How much does Norsk European Wholesale Limited make?

Norsk European Wholesale Limited reported revenue of £32m and a loss of £208k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Norsk European Wholesale Limited have?

Norsk European Wholesale Limited reported an average of 152 employees in the year to 31 Dec 2024.

Is Norsk European Wholesale Limited profitable?

No — Norsk European Wholesale Limited reported a loss of £208k in the year to 31 Dec 2024.

Company No. 02847809 · Incorporated 25 Aug 1993

Norsk European Wholesale Limited

Registered name: NORSK EUROPEAN WHOLESALE LIMITED

Norsk European Wholesale Limited made £32m revenue and a £208k loss in the year to 31 Dec 2024.

Norsk European Wholesale Limited’s revenue fell 14% to £32m in the year to 31 Dec 2024, with a loss of £208k and 152 employees. The company is classified under “licensed carriers” and is based in Slough; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 53201Licensed carriers

Status: Active
Location: Slough, South East
Age: 33 yrs · since 1993
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “During the year the company was under the control of the director N Meeking.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£32m

Growth ▼13.5%

Profit

−£208k

Growth ▼260.4%

Profit margin

−0.7%

Gross 32.3%

Employees

152

Change ▼19.6%

Profit / employee

−£1.4k

Revenue/employee £211k

Profitable streak

0yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33m	£37m	£32m
Cost of sales	£21.3m	£25.3m	£21.7m
Gross profit	£11.7m	£11.8m	£10.4m
Operating profit	£737k	£353k	−£65.2k
Profit before tax	£658k	£196k	−£258k
Profit after tax	£665k	£130k	−£208k
Profit (best available)	£665k	£130k	−£208k
Staff costs	£7.3m	£7.6m	£6.3m
Employees (average)	210	189	152
Ratios
Profit margin	2%	0.4%	−0.7%
Gross margin	35.5%	31.8%	32.3%
Revenue per employee	£157k	£196k	£211k
Profit per employee	£3.2k	£686	−£1.4k
Cash conversion	−286.3%	−344.6%	—
Growth (year on year)
Revenue growth	—	▲12.3%	▼13.5%
Profit growth	—	▼80.5%	▼260.4%
Headcount growth	—	▼10%	▼19.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£657k	£170k	£81.5k
Net assets	£1m	£905k	£553k
Fixed assets	£2.5m	£2.6m	£2.2m
Current assets	£5.7m	£6.6m	£6.5m
Debtors	£4.2m	£4.7m	£4.7m
Deferred income	£1m	£1m	£853k
Cash from operations	−£2.1m	−£1.2m	−£855k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −0.7%; Profit ÷ revenue.
Gross margin: 32.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £211k; Revenue ÷ average employees.
Profit per employee: −£1.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.5%; 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: ▼39%; Now £553k
Cash at bank: ▼52%; Now £81.5k
Headcount: ▼20%; Now 152
Deferred income: ▼18%; Now £853k
Fixed assets: ▼14%; Now £2.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£208k), from the Companies House accounts bulk data published Sep 2025. 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.