noriker staunch ltd
noriker staunch ltd Company Information
Company Number
10238116
Next Accounts
Sep 2025
Industry
Production of electricity
Shareholders
gresham house energy storage holdings plc
Group Structure
View All
Contact
Registered Address
c/o gresham house asset manageme, 5 new street square, london, EC4A 3TW
Website
www.noriker.co.uknoriker staunch ltd Estimated Valuation
Pomanda estimates the enterprise value of NORIKER STAUNCH LTD at £2.3m based on a Turnover of £2.5m and 0.91x industry multiple (adjusted for size and gross margin).
noriker staunch ltd Estimated Valuation
Pomanda estimates the enterprise value of NORIKER STAUNCH LTD at £0 based on an EBITDA of £-364k and a 2.76x industry multiple (adjusted for size and gross margin).
noriker staunch ltd Estimated Valuation
Pomanda estimates the enterprise value of NORIKER STAUNCH LTD at £0 based on Net Assets of £-9.7m and 2.8x industry multiple (adjusted for liquidity).
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Noriker Staunch Ltd Overview
Noriker Staunch Ltd is a live company located in london, EC4A 3TW with a Companies House number of 10238116. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2016, it's largest shareholder is gresham house energy storage holdings plc with a 100% stake. Noriker Staunch Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.
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Noriker Staunch Ltd Health Check
Pomanda's financial health check has awarded Noriker Staunch Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£1.7m)
£2.5m - Noriker Staunch Ltd
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (10.8%)
42% - Noriker Staunch Ltd
10.8% - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (71.7%)
10.6% - Noriker Staunch Ltd
71.7% - Industry AVG
Profitability
an operating margin of -65.5% make it less profitable than the average company (51.5%)
-65.5% - Noriker Staunch Ltd
51.5% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Noriker Staunch Ltd
3 - Industry AVG
Pay Structure
on an average salary of £78.6k, the company has an equivalent pay structure (£78.6k)
- Noriker Staunch Ltd
£78.6k - Industry AVG
Efficiency
resulting in sales per employee of £831.6k, this is more efficient (£446.6k)
£831.6k - Noriker Staunch Ltd
£446.6k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (16 days)
1 days - Noriker Staunch Ltd
16 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (21 days)
15 days - Noriker Staunch Ltd
21 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (18 days)
2 days - Noriker Staunch Ltd
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Noriker Staunch Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 225.4%, this is a higher level of debt than the average (89.8%)
225.4% - Noriker Staunch Ltd
89.8% - Industry AVG
NORIKER STAUNCH LTD financials
Noriker Staunch Ltd's latest turnover from December 2023 is £2.5 million and the company has net assets of -£9.7 million. According to their latest financial statements, Noriker Staunch Ltd has 3 employees and maintains cash reserves of £99.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,494,926 | 6,666,216 | 3,167,808 | 866,576 | 1,983,000 | 5,554,297 | 510,564 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 2,230,361 | 5,017,643 | 1,484,700 | 206,094 | 436,724 | 953,971 | |
| Gross Profit | 264,565 | 1,648,573 | 1,683,108 | 660,482 | 1,546,276 | 4,600,326 | |
| Admin Expenses | 1,899,335 | 1,983,937 | 1,710,341 | 1,641,297 | 2,035,308 | 2,275,781 | |
| Operating Profit | -1,634,770 | -335,364 | -27,233 | -980,815 | -489,032 | 2,324,545 | 89,000 |
| Interest Payable | 1,277,912 | 1,231,565 | 1,227,681 | 1,304,854 | 967,010 | 2,065,010 | 597,244 |
| Interest Receivable | 0 | 0 | 2,367 | 0 | 25 | 0 | |
| Pre-Tax Profit | -2,912,682 | -1,566,929 | -1,252,547 | -2,285,669 | -1,456,017 | 259,535 | -508,244 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2,912,682 | -1,566,929 | -1,252,547 | -2,285,669 | -1,456,017 | 259,535 | -508,244 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,912,682 | -1,566,929 | -1,252,547 | -2,285,669 | -1,456,017 | 259,535 | -508,244 |
| Employee Costs | |||||||
| Number Of Employees | 3 | 4 | 4 | 4 | 2 | 2 | |
| EBITDA* | -364,044 | 948,633 | 1,278,120 | 266,132 | 1,060,066 | 3,838,724 | 299,491 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,452,193 | 8,721,697 | 10,002,240 | 11,415,101 | 12,594,104 | 9,608,528 | 11,113,767 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,452,193 | 8,721,697 | 10,002,240 | 11,415,101 | 12,594,104 | 9,608,528 | 11,113,767 |
| Stock & work in progress | 14,057 | 49,223 | 14,497 | 18,094 | 22,482 | 0 | 0 |
| Trade Debtors | 13,374 | 13,375 | 11,934 | 11,934 | 11,934 | 306,964 | 22,818 |
| Group Debtors | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 176,078 | 354,684 | 362,588 | 196,424 | 1,133,088 | 495,005 | 565,520 |
| Cash | 99,568 | 485,082 | 182,307 | 174,981 | 1,953,088 | 426,210 | 29,131 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 303,077 | 902,364 | 871,326 | 401,433 | 3,120,592 | 1,228,179 | 617,469 |
| total assets | 7,755,270 | 9,624,061 | 10,873,566 | 11,816,534 | 15,714,696 | 10,836,707 | 11,731,236 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 97,741 | 98,134 | 133,675 | 34,484 | 131,477 | 75,847 | 47,607 |
| Group/Directors Accounts | 78 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 15,937,183 | 14,905,618 | 14,627,936 | 14,332,780 | 16,006,072 | 10,484,074 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,442,819 | 1,430,178 | 1,354,895 | 1,439,663 | 1,281,871 | 525,493 | 3,266,030 |
| total current liabilities | 17,477,821 | 16,433,930 | 16,116,506 | 15,806,927 | 17,419,420 | 11,085,414 | 3,313,637 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 8,925,841 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 8,925,841 |
| total liabilities | 17,477,821 | 16,433,930 | 16,116,506 | 15,806,927 | 17,419,420 | 11,085,414 | 12,239,478 |
| net assets | -9,722,551 | -6,809,869 | -5,242,940 | -3,990,393 | -1,704,724 | -248,707 | -508,242 |
| total shareholders funds | -9,722,551 | -6,809,869 | -5,242,940 | -3,990,393 | -1,704,724 | -248,707 | -508,242 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,634,770 | -335,364 | -27,233 | -980,815 | -489,032 | 2,324,545 | 89,000 |
| Depreciation | 1,270,726 | 1,283,997 | 1,305,353 | 1,246,947 | 1,549,098 | 1,514,179 | 210,491 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -35,166 | 34,726 | -3,597 | -4,388 | 22,482 | 0 | 0 |
| Debtors | -178,607 | -306,463 | 466,164 | -936,664 | 343,053 | 213,631 | 588,338 |
| Creditors | -393 | -35,541 | 99,191 | -96,993 | 55,630 | 28,240 | 47,607 |
| Accruals and Deferred Income | 12,641 | 75,283 | -84,768 | 157,792 | 756,378 | -2,740,537 | 3,266,030 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -138,023 | 1,260,112 | 829,976 | 1,267,983 | 1,506,539 | 912,796 | 3,024,790 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -2,816,182 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -2,816,182 | |
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 78 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,031,565 | 277,682 | 295,156 | -1,673,292 | 5,521,998 | 10,484,074 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -8,925,841 | 8,925,841 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,277,912 | -1,231,565 | -1,225,314 | -1,304,854 | -966,985 | -597,244 | |
| cash flow from financing | -246,269 | -953,883 | -930,158 | -2,978,146 | 4,555,013 | 8,328,599 | |
| cash and cash equivalents | |||||||
| cash | -385,514 | 302,775 | 7,326 | -1,778,107 | 1,526,878 | 397,079 | 29,131 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -385,514 | 302,775 | 7,326 | -1,778,107 | 1,526,878 | 397,079 | 29,131 |
noriker staunch ltd Credit Report and Business Information
Noriker Staunch Ltd Competitor Analysis
Perform a competitor analysis for noriker staunch ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in EC4A area or any other competitors across 12 key performance metrics.
noriker staunch ltd Ownership
NORIKER STAUNCH LTD group structure
Noriker Staunch Ltd has no subsidiary companies.
Ultimate parent company
2 parents
NORIKER STAUNCH LTD
10238116
noriker staunch ltd directors
Noriker Staunch Ltd currently has 2 directors. The longest serving directors include Mr Benjamin Guest (Sep 2016) and Mr Stephen Beck (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Guest | United Kingdom | 51 years | Sep 2016 | - | Director |
| Mr Stephen Beck | England | 51 years | Dec 2019 | - | Director |
P&L
December 2023turnover
2.5m
-63%
operating profit
-1.6m
+387%
gross margin
10.7%
-57.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-9.7m
+0.43%
total assets
7.8m
-0.19%
cash
99.6k
-0.79%
net assets
Total assets minus all liabilities
noriker staunch ltd company details
company number
10238116
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
noriker stuanch ltd (July 2016)
accountant
-
auditor
BLICK ROTHENBERG AUDIT LLP
address
c/o gresham house asset manageme, 5 new street square, london, EC4A 3TW
Bank
-
Legal Advisor
-
noriker staunch ltd 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 noriker staunch ltd.
noriker staunch ltd 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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noriker staunch ltd Companies House Filings - See Documents
| date | description | view/download |
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