Nortons Hiab Services Limited

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nortons hiab services limited Company Information

Live

EstablishedSmallLow

Company Number

06140715

Next Accounts

May 2025

Industry

Freight transport by road

Directors

Michael Marriott

Shareholders

brian quinn

Group Structure

View All

Contact

Registered Address

12 holme lea, clayton le moors, accrington, lancashire, BB5 5XZ

Website

www.nortonsservices.co.uk

nortons hiab services limited Estimated Valuation

£12.2m

Pomanda estimates the enterprise value of NORTONS HIAB SERVICES LIMITED at £12.2m based on Net Assets of £5.1m and 2.4x industry multiple (adjusted for liquidity).

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Nortons Hiab Services Limited is a live company located in lancashire, BB5 5XZ with a Companies House number of 06140715. It operates in the freight transport by road sector, SIC Code 49410. Founded in March 2007, it's largest shareholder is brian quinn with a 100% stake. Nortons Hiab Services Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with low growth in recent years.

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Pomanda's financial health check has awarded Nortons Hiab Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £4m, make it smaller than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.5%)

EXPORT

Nortons Hiab Services Limited's latest turnover from August 2023 is estimated at £4 million and the company has net assets of £5.1 million. According to their latest financial statements, Nortons Hiab Services Limited has 36 employees and maintains cash reserves of £4.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	4,017,013	4,347,513	4,005,024	3,918,740	4,314,837	4,209,296	4,762,847	4,607,508	4,427,354	8,153,775	8,136,783	4,131,017	4,132,821	6,732,458	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,129,841	3,427,426	3,185,913	3,155,785	3,476,748	3,389,988	3,808,221	3,667,399	3,590,844	6,634,781	6,661,337	3,495,486	3,429,768	5,273,491	0
Gross Profit	887,173	920,088	819,111	762,955	838,089	819,307	954,626	940,109	836,511	1,518,994	1,475,447	635,531	703,053	1,458,967	0
Admin Expenses	102,900	56,319	-221,397	545,376	729,379	561,523	449,234	542,349	-199,039	1,336,665	1,236,314	463,045	447,220	1,198,808	643
Operating Profit	784,273	863,769	1,040,508	217,579	108,710	257,784	505,392	397,760	1,035,550	182,329	239,133	172,486	255,833	260,159	-643
Interest Payable	31,007	22,135	19,451	19,649	10,028	0	0	0	0	0	0	1,284	883	0	0
Interest Receivable	209,615	58,203	2,717	2,158	13,993	13,141	3,934	3,035	3,176	1,728	2,103	0	0	1,475	825
Pre-Tax Profit	962,881	899,837	1,023,774	200,088	112,675	270,925	509,326	400,795	1,038,726	184,057	241,236	172,383	256,520	261,635	182
Tax	-240,720	-170,969	-194,517	-38,017	-21,408	-51,476	-96,772	-80,159	-207,745	-38,652	-55,484	-43,109	-71,000	-73,258	-51
Profit After Tax	722,161	728,868	829,257	162,071	91,267	219,449	412,554	320,636	830,981	145,405	185,752	129,274	185,520	188,377	131
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	20,000	50,000	0	0
Retained Profit	722,161	728,868	829,257	162,071	91,267	219,449	412,554	320,636	830,981	145,405	185,752	109,274	135,520	188,377	131
Employee Costs	1,421,129	1,280,093	1,172,575	1,267,884	1,254,222	1,281,710	1,310,096	1,511,136	1,183,280	2,151,174	2,169,580	1,111,212	1,121,232	1,894,177	0
Number Of Employees	36	34	34	37	37	39	41	48	38	72	73	38	39	67	0
EBITDA*	1,004,703	1,139,180	1,323,281	499,667	313,405	519,532	761,902	735,634	1,211,551	381,599	245,654	180,014	258,388	260,159	-643

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	1,561,890	1,735,832	1,605,047	1,359,964	1,399,914	1,105,325	1,087,365	1,181,392	1,052,814	665,583	87,332	79,832	62,665	26,420	6,420
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	721,971	673,494	642,138	647,831	625,618	0	0	0	0	0	0	0	231,670	206,412	0
Debtors (Due After 1 year)	0	79,112	71,204	64,811	60,465	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,283,861	2,488,438	2,318,389	2,072,606	2,085,997	1,105,325	1,087,365	1,181,392	1,052,814	665,583	87,332	79,832	294,335	232,832	6,420
Stock & work in progress	25,000	25,000	25,000	25,000	25,000	25,000	14,074	14,074	14,074	86,481	12,500	12,500	12,500	12,500	10,000
Trade Debtors	457,763	450,936	542,647	262,965	426,058	516,720	744,391	684,364	1,043,189	1,107,468	1,224,467	1,055,848	1,103,080	940,591	770,266
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	72,366	65,402	66,851	69,751	71,626	126,044	139,699	116,605	57,813	0	0	13,600	13,900	0	0
Cash	4,342,719	3,642,602	3,009,187	2,424,992	1,890,217	1,841,273	1,662,986	1,483,827	944,156	326,263	364,918	476,361	337,059	260,320	329,844
misc current assets	0	0	0	0	53,226	307,629	294,516	291,036	271,904	259,636	233,964	232,776	0	0	0
total current assets	4,897,848	4,183,940	3,643,685	2,782,708	2,466,127	2,816,666	2,855,666	2,589,906	2,331,136	1,779,848	1,835,849	1,791,085	1,466,539	1,213,411	1,110,110
total assets	7,181,709	6,672,378	5,962,074	4,855,314	4,552,124	3,921,991	3,943,031	3,771,298	3,383,950	2,445,431	1,923,181	1,870,917	1,760,874	1,446,243	1,116,530
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	514,570	789,938	612,779	718,107	774,966	656,961	715,139	587,938	312,238	1,192,862	1,304,126	1,010,645	938,207	1,257,734	1,116,398
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	0	0	0	0	0	0	0	0	0
hp & lease commitments	302,685	376,947	470,438	291,933	243,024	133,482	266,957	458,779	416,221	0	0	0	0	0	0
other current liabilities	512,005	293,576	298,622	210,112	50,538	361,992	470,748	340,240	422,238	0	0	426,969	498,638	0	0
total current liabilities	1,329,260	1,460,461	1,381,839	1,220,152	1,068,528	1,152,435	1,452,844	1,386,957	1,150,697	1,192,862	1,304,126	1,437,614	1,436,845	1,257,734	1,116,398
loans	270,615	280,615	290,615	347,115	297,115	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	153,695	318,496	429,877	317,904	378,956	123,944	58,657	325,613	510,513	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	50,888	0	0	0	0	0	4,802	7,987	0	446,434	0	0	0	0	0
provisions	295,547	253,263	229,068	168,725	168,178	97,532	98,097	134,664	127,299	41,675	0	0	0	0	0
total long term liabilities	770,745	852,374	949,560	833,744	844,249	221,476	161,556	468,264	637,812	488,109	0	0	0	0	0
total liabilities	2,100,005	2,312,835	2,331,399	2,053,896	1,912,777	1,373,911	1,614,400	1,855,221	1,788,509	1,680,971	1,304,126	1,437,614	1,436,845	1,257,734	1,116,398
net assets	5,081,704	4,359,543	3,630,675	2,801,418	2,639,347	2,548,080	2,328,631	1,916,077	1,595,441	764,460	619,055	433,303	324,029	188,509	132
total shareholders funds	5,081,704	4,359,543	3,630,675	2,801,418	2,639,347	2,548,080	2,328,631	1,916,077	1,595,441	764,460	619,055	433,303	324,029	188,509	132

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	784,273	863,769	1,040,508	217,579	108,710	257,784	505,392	397,760	1,035,550	182,329	239,133	172,486	255,833	260,159	-643
Depreciation	220,430	275,411	282,773	282,088	204,695	261,748	256,510	337,874	176,001	199,270	6,521	7,528	2,555	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-240,720	-170,969	-194,517	-38,017	-21,408	-51,476	-96,772	-80,159	-207,745	-38,652	-55,484	-43,109	-71,000	-73,258	-51
Stock	0	0	0	0	0	10,926	0	0	-72,407	73,981	0	0	0	2,500	10,000
Debtors	-65,321	-85,252	283,175	-160,622	-84,615	-241,326	83,121	-300,033	-6,466	-116,999	155,019	-47,532	176,389	170,325	770,266
Creditors	-275,368	177,159	-105,328	-56,859	118,005	-58,178	127,201	275,700	-880,624	-111,264	293,481	72,438	-319,527	141,336	1,116,398
Accruals and Deferred Income	218,429	-5,046	88,510	159,574	-311,454	-108,756	130,508	-81,998	422,238	0	-426,969	-71,669	498,638	0	0
Deferred Taxes & Provisions	42,284	24,195	60,343	547	70,646	-565	-36,567	7,365	85,624	41,675	0	0	0	0	0
Cash flow from operations	814,649	1,249,771	889,114	725,534	253,809	530,957	803,151	1,156,575	709,917	316,376	-98,337	185,206	190,110	155,412	335,438
Investing Activities
capital expenditure	-46,488	-406,196	-527,856	-242,138	-499,284	-279,708	-162,483	-466,452	-563,232	-777,521	-14,021	-24,695	-38,800	-20,000	-6,420
Change in Investments	48,477	31,356	-5,693	22,213	625,618	0	0	0	0	0	0	-231,670	25,258	206,412	0
cash flow from investments	-94,965	-437,552	-522,163	-264,351	-1,124,902	-279,708	-162,483	-466,452	-563,232	-777,521	-14,021	206,975	-64,058	-226,412	-6,420
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	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	-56,500	50,000	297,115	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-239,063	-204,872	290,478	-12,143	364,554	-68,188	-458,778	-142,342	926,734	0	0	0	0	0	0
other long term liabilities	50,888	0	0	0	0	-4,802	-3,185	7,987	-446,434	446,434	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	178,608	36,068	-16,734	-17,491	3,965	13,141	3,934	3,035	3,176	1,728	2,103	-1,284	-883	1,475	825
cash flow from financing	-19,567	-178,804	217,244	20,366	665,634	-59,849	-458,029	-131,320	483,476	448,162	2,103	-1,284	-883	1,475	826
cash and cash equivalents
cash	700,117	633,415	584,195	534,775	48,944	178,287	179,159	539,671	617,893	-38,655	-111,443	139,302	76,739	-69,524	329,844
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	700,117	633,415	584,195	534,775	48,944	178,287	179,159	539,671	617,893	-38,655	-111,443	139,302	76,739	-69,524	329,844

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for nortons hiab services limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in BB5 area or any other competitors across 12 key performance metrics.

NORTONS HIAB SERVICES LIMITED group structure

Nortons Hiab Services Limited has no subsidiary companies.

Ultimate parent company

NORTONS HIAB SERVICES LIMITED

06140715

NORTONS HIAB SERVICES LIMITED Shareholders

brian quinn

100%

Nortons Hiab Services Limited currently has 1 director, Mr Michael Marriott serving since Mar 2007.

officer	country	age	start	end	role
Mr Michael Marriott	United Kingdom	80 years	Mar 2007	-	Director

P&L

August 2023

turnover

-8%

operating profit

784.3k

gross margin

22.1%

+4.36%

turnover

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

Balance Sheet

August 2023

net assets

5.1m

+0.17%

total assets

7.2m

+0.08%

cash

4.3m

+0.19%

net assets

Total assets minus all liabilities

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company number

06140715

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

March 2007

ultimate parent company

None

previous names

N/A

address

12 holme lea, clayton le moors, accrington, lancashire, BB5 5XZ

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.

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nortons hiab services limited Company Information

nortons hiab services limited Estimated Valuation

nortons hiab services limited Estimated Valuation

nortons hiab services limited Estimated Valuation

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