nicholsons sealing technologies limited
nicholsons sealing technologies limited Company Information
Company Number
00188150
Website
www.nicholsons.co.ukRegistered Address
amos drive, greencroft industrial park, stanley, county durham, DH9 7YE
Industry
Other manufacturing n.e.c.
Telephone
01207523010
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
nicholsons group ltd 100%
nicholsons sealing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLSONS SEALING TECHNOLOGIES LIMITED at £14.3m based on a Turnover of £13.2m and 1.08x industry multiple (adjusted for size and gross margin).
nicholsons sealing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLSONS SEALING TECHNOLOGIES LIMITED at £25.7m based on an EBITDA of £3.3m and a 7.68x industry multiple (adjusted for size and gross margin).
nicholsons sealing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLSONS SEALING TECHNOLOGIES LIMITED at £10.7m based on Net Assets of £5.7m and 1.86x industry multiple (adjusted for liquidity).
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Nicholsons Sealing Technologies Limited Overview
Nicholsons Sealing Technologies Limited is a live company located in stanley, DH9 7YE with a Companies House number of 00188150. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 1923, it's largest shareholder is nicholsons group ltd with a 100% stake. Nicholsons Sealing Technologies Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.2m with declining growth in recent years.
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Nicholsons Sealing Technologies Limited Health Check
Pomanda's financial health check has awarded Nicholsons Sealing Technologies Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £13.2m, make it in line with the average company (£13.2m)
£13.2m - Nicholsons Sealing Technologies Limited
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4%)
-1% - Nicholsons Sealing Technologies Limited
4% - Industry AVG
Production
with a gross margin of 54%, this company has a lower cost of product (29.3%)
54% - Nicholsons Sealing Technologies Limited
29.3% - Industry AVG
Profitability
an operating margin of 20.9% make it more profitable than the average company (6.2%)
20.9% - Nicholsons Sealing Technologies Limited
6.2% - Industry AVG
Employees
with 114 employees, this is above the industry average (73)
114 - Nicholsons Sealing Technologies Limited
73 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£39.9k)
£33.5k - Nicholsons Sealing Technologies Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £115.9k, this is less efficient (£169.7k)
£115.9k - Nicholsons Sealing Technologies Limited
£169.7k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (58 days)
111 days - Nicholsons Sealing Technologies Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (45 days)
29 days - Nicholsons Sealing Technologies Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 169 days, this is more than average (69 days)
169 days - Nicholsons Sealing Technologies Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (13 weeks)
12 weeks - Nicholsons Sealing Technologies Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.4%, this is a similar level of debt than the average (50%)
54.4% - Nicholsons Sealing Technologies Limited
50% - Industry AVG
NICHOLSONS SEALING TECHNOLOGIES LIMITED financials
Nicholsons Sealing Technologies Limited's latest turnover from March 2023 is £13.2 million and the company has net assets of £5.7 million. According to their latest financial statements, Nicholsons Sealing Technologies Limited has 114 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,218,173 | 9,889,850 | 9,241,454 | 13,649,623 | 13,049,655 | 12,894,269 | 11,942,955 | 9,104,630 | 7,792,960 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 6,083,488 | 5,016,701 | 5,140,617 | 6,235,220 | 6,222,266 | 5,842,028 | 5,602,675 | 4,868,369 | 4,259,524 | |||||
| Gross Profit | 7,134,685 | 4,873,149 | 4,100,837 | 7,414,403 | 6,827,389 | 7,052,241 | 6,340,280 | 4,236,261 | 3,533,436 | 3,720,576 | 3,943,756 | 4,181,245 | 3,090,866 | 2,175,142 |
| Admin Expenses | 4,367,923 | 3,768,615 | 2,999,511 | 4,329,199 | 4,181,740 | 3,871,096 | 3,401,380 | 2,384,303 | 2,079,290 | 2,074,441 | 2,498,110 | 2,892,685 | 1,970,711 | 1,864,933 |
| Operating Profit | 2,766,762 | 1,104,534 | 1,101,326 | 3,085,204 | 2,645,649 | 3,181,145 | 2,938,900 | 1,851,958 | 1,454,146 | 1,646,135 | 1,445,646 | 1,288,560 | 1,120,155 | 310,209 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 19,043 | 27,249 | 34,772 | 50,684 | 55,728 | 64,114 | 68,088 | 66,810 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,389 | 6,317 | 17,806 | 13,647 | 9,917 | 7,501 |
| Pre-Tax Profit | 2,766,762 | 1,104,534 | 1,101,326 | 3,085,204 | 2,645,649 | 3,181,145 | 2,919,857 | 1,824,709 | 1,486,763 | 1,601,768 | 1,407,724 | 1,238,093 | 1,061,984 | 250,900 |
| Tax | -536,553 | -116,314 | -255,546 | -545,594 | -462,493 | -546,554 | -515,842 | -302,067 | -264,041 | -331,333 | -265,591 | -266,053 | -269,633 | -50,218 |
| Profit After Tax | 2,230,209 | 988,220 | 845,780 | 2,539,610 | 2,183,156 | 2,634,591 | 2,404,015 | 1,522,642 | 1,222,722 | 1,270,435 | 1,142,133 | 972,040 | 792,351 | 200,682 |
| Dividends Paid | 2,230,000 | 985,000 | 845,000 | 2,500,000 | 2,150,000 | 2,630,000 | 2,400,000 | 1,500,000 | 1,200,000 | 1,250,000 | 1,000,000 | 100,000 | 100,000 | 50,000 |
| Retained Profit | 209 | 3,220 | 780 | 39,610 | 33,156 | 4,591 | 4,015 | 22,642 | 22,722 | 20,435 | 142,133 | 872,040 | 692,351 | 150,682 |
| Employee Costs | 3,823,419 | 2,827,898 | 3,093,789 | 3,603,898 | 3,619,329 | 3,495,367 | 3,281,341 | 2,783,852 | 817,412 | 787,499 | 1,466,282 | 2,715,030 | 2,455,719 | 1,042,261 |
| Number Of Employees | 114 | 98 | 95 | 133 | 141 | 136 | 142 | 135 | 118 | 104 | 98 | 114 | 111 | 86 |
| EBITDA* | 3,349,052 | 1,677,796 | 2,078,679 | 4,065,572 | 3,498,617 | 3,840,584 | 3,518,962 | 2,279,743 | 2,015,573 | 2,044,184 | 1,802,395 | 1,732,634 | 1,325,439 | 486,175 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,098,485 | 2,419,866 | 2,914,140 | 6,656,662 | 7,192,229 | 6,115,142 | 5,490,817 | 3,351,618 | 2,630,433 | 4,740,952 | 3,211,450 | 3,000,452 | 2,690,194 | 2,736,021 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 1,872,215 | 0 | 0 | 1,918,238 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,970,700 | 4,292,081 | 4,786,355 | 8,528,877 | 9,064,444 | 7,987,357 | 7,363,032 | 5,223,833 | 4,502,648 | 6,613,167 | 5,083,665 | 3,000,452 | 2,690,194 | 4,654,259 |
| Stock & work in progress | 2,822,162 | 2,546,114 | 2,626,272 | 2,540,222 | 2,592,991 | 2,682,715 | 2,307,782 | 1,802,350 | 1,681,024 | 1,496,640 | 1,375,028 | 1,440,394 | 1,184,813 | 880,265 |
| Trade Debtors | 4,039,863 | 2,440,828 | 1,934,604 | 4,102,525 | 3,377,527 | 3,258,712 | 2,698,098 | 2,362,325 | 1,870,902 | 1,970,114 | 1,922,363 | 2,095,605 | 1,609,246 | 970,346 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 140,290 | 202,834 | 139,875 | 132,370 | 172,379 | 142,211 | 160,987 | 137,999 | 295,717 | 198,207 | 163,927 | 104,401 | 250,021 | 78,547 |
| Cash | 1,581,098 | 1,696,174 | 2,022,777 | 2,131,360 | 1,420,304 | 1,863,590 | 948,460 | 1,534,395 | 933,394 | 921,104 | 2,160,891 | 1,962,877 | 1,545,032 | 1,131,691 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,583,413 | 6,885,950 | 6,723,528 | 8,906,477 | 7,563,201 | 7,947,228 | 6,115,327 | 5,837,069 | 4,781,037 | 4,586,065 | 5,622,209 | 5,603,277 | 4,589,112 | 3,060,849 |
| total assets | 12,554,113 | 11,178,031 | 11,509,883 | 17,435,354 | 16,627,645 | 15,934,585 | 13,478,359 | 11,060,902 | 9,283,685 | 11,199,232 | 10,705,874 | 8,603,729 | 7,279,306 | 7,715,108 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,824 | 40,824 | 40,824 | 40,824 | 40,824 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,824 | 0 | 0 | 0 | 0 | 0 | 40,824 |
| Trade Creditors | 497,948 | 923,039 | 398,980 | 777,641 | 962,118 | 626,579 | 863,303 | 609,489 | 515,072 | 599,687 | 943,783 | 1,130,328 | 806,839 | 436,071 |
| Group/Directors Accounts | 5,359,809 | 4,025,559 | 4,483,963 | 9,028,018 | 8,408,801 | 7,843,100 | 5,310,840 | 3,513,108 | 2,055,659 | 735,619 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,420 | 1,420 | 1,420 | 1,420 | 0 | 8,997 |
| other current liabilities | 640,543 | 226,325 | 521,509 | 1,490,034 | 1,165,377 | 1,457,997 | 1,336,603 | 586,408 | 413,944 | 1,742,832 | 1,585,877 | 874,420 | 609,336 | 302,404 |
| total current liabilities | 6,498,300 | 5,174,923 | 5,404,452 | 11,295,693 | 10,536,296 | 9,927,676 | 7,510,746 | 4,749,829 | 3,026,919 | 3,120,382 | 2,571,904 | 2,046,992 | 1,456,999 | 788,296 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 356,342 | 397,160 | 2,310,193 | 2,451,011 | 679,615 | 820,433 | 2,719,991 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 592 | 2,012 | 3,432 | 4,852 | 0 | 4,302 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,548 |
| provisions | 326,517 | 274,021 | 379,564 | 414,574 | 405,872 | 354,588 | 319,883 | 311,016 | 237,941 | 168,294 | 101,611 | 127,838 | 141,382 | 91,419 |
| total long term liabilities | 326,517 | 274,021 | 379,564 | 414,574 | 405,872 | 354,588 | 319,883 | 667,358 | 635,693 | 2,480,499 | 2,556,054 | 812,305 | 961,815 | 2,834,260 |
| total liabilities | 6,824,817 | 5,448,944 | 5,784,016 | 11,710,267 | 10,942,168 | 10,282,264 | 7,830,629 | 5,417,187 | 3,662,612 | 5,600,881 | 5,127,958 | 2,859,297 | 2,418,814 | 3,622,556 |
| net assets | 5,729,296 | 5,729,087 | 5,725,867 | 5,725,087 | 5,685,477 | 5,652,321 | 5,647,730 | 5,643,715 | 5,621,073 | 5,598,351 | 5,577,916 | 5,744,432 | 4,860,492 | 4,092,552 |
| total shareholders funds | 5,729,296 | 5,729,087 | 5,725,867 | 5,725,087 | 5,685,477 | 5,652,321 | 5,647,730 | 5,643,715 | 5,621,073 | 5,598,351 | 5,577,916 | 5,744,432 | 4,860,492 | 4,092,552 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,766,762 | 1,104,534 | 1,101,326 | 3,085,204 | 2,645,649 | 3,181,145 | 2,938,900 | 1,851,958 | 1,454,146 | 1,646,135 | 1,445,646 | 1,288,560 | 1,120,155 | 310,209 |
| Depreciation | 582,290 | 573,262 | 977,353 | 980,368 | 852,968 | 659,439 | 580,062 | 427,785 | 561,427 | 398,049 | 356,749 | 444,074 | 205,284 | 175,966 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -536,553 | -116,314 | -255,546 | -545,594 | -462,493 | -546,554 | -515,842 | -302,067 | -264,041 | -331,333 | -265,591 | -266,053 | -269,633 | -50,218 |
| Stock | 276,048 | -80,158 | 86,050 | -52,769 | -89,724 | 374,933 | 505,432 | 121,326 | 184,384 | 121,612 | -65,366 | 255,581 | 304,548 | 880,265 |
| Debtors | 1,536,491 | 569,183 | -2,160,416 | 684,989 | 148,983 | 541,838 | 358,761 | 333,705 | -1,702 | 82,031 | -113,716 | 340,739 | 810,374 | 1,048,893 |
| Creditors | -425,091 | 524,059 | -378,661 | -184,477 | 335,539 | -236,724 | 253,814 | 94,417 | -84,615 | -344,096 | -186,545 | 323,489 | 370,768 | 436,071 |
| Accruals and Deferred Income | 414,218 | -295,184 | -968,525 | 324,657 | -292,620 | 121,394 | 750,195 | 172,464 | -1,328,888 | 156,955 | 711,457 | 265,084 | 306,932 | 302,404 |
| Deferred Taxes & Provisions | 52,496 | -105,543 | -35,010 | 8,702 | 51,284 | 34,705 | 8,867 | 73,075 | 69,647 | 66,683 | -26,227 | -13,544 | 49,963 | 91,419 |
| Cash flow from operations | 1,041,583 | 1,195,789 | 2,515,303 | 3,036,640 | 3,071,068 | 2,296,634 | 3,151,803 | 1,862,601 | 224,994 | 1,388,750 | 2,214,571 | 1,445,290 | 668,547 | -663,307 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,283,764 | -2,719,261 | -1,148,970 | 1,549,092 | -1,929,075 | -586,002 | -749,021 | -124,213 | -28,394 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,872,215 | 0 | -1,918,238 | 1,918,238 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -1,283,764 | -2,719,261 | -1,148,970 | 1,549,092 | -1,929,075 | -2,458,217 | -749,021 | 1,794,025 | -1,946,632 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -40,824 | 40,824 | 0 | 0 | 0 | 0 | -40,824 | 40,824 |
| Group/Directors Accounts | 1,334,250 | -458,404 | -4,544,055 | 619,217 | 565,701 | 2,532,260 | 1,797,732 | 1,457,449 | 1,320,040 | 735,619 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -356,342 | -40,818 | -1,913,033 | -140,818 | 1,771,396 | -140,818 | -1,899,558 | 2,719,991 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,012 | -1,420 | -1,420 | -1,420 | 6,272 | -13,299 | 13,299 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,548 | 18,548 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | -19,043 | -27,249 | 32,617 | -44,367 | -37,922 | -50,467 | -58,171 | -59,309 |
| cash flow from financing | 1,334,250 | -458,404 | -4,544,055 | 619,217 | 565,701 | 2,532,260 | 1,381,523 | 1,428,194 | -561,796 | 549,014 | 1,423,405 | -173,113 | -1,954,811 | 6,675,223 |
| cash and cash equivalents | ||||||||||||||
| cash | -115,076 | -326,603 | -108,583 | 711,056 | -443,286 | 915,130 | -585,935 | 601,001 | 12,290 | -1,239,787 | 198,014 | 417,845 | 413,341 | 1,131,691 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,824 | 0 | 0 | 0 | 0 | 40,824 | 0 |
| change in cash | -115,076 | -326,603 | -108,583 | 711,056 | -443,286 | 915,130 | -585,935 | 641,825 | 12,290 | -1,239,787 | 198,014 | 417,845 | 372,517 | 1,131,691 |
nicholsons sealing technologies limited Credit Report and Business Information
Nicholsons Sealing Technologies Limited Competitor Analysis
Perform a competitor analysis for nicholsons sealing technologies limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DH9 area or any other competitors across 12 key performance metrics.
nicholsons sealing technologies limited Ownership
NICHOLSONS SEALING TECHNOLOGIES LIMITED group structure
Nicholsons Sealing Technologies Limited has 1 subsidiary company.
Ultimate parent company
1 parent
NICHOLSONS SEALING TECHNOLOGIES LIMITED
00188150
1 subsidiary
nicholsons sealing technologies limited directors
Nicholsons Sealing Technologies Limited currently has 2 directors. The longest serving directors include Mr Nicholas Green (Nov 2003) and Miss Elizabeth Green (Jul 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Green | United Kingdom | 49 years | Nov 2003 | - | Director |
| Miss Elizabeth Green | England | 41 years | Jul 2011 | - | Director |
P&L
March 2023turnover
13.2m
+34%
operating profit
2.8m
+150%
gross margin
54%
+9.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
5.7m
0%
total assets
12.6m
+0.12%
cash
1.6m
-0.07%
net assets
Total assets minus all liabilities
nicholsons sealing technologies limited company details
company number
00188150
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
February 1923
age
101
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
nicholson seals limited (September 2002)
corrugated packing and sheet metal company,limited(the) (May 1988)
last accounts submitted
March 2023
address
amos drive, greencroft industrial park, stanley, county durham, DH9 7YE
accountant
-
auditor
LAVERICK WALTON & CO
nicholsons sealing technologies limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 12 charges/mortgages relating to nicholsons sealing technologies limited. Currently there are 2 open charges and 10 have been satisfied in the past.
nicholsons sealing technologies limited Companies House Filings - See Documents
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