Company Overview
Norseland Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 08 March 1965, so this is a well established company. Norseland Limited has been in business for 61 years and 1 month. The accounts status is full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Somerton Road, Ilchester, Yeovil, Somerset, BA22 8JL
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Companies House Data
Company NameNORSELAND LIMITED
Company Number00840256
Registered Office AddressSomerton Road
 Ilchester
 BA22 8JL
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date08/03/1965
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryFULL
Returns Next Due Date04/09/2016
Returns Last Made Up Date07/08/2015
Previous Company NameChanged Date
NORSELAND LIMITED09 Apr 2025
ILCHESTER CHEESE COMPANY LIMITED22 Sep 2009
Directors & Members
Show Resigned
Just Bunaes-Naess - Director
(Norwegian, 49 years old, born October 1977)
Appointed 24 September 2025
 Active
James Catchpole - Director
(British, 48 years old, born September 1978)
Appointed 01 August 2023
 Active
Ketil Haddeland - Director
(Norwegian, 62 years old, born April 1964)
Appointed 24 September 2025
 Active
Jakub Schejn - Director
(Polish, 42 years old, born July 1984)
Appointed 24 September 2025
 Active
Erik Smith-Hansen - Director
(Norwegian, 55 years old, born December 1971)
Appointed 21 September 2023
 Active
Secretaries
Show Resigned
James Catchpole - Secretary
Appointed 21 September 2023
 Active
Other Company Directorships
Just Bunaes-Naess
No companies found
James Catchpole
GREEN DOOR PEOPLE DEVELOPMENT LIMITED
NORSELAND HOLDINGS LIMITED
PHONEFOOD LIMITED
RIDGEBRICK LIMITED
Ketil Haddeland
No companies found
Jakub Schejn
No companies found
Erik Smith-Hansen
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 3,826,371 3,826,371 4,384,041
Current Assets 20,122,430 20,122,430 21,013,504
Creditors Due Within One Year 18,801,185 18,801,185 21,200,337
Working Cap 1,321,245 1,321,245 -186,833
Total Assets Less Current Liabilities 5,147,616 5,147,616 4,197,208
Long-term Liabilities 1,080 1,080 3,240
Net Assets 5,146,536 5,146,536 4,193,968
Share Capital & Reserves
Share Cap 35,000 35,000 35,000
Profit & Loss Reserves 5,111,536 5,111,536 4,158,968
Other Reserves 0 0 0
Shareholders Funds 5,146,536 5,146,536 4,193,968
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 16.0% 16.0% 17.3%
Stocks Inventory 15.9% 15.9% 14.1%
Debtors 68.1% 68.1% 67.6%
Cash Bank In Hand 0.0% 0.0% 1.0%
Current Assets 84.0% 84.0% 82.7%
Creditors Due Within One Year 78.5% 78.5% 83.5%
Net Current Assets Liabilities 5.5% 5.5% -0.7%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 21.5% 21.5% 16.5%
Called Up Share Capital 0.1% 0.1% 0.1%
Share Capital Allotted Called Up Paid 0.1% 0.1% 0.1%
Profit Loss Account Reserve 21.3% 21.3% 16.4%
Shareholder Funds 21.5% 21.5% 16.5%
Capital Employed - - -
Total Assets Less Current Liabilities 21.5% 21.5% 16.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2012 31-Dec-2011
Liquidity Ratio 1.1 1.1 1.0
Solvency Ratio 1.3 1.3 1.2
Reserves to Assets 0.2 0.2 0.2
Secured Creditors Unlock full report
Mortgages Charges 6
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 6
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2012 31-Dec-2011
Assets 23,948,801 23,948,801 25,397,545
Debt 18,802,265 18,802,265 21,203,577
Net Assets/Debt 5,146,536 5,146,536 4,193,968

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BA22 8JL
RIDGEBRICK LIMITED
RIDGEBRICK LIMITED, SOMERTON ROAD, ILCHESTER, SOMERSET, BA22 8JL
STEPHEN MERRIGAN LTD
Barn 5 Southmead Farm, Ilchester, Yeovil, Somerset, BA22 8JL
CHEDINGTON FARMS LIMITED
No.1 Colmore Square, Birmingham, West Midlands, BA22 8JL
PHONEFOOD LIMITED
SOMERTON ROAD, ILCHESTER, YEOVIL, SOMERSET, BA22 8JL
NORSELAND HOLDINGS LIMITED
NORSELAND, SOMERTON ROAD, ILCHESTER, SOMERSET, BA22 8JL
Document Filings
Termination of appointment of Mads Bendixby as a director on 24 September 2025
Appointment of Mr Just Bunaes-Naess as a director on 24 September 2025
Appointment of Mr Ketil Haddeland as a director on 24 September 2025
Appointment of Mr Jakub Schejn as a director on 24 September 2025
Confirmation statement made on 7 August 2025 with no updates
Registered office address changed from Somerton Road Ilchester Yeovil Somerset BA22 8JL to Ilchester Cheese Co Ltd Somerton Road Ilchester Yeovil Somerset BA22 8JL on 16 April 2025
Certificate of change of name
Confirmation statement made on 7 August 2024 with no updates
Appointment of Mr Mads Bendixby as a director on 17 November 2023
Termination of appointment of Merete Simonsen as a director on 17 November 2023
Appointment of Mr Erik Smith-Hansen as a director on 21 September 2023
Termination of appointment of Gunnar Hovland as a director on 23 September 2023
Termination of appointment of Lise Falkfjell as a director on 21 September 2023
Appointment of Mr James Christopher Catchpole as a secretary on 21 September 2023
Termination of appointment of Lise Falkfjell as a secretary on 21 September 2023
Confirmation statement made on 7 August 2023 with no updates
Appointment of Mr James Christopher Catchpole as a director on 1 August 2023
Confirmation statement made on 7 August 2022 with no updates
Appointment of Ms Merete Simonsen as a director on 27 June 2022
Appointment of Mr Gunnar Hovland as a director on 16 March 2022
Termination of appointment of Richard Lawrence as a director on 16 March 2022
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