northco limited

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northco limited Company Information

Share NORTHCO LIMITED

Company Number

05008896

Directors

Paul West

Shareholders

north holdco limited

Group Structure

View All

Industry

Renting and operating of Housing Association real estate

 

Registered Address

61 london road, maidstone, kent, ME16 8TX

northco limited Estimated Valuation

£759.5k

Pomanda estimates the enterprise value of NORTHCO LIMITED at £759.5k based on a Turnover of £275.9k and 2.75x industry multiple (adjusted for size and gross margin).

northco limited Estimated Valuation

£91.4k

Pomanda estimates the enterprise value of NORTHCO LIMITED at £91.4k based on an EBITDA of £18.7k and a 4.88x industry multiple (adjusted for size and gross margin).

northco limited Estimated Valuation

£883.7k

Pomanda estimates the enterprise value of NORTHCO LIMITED at £883.7k based on Net Assets of £491k and 1.8x industry multiple (adjusted for liquidity).

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Northco Limited Overview

Northco Limited is a live company located in kent, ME16 8TX with a Companies House number of 05008896. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in January 2004, it's largest shareholder is north holdco limited with a 100% stake. Northco Limited is a mature, micro sized company, Pomanda has estimated its turnover at £275.9k with declining growth in recent years.

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Northco Limited Health Check

Pomanda's financial health check has awarded Northco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £275.9k, make it smaller than the average company (£1.3m)

£275.9k - Northco Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.1%)

-4% - Northco Limited

4.1% - Industry AVG

production

Production

with a gross margin of 21.9%, this company has a higher cost of product (64.5%)

21.9% - Northco Limited

64.5% - Industry AVG

profitability

Profitability

an operating margin of 6.8% make it less profitable than the average company (17.7%)

6.8% - Northco Limited

17.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - Northco Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)

£34.8k - Northco Limited

£34.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £275.9k, this is more efficient (£163k)

£275.9k - Northco Limited

£163k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is later than average (19 days)

61 days - Northco Limited

19 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 54 days, this is slower than average (32 days)

54 days - Northco Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Northco Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Northco Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 6.2%, this is a lower level of debt than the average (69.3%)

6.2% - Northco Limited

69.3% - Industry AVG

NORTHCO LIMITED financials

EXPORTms excel logo

Northco Limited's latest turnover from January 2024 is estimated at £275.9 thousand and the company has net assets of £491 thousand. According to their latest financial statements, we estimate that Northco Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover275,878225,674234,770315,864368,031342,881539,728626,988276,175324,895344,786314,755321,92312,2347,888
Other Income Or Grants
Cost Of Sales215,386172,873162,750213,750257,776240,795369,431424,025211,173253,996254,189240,757208,4299,5554,212
Gross Profit60,49152,80172,020102,114110,255102,086170,297202,96365,00270,89990,59773,998113,4952,6793,676
Admin Expenses41,768-1,41184,744115,444117,802137,628188,813216,65470,118101,29352,33653,79974,742-44,52951,227
Operating Profit18,72354,212-12,724-13,330-7,547-35,542-18,516-13,691-5,116-30,39438,26120,19938,75347,208-47,551
Interest Payable4,52920,356
Interest Receivable96474516388269162
Pre-Tax Profit18,72354,212-12,724-13,330-7,547-35,542-18,516-13,595-4,642-29,87838,64920,46838,91591,775-68,057
Tax-4,681-10,300-8,889-4,912-10,118
Profit After Tax14,04243,912-12,724-13,330-7,547-35,542-18,516-13,595-4,642-29,87829,76015,55628,79791,775-68,057
Dividends Paid
Retained Profit14,04243,912-12,724-13,330-7,547-35,542-18,516-13,595-4,642-29,87829,76015,55628,79791,775-68,057
Employee Costs34,82734,31533,89032,07930,78529,42253,31052,67626,59128,00026,76226,66223,62725,890
Number Of Employees111111221111112
EBITDA*18,72354,212-12,724-13,330-7,547-35,542-18,516-13,691-5,116-30,39438,26120,19938,75347,208-20,322

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets476,639476,639441,639441,639441,639441,639441,639441,639500,000500,000400,000375,000375,000375,0001,360,904
Intangible Assets
Investments & Other764,468405,894405,894372,005374,902373,652433,645
Debtors (Due After 1 year)
Total Fixed Assets476,639476,639441,639441,639441,639441,639441,639441,6391,264,468905,894805,894747,005749,902748,6521,794,549
Stock & work in progress
Trade Debtors46,71635,22944,79156,87957,83747,70995,552105,82645,64952,58263,48263,88263,4821,150
Group Debtors60,3825,145
Misc Debtors11,172
Cash76,582113,18493,16862,19345,59319,265898
misc current assets90
total current assets46,71635,22944,79156,87957,83747,70995,552105,916122,231165,766156,650126,075109,07579,64718,365
total assets523,355511,868486,430498,518499,476489,348537,191547,5551,386,6991,071,660962,544873,080858,977828,2991,812,914
Bank overdraft89,433
Bank loan
Trade Creditors 32,39634,95153,42552,78940,41722,74224,68221,29129,21968,11229,11828,30326,8595,528
Group/Directors Accounts8,5611,357185,633
other short term finances
hp & lease commitments
other current liabilities24,8712,500
total current liabilities32,39634,95153,42552,78940,41722,74233,24321,29129,21968,11229,11828,30326,85926,228283,094
loans684,531
hp & lease commitments
Accruals and Deferred Income1,8005,600
other liabilities
provisions
total long term liabilities1,8005,600684,531
total liabilities32,39634,95153,42552,78940,41722,74235,04326,89129,21968,11229,11828,30326,85926,228967,625
net assets490,959476,917433,005445,729459,059466,606502,148520,6641,357,4801,003,548933,426844,777832,118802,071845,289
total shareholders funds490,959476,917433,005445,729459,059466,606502,148520,6641,357,4801,003,548933,426844,777832,118802,071845,289
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit18,72354,212-12,724-13,330-7,547-35,542-18,516-13,691-5,116-30,39438,26120,19938,75347,208-47,551
Depreciation27,229
Amortisation
Tax-4,681-10,300-8,889-4,912-10,118
Stock
Debtors11,487-9,562-12,088-95810,128-47,843-10,27460,177-6,933-10,900-4004003,10042,91517,467
Creditors-2,555-18,47463612,37217,675-1,9403,391-7,928-38,89338,9948151,44426,859-5,5285,528
Accruals and Deferred Income-1,800-3,8005,600-24,87122,3712,500
Deferred Taxes & Provisions
Cash flow from operations35,0008,561-8,651-76,196-37,07619,50030,58716,33127,52321,136-29,761
Investing Activities
capital expenditure-35,00058,361-100,000-25,000985,904
Change in Investments-764,468358,57433,889-2,8971,250-59,993433,645
cash flow from investments-35,000822,829-358,574-100,000-58,8892,897-1,2501,045,897-433,645
Financing Activities
Bank loans
Group/Directors Accounts-8,5618,561-1,357-184,276185,633
Other Short Term Loans
Long term loans-684,531684,531
Hire Purchase and Lease Commitments
other long term liabilities
share issue-823,221358,574100,00058,889-2,8971,250-134,993913,346
interest96474516388269162-4,529-20,356
cash flow from financing-8,5618,561-823,125359,048100,51659,277-2,62855-1,008,3291,763,154
cash and cash equivalents
cash-76,582-36,60220,01630,97516,60026,32818,367898
overdraft-89,43389,433
change in cash-76,582-36,60220,01630,97516,60026,328107,800-88,535

northco limited 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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Northco Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for northco limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in ME16 area or any other competitors across 12 key performance metrics.

northco limited Ownership

NORTHCO LIMITED group structure

Northco Limited has 1 subsidiary company.

Ultimate parent company

1 parent

NORTHCO LIMITED

05008896

1 subsidiary

NORTHCO LIMITED Shareholders

north holdco limited 100%

northco limited directors

Northco Limited currently has 1 director, Mr Paul West serving since Jan 2004.

officercountryagestartendrole
Mr Paul West61 years Jan 2004- Director

P&L

January 2024

turnover

275.9k

+22%

operating profit

18.7k

0%

gross margin

22%

-6.28%

turnover

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

Balance Sheet

January 2024

net assets

491k

+0.03%

total assets

523.4k

+0.02%

cash

0

0%

net assets

Total assets minus all liabilities

northco limited company details

company number

05008896

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

incorporation date

January 2004

age

21

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

61 london road, maidstone, kent, ME16 8TX

Bank

-

Legal Advisor

-

northco 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 northco limited.

northco limited 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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northco limited Companies House Filings - See Documents

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