medway norse transport
medway norse transport Company Information
Company Number
08950887
Website
www.medway-norse.co.ukRegistered Address
280 fifers lane, norwich, norfolk, NR6 6EQ
Industry
Other passenger land transport n.e.c.
Telephone
01634283210
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
medway norse transport Estimated Valuation
Pomanda estimates the enterprise value of MEDWAY NORSE TRANSPORT at £344k based on a Turnover of £1.6m and 0.22x industry multiple (adjusted for size and gross margin).
medway norse transport Estimated Valuation
Pomanda estimates the enterprise value of MEDWAY NORSE TRANSPORT at £0 based on an EBITDA of £0 and a 2.01x industry multiple (adjusted for size and gross margin).
medway norse transport Estimated Valuation
Pomanda estimates the enterprise value of MEDWAY NORSE TRANSPORT at £0 based on Net Assets of £-561.9k and 2.09x industry multiple (adjusted for liquidity).
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Medway Norse Transport Overview
Medway Norse Transport is a live company located in norfolk, NR6 6EQ with a Companies House number of 08950887. It operates in the other passenger land transport sector, SIC Code 49390. Founded in March 2014, it's largest shareholder is unknown. Medway Norse Transport is a established, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.
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Medway Norse Transport Health Check
Pomanda's financial health check has awarded Medway Norse Transport a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £1.6m, make it larger than the average company (£611.8k)
£1.6m - Medway Norse Transport
£611.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (0.9%)
16% - Medway Norse Transport
0.9% - Industry AVG
Production
with a gross margin of 10.2%, this company has a higher cost of product (28.2%)
10.2% - Medway Norse Transport
28.2% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Medway Norse Transport
- - Industry AVG
Employees
with 75 employees, this is above the industry average (19)
75 - Medway Norse Transport
19 - Industry AVG
Pay Structure
on an average salary of £10.6k, the company has a lower pay structure (£18.5k)
£10.6k - Medway Norse Transport
£18.5k - Industry AVG
Efficiency
resulting in sales per employee of £21.3k, this is less efficient (£41k)
£21.3k - Medway Norse Transport
£41k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is later than average (21 days)
29 days - Medway Norse Transport
21 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (22 days)
14 days - Medway Norse Transport
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Medway Norse Transport
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is less cash available to meet short term requirements (105 weeks)
27 weeks - Medway Norse Transport
105 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 163.1%, this is a higher level of debt than the average (30.6%)
163.1% - Medway Norse Transport
30.6% - Industry AVG
medway norse transport Credit Report and Business Information
Medway Norse Transport Competitor Analysis
Perform a competitor analysis for medway norse transport by selecting its closest rivals and benchmarking them against 12 key performance metrics.
medway norse transport Ownership
MEDWAY NORSE TRANSPORT group structure
Medway Norse Transport has no subsidiary companies.
Ultimate parent company
MEDWAY NORSE TRANSPORT
08950887
medway norse transport directors
Medway Norse Transport currently has 4 directors. The longest serving directors include Ms Ruth Du-Lieu (Aug 2017) and Mr Andrew Mann (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Ruth Du-Lieu | United Kingdom | 57 years | Aug 2017 | - | Director |
| Mr Andrew Mann | United Kingdom | 57 years | Aug 2018 | - | Director |
| Mr Nicholas Maddox | United Kingdom | 58 years | Feb 2020 | - | Director |
| Mr Andrew Tansley | United Kingdom | 39 years | Feb 2023 | - | Director |
MEDWAY NORSE TRANSPORT financials
Medway Norse Transport's latest turnover from March 2023 is £1.6 million and the company has net assets of -£561.9 thousand. According to their latest financial statements, Medway Norse Transport has 75 employees and maintains cash reserves of £760.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,597,900 | 1,237,681 | 1,062,760 | 1,011,983 | 821,761 | 875,679 | 868,467 | 675,004 | 328,806 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,435,752 | 1,232,581 | 1,115,279 | 980,995 | 688,724 | 733,273 | 691,936 | 579,769 | 312,370 |
| Gross Profit | 162,148 | 5,100 | -52,519 | 30,988 | 133,037 | 142,406 | 176,531 | 95,235 | 16,436 |
| Admin Expenses | 162,148 | 127,192 | 139,687 | 165,703 | 139,015 | 168,979 | 182,668 | 131,013 | 55,280 |
| Operating Profit | 0 | -122,092 | -192,206 | -134,715 | -5,978 | -26,573 | -6,137 | -35,778 | -38,844 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 0 | -122,092 | -192,206 | -134,715 | -5,978 | -26,573 | -6,137 | -35,778 | -38,844 |
| Tax | -83 | 458 | -213 | 64 | -33 | 182 | 0 | 0 | 0 |
| Profit After Tax | -83 | -121,634 | -192,419 | -134,651 | -6,011 | -26,391 | -6,137 | -35,778 | -38,844 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -83 | -121,634 | -192,419 | -134,651 | -6,011 | -26,391 | -6,137 | -35,778 | -38,844 |
| Employee Costs | 797,747 | 780,997 | 761,938 | 638,504 | 487,670 | 522,382 | 483,765 | 395,691 | 202,944 |
| Number Of Employees | 75 | 78 | 88 | 71 | 58 | 63 | 59 | 40 | 27 |
| EBITDA* | 0 | -122,092 | -192,206 | -134,715 | -5,978 | -26,573 | -6,137 | -35,778 | -38,844 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 128,892 | 98,940 | 53 | 237,157 | 164,587 | 470,388 | 202,947 | 69,284 | 41,042 |
| Group Debtors | 0 | 0 | 0 | 393,249 | 850,350 | 799,950 | 904,173 | 370,412 | 0 |
| Misc Debtors | 375 | 458 | 0 | 323 | 149 | 265 | 756 | 205 | 5 |
| Cash | 760,799 | 312,674 | 0 | 0 | 152,297 | 428 | 1,113 | 108 | 2,788 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 7,973 | 6,138 | 0 | 0 |
| total current assets | 890,066 | 412,072 | 53 | 630,729 | 1,167,383 | 1,279,004 | 1,115,127 | 440,009 | 43,835 |
| total assets | 890,066 | 412,072 | 53 | 630,729 | 1,167,383 | 1,279,004 | 1,115,127 | 440,009 | 43,835 |
| Bank overdraft | 0 | 0 | 0 | 786,552 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 57,736 | 50,432 | 11,229 | 7,062 | 12,464 | 18,965 | 16,157 | 10,337 | 13,257 |
| Group/Directors Accounts | 1,393,721 | 923,274 | 428,823 | 0 | 0 | 0 | 0 | 504,063 | 69,422 |
| 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 | 557 | 231 | 232 | 84,927 | 1,268,080 | 1,367,189 | 1,179,729 | 231 | 0 |
| total current liabilities | 1,452,014 | 973,937 | 440,284 | 878,541 | 1,280,544 | 1,386,154 | 1,195,886 | 514,631 | 82,679 |
| loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,452,014 | 973,937 | 440,284 | 878,541 | 1,280,544 | 1,386,154 | 1,195,886 | 514,631 | 82,679 |
| net assets | -561,948 | -561,865 | -440,231 | -247,812 | -113,161 | -107,150 | -80,759 | -74,622 | -38,844 |
| total shareholders funds | -561,948 | -561,865 | -440,231 | -247,812 | -113,161 | -107,150 | -80,759 | -74,622 | -38,844 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 0 | -122,092 | -192,206 | -134,715 | -5,978 | -26,573 | -6,137 | -35,778 | -38,844 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -83 | 458 | -213 | 64 | -33 | 182 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 29,869 | 99,345 | -630,676 | -384,357 | -255,517 | 162,727 | 667,975 | 398,854 | 41,047 |
| Creditors | 7,304 | 39,203 | 4,167 | -5,402 | -6,501 | 2,808 | 5,820 | -2,920 | 13,257 |
| Accruals and Deferred Income | 326 | -1 | -84,695 | -1,183,153 | -99,109 | 187,460 | 1,179,498 | 231 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -22,322 | -181,777 | 357,729 | -938,849 | 143,896 | 1,150 | 511,206 | -437,321 | -66,634 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 470,447 | 494,451 | 428,823 | 0 | 0 | 0 | -504,063 | 434,641 | 69,422 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 470,447 | 494,451 | 428,823 | 0 | 0 | 0 | -504,063 | 434,641 | 69,422 |
| cash and cash equivalents | |||||||||
| cash | 448,125 | 312,674 | 0 | -152,297 | 151,869 | -685 | 1,005 | -2,680 | 2,788 |
| overdraft | 0 | 0 | -786,552 | 786,552 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 448,125 | 312,674 | 786,552 | -938,849 | 151,869 | -685 | 1,005 | -2,680 | 2,788 |
P&L
March 2023turnover
1.6m
+29%
operating profit
0
-100%
gross margin
10.2%
+2362.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-561.9k
0%
total assets
890.1k
+1.16%
cash
760.8k
+1.43%
net assets
Total assets minus all liabilities
Similar Companies
medway norse transport company details
company number
08950887
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
49390 - Other passenger land transport n.e.c.
incorporation date
March 2014
age
10
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
280 fifers lane, norwich, norfolk, NR6 6EQ
last accounts submitted
March 2023
medway norse transport 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 medway norse transport.
medway norse transport Companies House Filings - See Documents
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