Northern Lights (chesterfield) Limited

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northern lights (chesterfield) limited Company Information

Live

MatureMidDeclining

Company Number

03709723

Website

www.northern-lights.co.uk

Registered Address

hardwick view road, holmewood, industrial estate, holmewood, chesterfield, derbyshire, S42 5SA

Industry

Manufacture of other fabricated metal products n.e.c.

Manufacture of electric lighting equipment

Telephone

01246858750

Next Accounts Due

September 2024

Group Structure

View All

Directors

Donna Bruce6 Years

Meyer Maslo4 Years

View All

Shareholders

nlc group of companies limited 100%

northern lights (chesterfield) limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of NORTHERN LIGHTS (CHESTERFIELD) LIMITED at £4.1m based on a Turnover of £6.5m and 0.63x industry multiple (adjusted for size and gross margin).

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Northern Lights (chesterfield) Limited is a live company located in chesterfield, S42 5SA with a Companies House number of 03709723. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 1999, it's largest shareholder is nlc group of companies limited with a 100% stake. Northern Lights (chesterfield) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Northern Lights (Chesterfield) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £6.5m, make it smaller than the average company (£11.6m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (1.2%)

EXPORT

Northern Lights (Chesterfield) Limited's latest turnover from December 2022 is £6.5 million and the company has net assets of £1.3 million. According to their latest financial statements, Northern Lights (Chesterfield) Limited has 71 employees and maintains cash reserves of £114.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	6,533,767	4,138,834	2,974,252	8,224,054	6,772,114	7,826,978	7,383,774	8,369,817	8,782,404	7,326,635	5,782,485	8,031,588	6,911,568	5,781,150
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,295,137	2,635,166	2,611,798	5,615,299	4,736,921	5,369,241	5,059,611	5,612,044	6,376,750	5,571,162	4,590,072	5,779,543	4,805,564	3,891,155
Gross Profit	2,238,630	1,503,668	362,454	2,608,755	2,035,192	2,457,737	2,324,163	2,757,773	2,405,654	1,755,473	1,192,413	2,252,045	2,106,004	1,889,995
Admin Expenses	2,186,483	1,566,015	1,090,623	2,353,933	2,201,622	3,366,734	3,345,672	2,811,927	1,693,237	1,456,919	1,395,370	1,294,532	1,248,254	-514,627
Operating Profit	52,147	-62,347	-728,169	254,822	-166,430	-908,997	-1,021,509	-54,154	712,417	298,554	-202,957	957,513	857,750	2,404,622
Interest Payable	25,074	32,131	19,541	15,373	33,516	21,610	14,740	20,551	11,665	11,178	12,141	35,797	15,965	17,950
Interest Receivable	0	0	0	0	675	934	1,346	1,881	4,329	4,611	6,590	3,116	1,697	219
Pre-Tax Profit	27,073	-94,478	-747,710	239,449	-199,270	-929,673	-1,034,903	-72,824	705,081	291,987	-208,508	924,832	843,482	2,386,892
Tax	0	0	0	0	0	0	0	0	-149,538	-68,001	45,323	-243,270	-241,469	-668,330
Profit After Tax	27,073	-94,478	-747,710	239,449	-199,270	-929,673	-1,034,903	-72,824	555,543	223,986	-163,185	681,562	602,013	1,718,562
Dividends Paid	0	0	700	0	0	0	0	0	200,000	200,000	200,000	200,000	180,000	0
Retained Profit	27,073	-94,478	-748,410	239,449	-199,270	-929,673	-1,034,903	-72,824	355,543	23,986	-363,185	481,562	422,013	1,718,562
Employee Costs	2,992,823	2,526,360	3,210,398	3,335,681	3,535,864	3,801,905	3,871,422	3,345,264	2,653,872	2,155,281	2,211,906	2,089,428	2,010,363	1,614,721
Number Of Employees	71	65	84	87	95	101	106	99	104	101	91	90	86	54
EBITDA*	156,343	48,445	-598,152	396,924	-38,795	-836,964	-922,289	45,066	788,317	365,342	-134,101	1,034,719	933,185	2,479,605

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,828,093	1,823,228	1,887,082	1,553,509	1,567,348	1,683,173	1,755,206	1,103,557	1,003,787	978,693	956,467	957,894	1,001,651	1,043,520
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	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	1,828,193	1,823,228	1,887,082	1,553,509	1,567,348	1,683,173	1,755,206	1,103,557	1,003,787	978,693	956,467	957,894	1,001,651	1,043,520
Stock & work in progress	1,125,012	1,113,837	805,957	677,413	1,533,679	1,430,776	1,466,117	1,637,267	2,014,481	1,555,623	1,552,840	1,679,028	1,395,002	1,317,868
Trade Debtors	1,098,792	504,383	345,367	557,854	718,117	1,162,844	711,861	1,400,517	1,563,813	1,173,765	896,486	1,677,553	927,872	1,127,972
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	438,848	456,632	296,946	101,445	66,397	94,563	103,149	133,545	111,967	111,912	180,687	187,835	216,457	0
Cash	114,381	111,826	44,527	576,989	177,323	2,756	332,229	744,315	8,159	320,706	126,298	191,335	444,583	87,533
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,777,033	2,186,678	1,492,797	1,913,701	2,495,516	2,690,939	2,613,356	3,915,644	3,698,420	3,162,006	2,756,311	3,735,751	2,983,914	2,533,373
total assets	4,605,226	4,009,906	3,379,879	3,467,210	4,062,864	4,374,112	4,368,562	5,019,201	4,702,207	4,140,699	3,712,778	4,693,645	3,985,565	3,576,893
Bank overdraft	369,996	337,121	0	0	48,489	340,481	81,682	78,968	0	0	0	0	0	0
Bank loan	60,578	48,489	48,489	48,489	0	0	0	0	79,137	77,760	0	74,931	73,607	0
Trade Creditors	1,803,598	1,579,748	791,887	752,463	987,587	895,334	1,259,693	1,006,851	748,759	797,015	899,888	630,812	460,184	1,049,241
Group/Directors Accounts	0	0	0	0	0	0	0	0	162,177	153,969	0	140,681	98,121	0
other short term finances	10,648	8,874	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	15,910	22,981	69,651	73,576	42,788	47,563	62,989	47,948	39,728	34,052	0	17,919	13,896	0
other current liabilities	619,883	258,550	623,202	310,712	342,424	583,130	504,485	909,771	628,694	293,008	0	573,967	481,883	0
total current liabilities	2,880,613	2,255,763	1,533,229	1,185,240	1,421,288	1,866,508	1,908,849	2,043,538	1,658,495	1,355,804	899,888	1,438,310	1,127,691	1,049,241
loans	438,264	497,120	472,169	489,260	529,738	74,349	113,319	197,715	276,513	355,635	433,522	509,966	585,096	552,295
hp & lease commitments	12,162	9,909	32,889	67,311	69,462	101,909	118,978	92,854	18,654	45,089	12,971	12,409	19,626	0
Accruals and Deferred Income	0	0	0	0	0	89,700	91,000	93,600	96,200	0	101,400	0	0	109,200
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	139,514
provisions	0	0	0	0	0	0	0	25,738	13,765	2,334	5,946	6,724	5,878	7,982
total long term liabilities	450,426	507,029	505,058	556,571	599,200	265,958	323,297	409,907	405,132	403,058	553,839	529,099	610,600	808,991
total liabilities	3,331,039	2,762,792	2,038,287	1,741,811	2,020,488	2,132,466	2,232,146	2,453,445	2,063,627	1,758,862	1,453,727	1,967,409	1,738,291	1,858,232
net assets	1,274,187	1,247,114	1,341,592	1,725,399	2,042,376	2,241,646	2,136,416	2,565,756	2,638,580	2,381,837	2,259,051	2,726,236	2,247,274	1,718,661
total shareholders funds	1,274,187	1,247,114	1,341,592	1,725,399	2,042,376	2,241,646	2,136,416	2,565,756	2,638,580	2,381,837	2,259,051	2,726,236	2,247,274	1,718,661

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	52,147	-62,347	-728,169	254,822	-166,430	-908,997	-1,021,509	-54,154	712,417	298,554	-202,957	957,513	857,750	2,404,622
Depreciation	104,196	110,792	130,017	142,102	127,635	72,033	99,220	99,220	75,900	66,788	68,856	77,206	75,435	74,983
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	-149,538	-68,001	45,323	-243,270	-241,469	-668,330
Stock	11,175	307,880	128,544	-856,266	102,903	-206,491	-171,150	-377,214	458,858	2,783	-126,188	284,026	77,134	1,317,868
Debtors	576,625	318,702	-16,986	-125,215	-472,893	-276,655	-719,052	-141,718	390,103	208,504	-788,215	721,059	16,357	1,127,972
Creditors	223,850	787,861	39,424	-235,124	92,253	-111,517	252,842	258,092	-48,256	-102,873	269,076	170,628	-589,057	1,049,241
Accruals and Deferred Income	361,333	-364,652	312,490	-31,712	-330,406	-330,541	-407,886	278,477	431,886	191,608	-472,567	92,084	372,683	109,200
Deferred Taxes & Provisions	0	0	0	0	0	-25,738	-25,738	11,973	11,431	-3,612	-778	846	-2,104	7,982
Cash flow from operations	153,726	-154,928	-357,796	1,111,569	93,042	-821,614	-212,869	1,112,540	184,879	171,177	621,356	49,922	379,747	531,858
Investing Activities
capital expenditure	-109,061	-46,938	-463,590	-128,263	-11,810	-651,649	-750,869	-198,990	-79,587	-13,681	-37,792	-18,766	-13,853	-1,118,503
Change in Investments	100	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-109,161	-46,938	-463,590	-128,263	-11,810	-651,649	-750,869	-198,990	-79,587	-13,681	-37,792	-18,766	-13,853	-1,118,503
Financing Activities
Bank loans	12,089	0	0	48,489	0	0	0	-79,137	1,377	77,760	-74,931	1,324	73,607	0
Group/Directors Accounts	0	0	0	0	0	0	0	-162,177	8,208	153,969	-140,681	42,560	98,121	0
Other Short Term Loans	1,774	8,874	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-58,856	24,951	-17,091	-40,478	455,389	-123,366	-84,396	-78,798	-79,122	-77,887	-76,444	-75,130	32,801	552,295
Hire Purchase and Lease Commitments	-4,818	-69,650	-38,347	28,637	-37,222	8,670	41,165	82,420	-20,759	66,170	-17,357	-3,194	33,522	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-139,514	139,514
share issue	0	0	364,603	-556,426	0	605,563	605,563	0	-98,800	98,800	-104,000	-2,600	106,600	99
interest	-25,074	-32,131	-19,541	-15,373	-32,841	-20,676	-13,394	-18,670	-7,336	-6,567	-5,551	-32,681	-14,268	-17,731
cash flow from financing	-74,885	-67,956	289,624	-535,151	385,326	470,191	548,938	-256,362	-196,432	312,245	-418,964	-69,721	190,869	674,177
cash and cash equivalents
cash	2,555	67,299	-532,462	399,666	174,567	-741,559	-412,086	736,156	-312,547	194,408	-65,037	-253,248	357,050	87,533
overdraft	32,875	337,121	0	-48,489	-291,992	261,513	2,714	78,968	0	0	0	0	0	0
change in cash	-30,320	-269,822	-532,462	448,155	466,559	-1,003,072	-414,800	657,188	-312,547	194,408	-65,037	-253,248	357,050	87,533

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTHERN LIGHTS (CHESTERFIELD) LIMITED group structure

Northern Lights (Chesterfield) Limited has 1 subsidiary company.

Ultimate parent company

NLC GROUP OF COMPANIES LIMITED

02986906

1 parent

NORTHERN LIGHTS (CHESTERFIELD) LIMITED

03709723

1 subsidiary

NEWTON AND YOUNG LIMITED

14400623

NORTHERN LIGHTS (CHESTERFIELD) LIMITED Shareholders

nlc group of companies limited

100%

Northern Lights (Chesterfield) Limited currently has 3 directors. The longest serving directors include Ms Donna Bruce (Sep 2017) and Mr Meyer Maslo (Dec 2019).

officer	country	age	start	end	role
Ms Donna Bruce		45 years	Sep 2017	-	Director
Mr Meyer Maslo	United Kingdom	60 years	Dec 2019	-	Director
Mr Michael Last	United Kingdom	55 years	Dec 2019	-	Director

P&L

December 2022

turnover

6.5m

+58%

operating profit

52.1k

-184%

gross margin

34.3%

-5.69%

turnover

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

Balance Sheet

December 2022

net assets

1.3m

+0.02%

total assets

4.6m

+0.15%

cash

114.4k

+0.02%

net assets

Total assets minus all liabilities

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company number

03709723

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

27400 - Manufacture of electric lighting equipment

incorporation date

February 1999

age

accounts

Small Company

ultimate parent company

NLC GROUP OF COMPANIES LIMITED

previous names

N/A

incorporated

address

hardwick view road, holmewood, industrial estate, holmewood, chesterfield, derbyshire, S42 5SA

last accounts submitted

December 2022

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 8 charges/mortgages relating to northern lights (chesterfield) limited. Currently there are 3 open charges and 5 have been satisfied in the past.

northern lights (chesterfield) limited Company Information

northern lights (chesterfield) limited Estimated Valuation

northern lights (chesterfield) limited Estimated Valuation

northern lights (chesterfield) limited Estimated Valuation

Northern Lights (chesterfield) Limited Overview

Northern Lights (chesterfield) Limited Health Check

NORTHERN LIGHTS (CHESTERFIELD) LIMITED financials

northern lights (chesterfield) limited Credit Report and Business Information

Northern Lights (chesterfield) Limited Competitor Analysis

northern lights (chesterfield) limited Ownership

northern lights (chesterfield) limited directors

northern lights (chesterfield) limited company details

northern lights (chesterfield) limited Charges & Mortgages

northern lights (chesterfield) limited Companies House Filings - See Documents