Company Overview
Norace Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 16 September 2016, so this is a well established company. Norace Ltd has been in business for 9 years and 6 months. The accounts status is total exemption full and the accounts are next due on Tuesday 31 March 2026.
Registered Address

Bear Cottage, 6A Bear Street, Wotton-Under-Edge, GL12 7DF
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Companies House Data
Company NameNORACE LTD
Company Number10379189
Registered Office AddressBear Cottage
 6a Bear Street
 GL12 7DF
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/09/2016
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2027
Accounts Last Made Up Date30/06/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date14/10/2017
Directors & Members
Show Resigned
Caroline Candy - Director
(British, 61 years old, born April 1965)
Appointed 10 July 2019
 Active
Simone Palomba - Director
(British, 59 years old, born April 1967)
Appointed 06 September 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Caroline Candy
No companies found
Simone Palomba
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2022 30-Jun-2021
Balance Sheet
Fixed Assets 12,700 12,700 0
Current Assets 791,742 791,742 438,575
Creditors Due Within One Year 134,212 134,212 59,321
Working Cap 657,530 657,530 379,254
Total Assets Less Current Liabilities 670,230 670,230 379,254
Long-term Liabilities 159,132 159,132 141,048
Net Assets 511,098 511,098 238,206
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 511,098 511,098 238,206
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2022 30-Jun-2021
Tangible Fixed Assets - - -
Fixed Assets 1.6% 1.6% 0.0%
Stocks Inventory - - -
Debtors 3.4% 3.4% 4.1%
Cash Bank In Hand 95.0% 95.0% 95.9%
Current Assets 98.4% 98.4% 100.0%
Creditors Due Within One Year 16.7% 16.7% 13.5%
Net Current Assets Liabilities 81.7% 81.7% 86.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 63.5% 63.5% 54.3%
Capital Employed - - -
Total Assets Less Current Liabilities 83.3% 83.3% 86.5%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2022 30-Jun-2021
Liquidity Ratio 5.9 5.9 7.4
Solvency Ratio 2.7 2.7 2.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2022 30-Jun-2021
Assets 804,442 804,442 438,575
Debt 293,344 293,344 200,369
Net Assets/Debt 511,098 511,098 238,206

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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 GL12 7DF
OFTTECH SYSTEMS LIMITED
3 Bear Street, Wotton-Under-Edge, Gloucestershire, GL12 7DF
BEAR STREET GARAGE LIMITED
BEAR STREET, WOTTON UNDER EDGE, GLOS, GL12 7DF
Document Filings
Confirmation statement made on 4 November 2025 with no updates
Confirmation statement made on 4 November 2024 with no updates
Change of details for Miss Caroline Susan Candy as a person with significant control on 23 August 2024
Cessation of Simone Palomba as a person with significant control on 9 February 2024
Notification of Caroline Susan Candy as a person with significant control on 9 February 2024
Confirmation statement made on 4 November 2023 with no updates
Confirmation statement made on 19 October 2023 with no updates
Change of details for Mr Simone Palomba as a person with significant control on 10 October 2018
Registered office address changed from C/O Windyridge Amberley Stroud Gloucestershire GL5 5AA England to Bear Cottage 6a Bear Street Wotton-Under-Edge GL12 7DF on 1 August 2023
Registered office address changed from Bear Cottage 6a Bear Street Wotton-Under-Edge GL12 7DF England to C/O Windyridge Amberley Stroud Gloucestershire GL5 5AA on 4 April 2023
Confirmation statement made on 19 October 2022 with no updates
Confirmation statement made on 19 October 2021 with no updates
Director's details changed for Mr Simone Palomba on 30 June 2021
Confirmation statement made on 19 October 2020 with no updates
Director's details changed for Mr Simone Palomba on 10 September 2018
Confirmation statement made on 19 October 2019 with updates
Appointment of Mrs Caroline Susan Candy as a director on 10 July 2019
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