How much does Norco Composites Ltd make?

Norco Composites Ltd reported revenue of £15.8m and a loss of £555k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Norco Composites Ltd have?

Norco Composites Ltd reported an average of 175 employees in the year to 31 Dec 2025.

Is Norco Composites Ltd profitable?

No — Norco Composites Ltd reported a loss of £555k in the year to 31 Dec 2025.

Company No. 09911658 · Incorporated 10 Dec 2015

Norco Composites Ltd

Registered name: NORCO COMPOSITES LTD

Part of Norco Holdings Ltd group

Norco Composites Ltd made £15.8m revenue and a £555k loss in the year to 31 Dec 2025. read from filing text

Norco Composites Ltd’s revenue fell 7% to £15.8m in the year to 31 Dec 2025, with a loss of £555k and 175 employees. The company is classified under “other specialised construction activities” and is based in Poole; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Poole, South West
Age: 10 yrs · since 2015
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: “The company is controlled by Norco Holdings Ltd, a company registered in England and Wales, by virtue of its 100% holding in the company's issued share capital. The ultimate controlling party is Mr M ”

Latest accounts · year to 31 Dec 2025

Key figures

Boring industry

Revenue

£15.8m

Growth ▼6.6%

Profit

−£555k

Growth ▼267.1%

Profit margin

−3.5%

Gross 40.8%

Employees

175

Change ▼4.9%

Profit / employee

−£3.2k

Revenue/employee £90.2k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£6.6m	£17.8m	£16.9m	£15.8m
Cost of sales	£3.4m	£10.8m	£10.9m	£9.4m
Gross profit	£3.2m	£7.1m	£6.1m	£6.4m
Operating profit	£1.2m	£1.9m	£276k	−£500k
Profit before tax	£1.2m	£1.9m	£269k	−£543k
Profit after tax	£1m	£1.4m	£332k	−£555k
Profit (best available)	£1m	£1.4m	£332k	−£555k
Staff costs	£2.5m	£7m	£7.8m	£7.8m
Employees (average)	62	176	184	175
Ratios
Profit margin	15.2%	8.1%	2%	−3.5%
Gross margin	48.4%	39.7%	35.8%	40.8%
Revenue per employee	£106k	£101k	£91.9k	£90.2k
Profit per employee	£16.1k	£8.2k	£1.8k	−£3.2k
Growth (year on year)
Revenue growth	—	▲171.1%	▼5.2%	▼6.6%
Profit growth	—	▲44%	▼77%	▼267.1%
Headcount growth	—	▲183.9%	▲4.5%	▼4.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£2.5m	£2.5m	£811k
Net assets	£3.5m	£5m	£5m	£4.2m
Fixed assets	£1.3m	£1.2m	£1.8m	£1.6m
Current assets	£7.2m	£10.5m	£9.7m	£9m
Debtors	£826k	£3m	£1.7m	£2m
Deferred income	£3.1m	£3.2m	£3.5m	£3.6m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −3.5%; Profit ÷ revenue.
Gross margin: 40.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £90.2k; Revenue ÷ average employees.
Profit per employee: −£3.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 23.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.5%; 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: ▼17%; Now £4.2m
Cash at bank: ▼67%; Now £811k
Headcount: ▼5%; Now 175
Deferred income: ▲5%; Now £3.6m
Fixed assets: ▼9%; Now £1.6m

Corporate ownership

Group structure

Ownership chain

Norco Holdings Ltdultimate parent75–100%
Norco Composites Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Norco G R P LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£555k), from the Companies House accounts bulk data published Sep 2026. 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.