norse energy limited

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norse energy limited Company Information

Share NORSE ENERGY LIMITED

Company Number

08358987

Shareholders

norse group services limited

Group Structure

View All

Industry

Environmental consulting activities

 

Registered Address

280 fifers lane, norwich, norfolk, NR6 6EQ

norse energy limited Estimated Valuation

£468.9k

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

£2.8m

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

£0

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).

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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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 6 employees, this is below the industry average (9)

6 - Norse Energy Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £39k, the company has an equivalent pay structure (£39k)

£39k - Norse Energy Limited

£39k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £130.6k, this is more efficient (£84.5k)

£130.6k - Norse Energy Limited

£84.5k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Norse Energy Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jan 2015Jan 2014
Turnover783,673945,624932,6471,006,6311,043,9071,437,4571,331,1041,733,1481,450,033341,865216,357
Other Income Or Grants
Cost Of Sales468,267668,585755,818662,371782,2241,212,5111,274,7901,215,7451,240,923338,830515,016
Gross Profit315,406277,039176,829344,260261,683224,94656,314517,403209,1103,035-298,659
Admin Expenses-49,6164,550,542596-144,5241,115,74212,32646,30150,525193,25921,51635,562
Operating Profit365,022-4,273,503176,233488,784-854,059212,62010,013466,87815,851-18,481-334,221
Interest Payable506,359519,997297,066366,486473,515467,133420,363496,595233,10433,7928,482
Interest Receivable65,85168,52770,486149,79847,05667,89317,44631
Pre-Tax Profit-141,337-4,793,500-54,982190,825-1,257,088-104,715-363,29438,176-199,807-52,242-342,703
Tax-21,8541,346,579-99,66842,108193,60316,90568,33317,08269,32018,82579,279
Profit After Tax-163,191-3,446,921-154,650232,933-1,063,485-87,810-294,96155,258-130,487-33,417-263,424
Dividends Paid
Retained Profit-163,191-3,446,921-154,650232,933-1,063,485-87,810-294,96155,258-130,487-33,417-263,424
Employee Costs233,794258,864270,180268,096276,444441,085425,24596,85767,257
Number Of Employees67888311131332
EBITDA*585,678-3,764,513727,4121,040,821-211,6911,147,781961,0831,413,993660,98942,576-334,221

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jan 2015Jan 2014
Tangible Assets1,108,6681,341,4166,449,9707,018,6678,604,97515,407,29916,416,69717,366,86418,132,5903,027,956
Intangible Assets
Investments & Other44444
Debtors (Due After 1 year)1,640,8691,631,492644,229677,379711,590740,706644,588675,337635,49346,111
Total Fixed Assets2,749,5412,972,9127,094,2037,696,0509,316,56916,148,00517,061,28518,042,20118,768,0833,074,067
Stock & work in progress
Trade Debtors12,23310,57018,39745,466232,57650,06232,077271,431154,3154,212
Group Debtors3,808,2177,093,9724,727,0504,435,5806,962,7502,056,516454,8483,337,02885,701
Misc Debtors378,195383,703211,455213,043283,184564,742637,321788,260917,986349,625330
Cash338,325226,4802,909,0395,173,7683472,450,332113,222900,6483,7102,069
misc current assets
total current assets4,536,9707,714,7257,865,9419,867,8577,478,8573,065,1362,839,1362,415,1874,413,039355,90686,031
total assets7,286,51110,687,63714,960,14417,563,90716,795,42619,213,14119,900,42120,457,38823,181,1223,429,97386,031
Bank overdraft9,985,567
Bank loan5,250,0001,000,0001,000,0001,000,0001,000,000750,000
Trade Creditors 2,9901709506,1827,68413,80511,45250,8979,73569,1284,944
Group/Directors Accounts2,366,491354,68797,8611,639,17630,82045,8539,162154,7022,906,876566,943344,510
other short term finances10,000,00010,000,00010,000,000
hp & lease commitments
other current liabilities284,431286,990285,745188,240183,681221,326138,852273,481362,74028,957
total current liabilities12,653,91215,891,84711,384,5562,833,5981,222,1851,280,984909,46610,464,6473,279,351665,028349,454
loans5,250,00016,250,00017,250,00018,250,00019,250,00010,000,00019,963,8952,940,417
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions82,87982,950158,815436,997407,985364,810365,203121,368
total long term liabilities5,332,87916,332,95017,408,81518,686,99719,657,98510,364,81020,329,0983,061,785
total liabilities12,653,91215,891,84716,717,43519,166,54818,631,00019,967,98120,567,45120,829,45723,608,4493,726,813349,454
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 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jan 2015Jan 2014
Operating Activities
Operating Profit365,022-4,273,503176,233488,784-854,059212,62010,013466,87815,851-18,481-334,221
Depreciation220,656508,990551,179552,037642,368935,161951,070947,115645,13861,057
Amortisation
Tax-21,8541,346,579-99,66842,108193,60316,90568,33317,08269,32018,82579,279
Stock
Debtors-3,280,2233,518,606229,663-2,818,6326,834,590-2,014,9921,180,626-2,854,9464,644,874313,91786,031
Creditors2,820-780-5,232-1,502-6,1212,353-39,44541,162-59,39364,1844,944
Accruals and Deferred Income-2,5591,24597,5054,559-37,64582,474-134,629-89,259333,78328,957
Deferred Taxes & Provisions-82,879-71-75,865-278,18229,01243,175-393243,835121,368
Cash flow from operations3,844,308-6,018,954490,2833,828,753-7,174,6263,293,517-282,1094,237,531-3,396,340-38,007-336,029
Investing Activities
capital expenditure12,0924,599,56417,5181,034,2716,159,95674,237-903-181,389-15,749,772-3,089,013
Change in Investments4
cash flow from investments12,0924,599,56417,5181,034,2716,159,95274,237-903-181,389-15,749,772-3,089,013
Financing Activities
Bank loans-5,250,0004,250,000250,000750,000
Group/Directors Accounts2,011,804256,826-1,541,3151,608,356-15,03336,691-145,540-2,752,1742,339,933222,433344,510
Other Short Term Loans 10,000,000
Long term loans-5,250,000-11,000,000-1,000,000-1,000,000-1,000,0009,250,000-9,963,89517,023,4782,940,417
Hire Purchase and Lease Commitments
other long term liabilities
share issue2-17,2491
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-3,744,555-1,263,169-2,772,530310,397-1,435,311-1,030,6449,481,153-13,144,77119,147,7533,129,089336,029
cash and cash equivalents
cash111,845-2,682,559-2,264,7295,173,421-2,449,9852,337,110-787,426896,9381,6412,069
overdraft-9,985,5679,985,567
change in cash111,845-2,682,559-2,264,7295,173,421-2,449,9852,337,1109,198,141-9,088,6291,6412,069

norse energy 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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Norse Energy Limited Competitor Analysis

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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.

NORSE ENERGY LIMITED Shareholders

norse group services limited 100%

norse energy limited directors

Norse Energy Limited currently has 1 director, Mr Nicholas Maddox serving since Nov 2022.

officercountryagestartendrole
Mr Nicholas MaddoxUnited Kingdom58 years Nov 2022- Director

P&L

March 2024

turnover

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 2024

net 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

NORFOLK COUNTY COUNCIL

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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