000
other current liabilities
46,900,000
53,800,000
48,500,000
46,900,000
32,200,000
36,300,000
40,200,000
32,200,000
25,900,000
22,300,000
26,700,000
22,000,000
21,200,000
26,200,000
22,500,000
total current liabilities
99,200,000
112,700,000
110,800,000
104,100,000
79,200,000
85,100,000
89,800,000
105,700,000
87,200,000
58,600,000
58,100,000
54,000,000
52,500,000
56,400,000
47,300,000
loans
168,000,000
195,000,000
74,200,000
73,200,000
207,000,000
116,800,000
64,400,000
59,600,000
71,200,000
36,800,000
61,300,000
74,000,000
40,600,000
30,400,000
34,000,000
hp & lease commitments
15,900,000
18,600,000
18,300,000
18,800,000
19,900,000
100,000
Accruals and Deferred Income
other liabilities
4,600,000
6,200,000
300,000
300,000
300,000
900,000
1,300,000
3,600,000
3,000,000
1,400,000
1,600,000
2,200,000
1,700,000
1,800,000
1,600,000
provisions
30,200,000
32,400,000
22,000,000
45,600,000
104,200,000
74,800,000
105,800,000
136,800,000
118,000,000
95,200,000
52,400,000
73,000,000
48,200,000
44,600,000
50,600,000
total long term liabilities
103,700,000
119,900,000
48,400,000
59,700,000
155,900,000
96,700,000
118,600,000
101,800,000
97,600,000
67,400,000
58,600,000
75,700,000
46,100,000
39,300,000
43,900,000
total liabilities
202,900,000
232,600,000
159,200,000
163,800,000
235,100,000
181,800,000
208,400,000
207,500,000
184,800,000
126,000,000
116,700,000
129,700,000
98,600,000
95,700,000
91,200,000
net assets
222,400,000
210,400,000
200,300,000
148,400,000
104,400,000
125,700,000
104,600,000
56,600,000
47,600,000
52,700,000
65,500,000
61,600,000
71,100,000
79,400,000
71,200,000
total shareholders funds
222,400,000
210,400,000
200,300,000
148,400,000
104,400,000
125,700,000
104,600,000
56,600,000
47,600,000
52,700,000
65,500,000
61,600,000
71,100,000
79,400,000
71,200,000
Mar 2024
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
39,900,000
27,500,000
36,200,000
24,900,000
17,800,000
25,100,000
19,600,000
16,800,000
16,700,000
10,600,000
12,800,000
8,600,000
12,100,000
10,600,000
-800,000
Depreciation
4,000,000
4,900,000
5,100,000
9,200,000
11,100,000
6,600,000
6,400,000
6,400,000
5,500,000
6,000,000
6,000,000
6,200,000
6,200,000
6,600,000
6,700,000
Amortisation
6,800,000
6,300,000
3,800,000
3,900,000
3,900,000
3,800,000
2,200,000
1,200,000
900,000
300,000
400,000
Tax
-5,800,000
-4,900,000
-7,300,000
-3,500,000
-4,100,000
-6,000,000
-3,600,000
-3,000,000
-2,400,000
-2,900,000
4,300,000
-900,000
-800,000
Stock
-6,500,000
3,300,000
22,500,000
-800,000
-600,000
4,600,000
4,600,000
10,200,000
7,900,000
2,000,000
-2,600,000
7,300,000
3,200,000
4,900,000
37,400,000
Debtors
-8,400,000
7,500,000
26,100,000
-600,000
2,700,000
-1,900,000
7,600,000
5,900,000
10,400,000
-1,400,000
-2,100,000
3,300,000
-1,900,000
3,900,000
38,700,000
Creditors
-5,400,000
-5,800,000
7,100,000
8,300,000
-3,400,000
3,500,000
-1,500,000
3,700,000
5,000,000
3,300,000
-900,000
600,000
3,800,000
5,100,000
22,000,000
Accruals and Deferred Income
-6,900,000
5,300,000
1,600,000
14,700,000
-4,100,000
-3,900,000
8,000,000
6,300,000
3,600,000
-4,400,000
4,700,000
800,000
-5,000,000
3,700,000
22,500,000
Deferred Taxes & Provisions
-2,200,000
10,400,000
-23,600,000
-58,600,000
29,400,000
-31,000,000
-31,000,000
18,800,000
22,800,000
42,800,000
-20,600,000
24,800,000
3,600,000
-6,000,000
50,600,000
Cash flow from operations
45,300,000
32,900,000
-25,700,000
300,000
48,500,000
-4,600,000
-12,100,000
34,100,000
33,800,000
55,100,000
11,400,000
29,500,000
19,400,000
10,400,000
24,900,000
Investing Activities
capital expenditure
-8,500,000
-59,600,000
-46,100,000
1,200,000
-32,500,000
-500,000
-57,700,000
-13,000,000
-21,500,000
-4,600,000
300,000
-12,900,000
-5,500,000
-6,700,000
-87,300,000
Change in Investments
-4,400,000
-1,000,000
-100,000
-1,700,000
7,200,000
cash flow from investments
-8,500,000
-59,600,000
-46,100,000
1,200,000
-32,500,000
-500,000
-57,700,000
-13,000,000
-21,500,000
-200,000
1,300,000
-12,900,000
-5,400,000
-5,000,000
-94,500,000
Financing Activities
Bank loans
-30,900,000
30,900,000
Group/Directors Accounts
Other Short Term Loans
-1,400,000
2,000,000
-2,300,000
1,800,000
100,000
-8,100,000
8,500,000
-1,000,000
1,000,000
Long term loans
-27,000,000
120,800,000
1,000,000
-133,800,000
90,200,000
52,400,000
4,800,000
-11,600,000
34,400,000
-24,500,000
-12,700,000
33,400,000
10,200,000
-3,600,000
34,000,000
Hire Purchase and Lease Commitments
-2,500,000
700,000
-200,000
-900,000
25,100,000
-100,000
-100,000
200,000
other long term liabilities
-1,600,000
5,900,000
-600,000
-400,000
-2,300,000
600,000
1,600,000
-200,000
-600,000
500,000
-100,000
200,000
1,600,000
share issue
-5,600,000
2,400,000
35,300,000
38,100,000
-32,200,000
1,700,000
43,100,000
4,700,000
-14,500,000
-17,900,000
-2,000,000
-16,100,000
-15,500,000
2,200,000
71,300,000
interest
-8,100,000
-6,400,000
-2,800,000
-6,400,000
-2,000,000
1,600,000
-4,500,000
-3,300,000
100,000
800,000
-5,700,000
1,400,000
-1,500,000
-3,400,000
-5,300,000
cash flow from financing
-46,200,000
125,400,000
31,000,000
-101,200,000
80,600,000
47,200,000
18,700,000
21,300,000
20,600,000
-40,900,000
-21,100,000
19,400,000
-6,900,000
-4,600,000
101,600,000
cash and cash equivalents
cash
1,800,000
1,600,000
-900,000
-19,000,000
20,100,000
1,400,000
-11,700,000
12,000,000
19,900,000
1,700,000
-2,900,000
3,900,000
-4,800,000
3,800,000
3,900,000
overdraft
-100,000
-3,700,000
3,800,000
-22,400,000
21,000,000
700,000
300,000
-2,700,000
300,000
2,800,000
change in cash
1,800,000
1,600,000
-900,000
-18,900,000
23,800,000
-2,400,000
-11,700,000
34,400,000
-1,100,000
1,000,000
-3,200,000
3,900,000
-2,100,000
3,500,000
1,100,000
norcros plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for norcros plc. Get real-time insights into norcros plc's credit score, group structure and payment trends.
Perform a competitor analysis for norcros plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SK9 area or any other competitors across 12 key performance metrics.
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norcros plc 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 found 14 charges/mortgages relating to norcros plc. Currently there are 0 open charges and 14 have been satisfied in the past.
norcros plc 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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norcros plcCompanies House Filings - See Documents
