neric finance limited
neric finance limited Company Information
Company Number
00944828
Next Accounts
Mar 2025
Shareholders
neric ltd
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
melbury house, 34 southborough road, bromley, kent, BR1 2EB
Website
-neric finance limited Estimated Valuation
Pomanda estimates the enterprise value of NERIC FINANCE LIMITED at £263.5k based on a Turnover of £305.8k and 0.86x industry multiple (adjusted for size and gross margin).
neric finance limited Estimated Valuation
Pomanda estimates the enterprise value of NERIC FINANCE LIMITED at £1k based on an EBITDA of £332 and a 3.03x industry multiple (adjusted for size and gross margin).
neric finance limited Estimated Valuation
Pomanda estimates the enterprise value of NERIC FINANCE LIMITED at £109.3k based on Net Assets of £84.9k and 1.29x industry multiple (adjusted for liquidity).
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Neric Finance Limited Overview
Neric Finance Limited is a live company located in bromley, BR1 2EB with a Companies House number of 00944828. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 1968, it's largest shareholder is neric ltd with a 100% stake. Neric Finance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £305.8k with healthy growth in recent years.
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Neric Finance Limited Health Check
Pomanda's financial health check has awarded Neric Finance Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
6 Weak
Size
annual sales of £305.8k, make it smaller than the average company (£4.6m)
- Neric Finance Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.7%)
- Neric Finance Limited
3.7% - Industry AVG
Production
with a gross margin of 16%, this company has a higher cost of product (56.1%)
- Neric Finance Limited
56.1% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (9.8%)
- Neric Finance Limited
9.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (12)
3 - Neric Finance Limited
12 - Industry AVG
Pay Structure
on an average salary of £75.2k, the company has an equivalent pay structure (£75.2k)
- Neric Finance Limited
£75.2k - Industry AVG
Efficiency
resulting in sales per employee of £101.9k, this is less efficient (£200.1k)
- Neric Finance Limited
£200.1k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (33 days)
- Neric Finance Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Neric Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Neric Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Neric Finance Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Neric Finance Limited
- - Industry AVG
NERIC FINANCE LIMITED financials
Neric Finance Limited's latest turnover from June 2023 is estimated at £305.8 thousand and the company has net assets of £84.9 thousand. According to their latest financial statements, Neric Finance Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | |||||||||||||
| Other Income Or Grants | 0 | |||||||||||||
| Cost Of Sales | 1,007 | 183 | 0 | |||||||||||
| Gross Profit | 0 | |||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -1,007 | -183 | ||||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||||||
| Interest Receivable | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | -905 | -103 | 68 | |||||||||||
| Tax | 0 | 0 | 0 | |||||||||||
| Profit After Tax | -905 | -103 | 68 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | -905 | -103 | 68 | |||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | ||||||||||
| EBITDA* | -1,007 | -183 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,060 | 2,060 | 2,071 | 2,071 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,060 | 2,060 | 2,071 | 2,071 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 82,855 | 82,609 | 82,222 | 82,085 | 83,937 | 83,587 | 89,171 | 83,056 | 82,426 | 87,253 | 87,253 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87,138 | 87,078 | 86,938 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300 | 241 | 291 | 113 | 87 | 45 | 105 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,850 | 7,466 | 2,345 | 2,345 | 2,346 | 3,353 | 3,536 |
| total current assets | 82,855 | 82,609 | 82,222 | 82,085 | 83,937 | 83,587 | 89,171 | 89,206 | 90,133 | 89,889 | 89,711 | 89,571 | 90,476 | 90,579 |
| total assets | 84,915 | 84,669 | 84,293 | 84,156 | 83,937 | 83,587 | 89,171 | 89,206 | 90,133 | 89,889 | 89,711 | 89,571 | 90,476 | 90,579 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 84,915 | 84,666 | 84,290 | 84,153 | 83,934 | 83,584 | 89,168 | 89,206 | 90,133 | 89,889 | 89,711 | 89,571 | 90,476 | 90,579 |
| total shareholders funds | 84,915 | 84,666 | 84,290 | 84,153 | 83,934 | 83,584 | 89,168 | 89,206 | 90,133 | 89,889 | 89,711 | 89,571 | 90,476 | 90,579 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,007 | -183 | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 246 | 387 | 137 | -1,852 | 350 | -5,584 | 6,115 | 630 | -4,827 | 0 | 115 | 60 | 140 | 86,938 |
| Creditors | -3 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,067 | -323 | ||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | |||||||||||
| cash flow from financing | 0 | 0 | 90,511 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -300 | 59 | -50 | 178 | 26 | 42 | -60 | 105 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -300 | 59 | -50 | 178 | 26 | 42 | -60 | 105 |
neric finance limited Credit Report and Business Information
Neric Finance Limited Competitor Analysis
Perform a competitor analysis for neric finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BR1 area or any other competitors across 12 key performance metrics.
neric finance limited Ownership
NERIC FINANCE LIMITED group structure
Neric Finance Limited has no subsidiary companies.
neric finance limited directors
Neric Finance Limited currently has 3 directors. The longest serving directors include Mr Richard Battersby (Jan 1991) and Mr James Battersby (Jun 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Battersby | 82 years | Jan 1991 | - | Director | |
| Mr James Battersby | England | 51 years | Jun 1996 | - | Director |
| Mrs Julia Mather | England | 50 years | Nov 2010 | - | Director |
P&L
June 2023turnover
305.8k
+21%
operating profit
332
0%
gross margin
16.1%
-5.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
84.9k
0%
total assets
84.9k
0%
cash
0
0%
net assets
Total assets minus all liabilities
neric finance limited company details
company number
00944828
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
December 1968
age
57
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
melbury house, 34 southborough road, bromley, kent, BR1 2EB
Bank
-
Legal Advisor
-
neric finance 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 did not find charges/mortgages relating to neric finance limited.
neric finance 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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neric finance limited Companies House Filings - See Documents
| date | description | view/download |
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