norse energy limited
norse energy limited Company Information
Company Number
08358987
Next Accounts
Dec 2025
Directors
Shareholders
norse group services limited
Group Structure
View All
Industry
Environmental consulting activities
Registered Address
280 fifers lane, norwich, norfolk, NR6 6EQ
Website
www.norseenergy.co.uknorse energy limited Estimated Valuation
Pomanda estimates the enterprise value of NORSE ENERGY LIMITED at £468.9k based on a Turnover of £783.7k and 0.6x industry multiple (adjusted for size and gross margin).
norse energy limited Estimated Valuation
Pomanda estimates the enterprise value of NORSE ENERGY LIMITED at £2.8m based on an EBITDA of £585.7k and a 4.84x industry multiple (adjusted for size and gross margin).
norse energy limited Estimated Valuation
Pomanda estimates the enterprise value of NORSE ENERGY LIMITED at £0 based on Net Assets of £-5.4m and 2.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Norse Energy Limited Overview
Norse Energy Limited is a live company located in norfolk, NR6 6EQ with a Companies House number of 08358987. It operates in the environmental consulting activities sector, SIC Code 74901. Founded in January 2013, it's largest shareholder is norse group services limited with a 100% stake. Norse Energy Limited is a established, small sized company, Pomanda has estimated its turnover at £783.7k with declining growth in recent years.
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Norse Energy Limited Health Check
Pomanda's financial health check has awarded Norse Energy Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £783.7k, make it in line with the average company (£732.8k)
£783.7k - Norse Energy Limited
£732.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (17.1%)
-8% - Norse Energy Limited
17.1% - Industry AVG
Production
with a gross margin of 40.3%, this company has a comparable cost of product (41.4%)
40.3% - Norse Energy Limited
41.4% - Industry AVG
Profitability
an operating margin of 46.6% make it more profitable than the average company (6.2%)
46.6% - Norse Energy Limited
6.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (9)
- Norse Energy Limited
9 - Industry AVG
Pay Structure
on an average salary of £39k, the company has an equivalent pay structure (£39k)
- Norse Energy Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £130.6k, this is more efficient (£84.5k)
- Norse Energy Limited
£84.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (49 days)
5 days - Norse Energy Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (23 days)
2 days - Norse Energy Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Norse Energy Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (45 weeks)
1 weeks - Norse Energy Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 173.7%, this is a higher level of debt than the average (54.2%)
173.7% - Norse Energy Limited
54.2% - Industry AVG
NORSE ENERGY LIMITED financials
Norse Energy Limited's latest turnover from March 2024 is £783.7 thousand and the company has net assets of -£5.4 million. According to their latest financial statements, we estimate that Norse Energy Limited has 6 employees and maintains cash reserves of £338.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 783,673 | 945,624 | 932,647 | 1,006,631 | 1,043,907 | 1,437,457 | 1,331,104 | 1,733,148 | 1,450,033 | 341,865 | 216,357 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 468,267 | 668,585 | 755,818 | 662,371 | 782,224 | 1,212,511 | 1,274,790 | 1,215,745 | 1,240,923 | 338,830 | 515,016 |
| Gross Profit | 315,406 | 277,039 | 176,829 | 344,260 | 261,683 | 224,946 | 56,314 | 517,403 | 209,110 | 3,035 | -298,659 |
| Admin Expenses | -49,616 | 4,550,542 | 596 | -144,524 | 1,115,742 | 12,326 | 46,301 | 50,525 | 193,259 | 21,516 | 35,562 |
| Operating Profit | 365,022 | -4,273,503 | 176,233 | 488,784 | -854,059 | 212,620 | 10,013 | 466,878 | 15,851 | -18,481 | -334,221 |
| Interest Payable | 506,359 | 519,997 | 297,066 | 366,486 | 473,515 | 467,133 | 420,363 | 496,595 | 233,104 | 33,792 | 8,482 |
| Interest Receivable | 65,851 | 68,527 | 70,486 | 149,798 | 47,056 | 67,893 | 17,446 | 31 | |||
| Pre-Tax Profit | -141,337 | -4,793,500 | -54,982 | 190,825 | -1,257,088 | -104,715 | -363,294 | 38,176 | -199,807 | -52,242 | -342,703 |
| Tax | -21,854 | 1,346,579 | -99,668 | 42,108 | 193,603 | 16,905 | 68,333 | 17,082 | 69,320 | 18,825 | 79,279 |
| Profit After Tax | -163,191 | -3,446,921 | -154,650 | 232,933 | -1,063,485 | -87,810 | -294,961 | 55,258 | -130,487 | -33,417 | -263,424 |
| Dividends Paid | |||||||||||
| Retained Profit | -163,191 | -3,446,921 | -154,650 | 232,933 | -1,063,485 | -87,810 | -294,961 | 55,258 | -130,487 | -33,417 | -263,424 |
| Employee Costs | |||||||||||
| Number Of Employees | 3 | ||||||||||
| EBITDA* | 585,678 | -3,764,513 | 727,412 | 1,040,821 | -211,691 | 1,147,781 | 961,083 | 1,413,993 | 660,989 | 42,576 | -334,221 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,108,668 | 1,341,416 | 6,449,970 | 7,018,667 | 8,604,975 | 15,407,299 | 16,416,697 | 17,366,864 | 18,132,590 | 3,027,956 | |
| Intangible Assets | |||||||||||
| Investments & Other | 4 | 4 | 4 | 4 | 4 | ||||||
| Debtors (Due After 1 year) | 1,640,869 | 1,631,492 | 644,229 | 677,379 | 711,590 | 740,706 | 644,588 | 675,337 | 635,493 | 46,111 | |
| Total Fixed Assets | 2,749,541 | 2,972,912 | 7,094,203 | 7,696,050 | 9,316,569 | 16,148,005 | 17,061,285 | 18,042,201 | 18,768,083 | 3,074,067 | |
| Stock & work in progress | |||||||||||
| Trade Debtors | 12,233 | 10,570 | 18,397 | 45,466 | 232,576 | 50,062 | 32,077 | 271,431 | 154,315 | 4,212 | |
| Group Debtors | 3,808,217 | 7,093,972 | 4,727,050 | 4,435,580 | 6,962,750 | 2,056,516 | 454,848 | 3,337,028 | 85,701 | ||
| Misc Debtors | 378,195 | 383,703 | 211,455 | 213,043 | 283,184 | 564,742 | 637,321 | 788,260 | 917,986 | 349,625 | 330 |
| Cash | 338,325 | 226,480 | 2,909,039 | 5,173,768 | 347 | 2,450,332 | 113,222 | 900,648 | 3,710 | 2,069 | |
| misc current assets | |||||||||||
| total current assets | 4,536,970 | 7,714,725 | 7,865,941 | 9,867,857 | 7,478,857 | 3,065,136 | 2,839,136 | 2,415,187 | 4,413,039 | 355,906 | 86,031 |
| total assets | 7,286,511 | 10,687,637 | 14,960,144 | 17,563,907 | 16,795,426 | 19,213,141 | 19,900,421 | 20,457,388 | 23,181,122 | 3,429,973 | 86,031 |
| Bank overdraft | 9,985,567 | ||||||||||
| Bank loan | 5,250,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 750,000 | |||||
| Trade Creditors | 2,990 | 170 | 950 | 6,182 | 7,684 | 13,805 | 11,452 | 50,897 | 9,735 | 69,128 | 4,944 |
| Group/Directors Accounts | 2,366,491 | 354,687 | 97,861 | 1,639,176 | 30,820 | 45,853 | 9,162 | 154,702 | 2,906,876 | 566,943 | 344,510 |
| other short term finances | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 284,431 | 286,990 | 285,745 | 188,240 | 183,681 | 221,326 | 138,852 | 273,481 | 362,740 | 28,957 | |
| total current liabilities | 12,653,912 | 15,891,847 | 11,384,556 | 2,833,598 | 1,222,185 | 1,280,984 | 909,466 | 10,464,647 | 3,279,351 | 665,028 | 349,454 |
| loans | 5,250,000 | 16,250,000 | 17,250,000 | 18,250,000 | 19,250,000 | 10,000,000 | 19,963,895 | 2,940,417 | |||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 82,879 | 82,950 | 158,815 | 436,997 | 407,985 | 364,810 | 365,203 | 121,368 | |||
| total long term liabilities | 5,332,879 | 16,332,950 | 17,408,815 | 18,686,997 | 19,657,985 | 10,364,810 | 20,329,098 | 3,061,785 | |||
| total liabilities | 12,653,912 | 15,891,847 | 16,717,435 | 19,166,548 | 18,631,000 | 19,967,981 | 20,567,451 | 20,829,457 | 23,608,449 | 3,726,813 | 349,454 |
| net assets | -5,367,401 | -5,204,210 | -1,757,291 | -1,602,641 | -1,835,574 | -754,840 | -667,030 | -372,069 | -427,327 | -296,840 | -263,423 |
| total shareholders funds | -5,367,401 | -5,204,210 | -1,757,291 | -1,602,641 | -1,835,574 | -754,840 | -667,030 | -372,069 | -427,327 | -296,840 | -263,423 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 365,022 | -4,273,503 | 176,233 | 488,784 | -854,059 | 212,620 | 10,013 | 466,878 | 15,851 | -18,481 | -334,221 |
| Depreciation | 220,656 | 508,990 | 551,179 | 552,037 | 642,368 | 935,161 | 951,070 | 947,115 | 645,138 | 61,057 | |
| Amortisation | |||||||||||
| Tax | -21,854 | 1,346,579 | -99,668 | 42,108 | 193,603 | 16,905 | 68,333 | 17,082 | 69,320 | 18,825 | 79,279 |
| Stock | |||||||||||
| Debtors | -3,280,223 | 3,518,606 | 229,663 | -2,818,632 | 6,834,590 | -2,014,992 | 1,180,626 | -2,854,946 | 4,644,874 | 313,917 | 86,031 |
| Creditors | 2,820 | -780 | -5,232 | -1,502 | -6,121 | 2,353 | -39,445 | 41,162 | -59,393 | 64,184 | 4,944 |
| Accruals and Deferred Income | -2,559 | 1,245 | 97,505 | 4,559 | -37,645 | 82,474 | -134,629 | -89,259 | 333,783 | 28,957 | |
| Deferred Taxes & Provisions | -82,879 | -71 | -75,865 | -278,182 | 29,012 | 43,175 | -393 | 243,835 | 121,368 | ||
| Cash flow from operations | 3,844,308 | -6,018,954 | 490,283 | 3,828,753 | -7,174,626 | 3,293,517 | -282,109 | 4,237,531 | -3,396,340 | -38,007 | -336,029 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 4 | ||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | -5,250,000 | 4,250,000 | 250,000 | 750,000 | |||||||
| Group/Directors Accounts | 2,011,804 | 256,826 | -1,541,315 | 1,608,356 | -15,033 | 36,691 | -145,540 | -2,752,174 | 2,339,933 | 222,433 | 344,510 |
| Other Short Term Loans | 10,000,000 | ||||||||||
| Long term loans | -5,250,000 | -11,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | 9,250,000 | -9,963,895 | 17,023,478 | 2,940,417 | ||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -506,359 | -519,997 | -231,215 | -297,959 | -403,029 | -317,335 | -373,307 | -428,702 | -215,658 | -33,761 | -8,482 |
| cash flow from financing | -3,744,555 | -1,263,169 | -2,772,530 | 310,397 | -1,435,311 | -1,030,644 | 9,481,153 | -13,144,771 | 19,147,753 | 3,129,089 | 336,029 |
| cash and cash equivalents | |||||||||||
| cash | 111,845 | -2,682,559 | -2,264,729 | 5,173,421 | -2,449,985 | 2,337,110 | -787,426 | 896,938 | 1,641 | 2,069 | |
| overdraft | -9,985,567 | 9,985,567 | |||||||||
| change in cash | 111,845 | -2,682,559 | -2,264,729 | 5,173,421 | -2,449,985 | 2,337,110 | 9,198,141 | -9,088,629 | 1,641 | 2,069 |
norse energy limited Credit Report and Business Information
Norse Energy Limited Competitor Analysis
Perform a competitor analysis for norse energy limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NR6 area or any other competitors across 12 key performance metrics.
norse energy limited Ownership
NORSE ENERGY LIMITED group structure
Norse Energy Limited has 4 subsidiary companies.
Ultimate parent company
NORFOLK COUNTY COUNCIL
#0015836
2 parents
NORSE ENERGY LIMITED
08358987
4 subsidiaries
norse energy limited directors
Norse Energy Limited currently has 1 director, Mr Nicholas Maddox serving since Nov 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Maddox | United Kingdom | 58 years | Nov 2022 | - | Director |
P&L
March 2024turnover
783.7k
-17%
operating profit
365k
-109%
gross margin
40.3%
+37.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-5.4m
+0.03%
total assets
7.3m
-0.32%
cash
338.3k
+0.49%
net assets
Total assets minus all liabilities
norse energy limited company details
company number
08358987
Type
Private limited with Share Capital
industry
74901 - Environmental consulting activities
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
280 fifers lane, norwich, norfolk, NR6 6EQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
norse energy 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 did not find charges/mortgages relating to norse energy limited.
norse energy limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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norse energy limited Companies House Filings - See Documents
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