How much does Norrie Logan Ltd make?

Norrie Logan Ltd reported revenue of £5.6m and £1m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Norrie Logan Ltd have?

Norrie Logan Ltd reported an average of 17 employees in the year to 31 Mar 2024.

Is Norrie Logan Ltd profitable?

Yes — Norrie Logan Ltd reported a profit of £1m in the year to 31 Mar 2024.

Company No. 11880859 · Incorporated 13 Mar 2019

Norrie Logan Ltd

Registered name: NORRIE LOGAN LTD

Norrie Logan Ltd made £5.6m revenue and £1m profit in the year to 31 Mar 2024.

Norrie Logan Ltd’s revenue grew 68% to £5.6m in the year to 31 Mar 2024, with £1m profit and 17 employees. The company is classified under “agents specialized in the sale of other particular products” and is based in Wisbech; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46180Agents specialized in the sale of other particular products

Status: Active
Location: Wisbech, East of England
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Mar 2024

Key figures

Independent

Revenue

£5.6m

Growth ▲67.8%

Profit

£1m

Growth ▲48.3%

Profit margin

18.1%

Gross 39.8%

Employees

Change ▲112.5%

Profit / employee

£59.9k

Revenue/employee £331k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.2m	£3.4m	£5.6m
Cost of sales	£1.2m	£2m	£3.4m
Gross profit	£934k	£1.4m	£2.2m
Operating profit	£619k	£848k	£1.3m
Profit before tax	£619k	£848k	£1.3m
Profit after tax	£501k	£687k	£1m
Profit (best available)	£501k	£687k	£1m
Employees (average)	5	8	17
Ratios
Profit margin	23.2%	20.5%	18.1%
Gross margin	43.2%	41.4%	39.8%
Revenue per employee	£433k	£419k	£331k
Profit per employee	£100k	£85.9k	£59.9k
Growth (year on year)
Revenue growth	—	▲55%	▲67.8%
Profit growth	—	▲37.1%	▲48.3%
Headcount growth	—	▲60%	▲112.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£106k	£267k	£374k
Net assets	£1m	£1.8m	£2.8m
Fixed assets	£643k	£894k	£1.1m
Current assets	£527k	£1.1m	£2.3m
Debtors	£294k	£551k	£851k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: 18.1%; Profit ÷ revenue.
Gross margin: 39.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £331k; Revenue ÷ average employees.
Profit per employee: £59.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲56%; Now £2.8m
Cash at bank: ▲40%; Now £374k
Headcount: ▲113%; Now 17
Deferred income: —; Now —
Fixed assets: ▲25%; Now £1.1m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £1m), from the Companies House accounts bulk data published Nov 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.