norwich finance limited
norwich finance limited Company Information
Company Number
08924492
Website
norwichcarfinance.co.ukRegistered Address
floor 4 25-27 surrey street, norwich, norfolk, NR1 3NX
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
441158373535
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
winterton capital ltd 80%
robert edward udy 20%
norwich finance limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH FINANCE LIMITED at £19.7m based on a Turnover of £11.2m and 1.75x industry multiple (adjusted for size and gross margin).
norwich finance limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH FINANCE LIMITED at £1.7m based on an EBITDA of £249k and a 6.77x industry multiple (adjusted for size and gross margin).
norwich finance limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH FINANCE LIMITED at £92.9k based on Net Assets of £46.3k and 2.01x industry multiple (adjusted for liquidity).
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Norwich Finance Limited Overview
Norwich Finance Limited is a live company located in norfolk, NR1 3NX with a Companies House number of 08924492. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2014, it's largest shareholder is winterton capital ltd with a 80% stake. Norwich Finance Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.2m with rapid growth in recent years.
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Norwich Finance Limited Health Check
Pomanda's financial health check has awarded Norwich Finance Limited a 3 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
2 Regular
5 Weak
Size
annual sales of £11.2m, make it larger than the average company (£4.4m)
- Norwich Finance Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 230%, show it is growing at a faster rate (4.2%)
- Norwich Finance Limited
4.2% - Industry AVG
Production
with a gross margin of 61%, this company has a comparable cost of product (61%)
- Norwich Finance Limited
61% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (10.4%)
- Norwich Finance Limited
10.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Norwich Finance Limited
14 - Industry AVG
Pay Structure
on an average salary of £75.9k, the company has an equivalent pay structure (£75.9k)
- Norwich Finance Limited
£75.9k - Industry AVG
Efficiency
resulting in sales per employee of £5.6m, this is more efficient (£211.3k)
- Norwich Finance Limited
£211.3k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (31 days)
- Norwich Finance Limited
31 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Norwich Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Norwich Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (37 weeks)
1 weeks - Norwich Finance Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (57.6%)
99.7% - Norwich Finance Limited
57.6% - Industry AVG
NORWICH FINANCE LIMITED financials
Norwich Finance Limited's latest turnover from September 2023 is estimated at £11.2 million and the company has net assets of £46.3 thousand. According to their latest financial statements, Norwich Finance Limited has 2 employees and maintains cash reserves of £269.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 11,732,620 | 9,450,164 | 7,173,454 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,732,622 | 9,450,166 | 7,173,456 | 2 | 1 | 1 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,085,450 | 1,784,130 | 1,426,546 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 43,987 | 17,250 | 1,750 | 0 | 0 |
| Misc Debtors | 413,363 | 436,112 | 308,831 | 9,010,680 | 7,145,850 | 4,338,935 | 2,648,425 | 2,365,960 | 613,866 |
| Cash | 269,432 | 336,303 | 40,866 | 34,023 | 44,739 | 56,650 | 28,617 | 46,379 | 14 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,768,245 | 2,556,545 | 1,776,243 | 9,044,703 | 7,234,576 | 4,412,835 | 2,678,792 | 2,412,339 | 613,880 |
| total assets | 14,500,867 | 12,006,711 | 8,949,699 | 9,044,705 | 7,234,577 | 4,412,836 | 2,678,792 | 2,412,339 | 613,880 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 4,540 | 2,532 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 11,297,789 | 9,558,693 | 6,484,625 | 8,989,304 | 7,178,438 | 4,379,252 | 2,668,304 | 2,396,215 | 610,821 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 756,769 | 1,790 | 14,406 | 6,821 | 10,172 | 5,704 | 9,771 | 22,485 | 2,355 |
| total current liabilities | 12,054,558 | 9,560,483 | 6,503,571 | 8,998,657 | 7,188,610 | 4,384,956 | 2,678,075 | 2,418,700 | 613,176 |
| loans | 2,400,000 | 2,400,000 | 2,400,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,400,000 | 2,400,000 | 2,400,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 14,454,558 | 11,960,483 | 8,903,571 | 8,998,657 | 7,188,610 | 4,384,956 | 2,678,075 | 2,418,700 | 613,176 |
| net assets | 46,309 | 46,228 | 46,128 | 46,048 | 45,967 | 27,880 | 717 | -6,361 | 704 |
| total shareholders funds | 46,309 | 46,228 | 46,128 | 46,048 | 45,967 | 27,880 | 717 | -6,361 | 704 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,561,027 | 2,761,575 | -101,849 | 1,820,843 | 2,833,652 | 1,706,010 | 284,215 | 1,752,094 | 613,866 |
| Creditors | 0 | -4,540 | 2,008 | 2,532 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 754,979 | -12,616 | 7,585 | -3,351 | 4,468 | -4,067 | -12,714 | 20,130 | 2,355 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,739,096 | 3,074,068 | -2,504,679 | 1,810,866 | 2,799,186 | 1,710,948 | 272,089 | 1,785,394 | 610,821 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 2,400,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -66,871 | 295,437 | 6,843 | -10,716 | -11,911 | 28,033 | -17,762 | 46,365 | 14 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -66,871 | 295,437 | 6,843 | -10,716 | -11,911 | 28,033 | -17,762 | 46,365 | 14 |
norwich finance limited Credit Report and Business Information
Norwich Finance Limited Competitor Analysis
Perform a competitor analysis for norwich finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in NR1 area or any other competitors across 12 key performance metrics.
norwich finance limited Ownership
NORWICH FINANCE LIMITED group structure
Norwich Finance Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
NORWICH FINANCE LIMITED
08924492
2 subsidiaries
norwich finance limited directors
Norwich Finance Limited currently has 2 directors. The longest serving directors include Mr Justin Dewinter (Aug 2014) and Mr Robert Udy (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Dewinter | 57 years | Aug 2014 | - | Director | |
| Mr Robert Udy | 53 years | Sep 2015 | - | Director |
P&L
September 2023turnover
11.2m
+12%
operating profit
249k
0%
gross margin
61%
-2.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
46.3k
0%
total assets
14.5m
+0.21%
cash
269.4k
-0.2%
net assets
Total assets minus all liabilities
norwich finance limited company details
company number
08924492
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2023
previous names
N/A
accountant
LARKING GOWEN LLP
auditor
-
address
floor 4 25-27 surrey street, norwich, norfolk, NR1 3NX
Bank
-
Legal Advisor
-
norwich finance 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 3 charges/mortgages relating to norwich finance limited. Currently there are 2 open charges and 1 have been satisfied in the past.
norwich finance limited Companies House Filings - See Documents
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