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J. Norcross Limited

01332780

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

RYELANDS FARM BARFF ROAD, LINCOLN, LN4 2DU
Incorporated 05/10/1977

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 07/09/2025

Due 21/09/2026

On track

Industry

01110
Growing of cereals (except rice), leguminous crops and oil seeds

Officers

Mr Michael John Norcross

director · Since 07/03/1992

FARMER

BRITISH · UNITED KINGDOM · Age 67

Also on 1 other board

Mr Michael John Norcross

secretary · Since 08/01/2020

Also on 1 other board

Persons with Significant Control

Mr Michael John Norcross

75–100% shares

British · United Kingdom · Age 67

Ryelands Farm, Barff Road, Lincoln, LN4 2DU

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

CLYDESDALE BANK PLC

Created 08/05/2014Registered 10/05/2014
Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK)

Created 14/04/2014Registered 16/04/2014
charge
outstanding

MICHAEL JOHN NORCROSS AND PESNISON SEXPLAINED LIMITED BEING THE CURRENT TRUSTEES OF THENORCROSS

Created 28/07/2006Registered 17/08/2006

CompanyRankvs 1510+ SIC 01110 peers
54

Financial strength32th percentile among SIC peers · 8/25
Employees39th percentile among SIC peers · 6/15
LiquidityCurrent ratio 13.91× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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64
How is this score calculated?
Financial strength8/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

£197k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£165k

Working capital

Current Assets

£136k

Current Liabilities

£10k

Fixed Assets

£37k

2avg. employees

Balance Sheet

Assets less current liabilities£201k
Signed by 01332780 2023-11-01 2024-10-31 01332780 2024-10-31 01332780 bus: 1 1 2024-10-31 01332780 core:CurrentFinancialInstrumentPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
202413.91-£24k
202350.53-£35k
202211.09-£27k
2021213.67-£23k
2020150.80-£24k
20197.78—

Derived from filed accounts. Not audited figures.