How much does Norco Group Limited make?

Norco Group Limited reported revenue of £15.7m and £579k profit in the year to 28 Sep 2025, according to its accounts filed at Companies House.

How many employees does Norco Group Limited have?

Norco Group Limited reported an average of 115 employees in the year to 28 Sep 2025.

Is Norco Group Limited profitable?

Yes — Norco Group Limited reported a profit of £579k in the year to 28 Sep 2025.

Company No. SC235198 · Incorporated 12 Aug 2002

Norco Group Limited

Registered name: NORCO GROUP LIMITED

Part of Norco Engineering Limited group

Norco Group Limited made £15.7m revenue and £579k profit in the year to 28 Sep 2025. read from filing text

Norco Group Limited’s revenue grew 12% to £15.7m in the year to 28 Sep 2025, with £579k profit and 115 employees. The company is classified under “engineering design activities for industrial process and production” and is based in Aberdeen; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71121Engineering design activities for industrial process and production SIC 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.SIC 82990Other business support service activities n.e.c.

Status: Active
Location: Aberdeen, Scotland
Age: 24 yrs · since 2002
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 ultimate controlling party is director R Sharp.”

Latest accounts · year to 28 Sep 2025

Key figures

Revenue

£15.7m

Growth ▲11.7%

Profit

£579k

Growth ▼7.4%

Profit margin

3.7%

Gross 21%

Employees

115

Change ▲7.5%

Profit / employee

£5k

Revenue/employee £136k

Profitable streak

3yrs

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	29 Sep 2022	29 Sep 2023	29 Sep 2024	28 Sep 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£12.7m	£14m	£15.7m
Cost of sales	—	£9.7m	£10.7m	£12.4m
Gross profit	—	£3.1m	£3.3m	£3.3m
Operating profit	—	£527k	£486k	£602k
Profit before tax	—	£479k	£423k	£483k
Profit after tax	—	£367k	£625k	£579k
Profit (best available)	—	£367k	£625k	£579k
Staff costs	—	£4.6m	£4.9m	£5.5m
Employees (average)	111	108	107	115
Ratios
Profit margin	—	2.9%	4.5%	3.7%
Gross margin	—	24.1%	23.8%	21%
Revenue per employee	—	£118k	£131k	£136k
Profit per employee	—	£3.4k	£5.8k	£5k
Growth (year on year)
Revenue growth	—	—	▲10.3%	▲11.7%
Profit growth	—	—	▲70.5%	▼7.4%
Headcount growth	—	▼2.7%	▼0.9%	▲7.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£230k	£137k	£127k	£440k
Net assets	£2.8m	£3.2m	£3.8m	£4.4m
Fixed assets	£1.4m	£1.5m	£1.6m	£1.8m
Current assets	£4.1m	£5.5m	£6m	£7.7m
Debtors	£1.6m	£2.1m	£2.5m	£3.5m
Deferred income	—	—	£212k	£162k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.7%; Profit ÷ revenue.
Gross margin: 21%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £136k; Revenue ÷ average employees.
Profit per employee: £5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.1%; 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: ▲15%; Now £4.4m
Cash at bank: ▲246%; Now £440k
Headcount: ▲7%; Now 115
Deferred income: ▼23%; Now £162k
Fixed assets: ▲8%; Now £1.8m

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

Norco Engineering Limitedultimate parent75–100%
Norco Group Limitedthis company

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

Subsidiaries (4)

Masterpower Electronics LimitedFigures not disclosed
Norco Batteries (UK) LimitedFigures not disclosed
Norco Energy LimitedFigures not disclosed
Norco Rentals 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 28 Sep 2025 (profit £579k), 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.