norwich city services limited
norwich city services limited Company Information
Company Number
12656036
Website
norwich.gov.ukRegistered Address
city hall st. peters street, norwich, NR2 1NH
Industry
Other personal service activities n.e.c.
Cleaning services (other than disinfecting and extermination services) n.e.c.
Telephone
03449803333
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
norwich city council 100%
norwich city services limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH CITY SERVICES LIMITED at £8.8m based on a Turnover of £16.8m and 0.52x industry multiple (adjusted for size and gross margin).
norwich city services limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH CITY SERVICES LIMITED at £1.4m based on an EBITDA of £395.2k and a 3.44x industry multiple (adjusted for size and gross margin).
norwich city services limited Estimated Valuation
Pomanda estimates the enterprise value of NORWICH CITY SERVICES LIMITED at £0 based on Net Assets of £-1m and 2.33x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Norwich City Services Limited Overview
Norwich City Services Limited is a live company located in norwich, NR2 1NH with a Companies House number of 12656036. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2020, it's largest shareholder is norwich city council with a 100% stake. Norwich City Services Limited is a startup, mid sized company, Pomanda has estimated its turnover at £16.8m with unknown growth in recent years.
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Norwich City Services Limited Health Check
Pomanda's financial health check has awarded Norwich City Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £16.8m, make it larger than the average company (£414.3k)
£16.8m - Norwich City Services Limited
£414.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Norwich City Services Limited
- - Industry AVG
Production
with a gross margin of 15.7%, this company has a higher cost of product (39.6%)
15.7% - Norwich City Services Limited
39.6% - Industry AVG
Profitability
an operating margin of -5% make it less profitable than the average company (8.6%)
-5% - Norwich City Services Limited
8.6% - Industry AVG
Employees
with 317 employees, this is above the industry average (12)
317 - Norwich City Services Limited
12 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has a higher pay structure (£20.7k)
£30.3k - Norwich City Services Limited
£20.7k - Industry AVG
Efficiency
resulting in sales per employee of £53k, this is equally as efficient (£48k)
£53k - Norwich City Services Limited
£48k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (49 days)
2 days - Norwich City Services Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is slower than average (22 days)
26 days - Norwich City Services Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (17 days)
4 days - Norwich City Services Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (29 weeks)
9 weeks - Norwich City Services Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.3%, this is a higher level of debt than the average (53.6%)
113.3% - Norwich City Services Limited
53.6% - Industry AVG
NORWICH CITY SERVICES LIMITED financials
Norwich City Services Limited's latest turnover from March 2023 is £16.8 million and the company has net assets of -£1 million. According to their latest financial statements, Norwich City Services Limited has 317 employees and maintains cash reserves of £927.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Turnover | 16,796,243 | 7,020,831 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 14,167,003 | 5,510,954 | |
| Gross Profit | 2,629,240 | 1,509,877 | |
| Admin Expenses | 3,465,999 | 1,777,843 | |
| Operating Profit | -836,759 | -267,966 | |
| Interest Payable | 138,849 | 104,560 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | -975,608 | -372,526 | |
| Tax | 0 | 0 | |
| Profit After Tax | -975,608 | -372,526 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | -975,608 | -372,526 | |
| Employee Costs | 9,606,401 | 4,383,833 | |
| Number Of Employees | 317 | 188 | |
| EBITDA* | 395,241 | 441,772 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 4,320,236 | 4,790,844 | 1,940,911 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 4,320,236 | 4,790,844 | 1,940,911 |
| Stock & work in progress | 169,995 | 37,736 | 0 |
| Trade Debtors | 112,488 | 50,754 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 2,149,963 | 42,066 | 279,130 |
| Cash | 927,613 | 1,474,895 | 513,958 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 3,360,059 | 1,605,451 | 793,088 |
| total assets | 7,680,295 | 6,396,295 | 2,733,999 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,029,649 | 356,145 | 108,247 |
| Group/Directors Accounts | 40,000 | 40,000 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 1,087,891 | 1,207,547 | 0 |
| other current liabilities | 2,834,911 | 901,705 | 250,792 |
| total current liabilities | 4,992,451 | 2,505,397 | 359,039 |
| loans | 1,740,000 | 1,760,000 | 1,640,000 |
| hp & lease commitments | 1,965,363 | 2,172,809 | 404,345 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 3,705,363 | 3,932,809 | 2,044,345 |
| total liabilities | 8,697,814 | 6,438,206 | 2,403,384 |
| net assets | -1,017,519 | -41,911 | 330,615 |
| total shareholders funds | -1,017,519 | -41,911 | 330,615 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -836,759 | -267,966 | |
| Depreciation | 1,232,000 | 709,738 | |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | |
| Stock | 132,259 | 37,736 | 0 |
| Debtors | 2,169,631 | -186,310 | 279,130 |
| Creditors | 673,504 | 247,898 | 108,247 |
| Accruals and Deferred Income | 1,933,206 | 650,913 | 250,792 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 700,061 | 1,489,157 | |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 40,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -20,000 | 120,000 | 1,640,000 |
| Hire Purchase and Lease Commitments | -327,102 | 2,976,011 | 404,345 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -138,849 | -104,560 | |
| cash flow from financing | -485,951 | 3,031,451 | |
| cash and cash equivalents | |||
| cash | -547,282 | 960,937 | 513,958 |
| overdraft | 0 | 0 | 0 |
| change in cash | -547,282 | 960,937 | 513,958 |
norwich city services limited Credit Report and Business Information
Norwich City Services Limited Competitor Analysis
Perform a competitor analysis for norwich city services limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in NR2 area or any other competitors across 12 key performance metrics.
norwich city services limited Ownership
NORWICH CITY SERVICES LIMITED group structure
Norwich City Services Limited has no subsidiary companies.
Ultimate parent company
NORWICH CITY COUNCIL
#0071707
1 parent
NORWICH CITY SERVICES LIMITED
12656036
norwich city services limited directors
Norwich City Services Limited currently has 7 directors. The longest serving directors include Mr Keith Carter (May 2023) and Mr Alistair Merrick (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Carter | England | 68 years | May 2023 | - | Director |
| Mr Alistair Merrick | England | 63 years | May 2023 | - | Director |
| Ms Joanna Sedley-Burke | England | 56 years | May 2023 | - | Director |
| Ms Harriet Llewelyn-Davies | 69 years | Jun 2023 | - | Director | |
| Mr Robert Granville | 60 years | Jun 2023 | - | Director | |
| Mr Benjamin Ticehurst | England | 62 years | Jul 2023 | - | Director |
| Mr Terence Noys | England | 63 years | Jul 2023 | - | Director |
P&L
March 2023turnover
16.8m
+139%
operating profit
-836.8k
+212%
gross margin
15.7%
-27.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-1m
+23.28%
total assets
7.7m
+0.2%
cash
927.6k
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
norwich city services limited company details
company number
12656036
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
81299 - Cleaning services (other than disinfecting and extermination services) n.e.c.
81291 - Disinfecting and extermination services
incorporation date
June 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
ASTON SHAW LIMITED
address
city hall st. peters street, norwich, NR2 1NH
Bank
-
Legal Advisor
-
norwich city services 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 norwich city services limited.
norwich city services limited Companies House Filings - See Documents
| date | description | view/download |
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