NORMIC DEVELOPMENT COMPANY LIMITED
Company number 00483640 · Monitor this company
Executive summary
Normic Development Company Limited is a long-established, family-controlled property investment vehicle operating from prime Wimbledon real estate, with a substantial £10.5M net asset base characterised by exceptionally low leverage (5.3% gearing). However, the company faces growing liquidity pressures — cash has declined 93% from £2.68M in 2018 to just £175K in 2025, resulting in net current liabilities of £420K — and the latest financial year delivered a negative return, with the P&L reserve declining by £55K. The strategic shift from direct property ownership toward investment holdings (£9.87M, representing 88% of total assets) reflects portfolio restructuring, though unrealised losses on these investments (£350K revaluation deficit) indicate exposure to current market headwinds. While the unleveraged balance sheet provides significant downside protection, the declining liquidity and sub-zero real returns suggest the company may be sacrificing operational flexibility for capital preservation.
Shareholders' funds
£10,422,579
Balance sheet as at 2025-04-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1950-06-22
- Employees
- 3 (2025 accounts)
- Registered office
- 129 Pelham Rd, Wimbledon, London, SW19 1NZ
- Postcode
- SW19 1NZ
- Capital
- 47,600 GBP
- Accounts category
- Unaudited Abridged
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2025-04-30
- Next due by
- 2027-01-31
- Financial year end
- 30 April
Confirmation statement
- Last statement dated
- 2026-06-19
- Next due by
- 2027-07-03
Nature of business (SIC)
- 68100 Buying and selling of own real estate
Officers 4 current · 4 resigned
Among its peers
Top 1%
by shareholders' funds, of 3,566 similar companies in SW
Among the biggest employers among its local peers (3 staff).
Among the oldest 25% of its local peers, trading since 1950.
Competitors London
This company ranks 32 among buying and selling of own real estate in London.
Property in England & Wales 1 title
- Freehold
- 1
- Most recent registration
- 1982-01-21
- Where
- Greater London
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| SGL334254 | Greater London | Freehold | 1982-01-21 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.