norscot joinery limited Company Information
Company Number
SC090662
Website
www.norscot.co.ukRegistered Address
bower workshops, bower, wick, caithness, KW1 4TL
Industry
Joinery installation
Telephone
01955641303
Next Accounts Due
March 2025
Group Structure
View All
Directors
Tom Wang0 Years
Shareholders
norscot joinery (holdings) ltd 100%
norscot joinery limited Estimated Valuation
Pomanda estimates the enterprise value of NORSCOT JOINERY LIMITED at £1.4m based on a Turnover of £4.1m and 0.35x industry multiple (adjusted for size and gross margin).
norscot joinery limited Estimated Valuation
Pomanda estimates the enterprise value of NORSCOT JOINERY LIMITED at £0 based on an EBITDA of £-1.3m and a 3.24x industry multiple (adjusted for size and gross margin).
norscot joinery limited Estimated Valuation
Pomanda estimates the enterprise value of NORSCOT JOINERY LIMITED at £1.4m based on Net Assets of £554.2k and 2.57x industry multiple (adjusted for liquidity).
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Norscot Joinery Limited Overview
Norscot Joinery Limited is a live company located in wick, KW1 4TL with a Companies House number of SC090662. It operates in the joinery installation sector, SIC Code 43320. Founded in November 1984, it's largest shareholder is norscot joinery (holdings) ltd with a 100% stake. Norscot Joinery Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.
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Norscot Joinery Limited Health Check
Pomanda's financial health check has awarded Norscot Joinery Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £4.1m, make it larger than the average company (£196.5k)
- Norscot Joinery Limited
£196.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.8%)
- Norscot Joinery Limited
7.8% - Industry AVG
Production
with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)
- Norscot Joinery Limited
25.4% - Industry AVG
Profitability
an operating margin of -34.2% make it less profitable than the average company (5.6%)
- Norscot Joinery Limited
5.6% - Industry AVG
Employees
with 60 employees, this is above the industry average (2)
60 - Norscot Joinery Limited
2 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
- Norscot Joinery Limited
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £67.7k, this is less efficient (£115.4k)
- Norscot Joinery Limited
£115.4k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (53 days)
- Norscot Joinery Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (43 days)
- Norscot Joinery Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (14 days)
- Norscot Joinery Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (25 weeks)
12 weeks - Norscot Joinery Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74%, this is a higher level of debt than the average (61.6%)
74% - Norscot Joinery Limited
61.6% - Industry AVG
norscot joinery limited Credit Report and Business Information
Norscot Joinery Limited Competitor Analysis
Perform a competitor analysis for norscot joinery limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
norscot joinery limited Ownership
NORSCOT JOINERY LIMITED group structure
Norscot Joinery Limited has 1 subsidiary company.
Ultimate parent company
2 parents
NORSCOT JOINERY LIMITED
SC090662
1 subsidiary
norscot joinery limited directors
Norscot Joinery Limited currently has 1 director, Mr Tom Wang serving since Jun 2023.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Tom Wang | England | 46 years | Jun 2023 | - | Director |
NORSCOT JOINERY LIMITED financials
Norscot Joinery Limited's latest turnover from June 2023 is estimated at £4.1 million and the company has net assets of £554.2 thousand. According to their latest financial statements, Norscot Joinery Limited has 60 employees and maintains cash reserves of £340.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 60 | 63 | 63 | 63 | 63 | 58 | 52 | 50 | 50 | |||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 851,446 | 682,458 | 669,659 | 580,258 | 428,286 | 379,320 | 414,479 | 351,153 | 392,885 | 292,122 | 730,791 | 725,902 | 766,029 | 793,712 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,500 | 7,500 | 13,500 | 19,500 | 25,500 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Debtors (Due After 1 year) | 0 | 0 | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 851,446 | 682,458 | 794,659 | 580,258 | 428,286 | 379,321 | 415,980 | 358,654 | 406,386 | 311,623 | 756,292 | 725,903 | 766,030 | 793,713 |
Stock & work in progress | 428,503 | 961,938 | 637,798 | 475,220 | 393,768 | 598,413 | 464,559 | 362,188 | 340,877 | 354,205 | 630,315 | 604,058 | 591,430 | 536,802 |
Trade Debtors | 431,233 | 509,381 | 261,558 | 67,252 | 286,257 | 399,363 | 262,744 | 317,131 | 269,687 | 391,699 | 214,403 | 589,565 | 199,787 | 216,201 |
Group Debtors | 39 | 39 | 39 | 39 | 26 | 121,324 | 230,387 | 188,815 | 175,000 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 78,589 | 216,540 | 48,882 | 222,228 | 226,727 | 214,317 | 31,241 | 21,821 | 33,303 | 0 | 0 | 0 | 0 | 0 |
Cash | 340,918 | 742,613 | 932,427 | 561,146 | 584,946 | 278,307 | 328,068 | 148,025 | 142,554 | 237,144 | 320,984 | 401,899 | 305,499 | 253,443 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,285 | 7,978 | 13,077 |
total current assets | 1,279,282 | 2,430,511 | 1,880,704 | 1,325,885 | 1,491,724 | 1,611,724 | 1,316,999 | 1,037,980 | 961,421 | 983,048 | 1,165,702 | 1,599,807 | 1,104,694 | 1,019,523 |
total assets | 2,130,728 | 3,112,969 | 2,675,363 | 1,906,143 | 1,920,010 | 1,991,045 | 1,732,979 | 1,396,634 | 1,367,807 | 1,294,671 | 1,921,994 | 2,325,710 | 1,870,724 | 1,813,236 |
Bank overdraft | 0 | 0 | 0 | 460 | 427 | 462 | 460 | 442 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 9,507 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 460,231 | 406,433 | 538,420 | 141,354 | 372,045 | 480,907 | 475,278 | 299,885 | 312,982 | 471,725 | 584,610 | 848,905 | 646,428 | 550,792 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 1,188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 85,579 | 72,580 | 83,424 | 59,183 | 36,133 | 42,117 | 49,723 | 36,287 | 32,840 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 840,183 | 541,991 | 505,912 | 331,591 | 378,654 | 443,920 | 268,448 | 251,938 | 221,707 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,385,993 | 1,021,004 | 1,138,451 | 532,588 | 787,259 | 967,406 | 793,909 | 588,552 | 567,529 | 471,725 | 584,610 | 848,905 | 646,428 | 550,792 |
loans | 0 | 0 | 48,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 41,025 | 69,462 | 142,042 | 139,838 | 35,680 | 46,342 | 88,460 | 55,867 | 82,594 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,302 | 0 | 13,964 | 22,735 | 31,332 |
provisions | 149,523 | 106,995 | 105,182 | 54,853 | 42,546 | 31,416 | 0 | 6,091 | 39,075 | 39,075 | 38,267 | 44,978 | 69,015 | 59,704 |
total long term liabilities | 190,548 | 176,457 | 295,407 | 194,691 | 78,226 | 77,758 | 88,460 | 61,958 | 121,669 | 44,377 | 38,267 | 58,942 | 91,750 | 91,036 |
total liabilities | 1,576,541 | 1,197,461 | 1,433,858 | 727,279 | 865,485 | 1,045,164 | 882,369 | 650,510 | 689,198 | 516,102 | 622,877 | 907,847 | 738,178 | 641,828 |
net assets | 554,187 | 1,915,508 | 1,241,505 | 1,178,864 | 1,054,525 | 945,881 | 850,610 | 746,124 | 678,609 | 778,569 | 1,299,117 | 1,417,863 | 1,132,546 | 1,171,408 |
total shareholders funds | 554,187 | 1,915,508 | 1,241,505 | 1,178,864 | 1,054,525 | 945,881 | 850,610 | 746,124 | 678,609 | 778,569 | 1,299,117 | 1,417,863 | 1,132,546 | 1,171,408 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 99,921 | 113,742 | 113,635 | 96,070 | 68,518 | 63,015 | 59,327 | 58,002 | 55,617 | 46,681 | 61,676 | 68,051 | 74,204 | 77,362 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 1,500 | 6,000 | 6,000 | 6,000 | 6,000 | 4,500 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -533,435 | 324,140 | 162,578 | 81,452 | -204,645 | 133,854 | 102,371 | 21,311 | -13,328 | -276,110 | 26,257 | 12,628 | 54,628 | 536,802 |
Debtors | -216,099 | 290,481 | 145,960 | -223,491 | -221,994 | 210,632 | -3,395 | 49,777 | 86,291 | 177,296 | -375,162 | 389,778 | -16,414 | 216,201 |
Creditors | 53,798 | -131,987 | 397,066 | -230,691 | -108,862 | 5,629 | 175,393 | -13,097 | -158,743 | -112,885 | -264,295 | 202,477 | 95,636 | 550,792 |
Accruals and Deferred Income | 298,192 | 36,079 | 174,321 | -47,063 | -65,266 | 175,472 | 16,510 | 30,231 | 221,707 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 42,528 | 1,813 | 50,329 | 12,307 | 11,130 | 31,416 | -6,091 | -32,984 | 0 | 808 | -6,711 | -24,037 | 9,311 | 59,704 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | 0 | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
cash flow from investments | 0 | |||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | -9,507 | 9,507 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | -1,188 | 1,188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | -48,183 | 48,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -15,438 | -83,424 | 26,445 | 127,208 | -16,646 | -49,724 | 46,029 | -23,280 | 115,434 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,302 | 5,302 | -13,964 | -8,771 | -8,597 | 31,332 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -401,695 | -189,814 | 371,281 | -23,800 | 306,639 | -49,761 | 180,043 | 5,471 | -94,590 | -83,840 | -80,915 | 96,400 | 52,056 | 253,443 |
overdraft | 0 | 0 | -460 | 33 | -35 | 2 | 18 | 442 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -401,695 | -189,814 | 371,741 | -23,833 | 306,674 | -49,763 | 180,025 | 5,029 | -94,590 | -83,840 | -80,915 | 96,400 | 52,056 | 253,443 |
P&L
June 2023turnover
4.1m
-21%
operating profit
-1.4m
0%
gross margin
25.4%
+2.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
554.2k
-0.71%
total assets
2.1m
-0.32%
cash
340.9k
-0.54%
net assets
Total assets minus all liabilities
norscot joinery limited company details
company number
SC090662
Type
Private limited with Share Capital
industry
43320 - Joinery installation
incorporation date
November 1984
age
40
accounts
Total Exemption Full
ultimate parent company
previous names
fairmitre (highland) limited (March 1985)
incorporated
UK
address
bower workshops, bower, wick, caithness, KW1 4TL
last accounts submitted
June 2023
norscot joinery 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 11 charges/mortgages relating to norscot joinery limited. Currently there are 0 open charges and 11 have been satisfied in the past.
norscot joinery limited Companies House Filings - See Documents
date | description | view/download |
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