norscot joinery limited

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norscot joinery limited Company Information

Share NORSCOT JOINERY LIMITED
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Company Number

SC090662

Registered 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

£1.4m

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

£0

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

£1.4m

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).

Valuation Calculator
This valuation is estimated based on financial data from June 2023 

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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

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £4.1m, make it larger than the average company (£196.5k)

£4.1m - Norscot Joinery Limited

£196.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.8%)

9% - Norscot Joinery Limited

7.8% - Industry AVG

production

Production

with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)

25.4% - Norscot Joinery Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of -34.2% make it less profitable than the average company (5.6%)

-34.2% - Norscot Joinery Limited

5.6% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (2)

60 - Norscot Joinery Limited

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)

£32.6k - Norscot Joinery Limited

£32.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £67.7k, this is less efficient (£115.4k)

£67.7k - Norscot Joinery Limited

£115.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is earlier than average (53 days)

38 days - Norscot Joinery Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 55 days, this is slower than average (43 days)

55 days - Norscot Joinery Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 51 days, this is more than average (14 days)

51 days - Norscot Joinery Limited

14 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Norscot Joinery Limited Competitor Analysis

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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 Shareholders

norscot joinery (holdings) ltd 100%

norscot joinery limited directors

Norscot Joinery Limited currently has 1 director, Mr Tom Wang serving since Jun 2023.

officercountryagestartendrole
Mr Tom WangEngland46 years Jun 2023- Director

NORSCOT JOINERY LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover4,060,7545,155,8973,754,5903,145,1163,695,1544,639,0343,708,6593,928,0924,340,9433,776,1074,060,1716,736,8624,326,9073,516,772
Other Income Or Grants00000000000000
Cost Of Sales3,030,9223,880,1972,711,5802,292,5252,596,1333,185,5882,441,3432,601,6912,922,8312,318,6452,482,8314,200,0322,735,3172,178,790
Gross Profit1,029,8321,275,7001,043,010852,5911,099,0211,453,4451,267,3151,326,4001,418,1111,457,4611,577,3402,536,8301,591,5901,337,982
Admin Expenses2,418,241451,932964,612699,632968,1001,337,3121,138,8871,242,7181,519,0201,979,4041,697,8932,163,1811,631,849-218,896
Operating Profit-1,388,409823,76878,398152,959130,921116,133128,42883,682-100,909-521,943-120,553373,649-40,2591,556,878
Interest Payable02,1341,8102730302814000000
Interest Receivable27,08810,4697475733,2371,5165957269491,3951,8071,7691,397634
Pre-Tax Profit-1,361,321832,10277,335153,505134,128117,619128,99584,394-99,960-520,548-118,746375,417-38,8621,557,511
Tax0-158,099-14,694-29,166-25,484-22,348-24,509-16,879000-90,1000-436,103
Profit After Tax-1,361,321674,00362,641124,339108,64495,271104,48667,515-99,960-520,548-118,746285,317-38,8621,121,408
Dividends Paid00000000000000
Retained Profit-1,361,321674,00362,641124,339108,64495,271104,48667,515-99,960-520,548-118,746285,317-38,8621,121,408
Employee Costs1,957,5601,706,0871,342,0001,654,8261,646,7651,931,8641,624,1431,871,2111,887,565779,528874,7831,490,527964,337605,953
Number Of Employees6063636363585250502223452920
EBITDA*-1,288,488937,510192,033249,029199,439180,648193,755147,684-39,292-469,262-54,377441,70033,9451,634,240

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets851,446682,458669,659580,258428,286379,320414,479351,153392,885292,122730,791725,902766,029793,712
Intangible Assets0000001,5007,50013,50019,50025,500000
Investments & Other00000111111111
Debtors (Due After 1 year)00125,00000000000000
Total Fixed Assets851,446682,458794,659580,258428,286379,321415,980358,654406,386311,623756,292725,903766,030793,713
Stock & work in progress428,503961,938637,798475,220393,768598,413464,559362,188340,877354,205630,315604,058591,430536,802
Trade Debtors431,233509,381261,55867,252286,257399,363262,744317,131269,687391,699214,403589,565199,787216,201
Group Debtors3939393926121,324230,387188,815175,00000000
Misc Debtors78,589216,54048,882222,228226,727214,31731,24121,82133,30300000
Cash340,918742,613932,427561,146584,946278,307328,068148,025142,554237,144320,984401,899305,499253,443
misc current assets000000000004,2857,97813,077
total current assets1,279,2822,430,5111,880,7041,325,8851,491,7241,611,7241,316,9991,037,980961,421983,0481,165,7021,599,8071,104,6941,019,523
total assets2,130,7283,112,9692,675,3631,906,1431,920,0101,991,0451,732,9791,396,6341,367,8071,294,6711,921,9942,325,7101,870,7241,813,236
Bank overdraft000460427462460442000000
Bank loan009,50700000000000
Trade Creditors 460,231406,433538,420141,354372,045480,907475,278299,885312,982471,725584,610848,905646,428550,792
Group/Directors Accounts00000000000000
other short term finances001,18800000000000
hp & lease commitments85,57972,58083,42459,18336,13342,11749,72336,28732,84000000
other current liabilities840,183541,991505,912331,591378,654443,920268,448251,938221,70700000
total current liabilities1,385,9931,021,0041,138,451532,588787,259967,406793,909588,552567,529471,725584,610848,905646,428550,792
loans0048,18300000000000
hp & lease commitments41,02569,462142,042139,83835,68046,34288,46055,86782,59400000
Accruals and Deferred Income00000000000000
other liabilities0000000005,302013,96422,73531,332
provisions149,523106,995105,18254,85342,54631,41606,09139,07539,07538,26744,97869,01559,704
total long term liabilities190,548176,457295,407194,69178,22677,75888,46061,958121,66944,37738,26758,94291,75091,036
total liabilities1,576,5411,197,4611,433,858727,279865,4851,045,164882,369650,510689,198516,102622,877907,847738,178641,828
net assets554,1871,915,5081,241,5051,178,8641,054,525945,881850,610746,124678,609778,5691,299,1171,417,8631,132,5461,171,408
total shareholders funds554,1871,915,5081,241,5051,178,8641,054,525945,881850,610746,124678,609778,5691,299,1171,417,8631,132,5461,171,408
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-1,388,409823,76878,398152,959130,921116,133128,42883,682-100,909-521,943-120,553373,649-40,2591,556,878
Depreciation99,921113,742113,63596,07068,51863,01559,32758,00255,61746,68161,67668,05174,20477,362
Amortisation000001,5006,0006,0006,0006,0004,500000
Tax0-158,099-14,694-29,166-25,484-22,348-24,509-16,879000-90,1000-436,103
Stock-533,435324,140162,57881,452-204,645133,854102,37121,311-13,328-276,11026,25712,62854,628536,802
Debtors-216,099290,481145,960-223,491-221,994210,632-3,39549,77786,291177,296-375,162389,778-16,414216,201
Creditors53,798-131,987397,066-230,691-108,8625,629175,393-13,097-158,743-112,885-264,295202,47795,636550,792
Accruals and Deferred Income298,19236,079174,321-47,063-65,266175,47216,51030,231221,70700000
Deferred Taxes & Provisions42,5281,81350,32912,30711,13031,416-6,091-32,9840808-6,711-24,0379,31159,704
Cash flow from operations-144,43670,695490,51796,455437,59626,331256,08243,867-49,291-482,52523,522127,634100,6781,055,630
Investing Activities
capital expenditure-268,909-126,541-203,036-248,042-117,484-27,856-122,6530-156,380391,988-96,565-27,924-46,521-871,074
Change in Investments0000-1000000001
cash flow from investments-268,909-126,541-203,036-248,042-117,483-27,856-122,6530-156,380391,988-96,565-27,924-46,521-871,075
Financing Activities
Bank loans0-9,5079,50700000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 0-1,1881,18800000000000
Long term loans0-48,18348,18300000000000
Hire Purchase and Lease Commitments-15,438-83,42426,445127,208-16,646-49,72446,029-23,280115,43400000
other long term liabilities00000000-5,3025,302-13,964-8,771-8,59731,332
share issue000000000000050,000
interest27,0888,335-1,0635463,2071,4865677129491,3951,8071,7691,397634
cash flow from financing11,650-133,96784,260127,754-13,439-48,23846,596-22,568111,0816,697-12,157-7,002-7,20081,966
cash and cash equivalents
cash-401,695-189,814371,281-23,800306,639-49,761180,0435,471-94,590-83,840-80,91596,40052,056253,443
overdraft00-46033-35218442000000
change in cash-401,695-189,814371,741-23,833306,674-49,763180,0255,029-94,590-83,840-80,91596,40052,056253,443

P&L

June 2023

turnover

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 2023

net 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.

charges

norscot joinery limited Companies House Filings - See Documents

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