nice systems technologies uk limited
nice systems technologies uk limited Company Information
Company Number
02795958
Website
www.nice.comRegistered Address
tollbar house tollbar way, hedge end, southampton, hampshire, SO30 2ZP
Industry
Computer consultancy activities
Telephone
441489771633
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
nice systems uk ltd 100%
nice systems technologies uk limited Estimated Valuation
Pomanda estimates the enterprise value of NICE SYSTEMS TECHNOLOGIES UK LIMITED at £8m based on a Turnover of £21.8m and 0.37x industry multiple (adjusted for size and gross margin).
nice systems technologies uk limited Estimated Valuation
Pomanda estimates the enterprise value of NICE SYSTEMS TECHNOLOGIES UK LIMITED at £0 based on an EBITDA of £-710.9k and a 2.63x industry multiple (adjusted for size and gross margin).
nice systems technologies uk limited Estimated Valuation
Pomanda estimates the enterprise value of NICE SYSTEMS TECHNOLOGIES UK LIMITED at £0 based on Net Assets of £-25.9m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Nice Systems Technologies Uk Limited Overview
Nice Systems Technologies Uk Limited is a live company located in southampton, SO30 2ZP with a Companies House number of 02795958. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 1993, it's largest shareholder is nice systems uk ltd with a 100% stake. Nice Systems Technologies Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.8m with high growth in recent years.
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Nice Systems Technologies Uk Limited Health Check
Pomanda's financial health check has awarded Nice Systems Technologies Uk Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £21.8m, make it larger than the average company (£2.3m)
£21.8m - Nice Systems Technologies Uk Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8%)
24% - Nice Systems Technologies Uk Limited
8% - Industry AVG
Production
with a gross margin of -12.2%, this company has a higher cost of product (45.5%)
-12.2% - Nice Systems Technologies Uk Limited
45.5% - Industry AVG
Profitability
an operating margin of -16.8% make it less profitable than the average company (6.5%)
-16.8% - Nice Systems Technologies Uk Limited
6.5% - Industry AVG
Employees
with 101 employees, this is above the industry average (17)
101 - Nice Systems Technologies Uk Limited
17 - Industry AVG
Pay Structure
on an average salary of £111.2k, the company has a higher pay structure (£59.9k)
£111.2k - Nice Systems Technologies Uk Limited
£59.9k - Industry AVG
Efficiency
resulting in sales per employee of £215.9k, this is more efficient (£136.1k)
£215.9k - Nice Systems Technologies Uk Limited
£136.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Nice Systems Technologies Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (27 days)
19 days - Nice Systems Technologies Uk Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nice Systems Technologies Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Nice Systems Technologies Uk Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 172.2%, this is a higher level of debt than the average (57.5%)
172.2% - Nice Systems Technologies Uk Limited
57.5% - Industry AVG
NICE SYSTEMS TECHNOLOGIES UK LIMITED financials
Nice Systems Technologies Uk Limited's latest turnover from December 2023 is £21.8 million and the company has net assets of -£25.9 million. According to their latest financial statements, Nice Systems Technologies Uk Limited has 101 employees and maintains cash reserves of £326.7 thousand 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 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,802,162 | 18,632,192 | 12,290,313 | 11,361,676 | 10,122,516 | 17,282,649 | 14,704,743 | 12,107,443 | 15,137,680 | 13,136,034 | 8,667,775 | 7,065,796 | 8,273,022 | 13,341,153 | 12,250,097 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 24,469,583 | 23,744,873 | 13,916,738 | 11,962,943 | 8,930,738 | 12,565,730 | 10,389,990 | 12,664,830 | 11,641,865 | 12,832,983 | 8,693,166 | 2,305,388 | 3,710,104 | 4,270,002 | 2,859,213 |
| Gross Profit | -2,667,421 | -5,112,681 | -1,626,425 | -601,267 | 1,191,778 | 4,716,919 | 4,314,753 | -557,387 | 3,495,815 | 303,051 | -25,391 | 4,760,408 | 4,562,918 | 9,071,151 | 9,390,884 |
| Admin Expenses | 1,003,249 | 3,962,040 | 1,239,599 | 1,937,330 | 1,816,425 | 1,701,346 | 3,690,926 | 6,645,546 | 4,555,275 | 4,649,365 | 1,834,340 | 2,673,323 | 3,442,088 | 4,687,145 | 11,773,630 |
| Operating Profit | -3,670,670 | -9,074,721 | -2,866,024 | -2,538,597 | -624,647 | 3,015,573 | 623,827 | -7,202,933 | -1,059,460 | -4,346,314 | -1,859,731 | 2,087,085 | 1,120,830 | 4,384,006 | -2,382,746 |
| Interest Payable | 1,809,376 | 492,337 | 248,452 | 294,643 | 342,432 | 325,546 | 183,926 | 165,393 | 164,128 | 186,983 | 123,993 | 0 | 0 | 525 | 83,531 |
| Interest Receivable | 18,502 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,485 | 630 | 214 | 10,187 |
| Pre-Tax Profit | -5,461,544 | -9,567,058 | -3,114,476 | -2,833,240 | -967,079 | 2,690,027 | 439,901 | -10,542,852 | -6,294,857 | -4,533,297 | -1,983,724 | 2,089,570 | 1,121,460 | 4,383,695 | -2,456,090 |
| Tax | 1,436,091 | 1,646,169 | 285,166 | -26,981 | 552,305 | 270,541 | 828,768 | 5,146 | 191,288 | 0 | 0 | 0 | -173 | 25,001 | 98,572 |
| Profit After Tax | -4,025,453 | -7,920,889 | -2,829,310 | -2,860,221 | -414,774 | 2,960,568 | 1,268,669 | -10,537,706 | -6,103,569 | -4,533,297 | -1,983,724 | 2,089,570 | 1,121,287 | 4,408,696 | -2,357,518 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,025,453 | -7,920,889 | -2,829,310 | -2,860,221 | -414,774 | 2,960,568 | 1,268,669 | -10,537,706 | -6,103,569 | -4,533,297 | -1,983,724 | 2,089,570 | 1,121,287 | 4,408,696 | -2,357,518 |
| Employee Costs | 11,226,501 | 10,826,799 | 7,000,291 | 6,041,426 | 5,142,678 | 4,608,671 | 4,774,733 | 5,610,409 | 6,699,427 | 7,640,583 | 6,340,827 | 2,321,225 | 2,804,580 | 4,809,528 | 6,682,750 |
| Number Of Employees | 101 | 108 | 81 | 75 | 70 | 68 | 71 | 81 | 95 | 106 | 85 | 26 | 31 | 42 | 59 |
| EBITDA* | -710,882 | -6,098,871 | -2,810,634 | -2,483,241 | -508,755 | 3,150,205 | 1,844,126 | -3,519,901 | 1,187,583 | -4,159,555 | -1,684,978 | 2,237,222 | 1,253,130 | 4,549,346 | -2,100,620 |
* 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 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 36,662 | 67,948 | 67,783 | 54,368 | 83,096 | 132,836 | 200,704 | 135,104 | 201,515 | 238,394 | 305,786 | 160,308 | 320,464 | 336,360 | 338,714 |
| Intangible Assets | 7,179,228 | 10,091,632 | 949 | 1,541 | 2,743 | 5,268 | 16,303 | 1,088,757 | 7,796,551 | 14,962,250 | 17,731,755 | 7,753,996 | 0 | 0 | 0 |
| Investments & Other | 0 | 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 | 4,290 | 1,590,853 | 1,591,319 | 1,896,563 | 0 | 0 |
| Total Fixed Assets | 7,215,890 | 10,159,580 | 68,732 | 55,909 | 85,839 | 138,104 | 217,007 | 1,223,861 | 7,998,066 | 15,204,934 | 19,628,394 | 9,505,623 | 2,217,027 | 336,360 | 338,714 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,784 | 41,491 | 128,959 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 987,423 | 669,333 | 1,220,030 | 1,098,722 |
| Group Debtors | 26,737,118 | 16,295,769 | 11,154,536 | 12,552,729 | 14,107,020 | 16,176,438 | 14,756,423 | 14,801,376 | 12,996,608 | 4,172,905 | 7,562,640 | 1,760,049 | 0 | 0 | 5,147,975 |
| Misc Debtors | 1,640,104 | 1,803,712 | 499,679 | 799,783 | 796,693 | 461,525 | 673,283 | 471,182 | 208,493 | 269,995 | 354,859 | 171,974 | 304,835 | 235,244 | 856,751 |
| Cash | 326,672 | 2,847,610 | 6,285,431 | 4,154,754 | 570,192 | 737,166 | 507,293 | 555,564 | 446,143 | 1,785,814 | 266,638 | 888,489 | 479,709 | 1,483,271 | 41,814 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,703,894 | 20,947,091 | 17,939,646 | 17,507,266 | 15,473,905 | 17,375,129 | 15,936,999 | 15,828,122 | 13,651,244 | 6,228,714 | 8,184,137 | 3,819,719 | 1,495,368 | 3,067,504 | 7,145,262 |
| total assets | 35,919,784 | 31,106,671 | 18,008,378 | 17,563,175 | 15,559,744 | 17,513,233 | 16,154,006 | 17,051,983 | 21,649,310 | 21,433,648 | 27,812,531 | 13,325,342 | 3,712,395 | 3,403,864 | 7,483,976 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,287,957 | 574,874 | 455,142 | 846,938 | 142,011 | 203,969 | 1,082,490 | 863,713 | 20,080 | 103,925 | 336,391 | 68,140 | 71,243 | 70,168 | 332,138 |
| Group/Directors Accounts | 49,608,443 | 48,681,546 | 29,650,572 | 28,202,244 | 25,123,390 | 27,113,523 | 21,068,800 | 22,927,456 | 16,035,713 | 10,413,126 | 8,821,915 | 9,367,571 | 3,812,294 | 2,450,758 | 10,390,113 |
| 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 | 0 |
| other current liabilities | 1,507,409 | 1,169,007 | 3,691,369 | 2,000,965 | 1,370,291 | 1,162,989 | 1,061,797 | 1,702,134 | 2,133,138 | 1,536,962 | 2,171,659 | 2,151,502 | 1,239,033 | 1,616,532 | 3,369,666 |
| total current liabilities | 52,403,809 | 50,425,427 | 33,797,083 | 31,050,147 | 26,635,692 | 28,480,481 | 23,213,087 | 25,493,303 | 18,188,931 | 12,054,013 | 11,329,965 | 11,587,213 | 5,122,570 | 4,137,458 | 14,091,943 |
| loans | 7,429,741 | 0 | 0 | 0 | 0 | 0 | 6,908,680 | 6,908,680 | 14,338,421 | 14,338,421 | 17,348,465 | 9,364 | 9,364 | 1,946,290 | 461,922 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 997,258 | 0 | 0 | 0 |
| provisions | 2,031,094 | 2,600,651 | 160,858 | 82,571 | 22,680 | 19,328 | 46,221 | 61,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,460,835 | 2,600,651 | 160,858 | 82,571 | 22,680 | 19,328 | 6,954,901 | 6,970,328 | 14,338,421 | 14,338,421 | 17,348,465 | 1,006,622 | 9,364 | 1,946,290 | 461,922 |
| total liabilities | 61,864,644 | 53,026,078 | 33,957,941 | 31,132,718 | 26,658,372 | 28,499,809 | 30,167,988 | 32,463,631 | 32,527,352 | 26,392,434 | 28,678,430 | 12,593,835 | 5,131,934 | 6,083,748 | 14,553,865 |
| net assets | -25,944,860 | -21,919,407 | -15,949,563 | -13,569,543 | -11,098,628 | -10,986,576 | -14,013,982 | -15,411,648 | -10,878,042 | -4,958,786 | -865,899 | 731,507 | -1,419,539 | -2,679,884 | -7,069,889 |
| total shareholders funds | -25,944,860 | -21,919,407 | -15,949,563 | -13,569,543 | -11,098,628 | -10,986,576 | -14,013,982 | -15,411,648 | -10,878,042 | -4,958,786 | -865,899 | 731,507 | -1,419,539 | -2,679,884 | -7,069,889 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -3,670,670 | -9,074,721 | -2,866,024 | -2,538,597 | -624,647 | 3,015,573 | 623,827 | -7,202,933 | -1,059,460 | -4,346,314 | -1,859,731 | 2,087,085 | 1,120,830 | 4,384,006 | -2,382,746 |
| Depreciation | 47,384 | 63,348 | 54,798 | 54,154 | 111,595 | 123,594 | 142,312 | 125,997 | 146,718 | 186,759 | 174,753 | 150,137 | 132,300 | 165,340 | 282,126 |
| Amortisation | 2,912,404 | 2,912,502 | 592 | 1,202 | 4,297 | 11,038 | 1,077,987 | 3,557,035 | 2,100,325 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,436,091 | 1,646,169 | 285,166 | -26,981 | 552,305 | 270,541 | 828,768 | 5,146 | 191,288 | 0 | 0 | 0 | -173 | 25,001 | 98,572 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,784 | -29,707 | -87,468 | 128,959 | 0 |
| Debtors | 10,277,741 | 6,445,266 | -1,698,297 | -1,551,201 | -1,734,250 | 1,208,257 | 157,148 | 2,067,457 | 8,757,911 | -5,061,162 | 4,997,587 | 1,640,034 | 1,415,457 | -5,648,174 | 7,103,448 |
| Creditors | 713,083 | 119,732 | -391,796 | 704,927 | -61,958 | -878,521 | 218,777 | 843,633 | -83,845 | -232,466 | 268,251 | -3,103 | 1,075 | -261,970 | 332,138 |
| Accruals and Deferred Income | 338,402 | -2,522,362 | 1,690,404 | 630,674 | 207,302 | 101,192 | -640,337 | -431,004 | 596,176 | -634,697 | 20,157 | 912,469 | -377,499 | -1,753,134 | 3,369,666 |
| Deferred Taxes & Provisions | -569,557 | 2,439,793 | 78,287 | 59,891 | 3,352 | -26,893 | -15,427 | 61,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,070,604 | -10,860,805 | 549,724 | 436,471 | 1,926,496 | 1,408,267 | 2,078,759 | -5,107,935 | -6,866,709 | 34,444 | -6,382,373 | 1,536,261 | -451,456 | 8,078,458 | -5,403,692 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 926,897 | 19,030,974 | 1,448,328 | 3,078,854 | -1,990,133 | 6,044,723 | -1,858,656 | 6,891,743 | 5,622,587 | 1,591,211 | -545,656 | 5,555,277 | 1,361,536 | -7,939,355 | 10,390,113 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 7,429,741 | 0 | 0 | 0 | 0 | -6,908,680 | 0 | -7,429,741 | 0 | -3,010,044 | 17,339,101 | 0 | -1,936,926 | 1,484,368 | 461,922 |
| Hire Purchase and Lease Commitments | 0 | 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 | -997,258 | 997,258 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -1,790,874 | -492,337 | -248,452 | -294,643 | -342,432 | -325,546 | -183,926 | -165,393 | -164,128 | -186,983 | -123,993 | 2,485 | 630 | -311 | -73,344 |
| cash flow from financing | 6,565,764 | 20,489,682 | 1,649,166 | 3,173,517 | -2,029,843 | -1,122,665 | -1,913,585 | 5,300,709 | 5,642,772 | -1,165,406 | 16,058,512 | 6,616,496 | -435,702 | -6,473,989 | 6,066,320 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,520,938 | -3,437,821 | 2,130,677 | 3,584,562 | -166,974 | 229,873 | -48,271 | 109,421 | -1,339,671 | 1,519,176 | -621,851 | 408,780 | -1,003,562 | 1,441,457 | 41,814 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26 | 26 |
| change in cash | -2,520,938 | -3,437,821 | 2,130,677 | 3,584,562 | -166,974 | 229,873 | -48,271 | 109,421 | -1,339,671 | 1,519,176 | -621,851 | 408,780 | -1,003,562 | 1,441,483 | 41,788 |
nice systems technologies uk limited Credit Report and Business Information
Nice Systems Technologies Uk Limited Competitor Analysis
Perform a competitor analysis for nice systems technologies uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in SO30 area or any other competitors across 12 key performance metrics.
nice systems technologies uk limited Ownership
NICE SYSTEMS TECHNOLOGIES UK LIMITED group structure
Nice Systems Technologies Uk Limited has no subsidiary companies.
Ultimate parent company
NICE SYSTEMS LIMITED
#0136048
2 parents
NICE SYSTEMS TECHNOLOGIES UK LIMITED
02795958
nice systems technologies uk limited directors
Nice Systems Technologies Uk Limited currently has 2 directors. The longest serving directors include Mr Darren Rushworth (Apr 2022) and Mrs Selma Duliman (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Rushworth | England | 59 years | Apr 2022 | - | Director |
| Mrs Selma Duliman | England | 35 years | Oct 2022 | - | Director |
P&L
December 2023turnover
21.8m
+17%
operating profit
-3.7m
-60%
gross margin
-12.2%
-55.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-25.9m
+0.18%
total assets
35.9m
+0.15%
cash
326.7k
-0.89%
net assets
Total assets minus all liabilities
nice systems technologies uk limited company details
company number
02795958
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
March 1993
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fortent limited (April 2013)
searchspace limited (December 2006)
accountant
-
auditor
FORVIS MAZARS LLP
address
tollbar house tollbar way, hedge end, southampton, hampshire, SO30 2ZP
Bank
CITIBANK
Legal Advisor
-
nice systems technologies uk 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 found 5 charges/mortgages relating to nice systems technologies uk limited. Currently there are 3 open charges and 2 have been satisfied in the past.
nice systems technologies uk limited Companies House Filings - See Documents
| date | description | view/download |
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