norspring development limited
norspring development limited Company Information
Company Number
10382909
Website
-Registered Address
2 west street, henley on thames, oxon, RG9 2DT
Industry
Construction of domestic buildings
Buying and selling of own real estate
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
ctx treuhand aktiengesellschaft 100%
norspring development limited Estimated Valuation
Pomanda estimates the enterprise value of NORSPRING DEVELOPMENT LIMITED at £1.4m based on a Turnover of £1.8m and 0.81x industry multiple (adjusted for size and gross margin).
norspring development limited Estimated Valuation
Pomanda estimates the enterprise value of NORSPRING DEVELOPMENT LIMITED at £0 based on an EBITDA of £-36.4k and a 3.4x industry multiple (adjusted for size and gross margin).
norspring development limited Estimated Valuation
Pomanda estimates the enterprise value of NORSPRING DEVELOPMENT LIMITED at £357k based on Net Assets of £243.7k and 1.46x industry multiple (adjusted for liquidity).
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Norspring Development Limited Overview
Norspring Development Limited is a live company located in oxon, RG9 2DT with a Companies House number of 10382909. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2016, it's largest shareholder is ctx treuhand aktiengesellschaft with a 100% stake. Norspring Development Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.
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Norspring Development Limited Health Check
Pomanda's financial health check has awarded Norspring Development Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £1.8m, make it larger than the average company (£1.2m)
- Norspring Development Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (5%)
- Norspring Development Limited
5% - Industry AVG
Production
with a gross margin of 15.2%, this company has a higher cost of product (38.7%)
- Norspring Development Limited
38.7% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (13.1%)
- Norspring Development Limited
13.1% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Norspring Development Limited
4 - Industry AVG
Pay Structure
on an average salary of £43.2k, the company has an equivalent pay structure (£43.2k)
- Norspring Development Limited
£43.2k - Industry AVG
Efficiency
resulting in sales per employee of £442.2k, this is more efficient (£228.4k)
- Norspring Development Limited
£228.4k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (26 days)
- Norspring Development Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 166 days, this is slower than average (30 days)
- Norspring Development Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 204 days, this is less than average (279 days)
- Norspring Development Limited
279 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (11 weeks)
3 weeks - Norspring Development Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (70.5%)
84.2% - Norspring Development Limited
70.5% - Industry AVG
NORSPRING DEVELOPMENT LIMITED financials
Norspring Development Limited's latest turnover from September 2023 is estimated at £1.8 million and the company has net assets of £243.7 thousand. According to their latest financial statements, Norspring Development Limited has 4 employees and maintains cash reserves of £42.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | 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 | 4 | 4 | 4 | 4 | 4 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 100 | 100 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 100 | 100 | 100 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 841,006 | 841,006 | 1,406,387 | 2,210,086 | 3,073,222 | 2,573,800 | 2,853,226 |
| Trade Debtors | 659,745 | 684,815 | 717,401 | 0 | 0 | 9,922 | 12,267 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 42,182 | 92,587 | 64,207 | 8,585 | 1,687 | 175,913 | 8,743 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,542,933 | 1,618,408 | 2,187,995 | 2,218,671 | 3,074,909 | 2,759,635 | 2,874,236 |
| total assets | 1,543,033 | 1,618,508 | 2,188,095 | 2,218,671 | 3,074,909 | 2,759,635 | 2,874,236 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 682,281 | 737,036 | 1,489,268 | 1,467,660 | 3,126,946 | 2,764,227 | 2,876,818 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 682,281 | 737,036 | 1,489,268 | 1,467,660 | 3,126,946 | 2,764,227 | 2,876,818 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 617,024 | 604,708 | 694,566 | 753,153 | 50,291 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 617,024 | 604,708 | 694,566 | 753,153 | 50,291 | 0 | 0 |
| total liabilities | 1,299,305 | 1,341,744 | 2,183,834 | 2,220,813 | 3,177,237 | 2,764,227 | 2,876,818 |
| net assets | 243,728 | 276,764 | 4,261 | -2,142 | -102,328 | -4,592 | -2,582 |
| total shareholders funds | 243,728 | 276,764 | 4,261 | -2,142 | -102,328 | -4,592 | -2,582 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | -565,381 | -803,699 | -863,136 | 499,422 | -279,426 | 2,853,226 |
| Debtors | -25,070 | -32,586 | 717,401 | 0 | -9,922 | -2,345 | 12,267 |
| Creditors | -54,755 | -752,232 | 21,608 | -1,659,286 | 362,719 | -112,591 | 2,876,818 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 100 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 12,316 | -89,858 | -58,587 | 702,862 | 50,291 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -50,405 | 28,380 | 55,622 | 6,898 | -174,226 | 167,170 | 8,743 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -50,405 | 28,380 | 55,622 | 6,898 | -174,226 | 167,170 | 8,743 |
norspring development limited Credit Report and Business Information
Norspring Development Limited Competitor Analysis
Perform a competitor analysis for norspring development limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RG9 area or any other competitors across 12 key performance metrics.
norspring development limited Ownership
NORSPRING DEVELOPMENT LIMITED group structure
Norspring Development Limited has no subsidiary companies.
Ultimate parent company
GONDWANA INVESTMENTS INC
#0105611
1 parent
NORSPRING DEVELOPMENT LIMITED
10382909
norspring development limited directors
Norspring Development Limited currently has 4 directors. The longest serving directors include Mrs Katherine Bardwell-Springett (Sep 2016) and Mr John Gregory (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Katherine Bardwell-Springett | England | 58 years | Sep 2016 | - | Director |
| Mr John Gregory | England | 62 years | Sep 2016 | - | Director |
| Mr Paul Springett | 74 years | Sep 2016 | - | Director | |
| Ms Kay Griffin | Jersey | 49 years | Sep 2016 | - | Director |
P&L
September 2023turnover
1.8m
+1%
operating profit
-36.4k
0%
gross margin
15.2%
-3.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
243.7k
-0.12%
total assets
1.5m
-0.05%
cash
42.2k
-0.54%
net assets
Total assets minus all liabilities
norspring development limited company details
company number
10382909
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41202 - Construction of domestic buildings
68100 - Buying and selling of own real estate
incorporation date
September 2016
age
8
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
2 west street, henley on thames, oxon, RG9 2DT
accountant
BUFFERY & CO LTD
auditor
-
norspring development 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 did not find charges/mortgages relating to norspring development limited.
norspring development limited Companies House Filings - See Documents
| date | description | view/download |
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