norgrove group limited
norgrove group limited Company Information
Company Number
10329369
Registered Address
unit 2 pro plas pvc centre, ricketts close, kidderminster, worcs, DY11 7QN
Industry
Activities of head offices
Telephone
01562824921
Next Accounts Due
122 days late
Group Structure
View All
Directors
- Years
Shareholders
jack norgrove 70%
meif wm equity (general partner) limited 30%
norgrove group limited Estimated Valuation
Pomanda estimates the enterprise value of NORGROVE GROUP LIMITED at £25.8k based on a Turnover of £38.1k and 0.68x industry multiple (adjusted for size and gross margin).
norgrove group limited Estimated Valuation
Pomanda estimates the enterprise value of NORGROVE GROUP LIMITED at £56.1k based on an EBITDA of £12.4k and a 4.54x industry multiple (adjusted for size and gross margin).
norgrove group limited Estimated Valuation
Pomanda estimates the enterprise value of NORGROVE GROUP LIMITED at £2.1m based on Net Assets of £775.6k and 2.68x industry multiple (adjusted for liquidity).
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Norgrove Group Limited Overview
Norgrove Group Limited is a live company located in kidderminster, DY11 7QN with a Companies House number of 10329369. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 2016, it's largest shareholder is jack norgrove with a 70% stake. Norgrove Group Limited is a young, micro sized company, Pomanda has estimated its turnover at £38.1k with declining growth in recent years.
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Norgrove Group Limited Health Check
Pomanda's financial health check has awarded Norgrove Group Limited a 3.5 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 £38.1k, make it smaller than the average company (£19.1m)
- Norgrove Group Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (2.1%)
- Norgrove Group Limited
2.1% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Norgrove Group Limited
32.9% - Industry AVG
Profitability
an operating margin of 30.5% make it more profitable than the average company (6.1%)
- Norgrove Group Limited
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (118)
- Norgrove Group Limited
118 - Industry AVG
Pay Structure
on an average salary of £43.1k, the company has an equivalent pay structure (£43.1k)
- Norgrove Group Limited
£43.1k - Industry AVG
Efficiency
resulting in sales per employee of £38.1k, this is less efficient (£172k)
- Norgrove Group Limited
£172k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Norgrove Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (47 days)
- Norgrove Group Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Norgrove Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (17 weeks)
7 weeks - Norgrove Group Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.6%, this is a lower level of debt than the average (57%)
25.6% - Norgrove Group Limited
57% - Industry AVG
NORGROVE GROUP LIMITED financials
Norgrove Group Limited's latest turnover from September 2022 is estimated at £38.1 thousand and the company has net assets of £775.6 thousand. According to their latest financial statements, we estimate that Norgrove Group Limited has 1 employee and maintains cash reserves of £1.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,866 | 3,583 | 4,300 | 5,016 | 5,733 | 6,449 |
| Investments & Other | 447,954 | 447,954 | 447,954 | 447,954 | 447,954 | 447,954 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 450,820 | 451,537 | 452,254 | 452,970 | 453,687 | 454,403 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 589,195 | 153,391 | 246,063 | 0 | 0 | 0 |
| Misc Debtors | 0 | 400 | 1,059 | 2,876 | 5,364 | 5,391 |
| Cash | 1,758 | 46 | 310 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 590,953 | 153,837 | 247,432 | 2,876 | 5,364 | 5,391 |
| total assets | 1,041,773 | 605,374 | 699,686 | 455,846 | 459,051 | 459,794 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,325 | 0 | 804 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 273,433 | 201,113 | 131,492 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,263 | 2,160 | 96,796 | 151,898 | 161,524 | 162,545 |
| total current liabilities | 12,588 | 2,160 | 97,600 | 425,331 | 362,637 | 294,037 |
| loans | 253,586 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 29,717 | 95,497 | 163,461 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 253,586 | 0 | 0 | 29,717 | 95,497 | 163,461 |
| total liabilities | 266,174 | 2,160 | 97,600 | 455,048 | 458,134 | 457,498 |
| net assets | 775,599 | 603,214 | 602,086 | 798 | 917 | 2,296 |
| total shareholders funds | 775,599 | 603,214 | 602,086 | 798 | 917 | 2,296 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 717 | 717 | 716 | 717 | 716 | 717 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 435,404 | -93,331 | 244,246 | -2,488 | -27 | 5,391 |
| Creditors | 7,325 | -804 | 804 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,103 | -94,636 | -55,102 | -9,626 | -1,021 | 162,545 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 447,954 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -273,433 | 72,320 | 69,621 | 131,492 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 253,586 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -29,717 | -65,780 | -67,964 | 163,461 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 1,712 | -264 | 310 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,712 | -264 | 310 | 0 | 0 | 0 |
norgrove group limited Credit Report and Business Information
Norgrove Group Limited Competitor Analysis
Perform a competitor analysis for norgrove group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in DY11 area or any other competitors across 12 key performance metrics.
norgrove group limited Ownership
NORGROVE GROUP LIMITED group structure
Norgrove Group Limited has 1 subsidiary company.
Ultimate parent company
NORGROVE GROUP LIMITED
10329369
1 subsidiary
norgrove group limited directors
Norgrove Group Limited currently has 1 director, undefined undefined serving since - .
| officer | country | age | start | end | role |
|---|
P&L
September 2022turnover
38.1k
-75%
operating profit
11.6k
0%
gross margin
32.9%
+4.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
775.6k
+0.29%
total assets
1m
+0.72%
cash
1.8k
+37.22%
net assets
Total assets minus all liabilities
norgrove group limited company details
company number
10329369
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2022
previous names
norgrove holdings limited (October 2019)
norgrove building supplies ltd (May 2017)
accountant
KIMBERLEE & CO
auditor
-
address
unit 2 pro plas pvc centre, ricketts close, kidderminster, worcs, DY11 7QN
Bank
-
Legal Advisor
-
norgrove 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 2 charges/mortgages relating to norgrove group limited. Currently there are 1 open charges and 1 have been satisfied in the past.
norgrove group limited Companies House Filings - See Documents
| date | description | view/download |
|---|
