{"name":"J & J ORMEROD PLC","company_number":"00931323","status":"Active","type":"Public Limited Company","incorporated":"1968-04-30","dissolved":null,"registered_office":"Avalon House, Lee Road, Bacup, Lancashire, England, OL13 0EA","postcode":"OL13 0EA","sic_codes":[{"code":32990,"description":"Other manufacturing not elsewhere classified"}],"principal_activity":"The principal activity of the company during the year was the manufacture and wholesale of kitchens, bedrooms, bathrooms and associated products","previous_names":[{"name":"J&J ORMEROD SUPPLIES LIMITED","changed_on":"1999-02-18"}],"warnings":[],"accounts":{"category":"Full","year_end":"28 February","last_made_up_to":"2025-02-28","next_due":"2026-11-30"},"employees":{"count":276,"accounts_date":"2025-02-28"},"financials":[{"financial_date":"2025-02-28","turnover":32655089,"profit_loss":-1025355,"net_assets":17149735,"cash":733137,"average_employees":276},{"financial_date":"2024-02-29","turnover":35992519,"profit_loss":-344442,"net_assets":18175090,"cash":972278,"average_employees":291},{"financial_date":"2023-02-28","turnover":38296988,"net_assets":19997018,"cash":2395529}],"officers":{"current":5,"resigned":14,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":20,"outstanding":14},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"J & J Ormerod presents a mixed credit profile: a well-established manufacturer with substantial net assets (£17.1M) and improving working capital discipline, but facing persistent revenue decline (14.7% over two years) and severe cash deterioration (69% decline to £733K). The complex ownership structure involving corporate PSCs requires scrutiny for potential cash extraction, while the employee-first culture, though commendable, may delay necessary cost adjustments. A conditional approval with financial covenants protecting against further equity erosion and requiring minimum cash thresholds would be appropriate for this credit.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/j-j-ormerod","people":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/people","filing_history":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/00931323","financials":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/financial","control":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/control","charges":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/j-j-ormerod/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/j-j-ormerod"}