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Thousands of shareholders are concerned about Norman's preparations for bankruptcy. Investment and construction group Normann (“Normann”) Norman construction company

Norman company was formed in 2004 as part of the SZNK holding with the aim of implementing projects in the field of residential real estate. Then, at the beginning of 2006, she separated from the holding and began working independently in the field of housing development, acting as an investor, general contractor, developer and customer.

The priority direction in the company’s activities was the construction of affordable housing under the motto “one family - one apartment.” In the summer of 2013, the company acquired PJSC Donkhlebbank. At the end of 2014, the company's annual revenue amounted to about 5 billion rubles. As of July 1, 2015, it took 20th place in the all-Russian ranking of the National Association of Developers. The volume of current housing construction in the summer of 2015 was 496,224 square meters.

At the beginning of 2020, Normann Group of Companies is known in the St. Petersburg market as a company that has not completed 7 residential complexes, three of which are located in St. Petersburg, four in the Leningrad region. The number of defrauded shareholders is over 6,000 people. At various stages of implementation, the Three Oranges residential complex, Desyatkino residential complex, Desyatkino 2.0 residential complex, Yarky residential complex, Na Zarechnaya residential complex, Moroshkino residential complex, and Normandy residential complex were frozen. Another residential complex “Izhora Park” was completed at the end of 2019 by E3 Group.

Some of the companies included in the Normann Group of Companies have been declared bankrupt, including: Normann LLC, Normann-Center LLC, Normann-Zapad. According to VLSI data, Norman-Sever LLC is in a pre-bankruptcy state. In 2019, the head of the Normann group of companies, Vladimir Smirnov, was charged with fraud on an especially large scale.

The structure of the company

Smirnov Vladimir Ivanovich is the general director of 4 companies, one of which is Norman-Holding LLC, as well as the founder of 13 organizations. These include:

  • NJSC ISG Norman;
  • Normann-Customer LLC;
  • Norman-Service LLC:
  • Norman Vesta LLC;
  • Norminfo LLC and others.

The group also includes other companies. According to VLSI data, there are over 50 companies related by executives or founders.

Cooperation with banks

"Alpine slide"

"Donkhlebbank", "Sberbank", "BFA Bank", "KhMB Otkritie", "Deltacredit", "VTB24", "TransCapitalBank"

"Three Oranges"

"Donkhlebbank", "Sberbank", "BFA Bank", "KhMB Otkritie", "DeltaCredit", "TransCapitalBank"

"Desyatkino"

"Donkhlebbank", "Bank "St. Petersburg", "Sberbank", "BFA Bank", "KhMB Otkritie", "DeltaCredit", "TransCapitalBank"

"Desyatkino 2.0"

"Donkhlebbank", "Sberbank", "KhMB Otkritie", "Deltacredit", "TransCapitalBank"

"On Zarechnaya"

"Donkhlebbank", "Sberbank", "TransCapitalBank", "Deltacredit"

"Bright"

"Donkhlebbank", "Sberbank", "TransCapitalBank", "KhMB Otkritie"

"Moroshkino"

"Donhlebbank"

Transparency and accessibility of information

At the beginning of 2020, the official website of Normann Group of Companies does not work. Finding out about the real state of affairs in the company's long-term construction projects is problematic.

Famous/public persons of the company

Kopytin Nikolay Leonidovich, November 15, 2011 replaced as General Director Investment and Construction Group "Normann" Smirnov Vladimir Ivanovich. Previously, he held the position of Administrative Director since 2011.

Kopytin Nikolay Leonidovich born in 1948 in Leningrad. Graduated with honors from the Leningrad Higher Naval Engineering School in 1971, served in the Kamchatka Military Flotilla of the Pacific Fleet. Awarded the medal "For Military Merit" for the campaign in Da Nang. Since 1980, he was an employee of the Department of Automation at the Leningrad VVMIU, and since 1991 he took the position of head of the department. Candidate of Technical Sciences. From 1996 to 1999 was sent on a business trip to Syria. After completing his military service, he worked in the management of government and commercial structures: he held the post of general director of DSK Slavyansky, general director of Lumex-Zashchita, etc. Married, has a daughter and a grandson.

Majority owner GC "Normann" - Vladimir Smirnov, came to SZNK in 2002 to the position of general director from PromStroyBank, where he was involved in project financing. Then, when in 2004 SZNK liquidated the development direction in its structure, Smirnov bought it and founded it "Norman". After leaving the post of CEO, Vladimir Ivanovich Smirnov remained on the Board of Directors as supervisor for the company’s financial development.

Vladimir Smirnov in July 2012, he invited a team of bankers led by Sergei Shcherbakov to purchase a controlling stake in a banking institution. Previously, Shcherbakov headed Svyaz-Bank and worked on the management team of Agrosoyuz Bank and the North-West Regional Center of Investtorgbank. In July 2015, the purchase of Rostov-based Donkhlebbank was announced. Sergei Shcherbakov took the post of General Director at the bank.

1. Brief information.

The construction company Normann appeared on the construction market of St. Petersburg in 2004 and combines the functions of a developer, investor and general contractor. The company is engaged in the construction of comfort and economy class housing. The developer's residential complexes are mainly located on the border of St. Petersburg and the Leningrad region. The development company Normann uses several construction technologies: monolithic brick, monolithic and.

To date, the company’s track record includes 11 completed projects, including the Nevskaya Vertical residential complex, Two Captains, Excellent, and the Kolomyagi-Briz club house.

2. Information about the founders and authorized capital

Developer LLC Norman-Holding, Taxpayer Identification Number 7802387972. Year of foundation: 2007.

The founder is:

Smirnov Vladimir Ivanovich (100%).

The authorized capital is 10,000 rubles.

3. Construction projects

Currently, the developer Norman is building seven residential complexes in St. Petersburg and Leningrad Region, for the construction of which he uses different legal entities. These companies have an authorized capital of 10,000 rubles, and the founder (except for NJSC ISG Norman and LLC Norman-Zapad) is LLC Norman-Holding.

  • Residential complex "Desyatkino" (LLC "Normann", management company 10,000 rubles) in the Vsevolozhsk district - the 1st stage was commissioned in December 2016, the delay was 1.5 years, but suddenly at the beginning of January 2017 permission to commission one building was given revoked; The deadline for the 2nd stage has been postponed from the 4th quarter. 2015 for the 1st quarter. 2018 – the delay will be more than 2 years;
  • Residential complex "Three Oranges" (LLC "Normann-Center", management company 10,000 rubles) in the Vyborg district - the 1st stage was completed in December 2016, the delay was 1 year; The deadline for the 2nd stage has been postponed from the 1st quarter. 2016 for the 1st quarter. 2018 – the delay will be 2 years;
  • Residential complex "Desyatkino 2.0" (LLC "Normann-LO", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date for the 1st stage has been postponed from the 4th quarter. 2016 for the 2nd quarter. 2018 – the delay will be 1.5 years; The deadline for the 2nd stage has been postponed from the 1st quarter. 2017 for the 1st quarter. 2019 – the delay will be 2 years;
  • Residential complex "On Zarechnaya" (NJSC "ISG Normann", management company 10,000 rubles) in the Vyborg district - the delivery date of the 1st stage has been postponed from the 1st quarter. 2016 for the 4th quarter. 2017 – the delay will be almost 2 years; The deadline for the 2nd stage has been postponed from the 4th quarter. 2017 for the 4th quarter. 2019 – the delay will be 2 years;
  • Residential complex "Izhora Park" (LLC "Normann-Yug", management company 10,000 rubles) in the Kolpinsky district - the 1st and 2nd stages were completed on time; The 3rd was completed in the 2nd quarter. 2016 with a delay of six months; The deadline for the 3rd stage has been postponed from the 4th quarter. 2015 for the 3rd quarter. 2017 – the delay will be 1.5 years;
  • Residential complex "Yarkiy" (LLC "Normann-LO", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date for the 1st stage has been postponed from the 4th quarter. 2017 for the 3rd quarter. 2018 – the delay will be more than six months; The 2nd stage is planned for delivery in the 4th quarter. 2019;
  • Residential complex "Moroshkino" (LLC "Normann-Zapad", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date for the 1st stage has been postponed from the 1st quarter. 2017 for the 3rd quarter. 2018 – the delay will be 1.5 years; The 2nd stage is planned for delivery in the 4th quarter. 2019

On the forums of shareholders there are enough negative reviews about Norman as a developer, due to the failure to meet construction deadlines. In November 2016, the company delayed the delivery of 13 houses, which are being built with the money of 6 thousand shareholders. At the same time, the company positions the postponements as honesty with customers, as reported in an interview with Fontanka. It is better to buy apartments in developer projects at a high stage of readiness, rather than at the foundation pit stage. Nevertheless, living space is in demand because... prices for apartments from Norman are in the low price category.

4. Financial indicators.

The developer "Normann" submits financial statements to Rosstat, so it seems possible to analyze the financial performance of the developer for the period 2014-2015. The financial results shown allow us to draw a number of conclusions about the developer.

Revenue and profit

Revenue is very important for understanding the financial situation of a company. The revenue of 4 out of 6 legal entities shows a tendency towards a sharp decrease (a drop of more than 72%). Indicators for developers in the Desyatkino residential complex and the Izhora Park residential complex, on the contrary, have improved. Perhaps this allowed Norman to commission the 1st stage of Desyatkino in 2016 and not postpone the deadline for Izhora Park.

The developer showed a positive net profit from 2014 to 2015. For half of the development companies, net profit decreased by almost 2 times compared to 2014. Thus, the financial situation in the company can be characterized as unstable, although judging by the latest data, the company is not operating at a loss. In terms of net profit, the Izhora Park residential complex again has the best results.

Accounts payable and receivable

The ratio of accounts payable and receivable over all these years cannot be called favorable for the company. Accounts payable overall decreased by 10%. The growth of the “creditor” for 4 out of 6 developers, which indicates that the company needed additional funds for construction.

Accounts receivable as a whole increased by 5% compared to 2014, which means the developer does not receive the full amount of funds associated with deferred customer payments. This applies to the residential complex “Na Zarechnaya”, the residential complex “Desyatkino 2.0” and the residential complex “Yarky”. Accounts receivable prevail over accounts payable, forming a surplus balance. It is worth noting that the optimal balance is between accounts payable and receivable.

Borrowed funds

For construction, the developer needs a strong leverage of attracted (borrowed) funds. The volume of long-term borrowed funds showed a downward trend (-71%), while the volume of short-term borrowed funds increased by 77% over the past year.

The structure of borrowed funds is dominated by short-term ones. This predominance in the structure of borrowed funds is a negative fact that characterizes the deterioration of the balance sheet structure and an increased risk of loss of financial stability.

As can be seen from the above data, the subsidiaries of Norman-Holding LLC are now going through difficult times. A decrease in net profit, an increase in accounts payable and short-term borrowings indicate an increase in the risk of loss of financial stability. The shift in delivery dates for 13 houses is a consequence of the unstable financial situation of the developer.

5. Accreditation of facilities in banks.

Residential complexes of the Norman company are accredited by the following banks of Russia:

  • Sberbank
  • Bank "Saint-Petersburg"
  • Opening

and others.

The developer's partner is PJSC Donkhlebbank.

6. Court cases.

The developer has accumulated a sufficient number of court cases.

Among the latter it is worth noting:

December 2016: plaintiff Committee of Property Relations of St. Petersburg for the recovery of 6.3 million rubles. rent arrears from Norman-Yug LLC;

January 2017: plaintiff Lenstroymaterialy Technostrom JSC for the recovery of 3.5 million rubles. with Norman-Stroy LLC;

January 2017: plaintiff Ariel Metal JSC for the recovery of 5.5 million rubles. debt and 1 million rubles. penalties with LLC Norman-Stroy and NJSC ISG Norman.

"Norman" acts not only as a defendant, but also as a plaintiff. In October 2016, the company filed a claim against three individuals to protect business reputation. The fact is that information discrediting the Norman company was published online. The developer demanded to refute the information by removing it from the Internet and to compensate for the damage caused. The amount of the claim was 343 million rubles. In December 2016, the Arbitration Court returned the statement of claim to the applicant due to non-compliance with the claim or other pre-trial procedure.

founded in 2004 and performs the functions of a customer, investor, developer and general contractor for residential real estate in St. Petersburg and the region. More than ten years of experience of the company already allows us to speak of it as an experienced builder.

In addition to construction organizations, the Normann Group of Companies includes the management company "Management Company "Norma Dom", the company for the repair and decoration of premises "Remstroyservis", the law firm "Normann-Consult", the information and analytical center "Norminfo". Since 2013, we have been a permanent mortgage partner.

Developer Normann builds economy-class and comfort-class houses, focusing on the needs of the mass market. It happens that houses from the Normann construction company are put into operation with slight delays. The average duration of delays is 5 months, the maximum is 15 months, they report.

December 2015: based on the results of the outgoing year from the volumes of 2014, i.e. The volume of apartments sold remained virtually unchanged.

February 2016: the construction company Normann has taken 9th place in terms of the volume of housing under construction in St. Petersburg and the Leningrad Region. Currently, the developer is working on 300 thousand square meters. meters, a third of which will be commissioned this year. Several new projects will be launched at the same time: two next stages of the Yarkiy residential complex and 2 new residential complexes; Negotiations are underway to purchase new land plots.

April 2018: Norman company posted a notice of its intention to file on the official website se.fedresurs.ru bankruptcy petition their three companies. The developer says that this is primarily a technical measure to stabilize the situation with bankruptcy claims against it from former shareholders.

October 2018: during the 2nd and 3rd quarters of this year, the developer postponed the delivery deadlines for all of its projects except the Normandy residential complex (but delays and postponements are also likely for this). According to some of them, for a year and a half. The question of Norman's real bankruptcy is found in messages on our forum.

December 2018: In 2018, the company continues the construction of 9 residential complexes, several of which have been postponed. The maximum transfer period is 39 months for the Desyatkino residential complex. As the developer promises, apartment buyers should receive the keys to the first phases of the Moroshkino and Yarkny residential complexes by the end of the 4th quarter of 2018. In total, the company's portfolio includes 6 commissioned complexes.

January 2019: according to Fontanka, the general director and co-owner of the Norman Group of Companies, Vladimir Smirnov, was detained the day before in a case of fraud on an especially large scale. Editorial sources report that Vladimir Smirnov was detained as a suspect for two days on January 30. The detention is related to a criminal case, which the Main Investigation Department of the Main Directorate of the Ministry of Internal Affairs opened under Art. 159 of the Criminal Code - fraud on an especially large scale. We are talking about several objects that Norman is building.

June 2019: structures that are part of the Normann Group are going through the stage of bankruptcy. Many lawsuits have been filed in the courts by defrauded shareholders. In May, the tax service filed a bankruptcy claim against Norman-Service. In April, the company's general director, Vladimir Smirnov, was charged with fraud on an especially large scale. According to investigators, the businessman collected 3.15 billion rubles from shareholders for the construction of the Desyatkino 2.0 residential complex in Murino. Of these funds, only 1.3 billion were spent on work. None of the projects have yet been completed. In total, the company has 8 undelivered residential complexes. It does not carry out construction on sites. And, most likely, according to the forecasts of real estate market analysts, it will officially cease to exist. The authorities of St. Petersburg and the Leningrad region have taken control of the situation with long-term construction. For four complexes - and new contractors have been found. In May, shareholders were announced new deadlines for completing the construction of the complexes.

Construction company Normann was founded in 2004. The company's management sees its main task as the construction of high-quality and affordable housing. The company's motto is the formula: “One family - one apartment.” In accordance with this, Normann designs facilities based on the rational distribution of resources, the use of only high-quality, environmentally friendly building materials, and the use of innovative technologies.

The Norman company adheres to the following rules in its work:

The layouts in the apartments are designed to be reasonable and ergonomic, so that buyers do not overpay for extra meters;

For different objects, most apartment layouts are standard, which allows reducing costs for architectural and planning solutions, and, as a result, reducing construction costs and the final price of apartments;

During construction, the most modern high-quality materials are used, and advanced technologies are also used;

Cooperation only with proven and reliable suppliers and partners. All contracts are concluded for a long term, through tenders. All prices in contracts are fixed.

The company plans to further develop, enter new segments of the real estate market, as well as achieve a leading position in the construction of economy-class housing in St. Petersburg and the Leningrad region.

Completed projects

  • Residential complex "Nevskaya Vertical" on the street. Latvian Riflemen, 5-7.
  • 16-storey residential complex on Vitebsky Prospekt, 73-75.
  • Residential complex "Two Captains" at the intersection of Leninsky Prospect and Kuznetsov Avenue. The complex consists of two high-rise (20-22 floors) buildings.
  • Club house "Kolomyagi-Breeze" on the street. Shcherbakova, 21. The house is a 5-story building of superior comfort.
  • Residential complex "Shushary", located on the street. Pervomaiskaya, 5. The residential complex was built in two stages and consists of two 19-storey buildings with economy-class apartments.
  • A low-rise residential complex in Vsevolozhsk, located in Armenian Lane, plot 26. The complex is being built in several stages. Phases 1 and 2 have already been completed and the houses have been put into operation.

Normann facilities under construction

The Normann company is currently constructing several residential complexes at once. Most of them are multi-storey brick-monolithic buildings: residential complex "Izhora Park", 1 pt. Iq. 2014, 2 pts. IV quarter 2014, 3 and 4 points. IV quarter 2015 Residential complex "Three Oranges", 1 pt. IV quarter 2015 Residential complex "Desyatkino", 1 pt. II quarter 2015, 2 pts. IV quarter 2015 Residential complex "Otlichnik", Ikv. 2014