newport norse limited
newport norse limited Company Information
Company Number
08915343
Next Accounts
Dec 2025
Shareholders
norse commercial services ltd
newport city council
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
280 fifers lane, norwich, norfolk, NR6 6EQ
Website
http://newportnorse.co.uknewport norse limited Estimated Valuation
Pomanda estimates the enterprise value of NEWPORT NORSE LIMITED at £23.7m based on a Turnover of £29m and 0.82x industry multiple (adjusted for size and gross margin).
newport norse limited Estimated Valuation
Pomanda estimates the enterprise value of NEWPORT NORSE LIMITED at £4.3m based on an EBITDA of £892.8k and a 4.87x industry multiple (adjusted for size and gross margin).
newport norse limited Estimated Valuation
Pomanda estimates the enterprise value of NEWPORT NORSE LIMITED at £8.6m based on Net Assets of £3.6m and 2.41x industry multiple (adjusted for liquidity).
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Newport Norse Limited Overview
Newport Norse Limited is a live company located in norfolk, NR6 6EQ with a Companies House number of 08915343. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in February 2014, it's largest shareholder is norse commercial services ltd with a 80% stake. Newport Norse Limited is a established, large sized company, Pomanda has estimated its turnover at £29m with high growth in recent years.
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Newport Norse Limited Health Check
Pomanda's financial health check has awarded Newport Norse Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £29m, make it larger than the average company (£840.3k)
£29m - Newport Norse Limited
£840.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8.2%)
24% - Newport Norse Limited
8.2% - Industry AVG
Production
with a gross margin of 12.7%, this company has a higher cost of product (39.8%)
12.7% - Newport Norse Limited
39.8% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (5.7%)
2.6% - Newport Norse Limited
5.7% - Industry AVG
Employees
with 293 employees, this is above the industry average (14)
293 - Newport Norse Limited
14 - Industry AVG
Pay Structure
on an average salary of £24.9k, the company has an equivalent pay structure (£29k)
£24.9k - Newport Norse Limited
£29k - Industry AVG
Efficiency
resulting in sales per employee of £99k, this is more efficient (£72.6k)
£99k - Newport Norse Limited
£72.6k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (27 days)
11 days - Newport Norse Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (37 days)
35 days - Newport Norse Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (32 days)
0 days - Newport Norse Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (58 weeks)
26 weeks - Newport Norse Limited
58 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.4%, this is a higher level of debt than the average (37.4%)
75.4% - Newport Norse Limited
37.4% - Industry AVG
NEWPORT NORSE LIMITED financials
Newport Norse Limited's latest turnover from March 2024 is £29 million and the company has net assets of £3.6 million. According to their latest financial statements, Newport Norse Limited has 293 employees and maintains cash reserves of £5.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,002,492 | 23,712,100 | 16,695,761 | 15,049,718 | 14,779,471 | 12,490,710 | 10,282,234 | 10,621,933 | 11,538,236 | 4,067,150 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 25,316,071 | 20,070,035 | 13,423,958 | 12,008,714 | 12,231,443 | 10,582,372 | 8,398,624 | 8,975,184 | 9,502,761 | 2,926,722 |
| Gross Profit | 3,686,421 | 3,642,065 | 3,271,803 | 3,041,004 | 2,548,028 | 1,908,338 | 1,883,610 | 1,646,749 | 2,035,475 | 1,140,428 |
| Admin Expenses | 2,931,650 | 2,777,992 | 2,441,110 | 2,134,074 | 1,744,350 | 1,530,453 | 1,466,017 | 1,424,978 | 1,680,299 | 929,873 |
| Operating Profit | 754,771 | 864,073 | 830,693 | 906,930 | 803,678 | 377,885 | 417,593 | 221,771 | 355,176 | 210,555 |
| Interest Payable | 19,701 | 8,823 | 15,155 | 4,080 | 480 | |||||
| Interest Receivable | 168 | |||||||||
| Pre-Tax Profit | 735,070 | 855,250 | 815,538 | 903,018 | 1,191,678 | 377,885 | 417,593 | 221,771 | 355,176 | 210,555 |
| Tax | -180,610 | -144,634 | -150,658 | -171,033 | -147,081 | -73,385 | -76,809 | -59,111 | -68,919 | -44,675 |
| Profit After Tax | 554,460 | 710,616 | 664,880 | 731,985 | 1,044,597 | 304,500 | 340,784 | 162,660 | 286,257 | 165,880 |
| Dividends Paid | 1,400,000 | |||||||||
| Retained Profit | 554,460 | 710,616 | -735,120 | 731,985 | 1,044,597 | 304,500 | 340,784 | 162,660 | 286,257 | 165,880 |
| Employee Costs | 7,307,518 | 6,526,328 | 5,933,979 | 5,917,241 | 5,420,768 | 3,875,588 | 3,897,395 | 3,410,349 | 3,629,405 | 1,382,010 |
| Number Of Employees | 293 | 278 | 273 | 277 | 280 | 249 | 238 | 219 | 196 | 173 |
| EBITDA* | 892,799 | 965,479 | 939,310 | 1,007,485 | 830,937 | 410,122 | 444,799 | 245,618 | 378,121 | 218,086 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 103,024 | 137,819 | 488,116 | 578,185 | 417,124 | 47,380 | 57,178 | 76,025 | 77,787 | 64,982 |
| Intangible Assets | 355,528 | 263,964 | ||||||||
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Debtors (Due After 1 year) | 87,855 | 70,697 | 68,428 | 76,682 | ||||||
| Total Fixed Assets | 546,408 | 472,481 | 556,545 | 654,868 | 417,124 | 47,380 | 76,026 | 77,788 | 64,983 | |
| Stock & work in progress | 1,022 | 106,824 | 222,825 | 187,704 | 363,514 | 94,457 | 198,163 | 343,143 | 364,099 | |
| Trade Debtors | 895,400 | 3,629,086 | 1,203,432 | 1,736,057 | 2,563,969 | 1,948,254 | 1,266,112 | 766,182 | 690,983 | 771,477 |
| Group Debtors | 5,740,597 | 2,073,907 | 24,863 | 4,064,027 | 3,124,422 | 1,809,771 | 1,360,012 | 385,622 | 639,761 | 52,827 |
| Misc Debtors | 1,892,682 | 1,827,365 | 572,006 | 1,000,812 | 899,639 | 158,544 | 82,743 | 319,452 | 56,723 | 59,229 |
| Cash | 5,417,612 | 604,931 | 5,886,206 | 212,268 | 52,519 | 4,659 | 19,707 | 16,306 | ||
| misc current assets | ||||||||||
| total current assets | 13,947,313 | 8,242,113 | 7,909,332 | 7,200,868 | 7,004,063 | 4,011,026 | 2,758,969 | 1,674,078 | 1,750,317 | 1,263,938 |
| total assets | 14,493,721 | 8,714,594 | 8,465,877 | 7,855,736 | 7,421,187 | 4,058,406 | 2,758,969 | 1,750,104 | 1,828,105 | 1,328,921 |
| Bank overdraft | 106,896 | 5,271 | ||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,478,026 | 140,499 | 346,480 | 1,232,142 | 410,305 | 314,518 | 95,965 | 188,627 | 2,736 | 105,931 |
| Group/Directors Accounts | 91,278 | 37,068 | 1,901,892 | 1,876 | 410,353 | 300,149 | 42,150 | |||
| other short term finances | ||||||||||
| hp & lease commitments | 54,318 | 31,616 | 29,750 | 27,885 | ||||||
| other current liabilities | 7,843,503 | 5,149,031 | 3,572,040 | 3,213,248 | 4,332,632 | 2,376,901 | 2,699,335 | 646,521 | 1,373,222 | 1,009,679 |
| total current liabilities | 10,467,125 | 5,358,214 | 5,850,162 | 4,475,151 | 4,742,937 | 2,798,315 | 1,860,556 | 1,135,297 | 1,375,958 | 1,163,031 |
| loans | 747,124 | |||||||||
| hp & lease commitments | 380,575 | 282,546 | 314,162 | 343,912 | 373,562 | |||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 79,392 | 61,665 | ||||||||
| total long term liabilities | 459,967 | 344,211 | 314,162 | 343,912 | 373,562 | |||||
| total liabilities | 10,927,092 | 5,702,425 | 6,164,324 | 4,819,063 | 5,116,499 | 2,798,315 | 1,860,556 | 1,135,297 | 1,375,958 | 1,163,031 |
| net assets | 3,566,629 | 3,012,169 | 2,301,553 | 3,036,673 | 2,304,688 | 1,260,091 | 898,413 | 614,807 | 452,147 | 165,890 |
| total shareholders funds | 3,566,629 | 3,012,169 | 2,301,553 | 3,036,673 | 2,304,688 | 1,260,091 | 955,591 | 614,807 | 452,147 | 165,890 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 754,771 | 864,073 | 830,693 | 906,930 | 803,678 | 377,885 | 417,593 | 221,771 | 355,176 | 210,555 |
| Depreciation | 66,616 | 101,406 | 108,617 | 100,555 | 27,259 | 32,237 | 27,206 | 23,847 | 22,945 | 7,531 |
| Amortisation | 71,412 | |||||||||
| Tax | -180,610 | -144,634 | -150,658 | -171,033 | -147,081 | -73,385 | -76,809 | -59,111 | -68,919 | -44,675 |
| Stock | -105,802 | -116,001 | 35,121 | -175,810 | 269,057 | 94,457 | -198,163 | -144,980 | -20,956 | 364,099 |
| Debtors | 1,015,479 | 5,732,326 | -5,008,849 | 289,548 | 2,671,461 | 3,916,569 | -1,471,256 | 83,789 | 503,934 | 883,533 |
| Creditors | 2,337,527 | -205,981 | -885,662 | 821,837 | 95,787 | 218,553 | -92,662 | 185,891 | -103,195 | 105,931 |
| Accruals and Deferred Income | 2,694,472 | 1,576,991 | 358,792 | -1,119,384 | 1,955,731 | -322,434 | 2,052,814 | -726,701 | 363,543 | 1,009,679 |
| Deferred Taxes & Provisions | 17,727 | 61,665 | ||||||||
| Cash flow from operations | 4,852,238 | -3,362,805 | 5,235,510 | 425,167 | -205,144 | -3,778,170 | 3,997,561 | -293,112 | 86,572 | 41,389 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 1 | -1 | 1 | |||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | 54,210 | -1,864,824 | 1,900,016 | 1,876 | -410,353 | 110,204 | 300,149 | -42,150 | 42,150 | |
| Other Short Term Loans | ||||||||||
| Long term loans | -747,124 | 747,124 | ||||||||
| Hire Purchase and Lease Commitments | 120,731 | -29,750 | -27,885 | -1,765 | 373,562 | |||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -19,701 | -8,823 | -15,155 | -3,912 | -480 | |||||
| cash flow from financing | 155,240 | -1,903,397 | 1,856,976 | -750,925 | 1,120,206 | -410,353 | 110,204 | 300,149 | -42,150 | 42,160 |
| cash and cash equivalents | ||||||||||
| cash | 4,812,681 | -5,281,275 | 5,673,938 | 159,749 | 52,519 | -4,659 | -15,048 | 3,401 | 16,306 | |
| overdraft | -106,896 | 106,896 | -5,271 | 5,271 | ||||||
| change in cash | 4,812,681 | -5,281,275 | 5,673,938 | 159,749 | 159,415 | -106,896 | -4,659 | -15,048 | 8,672 | 11,035 |
newport norse limited Credit Report and Business Information
Newport Norse Limited Competitor Analysis
Perform a competitor analysis for newport norse limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in NR6 area or any other competitors across 12 key performance metrics.
newport norse limited Ownership
NEWPORT NORSE LIMITED group structure
Newport Norse Limited has 1 subsidiary company.
Ultimate parent company
NORFOLK COUNTY COUNCIL
#0015836
2 parents
NEWPORT NORSE LIMITED
08915343
1 subsidiary
newport norse limited directors
Newport Norse Limited currently has 5 directors. The longest serving directors include Mr Lyndon Watkins (Jul 2014) and Mr Nicholas Maddox (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lyndon Watkins | United Kingdom | 60 years | Jul 2014 | - | Director |
| Mr Nicholas Maddox | United Kingdom | 58 years | Feb 2020 | - | Director |
| Mr Justin Galliford | United Kingdom | 46 years | Jun 2021 | - | Director |
| Mr Rhys Cornwall | United Kingdom | 53 years | Jan 2022 | - | Director |
| Mrs Deborah Davies | 61 years | Aug 2023 | - | Director |
P&L
March 2024turnover
29m
+22%
operating profit
754.8k
-13%
gross margin
12.8%
-17.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.6m
+0.18%
total assets
14.5m
+0.66%
cash
5.4m
+7.96%
net assets
Total assets minus all liabilities
Similar Companies
newport norse limited company details
company number
08915343
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
280 fifers lane, norwich, norfolk, NR6 6EQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
newport norse 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 newport norse limited.
newport norse limited Capital Raised & Share Issues BETA
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newport norse limited Companies House Filings - See Documents
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