norwest foods international group limited
norwest foods international group limited Company Information
Company Number
09214358
Next Accounts
Jul 2025
Shareholders
simon rowe
karen rowe
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
3 haig court haig road, knutsford, cheshire, WA16 8XZ
Website
www.norwest-foods.comnorwest foods international group limited Estimated Valuation
Pomanda estimates the enterprise value of NORWEST FOODS INTERNATIONAL GROUP LIMITED at £133.8m based on a Turnover of £208.8m and 0.64x industry multiple (adjusted for size and gross margin).
norwest foods international group limited Estimated Valuation
Pomanda estimates the enterprise value of NORWEST FOODS INTERNATIONAL GROUP LIMITED at £25.3m based on an EBITDA of £5.1m and a 4.92x industry multiple (adjusted for size and gross margin).
norwest foods international group limited Estimated Valuation
Pomanda estimates the enterprise value of NORWEST FOODS INTERNATIONAL GROUP LIMITED at £30.8m based on Net Assets of £14.4m and 2.14x industry multiple (adjusted for liquidity).
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Norwest Foods International Group Limited Overview
Norwest Foods International Group Limited is a live company located in cheshire, WA16 8XZ with a Companies House number of 09214358. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 2014, it's largest shareholder is simon rowe with a 79.1% stake. Norwest Foods International Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £208.8m with high growth in recent years.
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Norwest Foods International Group Limited Health Check
Pomanda's financial health check has awarded Norwest Foods International Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £208.8m, make it larger than the average company (£20m)
£208.8m - Norwest Foods International Group Limited
£20m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.1%)
17% - Norwest Foods International Group Limited
6.1% - Industry AVG
Production
with a gross margin of 4.8%, this company has a higher cost of product (33%)
4.8% - Norwest Foods International Group Limited
33% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (5.7%)
2.4% - Norwest Foods International Group Limited
5.7% - Industry AVG
Employees
with 24 employees, this is below the industry average (110)
24 - Norwest Foods International Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £101.2k, the company has a higher pay structure (£47.5k)
£101.2k - Norwest Foods International Group Limited
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £8.7m, this is more efficient (£197.9k)
£8.7m - Norwest Foods International Group Limited
£197.9k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (45 days)
33 days - Norwest Foods International Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (43 days)
33 days - Norwest Foods International Group Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (49 days)
3 days - Norwest Foods International Group Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (16 weeks)
32 weeks - Norwest Foods International Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.4%, this is a higher level of debt than the average (55.8%)
61.4% - Norwest Foods International Group Limited
55.8% - Industry AVG
NORWEST FOODS INTERNATIONAL GROUP LIMITED financials
Norwest Foods International Group Limited's latest turnover from October 2023 is £208.8 million and the company has net assets of £14.4 million. According to their latest financial statements, Norwest Foods International Group Limited has 24 employees and maintains cash reserves of £14.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 208,796,516 | 207,041,608 | 143,753,703 | 131,568,261 | 124,504,300 | 103,562,370 | 102,702,375 | 72,977,454 | 50,812,039 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 198,739,806 | 194,027,703 | 137,024,728 | 124,631,469 | 119,478,622 | 98,600,095 | 98,579,433 | 69,135,912 | 48,726,632 |
| Gross Profit | 10,056,710 | 13,013,905 | 6,728,975 | 6,936,792 | 5,025,678 | 4,962,275 | 4,122,942 | 3,841,542 | 2,085,407 |
| Admin Expenses | 5,124,888 | 6,143,550 | 3,759,824 | 4,312,313 | 2,762,899 | 2,796,720 | 2,272,051 | 2,196,062 | 1,431,935 |
| Operating Profit | 4,931,822 | 6,870,355 | 2,969,151 | 2,624,479 | 2,262,779 | 2,165,555 | 1,850,891 | 1,645,480 | 653,472 |
| Interest Payable | 125,576 | 54,248 | 3,098 | 0 | 0 | 6,870 | 18 | 315 | 338 |
| Interest Receivable | 134,030 | 4,809 | 583 | 1,839 | 9,263 | 6,612 | 5,578 | 8,142 | 4,726 |
| Pre-Tax Profit | 4,940,276 | 6,820,916 | 2,966,636 | 2,626,318 | 2,272,042 | 2,165,297 | 1,856,451 | 1,653,307 | 657,860 |
| Tax | -1,063,891 | -1,447,966 | -591,767 | -550,244 | -479,657 | -447,812 | -395,290 | -365,577 | -159,242 |
| Profit After Tax | 3,876,385 | 5,372,950 | 2,374,869 | 2,076,074 | 1,792,385 | 1,717,485 | 1,461,161 | 1,287,730 | 498,618 |
| Dividends Paid | 440,000 | 220,000 | 294,344 | 330,000 | 240,000 | 615,209 | 159,938 | 132,934 | 168,938 |
| Retained Profit | 3,436,385 | 5,152,950 | 2,080,525 | 1,746,074 | 1,552,385 | 1,102,276 | 1,301,223 | 1,154,796 | 329,680 |
| Employee Costs | 2,428,680 | 3,014,563 | 993,817 | 1,208,221 | 736,556 | 715,994 | 668,416 | 894,566 | 678,805 |
| Number Of Employees | 24 | 21 | 22 | 18 | 17 | 13 | 11 | 14 | 16 |
| EBITDA* | 5,137,066 | 7,055,175 | 3,146,525 | 2,791,902 | 2,400,131 | 2,298,441 | 1,981,791 | 1,776,068 | 766,113 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 445,224 | 254,088 | 328,324 | 147,966 | 79,037 | 19,308 | 1,196 | 2,077 | 0 |
| Intangible Assets | 146,271 | 276,290 | 406,309 | 536,328 | 666,347 | 796,366 | 926,385 | 1,056,404 | 1,186,423 |
| Investments & Other | 999,467 | 999,467 | 999,467 | 999,467 | 999,467 | 999,467 | 999,467 | 999,467 | 999,467 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,590,962 | 1,529,845 | 1,734,100 | 1,683,761 | 1,744,851 | 1,815,141 | 1,927,048 | 2,057,948 | 2,185,890 |
| Stock & work in progress | 1,771,841 | 558,433 | 1,505,304 | 933,901 | 1,420,904 | 4,297,153 | 3,863,654 | 2,663,059 | 1,841,167 |
| Trade Debtors | 18,967,621 | 26,067,572 | 16,908,499 | 17,403,831 | 17,773,196 | 9,179,882 | 11,456,835 | 7,450,676 | 6,195,655 |
| Group Debtors | 263,773 | 855,456 | 596,182 | 325,279 | 919,970 | 369,718 | 0 | 0 | 0 |
| Misc Debtors | 287,156 | 63,055 | 44,467 | 44,220 | 401,167 | 835,483 | 0 | 923,425 | 51,804 |
| Cash | 14,380,543 | 13,428,034 | 6,249,421 | 8,510,896 | 3,030,381 | 6,234,550 | 5,358,956 | 7,091,666 | 5,264,006 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 35,670,934 | 40,972,550 | 25,303,873 | 27,218,127 | 23,545,618 | 20,916,786 | 20,679,445 | 18,128,826 | 13,352,632 |
| total assets | 37,261,896 | 42,502,395 | 27,037,973 | 28,901,888 | 25,290,469 | 22,731,927 | 22,606,493 | 20,186,774 | 15,538,522 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 800,000 | 3,688,677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,113,545 | 19,726,020 | 14,097,038 | 15,875,671 | 13,526,100 | 12,276,659 | 12,975,121 | 8,699,369 | 6,335,050 |
| Group/Directors Accounts | 653,082 | 650,928 | 874,589 | 954,654 | 1,340,792 | 1,536,829 | 1,329,283 | 2,960,539 | 2,362,484 |
| other short term finances | 208,423 | 471,769 | 43,449 | 62,690 | 0 | 89,054 | 116,129 | 167,227 | 68,933 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,010,812 | 5,628,595 | 2,800,759 | 1,891,541 | 1,736,689 | 1,790,157 | 1,786,491 | 3,279,235 | 1,826,870 |
| total current liabilities | 22,785,862 | 30,165,989 | 17,815,835 | 18,784,556 | 16,603,581 | 15,692,699 | 16,207,024 | 15,106,370 | 10,593,337 |
| loans | 0 | 0 | 0 | 0 | 0 | 274,074 | 763,978 | 796,922 | 1,718,205 |
| 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 | 100,048 | 52,151 | 54,513 | 27,355 | 12,264 | 0 | 0 | 0 | 0 |
| total long term liabilities | 100,048 | 52,151 | 54,513 | 27,355 | 12,264 | 274,074 | 763,978 | 796,922 | 1,718,205 |
| total liabilities | 22,885,910 | 30,218,140 | 17,870,348 | 18,811,911 | 16,615,845 | 15,966,773 | 16,971,002 | 15,903,292 | 12,311,542 |
| net assets | 14,375,986 | 12,284,255 | 9,167,625 | 10,089,977 | 8,674,624 | 6,765,154 | 5,635,491 | 4,283,482 | 3,226,980 |
| total shareholders funds | 14,375,986 | 12,284,255 | 9,167,625 | 10,089,977 | 8,674,624 | 6,765,154 | 5,635,491 | 4,283,482 | 3,226,980 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 4,931,822 | 6,870,355 | 2,969,151 | 2,624,479 | 2,262,779 | 2,165,555 | 1,850,891 | 1,645,480 | 653,472 |
| Depreciation | 75,225 | 54,801 | 47,355 | 37,404 | 7,333 | 2,867 | 881 | 569 | 6,909 |
| Amortisation | 130,019 | 130,019 | 130,019 | 130,019 | 130,019 | 130,019 | 130,019 | 130,019 | 105,732 |
| Tax | -1,063,891 | -1,447,966 | -591,767 | -550,244 | -479,657 | -447,812 | -395,290 | -365,577 | -159,242 |
| Stock | 1,213,408 | -946,871 | 571,403 | -487,003 | -2,876,249 | 433,499 | 1,200,595 | 821,892 | 1,841,167 |
| Debtors | -7,467,533 | 9,436,935 | -224,182 | -1,321,003 | 8,709,250 | -1,071,752 | 3,082,734 | 2,126,642 | 6,247,459 |
| Creditors | -1,612,475 | 5,628,982 | -1,778,633 | 2,349,571 | 1,249,441 | -698,462 | 4,275,752 | 2,364,319 | 6,335,050 |
| Accruals and Deferred Income | -2,617,783 | 2,827,836 | 909,218 | 154,852 | -53,468 | 3,666 | -1,492,744 | 1,452,365 | 1,826,870 |
| Deferred Taxes & Provisions | 47,897 | -2,362 | 27,158 | 15,091 | 12,264 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,144,939 | 5,571,601 | 1,365,280 | 6,569,178 | -2,704,290 | 1,794,086 | 86,180 | 2,278,641 | 680,165 |
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -20,979 | 385 | -2,644 | 1,589,304 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 999,467 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -20,979 | 385 | -2,644 | 589,837 |
| Financing Activities | |||||||||
| Bank loans | -2,888,677 | 3,688,677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,154 | -223,661 | -80,065 | -386,138 | -196,037 | 207,546 | -1,631,256 | 598,055 | 2,362,484 |
| Other Short Term Loans | -263,346 | 428,320 | -19,241 | 62,690 | -89,054 | -27,075 | -51,098 | 98,294 | 68,933 |
| Long term loans | 0 | 0 | 0 | 0 | -274,074 | -489,904 | -32,944 | -921,283 | 1,718,205 |
| 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 | 8,454 | -49,439 | -2,515 | 1,839 | 9,263 | -258 | 5,560 | 7,827 | 4,388 |
| cash flow from financing | -4,486,069 | 1,807,577 | -3,104,698 | -652,330 | -192,817 | -282,304 | -1,658,952 | -315,401 | 7,051,310 |
| cash and cash equivalents | |||||||||
| cash | 952,509 | 7,178,613 | -2,261,475 | 5,480,515 | -3,204,169 | 875,594 | -1,732,710 | 1,827,660 | 5,264,006 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 952,509 | 7,178,613 | -2,261,475 | 5,480,515 | -3,204,169 | 875,594 | -1,732,710 | 1,827,660 | 5,264,006 |
norwest foods international group limited Credit Report and Business Information
Norwest Foods International Group Limited Competitor Analysis
Perform a competitor analysis for norwest foods international group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in WA16 area or any other competitors across 12 key performance metrics.
norwest foods international group limited Ownership
NORWEST FOODS INTERNATIONAL GROUP LIMITED group structure
Norwest Foods International Group Limited has 1 subsidiary company.
Ultimate parent company
NORWEST FOODS INTERNATIONAL GROUP LIMITED
09214358
1 subsidiary
norwest foods international group limited directors
Norwest Foods International Group Limited currently has 2 directors. The longest serving directors include Mr Simon Rowe (Sep 2014) and Mr David McGowan (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Rowe | 56 years | Sep 2014 | - | Director | |
| Mr David McGowan | 58 years | Feb 2022 | - | Director |
P&L
October 2023turnover
208.8m
+1%
operating profit
4.9m
-28%
gross margin
4.9%
-23.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
14.4m
+0.17%
total assets
37.3m
-0.12%
cash
14.4m
+0.07%
net assets
Total assets minus all liabilities
norwest foods international group limited company details
company number
09214358
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
September 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
HURST ACCOUNTANTS LIMITED
address
3 haig court haig road, knutsford, cheshire, WA16 8XZ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
norwest foods international group 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 5 charges/mortgages relating to norwest foods international group limited. Currently there are 2 open charges and 3 have been satisfied in the past.
norwest foods international group 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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norwest foods international group limited Companies House Filings - See Documents
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