Norris Steam Services (london) Limited

Norris Steam Services London Ltd from London UK is a small, holding company with an active status, having been founded 53 years ago in 1972. The company employs six people and holds assets worth £1,142,971. It has a real address and is managed by four directors and two owners, boasting a Google rating of 4.0 based on 34 reviews. Norris Steam Services regularly imports machinery, boilers, and mechanical appliances, parts, with 142 months of import activity recorded.

The company operates in the repair of machinery industries. Its status is active, and it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company is a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 142 months of imports. The last import operation was conducted on March 01, 2025.

Looking at the financial data, Norris Steam Services shows some interesting trends. Cash bank on hand has taken a significant hit, dropping 80% to £78,000. Creditors have also increased by 16%, reaching £210,000, while debtors have surged by a whopping 80% to £1,000,000. This suggests the company may be extending credit to customers, which could be a strategy to boost sales, but it also carries the risk of uncollected payments. On the positive side, current assets have increased by 14% to £1,100,000, and net assets have grown by 12% to £970,000. However, the sharp decrease in final dividends paid, down 83% to £24,000, indicates the company may be reinvesting profits back into the business.

The company’s equity has also seen some changes, with retained earnings increasing by 13% to £940,000. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited. Overall, Norris Steam Services seems to be navigating a period of growth and change, with some financial pressures emerging alongside its expansion. It’s likely the company is trying to balance increased sales with managing its working capital effectively.

Registered in England/Wales under the registration number 01042541, with a registered address at E8 4QS, London, Unit 6c Crystal Court, Sheep Lane.

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