norse transport
norse transport Company Information
Company Number
04372409
Website
https://www.norfolk.gov.ukRegistered Address
280 fifers lane, norwich, norfolk, NR6 6EQ
Industry
Other passenger land transport n.e.c.
Telephone
01603894100
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
norse transport Estimated Valuation
Pomanda estimates the enterprise value of NORSE TRANSPORT at £1.1m based on a Turnover of £5.7m and 0.19x industry multiple (adjusted for size and gross margin).
norse transport Estimated Valuation
Pomanda estimates the enterprise value of NORSE TRANSPORT at £0 based on an EBITDA of £-865.4k and a 1.75x industry multiple (adjusted for size and gross margin).
norse transport Estimated Valuation
Pomanda estimates the enterprise value of NORSE TRANSPORT at £0 based on Net Assets of £-701.7k and 2.09x industry multiple (adjusted for liquidity).
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Norse Transport Overview
Norse Transport is a live company located in norfolk, NR6 6EQ with a Companies House number of 04372409. It operates in the other passenger land transport sector, SIC Code 49390. Founded in February 2002, it's largest shareholder is unknown. Norse Transport is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with declining growth in recent years.
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Norse Transport Health Check
Pomanda's financial health check has awarded Norse Transport a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £5.7m, make it larger than the average company (£611.8k)
£5.7m - Norse Transport
£611.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (0.9%)
-7% - Norse Transport
0.9% - Industry AVG
Production
with a gross margin of 1.3%, this company has a higher cost of product (28.2%)
1.3% - Norse Transport
28.2% - Industry AVG
Profitability
an operating margin of -15.2% make it less profitable than the average company (7.3%)
-15.2% - Norse Transport
7.3% - Industry AVG
Employees
with 293 employees, this is above the industry average (19)
293 - Norse Transport
19 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has a lower pay structure (£18.5k)
£14.1k - Norse Transport
£18.5k - Industry AVG
Efficiency
resulting in sales per employee of £19.4k, this is less efficient (£41k)
£19.4k - Norse Transport
£41k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (21 days)
9 days - Norse Transport
21 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (22 days)
2 days - Norse Transport
22 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (6 days)
2 days - Norse Transport
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (105 weeks)
15 weeks - Norse Transport
105 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.9%, this is a higher level of debt than the average (30.6%)
139.9% - Norse Transport
30.6% - Industry AVG
norse transport Credit Report and Business Information
Norse Transport Competitor Analysis
Perform a competitor analysis for norse transport by selecting its closest rivals and benchmarking them against 12 key performance metrics.
norse transport Ownership
NORSE TRANSPORT group structure
Norse Transport has no subsidiary companies.
Ultimate parent company
NORFOLK COUNTY COUNCIL
#0015836
2 parents
NORSE TRANSPORT
04372409
norse transport directors
Norse Transport currently has 5 directors. The longest serving directors include Mr Andrew Wood (Feb 2022) and Mr Justin Galliford (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wood | 64 years | Feb 2022 | - | Director | |
| Mr Justin Galliford | United Kingdom | 45 years | Apr 2022 | - | Director |
| Mrs Zoe Repman | 54 years | Aug 2022 | - | Director | |
| Mr Gregory Peck | 76 years | Dec 2023 | - | Director | |
| Mr Jason Glasspoole | United Kingdom | 51 years | Dec 2023 | - | Director |
NORSE TRANSPORT financials
Norse Transport's latest turnover from March 2023 is £5.7 million and the company has net assets of -£701.7 thousand. According to their latest financial statements, Norse Transport has 293 employees and maintains cash reserves of £732 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 2015 | Feb 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,674,576 | 5,397,887 | 5,441,095 | 6,995,293 | 6,221,042 | 6,066,385 | 5,968,172 | 6,738,980 | 5,747,712 | 8,148,973 | 8,029,223 | 7,895,358 | 7,753,986 | 7,863,272 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,599,839 | 4,710,428 | 4,483,908 | 5,764,239 | 5,542,716 | 5,438,206 | 5,206,685 | 5,303,306 | 4,682,555 | 6,483,574 | 6,265,919 | 6,273,734 | 5,624,538 | 5,993,593 |
| Gross Profit | 74,737 | 687,459 | 957,187 | 1,231,054 | 678,326 | 628,179 | 761,487 | 1,435,674 | 1,065,157 | 1,665,399 | 1,763,304 | 1,621,624 | 2,129,448 | 1,869,679 |
| Admin Expenses | 940,117 | 778,787 | 888,665 | 1,099,602 | 1,005,426 | 1,001,529 | 1,260,809 | 1,580,971 | 1,416,857 | 1,638,261 | 1,255,537 | 1,202,811 | 1,311,457 | 1,327,217 |
| Operating Profit | -865,380 | -91,328 | 68,522 | 131,452 | -327,100 | -373,350 | -499,322 | -145,297 | -351,700 | 27,138 | 507,767 | 418,813 | 817,991 | 542,462 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 509,000 | 453,000 | 492,000 | 17,000 | 116,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 484,000 | 436,000 | 540,000 | 0 | 0 |
| Pre-Tax Profit | -865,380 | -91,328 | 68,522 | 131,452 | -327,100 | -373,350 | -499,322 | -145,297 | -351,700 | 2,138 | 490,767 | 466,813 | 800,991 | 426,462 |
| Tax | -2,503 | 2,861 | -1,689 | 502 | -566 | 643 | -286 | -699 | 13,153 | -1,864 | -121,319 | -124,179 | -219,373 | -123,924 |
| Profit After Tax | -867,883 | -88,467 | 66,833 | 131,954 | -327,666 | -372,707 | -499,608 | -145,996 | -338,547 | 274 | 369,448 | 342,634 | 581,618 | 302,538 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -867,883 | -88,467 | 66,833 | 131,954 | -327,666 | -372,707 | -499,608 | -145,996 | -338,547 | 274 | 369,448 | 342,634 | 581,618 | 302,538 |
| Employee Costs | 4,121,807 | 3,470,739 | 3,541,274 | 4,111,039 | 3,803,924 | 3,691,216 | 3,751,050 | 3,815,073 | 3,242,417 | 3,622,791 | 3,470,742 | 3,475,992 | 2,906,475 | 3,581,929 |
| Number Of Employees | 293 | 297 | 307 | 334 | 350 | 364 | 357 | 337 | 351 | 387 | 306 | 370 | 388 | 391 |
| EBITDA* | -865,380 | -91,328 | 68,522 | 131,452 | -327,100 | -373,350 | -499,322 | -145,297 | -351,700 | 27,138 | 507,767 | 418,813 | 817,991 | 542,462 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 2015 | Feb 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 6,612 | 3,751 | 10,880 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 4,109 | 6,612 | 3,751 | 5,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,109 | 6,612 | 3,751 | 5,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 42,834 | 45,749 | 19,839 | 38,398 | 23,774 | 0 | 31,734 | 25,155 | 18,039 | 42,094 | 32,896 | 27,646 | 28,544 | 15,731 |
| Trade Debtors | 153,923 | 41,896 | 11,941 | 82,589 | 19,882 | 7,249 | 35,578 | 0 | 5,801 | 41,653 | 66,667 | 54,736 | 565,109 | 40,369 |
| Group Debtors | 701,107 | 772,095 | 890,574 | 540,823 | 300,616 | 1,275,216 | 1,782,374 | 2,272,155 | 2,016,107 | 2,518,490 | 3,209,753 | 2,484,615 | 1,754,014 | 1,670,584 |
| Misc Debtors | 125,635 | 49,953 | 73,305 | 222,781 | 143,553 | 225,158 | 216,244 | 334,231 | 392,148 | 508,980 | 634,646 | 838,111 | 645,280 | 592,765 |
| Cash | 731,998 | 587,063 | 186,500 | 500 | 30,436 | 0 | 1,267 | 821 | 9,166 | 9,829 | 10,470 | 10,269 | 10,264 | 10,079 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,755,497 | 1,496,756 | 1,182,159 | 885,091 | 518,261 | 1,540,225 | 2,067,197 | 2,632,362 | 2,441,261 | 3,121,046 | 3,954,432 | 3,415,377 | 3,003,211 | 2,329,528 |
| total assets | 1,759,606 | 1,503,368 | 1,185,910 | 890,531 | 518,261 | 1,540,225 | 2,067,197 | 2,632,362 | 2,441,261 | 3,121,046 | 3,954,432 | 3,415,377 | 3,003,211 | 2,329,528 |
| Bank overdraft | 0 | 0 | 0 | 504,319 | 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 | 30,913 | 25,942 | 38,593 | 41,010 | 92,721 | 95,246 | 144,818 | 961,379 | 120,018 | 168,535 | 125,049 | 82,335 | 606,023 | 73,429 |
| Group/Directors Accounts | 1,948,947 | 0 | 0 | 0 | 0 | 1,043,353 | 1,121,712 | 404,014 | 176,562 | 150,447 | 842,884 | 835,453 | 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 | 481,492 | 1,311,289 | 892,713 | 157,431 | 369,723 | 30,201 | 44,477 | 11,171 | 742,887 | 1,061,723 | 1,286,432 | 1,193,150 | 1,409,133 | 1,472,982 |
| total current liabilities | 2,461,352 | 1,337,231 | 931,306 | 702,760 | 462,444 | 1,156,742 | 1,311,007 | 1,376,564 | 1,039,467 | 1,380,705 | 2,254,365 | 2,110,938 | 2,015,156 | 1,546,411 |
| 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,297,450 | 759,000 | 521,950 | 1,461,600 |
| total liabilities | 2,461,352 | 1,337,231 | 931,306 | 702,760 | 462,444 | 1,156,742 | 1,311,007 | 1,376,564 | 1,039,467 | 1,380,705 | 3,551,815 | 2,869,938 | 2,537,106 | 3,008,011 |
| net assets | -701,746 | 166,137 | 254,604 | 187,771 | 55,817 | 383,483 | 756,190 | 1,255,798 | 1,401,794 | 1,740,341 | 402,617 | 545,439 | 466,105 | -678,483 |
| total shareholders funds | -701,746 | 166,137 | 254,604 | 187,771 | 55,817 | 383,483 | 756,190 | 1,255,798 | 1,401,794 | 1,740,341 | 402,617 | 545,439 | 466,105 | -678,483 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 2015 | Feb 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -865,380 | -91,328 | 68,522 | 131,452 | -327,100 | -373,350 | -499,322 | -145,297 | -351,700 | 27,138 | 507,767 | 418,813 | 817,991 | 542,462 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,503 | 2,861 | -1,689 | 502 | -566 | 643 | -286 | -699 | 13,153 | -1,864 | -121,319 | -124,179 | -219,373 | -123,924 |
| Stock | -2,915 | 25,910 | -18,559 | 14,624 | 23,774 | -31,734 | 6,579 | 7,116 | -24,055 | 9,198 | 5,250 | -898 | 12,813 | 15,731 |
| Debtors | 114,218 | -109,015 | 127,938 | 387,582 | 464,051 | -2,034,196 | -572,190 | 192,330 | -655,067 | -841,943 | 533,604 | 413,059 | 660,685 | 2,303,718 |
| Creditors | 4,971 | -12,651 | -2,417 | -51,711 | -2,525 | -49,572 | -816,561 | 841,361 | -48,517 | 43,486 | 42,714 | -523,688 | 532,594 | 73,429 |
| Accruals and Deferred Income | -829,797 | 418,576 | 735,282 | -212,292 | 339,522 | -14,276 | 33,306 | -731,716 | -318,836 | -224,709 | 93,282 | -215,983 | -63,849 | 1,472,982 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,804,012 | 400,563 | 690,319 | -534,255 | -478,494 | 1,629,375 | -717,252 | -235,797 | -26,778 | 676,796 | -16,410 | -857,198 | 393,865 | -354,500 |
| 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 | 1,948,947 | 0 | 0 | 0 | -1,043,353 | -78,359 | 717,698 | 227,452 | 26,115 | -692,437 | 7,431 | 835,453 | 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 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,000 | -17,000 | 48,000 | -17,000 | -116,000 |
| cash flow from financing | 1,948,947 | 0 | 0 | 0 | -1,043,353 | -78,359 | 717,698 | 227,452 | 26,115 | 620,013 | -521,839 | 620,153 | 545,970 | -1,097,021 |
| cash and cash equivalents | ||||||||||||||
| cash | 144,935 | 400,563 | 186,000 | -29,936 | 30,436 | -1,267 | 446 | -8,345 | -663 | -641 | 201 | 5 | 185 | 10,079 |
| overdraft | 0 | 0 | -504,319 | 504,319 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 144,935 | 400,563 | 690,319 | -534,255 | 30,436 | -1,267 | 446 | -8,345 | -663 | -641 | 201 | 5 | 185 | 10,079 |
P&L
March 2023turnover
5.7m
+5%
operating profit
-865.4k
+848%
gross margin
1.4%
-89.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-701.7k
-5.22%
total assets
1.8m
+0.17%
cash
732k
+0.25%
net assets
Total assets minus all liabilities
Similar Companies
norse transport company details
company number
04372409
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
49390 - Other passenger land transport n.e.c.
incorporation date
February 2002
age
22
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
norfolk county services transport (April 2012)
incorporated
UK
address
280 fifers lane, norwich, norfolk, NR6 6EQ
last accounts submitted
March 2023
norse transport 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 norse transport.
norse transport Companies House Filings - See Documents
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