norge mining limited

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norge mining limited Company Information

Share NORGE MINING LIMITED

Company Number

11703765

Shareholders

altamira foundation

mjw holding ag

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Group Structure

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Industry

Activities of head offices

 

Registered Address

devonshire house, c/o the explorers club, london, W1J 8AJ

norge mining limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NORGE MINING LIMITED at £0 based on a Turnover of £0 and 0.5x industry multiple (adjusted for size and gross margin).

norge mining limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NORGE MINING LIMITED at £0 based on an EBITDA of £-5.6m and a 3.81x industry multiple (adjusted for size and gross margin).

norge mining limited Estimated Valuation

£59.8m

Pomanda estimates the enterprise value of NORGE MINING LIMITED at £59.8m based on Net Assets of £27.9m and 2.14x industry multiple (adjusted for liquidity).

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Norge Mining Limited Overview

Norge Mining Limited is a live company located in london, W1J 8AJ with a Companies House number of 11703765. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2018, it's largest shareholder is altamira foundation with a 33.9% stake. Norge Mining Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Norge Mining Limited Health Check

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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

0 Regular

positive_score

2 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

employees

Employees

with 20 employees, this is below the industry average (108)

- - Norge Mining Limited

- - Industry AVG

paystructure

Pay Structure

on an average salary of £154.9k, the company has a higher pay structure (£47.4k)

- - Norge Mining Limited

- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Norge Mining Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 126 weeks, this is more cash available to meet short term requirements (16 weeks)

- - Norge Mining Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 6.5%, this is a lower level of debt than the average (56.1%)

- - Norge Mining Limited

- - Industry AVG

NORGE MINING LIMITED financials

EXPORTms excel logo

Norge Mining Limited's latest turnover from June 2023 is 0 and the company has net assets of £27.9 million. According to their latest financial statements, Norge Mining Limited has 20 employees and maintains cash reserves of £4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Dec 2020Dec 2019
Turnover
Other Income Or Grants
Cost Of Sales
Gross Profit
Admin Expenses5,761,1576,425,8111,502,127494,503
Operating Profit-5,761,157-6,425,811-1,502,127-494,503
Interest Payable962,5397,613,845
Interest Receivable
Pre-Tax Profit-6,723,696-14,039,656-1,499,152-494,456
Tax-986-930
Profit After Tax-6,723,696-14,040,642-1,500,082-494,456
Dividends Paid
Retained Profit-6,723,696-14,040,642-1,500,082-494,456
Employee Costs3,098,9632,413,208739,56256,900
Number Of Employees2019115
EBITDA*-5,618,474-6,384,661-1,500,941-494,503

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Dec 2020Dec 2019
Tangible Assets25,170,20520,918,6166,539
Intangible Assets387,090141,5766,754,5041,087,537
Investments & Other25,008,03920,822,240
Debtors (Due After 1 year)
Total Fixed Assets25,557,29521,060,1926,761,0431,087,537
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors272,897283,088499,01736,500
Cash4,028,9402,819,1614,078,32012,476
misc current assets
total current assets4,301,8373,102,2494,577,33748,976
total assets29,859,13224,162,44111,338,3801,136,513
Bank overdraft
Bank loan
Trade Creditors 733,3621,039,7701,031,57582,483
Group/Directors Accounts
other short term finances
hp & lease commitments62,18924,265
other current liabilities866,465328,650211,261119,827
total current liabilities1,662,0161,392,6851,242,836202,310
loans577,730168,918
hp & lease commitments288,86584,459
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities288,86584,459
total liabilities1,950,8811,477,1441,242,836202,310
net assets27,908,25122,685,29710,095,544934,203
total shareholders funds27,908,25122,685,29710,095,544934,203
Jun 2023Jun 2022Dec 2020Dec 2019
Operating Activities
Operating Profit-5,761,157-6,425,811-1,502,127-494,503
Depreciation53,36215,4221,186
Amortisation89,32125,728
Tax-986-930
Stock
Debtors-10,191283,088462,51736,500
Creditors-306,4081,039,770949,09282,483
Accruals and Deferred Income537,815328,65091,434119,827
Deferred Taxes & Provisions
Cash flow from operations-5,376,876-5,300,315-923,862-328,693
Investing Activities
capital expenditure-4,639,786-21,101,342-5,674,692-1,087,537
Change in Investments4,185,79920,822,240
cash flow from investments-8,825,585-41,923,582-5,674,692-1,087,537
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans408,812168,918
Hire Purchase and Lease Commitments242,330108,724
other long term liabilities
share issue11,946,65036,725,93910,661,4231,428,659
interest-962,539-7,613,845
cash flow from financing11,635,25329,389,73610,661,4231,428,659
cash and cash equivalents
cash1,209,7792,819,1614,065,84412,476
overdraft
change in cash1,209,7792,819,1614,065,84412,476

norge mining limited 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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Norge Mining Limited Competitor Analysis

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Perform a competitor analysis for norge mining limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other young companies, companies in W1J area or any other competitors across 12 key performance metrics.

norge mining limited Ownership

NORGE MINING LIMITED group structure

Norge Mining Limited has 5 subsidiary companies.

NORGE MINING LIMITED Shareholders

altamira foundation 33.91%
mjw holding ag 12.64%
michael wurmser 9.07%
megastar holding as 5.43%
john vergopoulos 4.76%
incentive ag 4.58%
ree mining 4.02%
iringa investment trust 3.57%
per alfin pedersen 1.09%
dr ljg bert nacken 1.09%

norge mining limited directors

Norge Mining Limited currently has 6 directors. The longest serving directors include Mr John Vergopoulos (Dec 2018) and Mr Oliver Baring (Dec 2018).

officercountryagestartendrole
Mr John VergopoulosUnited Kingdom59 years Dec 2018- Director
Mr Oliver BaringUnited Kingdom80 years Dec 2018- Director
Ingvil Tybring-GjeddeUnited Kingdom59 years Mar 2021- Director
Mr Michael HirschfieldUnited Kingdom61 years May 2021- Director
Mr Olav SkalmeraasUnited Kingdom67 years Jan 2023- Director
Mr Kristian BaderUnited Kingdom55 years Sep 2023- Director

P&L

June 2023

turnover

0

0%

operating profit

-5.8m

-10%

gross margin

0%

0%

turnover

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

Balance Sheet

June 2023

net assets

27.9m

+0.23%

total assets

29.9m

+0.24%

cash

4m

+0.43%

net assets

Total assets minus all liabilities

norge mining limited company details

company number

11703765

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

November 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

June 2023

previous names

norge mining plc (August 2022)

accountant

-

auditor

BDO LLP

address

devonshire house, c/o the explorers club, london, W1J 8AJ

Bank

HSBC BANK PLC

Legal Advisor

FLADGATE LLP

norge mining 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 norge mining limited.

norge mining 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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norge mining limited Companies House Filings - See Documents

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