nec (uk) ltd.
nec (uk) ltd. Company Information
Company Number
01118976
Registered Address
athene odyssey business park, west end road, south ruislip, middlesex, HA4 6QE
Industry
Other telecommunications activities
Other information technology and computer service activities
Telephone
02088362000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
nec europe ltd 100%
nec (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of NEC (UK) LTD. at £6.6m based on a Turnover of £8.7m and 0.76x industry multiple (adjusted for size and gross margin).
nec (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of NEC (UK) LTD. at £7.8m based on an EBITDA of £1.4m and a 5.59x industry multiple (adjusted for size and gross margin).
nec (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of NEC (UK) LTD. at £0 based on Net Assets of £-31.4m and 2.1x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Nec (uk) Ltd. Overview
Nec (uk) Ltd. is a live company located in south ruislip, HA4 6QE with a Companies House number of 01118976. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in June 1973, it's largest shareholder is nec europe ltd with a 100% stake. Nec (uk) Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £8.7m with declining growth in recent years.
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Nec (uk) Ltd. Health Check
Pomanda's financial health check has awarded Nec (Uk) Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £8.7m, make it smaller than the average company (£13.4m)
£8.7m - Nec (uk) Ltd.
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5.3%)
-13% - Nec (uk) Ltd.
5.3% - Industry AVG
Production
with a gross margin of 42.9%, this company has a lower cost of product (33.1%)
42.9% - Nec (uk) Ltd.
33.1% - Industry AVG
Profitability
an operating margin of 13.4% make it more profitable than the average company (4.1%)
13.4% - Nec (uk) Ltd.
4.1% - Industry AVG
Employees
with 64 employees, this is above the industry average (43)
64 - Nec (uk) Ltd.
43 - Industry AVG
Pay Structure
on an average salary of £66k, the company has an equivalent pay structure (£59.7k)
£66k - Nec (uk) Ltd.
£59.7k - Industry AVG
Efficiency
resulting in sales per employee of £135.8k, this is less efficient (£353.4k)
£135.8k - Nec (uk) Ltd.
£353.4k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (51 days)
110 days - Nec (uk) Ltd.
51 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (37 days)
64 days - Nec (uk) Ltd.
37 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (31 days)
16 days - Nec (uk) Ltd.
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Nec (uk) Ltd.
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 260.9%, this is a higher level of debt than the average (61.2%)
260.9% - Nec (uk) Ltd.
61.2% - Industry AVG
NEC (UK) LTD. financials
Nec (Uk) Ltd.'s latest turnover from March 2023 is £8.7 million and the company has net assets of -£31.4 million. According to their latest financial statements, Nec (Uk) Ltd. has 64 employees and maintains cash reserves of £7 thousand 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 | 8,691,000 | 10,762,000 | 12,411,000 | 13,240,000 | 26,017,000 | 40,596,000 | 32,165,000 | 26,275,000 | 28,816,000 | 28,788,000 | 27,086,000 | 44,431,000 | 30,880,000 | 34,206,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,967,000 | 7,450,000 | 8,968,000 | 8,404,000 | 16,537,000 | 56,446,000 | 27,742,000 | 52,980,000 | 23,661,000 | 22,922,000 | 18,024,000 | 32,759,000 | 24,942,000 | 26,778,000 |
| Gross Profit | 3,724,000 | 3,312,000 | 3,443,000 | 4,836,000 | 9,480,000 | -15,850,000 | 4,423,000 | -26,705,000 | 5,155,000 | 5,866,000 | 9,062,000 | 11,672,000 | 5,938,000 | 7,428,000 |
| Admin Expenses | 2,560,000 | 3,550,000 | 2,881,000 | 6,338,000 | 4,194,000 | 5,999,000 | 6,308,000 | 6,888,000 | 5,782,000 | 9,465,000 | 10,603,000 | 12,526,000 | 4,287,000 | 3,646,000 |
| Operating Profit | 1,164,000 | -238,000 | 562,000 | -1,502,000 | 5,286,000 | -21,849,000 | -1,885,000 | -33,593,000 | -627,000 | -3,599,000 | -1,541,000 | -854,000 | 1,651,000 | 3,782,000 |
| Interest Payable | 1,212,000 | 361,000 | 460,000 | 511,000 | 539,000 | 399,000 | 366,000 | 170,000 | 0 | 0 | 0 | 0 | 0 | 4,920,000 |
| Interest Receivable | 221,000 | 1,000 | 235,000 | 0 | 158,000 | 764,000 | 824,000 | 118,000 | 230,000 | 26,000 | 129,000 | 209,000 | 310,000 | 2,021,000 |
| Pre-Tax Profit | 173,000 | -598,000 | 337,000 | -2,013,000 | 4,905,000 | -21,484,000 | -1,427,000 | -33,645,000 | -397,000 | -4,433,000 | -1,647,000 | -645,000 | 1,850,000 | 3,343,000 |
| Tax | -57,000 | 60,000 | 15,000 | 368,000 | -810,000 | 260,000 | 355,000 | -356,000 | -2,691,000 | 199,000 | 346,000 | 1,047,000 | -573,000 | 1,384,000 |
| Profit After Tax | 116,000 | -538,000 | 352,000 | -1,645,000 | 4,095,000 | -21,224,000 | -1,072,000 | -34,001,000 | -3,088,000 | -4,234,000 | -1,301,000 | 402,000 | 1,277,000 | 4,727,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000,000 | 0 | 0 | 0 |
| Retained Profit | 116,000 | -538,000 | 352,000 | -1,645,000 | 4,095,000 | -21,224,000 | -1,072,000 | -34,001,000 | -3,088,000 | -4,234,000 | -21,301,000 | 402,000 | 1,277,000 | 4,727,000 |
| Employee Costs | 4,225,000 | 5,201,000 | 6,297,000 | 6,454,000 | 7,103,000 | 7,241,000 | 8,249,000 | 9,155,000 | 7,938,000 | 8,728,000 | 9,681,000 | 10,161,000 | 3,455,000 | 4,941,000 |
| Number Of Employees | 64 | 80 | 89 | 80 | 91 | 92 | 94 | 120 | 132 | 144 | 148 | 149 | 62 | 62 |
| EBITDA* | 1,389,000 | 103,000 | 723,000 | -1,297,000 | 5,549,000 | -21,605,000 | -1,653,000 | -33,376,000 | -17,000 | -2,750,000 | -491,000 | 197,000 | 1,673,000 | 3,836,000 |
* 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 | 35,000 | 260,000 | 614,000 | 990,000 | 484,000 | 642,000 | 692,000 | 884,000 | 871,000 | 1,067,000 | 1,322,000 | 1,397,000 | 124,000 | 24,000 |
| Intangible Assets | 2,000 | 160,000 | 166,000 | 174,000 | 141,000 | 141,000 | 766,000 | 766,000 | 766,000 | 766,000 | 1,526,000 | 2,514,000 | 0 | 0 |
| Investments & Other | 11,851,000 | 20,537,000 | 6,491,000 | 16,867,000 | 14,149,000 | 7,044,000 | 3,021,000 | 9,743,000 | 794,000 | 794,000 | 794,000 | 794,000 | 794,000 | 818,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 3,619,000 | 0 | 0 | 2,810,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,888,000 | 20,957,000 | 7,271,000 | 18,031,000 | 14,774,000 | 11,446,000 | 4,479,000 | 11,393,000 | 5,241,000 | 2,627,000 | 3,642,000 | 4,705,000 | 918,000 | 842,000 |
| Stock & work in progress | 219,000 | 223,000 | 311,000 | 237,000 | 679,000 | 3,811,000 | 3,684,000 | 4,271,000 | 5,092,000 | 1,593,000 | 518,000 | 691,000 | 35,000 | 285,000 |
| Trade Debtors | 2,629,000 | 8,235,000 | 5,478,000 | 5,322,000 | 4,902,000 | 8,690,000 | 15,295,000 | 4,957,000 | 6,962,000 | 8,277,000 | 8,964,000 | 17,215,000 | 7,732,000 | 7,830,000 |
| Group Debtors | 3,963,000 | 6,714,000 | 1,573,000 | 458,000 | 977,000 | 1,129,000 | 2,255,000 | 4,102,000 | 1,892,000 | 3,406,000 | 9,035,000 | 34,189,000 | 44,240,000 | 48,342,000 |
| Misc Debtors | 814,000 | 727,000 | 3,518,000 | 4,602,000 | 8,990,000 | 15,006,000 | 15,061,000 | 9,718,000 | 11,399,000 | 6,686,000 | 4,006,000 | 5,830,000 | 4,967,000 | 4,734,000 |
| Cash | 7,000 | 7,000 | 8,000 | 16,000 | 2,000 | 385,000 | 176,000 | 163,000 | 0 | 0 | 56,000 | 41,000 | 42,000 | 35,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,632,000 | 15,906,000 | 10,888,000 | 10,635,000 | 15,550,000 | 29,021,000 | 36,471,000 | 23,211,000 | 25,345,000 | 19,962,000 | 22,579,000 | 57,966,000 | 57,016,000 | 61,226,000 |
| total assets | 19,520,000 | 36,863,000 | 18,159,000 | 28,666,000 | 30,324,000 | 40,467,000 | 40,950,000 | 34,604,000 | 30,586,000 | 22,589,000 | 26,221,000 | 62,671,000 | 57,934,000 | 62,068,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 154,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 877,000 | 737,000 | 1,596,000 | 1,252,000 | 2,456,000 | 3,907,000 | 4,633,000 | 4,474,000 | 5,258,000 | 1,852,000 | 2,802,000 | 630,000 | 749,000 | 1,149,000 |
| Group/Directors Accounts | 41,337,000 | 48,077,000 | 40,221,000 | 36,264,000 | 34,462,000 | 40,115,000 | 35,709,000 | 26,626,000 | 11,523,000 | 4,696,000 | 3,094,000 | 12,426,000 | 8,896,000 | 9,383,000 |
| other short term finances | 0 | 0 | 98,000 | 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 | 2,886,000 | 2,763,000 | 1,121,000 | 1,798,000 | 8,157,000 | 5,038,000 | 3,644,000 | 4,907,000 | 4,453,000 | 3,988,000 | 3,805,000 | 9,602,000 | 6,497,000 | 7,632,000 |
| total current liabilities | 45,100,000 | 51,577,000 | 43,036,000 | 39,314,000 | 45,075,000 | 49,060,000 | 43,986,000 | 36,007,000 | 21,234,000 | 10,690,000 | 9,701,000 | 22,658,000 | 16,142,000 | 18,164,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 13,000 | 213,000 | 408,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,724,000 | 1,790,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,090,000 | 6,130,000 | 3,197,000 | 6,735,000 | 3,895,000 | 1,418,000 | 0 | 3,132,000 | 984,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,019,000 | 3,131,000 | 6,193,000 | 10,323,000 | 10,272,000 | 22,630,000 | 8,432,000 | 18,646,000 | 875,000 | 2,013,000 | 1,299,000 | 2,642,000 | 3,485,000 | 3,832,000 |
| total long term liabilities | 5,833,000 | 11,064,000 | 9,603,000 | 17,466,000 | 14,167,000 | 24,048,000 | 10,874,000 | 21,778,000 | 1,859,000 | 2,013,000 | 1,299,000 | 2,642,000 | 3,485,000 | 5,741,000 |
| total liabilities | 50,933,000 | 62,641,000 | 52,639,000 | 56,780,000 | 59,242,000 | 73,108,000 | 54,860,000 | 57,785,000 | 23,093,000 | 12,703,000 | 11,000,000 | 25,300,000 | 19,627,000 | 23,905,000 |
| net assets | -31,413,000 | -25,778,000 | -34,480,000 | -28,114,000 | -28,918,000 | -32,641,000 | -13,910,000 | -23,181,000 | 7,493,000 | 9,886,000 | 15,221,000 | 37,371,000 | 38,307,000 | 38,163,000 |
| total shareholders funds | -31,413,000 | -25,778,000 | -34,480,000 | -28,114,000 | -28,918,000 | -32,641,000 | -13,910,000 | -23,181,000 | 7,493,000 | 9,886,000 | 15,221,000 | 37,371,000 | 38,307,000 | 38,163,000 |
| 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 | 1,164,000 | -238,000 | 562,000 | -1,502,000 | 5,286,000 | -21,849,000 | -1,885,000 | -33,593,000 | -627,000 | -3,599,000 | -1,541,000 | -854,000 | 1,651,000 | 3,782,000 |
| Depreciation | 225,000 | 341,000 | 161,000 | 205,000 | 263,000 | 244,000 | 232,000 | 217,000 | 244,000 | 365,000 | 393,000 | 281,000 | 22,000 | 54,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 366,000 | 484,000 | 657,000 | 770,000 | 0 | 0 |
| Tax | -57,000 | 60,000 | 15,000 | 368,000 | -810,000 | 260,000 | 355,000 | -356,000 | -2,691,000 | 199,000 | 346,000 | 1,047,000 | -573,000 | 1,384,000 |
| Stock | -4,000 | -88,000 | 74,000 | -442,000 | -3,132,000 | 127,000 | -587,000 | -821,000 | 3,499,000 | 1,075,000 | -173,000 | 656,000 | -250,000 | 285,000 |
| Debtors | -8,270,000 | 5,107,000 | 187,000 | -4,487,000 | -13,575,000 | -4,167,000 | 13,834,000 | -4,286,000 | 4,694,000 | -3,636,000 | -35,229,000 | 295,000 | -3,967,000 | 60,906,000 |
| Creditors | 140,000 | -859,000 | 344,000 | -1,204,000 | -1,451,000 | -726,000 | 159,000 | -784,000 | 3,406,000 | -950,000 | 2,172,000 | -119,000 | -400,000 | 1,149,000 |
| Accruals and Deferred Income | 57,000 | 3,432,000 | -677,000 | -6,359,000 | 3,119,000 | 1,394,000 | -1,263,000 | 454,000 | 465,000 | 183,000 | -5,797,000 | 3,105,000 | -1,135,000 | 7,632,000 |
| Deferred Taxes & Provisions | -2,112,000 | -3,062,000 | -4,130,000 | 51,000 | -12,358,000 | 14,198,000 | -10,214,000 | 17,771,000 | -1,138,000 | 714,000 | -1,343,000 | -843,000 | -347,000 | 3,832,000 |
| Cash flow from operations | 7,691,000 | -5,345,000 | -3,986,000 | -3,512,000 | 10,756,000 | -2,439,000 | -25,863,000 | -11,184,000 | -8,168,000 | -43,000 | 30,289,000 | 2,436,000 | 3,435,000 | -43,358,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -8,686,000 | 14,046,000 | -10,376,000 | 2,718,000 | 7,105,000 | 4,023,000 | -6,722,000 | 8,949,000 | 0 | 0 | 0 | 0 | -24,000 | 818,000 |
| 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 | -6,740,000 | 7,856,000 | 3,957,000 | 1,802,000 | -5,653,000 | 4,406,000 | 9,083,000 | 15,103,000 | 6,827,000 | 1,602,000 | -9,332,000 | 3,530,000 | -487,000 | 9,383,000 |
| Other Short Term Loans | 0 | -98,000 | 98,000 | 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 | -13,000 | -200,000 | -195,000 | 408,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -3,040,000 | 2,933,000 | -3,538,000 | 2,840,000 | 2,477,000 | 1,418,000 | -3,132,000 | 2,148,000 | 984,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -991,000 | -360,000 | -225,000 | -511,000 | -381,000 | 365,000 | 458,000 | -52,000 | 230,000 | 26,000 | 129,000 | 209,000 | 310,000 | -2,899,000 |
| cash flow from financing | -16,535,000 | 19,371,000 | -6,621,000 | 6,988,000 | -3,929,000 | 8,682,000 | 16,752,000 | 20,526,000 | 8,736,000 | 527,000 | -10,052,000 | 2,401,000 | -1,310,000 | 39,920,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | -1,000 | -8,000 | 14,000 | -383,000 | 209,000 | 13,000 | 163,000 | 0 | -56,000 | 15,000 | -1,000 | 7,000 | 35,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -154,000 | 154,000 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -1,000 | -8,000 | 14,000 | -383,000 | 209,000 | 13,000 | 163,000 | 154,000 | -210,000 | 15,000 | -1,000 | 7,000 | 35,000 |
nec (uk) ltd. Credit Report and Business Information
Nec (uk) Ltd. Competitor Analysis
Perform a competitor analysis for nec (uk) ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
nec (uk) ltd. Ownership
NEC (UK) LTD. group structure
Nec (Uk) Ltd. has 1 subsidiary company.
Ultimate parent company
NEC CORP
#0003098
2 parents
NEC (UK) LTD.
01118976
1 subsidiary
nec (uk) ltd. directors
Nec (Uk) Ltd. currently has 3 directors. The longest serving directors include Mr Chris Jackson (Feb 2015) and Mr Craig Mills (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chris Jackson | 57 years | Feb 2015 | - | Director | |
| Mr Craig Mills | 53 years | Oct 2020 | - | Director | |
| Mr Gary Collins | United Kingdom | 59 years | Apr 2022 | - | Director |
P&L
March 2023turnover
8.7m
-19%
operating profit
1.2m
-589%
gross margin
42.9%
+39.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-31.4m
+0.22%
total assets
19.5m
-0.47%
cash
7k
0%
net assets
Total assets minus all liabilities
Similar Companies
nec (uk) ltd. company details
company number
01118976
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
62090 - Other information technology and computer service activities
46510 - Wholesale of computers, computer peripheral equipment and software
incorporation date
June 1973
age
51
accounts
Full Accounts
ultimate parent company
previous names
nec business systems (europe) ltd (April 1988)
nec telecommunications europe co. limited (December 1982)
incorporated
UK
address
athene odyssey business park, west end road, south ruislip, middlesex, HA4 6QE
last accounts submitted
March 2023
nec (uk) ltd. 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 nec (uk) ltd..
nec (uk) ltd. Companies House Filings - See Documents
| date | description | view/download |
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