NORCO COMPOSITES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-23 (in 7mo)
Last made up 2025-12-09
Watchouts
None on the register
Cash
£2M
-0.5% vs 2023
Net assets
£5M
+1.1% highest in 5 filed years
Employees
184
+4.5% highest in 5 filed years
Profit before tax
£269K
-85.5% lowest in 4 filed years
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £5,678,837 | — | £17,832,246 | £16,907,967 | |
| Operating profit | — | £807,552 | — | £1,862,669 | £275,595 | |
| Profit before tax | — | £785,515 | £1,153,592 | £1,859,796 | £269,445 | |
| Net profit | — | £581,321 | £1,000,394 | £1,441,019 | £332,059 | |
| Cash | £1,096,471 | £1,973,608 | £1,030,255 | £2,473,682 | £2,461,022 | |
| Total assets less current liabilities | £2,958,520 | £3,335,483 | £4,202,531 | £5,419,430 | £5,692,505 | |
| Net assets | £1,965,765 | £2,547,086 | £3,547,480 | £4,988,499 | £5,045,558 | |
| Equity | £1,965,765 | £2,547,086 | £3,547,480 | £4,988,499 | £5,045,558 | |
| Average employees | 47 | 57 | 62 | 176 | 184 | |
| Wages | — | £1,853,665 | £2,195,164 | £6,235,216 | £6,991,544 | |
| Directors' remuneration | — | — | £0 | £7,920 | £8,134 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.2%
£17,832,246 £16,907,967
-
Cash
-0.5%
£2,473,682 £2,461,022
-
Net assets
+1.1%
£4,988,499 £5,045,558
highest in 5 filed years
-
Employees
+4.5%
176 184
highest in 5 filed years
-
Operating profit
-85.2%
£1,862,669 £275,595
lowest in 3 filed years
-
Profit before tax
-85.5%
£1,859,796 £269,445
lowest in 4 filed years
-
Wages
+12.1%
£6,235,216 £6,991,544
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 14.2% | — | 10.4% | 1.6% | |
| Net margin | — | 10.2% | — | 8.1% | 2.0% | |
| Return on capital employed | — | 24.2% | — | 34.4% | 4.8% | |
| Gearing (liabilities / total assets) | — | — | — | 57.6% | 55.9% | |
| Current ratio | — | — | — | 1.66x | 1.68x | |
| Interest cover | — | 36.65x | — | 85.48x | 9.80x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Norco invested in several CNC cutting, 3D Printing and additive manufacturing machines in the last QTR of 2024. Norco have re-purposed one of the manufacturing facilities and dedicated this to CNC cutting & 3D printing. This facility has ensured growth in the internal capabilities whilst also providing a service for external customers.”
- “Norco will look to purchase an additional 21½ acre site adjacent to the Winfrith facility and have plans in place to develop a new facility to support our growth in the defence sector.”
- “A new autoclave will be installed at Holton Heath to support our aerospace customers.”
- “Norco will also continue to invest through 2025 in people and infrastructure to ensure Norco can meet the business strategy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLAYDON, Katie | Secretary | 2021-08-01 | — | — |
| NORTHEY, Mark William | Director | 2015-12-10 | Nov 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLAYDON, Katie | Secretary | 2018-05-21 | 2020-12-31 |
| TINEY, Alison | Secretary | 2020-12-31 | 2021-07-31 |
| NICHOLSON-COLE, Henry | Director | 2019-08-15 | 2022-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Norco Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2023-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-17 | AA | accounts | Accounts with accounts type small | |
| 2022-07-14 | AUD | auditors | Auditors resignation company | |
| 2022-07-14 | AUD | auditors | Auditors resignation company | |
| 2022-07-05 | AUD | auditors | Auditors resignation company | |
| 2021-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AA | accounts | Accounts with accounts type small | |
| 2021-08-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-01-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-01-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-15 | AA | accounts | Accounts with accounts type audited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.