NORSE SOUTH WEST LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. NORSE SOUTH WEST LIMITED 2022-05-03 → present
2. DEVON NORSE LIMITED 2011-03-07 → 2022-05-03

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that the company should be able to operate within its current facilities due to strong forecasts and a letter of support from the parent company, Norse Group Limited, confirming financial support for at least 12 months. This allows the preparation of financial statements on a going concern basis despite the uncertain economic outlook.”

Significant events

• “The decrease in revenue is due to a reduction in the volume of catering services provided during the year with lower passthrough of direct costs. This has been mitigated by an increase in the volume of cleaning work and contract uplifts.”
• “Profit before tax has reduced due to one off charges relating to the renewal of the property lease.”
• “Changes in the average number of employees reflects movements in TFM contracts during the year, particularly within the cleaning and catering operations.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.3%

  £18,797,776 → £18,561,423

• Cash

  +25,364.5%

  £3,774 → £961,030

• Net assets

  +20.9%

  £1,634,915 → £1,976,546

• Employees

  +13.5%

  753 → 855

• Operating profit

  +16.5%

  £560,196 → £652,750

• Profit before tax

  -18.7%

  £560,196 → £455,620

• Wages

  +27.9%

  £8,195,682 → £10,482,600

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