Norlec Sheet Metal Limited

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norlec sheet metal limited Company Information

Live

EstablishedMidHealthy

Company Number

06847979

Website

www.norlec.com

Registered Address

unit 87 bison place, moss side industrial estate, leyland, lancashire, PR26 7QR

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01772643643

Next Accounts Due

March 2025

Group Structure

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Directors

John Haworth15 Years

Alexander Haworth14 Years

Shareholders

jfh holdings limited 100%

norlec sheet metal limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of NORLEC SHEET METAL LIMITED at £6.7m based on an EBITDA of £1.4m and a 4.73x industry multiple (adjusted for size and gross margin).

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Norlec Sheet Metal Limited is a live company located in leyland, PR26 7QR with a Companies House number of 06847979. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in March 2009, it's largest shareholder is jfh holdings limited with a 100% stake. Norlec Sheet Metal Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norlec Sheet Metal Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £7.5m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.2%)

EXPORT

Norlec Sheet Metal Limited's latest turnover from June 2023 is estimated at £7.5 million and the company has net assets of £2.4 million. According to their latest financial statements, Norlec Sheet Metal Limited has 81 employees and maintains cash reserves of £908.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Turnover	7,479,384	9,118,614	7,136,340	6,471,710	5,474,830	4,831,972	3,895,722	2,650,419	5,516,448	4,242,585	5,552,852	5,228,110	4,656,637	4,205,042
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,288,590	6,371,657	5,110,389	4,544,072	3,854,181	3,358,811	2,691,477	1,821,804	3,750,739	2,950,933	3,872,252	3,652,788	3,226,191	2,906,879
Gross Profit	2,190,793	2,746,956	2,025,952	1,927,638	1,620,648	1,473,162	1,204,245	828,615	1,765,708	1,291,651	1,680,601	1,575,322	1,430,447	1,298,163
Admin Expenses	1,157,613	2,293,046	1,705,287	1,589,287	1,384,788	1,373,125	1,167,407	848,844	1,649,866	1,116,654	1,653,979	1,393,865	1,365,160	1,222,021
Operating Profit	1,033,180	453,910	320,665	338,351	235,860	100,037	36,838	-20,229	115,842	174,997	26,622	181,457	65,287	76,142
Interest Payable	30,750	26,199	26,050	14,072	856	1,243	1,601	1,225	769	1,015	1,395	1,897	1,037	0
Interest Receivable	34,830	4,383	147	62	359	236	210	439	283	261	232	126	8	8
Pre-Tax Profit	1,037,260	432,094	294,762	324,341	235,363	99,030	35,447	-21,015	115,356	174,243	25,458	179,686	64,258	76,150
Tax	-259,315	-82,098	-56,005	-61,625	-44,719	-18,816	-6,735	0	-23,071	-36,591	-5,855	-43,125	-16,707	-21,322
Profit After Tax	777,945	349,996	238,757	262,716	190,644	80,214	28,712	-21,015	92,285	137,652	19,603	136,561	47,551	54,828
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	777,945	349,996	238,757	262,716	190,644	80,214	28,712	-21,015	92,285	137,652	19,603	136,561	47,551	54,828
Employee Costs	3,130,075	2,751,135	2,504,313	2,538,025	2,544,629	2,564,747	2,181,571	750,637	1,457,965	1,154,828	1,398,389	1,378,281	1,239,403	1,188,913
Number Of Employees	81	76	71	71	73	76	66	23	46	37	45	45	42	41
EBITDA*	1,424,118	810,087	635,963	652,695	517,523	360,453	266,993	167,769	262,186	290,120	94,478	244,813	125,291	94,837

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Tangible Assets	2,250,880	2,545,588	1,807,319	1,404,053	1,691,115	1,521,289	1,749,081	1,280,079	1,456,583	1,553,809	566,317	615,140	655,630	407,878
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	1	2
Investments & Other	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
Total Fixed Assets	2,250,880	2,545,588	1,807,319	1,404,053	1,691,115	1,521,289	1,749,081	1,280,079	1,456,583	1,553,809	566,317	615,140	655,631	407,880
Stock & work in progress	78,156	61,209	44,237	43,186	42,394	70,199	58,952	49,606	23,061	115,011	297,525	181,376	319,876	136,342
Trade Debtors	1,698,982	2,263,413	1,859,127	1,682,092	1,288,458	959,948	765,275	711,608	1,226,185	856,545	1,055,101	1,121,148	935,429	865,675
Group Debtors	0	80,000	80,000	80,000	0	42,220	69,883	42,220	0	0	0	0	0	0
Misc Debtors	588,994	168,469	195,751	19,082	26,400	19,939	25,231	47,733	0	0	0	0	0	0
Cash	908,239	484,958	216,337	78,369	44,677	50,975	43,382	124,390	51,255	62,005	42,239	50,401	0	3,180
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,274,371	3,058,049	2,395,452	1,902,729	1,401,929	1,143,281	962,723	975,557	1,300,501	1,033,561	1,394,865	1,352,925	1,255,305	1,005,197
total assets	5,525,251	5,603,637	4,202,771	3,306,782	3,093,044	2,664,570	2,711,804	2,255,636	2,757,084	2,587,370	1,961,182	1,968,065	1,910,936	1,413,077
Bank overdraft	81,818	81,818	81,818	42,739	6,090	6,090	6,090	6,090	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	755,312	2,069,107	1,116,783	597,716	606,957	619,773	498,207	496,526	1,559,824	1,348,915	1,576,296	1,466,924	1,458,318	1,096,310
Group/Directors Accounts	0	3,075	3,075	3,075	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
hp & lease commitments	347,790	206,639	165,356	190,857	199,239	287,171	322,157	191,318	0	0	0	0	0	0
other current liabilities	399,718	383,979	214,426	618,167	874,021	713,786	614,038	583,777	0	0	0	0	0	0
total current liabilities	1,584,638	2,744,618	1,581,458	1,452,554	1,686,307	1,626,820	1,440,492	1,277,711	1,559,824	1,348,915	1,576,296	1,466,924	1,458,318	1,096,310
loans	156,818	238,637	320,455	409,092	3,460	9,728	16,333	22,709	8,902	14,770	16,449	26,481	31,899	0
hp & lease commitments	887,246	451,778	682,250	245,285	436,142	311,531	598,702	347,651	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	559,778	732,390	59,794	190,620	308,240	246,839
provisions	500,000	550,000	350,000	170,000	200,000	140,000	160,000	140,000	140,000	95,000	50,000	45,000	10,000	3,000
total long term liabilities	1,544,064	1,240,415	1,352,705	824,377	639,602	461,259	775,035	510,360	708,680	842,160	126,243	262,101	350,139	249,839
total liabilities	3,128,702	3,985,033	2,934,163	2,276,931	2,325,909	2,088,079	2,215,527	1,788,071	2,268,504	2,191,075	1,702,539	1,729,025	1,808,457	1,346,149
net assets	2,396,549	1,618,604	1,268,608	1,029,851	767,135	576,491	496,277	467,565	488,580	396,295	258,643	239,040	102,479	66,928
total shareholders funds	2,396,549	1,618,604	1,268,608	1,029,851	767,135	576,491	496,277	467,565	488,580	396,295	258,643	239,040	102,479	66,928

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Operating Activities
Operating Profit	1,033,180	453,910	320,665	338,351	235,860	100,037	36,838	-20,229	115,842	174,997	26,622	181,457	65,287	76,142
Depreciation	390,938	356,177	315,298	314,344	281,663	260,416	230,155	187,998	146,344	115,123	67,856	63,355	60,003	18,694
Amortisation	0	0	0	0	0	0	0	0	0	0	0	1	1	1
Tax	-259,315	-82,098	-56,005	-61,625	-44,719	-18,816	-6,735	0	-23,071	-36,591	-5,855	-43,125	-16,707	-21,322
Stock	16,947	16,972	1,051	792	-27,805	11,247	9,346	26,545	-91,950	-182,514	116,149	-138,500	183,534	136,342
Debtors	-223,906	377,004	353,704	466,316	292,751	161,718	58,828	-424,624	369,640	-198,556	-66,047	185,719	69,754	865,675
Creditors	-1,313,795	952,324	519,067	-9,241	-12,816	121,566	1,681	-1,063,298	210,909	-227,381	109,372	8,606	362,008	1,096,310
Accruals and Deferred Income	15,739	169,553	-403,741	-255,854	160,235	99,748	30,261	583,777	0	0	0	0	0	0
Deferred Taxes & Provisions	-50,000	200,000	180,000	-30,000	60,000	-20,000	20,000	0	45,000	45,000	5,000	35,000	7,000	3,000
Cash flow from operations	23,706	1,655,890	520,529	-171,133	415,277	369,986	244,026	86,327	217,334	452,218	152,893	198,075	224,304	170,808
Investing Activities
capital expenditure	-96,230	-1,094,446	-718,564	-27,282	-451,489	-32,624	-699,157	-11,494	-49,118	-1,102,615	-19,033	-22,865	-307,755	-426,575
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-96,230	-1,094,446	-718,564	-27,282	-451,489	-32,624	-699,157	-11,494	-49,118	-1,102,615	-19,033	-22,865	-307,755	-426,575
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-3,075	0	0	3,075	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
Long term loans	-81,819	-81,818	-88,637	405,632	-6,268	-6,605	-6,376	13,807	-5,868	-1,679	-10,032	-5,418	31,899	0
Hire Purchase and Lease Commitments	576,619	-189,189	411,464	-199,239	36,679	-322,157	381,890	538,969	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-559,778	-172,612	672,596	-130,826	-117,620	61,401	246,839
share issue	0	0	0	0	0	0	0	0	0	0	0	0	-12,000	12,100
interest	4,080	-21,816	-25,903	-14,010	-497	-1,007	-1,391	-786	-486	-754	-1,163	-1,771	-1,029	8
cash flow from financing	495,805	-292,823	296,924	195,458	29,914	-329,769	374,123	-7,788	-178,966	670,163	-142,021	-124,809	80,271	258,947
cash and cash equivalents
cash	423,281	268,621	137,968	33,692	-6,298	7,593	-81,008	73,135	-10,750	19,766	-8,162	50,401	-3,180	3,180
overdraft	0	0	39,079	36,649	0	0	0	6,090	0	0	0	0	0	0
change in cash	423,281	268,621	98,889	-2,957	-6,298	7,593	-81,008	67,045	-10,750	19,766	-8,162	50,401	-3,180	3,180

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORLEC SHEET METAL LIMITED group structure

Norlec Sheet Metal Limited has no subsidiary companies.

Ultimate parent company

JFH HOLDINGS LIMITED

10026207

1 parent

NORLEC SHEET METAL LIMITED

06847979

NORLEC SHEET METAL LIMITED Shareholders

jfh holdings limited

100%

Norlec Sheet Metal Limited currently has 2 directors. The longest serving directors include Mr John Haworth (Mar 2009) and Mr Alexander Haworth (Dec 2009).

officer	country	age	start	end	role
Mr John Haworth	United Kingdom	70 years	Mar 2009	-	Director
Mr Alexander Haworth	United Kingdom	37 years	Dec 2009	-	Director

P&L

June 2023

turnover

7.5m

-18%

operating profit

gross margin

29.3%

-2.77%

turnover

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

Balance Sheet

June 2023

net assets

2.4m

+0.48%

total assets

5.5m

-0.01%

cash

908.2k

+0.87%

net assets

Total assets minus all liabilities

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company number

06847979

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

March 2009

age

accounts

Total Exemption Full

ultimate parent company

JFH HOLDINGS LIMITED

previous names

N/A

incorporated

address

unit 87 bison place, moss side industrial estate, leyland, lancashire, PR26 7QR

last accounts submitted

June 2023

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 norlec sheet metal limited. Currently there are 2 open charges and 1 have been satisfied in the past.

norlec sheet metal limited Company Information

norlec sheet metal limited Estimated Valuation

norlec sheet metal limited Estimated Valuation

norlec sheet metal limited Estimated Valuation

Norlec Sheet Metal Limited Overview

Norlec Sheet Metal Limited Health Check

NORLEC SHEET METAL LIMITED financials

norlec sheet metal limited Credit Report and Business Information

Norlec Sheet Metal Limited Competitor Analysis

norlec sheet metal limited Ownership

norlec sheet metal limited directors

norlec sheet metal limited company details

norlec sheet metal limited Charges & Mortgages

norlec sheet metal limited Companies House Filings - See Documents