norty limited
norty limited Company Information
Company Number
05074428
Website
nortyltd.comRegistered Address
suite g1 hartsbourne house, delta gain, carpenders park, watford, WD19 5EF
Industry
Wholesale of clothing and footwear
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Directors
Muhammad Abbas11 Years
Shareholders
backwell ltd 33.3%
pepo holdings ltd 33.3%
View Allnorty limited Estimated Valuation
Pomanda estimates the enterprise value of NORTY LIMITED at £48.1m based on a Turnover of £84.7m and 0.57x industry multiple (adjusted for size and gross margin).
norty limited Estimated Valuation
Pomanda estimates the enterprise value of NORTY LIMITED at £44.6m based on an EBITDA of £6.9m and a 6.49x industry multiple (adjusted for size and gross margin).
norty limited Estimated Valuation
Pomanda estimates the enterprise value of NORTY LIMITED at £54.9m based on Net Assets of £28.9m and 1.9x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Norty Limited Overview
Norty Limited is a live company located in carpenders park, WD19 5EF with a Companies House number of 05074428. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in March 2004, it's largest shareholder is backwell ltd with a 33.3% stake. Norty Limited is a mature, large sized company, Pomanda has estimated its turnover at £84.7m with high growth in recent years.
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Norty Limited Health Check
Pomanda's financial health check has awarded Norty Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £84.7m, make it larger than the average company (£16.1m)
£84.7m - Norty Limited
£16.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.9%)
15% - Norty Limited
5.9% - Industry AVG
Production
with a gross margin of 13.3%, this company has a higher cost of product (31.2%)
13.3% - Norty Limited
31.2% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (4.1%)
8.1% - Norty Limited
4.1% - Industry AVG
Employees
with 41 employees, this is similar to the industry average (48)
41 - Norty Limited
48 - Industry AVG
Pay Structure
on an average salary of £41.5k, the company has an equivalent pay structure (£38.1k)
£41.5k - Norty Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £2.1m, this is more efficient (£327.4k)
£2.1m - Norty Limited
£327.4k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (39 days)
106 days - Norty Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (30 days)
32 days - Norty Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (136 days)
4 days - Norty Limited
136 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (11 weeks)
57 weeks - Norty Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.9%, this is a lower level of debt than the average (58.3%)
26.9% - Norty Limited
58.3% - Industry AVG
NORTY LIMITED financials
Norty Limited's latest turnover from December 2023 is £84.7 million and the company has net assets of £28.9 million. According to their latest financial statements, Norty Limited has 41 employees and maintains cash reserves of £11.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 84,703,254 | 109,238,732 | 80,344,509 | 55,222,598 | 67,010,000 | 52,501,813 | 44,643,451 | 33,404,710 | 20,969,072 | 22,033,525 | 15,409,103 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 73,461,217 | 95,437,856 | 70,458,141 | 48,439,220 | 60,841,827 | 47,571,195 | 40,226,296 | 30,102,468 | 18,693,112 | 19,774,179 | 13,756,757 | ||||
| Gross Profit | 11,242,037 | 13,800,876 | 9,886,368 | 6,783,378 | 6,168,173 | 4,930,618 | 4,417,155 | 3,302,242 | 2,275,960 | 2,259,346 | 1,652,346 | ||||
| Admin Expenses | 4,370,368 | 4,450,842 | 3,752,525 | 2,786,503 | 2,183,985 | 955,785 | 2,797,298 | 834,308 | 983,919 | 856,886 | 675,951 | ||||
| Operating Profit | 6,871,669 | 9,350,034 | 6,133,843 | 3,996,875 | 3,984,188 | 3,974,833 | 1,619,857 | 2,467,934 | 1,292,041 | 1,402,460 | 976,395 | ||||
| Interest Payable | 0 | 21,610 | 2,906 | 6,882 | 16,511 | 4,278 | 4,533 | 23 | 39 | 73 | 0 | ||||
| Interest Receivable | 394,464 | 15,327 | 0 | 56 | 2,819 | 764 | 95 | 203 | 3,171 | 1,619 | 11 | ||||
| Pre-Tax Profit | 6,516,730 | 9,434,038 | 6,934,470 | 4,612,284 | 1,897,313 | 3,971,319 | 1,615,419 | 2,468,114 | 1,295,173 | 1,404,006 | 976,406 | ||||
| Tax | -1,521,009 | -1,793,080 | -1,318,102 | -888,794 | -712,893 | -691,742 | -419,933 | -449,344 | -262,102 | -301,407 | -222,731 | ||||
| Profit After Tax | 4,995,721 | 7,640,958 | 5,616,368 | 3,723,490 | 1,184,420 | 3,279,577 | 1,195,486 | 2,018,770 | 1,033,071 | 1,102,599 | 753,675 | ||||
| Dividends Paid | 0 | 0 | 3,000,096 | 1,200,080 | 900,040 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 4,995,721 | 7,640,958 | 2,616,272 | 2,523,410 | 284,380 | 3,279,577 | 1,195,486 | 2,018,770 | 1,033,071 | 1,102,599 | 753,675 | ||||
| Employee Costs | 1,699,872 | 1,374,857 | 821,869 | 491,708 | 394,525 | 357,375 | 242,040 | 177,963 | 116,601 | 0 | 0 | ||||
| Number Of Employees | 41 | 9 | 17 | 17 | 17 | 13 | 10 | 6 | |||||||
| EBITDA* | 6,871,669 | 9,350,034 | 6,133,843 | 3,996,875 | 3,984,188 | 3,974,833 | 1,619,857 | 2,467,934 | 1,292,041 | 1,402,460 | 976,395 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 887,035 | 2,675,899 | 834,878 | 851,353 | 3,331,120 | 4,870,815 | 4,383,182 | 1,815,397 | 1,795,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,619,839 | 26,580,542 | 21,993,052 | 16,862,388 | 11,047,835 | 4,341,415 | 2,527,398 | 3,366,429 | 1,980,590 | 1,592,953 | 1,250,745 | 591,677 | 1,031,726 | 824,099 | 179,338 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,307,604 | 1,390,342 | 181,043 | 1,228,933 | 900,389 | 618,945 | 25,159 | 569,461 | 7,207 | 36,464 | 505,727 | 0 | 0 | 0 | 0 |
| Cash | 11,686,373 | 6,010,037 | 2,255,302 | 10,759,880 | 549,294 | 3,136,188 | 2,193,842 | 2,933,885 | 1,768,229 | 3,092,722 | 1,199,949 | 1,236,726 | 369,162 | 109,419 | 269,930 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,500,851 | 36,656,820 | 25,264,275 | 29,702,554 | 15,828,638 | 12,967,363 | 9,129,581 | 8,685,172 | 5,551,942 | 4,722,139 | 2,956,421 | 1,828,403 | 1,400,888 | 933,518 | 449,268 |
| total assets | 39,500,851 | 36,656,820 | 25,264,275 | 29,702,554 | 15,828,638 | 12,967,363 | 9,129,581 | 8,685,172 | 5,551,942 | 4,722,139 | 2,956,421 | 1,828,403 | 1,400,888 | 933,518 | 449,268 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 6,603,045 | 11,321,156 | 6,168,656 | 13,197,350 | 2,785,997 | 1,035,415 | 692,791 | 1,277,779 | 435,742 | 415,543 | 233,861 | 376,987 | 412,963 | 349,360 | 135,654 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 565,324 | 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 | 0 |
| other current liabilities | 4,002,471 | 1,436,050 | 2,836,963 | 2,862,820 | 1,923,667 | 1,097,354 | 316,449 | 1,047,862 | 775,439 | 998,906 | 517,469 | 0 | 0 | 0 | 0 |
| total current liabilities | 10,605,516 | 12,757,206 | 9,005,619 | 16,060,170 | 4,709,664 | 2,132,769 | 1,574,564 | 2,325,641 | 1,211,181 | 1,414,449 | 751,330 | 376,987 | 412,963 | 349,360 | 135,654 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,605,516 | 12,757,206 | 9,005,619 | 16,060,170 | 4,709,664 | 2,132,769 | 1,574,564 | 2,325,641 | 1,211,181 | 1,414,449 | 751,330 | 376,987 | 412,963 | 349,360 | 135,654 |
| net assets | 28,895,335 | 23,899,614 | 16,258,656 | 13,642,384 | 11,118,974 | 10,834,594 | 7,555,017 | 6,359,531 | 4,340,761 | 3,307,690 | 2,205,091 | 1,451,416 | 987,925 | 584,158 | 313,614 |
| total shareholders funds | 28,895,335 | 23,899,614 | 16,258,656 | 13,642,384 | 11,118,974 | 10,834,594 | 7,555,017 | 6,359,531 | 4,340,761 | 3,307,690 | 2,205,091 | 1,451,416 | 987,925 | 584,158 | 313,614 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,871,669 | 9,350,034 | 6,133,843 | 3,996,875 | 3,984,188 | 3,974,833 | 1,619,857 | 2,467,934 | 1,292,041 | 1,402,460 | 976,395 | ||||
| Depreciation | 0 | 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 | 0 |
| Tax | -1,521,009 | -1,793,080 | -1,318,102 | -888,794 | -712,893 | -691,742 | -419,933 | -449,344 | -262,102 | -301,407 | -222,731 | ||||
| Stock | -1,788,864 | 1,841,021 | -16,475 | -2,479,767 | -1,539,695 | 487,633 | 2,567,785 | 19,481 | 1,795,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,043,441 | 5,796,789 | 4,082,774 | 6,143,097 | 6,987,864 | 2,407,803 | -1,383,333 | 1,948,093 | 358,380 | -127,055 | 1,164,795 | -440,049 | 207,627 | 644,761 | 179,338 |
| Creditors | -4,718,111 | 5,152,500 | -7,028,694 | 10,411,353 | 1,750,582 | 342,624 | -584,988 | 842,037 | 20,199 | 181,682 | -143,126 | -35,976 | 63,603 | 213,706 | 135,654 |
| Accruals and Deferred Income | 2,566,421 | -1,400,913 | -25,857 | 939,153 | 826,313 | 780,905 | -731,413 | 272,423 | -223,467 | 481,437 | 517,469 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,031,275 | 3,670,731 | -6,305,109 | 10,795,257 | 400,021 | 1,511,184 | -1,300,929 | 1,165,476 | -1,327,625 | 1,891,227 | -36,788 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -565,324 | 565,324 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 394,464 | -6,283 | -2,906 | -6,826 | -13,692 | -3,514 | -4,438 | 180 | 3,132 | 1,546 | 11 | ||||
| cash flow from financing | 394,464 | -6,283 | -2,906 | -6,826 | -13,692 | -568,838 | 560,886 | 180 | 3,132 | 1,546 | 11 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 5,676,336 | 3,754,735 | -8,504,578 | 10,210,586 | -2,586,894 | 942,346 | -740,043 | 1,165,656 | -1,324,493 | 1,892,773 | -36,777 | 867,564 | 259,743 | -160,511 | 269,930 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,676,336 | 3,754,735 | -8,504,578 | 10,210,586 | -2,586,894 | 942,346 | -740,043 | 1,165,656 | -1,324,493 | 1,892,773 | -36,777 | 867,564 | 259,743 | -160,511 | 269,930 |
norty limited Credit Report and Business Information
Norty Limited Competitor Analysis
Perform a competitor analysis for norty limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in WD19 area or any other competitors across 12 key performance metrics.
norty limited Ownership
NORTY LIMITED group structure
Norty Limited has no subsidiary companies.
Ultimate parent company
NORTY LIMITED
05074428
norty limited directors
Norty Limited currently has 1 director, Mr Muhammad Abbas serving since Oct 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Abbas | England | 41 years | Oct 2013 | - | Director |
P&L
December 2023turnover
84.7m
-22%
operating profit
6.9m
-27%
gross margin
13.3%
+5.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
28.9m
+0.21%
total assets
39.5m
+0.08%
cash
11.7m
+0.94%
net assets
Total assets minus all liabilities
norty limited company details
company number
05074428
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
March 2004
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRIMERA ACCOUNTANTS LIMITED
address
suite g1 hartsbourne house, delta gain, carpenders park, watford, WD19 5EF
Bank
-
Legal Advisor
-
norty 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 3 charges/mortgages relating to norty limited. Currently there are 0 open charges and 3 have been satisfied in the past.
norty limited Companies House Filings - See Documents
| date | description | view/download |
|---|
