norfolk museums development foundation
norfolk museums development foundation Company Information
Company Number
09027498
Next Accounts
20 days late
Industry
Museum activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
shire hall market avenue, norwich, norfolk, NR1 3JQ
Website
www.adoptanobject.co.uknorfolk museums development foundation Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK MUSEUMS DEVELOPMENT FOUNDATION at £435.1k based on a Turnover of £536.9k and 0.81x industry multiple (adjusted for size and gross margin).
norfolk museums development foundation Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK MUSEUMS DEVELOPMENT FOUNDATION at £3.6m based on an EBITDA of £398.8k and a 9.1x industry multiple (adjusted for size and gross margin).
norfolk museums development foundation Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK MUSEUMS DEVELOPMENT FOUNDATION at £2.6m based on Net Assets of £1.4m and 1.87x industry multiple (adjusted for liquidity).
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Norfolk Museums Development Foundation Overview
Norfolk Museums Development Foundation is a live company located in norfolk, NR1 3JQ with a Companies House number of 09027498. It operates in the museums activities sector, SIC Code 91020. Founded in May 2014, it's largest shareholder is unknown. Norfolk Museums Development Foundation is a established, small sized company, Pomanda has estimated its turnover at £536.9k with rapid growth in recent years.
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Norfolk Museums Development Foundation Health Check
Pomanda's financial health check has awarded Norfolk Museums Development Foundation a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
1 Weak
Size
annual sales of £536.9k, make it larger than the average company (£360.3k)
£536.9k - Norfolk Museums Development Foundation
£360.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (2.6%)
68% - Norfolk Museums Development Foundation
2.6% - Industry AVG
Production
with a gross margin of 57%, this company has a comparable cost of product (57%)
57% - Norfolk Museums Development Foundation
57% - Industry AVG
Profitability
an operating margin of 74.3% make it more profitable than the average company (16%)
74.3% - Norfolk Museums Development Foundation
16% - Industry AVG
Employees
with 11 employees, this is similar to the industry average (10)
- Norfolk Museums Development Foundation
10 - Industry AVG
Pay Structure
on an average salary of £19.3k, the company has an equivalent pay structure (£19.3k)
- Norfolk Museums Development Foundation
£19.3k - Industry AVG
Efficiency
resulting in sales per employee of £48.8k, this is equally as efficient (£51.2k)
- Norfolk Museums Development Foundation
£51.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Norfolk Museums Development Foundation
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (25 days)
0 days - Norfolk Museums Development Foundation
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Norfolk Museums Development Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9835 weeks, this is more cash available to meet short term requirements (233 weeks)
9835 weeks - Norfolk Museums Development Foundation
233 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.1%, this is a lower level of debt than the average (5.7%)
0.1% - Norfolk Museums Development Foundation
5.7% - Industry AVG
NORFOLK MUSEUMS DEVELOPMENT FOUNDATION financials
Norfolk Museums Development Foundation's latest turnover from March 2023 is £536.9 thousand and the company has net assets of £1.4 million. According to their latest financial statements, we estimate that Norfolk Museums Development Foundation has 11 employees and maintains cash reserves of £253.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 536,870 | 1,416 | 18,447 | 112,729 | 735,944 | 626,985 | 108,050 | 25,595 | |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 335,166 | -502,060 | 16,605 | 95,551 | 711,028 | 612,099 | 84,111 | 23,435 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 335,166 | -502,060 | 16,605 | 95,551 | 711,028 | 612,099 | 84,111 | 23,435 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 335,166 | -502,060 | 16,605 | 95,551 | 711,028 | 612,099 | 84,111 | 23,435 | |
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 600,000 | 600,000 | 0 | 0 | 600,000 | 600,000 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 600,000 | 600,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 534,599 | 0 | 0 | 65,000 | 815,000 | 0 | 0 | 7,000 | 0 |
| Cash | 253,086 | 454,217 | 955,077 | 873,616 | 230,081 | 132,295 | 118,006 | 26,860 | 10,412 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 787,685 | 454,217 | 955,077 | 938,616 | 1,045,081 | 132,295 | 118,006 | 33,860 | 10,412 |
| total assets | 1,387,685 | 1,054,217 | 1,555,077 | 1,538,616 | 1,645,081 | 732,295 | 118,006 | 33,860 | 10,412 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18 | 1,818 | 0 | 0 | 1,980 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 1,320 | 1,218 | 1,836 | 1,980 | 2,016 | 2,238 | 48 | 13 | 0 |
| total current liabilities | 1,338 | 3,036 | 1,836 | 1,980 | 3,996 | 2,238 | 48 | 13 | 0 |
| 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 | 1,338 | 3,036 | 1,836 | 1,980 | 3,996 | 2,238 | 48 | 13 | 0 |
| net assets | 1,386,347 | 1,051,181 | 1,553,241 | 1,536,636 | 1,641,085 | 730,057 | 117,958 | 33,847 | 10,412 |
| total shareholders funds | 1,386,347 | 1,051,181 | 1,553,241 | 1,536,636 | 1,641,085 | 730,057 | 117,958 | 33,847 | 10,412 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | May 2016 | May 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 534,599 | 0 | -65,000 | -750,000 | 815,000 | 0 | -7,000 | 7,000 | 0 |
| Creditors | -1,800 | 1,818 | 0 | -1,980 | 1,980 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 102 | -618 | -144 | -36 | -222 | 2,190 | 35 | 13 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | -600,000 | 0 | 600,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | |
| cash flow from financing | 0 | 0 | 0 | -200,000 | 200,000 | 0 | 0 | 0 | |
| cash and cash equivalents | |||||||||
| cash | -201,131 | -500,860 | 81,461 | 643,535 | 97,786 | 14,289 | 91,146 | 16,448 | 10,412 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -201,131 | -500,860 | 81,461 | 643,535 | 97,786 | 14,289 | 91,146 | 16,448 | 10,412 |
norfolk museums development foundation Credit Report and Business Information
Norfolk Museums Development Foundation Competitor Analysis
Perform a competitor analysis for norfolk museums development foundation by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in NR1 area or any other competitors across 12 key performance metrics.
norfolk museums development foundation Ownership
NORFOLK MUSEUMS DEVELOPMENT FOUNDATION group structure
Norfolk Museums Development Foundation has no subsidiary companies.
Ultimate parent company
NORFOLK MUSEUMS DEVELOPMENT FOUNDATION
09027498
norfolk museums development foundation directors
Norfolk Museums Development Foundation currently has 11 directors. The longest serving directors include Councillor John Ward (May 2014) and Mr Brian Horner (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Councillor John Ward | United Kingdom | 76 years | May 2014 | - | Director |
| Mr Brian Horner | England | 73 years | Nov 2014 | - | Director |
| Mrs Donna Chessum | Great Britain | 59 years | Nov 2014 | - | Director |
| Mrs Caroline Williams | 72 years | Nov 2014 | - | Director | |
| Mrs Helen Wilson | England | 78 years | Nov 2014 | - | Director |
| Mr Richard Jeffries | England | 67 years | Nov 2014 | - | Director |
| Mr David Missen | United Kingdom | 67 years | Nov 2014 | - | Director |
| Mr Tim Sweeting | 48 years | Nov 2014 | - | Director | |
| Ms Sarah Steed | United Kingdom | 57 years | Nov 2014 | - | Director |
| Mrs Margaret Dewsbury | 74 years | Sep 2018 | - | Director |
P&L
March 2023turnover
536.9k
+37815%
operating profit
398.8k
0%
gross margin
57.1%
+7.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.4m
+0.32%
total assets
1.4m
+0.32%
cash
253.1k
-0.44%
net assets
Total assets minus all liabilities
norfolk museums development foundation company details
company number
09027498
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
91020 - Museum activities
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
MA PARTNERS AUDIT LLP
address
shire hall market avenue, norwich, norfolk, NR1 3JQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
norfolk museums development foundation 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 norfolk museums development foundation.
norfolk museums development foundation 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.
Click to start generating capital raising & share issue transactions for NORFOLK MUSEUMS DEVELOPMENT FOUNDATION. This can take several minutes, an email will notify you when this has completed.
norfolk museums development foundation Companies House Filings - See Documents
| date | description | view/download |
|---|
