nord 2 limited
nord 2 limited Company Information
Company Number
13091190
Next Accounts
Mar 2025
Directors
Shareholders
urban eye properties limited
Group Structure
View All
Industry
Development of building projects
Registered Address
11a sydenham hill, london, SE26 6SH
Website
-nord 2 limited Estimated Valuation
Pomanda estimates the enterprise value of NORD 2 LIMITED at £3.3m based on a Turnover of £6m and 0.54x industry multiple (adjusted for size and gross margin).
nord 2 limited Estimated Valuation
Pomanda estimates the enterprise value of NORD 2 LIMITED at £872.7k based on an EBITDA of £203.3k and a 4.29x industry multiple (adjusted for size and gross margin).
nord 2 limited Estimated Valuation
Pomanda estimates the enterprise value of NORD 2 LIMITED at £0 based on Net Assets of £-891.6k and 1.41x industry multiple (adjusted for liquidity).
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Nord 2 Limited Overview
Nord 2 Limited is a live company located in london, SE26 6SH with a Companies House number of 13091190. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2020, it's largest shareholder is urban eye properties limited with a 100% stake. Nord 2 Limited is a young, mid sized company, Pomanda has estimated its turnover at £6m with unknown growth in recent years.
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Nord 2 Limited Health Check
Pomanda's financial health check has awarded Nord 2 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £6m, make it larger than the average company (£2.2m)
- Nord 2 Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Nord 2 Limited
- - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
- Nord 2 Limited
26.4% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (7.2%)
- Nord 2 Limited
7.2% - Industry AVG
Employees
with 22 employees, this is above the industry average (6)
- Nord 2 Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
- Nord 2 Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £272.3k, this is equally as efficient (£276.5k)
- Nord 2 Limited
£276.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Nord 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Nord 2 Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 310 days, this is more than average (168 days)
- Nord 2 Limited
168 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Nord 2 Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122.6%, this is a higher level of debt than the average (73.1%)
122.6% - Nord 2 Limited
73.1% - Industry AVG
NORD 2 LIMITED financials
Nord 2 Limited's latest turnover from June 2023 is estimated at £6 million and the company has net assets of -£891.6 thousand. According to their latest financial statements, we estimate that Nord 2 Limited has 22 employees and maintains cash reserves of £1 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 3,749,607 | 3,769,017 | 3,753,442 |
| Trade Debtors | |||
| Group Debtors | 79,654 | 75,390 | |
| Misc Debtors | 123,887 | 59,251 | |
| Cash | 1 | 1 | 1 |
| misc current assets | |||
| total current assets | 3,953,149 | 3,903,659 | 3,753,443 |
| total assets | 3,953,149 | 3,903,659 | 3,753,443 |
| Bank overdraft | 4,109,700 | 4,466,137 | 3,101,524 |
| Bank loan | |||
| Trade Creditors | |||
| Group/Directors Accounts | 528,876 | 705,312 | |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 206,214 | 60,748 | 216,982 |
| total current liabilities | 4,844,790 | 4,526,885 | 4,023,818 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 4,844,790 | 4,526,885 | 4,023,818 |
| net assets | -891,641 | -623,226 | -270,375 |
| total shareholders funds | -891,641 | -623,226 | -270,375 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | -19,410 | 15,575 | 3,753,442 |
| Debtors | 68,900 | 134,641 | |
| Creditors | |||
| Accruals and Deferred Income | 145,466 | -156,234 | 216,982 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 528,876 | -705,312 | 705,312 |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 1 | ||
| overdraft | -356,437 | 1,364,613 | 3,101,524 |
| change in cash | 356,437 | -1,364,613 | -3,101,523 |
nord 2 limited Credit Report and Business Information
Nord 2 Limited Competitor Analysis
Perform a competitor analysis for nord 2 limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in SE26 area or any other competitors across 12 key performance metrics.
nord 2 limited Ownership
NORD 2 LIMITED group structure
Nord 2 Limited has no subsidiary companies.
nord 2 limited directors
Nord 2 Limited currently has 1 director, Mr John Smart serving since Dec 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Smart | England | 56 years | Dec 2020 | - | Director |
P&L
June 2023turnover
6m
+7%
operating profit
203.3k
0%
gross margin
26.4%
+6.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-891.6k
+0.43%
total assets
4m
+0.01%
cash
1
0%
net assets
Total assets minus all liabilities
Similar Companies
nord 2 limited company details
company number
13091190
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
GALLOWAY ACCOUNTING
auditor
-
address
11a sydenham hill, london, SE26 6SH
Bank
-
Legal Advisor
-
nord 2 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 found 5 charges/mortgages relating to nord 2 limited. Currently there are 4 open charges and 1 have been satisfied in the past.
nord 2 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.
Click to start generating capital raising & share issue transactions for NORD 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
nord 2 limited Companies House Filings - See Documents
| date | description | view/download |
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