nor vent limited Company Information
Company Number
04008843
Website
www.norvent.netRegistered 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
Shareholders
funding innovation limited 100%
nor vent limited Estimated Valuation
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
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
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).
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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
6 Strong
2 Regular
3 Weak
Size
annual sales of £6.4m, make it larger than the average company (£1.8m)
- Nor Vent Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.9%)
- Nor Vent Limited
5.9% - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
- Nor Vent Limited
45.2% - Industry AVG
Profitability
an operating margin of 13.6% make it more profitable than the average company (6.1%)
- Nor Vent Limited
6.1% - Industry AVG
Employees
with 12 employees, this is below the industry average (16)
12 - Nor Vent Limited
16 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)
- Nor Vent Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £535.6k, this is more efficient (£117.8k)
- Nor Vent Limited
£117.8k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (54 days)
- Nor Vent Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 109 days, this is slower than average (31 days)
- Nor Vent Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nor Vent Limited
- - Industry AVG
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
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
Nor Vent Limited Competitor Analysis
Perform a competitor analysis for nor vent limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
nor vent limited Ownership
NOR VENT LIMITED group structure
Nor Vent Limited has no subsidiary companies.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Jones | 55 years | Apr 2001 | - | Director | |
Mr Clive Wheawall | England | 63 years | Dec 2018 | - | Director |
NOR VENT LIMITED financials
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 House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 12 | 9 | 7 | 11 | 9 | 7 | ||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 24,863 | 41,003 | 54,670 | 72,687 | 65,209 | 77,139 | 102,852 | 109,509 | 46,107 | 61,475 | 61,966 | 69,727 | 28,064 | 13,213 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 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 | 24,863 | 41,003 | 54,670 | 72,687 | 65,209 | 77,139 | 102,852 | 109,509 | 46,107 | 61,475 | 61,966 | 69,727 | 28,064 | 13,213 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,000 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 1,422,194 | 863,402 | 606,248 | 1,153,886 | 1,131,194 | 942,522 | 794,534 | 768,567 | 938,765 | 855,193 | 561,277 | 311,057 | 632,703 | 132,151 |
Group Debtors | 3,739,732 | 3,287,962 | 3,040,796 | 2,757,337 | 1,879,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 41,159 | 33,010 | 213,792 | 72,344 | 297,471 | 53,095 | 5,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 461,111 | 87,758 | 131,976 | 337,623 | 249,859 | 1,656,697 | 1,811,052 | 2,008,270 | 895,775 | 641,946 | 665,087 | 367,526 | 174,352 | 205,106 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 5,664,196 | 4,272,132 | 3,992,812 | 4,321,190 | 3,557,961 | 2,652,314 | 2,610,889 | 2,776,837 | 1,914,540 | 1,497,139 | 1,226,364 | 678,583 | 807,055 | 337,257 |
total assets | 5,689,059 | 4,313,135 | 4,047,482 | 4,393,877 | 3,623,170 | 2,729,453 | 2,713,741 | 2,886,346 | 1,960,647 | 1,558,614 | 1,288,330 | 748,310 | 835,119 | 350,470 |
Bank overdraft | 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 |
Trade Creditors | 1,054,584 | 874,341 | 611,448 | 736,830 | 397,403 | 937,035 | 1,031,341 | 1,182,781 | 1,053,780 | 1,021,316 | 1,004,040 | 679,508 | 801,580 | 327,313 |
Group/Directors Accounts | 610,459 | 556,657 | 628,536 | 950,777 | 716,629 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 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 |
other current liabilities | 621,676 | 142,299 | 84,374 | 127,716 | 200,501 | 181,796 | 155,813 | 301,952 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 2,286,719 | 1,573,297 | 1,324,358 | 1,815,323 | 1,314,533 | 1,118,831 | 1,187,154 | 1,484,733 | 1,053,780 | 1,021,316 | 1,004,040 | 679,508 | 801,580 | 327,313 |
loans | 0 | 0 | 0 | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 563 | 0 |
provisions | 5,872 | 7,472 | 9,999 | 13,336 | 10,576 | 563 | 563 | 563 | 563 | 563 | 563 | 563 | 0 | 563 |
total long term liabilities | 5,872 | 7,472 | 9,999 | 13,336 | 10,576 | 563 | 563 | 563 | 563 | 563 | 563 | 563 | 563 | 563 |
total liabilities | 2,292,591 | 1,580,769 | 1,334,357 | 1,828,659 | 1,325,109 | 1,119,394 | 1,187,717 | 1,485,296 | 1,054,343 | 1,021,879 | 1,004,603 | 680,071 | 802,143 | 327,876 |
net assets | 3,396,468 | 2,732,366 | 2,713,125 | 2,565,218 | 2,298,061 | 1,610,059 | 1,526,024 | 1,401,050 | 906,304 | 536,735 | 283,727 | 68,239 | 32,976 | 22,594 |
total shareholders funds | 3,396,468 | 2,732,366 | 2,713,125 | 2,565,218 | 2,298,061 | 1,610,059 | 1,526,024 | 1,401,050 | 906,304 | 536,735 | 283,727 | 68,239 | 32,976 | 22,594 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 8,303 | 13,667 | 18,017 | 20,619 | 19,190 | 25,713 | 33,841 | 36,503 | 15,368 | 20,491 | 17,931 | 9,400 | 6,854 | 4,405 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -80,000 | 80,000 | 0 | 0 | 0 | 0 | 0 |
Debtors | 1,018,711 | 323,538 | -122,731 | 675,465 | 2,312,485 | 195,780 | 31,270 | -170,198 | 83,572 | 293,916 | 250,220 | -321,646 | 500,552 | 132,151 |
Creditors | 180,243 | 262,893 | -125,382 | 339,427 | -539,632 | -94,306 | -151,440 | 129,001 | 32,464 | 17,276 | 324,532 | -122,072 | 474,267 | 327,313 |
Accruals and Deferred Income | 479,377 | 57,925 | -43,342 | -72,785 | 18,705 | 25,983 | -146,139 | 301,952 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -1,600 | -2,527 | -3,337 | 2,760 | 10,013 | 0 | 0 | 0 | 0 | 0 | 0 | 563 | -563 | 563 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 53,802 | -71,879 | -322,241 | 234,148 | 716,629 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -563 | 563 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 373,353 | -44,218 | -205,647 | 87,764 | -1,406,838 | -154,355 | -197,218 | 1,112,495 | 253,829 | -23,141 | 297,561 | 193,174 | -30,754 | 205,106 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 373,353 | -44,218 | -205,647 | 87,764 | -1,406,838 | -154,355 | -197,218 | 1,112,495 | 253,829 | -23,141 | 297,561 | 193,174 | -30,754 | 205,106 |
P&L
June 2023turnover
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 2023net 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.
nor vent limited Companies House Filings - See Documents
date | description | view/download |
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