Normans Of Billingham Limited

Normans Of Billingham Ltd, based in Billingham, UK, is a small, active family business established 36 years ago. With 34 employees and £772,221 in assets, it’s a well-established player in the region. The company, run by three directors and two owners, boasts a stellar 5.0 Google rating from 28 reviews, indicating high customer satisfaction. It functions as an irregular importer, primarily dealing with paper and paperboard products, with the last import operation occurring two months ago.

The company's website, normansbusiness.co.uk, showcases a broad range of business supplies, from workwear and technology to furniture and educational resources. It operates as a B2B supplier, catering to various industries and offering services like office interiors and print promotions. The site features a login area for existing customers, highlighting its focus on repeat business and account management. It’s clear that Normans isn’t solely an e-commerce operation, but rather a service-oriented supplier with a strong local presence, evidenced by multiple physical locations and phone numbers listed.

Financially, the picture is mixed. While net assets remained relatively stable at £350,000, cash reserves took a hit, dropping 49% to £17,000. Bank borrowings increased significantly, rising 44% to £270,000, suggesting increased reliance on credit. Trade creditors also increased, rising 19% to £470,000, which could be a sign of delayed payments. On a positive note, trade debtors decreased by 45%, indicating better collection of outstanding invoices. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in debt warrants close monitoring. The unaudited financial statements, exempt due to its small size, rely on director-reported data. It's worth noting that the company's employee numbers increased by 12% to 38, which could be contributing to the higher debt levels.

Registered in England/Wales under the registration number 02306265, with a registered address at TS23 4BX, Billingham, Cleveland, Unit 5 Royce Avenue, Cowpen Lane Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.