nor vent limited

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nor vent limited Company Information

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Company Number

04008843

Registered Address

76/77 reddal hill road, cradley heath, west midlands, B64 5JT

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Telephone

01527835050

Next Accounts Due

March 2025

Group Structure

View All

Directors

Paul Jones22 Years

Clive Wheawall5 Years

Shareholders

funding innovation limited 100%

nor vent limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of NOR VENT LIMITED at £3.7m based on a Turnover of £6.4m and 0.57x industry multiple (adjusted for size and gross margin).

nor vent limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of NOR VENT LIMITED at £3.7m based on an EBITDA of £880.1k and a 4.15x industry multiple (adjusted for size and gross margin).

nor vent limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of NOR VENT LIMITED at £7.3m based on Net Assets of £3.4m and 2.15x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from June 2023 

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Nor Vent Limited Overview

Nor Vent Limited is a live company located in west midlands, B64 5JT with a Companies House number of 04008843. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in June 2000, it's largest shareholder is funding innovation limited with a 100% stake. Nor Vent Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.4m with healthy growth in recent years.

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Nor Vent Limited Health Check

Pomanda's financial health check has awarded Nor Vent Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £6.4m, make it larger than the average company (£1.8m)

£6.4m - Nor Vent Limited

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.9%)

8% - Nor Vent Limited

5.9% - Industry AVG

production

Production

with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)

45.2% - Nor Vent Limited

45.2% - Industry AVG

profitability

Profitability

an operating margin of 13.6% make it more profitable than the average company (6.1%)

13.6% - Nor Vent Limited

6.1% - Industry AVG

employees

Employees

with 12 employees, this is below the industry average (16)

12 - Nor Vent Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)

£49.8k - Nor Vent Limited

£49.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £535.6k, this is more efficient (£117.8k)

£535.6k - Nor Vent Limited

£117.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 80 days, this is later than average (54 days)

80 days - Nor Vent Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 109 days, this is slower than average (31 days)

109 days - Nor Vent Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Nor Vent Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (30 weeks)

10 weeks - Nor Vent Limited

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 40.3%, this is a lower level of debt than the average (52.9%)

40.3% - Nor Vent Limited

52.9% - Industry AVG

nor vent limited Credit Report and Business Information

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Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Nor Vent Limited Competitor Analysis

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nor vent limited Ownership

NOR VENT LIMITED group structure

Nor Vent Limited has no subsidiary companies.

Ultimate parent company

1 parent

NOR VENT LIMITED

04008843

NOR VENT LIMITED Shareholders

funding innovation limited 100%

nor vent limited directors

Nor Vent Limited currently has 2 directors. The longest serving directors include Mr Paul Jones (Apr 2001) and Mr Clive Wheawall (Dec 2018).

officercountryagestartendrole
Mr Paul Jones55 years Apr 2001- Director
Mr Clive WheawallEngland63 years Dec 2018- Director

NOR VENT LIMITED financials

EXPORTms excel logo

Nor Vent Limited's latest turnover from June 2023 is estimated at £6.4 million and the company has net assets of £3.4 million. According to their latest financial statements, Nor Vent Limited has 12 employees and maintains cash reserves of £461.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover6,427,4683,941,9232,911,9885,125,7114,236,5734,115,5245,237,4885,516,2765,817,8205,720,5144,408,7512,591,6844,375,4041,079,953
Other Income Or Grants00000000000000
Cost Of Sales3,523,1012,187,0901,605,5132,785,1982,218,9942,179,5112,600,1202,648,3822,820,2482,863,9442,175,5871,256,4602,152,025514,497
Gross Profit2,904,3671,754,8331,306,4762,340,5122,017,5791,936,0132,637,3682,867,8942,997,5732,856,5702,233,1641,335,2242,223,379565,456
Admin Expenses2,032,6191,732,4521,124,1102,010,9821,175,3431,840,9352,487,8532,256,7222,539,4562,539,5741,955,8911,290,1802,210,298534,597
Operating Profit871,74822,381182,366329,530842,23695,078149,515611,172458,117316,996277,27345,04413,08130,859
Interest Payable00000000000000
Interest Receivable13,7221,3732352947,1508,6694,7747,2603,8443,2682,5821,355949513
Pre-Tax Profit885,46923,754182,601329,823849,385103,747154,289618,433461,961320,263279,85546,39914,03031,372
Tax-221,367-4,513-34,694-62,666-161,383-19,712-29,315-123,686-92,392-67,255-64,367-11,136-3,648-8,784
Profit After Tax664,10219,241147,907267,157688,00284,035124,974494,746369,569253,008215,48835,26310,38222,588
Dividends Paid00000000000000
Retained Profit664,10219,241147,907267,157688,00284,035124,974494,746369,569253,008215,48835,26310,38222,588
Employee Costs598,171418,617313,788481,619403,500308,0842,121,4992,144,4962,218,8402,208,2601,692,568958,4321,583,133418,101
Number Of Employees129711975050515241244111
EBITDA*880,05136,048200,383350,149861,426120,791183,356647,675473,485337,487295,20454,44419,93535,264

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets24,86341,00354,67072,68765,20977,139102,852109,50946,10761,47561,96669,72728,06413,213
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets24,86341,00354,67072,68765,20977,139102,852109,50946,10761,47561,96669,72728,06413,213
Stock & work in progress0000000080,00000000
Trade Debtors1,422,194863,402606,2481,153,8861,131,194942,522794,534768,567938,765855,193561,277311,057632,703132,151
Group Debtors3,739,7323,287,9623,040,7962,757,3371,879,437000000000
Misc Debtors41,15933,010213,79272,344297,47153,0955,3030000000
Cash461,11187,758131,976337,623249,8591,656,6971,811,0522,008,270895,775641,946665,087367,526174,352205,106
misc current assets00000000000000
total current assets5,664,1964,272,1323,992,8124,321,1903,557,9612,652,3142,610,8892,776,8371,914,5401,497,1391,226,364678,583807,055337,257
total assets5,689,0594,313,1354,047,4824,393,8773,623,1702,729,4532,713,7412,886,3461,960,6471,558,6141,288,330748,310835,119350,470
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,054,584874,341611,448736,830397,403937,0351,031,3411,182,7811,053,7801,021,3161,004,040679,508801,580327,313
Group/Directors Accounts610,459556,657628,536950,777716,629000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities621,676142,29984,374127,716200,501181,796155,813301,952000000
total current liabilities2,286,7191,573,2971,324,3581,815,3231,314,5331,118,8311,187,1541,484,7331,053,7801,021,3161,004,040679,508801,580327,313
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities0000000000005630
provisions5,8727,4729,99913,33610,5765635635635635635635630563
total long term liabilities5,8727,4729,99913,33610,576563563563563563563563563563
total liabilities2,292,5911,580,7691,334,3571,828,6591,325,1091,119,3941,187,7171,485,2961,054,3431,021,8791,004,603680,071802,143327,876
net assets3,396,4682,732,3662,713,1252,565,2182,298,0611,610,0591,526,0241,401,050906,304536,735283,72768,23932,97622,594
total shareholders funds3,396,4682,732,3662,713,1252,565,2182,298,0611,610,0591,526,0241,401,050906,304536,735283,72768,23932,97622,594
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit871,74822,381182,366329,530842,23695,078149,515611,172458,117316,996277,27345,04413,08130,859
Depreciation8,30313,66718,01720,61919,19025,71333,84136,50315,36820,49117,9319,4006,8544,405
Amortisation00000000000000
Tax-221,367-4,513-34,694-62,666-161,383-19,712-29,315-123,686-92,392-67,255-64,367-11,136-3,648-8,784
Stock0000000-80,00080,00000000
Debtors1,018,711323,538-122,731675,4652,312,485195,78031,270-170,19883,572293,916250,220-321,646500,552132,151
Creditors180,243262,893-125,382339,427-539,632-94,306-151,440129,00132,46417,276324,532-122,072474,267327,313
Accruals and Deferred Income479,37757,925-43,342-72,78518,70525,983-146,139301,952000000
Deferred Taxes & Provisions-1,600-2,527-3,3372,76010,013000000563-563563
Cash flow from operations297,99326,288116,359-118,580-2,123,356-163,024-174,8081,205,140249,985-6,408305,149243,445-10,561222,205
Investing Activities
capital expenditure7,83700-28,097-7,2600-27,184-99,9050-20,000-10,170-51,063-21,705-17,618
Change in Investments00000000000000
cash flow from investments7,83700-28,097-7,2600-27,184-99,9050-20,000-10,170-51,063-21,705-17,618
Financing Activities
Bank loans00000000000000
Group/Directors Accounts53,802-71,879-322,241234,148716,629000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000-5635630
share issue00000000000006
interest13,7221,3732352947,1508,6694,7747,2603,8443,2682,5821,355949513
cash flow from financing67,524-70,506-322,006234,442723,7798,6694,7747,2603,8443,2682,5827921,512519
cash and cash equivalents
cash373,353-44,218-205,64787,764-1,406,838-154,355-197,2181,112,495253,829-23,141297,561193,174-30,754205,106
overdraft00000000000000
change in cash373,353-44,218-205,64787,764-1,406,838-154,355-197,2181,112,495253,829-23,141297,561193,174-30,754205,106

P&L

June 2023

turnover

6.4m

+63%

operating profit

871.7k

0%

gross margin

45.2%

+1.5%

turnover

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

Balance Sheet

June 2023

net assets

3.4m

+0.24%

total assets

5.7m

+0.32%

cash

461.1k

+4.25%

net assets

Total assets minus all liabilities

nor vent limited company details

company number

04008843

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

June 2000

age

24

accounts

Total Exemption Full

ultimate parent company

previous names

N/A

incorporated

UK

address

76/77 reddal hill road, cradley heath, west midlands, B64 5JT

last accounts submitted

June 2023

nor vent limited 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 nor vent limited.

charges

nor vent limited Companies House Filings - See Documents

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