noir developments ltd

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noir developments ltd Company Information

Share NOIR DEVELOPMENTS LTD

Company Number

11348031

Shareholders

stephen jonathan morrell

Group Structure

View All

Industry

Construction of domestic buildings

 

Registered Address

11 clifton moor business village, james nicolson link, clifton moor, york, YO30 4XG

noir developments ltd Estimated Valuation

£76.6k

Pomanda estimates the enterprise value of NOIR DEVELOPMENTS LTD at £76.6k based on a Turnover of £204.3k and 0.37x industry multiple (adjusted for size and gross margin).

noir developments ltd Estimated Valuation

£93.9k

Pomanda estimates the enterprise value of NOIR DEVELOPMENTS LTD at £93.9k based on an EBITDA of £28.3k and a 3.32x industry multiple (adjusted for size and gross margin).

noir developments ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of NOIR DEVELOPMENTS LTD at £0 based on Net Assets of £-108.1k and 1.33x industry multiple (adjusted for liquidity).

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Noir Developments Ltd Overview

Noir Developments Ltd is a live company located in clifton moor, YO30 4XG with a Companies House number of 11348031. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 2018, it's largest shareholder is stephen jonathan morrell with a 100% stake. Noir Developments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £204.3k with declining growth in recent years.

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Noir Developments Ltd Health Check

Pomanda's financial health check has awarded Noir Developments Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £204.3k, make it smaller than the average company (£463.6k)

£204.3k - Noir Developments Ltd

£463.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (8.4%)

-52% - Noir Developments Ltd

8.4% - Industry AVG

production

Production

with a gross margin of 20.8%, this company has a comparable cost of product (20.8%)

20.8% - Noir Developments Ltd

20.8% - Industry AVG

profitability

Profitability

an operating margin of 13.9% make it more profitable than the average company (5.6%)

13.9% - Noir Developments Ltd

5.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Noir Developments Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)

£43.3k - Noir Developments Ltd

£43.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £204.3k, this is equally as efficient (£204.3k)

£204.3k - Noir Developments Ltd

£204.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Noir Developments Ltd

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Noir Developments Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Noir Developments Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)

1 weeks - Noir Developments Ltd

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 4465.9%, this is a higher level of debt than the average (71.7%)

4465.9% - Noir Developments Ltd

71.7% - Industry AVG

NOIR DEVELOPMENTS LTD financials

EXPORTms excel logo

Noir Developments Ltd's latest turnover from July 2023 is estimated at £204.3 thousand and the company has net assets of -£108.1 thousand. According to their latest financial statements, Noir Developments Ltd has 1 employee and maintains cash reserves of £2.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019
Turnover204,277235,736168,9721,819,0301,001,254
Other Income Or Grants
Cost Of Sales161,810186,788137,2041,460,544786,517
Gross Profit42,46748,94831,768358,486214,737
Admin Expenses14,182119,181175,876245,469152,821
Operating Profit28,285-70,233-144,108113,01761,916
Interest Payable4,6854,68829,41326,852
Interest Receivable711,04910293566
Pre-Tax Profit23,671-73,871-173,41986,25862,483
Tax-5,918-16,389-11,872
Profit After Tax17,753-73,871-173,41969,86950,611
Dividends Paid
Retained Profit17,753-73,871-173,41969,86950,611
Employee Costs43,30183,45538,142377,343168,646
Number Of Employees121104
EBITDA*28,285-70,233-144,108113,01761,916

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)107,798
Total Fixed Assets107,798
Stock & work in progress900,000100,000
Trade Debtors4,501220,00036,289
Group Debtors
Misc Debtors2249,000
Cash2,475365167,55335,636151,029
misc current assets1,308
total current assets2,4751,673172,2781,164,636287,318
total assets2,4751,673280,0761,164,636287,318
Bank overdraft
Bank loan533,973
Trade Creditors 12,00026,634102,703191,871
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities70,71770,113222,43461,055
total current liabilities70,71782,113249,068697,731191,871
loans39,81545,37083,947346,425
hp & lease commitments
Accruals and Deferred Income
other liabilities44,836
provisions
total long term liabilities39,81545,37083,947346,42544,836
total liabilities110,532127,483333,0151,044,156236,707
net assets-108,057-125,810-52,939120,48050,611
total shareholders funds-108,057-125,810-52,939120,48050,611
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019
Operating Activities
Operating Profit28,285-70,233-144,108113,01761,916
Depreciation
Amortisation
Tax-5,918-16,389-11,872
Stock-900,000800,000100,000
Debtors-112,523-116,477192,71136,289
Creditors-12,000-14,634-76,069-89,168191,871
Accruals and Deferred Income604-152,321161,37961,055
Deferred Taxes & Provisions
Cash flow from operations10,971-124,665957,679-924,196105,626
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans-533,973533,973
Group/Directors Accounts
Other Short Term Loans
Long term loans-5,555-38,577-262,478346,425
Hire Purchase and Lease Commitments
other long term liabilities-44,83644,836
share issue1,000
interest-4,614-3,639-29,311-26,759566
cash flow from financing-10,169-41,216-825,762808,80345,402
cash and cash equivalents
cash2,110-167,188131,917-115,393151,029
overdraft
change in cash2,110-167,188131,917-115,393151,029

noir developments ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Noir Developments Ltd Competitor Analysis

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Perform a competitor analysis for noir developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in YO30 area or any other competitors across 12 key performance metrics.

noir developments ltd Ownership

NOIR DEVELOPMENTS LTD group structure

Noir Developments Ltd has no subsidiary companies.

Ultimate parent company

NOIR DEVELOPMENTS LTD

11348031

NOIR DEVELOPMENTS LTD Shareholders

stephen jonathan morrell 100%

noir developments ltd directors

Noir Developments Ltd currently has 1 director, Mr Stephen Morrell serving since May 2018.

officercountryagestartendrole
Mr Stephen MorrellUnited Kingdom57 years May 2018- Director

P&L

July 2023

turnover

204.3k

-13%

operating profit

28.3k

0%

gross margin

20.8%

+0.12%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

-108.1k

-0.14%

total assets

2.5k

+0.48%

cash

2.5k

+5.78%

net assets

Total assets minus all liabilities

noir developments ltd company details

company number

11348031

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

May 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

July 2023

previous names

N/A

accountant

MORRELL MIDDLETON AUDITORS LTD

auditor

-

address

11 clifton moor business village, james nicolson link, clifton moor, york, YO30 4XG

Bank

-

Legal Advisor

-

noir developments 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 noir developments ltd.

noir developments 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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noir developments ltd Companies House Filings - See Documents

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