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Norace Ltd

10379189

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

BEAR COTTAGE, WOTTON-UNDER-EDGE, GL12 7DF
Incorporated 16/09/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56102
Unlicensed restaurants and cafes
56103
Take-away food shops and mobile food stands
56302
Public houses and bars

Officers

Mr Simone Palomba

director · Since 06/09/2017

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 1 other board

Miss Caroline Susan Candy

director · Since 10/07/2019

ADMINISTRATION

BRITISH · UNITED KINGDOM · Age 61

Persons with Significant Control

Miss Caroline Susan Candy

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

British · United Kingdom · Age 61

6a, Bear Street, Wotton-Under-Edge, GL12 7DF

Notified 09/02/2024

Former PSCs

Mr Simone Palomba

Ceased 09/02/2024

CompanyRankvs 952+ SIC 56101 peers
82

Financial strength98th percentile among SIC peers · 25/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 4.55× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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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.

Employees12/15 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.

Longevity10/15 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.

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

Key FinancialsYear ending 30/06/2025

Net Worth

£957k

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.2M

Current Liabilities

£256k

Fixed Assets

£24k

Debtors

£36k

16avg. employees

Balance Sheet

Assets less current liabilities£1.1M

EstimatesDerived

YearCurrent RatioImplied Profit
20254.55+£0
20254.55+£142k
20245.32+£163k
20237.32+£140k
202213.35+£273k
20217.39+£155k
20204.91+£92k
20193.71—

Derived from filed accounts. Not audited figures.