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Norco Composites Ltd

09911658

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

37 COMMERCIAL ROAD, POOLE, BH14 0HU
Incorporated 10/12/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Mark William Northey

director · Since 10/12/2015

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 3 other boards

Mrs Katie Claydon

secretary · Since 01/08/2021

Persons with Significant Control

Norco Holdings Limited

75–100% shares
75–100% votes
Appoint directors

37, Commercial Road, Poole, BH14 0HU

Reg: 09910733 · Companies House · Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 14/06/2016Registered 17/06/2016

CompanyRankvs 4822+ SIC 43999 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.68× · 16/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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4822Norco Composites Ltd
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity16/20 pts

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

Longevity11/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g

Key FinancialsYear ending 31/12/2024

Net Worth

£5.0M

Balance sheet strength

Cash

£2.5M

Cash in the bank

Profit Before Tax

£269k

Bottom line earnings

Net Current Assets

£3.9M

Working capital

Current Assets

£9.7M

Current Liabilities

£5.8M

Fixed Assets

£1.8M

Debtors

£5.8M

Cost of Sales

£10.9M

Admin Expenses

£5.6M

Profit After Tax

£332k

184avg. employees+8

Tax at Year End

Corp tax£0
Dividends paid£275k

People Costs

Wages & salaries£7.0M

Balance Sheet

Intangible assets£10k
Assets less current liabilities£5.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.68+£57k
20231.66+£1.4M
20221.69+£1.0M
20211.42—

Derived from filed accounts. Not audited figures.