Nitec (uk) Limited

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nitec (uk) limited Company Information

Live

MatureMicroDeclining

Company Number

02036655

Next Accounts

Jun 2025

Industry

Other manufacturing n.e.c.

Directors

Marie Cooper

Shareholders

marie cooper

cbe+ holdings ltd

Group Structure

View All

Contact

Registered Address

cbe+, williamthorpe industrial park, chesterfield, S42 5UZ

Website

http://electroless-nickel-plating.co.uk

nitec (uk) limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of NITEC (UK) LIMITED at £3.5m based on Net Assets of £1.7m and 2.09x industry multiple (adjusted for liquidity).

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Nitec (uk) Limited is a live company located in chesterfield, S42 5UZ with a Companies House number of 02036655. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 1986, it's largest shareholder is marie cooper with a 100% stake. Nitec (uk) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £333.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Nitec (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

5 Weak

Size

annual sales of £333.6k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -54%, show it is growing at a slower rate (4.7%)

EXPORT

Nitec (Uk) Limited's latest turnover from September 2023 is estimated at £333.6 thousand and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Nitec (Uk) Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	333,562	2,107,996	3,230,677	3,414,840	3,489,824	4,399,505	3,206,656	3,577,788	5,850,267	3,866,940	3,660,369	3,438,017	3,509,473	4,035,821	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	235,170	1,480,005	2,298,269	2,429,188	2,434,552	3,076,702	2,186,333	2,422,886	3,994,181	2,625,625	2,487,618	2,327,866	2,379,161	2,712,325	0
Gross Profit	98,392	627,990	932,408	985,652	1,055,272	1,322,803	1,020,323	1,154,902	1,856,086	1,241,315	1,172,751	1,110,151	1,130,313	1,323,496	0
Admin Expenses	138,172	1,152,883	369,089	939,547	942,529	1,286,088	1,254,826	1,392,328	1,446,308	1,284,317	919,559	1,139,042	964,722	1,230,580	-718,932
Operating Profit	-39,780	-524,893	563,319	46,105	112,743	36,715	-234,503	-237,426	409,778	-43,002	253,192	-28,891	165,591	92,916	718,932
Interest Payable	5,626	4,126	3,887	3,887	0	0	6,700	11,790	5,294	0	0	0	0	0	0
Interest Receivable	0	112	6	15	166	236	58	0	0	0	1	1	148	148	2
Pre-Tax Profit	-45,406	-528,907	559,438	42,233	112,909	36,951	-241,145	-249,216	404,484	-43,002	253,192	-28,890	165,739	93,064	718,933
Tax	0	0	-106,293	-8,024	-21,453	-7,021	0	0	-80,897	0	-58,234	0	-43,092	-26,058	-201,301
Profit After Tax	-45,406	-528,907	453,145	34,209	91,456	29,930	-241,145	-249,216	323,587	-43,002	194,958	-28,890	122,647	67,006	517,632
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-45,406	-528,907	453,145	34,209	91,456	29,930	-241,145	-249,216	323,587	-43,002	194,958	-28,890	122,647	67,006	517,632
Employee Costs	81,601	505,969	1,188,705	1,321,591	1,584,845	1,860,869	1,397,212	1,333,093	1,337,798	891,680	869,717	817,006	850,777	1,004,284	0
Number Of Employees	2	13	32	36	44	53	41	40	41	28	28	26	28	34	0
EBITDA*	-26,456	-484,063	638,073	205,169	291,522	211,332	-35,916	-5,575	588,449	143,818	412,940	109,920	172,612	231,207	850,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	1,574,504	1,587,828	1,166,399	913,676	777,432	896,910	916,876	870,317	990,264	880,060	731,242	683,817	755,632	724,213	718,966
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	20,012	20,012	3	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	216,421	192,030	169,220	0	0	0
Total Fixed Assets	1,574,504	1,587,828	1,166,399	913,676	777,432	896,910	916,876	890,329	1,010,276	1,096,484	923,272	853,037	755,632	724,213	718,966
Stock & work in progress	0	168,302	223,184	198,740	181,892	160,852	76,079	71,491	92,150	100,044	248,738	127,678	76,158	157,843	115,779
Trade Debtors	0	384,127	599,372	697,438	599,876	927,662	660,103	843,150	1,405,986	841,282	691,818	691,391	802,009	806,007	712,449
Group Debtors	3,631,695	3,632,604	3,527,567	1,802,916	1,082,879	771,987	0	0	0	0	0	0	0	0	0
Misc Debtors	0	20,432	64,508	123,218	318,965	195,911	658,232	403,179	0	0	31,112	25,720	0	0	55,000
Cash	0	0	9,945	2,119	27,801	16,439	46,395	5	2	0	186	20	574	58,523	643
misc current assets	0	175,392	88,867	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,631,695	4,380,857	4,513,443	2,824,431	2,211,413	2,072,851	1,440,809	1,317,825	1,498,138	941,326	971,854	844,809	878,741	1,022,373	883,871
total assets	5,206,199	5,968,685	5,679,842	3,738,107	2,988,845	2,969,761	2,357,685	2,208,154	2,508,414	2,037,810	1,895,126	1,697,846	1,634,373	1,746,586	1,602,837
Bank overdraft	0	100,023	0	127,432	0	0	0	128,730	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	57,451	509,921	472,260	236,537	353,284	307,490	282,120	239,783	1,045,482	878,090	875,902	846,707	767,649	1,010,951	938,489
Group/Directors Accounts	57	56	56	1,451,458	884,075	991,372	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	0
hp & lease commitments	203,827	214,499	35,735	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,375,717	2,040,978	1,620,007	741,219	845,123	882,292	1,303,827	710,880	0	0	0	0	0	0	0
total current liabilities	2,637,052	2,865,477	2,128,058	2,556,646	2,082,482	2,181,154	1,585,947	1,079,393	1,045,482	878,090	875,902	846,707	767,649	1,010,951	938,489
loans	0	0	0	0	0	0	0	85,656	162,894	0	0	0	0	0	0
hp & lease commitments	187,960	394,395	88,569	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	0
other liabilities	427,083	709,303	934,798	217,189	18,300	0	5,061	12,283	0	196,269	35,771	43,644	42,339	40,897	69,616
provisions	256,000	256,000	256,000	145,000	103,000	95,000	103,000	126,000	146,000	133,000	110,000	129,000	117,000	110,000	60,000
total long term liabilities	871,043	1,359,698	1,279,367	362,189	121,300	95,000	108,061	223,939	308,894	329,269	145,771	172,644	159,339	150,897	129,616
total liabilities	3,508,095	4,225,175	3,407,425	2,918,835	2,203,782	2,276,154	1,694,008	1,303,332	1,354,376	1,207,359	1,021,673	1,019,351	926,988	1,161,848	1,068,105
net assets	1,698,104	1,743,510	2,272,417	819,272	785,063	693,607	663,677	904,822	1,154,038	830,451	873,453	678,495	707,385	584,738	534,732
total shareholders funds	1,698,104	1,743,510	2,272,417	819,272	785,063	693,607	663,677	904,822	1,154,038	830,451	873,453	678,495	707,385	584,738	534,732

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-39,780	-524,893	563,319	46,105	112,743	36,715	-234,503	-237,426	409,778	-43,002	253,192	-28,891	165,591	92,916	718,932
Depreciation	13,324	40,830	74,754	159,064	178,779	174,617	198,587	231,851	178,671	186,820	159,748	138,811	7,021	138,291	131,442
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-106,293	-8,024	-21,453	-7,021	0	0	-80,897	0	-58,234	0	-43,092	-26,058	-201,301
Stock	-168,302	-54,882	24,444	16,848	21,040	84,773	4,588	-20,659	-7,894	-148,694	121,060	51,520	-81,685	42,064	115,779
Debtors	-405,468	-154,284	1,567,875	621,852	106,160	577,225	72,006	-159,657	348,283	142,743	28,629	84,322	-3,998	38,558	767,449
Creditors	-452,470	37,661	235,723	-116,747	45,794	25,370	42,337	-805,699	167,392	2,188	29,195	79,058	-243,302	72,462	938,489
Accruals and Deferred Income	334,739	420,971	878,788	-103,904	-37,169	-421,535	592,947	710,880	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	111,000	42,000	8,000	-8,000	-23,000	-20,000	13,000	23,000	-19,000	12,000	7,000	50,000	60,000
Cash flow from operations	429,583	183,735	164,972	-620,206	159,494	-861,852	499,774	59,922	347,555	174,957	215,212	65,136	-21,099	246,989	764,334
Investing Activities
capital expenditure	0	-462,259	-327,477	-295,308	-59,301	-154,651	-245,146	-111,904	-288,875	-335,638	-207,173	-66,996	-38,440	-143,538	-850,408
Change in Investments	0	0	0	0	0	0	-20,012	0	20,009	3	0	0	0	0	0
cash flow from investments	0	-462,259	-327,477	-295,308	-59,301	-154,651	-225,134	-111,904	-308,884	-335,641	-207,173	-66,996	-38,440	-143,538	-850,408
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1	0	-1,451,402	567,383	-107,297	991,372	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	0
Long term loans	0	0	0	0	0	0	-85,656	-77,238	162,894	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-217,107	484,590	124,304	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-282,220	-225,495	717,609	198,889	18,300	-5,061	-7,222	12,283	-196,269	160,498	-7,873	1,305	1,442	-28,719	69,616
share issue	0	0	1,000,000	0	0	0	0	0	0	0	0	0	0	-17,000	17,100
interest	-5,626	-4,014	-3,881	-3,872	166	236	-6,642	-11,790	-5,294	0	1	1	148	148	2
cash flow from financing	-504,952	255,081	386,630	762,400	-88,831	986,547	-99,520	-76,745	-38,669	160,498	-7,872	1,306	1,590	-45,571	86,718
cash and cash equivalents
cash	0	-9,945	7,826	-25,682	11,362	-29,956	46,390	3	2	-186	166	-554	-57,949	57,880	643
overdraft	-100,023	100,023	-127,432	127,432	0	0	-128,730	128,730	0	0	0	0	0	0	0
change in cash	100,023	-109,968	135,258	-153,114	11,362	-29,956	175,120	-128,727	2	-186	166	-554	-57,949	57,880	643

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NITEC (UK) LIMITED group structure

Nitec (Uk) Limited has no subsidiary companies.

Ultimate parent company

CBE+ HOLDINGS LTD

10770470

1 parent

NITEC (UK) LIMITED

02036655

NITEC (UK) LIMITED Shareholders

marie cooper	99.99%
cbe+ holdings ltd	0.01%

Nitec (Uk) Limited currently has 1 director, Mrs Marie Cooper serving since Aug 2017.

officer	country	age	start	end	role
Mrs Marie Cooper	England	48 years	Aug 2017	-	Director

P&L

September 2023

turnover

333.6k

-84%

operating profit

-39.8k

gross margin

29.5%

-0.99%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

1.7m

-0.03%

total assets

5.2m

-0.13%

cash

net assets

Total assets minus all liabilities

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company number

02036655

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

July 1986

ultimate parent company

CBE+ HOLDINGS LTD

previous names

nitec (derbyshire) limited (January 2001)

address

cbe+, williamthorpe industrial park, chesterfield, S42 5UZ

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 11 charges/mortgages relating to nitec (uk) limited. Currently there are 5 open charges and 6 have been satisfied in the past.

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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nitec (uk) limited Company Information

nitec (uk) limited Estimated Valuation

nitec (uk) limited Estimated Valuation

nitec (uk) limited Estimated Valuation

Nitec (uk) Limited Overview

Nitec (uk) Limited Health Check

NITEC (UK) LIMITED financials

nitec (uk) limited Credit Report and Business Information

Nitec (uk) Limited Competitor Analysis

nitec (uk) limited Ownership

nitec (uk) limited directors

nitec (uk) limited company details

nitec (uk) limited Charges & Mortgages

nitec (uk) limited Capital Raised & Share Issues BETA

nitec (uk) limited Companies House Filings - See Documents