How much does Norville (20/20) Limited make?

Norville (20/20) Limited reported revenue of £5.2m and a loss of £6.4m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Norville (20/20) Limited have?

Norville (20/20) Limited reported an average of 81 employees in the year to 31 Dec 2024.

Is Norville (20/20) Limited profitable?

No — Norville (20/20) Limited reported a loss of £6.4m in the year to 31 Dec 2024.

Company No. 12734351 · Incorporated 10 Jul 2020

Norville (20/20) Limited

Registered name: NORVILLE (20/20) LIMITED

Part of Inspecs Group PLC group

Norville (20/20) Limited made £5.2m revenue and a £6.4m loss in the year to 31 Dec 2024. read from filing text

Norville (20/20) Limited’s revenue grew 17% to £5.2m in the year to 31 Dec 2024, with a loss of £6.4m and 81 employees. The company is classified under “manufacture of medical and dental instruments and supplies” and is based in Bath; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32500Manufacture of medical and dental instruments and supplies

Status: Active
Location: Bath, South West
Age: 6 yrs · since 2020
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: “INSPECS Group Plc is regarded by the directors as being the company's ultimate parent company.”

Latest accounts · year to 31 Dec 2024

Key figures

Doing more with less

Revenue

£5.2m

Growth ▲17%

Profit

−£6.4m

Growth —

Profit margin

−123.5%

Gross 39.1%

Employees

Change ▼4.7%

Profit / employee

−£79.2k

Revenue/employee £64.1k

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&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£3.7m	£4.4m	£5.2m
Cost of sales	£2.8m	£2.5m	£3.2m
Gross profit	£900k	£1.9m	£2m
Operating profit	−£4.3m	−£2.1m	−£6.2m
Profit before tax	−£4.7m	−£2.3m	−£6.4m
Profit after tax	−£4.6m	−£2.3m	−£6.4m
Profit (best available)	−£4.6m	−£2.3m	−£6.4m
Staff costs	£3.2m	£2.7m	£2.8m
Employees (average)	105	85	81
Ratios
Profit margin	−125.3%	−52.2%	−123.5%
Gross margin	24.4%	43%	39.1%
Revenue per employee	£35.1k	£52.2k	£64.1k
Profit per employee	−£44k	−£27.3k	−£79.2k
Growth (year on year)
Revenue growth	—	▲20.4%	▲17%
Headcount growth	—	▼19.1%	▼4.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£318k	£153k	£57.3k
Net assets	−£5.9m	−£8.2m	−£14.6m
Fixed assets	£7.1m	£6.7m	£1m
Debtors	£778k	£662k	£935k
Deferred income	£323k	£96.3k	£865k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −123.5%; Profit ÷ revenue.
Gross margin: 39.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £64.1k; Revenue ÷ average employees.
Profit per employee: −£79.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 16.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18%; 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: —; Now −£14.6m
Cash at bank: ▼63%; Now £57.3k
Headcount: ▼5%; Now 81
Deferred income: ▲798%; Now £865k
Fixed assets: ▼85%; Now £1m

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

Corporate ownership

Group structure

Ownership chain

Inspecs Group PLCultimate parent75–100%
Inspecs Holdings Limited75–100%
Inspecs Limited75–100%
Norville (20/20) Limitedthis company

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

Sister companies (4)

Ego Eyewear LimitedRev. £8.9m · Profit −£903k
Eschenbach UK Holdings LimitedFigures not disclosed
Hardy Amies LimitedFigures not disclosed
International Eyewear LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers 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 −£6.4m), 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.