norcros plc
norcros plc Company Information
Company Number
03691883
Next Accounts
Sep 2025
Shareholders
hsbc global custody nominee (uk) ltd a/c 899348
chase (ga group) nominees ltd a/c ga
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
ladyfield house, station road, wilmslow, cheshire, SK9 1BU
Website
www.norcros.comnorcros plc Estimated Valuation
Pomanda estimates the enterprise value of NORCROS PLC at £496.1m based on a Turnover of £392.1m and 1.27x industry multiple (adjusted for size and gross margin).
norcros plc Estimated Valuation
Pomanda estimates the enterprise value of NORCROS PLC at £507.4m based on an EBITDA of £50.7m and a 10.01x industry multiple (adjusted for size and gross margin).
norcros plc Estimated Valuation
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).
Edit your figures and get a professional valuation report.
Norcros Plc Overview
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.
Upgrade for unlimited company reports & a free credit check
Norcros Plc Health Check
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
7 Strong
2 Regular
3 Weak
Size
annual sales of £392.1m, make it larger than the average company (£20.3m)
£392.1m - Norcros Plc
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (8.9%)
7% - Norcros Plc
8.9% - 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 (£48.8k)
£33.4k - Norcros Plc
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £172.7k, this is equally as efficient (£196.5k)
£172.7k - Norcros Plc
£196.5k - 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 (54.7%)
47.7% - Norcros Plc
54.7% - Industry AVG
NORCROS PLC financials
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 | 205,800,000 | ||||||||||||
| Gross Profit | 165,000,000 | 169,300,000 | 118,400,000 | ||||||||||||
| Admin Expenses | 125,100,000 | 141,800,000 | 93,500,000 | ||||||||||||
| 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 | 1,991 | 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 | 10,400,000 | 24,900,000 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -4,400,000 | -1,000,000 | -100,000 | -1,700,000 | 7,200,000 | ||||||||||
| cash flow from investments | |||||||||||||||
| 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 | |||||||||||||||
| 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
Norcros Plc Competitor Analysis
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.
norcros plc Ownership
NORCROS PLC group structure
Norcros Plc has 2 subsidiary companies.
Ultimate parent company
NORCROS PLC
03691883
2 subsidiaries
norcros plc directors
Norcros Plc currently has 6 directors. The longest serving directors include Mrs Alison Littley (May 2019) and Mr James Eyre (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Alison Littley | 62 years | May 2019 | - | Director | |
| Mr James Eyre | 48 years | Aug 2021 | - | Director | |
| Mr Stefan Allanson | 59 years | Jan 2023 | - | Director | |
| Mr Thomas Willcocks | 54 years | Apr 2023 | - | Director | |
| Mr Steve Good | 64 years | Jul 2023 | - | Director | |
| Ms Rebecca Deniro | 49 years | Jul 2024 | - | Director |
P&L
March 2024turnover
392.1m
-11%
operating profit
39.9m
+45%
gross margin
42.1%
+9.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
222.4m
+0.06%
total assets
425.3m
-0.04%
cash
30.8m
+0.06%
net assets
Total assets minus all liabilities
norcros plc company details
company number
03691883
Type
Public limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 1999
age
26
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
norcros (holdings) limited (June 2007)
stormgrange limited (February 2000)
accountant
-
auditor
BDO LLP
address
ladyfield house, station road, wilmslow, cheshire, SK9 1BU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
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.
Click to start generating capital raising & share issue transactions for NORCROS PLC. This can take several minutes, an email will notify you when this has completed.
norcros plc Companies House Filings - See Documents
| date | description | view/download |
|---|
