norris biomedical services limited

1

norris biomedical services limited Company Information

Share NORRIS BIOMEDICAL SERVICES LIMITED
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EstablishedMicroDeclining

Company Number

08358664

Registered Address

20 finch mill avenue, appley bridge, wigan, WN6 9DF

Industry

Management consultancy activities (other than financial management)

 

Telephone

-

Next Accounts Due

February 2025

Group Structure

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Directors

Michael Norris11 Years

Shareholders

north west fund for biomedical lp 84%

yvonne norris 8%

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norris biomedical services limited Estimated Valuation

£43.9k

Pomanda estimates the enterprise value of NORRIS BIOMEDICAL SERVICES LIMITED at £43.9k based on a Turnover of £102k and 0.43x industry multiple (adjusted for size and gross margin).

norris biomedical services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NORRIS BIOMEDICAL SERVICES LIMITED at £0 based on an EBITDA of £0 and a 3.26x industry multiple (adjusted for size and gross margin).

norris biomedical services limited Estimated Valuation

£133.3k

Pomanda estimates the enterprise value of NORRIS BIOMEDICAL SERVICES LIMITED at £133.3k based on Net Assets of £54.2k and 2.46x industry multiple (adjusted for liquidity).

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Norris Biomedical Services Limited Overview

Norris Biomedical Services Limited is a live company located in wigan, WN6 9DF with a Companies House number of 08358664. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in January 2013, it's largest shareholder is north west fund for biomedical lp with a 84% stake. Norris Biomedical Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £102k with declining growth in recent years.

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Norris Biomedical Services Limited Health Check

Pomanda's financial health check has awarded Norris Biomedical Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

0 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £102k, make it smaller than the average company (£278.8k)

£102k - Norris Biomedical Services Limited

£278.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.1%)

-15% - Norris Biomedical Services Limited

6.1% - Industry AVG

production

Production

with a gross margin of 25.4%, this company has a higher cost of product (53.4%)

25.4% - Norris Biomedical Services Limited

53.4% - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Norris Biomedical Services Limited

- - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Norris Biomedical Services Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)

£41.2k - Norris Biomedical Services Limited

£41.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £102k, this is equally as efficient (£109.7k)

£102k - Norris Biomedical Services Limited

£109.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 194 days, this is later than average (71 days)

194 days - Norris Biomedical Services Limited

71 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Norris Biomedical Services Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Norris Biomedical Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Norris Biomedical Services Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Norris Biomedical Services Limited

- - Industry AVG

norris biomedical services 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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Norris Biomedical Services Limited Competitor Analysis

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norris biomedical services limited Ownership

NORRIS BIOMEDICAL SERVICES LIMITED group structure

Norris Biomedical Services Limited has no subsidiary companies.

Ultimate parent company

NORRIS BIOMEDICAL SERVICES LIMITED

08358664

NORRIS BIOMEDICAL SERVICES LIMITED Shareholders

north west fund for biomedical lp 84%
yvonne norris 8%
michael norris 8%

norris biomedical services limited directors

Norris Biomedical Services Limited currently has 1 director, Mr Michael Norris serving since Jan 2013.

officercountryagestartendrole
Mr Michael NorrisEngland60 years Jan 2013- Director

NORRIS BIOMEDICAL SERVICES LIMITED financials

EXPORTms excel logo

Norris Biomedical Services Limited's latest turnover from May 2023 is estimated at £102 thousand and the company has net assets of £54.2 thousand. According to their latest financial statements, Norris Biomedical Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015Jan 2014
Turnover102,00795,16399,101164,921138,207187,666328,970212,156117,3480
Other Income Or Grants0000000000
Cost Of Sales76,11171,76375,737123,680101,982134,623227,515000
Gross Profit25,89623,40023,36441,24136,22553,043101,456212,156117,3480
Admin Expenses25,89684,80531,382-105,859107,18049,15599,333165,426137,0470
Operating Profit0-61,405-8,018147,100-70,9553,8882,12346,730-19,6990
Interest Payable0000001,261000
Interest Receivable0000000000
Pre-Tax Profit0-61,405-8,018147,100-70,9553,88886246,730-19,6990
Tax000-27,9490-739-164-5,40600
Profit After Tax0-61,405-8,018119,151-70,9553,14969841,324-19,6990
Dividends Paid0000000000
Retained Profit0-61,405-8,018119,151-70,9553,14969841,324-19,6990
Employee Costs41,19639,66838,60834,39045,83346,37588,61152,76051,6230
Number Of Employees1111112110
EBITDA*0-61,405-8,018147,100-70,9553,8882,12346,730-19,6990

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015Jan 2014
Tangible Assets000011,47456,71535,42721,8774,8400
Intangible Assets0000000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets000011,47456,71535,42721,8774,8400
Stock & work in progress0000000000
Trade Debtors54,24654,24674,029108,37651,75973,386136,172108,36230,8350
Group Debtors0000000000
Misc Debtors0000000000
Cash0000000022,1090
misc current assets0000000000
total current assets54,24654,24674,029108,37651,75973,386136,172108,36252,9440
total assets54,24654,24674,029108,37663,233130,101171,599130,23957,7840
Bank overdraft000000040,36000
Bank loan0000000000
Trade Creditors 008,37934,708108,716104,629149,2763,94814,8090
Group/Directors Accounts0000000000
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities000000014,30512,6730
total current liabilities008,37934,708108,716104,629149,27658,61327,4820
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions0000000000
total long term liabilities0000000000
total liabilities008,37934,708108,716104,629149,27658,61327,4820
net assets54,24654,24665,65073,668-45,48325,47222,32371,62630,3020
total shareholders funds54,24654,24665,65073,668-45,48325,47222,32371,62630,3020
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015Jan 2014
Operating Activities
Operating Profit0-61,405-8,018147,100-70,9553,8882,12346,730-19,6990
Depreciation0000000000
Amortisation0000000000
Tax000-27,9490-739-164-5,40600
Stock0000000000
Debtors0-19,783-34,34756,617-21,627-62,78627,81077,52730,8350
Creditors0-8,379-26,329-74,0084,087-44,647145,328-10,86114,8090
Accruals and Deferred Income000000-14,3051,63212,6730
Deferred Taxes & Provisions0000000000
Cash flow from operations0-50,0010-11,474-45,24121,288105,172-45,432-23,0520
Investing Activities
capital expenditure00011,47445,241-21,288-13,550-17,037-4,8400
Change in Investments0000000000
cash flow from investments00011,47445,241-21,288-13,550-17,037-4,8400
Financing Activities
Bank loans0000000000
Group/Directors Accounts0000000000
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue050,0010000-50,001050,0010
interest000000-1,261000
cash flow from financing050,0010000-51,262050,0010
cash and cash equivalents
cash0000000-22,10922,1090
overdraft000000-40,36040,36000
change in cash00000040,360-62,46922,1090

P&L

May 2023

turnover

102k

+7%

operating profit

0

0%

gross margin

25.4%

+3.24%

turnover

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

Balance Sheet

May 2023

net assets

54.2k

0%

total assets

54.2k

0%

cash

0

0%

net assets

Total assets minus all liabilities

norris biomedical services limited company details

company number

08358664

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

January 2013

age

11

accounts

Unaudited Abridged

ultimate parent company

None

previous names

critical change management limited (October 2013)

incorporated

UK

address

20 finch mill avenue, appley bridge, wigan, WN6 9DF

last accounts submitted

May 2023

norris biomedical services 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 1 charges/mortgages relating to norris biomedical services limited. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

norris biomedical services limited Companies House Filings - See Documents

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