nel fund managers limited
nel fund managers limited Company Information
Company Number
02564907
Website
www.nel.co.ukRegistered Address
4 enterprise house, kingsway, team valley trading estate, gateshead, NE11 0SR
Industry
Fund management activities
Telephone
03453697007
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
nel eot limited 75%
the northstar foundation 25%
nel fund managers limited Estimated Valuation
Pomanda estimates the enterprise value of NEL FUND MANAGERS LIMITED at £1.2m based on a Turnover of £1.1m and 1.09x industry multiple (adjusted for size and gross margin).
nel fund managers limited Estimated Valuation
Pomanda estimates the enterprise value of NEL FUND MANAGERS LIMITED at £30.7k based on an EBITDA of £7.6k and a 4.02x industry multiple (adjusted for size and gross margin).
nel fund managers limited Estimated Valuation
Pomanda estimates the enterprise value of NEL FUND MANAGERS LIMITED at £648.7k based on Net Assets of £1.2m and 0.56x industry multiple (adjusted for liquidity).
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Nel Fund Managers Limited Overview
Nel Fund Managers Limited is a live company located in gateshead, NE11 0SR with a Companies House number of 02564907. It operates in the fund management activities sector, SIC Code 66300. Founded in December 1990, it's largest shareholder is nel eot limited with a 75% stake. Nel Fund Managers Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.
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Nel Fund Managers Limited Health Check
Pomanda's financial health check has awarded Nel Fund Managers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2.5m)
£1.1m - Nel Fund Managers Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.8%)
- Nel Fund Managers Limited
5.8% - Industry AVG
Production
with a gross margin of 95.4%, this company has a comparable cost of product (95.4%)
95.4% - Nel Fund Managers Limited
95.4% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (9.2%)
0.5% - Nel Fund Managers Limited
9.2% - Industry AVG
Employees
with 15 employees, this is above the industry average (9)
15 - Nel Fund Managers Limited
9 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has a lower pay structure (£151.1k)
£60.6k - Nel Fund Managers Limited
£151.1k - Industry AVG
Efficiency
resulting in sales per employee of £75.6k, this is less efficient (£314.8k)
£75.6k - Nel Fund Managers Limited
£314.8k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (31 days)
12 days - Nel Fund Managers Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (41 days)
80 days - Nel Fund Managers Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nel Fund Managers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 354 weeks, this is more cash available to meet short term requirements (59 weeks)
354 weeks - Nel Fund Managers Limited
59 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.8%, this is a lower level of debt than the average (38.3%)
10.8% - Nel Fund Managers Limited
38.3% - Industry AVG
NEL FUND MANAGERS LIMITED financials
Nel Fund Managers Limited's latest turnover from March 2024 is £1.1 million and the company has net assets of £1.2 million. According to their latest financial statements, Nel Fund Managers Limited has 15 employees and maintains cash reserves of £957.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 1,133,980 | 1,116,568 | 1,137,463 | 1,118,184 | 1,176,995 | 1,172,297 | 459,315 | 611,943 | 656,374 | 821,817 | 1,035,251 | 1,299,006 | 1,255,264 | 1,728,621 | 1,117,600 |
| Other Income Or Grants | 0 | ||||||||||||||
| Cost Of Sales | 0 | ||||||||||||||
| Gross Profit | 821,817 | ||||||||||||||
| Admin Expenses | 882,336 | ||||||||||||||
| Operating Profit | 5,822 | -23,153 | 196,672 | 211,229 | 235,049 | 239,512 | -288,224 | -121,046 | -204,287 | -60,519 | 143,166 | 138,027 | 121,956 | 62,844 | -179,854 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 762 | 1,559 | |
| Interest Receivable | 45,781 | 19,987 | 2,105 | 2,491 | 6,148 | 2,547 | 744 | 1,767 | 2,142 | 2,448 | 534 | 324 | 804 | 1,139 | 129 |
| Pre-Tax Profit | 51,603 | -3,166 | 198,777 | 213,720 | 241,197 | 267,059 | -233,092 | -30,870 | 1,046 | 5,240 | 143,700 | 138,405 | 122,760 | 99,106 | -84,675 |
| Tax | -12,947 | 23,286 | -36,994 | -17,895 | -29,756 | -45,005 | 25,240 | -20,785 | 10,167 | 5,854 | -25,812 | -36,872 | -26,075 | -33,499 | 14,907 |
| Profit After Tax | 38,656 | 20,120 | 161,783 | 195,825 | 211,441 | 222,054 | -207,852 | -51,655 | 11,213 | 11,094 | 117,888 | 101,533 | 96,685 | 65,607 | -69,768 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 38,656 | 20,120 | 161,783 | 195,825 | 211,441 | 222,054 | -207,852 | -51,655 | 11,213 | 11,094 | 117,888 | 101,533 | 96,685 | 65,607 | -69,768 |
| Employee Costs | 909,684 | 927,776 | 888,265 | 850,010 | 796,222 | 749,916 | 690,246 | 607,873 | 737,465 | 770,881 | 795,049 | 1,343,202 | 926,365 | ||
| Number Of Employees | 15 | 15 | 16 | 16 | 16 | 15 | 13 | 13 | 14 | 15 | 15 | 15 | |||
| EBITDA* | 7,646 | -20,517 | 200,641 | 215,373 | 237,380 | 241,064 | -286,219 | -121,036 | -204,275 | -58,043 | 146,366 | 141,295 | 133,148 | 75,045 | -153,587 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 5,473 | 7,297 | 10,896 | 14,927 | 10,460 | 9,101 | 6,208 | 8,985 | 7,261 | 8,335 | 9,601 | 12,801 | 10,284 | 17,654 | 48,685 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,357 | 1,716 | 3,207 | 2,553 | 1,621 | 10 | 10 | 32,600 | 65,191 | 5,009 | 5,009 | 5,008 | 8,199 | 14 | 14 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,268 | 49,946 |
| Total Fixed Assets | 6,830 | 9,013 | 14,103 | 17,480 | 12,081 | 9,111 | 6,218 | 41,585 | 72,452 | 13,344 | 14,610 | 17,809 | 18,483 | 23,936 | 98,645 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 39,199 | 0 | 37,763 | 74,171 | 3,645 | 0 | 13,986 | 729 | 100 | 11,184 | 14,524 | 24,538 | 44,542 | 51,668 | 60,210 |
| Group Debtors | 90,186 | 74,985 | 80,154 | 56,723 | 284,390 | 61,723 | 68,588 | 103,869 | 74,323 | 136,748 | 128,030 | 103,432 | 133,991 | 133,483 | 127,512 |
| Misc Debtors | 209,472 | 31,880 | 19,769 | 21,777 | 19,661 | 36,508 | 193,255 | 80,177 | 82,242 | 31,781 | 41,959 | 53,855 | 45,885 | 563,573 | 70,073 |
| Cash | 957,390 | 1,145,771 | 1,159,236 | 1,004,730 | 872,506 | 618,869 | 271,986 | 485,169 | 539,201 | 592,421 | 615,999 | 570,158 | 452,993 | 276,756 | 90,928 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,296,247 | 1,252,636 | 1,296,922 | 1,157,401 | 1,180,202 | 717,100 | 547,815 | 669,944 | 695,866 | 772,134 | 800,512 | 751,983 | 677,411 | 1,025,480 | 348,723 |
| total assets | 1,303,077 | 1,261,649 | 1,311,025 | 1,174,881 | 1,192,283 | 726,211 | 554,033 | 711,529 | 768,318 | 785,478 | 815,122 | 769,792 | 695,894 | 1,049,416 | 447,368 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 11,500 | 10,053 | 5,479 | 9,288 | 2,375 | 9,442 | 8,656 | 10,358 | 35,039 | 24,177 | 25,280 | 28,183 | 20,926 | 9,179 | 22,683 |
| Group/Directors Accounts | 22,508 | 22,508 | 22,508 | 22,508 | 22,508 | 22,508 | 22,508 | 22,508 | 13,896 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,327 |
| other current liabilities | 106,535 | 82,567 | 136,983 | 134,895 | 340,035 | 70,721 | 122,065 | 50,007 | 39,072 | 85,102 | 124,737 | 194,391 | 229,283 | 691,237 | 127,940 |
| total current liabilities | 140,543 | 115,128 | 164,970 | 166,691 | 364,918 | 102,671 | 153,229 | 82,873 | 88,007 | 109,279 | 150,017 | 222,574 | 250,209 | 700,416 | 160,950 |
| loans | 0 | 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 | 3,025 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,025 |
| total liabilities | 140,543 | 115,128 | 164,970 | 166,691 | 364,918 | 103,353 | 153,229 | 82,873 | 88,007 | 109,279 | 150,017 | 222,574 | 250,209 | 700,416 | 163,975 |
| net assets | 1,162,534 | 1,146,521 | 1,146,055 | 1,008,190 | 827,365 | 622,858 | 400,804 | 628,656 | 680,311 | 676,199 | 665,105 | 547,218 | 445,685 | 349,000 | 283,393 |
| total shareholders funds | 1,162,534 | 1,146,521 | 1,146,055 | 1,008,190 | 827,365 | 622,858 | 400,804 | 628,656 | 680,311 | 676,199 | 665,105 | 547,218 | 445,685 | 349,000 | 283,393 |
| Mar 2024 | 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 | 5,822 | -23,153 | 196,672 | 211,229 | 235,049 | 239,512 | -288,224 | -121,046 | -204,287 | -60,519 | 143,166 | 138,027 | 121,956 | 62,844 | -179,854 |
| Depreciation | 1,824 | 2,636 | 3,969 | 4,144 | 2,331 | 1,552 | 2,005 | 10 | 12 | 2,476 | 3,200 | 3,268 | 11,192 | 12,201 | 26,267 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -12,947 | 23,286 | -36,994 | -17,895 | -29,756 | -45,005 | 25,240 | -20,785 | 10,167 | 5,854 | -25,812 | -36,872 | -26,075 | -33,499 | 14,907 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 231,992 | -30,821 | -14,985 | -155,025 | 209,465 | -177,598 | 91,054 | 28,110 | -23,048 | -4,800 | 2,688 | -42,593 | -530,574 | 447,251 | 307,741 |
| Creditors | 1,447 | 4,574 | -3,809 | 6,913 | -7,067 | 786 | -1,702 | -24,681 | 10,862 | -1,103 | -2,903 | 7,257 | 11,747 | -13,504 | 22,683 |
| Accruals and Deferred Income | 23,968 | -54,416 | 2,088 | -205,140 | 269,314 | -51,344 | 72,058 | 10,935 | -46,030 | -39,635 | -69,654 | -34,892 | -461,954 | 563,297 | 127,940 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -682 | 682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -211,878 | -16,252 | 176,911 | 154,276 | 259,724 | 323,781 | -281,677 | -183,677 | -206,228 | -88,127 | 45,309 | 119,381 | 187,440 | 144,088 | -295,798 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 20,555 | 126,879 | 117,281 | 141,654 | -1,210 | |||||
| Change in Investments | -359 | -1,491 | 654 | 932 | 1,611 | 0 | -32,590 | -32,591 | 60,182 | 0 | 1 | -3,191 | 8,185 | 0 | 14 |
| cash flow from investments | 359 | 1,491 | -654 | -932 | -1,611 | 20,555 | 159,469 | 149,872 | 81,472 | -1,210 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,612 | 13,896 | 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 | 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 | -13,352 | 13,352 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 45,781 | 19,987 | 2,105 | 2,491 | 6,148 | 2,547 | 744 | 1,767 | 2,142 | 2,448 | 534 | 324 | 377 | -1,430 | |
| cash flow from financing | 23,138 | 333 | -21,813 | -12,509 | -786 | 2,547 | -19,256 | 10,379 | 8,937 | 2,448 | 533 | 324 | -12,975 | 365,083 | |
| cash and cash equivalents | |||||||||||||||
| cash | -188,381 | -13,465 | 154,506 | 132,224 | 253,637 | 346,883 | -213,183 | -54,032 | -53,220 | -23,578 | 45,841 | 117,165 | 176,237 | 185,828 | 90,928 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -188,381 | -13,465 | 154,506 | 132,224 | 253,637 | 346,883 | -213,183 | -54,032 | -53,220 | -23,578 | 45,841 | 117,165 | 176,237 | 185,828 | 90,928 |
nel fund managers limited Credit Report and Business Information
Nel Fund Managers Limited Competitor Analysis
Perform a competitor analysis for nel fund managers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NE11 area or any other competitors across 12 key performance metrics.
nel fund managers limited Ownership
NEL FUND MANAGERS LIMITED group structure
Nel Fund Managers Limited has 11 subsidiary companies.
Ultimate parent company
NEL FUND MANAGERS LIMITED
02564907
11 subsidiaries
nel fund managers limited directors
Nel Fund Managers Limited currently has 6 directors. The longest serving directors include Dr Yvonne Gale (Jul 2012) and Mr Graham Thrower (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Yvonne Gale | England | 56 years | Jul 2012 | - | Director |
| Mr Graham Thrower | 57 years | May 2018 | - | Director | |
| Mr Jonathan Luke | England | 55 years | Apr 2022 | - | Director |
| Mrs Judith Hartley | 58 years | Apr 2024 | - | Director | |
| Mr Trevor Castledine | England | 55 years | Apr 2024 | - | Director |
| Mr Paul Scott | United Kingdom | 54 years | May 2024 | - | Director |
P&L
March 2024turnover
1.1m
+2%
operating profit
5.8k
-125%
gross margin
95.5%
+0.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.2m
+0.01%
total assets
1.3m
+0.03%
cash
957.4k
-0.16%
net assets
Total assets minus all liabilities
nel fund managers limited company details
company number
02564907
Type
Private limited with Share Capital
industry
66300 - Fund management activities
incorporation date
December 1990
age
34
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
nel fund management group limited (June 2006)
northern enterprise limited (April 2006)
See morelast accounts submitted
March 2024
address
4 enterprise house, kingsway, team valley trading estate, gateshead, NE11 0SR
accountant
-
auditor
RSM UK AUDIT LLP
nel fund managers 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 nel fund managers limited.
nel fund managers limited Companies House Filings - See Documents
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