nationwide cleaning & support services ltd

nationwide cleaning & support services ltd Company Information

Share NATIONWIDE CLEANING & SUPPORT SERVICES LTD
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Company Number

04011426

Industry

General cleaning of buildings

 

Shareholders

robert nourse

gary robert nourse

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Group Structure

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Contact

Registered Address

airport house purley way, croydon, surrey, CR0 0XZ

nationwide cleaning & support services ltd Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of NATIONWIDE CLEANING & SUPPORT SERVICES LTD at £6.9m based on a Turnover of £14.3m and 0.48x industry multiple (adjusted for size and gross margin).

nationwide cleaning & support services ltd Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of NATIONWIDE CLEANING & SUPPORT SERVICES LTD at £2.5m based on an EBITDA of £603.2k and a 4.15x industry multiple (adjusted for size and gross margin).

nationwide cleaning & support services ltd Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of NATIONWIDE CLEANING & SUPPORT SERVICES LTD at £3.2m based on Net Assets of £1.3m and 2.39x industry multiple (adjusted for liquidity).

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Nationwide Cleaning & Support Services Ltd Overview

Nationwide Cleaning & Support Services Ltd is a live company located in surrey, CR0 0XZ with a Companies House number of 04011426. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in June 2000, it's largest shareholder is robert nourse with a 50.9% stake. Nationwide Cleaning & Support Services Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £14.3m with healthy growth in recent years.

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Nationwide Cleaning & Support Services Ltd Health Check

Pomanda's financial health check has awarded Nationwide Cleaning & Support Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £14.3m, make it larger than the average company (£166.1k)

£14.3m - Nationwide Cleaning & Support Services Ltd

£166.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.9%)

7% - Nationwide Cleaning & Support Services Ltd

5.9% - Industry AVG

production

Production

with a gross margin of 24.3%, this company has a comparable cost of product (24.3%)

24.3% - Nationwide Cleaning & Support Services Ltd

24.3% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it as profitable than the average company (3.6%)

4.2% - Nationwide Cleaning & Support Services Ltd

3.6% - Industry AVG

employees

Employees

with 455 employees, this is above the industry average (13)

455 - Nationwide Cleaning & Support Services Ltd

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.2k, the company has a higher pay structure (£13.6k)

£27.2k - Nationwide Cleaning & Support Services Ltd

£13.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.4k, this is more efficient (£23.4k)

£31.4k - Nationwide Cleaning & Support Services Ltd

£23.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is near the average (47 days)

39 days - Nationwide Cleaning & Support Services Ltd

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (12 days)

5 days - Nationwide Cleaning & Support Services Ltd

12 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (1 days)

0 days - Nationwide Cleaning & Support Services Ltd

1 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (21 weeks)

39 weeks - Nationwide Cleaning & Support Services Ltd

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56.3%, this is a lower level of debt than the average (64.2%)

56.3% - Nationwide Cleaning & Support Services Ltd

64.2% - Industry AVG

NATIONWIDE CLEANING & SUPPORT SERVICES LTD financials

EXPORTms excel logo

Nationwide Cleaning & Support Services Ltd's latest turnover from July 2023 is £14.3 million and the company has net assets of £1.3 million. According to their latest financial statements, Nationwide Cleaning & Support Services Ltd has 455 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover14,287,63817,090,72816,674,93111,727,97810,442,6409,037,0388,451,1157,561,8365,231,4414,497,2968,033,6545,615,1504,220,6924,636,5980
Other Income Or Grants000000000000000
Cost Of Sales10,814,17012,207,39612,329,6958,971,6288,010,9806,736,9056,284,0135,927,1253,963,8123,259,3035,759,1883,923,2482,929,8723,234,2530
Gross Profit3,473,4684,883,3324,345,2362,756,3502,431,6602,300,1332,167,1021,634,7111,267,6291,237,9932,274,4661,691,9021,290,8201,402,3450
Admin Expenses2,879,5943,662,5622,802,6601,206,7261,249,1432,037,9192,144,416814,250689,863607,8112,151,4271,786,4521,222,3081,298,315-95,728
Operating Profit593,8741,220,7701,542,5761,549,6241,182,517262,21422,686820,461577,766630,182123,039-94,55068,512104,03095,728
Interest Payable25,64726,74631,23922,88521,03723,9389,08246,48928,13428,90600000
Interest Receivable83500002,6391,2521700182197145445424
Pre-Tax Profit569,0621,194,0241,511,3371,526,7391,161,480240,91514,856773,989549,632601,274123,221-94,35368,657104,47596,151
Tax-126,060-235,215-289,433-296,858-229,637-45,774-2,823-167,574-122,655-134,090-28,3410-17,851-29,253-26,922
Profit After Tax443,002958,8091,221,9041,229,881931,843195,14112,033606,415426,977467,18494,880-94,35350,80675,22269,229
Dividends Paid367,900711,6001,091,773938,733805,164000421,701430,64700000
Retained Profit75,102247,209130,131291,148126,679195,14112,033606,4155,27636,53794,880-94,35350,80675,22269,229
Employee Costs12,374,09414,668,83214,142,5099,319,1308,407,2804,409,5474,062,8993,604,452285,478304,0965,615,5524,088,7162,947,8093,278,5180
Number Of Employees4554965084494323714063983733546164633443770
EBITDA*603,1551,235,6701,552,8961,556,8241,187,607267,60425,540824,020580,520632,701126,735-89,96072,016105,81198,103

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets42,23037,23729,94433,61725,8699,44010,44910,6788,2627,55610,07513,77110,5125,3427,123
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets42,23037,23729,94433,61725,8699,44010,44910,6788,2627,55610,07513,77110,5125,3427,123
Stock & work in progress7,6049,5009,5009,5009,5009,50049,500158,500158,500158,500156,500194,890119,635197,678179,360
Trade Debtors1,562,3081,803,7282,195,5861,386,2541,212,3681,299,710984,616942,4601,021,958625,870581,441302,964378,527316,351328,212
Group Debtors000000000000000
Misc Debtors135,275469,691191,480136,146204,987199,26962,515138,145043,61300000
Cash1,289,804880,7451,703,0971,236,525570,041515,451540,017461,61841,51210,19843,40929,46749,4568,411169,515
misc current assets000000000000000
total current assets2,994,9913,163,6644,099,6632,768,4251,996,8962,023,9301,636,6481,700,7231,221,970838,181781,350527,321547,618522,440677,087
total assets3,037,2213,200,9014,129,6072,802,0422,022,7652,033,3701,647,0971,711,4011,230,232845,737791,425541,092558,130527,782684,210
Bank overdraft000000000142,96000000
Bank loan000000000000000
Trade Creditors 165,376252,329230,327191,429102,366108,902139,014108,309982,82976,496585,635423,557326,526337,007500,372
Group/Directors Accounts111110000000000
other short term finances2,2355,550000445,926290,63300000000
hp & lease commitments000000000000000
other current liabilities1,530,8521,680,6392,887,7161,728,5101,331,4481,018,937952,8461,352,2220384,15400000
total current liabilities1,698,4641,938,5193,118,0441,919,9401,433,8151,573,7651,382,4931,460,531982,829603,610585,635423,557326,526337,007500,372
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000006,62531,34746,224114,509
provisions10,4449,1715,5616,2314,2271,5611,70100000000
total long term liabilities10,4449,1715,5616,2314,2271,5611,70100006,62531,34746,224114,509
total liabilities1,708,9081,947,6903,123,6051,926,1711,438,0421,575,3261,384,1941,460,531982,829603,610585,635430,182357,873383,231614,881
net assets1,328,3131,253,2111,006,002875,871584,723458,044262,903250,870247,403242,127205,790110,910200,257144,55169,329
total shareholders funds1,328,3131,253,2111,006,002875,871584,723458,044262,903250,870247,403242,127205,790110,910200,257144,55169,329
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit593,8741,220,7701,542,5761,549,6241,182,517262,21422,686820,461577,766630,182123,039-94,55068,512104,03095,728
Depreciation9,28114,90010,3207,2005,0905,3902,8543,5592,7542,5193,6964,5903,5041,7812,375
Amortisation000000000000000
Tax-126,060-235,215-289,433-296,858-229,637-45,774-2,823-167,574-122,655-134,090-28,3410-17,851-29,253-26,922
Stock-1,8960000-40,000-109,000002,000-38,39075,255-78,04318,318179,360
Debtors-575,836-113,647864,666105,045-81,624451,848-33,47458,647352,47588,042278,477-75,56362,176-11,861328,212
Creditors-86,95322,00238,89889,063-6,536-30,11230,705-874,520906,333-509,139162,07897,031-10,481-163,365500,372
Accruals and Deferred Income-149,787-1,207,0771,159,206397,062312,51166,091-399,3761,352,222-384,154384,15400000
Deferred Taxes & Provisions1,2733,610-6702,0042,666-1401,70100000000
Cash flow from operations819,360-67,3631,596,2311,643,0501,348,235-154,179-201,7791,075,501627,569283,58420,3857,37959,551-93,26463,981
Investing Activities
capital expenditure0000-21,517-4,381-2,625-5,975-3,46000-7,849-8,6740-9,498
Change in Investments000000000000000
cash flow from investments0000-21,517-4,381-2,625-5,975-3,46000-7,849-8,6740-9,498
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000010000000000
Other Short Term Loans -3,3155,55000-445,926155,293290,63300000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000000-6,625-24,722-14,877-68,285114,509
share issue0000000-602,9480-20005,0064,9000100
interest-24,812-26,746-31,239-22,885-21,037-21,299-7,830-46,472-28,134-28,906182197145445424
cash flow from financing-28,127-21,196-31,239-22,885-466,962133,994282,803-649,420-28,134-29,106-6,443-19,519-9,832-67,840115,033
cash and cash equivalents
cash409,059-822,352466,572666,48454,590-24,56678,399420,10631,314-33,21113,942-19,98941,045-161,104169,515
overdraft00000000-142,960142,96000000
change in cash409,059-822,352466,572666,48454,590-24,56678,399420,106174,274-176,17113,942-19,98941,045-161,104169,515

nationwide cleaning & support services ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Nationwide Cleaning & Support Services Ltd Competitor Analysis

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Perform a competitor analysis for nationwide cleaning & support services ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in CR0 area or any other competitors across 12 key performance metrics.

nationwide cleaning & support services ltd Ownership

NATIONWIDE CLEANING & SUPPORT SERVICES LTD group structure

Nationwide Cleaning & Support Services Ltd has no subsidiary companies.

Ultimate parent company

NATIONWIDE CLEANING & SUPPORT SERVICES LTD

04011426

NATIONWIDE CLEANING & SUPPORT SERVICES LTD Shareholders

robert nourse 50.94%
gary robert nourse 48.96%
paul nourse 0.02%
melanie clare nourse 0.02%
carol edith nourse 0.02%
kelly nourse 0.02%
charlotte emily jane nourse 0.02%

nationwide cleaning & support services ltd directors

Nationwide Cleaning & Support Services Ltd currently has 5 directors. The longest serving directors include Mrs Charlotte Nourse (Mar 2007) and Ms Melanie Nourse (Jun 2007).

officercountryagestartendrole
Mrs Charlotte NourseUnited Kingdom44 years Mar 2007- Director
Ms Melanie NourseUnited Kingdom49 years Jun 2007- Director
Mr Robert NourseUnited Kingdom76 years Aug 2009- Director
Mr Paul NourseUnited Kingdom48 years Nov 2010- Director
Mr Gary Nourse43 years Nov 2010- Director

P&L

July 2023

turnover

14.3m

-16%

operating profit

593.9k

-51%

gross margin

24.4%

-14.92%

turnover

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

Balance Sheet

July 2023

net assets

1.3m

+0.06%

total assets

3m

-0.05%

cash

1.3m

+0.46%

net assets

Total assets minus all liabilities

nationwide cleaning & support services ltd company details

company number

04011426

Type

Private limited with Share Capital

industry

81210 - General cleaning of buildings

incorporation date

June 2000

age

24

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

July 2023

previous names

gorwood limited (August 2000)

accountant

-

auditor

SKS AUDIT LLP

address

airport house purley way, croydon, surrey, CR0 0XZ

Bank

-

Legal Advisor

-

nationwide cleaning & support services ltd 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 found 4 charges/mortgages relating to nationwide cleaning & support services ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

nationwide cleaning & support services ltd 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.

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nationwide cleaning & support services ltd Companies House Filings - See Documents

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