Nocn

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nocn Company Information

Live

MatureMidHealthy

Company Number

03829217

Website

http://www.nocnjobcards.org

Registered Address

acero building 1 concourse way, sheaf street, sheffield, S1 2BJ

Industry

Educational support activities

Telephone

03009991177

Next Accounts Due

April 2025

Group Structure

View All

Directors

David Jones8 Years

Corrina Hembury7 Years

View All

Shareholders

-0%

nocn Estimated Valuation

£16.1m

Pomanda estimates the enterprise value of NOCN at £16.1m based on a Turnover of £16.5m and 0.97x industry multiple (adjusted for size and gross margin).

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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 £16.5m with healthy growth in recent years.

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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 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £16.5m, make it larger than the average company (£405.5k)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.6%)

EXPORT

Nocn's latest turnover from July 2023 is £16.5 million and the company has net assets of £4.5 million. According to their latest financial statements, Nocn has 171 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,972,678	6,096,080	6,298,230	4,889,578	4,323,799	3,270,599	1,152,583	1,154,439	1,466,041	1,557,570	1,438,232	1,050,921	1,202,023	1,377,078	0
Gross Profit	10,529,464	9,245,428	8,456,905	6,523,137	6,407,096	5,569,890	1,778,561	1,395,469	1,324,394	1,407,342	1,163,490	1,086,155	1,258,179	1,249,346	0
Admin Expenses	10,321,798	6,446,551	4,832,621	8,051,081	6,596,183	3,193,423	1,613,949	1,338,492	1,475,681	1,245,034	1,844,587	1,503,575	1,487,871	941,667	-586,562
Operating Profit	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	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	8,061,764	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	171	159	155	157	120	72	34	34	34	41	42	34	33	34	32
EBITDA*	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 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	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	4,839,005	5,574,328	6,463,981	8,604,686	10,104,500	5,833,536	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	99	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	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	30,829	20,176	72,248	43,858	38,231	17,458	6,150	0	0	0	0	0	0	0	0
Trade Debtors	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	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	1,396,503	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	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	9,085,289	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	501,708	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	300,000	300,000	300,000	75,000	0	0	0	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	3,267,968	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	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	550,000	850,000	1,150,000	1,425,000	0	0	0	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	777,629	3,312,096	5,824,137	4,643,019	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	3,500	750	4,745	750	2,220	23,998	23,998
total long term liabilities	550,000	850,000	4,536,629	8,022,096	6,995,137	4,643,019	0	0	3,500	750	4,745	750	2,220	23,998	23,998
total liabilities	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	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	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 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	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	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	1,046,050	1,131,860	1,033,652	1,080,942	866,340	647,500	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	10,653	-52,072	28,390	5,627	20,773	11,308	6,150	0	0	0	0	0	0	0	0
Debtors	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	132,409	-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	-332,619	-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	0	0	0	0	0	0	0	-3,500	2,750	-3,995	3,995	-1,470	-21,778	0	23,998
Cash flow from operations	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	0	0	0	0	0	-6,807,585	-37,129	-3,081	-11,210	-5,333	-51,197	-79,313	-26,393	-35,504	-108,672
Change in Investments	0	0	0	0	0	-99	99	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-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	0	0	0	0	0	0	0	0	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	0	0	225,000	75,000	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-300,000	-300,000	-275,000	1,425,000	0	0	0	0	0	0	0	0	0	0	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	-777,629	-2,534,467	-2,512,041	1,181,118	4,643,019	0	0	0	0	0	0	0	0	0
share issue	0	0	873,076	-1,999,307	-398,000	0	0	0	-16,371	0	0	0	0	0	1,136,658
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	-300,000	-1,077,629	-1,711,391	-3,011,348	783,118	4,643,019	0	0	-16,371	0	0	0	0	0	1,136,658
cash and cash equivalents
cash	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 group structure

Nocn has no subsidiary companies.

Ultimate parent company

NOCN

03829217

NOCN Shareholders

Nocn currently has 12 directors. The longest serving directors include Mr David Jones (Apr 2016) and Mrs Corrina Hembury (Sep 2017).

officer	country	age	start	end	role
Mr David Jones	United Kingdom	58 years	Apr 2016	-	Director
Mrs Corrina Hembury	England	45 years	Sep 2017	-	Director
Mr Adrian Toomey	United Kingdom	58 years	Feb 2021	-	Director
Ms Lucy Hunte	United Kingdom	50 years	Jan 2022	-	Director
Mr Stephen Evans	United Kingdom	45 years	Aug 2022	-	Director
Mr David Wilkins	United Kingdom	44 years	Jan 2023	-	Director
Mr Mark Froud	United Kingdom	63 years	Sep 2023	-	Director
Mrs Deborah Haworth	United Kingdom	58 years	Sep 2023	-	Director
Mr Darryn Hedges	England	60 years	Nov 2023	-	Director
Ms Hannah Horne	United Kingdom	31 years	Jan 2024	-	Director

P&L

July 2023

turnover

16.5m

+8%

operating profit

207.7k

gross margin

63.9%

+5.88%

turnover

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

Balance Sheet

July 2023

net assets

4.5m

+0.03%

total assets

9.1m

-0.04%

cash

1.4m

+0.04%

net assets

Total assets minus all liabilities

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company number

03829217

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

85600 - Educational support activities

incorporation date

August 1999

accounts

Group

ultimate parent company

None

previous names

national open college network (October 2013)

the national open college network (September 2000)

last accounts submitted

July 2023

address

acero building 1 concourse way, sheaf street, sheffield, S1 2BJ

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 Company Information

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nocn Estimated Valuation

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