norge mining limited Company Information
Company Number
11703765
Next Accounts
Mar 2025
Shareholders
altamira foundation
mjw holding ag
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
devonshire house, c/o the explorers club, london, W1J 8AJ
Website
norgemining.comnorge mining limited Estimated Valuation
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
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
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
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2 Strong
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0 Regular
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2 Weak
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Size
There is insufficient data available for this Key Performance Indicator!
- - Norge Mining Limited
- - Industry AVG
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Growth
There is insufficient data available for this Key Performance Indicator!
- Norge Mining Limited
- - Industry AVG
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Production
There is insufficient data available for this Key Performance Indicator!
- - Norge Mining Limited
- - Industry AVG
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Profitability
There is insufficient data available for this Key Performance Indicator!
- - Norge Mining Limited
- - Industry AVG
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Employees
with 20 employees, this is below the industry average (108)
- - Norge Mining Limited
- - Industry AVG
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Pay Structure
on an average salary of £154.9k, the company has a higher pay structure (£47.4k)
- - Norge Mining Limited
- - Industry AVG
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Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Norge Mining Limited
- - Industry AVG
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Norge Mining Limited
- - Industry AVG
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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
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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
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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 House, Pomanda Estimates
Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|
Turnover | ||||
Other Income Or Grants | ||||
Cost Of Sales | ||||
Gross Profit | ||||
Admin Expenses | ||||
Operating Profit | -5,761,157 | -6,425,811 | ||
Interest Payable | 962,539 | 7,613,845 | ||
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 Costs | 3,098,963 | 2,413,208 | 739,562 | 56,900 |
Number Of Employees | 20 | 19 | 11 | 5 |
EBITDA* | -5,618,474 | -6,384,661 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|
Tangible Assets | 25,170,205 | 20,918,616 | 6,539 | |
Intangible Assets | 387,090 | 141,576 | 6,754,504 | 1,087,537 |
Investments & Other | 25,008,039 | 20,822,240 | ||
Debtors (Due After 1 year) | ||||
Total Fixed Assets | 25,557,295 | 21,060,192 | 6,761,043 | 1,087,537 |
Stock & work in progress | ||||
Trade Debtors | ||||
Group Debtors | ||||
Misc Debtors | 272,897 | 283,088 | 499,017 | 36,500 |
Cash | 4,028,940 | 2,819,161 | 4,078,320 | 12,476 |
misc current assets | ||||
total current assets | 4,301,837 | 3,102,249 | 4,577,337 | 48,976 |
total assets | 29,859,132 | 24,162,441 | 11,338,380 | 1,136,513 |
Bank overdraft | ||||
Bank loan | ||||
Trade Creditors | 733,362 | 1,039,770 | 1,031,575 | 82,483 |
Group/Directors Accounts | ||||
other short term finances | ||||
hp & lease commitments | 62,189 | 24,265 | ||
other current liabilities | 866,465 | 328,650 | 211,261 | 119,827 |
total current liabilities | 1,662,016 | 1,392,685 | 1,242,836 | 202,310 |
loans | 577,730 | 168,918 | ||
hp & lease commitments | 288,865 | 84,459 | ||
Accruals and Deferred Income | ||||
other liabilities | ||||
provisions | ||||
total long term liabilities | 288,865 | 84,459 | ||
total liabilities | 1,950,881 | 1,477,144 | 1,242,836 | 202,310 |
net assets | 27,908,251 | 22,685,297 | 10,095,544 | 934,203 |
total shareholders funds | 27,908,251 | 22,685,297 | 10,095,544 | 934,203 |
Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|
Operating Activities | ||||
Operating Profit | -5,761,157 | -6,425,811 | ||
Depreciation | 53,362 | 15,422 | 1,186 | |
Amortisation | 89,321 | 25,728 | ||
Tax | -986 | -930 | ||
Stock | ||||
Debtors | -10,191 | 283,088 | 462,517 | 36,500 |
Creditors | -306,408 | 1,039,770 | 949,092 | 82,483 |
Accruals and Deferred Income | 537,815 | 328,650 | 91,434 | 119,827 |
Deferred Taxes & Provisions | ||||
Cash flow from operations | -5,376,876 | -5,300,315 | ||
Investing Activities | ||||
capital expenditure | ||||
Change in Investments | 4,185,799 | 20,822,240 | ||
cash flow from investments | ||||
Financing Activities | ||||
Bank loans | ||||
Group/Directors Accounts | ||||
Other Short Term Loans | ||||
Long term loans | 408,812 | 168,918 | ||
Hire Purchase and Lease Commitments | 242,330 | 108,724 | ||
other long term liabilities | ||||
share issue | ||||
interest | -962,539 | -7,613,845 | ||
cash flow from financing | 11,635,253 | 29,389,736 | 10,661,423 | 1,428,659 |
cash and cash equivalents | ||||
cash | 1,209,779 | 2,819,161 | 4,065,844 | 12,476 |
overdraft | ||||
change in cash | 1,209,779 | 2,819,161 | 4,065,844 | 12,476 |
norge mining limited Credit Report and Business Information
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.
Ultimate parent company
NORGE MINING LIMITED
11703765
5 subsidiaries
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John Vergopoulos | United Kingdom | 59 years | Dec 2018 | - | Director |
Mr Oliver Baring | United Kingdom | 80 years | Dec 2018 | - | Director |
Ingvil Tybring-Gjedde | United Kingdom | 59 years | Mar 2021 | - | Director |
Mr Michael Hirschfield | United Kingdom | 61 years | May 2021 | - | Director |
Mr Olav Skalmeraas | United Kingdom | 67 years | Jan 2023 | - | Director |
Mr Kristian Bader | United Kingdom | 55 years | Sep 2023 | - | Director |
P&L
June 2023turnover
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 2023net 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
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
date | description | view/download |
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