bidvest noonan (uk) limited
bidvest noonan (uk) limited Company Information
Company Number
05049403
Website
http://noonan.ieRegistered Address
15 st botolph street, london, EC3A 7BB
Industry
Building and industrial cleaning activities (other than window cleaning, specialised cleaning and furnace and chimney cleaning services) n.e.c.
Specialised cleaning services
Telephone
01276418280
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
bidvest noonan (roi) limited 100%
bidvest noonan (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BIDVEST NOONAN (UK) LIMITED at £454.3m based on a Turnover of £489.8m and 0.93x industry multiple (adjusted for size and gross margin).
bidvest noonan (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BIDVEST NOONAN (UK) LIMITED at £97.2m based on an EBITDA of £17.9m and a 5.43x industry multiple (adjusted for size and gross margin).
bidvest noonan (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BIDVEST NOONAN (UK) LIMITED at £59.8m based on Net Assets of £42.5m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Bidvest Noonan (uk) Limited Overview
Bidvest Noonan (uk) Limited is a live company located in london, EC3A 7BB with a Companies House number of 05049403. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in February 2004, it's largest shareholder is bidvest noonan (roi) limited with a 100% stake. Bidvest Noonan (uk) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £489.8m with rapid growth in recent years.
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Bidvest Noonan (uk) Limited Health Check
Pomanda's financial health check has awarded Bidvest Noonan (Uk) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
8 Weak
Size
annual sales of £489.8m, make it larger than the average company (£129.8k)
£489.8m - Bidvest Noonan (uk) Limited
£129.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (9.1%)
43% - Bidvest Noonan (uk) Limited
9.1% - Industry AVG
Production
with a gross margin of 12%, this company has a higher cost of product (39.4%)
12% - Bidvest Noonan (uk) Limited
39.4% - Industry AVG
Profitability
an operating margin of 2.5% make it less profitable than the average company (6.3%)
2.5% - Bidvest Noonan (uk) Limited
6.3% - Industry AVG
Employees
with 17573 employees, this is above the industry average (6)
17573 - Bidvest Noonan (uk) Limited
6 - Industry AVG
Pay Structure
on an average salary of £22.5k, the company has a higher pay structure (£15.2k)
£22.5k - Bidvest Noonan (uk) Limited
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £27.9k, this is less efficient (£41.7k)
£27.9k - Bidvest Noonan (uk) Limited
£41.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (57 days)
69 days - Bidvest Noonan (uk) Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (31 days)
9 days - Bidvest Noonan (uk) Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (6 days)
0 days - Bidvest Noonan (uk) Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (31 weeks)
14 weeks - Bidvest Noonan (uk) Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.9%, this is a higher level of debt than the average (67.7%)
82.9% - Bidvest Noonan (uk) Limited
67.7% - Industry AVG
BIDVEST NOONAN (UK) LIMITED financials
Bidvest Noonan (Uk) Limited's latest turnover from June 2023 is £489.8 million and the company has net assets of £42.5 million. According to their latest financial statements, Bidvest Noonan (Uk) Limited has 17,573 employees and maintains cash reserves of £28.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 489,815,000 | 397,216,000 | 168,218,000 | 166,937,000 | 174,907,694 | 144,493,890 | 61,313,487 | 40,941,837 | 13,090,428 | 4,257,190 | 11,832,000 | 11,978,000 | 5,584,257 | 6,071,416 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 430,856,000 | 342,881,000 | 145,340,000 | 146,546,000 | 157,569,668 | 130,260,326 | 55,141,150 | 35,689,499 | 11,044,895 | 3,351,027 | 10,034,000 | 10,205,000 | 4,436,416 | 4,846,783 |
| Gross Profit | 58,959,000 | 54,335,000 | 22,878,000 | 20,391,000 | 17,338,026 | 14,233,564 | 6,172,337 | 5,252,338 | 2,045,533 | 906,163 | 1,798,000 | 1,773,000 | 1,147,841 | 1,224,633 |
| Admin Expenses | 46,526,000 | 36,285,000 | 13,336,000 | 12,233,000 | 10,815,883 | 8,746,110 | 5,740,927 | 3,435,599 | 1,521,280 | 638,987 | 1,443,000 | 2,033,000 | 852,305 | 1,035,632 |
| Operating Profit | 12,433,000 | 18,050,000 | 9,542,000 | 8,158,000 | 6,522,143 | 5,487,454 | 431,410 | 1,816,739 | 524,253 | 267,176 | 355,000 | -260,000 | 295,536 | 189,001 |
| Interest Payable | 5,741,000 | 4,781,000 | 2,278,000 | 1,342,000 | 502,908 | 366,858 | 38,942 | 8,681 | 1,932 | 1,810 | 299,000 | 282,000 | 2,108 | 1,838 |
| Interest Receivable | 101,000 | 10,000 | 0 | 24,000 | 4,211 | 819 | 754 | 369 | 519 | 1,768 | 4,000 | 0 | 117 | 931 |
| Pre-Tax Profit | 6,793,000 | 13,279,000 | 7,264,000 | 6,840,000 | 6,023,446 | 6,012,941 | 393,222 | 1,808,427 | -306,829 | 267,134 | 58,000 | -544,000 | 293,545 | 188,094 |
| Tax | -1,291,000 | -3,749,000 | -1,301,000 | -2,076,000 | -1,348,543 | -464,681 | -114,445 | -304,661 | -13,506 | -61,024 | -53,000 | 45,000 | -39,749 | -15,714 |
| Profit After Tax | 5,502,000 | 9,530,000 | 5,963,000 | 4,764,000 | 4,674,903 | 5,548,260 | 278,777 | 1,503,766 | -320,335 | 206,110 | 5,000 | -499,000 | 253,796 | 172,380 |
| Dividends Paid | 0 | 0 | 14,620,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 5,502,000 | 9,530,000 | -8,657,000 | 4,764,000 | 4,674,903 | 5,548,260 | 278,777 | 1,503,766 | -320,335 | 206,110 | 5,000 | -499,000 | 253,796 | 172,380 |
| Employee Costs | 394,688,000 | 324,973,000 | 137,854,000 | 141,853,000 | 148,719,096 | 119,733,322 | 49,443,870 | 30,352,640 | 9,104,485 | 3,248,965 | 9,792,000 | 9,972,000 | 3,845,113 | 4,141,800 |
| Number Of Employees | 17,573 | 13,667 | 7,036 | 6,226 | 6,932 | 4,427 | 3,669 | 2,713 | 2,486 | 428 | 869 | 1,091 | 695 | 769 |
| EBITDA* | 17,887,000 | 22,065,000 | 11,340,000 | 9,494,000 | 7,538,598 | 6,665,181 | 1,127,349 | 2,276,332 | 650,385 | 329,146 | 616,000 | -260,000 | 375,853 | 421,987 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,464,000 | 5,480,000 | 56,110,000 | 33,034,000 | 1,629,699 | 1,937,988 | 2,089,271 | 1,160,013 | 716,446 | 156,364 | 877,000 | 870,000 | 118,739 | 177,963 |
| Intangible Assets | 120,846,000 | 121,742,000 | 56,699,000 | 26,167,000 | 25,270,687 | 23,081,273 | 2,754,702 | 1,207,372 | 1,106,024 | 0 | 291,000 | 291,000 | 466,978 | 466,978 |
| Investments & Other | 0 | 0 | 52,006,000 | 30,916,000 | 903 | 901 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 52,000 | 7,000 | 7,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 125,310,000 | 127,222,000 | 112,757,000 | 59,194,000 | 26,900,386 | 25,019,261 | 4,843,973 | 2,367,385 | 1,822,470 | 156,364 | 1,168,000 | 1,161,000 | 585,717 | 644,942 |
| Stock & work in progress | 249,000 | 0 | 147,000 | 511,000 | 46,510 | 47,722 | 42,631 | 48,303 | 37,621 | 5,713 | 6,000 | 8,000 | 8,437 | 8,437 |
| Trade Debtors | 93,721,000 | 0 | 0 | 19,840,000 | 22,898,285 | 20,788,818 | 9,001,398 | 5,025,349 | 5,287,443 | 550,182 | 2,378,000 | 2,464,000 | 528,363 | 572,793 |
| Group Debtors | 0 | 0 | 0 | 2,231,000 | 685,412 | 674,680 | 64,428 | 1,797,547 | 119,278 | 599,943 | 0 | 0 | 0 | 253,472 |
| Misc Debtors | 0 | 110,503,000 | 44,505,000 | 6,864,000 | 3,673,516 | 3,870,891 | 2,441,789 | 1,449,966 | 994,506 | 28,474 | 241,000 | 251,000 | 105,349 | 40,289 |
| Cash | 28,314,000 | 1,393,000 | 4,049,000 | 31,976,000 | 16,672,672 | 7,497,510 | 2,909,367 | 2,785,986 | 3,120,724 | 409,248 | 975,000 | 733,000 | 289,522 | 619,846 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 11,041 | 0 | 0 | 0 | 0 | 19,000 | 23,000 | 0 | 0 |
| total current assets | 122,284,000 | 111,896,000 | 49,205,000 | 61,422,000 | 43,976,395 | 32,890,662 | 14,459,613 | 11,107,151 | 9,559,572 | 1,593,560 | 3,619,000 | 3,479,000 | 931,671 | 1,494,837 |
| total assets | 247,594,000 | 239,118,000 | 161,962,000 | 120,616,000 | 70,876,781 | 57,909,923 | 19,303,586 | 13,474,536 | 11,382,042 | 1,749,924 | 4,787,000 | 4,640,000 | 1,517,388 | 2,139,779 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 15,070,000 | 10,563,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,820,000 | 76,470,000 | 37,738,000 | 2,769,000 | 2,198,880 | 1,646,862 | 1,665,988 | 1,157,569 | 463,527 | 65,354 | 161,000 | 228,000 | 50,055 | 155,204 |
| Group/Directors Accounts | 8,020,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240,000 |
| other short term finances | 26,000,000 | 0 | 0 | 0 | 0 | 0 | 399,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 758,000 | 583,000 | 208,000 | 480,000 | 189,439 | 207,411 | 221,919 | 221,658 | 178,575 | 8,223 | 0 | 0 | 13,744 | 0 |
| other current liabilities | 53,223,000 | 3,084,000 | 0 | 38,245,000 | 30,183,049 | 28,100,046 | 13,909,562 | 9,358,544 | 9,644,612 | 411,861 | 1,763,000 | 1,708,000 | 372,827 | 389,736 |
| total current liabilities | 98,821,000 | 95,207,000 | 48,509,000 | 41,494,000 | 32,571,368 | 29,954,319 | 16,197,441 | 10,737,771 | 10,286,714 | 485,438 | 1,924,000 | 1,936,000 | 436,626 | 784,940 |
| loans | 91,500,000 | 94,222,000 | 92,046,000 | 51,908,000 | 19,919,443 | 19,875,837 | 763,044 | 581,838 | 306,496 | 4,142 | 3,537,000 | 3,425,000 | 0 | 527,872 |
| hp & lease commitments | 1,629,000 | 1,361,000 | 273,000 | 204,000 | 111,212 | 205,989 | 381,522 | 290,919 | 153,248 | 2,071 | 61,000 | 103,000 | 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 | 13,182,000 | 27,900,000 | 0 | 0 | 0 | 25,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 106,311,000 | 106,811,000 | 91,773,000 | 51,704,000 | 19,808,231 | 19,682,721 | 381,522 | 290,919 | 153,248 | 2,071 | 3,476,000 | 3,322,000 | 0 | 527,872 |
| total liabilities | 205,132,000 | 202,018,000 | 140,282,000 | 93,198,000 | 52,379,599 | 49,637,040 | 16,578,963 | 11,028,690 | 10,439,962 | 487,509 | 5,400,000 | 5,258,000 | 436,626 | 1,312,812 |
| net assets | 42,462,000 | 37,100,000 | 21,680,000 | 27,418,000 | 18,497,182 | 8,272,883 | 2,724,623 | 2,445,846 | 942,080 | 1,262,415 | -613,000 | -618,000 | 1,080,762 | 826,967 |
| total shareholders funds | 42,462,000 | 37,100,000 | 21,680,000 | 27,418,000 | 18,497,182 | 8,272,883 | 2,724,623 | 2,445,846 | 942,080 | 1,262,415 | -613,000 | -618,000 | 1,080,762 | 826,967 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 12,433,000 | 18,050,000 | 9,542,000 | 8,158,000 | 6,522,143 | 5,487,454 | 431,410 | 1,816,739 | 524,253 | 267,176 | 355,000 | -260,000 | 295,536 | 189,001 |
| Depreciation | 1,832,000 | 1,916,000 | 1,659,000 | 1,298,000 | 1,016,455 | 1,177,727 | 695,939 | 459,593 | 126,132 | 61,970 | 261,000 | 80,317 | 106,888 | |
| Amortisation | 3,622,000 | 2,099,000 | 139,000 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 126,098 | ||
| Tax | -1,291,000 | -3,749,000 | -1,301,000 | -2,076,000 | -1,348,543 | -464,681 | -114,445 | -304,661 | -13,506 | -61,024 | -53,000 | 45,000 | -39,749 | -15,714 |
| Stock | 249,000 | -147,000 | -364,000 | 464,490 | -1,212 | 47,722 | -5,672 | 10,682 | 31,908 | -287 | -2,000 | -437 | 0 | 8,437 |
| Debtors | -16,782,000 | 65,946,000 | 15,615,000 | 1,676,830 | 1,930,781 | 25,334,389 | 3,234,753 | 1,871,635 | 5,222,628 | -1,440,401 | -96,000 | 2,081,288 | -232,842 | 866,554 |
| Creditors | -65,650,000 | 38,732,000 | 34,969,000 | 570,120 | 552,018 | 1,646,862 | 508,419 | 694,042 | 398,173 | -95,646 | -67,000 | 177,945 | -105,149 | 155,204 |
| Accruals and Deferred Income | 50,139,000 | 3,084,000 | -38,245,000 | 8,061,951 | 2,083,003 | 28,100,046 | 4,551,018 | -286,068 | 9,232,751 | -1,351,139 | 55,000 | 1,335,173 | -16,909 | 389,736 |
| Deferred Taxes & Provisions | -14,718,000 | 27,900,000 | 0 | 0 | -25,746 | 25,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,900,000 | 22,233,000 | -8,488,000 | 13,908,751 | 6,869,761 | 10,591,043 | 2,843,260 | 262,025 | 649,000 | 446,888 | 76,222 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -52,006,000 | 21,090,000 | 30,915,097 | 2 | 901 | 0 | 0 | 0 | 1 | 0 | -1 | 0 | 1 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -15,070,000 | 4,507,000 | 10,563,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,020,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -240,000 | 240,000 |
| Other Short Term Loans | 26,000,000 | 0 | 0 | 0 | 0 | 0 | 399,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,722,000 | 2,176,000 | 40,138,000 | 31,988,557 | 43,606 | 19,875,837 | 181,206 | 275,342 | 302,354 | -3,532,858 | 112,000 | 3,425,000 | -527,872 | 527,872 |
| Hire Purchase and Lease Commitments | 443,000 | 1,463,000 | -203,000 | 383,349 | -112,749 | 413,400 | 90,864 | 180,754 | 321,529 | -50,706 | -42,000 | 89,256 | 13,744 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -5,640,000 | -4,771,000 | -2,278,000 | -1,318,000 | -498,697 | -366,039 | -38,188 | -8,312 | -1,413 | -42 | -295,000 | -282,000 | -1,991 | -907 |
| cash flow from financing | 10,891,000 | 9,265,000 | 51,139,000 | 35,210,724 | 4,981,556 | 22,647,821 | 633,854 | 447,784 | 622,470 | -1,914,301 | -225,000 | 2,032,494 | -756,120 | 1,421,552 |
| cash and cash equivalents | ||||||||||||||
| cash | 26,921,000 | -2,656,000 | -27,927,000 | 15,303,328 | 9,175,162 | 7,497,510 | 123,381 | -334,738 | 2,711,476 | -565,752 | 242,000 | 443,478 | -330,324 | 619,846 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 26,921,000 | -2,656,000 | -27,927,000 | 15,303,328 | 9,175,162 | 7,497,510 | 123,381 | -334,738 | 2,711,476 | -565,752 | 242,000 | 443,478 | -330,324 | 619,846 |
bidvest noonan (uk) limited Credit Report and Business Information
Bidvest Noonan (uk) Limited Competitor Analysis
Perform a competitor analysis for bidvest noonan (uk) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC3A area or any other competitors across 12 key performance metrics.
bidvest noonan (uk) limited Ownership
BIDVEST NOONAN (UK) LIMITED group structure
Bidvest Noonan (Uk) Limited has 8 subsidiary companies.
Ultimate parent company
THE BIDVEST GROUP LTD
#0037686
BIDVEST NOONAN (ROI) LIMITED
IE459859
2 parents
BIDVEST NOONAN (UK) LIMITED
05049403
8 subsidiaries
bidvest noonan (uk) limited directors
Bidvest Noonan (Uk) Limited currently has 6 directors. The longest serving directors include Mr Declan Doyle (Sep 2008) and Mr Cormac Sheils (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Declan Doyle | Ireland | 44 years | Sep 2008 | - | Director |
| Mr Cormac Sheils | Ireland | 54 years | Apr 2016 | - | Director |
| Ms Janice Brannigan | United Kingdom | 50 years | Oct 2018 | - | Director |
| Mr Edward Ingram | United Kingdom | 59 years | Jun 2019 | - | Director |
| Mr Guy Pakenham | United Kingdom | 54 years | Aug 2021 | - | Director |
| Ms Kathy McDermott | United Kingdom | 38 years | Sep 2022 | - | Director |
P&L
June 2023turnover
489.8m
+23%
operating profit
12.4m
-31%
gross margin
12.1%
-12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
42.5m
+0.14%
total assets
247.6m
+0.04%
cash
28.3m
+19.33%
net assets
Total assets minus all liabilities
Similar Companies
bidvest noonan (uk) limited company details
company number
05049403
Type
Private limited with Share Capital
industry
81229 - Building and industrial cleaning activities (other than window cleaning, specialised cleaning and furnace and chimney cleaning services) n.e.c.
81222 - Specialised cleaning services
incorporation date
February 2004
age
20
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
noonan services group (uk) limited (December 2019)
footprint cleaning contractors limited (May 2008)
See morelast accounts submitted
June 2023
address
15 st botolph street, london, EC3A 7BB
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
bidvest noonan (uk) 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 found 5 charges/mortgages relating to bidvest noonan (uk) limited. Currently there are 0 open charges and 5 have been satisfied in the past.
bidvest noonan (uk) limited Companies House Filings - See Documents
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