Pomanda estimates the enterprise value of NOCN at £17m based on a Turnover of £19.1m and 0.89x industry multiple (adjusted for size and gross margin).
nocnEstimated Valuation
£12.2m
Pomanda estimates the enterprise value of NOCN at £12.2m based on an EBITDA of £2.2m and a 5.66x industry multiple (adjusted for size and gross margin).
nocnEstimated Valuation
£12.1m
Pomanda estimates the enterprise value of NOCN at £12.1m based on Net Assets of £5.1m and 2.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
NocnOverview
Nocn is a live company located in sheffield, S1 2BJ with a Companies House number of 03829217. It operates in the educational support services sector, SIC Code 85600. Founded in August 1999, it's largest shareholder is
unknown.
Nocn is a mature,
mid sized company, Pomanda has estimated its turnover at
£19.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Nocn a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £19.1m, make it larger than the average company (£382.2k)
£19.1m - Nocn
£382.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9.5%)
9% - Nocn
9.5% - Industry AVG
Production
with a gross margin of 70.9%, this company has a comparable cost of product (70.9%)
70.9% - Nocn
70.9% - Industry AVG
Profitability
an operating margin of 4.7% make it as profitable than the average company (4.4%)
4.7% - Nocn
4.4% - Industry AVG
Employees
with 181 employees, this is above the industry average (10)
181 - Nocn
10 - Industry AVG
Pay Structure
on an average salary of £47.6k, the company has a higher pay structure (£27.9k)
£47.6k - Nocn
£27.9k - Industry AVG
Efficiency
resulting in sales per employee of £105.4k, this is more efficient (£54k)
£105.4k - Nocn
£54k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is later than average (21 days)
49 days - Nocn
21 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (20 days)
45 days - Nocn
20 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (20 days)
1 days - Nocn
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 26 weeks, this is less cash available to meet short term requirements (91 weeks)
26 weeks - Nocn
91 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.6%, this is a higher level of debt than the average (34.3%)
43.6% - Nocn
34.3% - Industry AVG
NOCN financials
EXPORT
Nocn's latest turnover from July 2024 is £19.1 million and the company has net assets of £5.1 million. According to their latest financial statements, Nocn has 181 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
19,082,376
16,502,142
15,341,508
14,755,135
11,412,715
10,730,895
8,840,489
2,931,144
2,549,908
2,790,435
2,964,912
2,601,722
2,137,076
2,460,202
2,626,424
2,447,525
Other Income Or Grants
Cost Of Sales
5,551,241
5,562,305
6,061,135
6,311,793
4,738,142
4,058,835
3,153,739
1,105,773
1,111,991
1,463,332
1,562,519
1,408,678
1,037,882
1,195,974
1,423,885
Gross Profit
13,531,135
10,939,837
9,280,373
8,443,342
6,674,573
6,672,060
5,686,750
1,825,371
1,437,917
1,327,103
1,402,393
1,193,044
1,099,194
1,264,228
1,202,539
Admin Expenses
12,630,111
10,732,171
6,481,496
4,819,058
8,202,517
6,861,147
3,310,283
1,660,759
1,380,940
1,478,390
1,240,085
1,874,141
1,516,614
1,493,920
894,860
-586,562
Operating Profit
901,024
207,666
2,798,877
3,624,284
-1,527,944
-189,087
2,376,467
164,612
56,977
-151,287
162,308
-681,097
-417,420
-229,692
307,679
586,562
Interest Payable
Interest Receivable
Pre-Tax Profit
681,224
124,628
2,207,575
2,863,892
-1,573,174
-184,566
1,927,614
134,032
46,471
-150,438
128,889
-677,575
-410,441
-220,959
228,153
425,456
Tax
Profit After Tax
681,224
124,628
2,207,575
2,863,892
-1,573,174
-184,566
1,927,614
134,032
46,471
-150,438
128,889
-677,575
-410,441
-220,959
228,153
425,456
Dividends Paid
Retained Profit
681,224
124,628
2,207,575
2,863,892
-1,573,174
-184,566
1,927,614
134,032
46,471
-150,438
128,889
-677,575
-410,441
-220,959
228,153
425,456
Employee Costs
8,621,093
8,061,764
7,602,982
6,175,001
6,481,083
4,957,018
2,825,834
1,331,093
1,228,347
1,267,376
1,385,581
1,198,794
810,984
871,822
1,243,079
1,147,052
Number Of Employees
181
171
159
155
157
120
72
34
34
34
41
42
34
33
34
32
EBITDA*
2,154,062
1,318,498
4,005,436
4,757,794
-348,807
763,097
3,048,113
174,972
86,126
-110,066
202,803
-641,091
-395,364
-178,855
337,609
621,471
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
201,399
220,894
249,666
279,522
351,718
355,511
347,484
44,982
18,312
44,380
88,179
123,341
112,150
54,893
79,337
73,763
Intangible Assets
4,128,570
4,839,005
5,574,328
6,463,981
8,604,686
10,104,500
5,833,536
Investments & Other
99
Debtors (Due After 1 year)
Total Fixed Assets
4,329,969
5,059,899
5,823,994
6,743,503
8,956,404
10,460,011
6,181,020
45,081
18,312
44,380
88,179
123,341
112,150
54,893
79,337
73,763
Stock & work in progress
30,335
30,829
20,176
72,248
43,858
38,231
17,458
6,150
Trade Debtors
2,592,976
2,255,556
1,867,390
2,988,161
2,453,606
2,282,966
1,641,212
596,112
441,609
359,643
417,132
447,140
113,736
16,453
78,503
231,985
Group Debtors
Misc Debtors
295,084
342,502
405,638
285,580
301,059
660,066
265,112
123,508
137,252
187,882
82,339
111,206
77,235
243,190
35,437
117,508
Cash
1,880,622
1,396,503
1,343,673
1,980,278
740,827
300,076
905,501
416,001
272,015
172,568
167,205
169,785
1,238,939
1,552,523
1,940,744
1,739,518
misc current assets
total current assets
4,799,017
4,025,390
3,636,877
5,326,267
3,539,350
3,281,339
2,829,283
1,141,771
850,876
720,093
666,676
728,131
1,429,910
1,812,166
2,054,684
2,089,011
total assets
9,128,986
9,085,289
9,460,871
12,069,770
12,495,754
13,741,350
9,010,303
1,186,852
869,188
764,473
754,855
851,472
1,542,060
1,867,059
2,134,021
2,162,774
Bank overdraft
Bank loan
Trade Creditors
692,395
501,709
369,299
443,510
256,628
570,516
525,837
102,048
92,100
210,438
98,106
314,028
221,873
144,618
120,004
193,356
Group/Directors Accounts
other short term finances
300,000
300,000
300,000
300,000
75,000
hp & lease commitments
other current liabilities
2,739,754
3,267,967
3,600,587
4,656,221
5,745,588
4,206,774
1,289,958
460,929
287,245
107,163
45,818
51,407
160,570
150,913
199,752
383,306
total current liabilities
3,732,149
4,069,676
4,269,886
5,399,731
6,077,216
4,777,290
1,815,795
562,977
379,345
317,601
143,924
365,435
382,443
295,531
319,756
576,662
loans
250,000
550,000
850,000
1,150,000
1,425,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
777,629
3,312,096
5,824,137
4,643,019
provisions
3,500
750
4,745
750
2,220
23,998
23,998
total long term liabilities
250,000
550,000
850,000
4,536,629
8,022,096
6,995,137
4,643,019
3,500
750
4,745
750
2,220
23,998
23,998
total liabilities
3,982,149
4,619,676
5,119,886
9,936,360
14,099,312
11,772,427
6,458,814
562,977
379,345
321,101
144,674
370,180
383,193
297,751
343,754
600,660
net assets
5,146,837
4,465,613
4,340,985
2,133,410
-1,603,558
1,968,923
2,551,489
623,875
489,843
443,372
610,181
481,292
1,158,867
1,569,308
1,790,267
1,562,114
total shareholders funds
5,146,837
4,465,613
4,340,985
2,133,410
-1,603,558
1,968,923
2,551,489
623,875
489,843
443,372
610,181
481,292
1,158,867
1,569,308
1,790,267
1,562,114
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
901,024
207,666
2,798,877
3,624,284
-1,527,944
-189,087
2,376,467
164,612
56,977
-151,287
162,308
-681,097
-417,420
-229,692
307,679
586,562
Depreciation
74,478
64,782
74,699
99,858
98,195
85,844
24,146
10,360
29,149
41,221
40,495
40,006
22,056
50,837
29,930
34,909
Amortisation
1,178,560
1,046,050
1,131,860
1,033,652
1,080,942
866,340
647,500
Tax
Stock
-494
10,653
-52,072
28,390
5,627
20,773
11,308
6,150
Debtors
290,002
325,030
-1,000,713
519,076
-188,367
1,036,708
1,186,704
140,759
31,336
48,054
-58,875
367,375
-68,672
145,703
-235,553
349,493
Creditors
190,686
132,410
-74,211
186,882
-313,888
44,679
423,789
9,948
-118,338
112,332
-215,922
92,155
77,255
24,614
-73,352
193,356
Accruals and Deferred Income
-528,213
-332,620
-1,055,634
-1,089,367
1,538,814
2,916,816
829,029
173,684
180,082
61,345
-5,589
-109,163
9,657
-48,839
-183,554
383,306
Deferred Taxes & Provisions
-3,500
2,750
-3,995
3,995
-1,470
-21,778
23,998
Cash flow from operations
1,527,027
782,605
3,928,376
3,307,843
1,058,859
2,667,111
3,102,919
211,695
113,034
18,307
36,172
-1,021,479
-241,250
-370,561
316,256
872,638
Investing Activities
capital expenditure
-6,807,585
-37,129
-3,081
-11,210
-5,333
-51,197
-79,313
-26,393
-35,504
-108,672
Change in Investments
-99
99
cash flow from investments
-6,807,486
-37,228
-3,081
-11,210
-5,333
-51,197
-79,313
-26,393
-35,504
-108,672
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
225,000
75,000
Long term loans
-300,000
-300,000
-300,000
-275,000
1,425,000
Hire Purchase and Lease Commitments
other long term liabilities
-777,629
-2,534,467
-2,512,041
1,181,118
4,643,019
share issue
873,076
-1,999,307
-398,000
-16,371
1,136,658
interest
cash flow from financing
-300,000
-300,000
-1,077,629
-1,711,391
-3,011,348
783,118
4,643,019
-16,371
1,136,658
cash and cash equivalents
cash
484,119
52,830
-636,605
1,239,451
440,751
-605,425
489,500
143,986
99,447
5,363
-2,580
-1,069,154
-313,584
-388,221
201,226
1,739,518
overdraft
change in cash
484,119
52,830
-636,605
1,239,451
440,751
-605,425
489,500
143,986
99,447
5,363
-2,580
-1,069,154
-313,584
-388,221
201,226
1,739,518
nocn 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 nocn. Get real-time insights into nocn's credit score, group structure and payment trends.
Perform a competitor analysis for nocn by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in S 1 area or any other competitors across 12 key performance metrics.
nocn Ownership
NOCN group structure
Nocn has no subsidiary companies.
Ultimate parent company
NOCN
03829217
NOCN Shareholders
The sole shareholder of Nocn is -.
-
-
nocn directors
Nocn currently has 11 directors.
The longest serving directors include
Mrs Corrina Hembury (Sep 2017) and
Mr Adrian Toomey (Feb 2021).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85600 - Educational support activities
incorporation date
August 1999
age
26
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
July 2024
previous names
national open college network (October 2013)
the national open college network (September 2000)
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
acero building 1 concourse way, sheaf street, sheffield, S1 2BJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ANDREW HOLLAND LIMITED
nocn 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 did not find charges/mortgages relating to nocn.
nocn 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 NOCN. This can take several minutes, an email will notify you when this has completed.
