Pomanda estimates the enterprise value of NIC ICE LIMITED at £49.1m based on a Turnover of £38.6m and 1.27x industry multiple (adjusted for size and gross margin).
nic ice limitedEstimated Valuation
£760.5k
Pomanda estimates the enterprise value of NIC ICE LIMITED at £760.5k based on an EBITDA of £87.6k and a 8.68x industry multiple (adjusted for size and gross margin).
nic ice limitedEstimated Valuation
£20.8m
Pomanda estimates the enterprise value of NIC ICE LIMITED at £20.8m based on Net Assets of £10.5m and 1.98x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Nic Ice LimitedOverview
Nic Ice Limited is a live company located in essex, IG11 0HZ with a Companies House number of 00394506. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in April 1945, it's largest shareholder is
nic enterprises limited
with a 100% stake. Nic Ice Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£38.6m with
high
growth in recent years.
Pomanda's financial health check has awarded Nic Ice Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £38.6m, make it larger than the average company (£24.1m)
£38.6m - Nic Ice Limited
£24.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.6%)
19% - Nic Ice Limited
7.6% - Industry AVG
Production
with a gross margin of 35.6%, this company has a lower cost of product (25%)
35.6% - Nic Ice Limited
25% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (3.6%)
-3% - Nic Ice Limited
3.6% - Industry AVG
Employees
with 243 employees, this is above the industry average (110)
243 - Nic Ice Limited
110 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£39.3k)
£41.1k - Nic Ice Limited
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £158.8k, this is less efficient (£235.6k)
£158.8k - Nic Ice Limited
£235.6k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (47 days)
35 days - Nic Ice Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (44 days)
14 days - Nic Ice Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 120 days, this is more than average (49 days)
120 days - Nic Ice Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is average cash available to meet short term requirements (7 weeks)
8 weeks - Nic Ice Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.7%, this is a higher level of debt than the average (56.2%)
65.7% - Nic Ice Limited
56.2% - Industry AVG
NIC ICE LIMITED financials
EXPORT
Nic Ice Limited's latest turnover from December 2023 is £38.6 million and the company has net assets of £10.5 million. According to their latest financial statements, Nic Ice Limited has 243 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Jan 2012
Jan 2011
Jan 2010
Turnover
38,597,455
40,073,429
30,020,949
22,636,735
16,345,737
18,524,139
17,975,808
10,602,918
9,827,912
9,756,448
8,358,187
7,539,607
7,603,480
6,763,996
6,602,764
Other Income Or Grants
Cost Of Sales
24,844,452
25,215,350
18,965,031
14,157,093
10,053,666
11,173,624
10,416,541
5,397,409
4,853,986
5,072,541
4,455,787
4,178,134
4,334,840
3,785,701
3,772,850
Gross Profit
13,753,003
14,858,079
11,055,918
8,479,642
6,292,071
7,350,515
7,559,267
5,205,509
4,973,926
4,683,907
3,902,400
3,361,473
3,268,640
2,978,295
2,829,914
Admin Expenses
14,909,889
11,153,598
11,648,149
9,264,054
6,203,843
6,640,303
6,535,207
4,146,809
3,739,446
3,493,203
3,181,190
2,566,283
2,914,504
2,611,862
2,527,627
Operating Profit
-1,156,886
3,704,481
-592,231
-784,412
88,228
710,212
1,024,060
1,058,700
1,234,480
1,190,704
721,210
795,190
354,136
366,433
302,287
Interest Payable
779,119
272,165
132,565
176,214
136,683
139,811
82,259
48,000
91,321
643,033
151,752
155,395
170,820
174,433
211,139
Interest Receivable
8,274
125
603
88
267
13
127
13
1,209
13
13
Pre-Tax Profit
-1,927,731
3,432,441
-724,796
3,106,446
597,366
570,489
942,068
1,010,713
1,143,286
981,171
569,458
639,808
184,525
192,013
91,161
Tax
969,355
-106,441
251,484
375,529
12,208
-103,389
-249,191
-192,051
-232,244
-228,095
-162,649
-178,590
-42,689
-57,495
-21,447
Profit After Tax
-958,376
3,326,000
-473,312
3,481,975
609,574
467,100
692,877
818,662
911,042
753,076
406,809
461,218
141,836
134,518
69,714
Dividends Paid
988,000
2,800,000
800,000
Retained Profit
-958,376
3,326,000
-473,312
3,481,975
-378,426
467,100
-2,107,123
18,662
911,042
753,076
406,809
461,218
141,836
134,518
69,714
Employee Costs
9,986,529
10,499,772
8,732,427
7,173,950
4,807,268
4,782,689
4,428,109
2,662,865
2,469,746
2,361,592
1,907,915
1,501,257
1,634,900
1,439,252
1,405,975
Number Of Employees
243
293
278
250
166
167
153
76
68
67
56
56
55
51
51
EBITDA*
87,649
4,794,513
273,974
-121,121
405,677
1,031,785
1,357,547
1,257,553
1,346,392
1,334,276
819,189
878,452
448,940
469,268
439,532
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Jan 2012
Jan 2011
Jan 2010
Tangible Assets
14,532,255
13,714,952
12,943,682
11,170,434
8,932,602
6,882,984
5,012,460
5,027,331
4,477,563
3,854,379
3,767,970
3,657,015
3,731,583
3,768,142
3,854,820
Intangible Assets
662,689
797,840
845,063
757,784
329,577
47,417
87,497
127,577
39,577
53,665
67,669
1,494
2,990
4,486
Investments & Other
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
15,194,944
14,512,792
13,788,745
11,928,218
9,262,179
6,930,401
5,099,957
5,154,908
4,517,140
3,908,044
3,835,639
3,657,016
3,733,078
3,771,133
3,859,307
Stock & work in progress
8,205,972
8,474,879
6,435,574
4,958,023
2,633,514
3,310,793
2,736,717
2,298,611
1,231,105
1,139,991
1,026,479
1,026,834
996,333
1,000,395
926,419
Trade Debtors
3,805,115
3,709,038
3,041,814
1,846,866
1,189,851
1,355,483
1,669,898
1,569,430
779,265
836,126
655,741
706,417
514,804
455,583
484,990
Group Debtors
1,216,818
663,201
290,230
90,252
174,841
1,724
Misc Debtors
595,778
754,421
405,922
387,872
456,822
205,334
310,214
172,100
110,086
139,556
139,875
140,772
119,962
105,649
147,779
Cash
1,610,996
447,909
2,331,815
676,121
439,856
1,428,662
963,016
1,626,377
1,169,234
518,671
147,281
607
5,010
11,202
1,064
misc current assets
39
total current assets
15,434,679
14,049,448
12,505,355
7,959,134
4,894,884
6,300,272
5,679,845
5,666,518
3,289,690
2,634,383
1,971,100
1,874,630
1,636,109
1,572,829
1,560,252
total assets
30,629,623
28,562,240
26,294,100
19,887,352
14,157,063
13,230,673
10,779,802
10,821,426
7,806,830
6,542,427
5,806,739
5,531,646
5,369,187
5,343,962
5,419,559
Bank overdraft
6,515,590
1,081,792
368,668
67,294
114,755
465,609
277,791
351,658
Bank loan
106,240
104,002
101,747
100,642
98,446
90,683
Trade Creditors
1,006,031
3,273,158
2,357,057
1,512,419
465,704
498,603
633,571
973,028
312,417
452,338
483,250
474,363
359,548
392,459
409,550
Group/Directors Accounts
862,861
402,674
5,584,234
2,057,443
3,193,232
2,150,580
2,065,462
1,992,769
724
other short term finances
15,218
hp & lease commitments
18,000
3,973
9,361
5,076
423
6,698
2,274
other current liabilities
1,785,075
2,242,199
1,960,874
1,151,617
883,344
773,225
996,341
960,832
568,609
775,385
342,890
296,718
270,300
436,580
460,495
total current liabilities
10,187,557
6,999,823
10,290,024
4,721,479
4,609,574
3,422,408
3,695,374
3,926,629
881,026
1,344,048
935,218
987,583
1,196,522
1,211,974
1,314,660
loans
9,201,732
9,175,032
9,168,116
9,173,551
5,582,852
5,446,169
5,006,359
2,723,700
2,792,700
2,209,638
2,318,116
2,424,372
2,514,192
2,614,937
2,720,233
hp & lease commitments
15,020
9,361
414
2,547
Accruals and Deferred Income
4,161
8,325
12,499
16,663
21,868
other liabilities
provisions
715,913
919,608
762,114
243,230
536,421
551,290
264,658
247,440
276,977
49,492
17,544
total long term liabilities
9,932,665
10,094,640
9,934,391
9,425,106
6,131,772
6,014,122
5,292,885
2,971,140
3,069,677
2,259,130
2,345,021
2,424,372
2,514,192
2,615,351
2,722,780
total liabilities
20,120,222
17,094,463
20,224,415
14,146,585
10,741,346
9,436,530
8,988,259
6,897,769
3,950,703
3,603,178
3,280,239
3,411,955
3,710,714
3,827,325
4,037,440
net assets
10,509,401
11,467,777
6,069,685
5,740,767
3,415,717
3,794,143
1,791,543
3,923,657
3,856,127
2,939,249
2,526,500
2,119,691
1,658,473
1,516,637
1,382,119
total shareholders funds
10,509,401
11,467,777
6,069,685
5,740,767
3,415,717
3,794,143
1,791,543
3,923,657
3,856,127
2,939,249
2,526,500
2,119,691
1,658,473
1,516,637
1,382,119
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Jan 2012
Jan 2011
Jan 2010
Operating Activities
Operating Profit
-1,156,886
3,704,481
-592,231
-784,412
88,228
710,212
1,024,060
1,058,700
1,234,480
1,190,704
721,210
795,190
354,136
366,433
302,287
Depreciation
1,067,416
922,233
722,051
528,865
243,100
281,493
293,407
166,853
97,824
129,568
95,647
81,768
93,308
101,339
135,749
Amortisation
177,119
167,799
144,154
134,426
74,349
40,080
40,080
32,000
14,088
14,004
2,332
1,494
1,496
1,496
1,496
Tax
969,355
-106,441
251,484
375,529
12,208
-103,389
-249,191
-192,051
-232,244
-228,095
-162,649
-178,590
-42,689
-57,495
-21,447
Stock
-268,907
2,039,305
1,477,551
2,324,509
-677,279
574,076
438,106
1,067,506
91,114
113,512
-355
26,439
-4,062
73,976
926,419
Debtors
491,051
1,388,694
1,412,976
503,476
260,697
-419,295
238,582
852,179
-86,331
178,342
-49,849
285,957
73,534
-71,537
632,769
Creditors
-2,267,127
916,101
844,638
1,046,715
-32,899
-134,968
-339,457
660,611
-139,921
-30,912
8,887
81,904
-32,911
-17,091
409,550
Accruals and Deferred Income
-457,124
277,164
805,093
264,099
105,955
-228,321
57,377
392,223
-206,776
432,495
46,172
-139,862
-166,280
-23,915
460,495
Deferred Taxes & Provisions
-203,695
157,494
518,884
-293,191
-14,869
286,632
17,218
-29,537
227,485
31,948
17,544
Cash flow from operations
-2,093,086
2,610,832
-196,454
-1,555,954
892,654
696,958
166,806
169,114
990,153
1,247,858
779,347
329,508
137,588
368,328
-271,058
Investing Activities
capital expenditure
-1,926,687
-1,814,079
-2,726,732
-3,329,330
-2,649,227
-2,152,017
-278,536
-836,621
-721,008
-215,977
-276,403
-7,200
-56,749
-14,661
-8,726
Change in Investments
-1
1
cash flow from investments
-1,926,687
-1,814,079
-2,726,732
-3,329,330
-2,649,227
-2,152,017
-278,536
-836,621
-721,008
-215,977
-276,402
-7,200
-56,749
-14,661
-8,727
Financing Activities
Bank loans
-106,240
2,238
2,255
3,301
2,196
7,763
90,683
Group/Directors Accounts
460,187
-5,181,560
3,526,791
-1,135,789
1,042,652
85,118
72,693
1,992,769
-724
724
Other Short Term Loans
-15,218
15,218
Long term loans
26,700
6,916
-5,435
3,590,699
136,683
439,810
2,282,659
-69,000
583,062
-108,478
-106,256
-190,565
-100,745
-105,296
2,720,233
Hire Purchase and Lease Commitments
33,020
-3,973
3,973
-9,361
-5,076
14,437
-7,112
-6,689
2,291
4,821
other long term liabilities
share issue
2,072,092
802,230
-1,156,925
1,535,500
-24,991
48,868
5,836
-340,327
141,836
1,312,405
interest
-770,845
-272,040
-132,565
-176,214
-136,080
-139,723
-81,992
-47,987
-91,194
-643,033
-151,752
-155,382
-169,611
-174,420
-211,126
cash flow from financing
-250,938
-3,393,783
4,210,212
1,121,771
1,043,255
1,920,705
2,248,369
1,924,650
381,379
-1,093,952
-241,316
-207,922
-274,849
-269,662
3,917,016
cash and cash equivalents
cash
1,163,087
-1,883,906
1,655,694
236,265
-988,806
465,646
-663,361
457,143
650,563
371,390
146,674
-10,595
-6,192
10,138
1,064
overdraft
5,433,798
713,124
368,668
-67,294
67,294
-114,755
-163,036
187,818
-73,867
351,658
change in cash
-4,270,711
-2,597,030
1,287,026
303,559
-1,056,100
465,646
-663,361
457,143
650,563
371,390
261,429
152,441
-194,010
84,005
-350,594
nic ice limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for nic ice limited. Get real-time insights into nic ice limited's credit score, group structure and payment trends.
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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 8 charges/mortgages relating to nic ice limited. Currently there are 0 open charges and 8 have been satisfied in the past.
nic ice limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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nic ice limitedCompanies House Filings - See Documents
