Nirco Limited

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nirco limited Company Information

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MatureMicroHealthy

Company Number

03284633

Website

http://premiercollections-london.co.uk

Registered Address

98 streatham high road, london, SW16 1BS

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

02087697140

Next Accounts Due

January 2025

Group Structure

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Directors

Nirmal Shah27 Years

Shareholders

shaila shah 50%

nirmal shah 50%

nirco limited Estimated Valuation

£136.3k

Pomanda estimates the enterprise value of NIRCO LIMITED at £136.3k based on Net Assets of £44.7k and 3.05x industry multiple (adjusted for liquidity).

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Nirco Limited is a live company located in london, SW16 1BS with a Companies House number of 03284633. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in November 1996, it's largest shareholder is shaila shah with a 50% stake. Nirco Limited is a mature, micro sized company, Pomanda has estimated its turnover at £101.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Nirco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £101.4k, make it smaller than the average company (£7.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.1%)

EXPORT

Nirco Limited's latest turnover from April 2023 is estimated at £101.4 thousand and the company has net assets of £44.7 thousand. According to their latest financial statements, Nirco Limited has 2 employees and maintains cash reserves of £38.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	101,370	85,041	74,247	85,330	160,089	172,911	195,498	99,016	103,616	96,674	71,026	76,204	127,439	141,138
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	55,595	48,595	42,691	50,506	94,003	101,069	117,256	59,251	62,223	59,236	43,563	46,982	78,014	85,108
Gross Profit	45,775	36,446	31,557	34,824	66,086	71,842	78,242	39,765	41,393	37,438	27,464	29,222	49,424	56,030
Admin Expenses	46,856	20,187	-5,961	34,564	66,030	72,457	79,923	37,205	41,278	39,721	32,229	36,019	47,297	38,833
Operating Profit	-1,081	16,259	37,518	260	56	-615	-1,681	2,560	115	-2,283	-4,765	-6,797	2,127	17,197
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,800	330	21	1	8	6	2	5	5	5	7	15	33	23
Pre-Tax Profit	719	16,589	37,540	260	64	-609	-1,679	2,565	120	-2,278	-4,758	-6,782	2,161	17,219
Tax	-180	-3,152	-7,133	-49	-12	0	0	-513	-24	0	0	0	-562	-4,821
Profit After Tax	539	13,437	30,407	211	52	-609	-1,679	2,052	96	-2,278	-4,758	-6,782	1,599	12,398
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	539	13,437	30,407	211	52	-609	-1,679	2,052	96	-2,278	-4,758	-6,782	1,599	12,398
Employee Costs	49,982	43,566	43,717	43,127	87,654	85,013	82,830	20,765	19,219	20,426	19,800	20,171	36,393	37,409
Number Of Employees	2	2	2	2	4	4	4	1	1	1	1	1	2	2
EBITDA*	-1,033	16,307	37,582	346	151	-488	-1,681	2,784	414	-1,329	-3,491	-5,100	4,392	20,212

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	40	88	136	200	286	381	508	675	899	2,868	3,822	5,096	6,793	9,058
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	40	88	136	200	286	381	508	675	899	2,868	3,822	5,096	6,793	9,058
Stock & work in progress	19,750	17,750	14,500	15,750	15,450	16,100	23,550	29,150	28,550	26,575	21,750	23,750	20,250	19,750
Trade Debtors	0	0	0	0	1,760	1,699	2,011	2,109	1,835	1,636	762	539	6,923	6,419
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	38,616	46,097	41,982	560	679	1,569	949	901	936	947	1,046	1,868	4,273	9,089
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	58,366	63,847	56,482	16,310	17,889	19,368	26,510	32,160	31,321	29,158	23,558	26,157	31,446	35,258
total assets	58,406	63,935	56,618	16,510	18,175	19,749	27,018	32,835	32,220	32,026	27,380	31,253	38,239	44,316
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	574	1,149	1,361	1,172	15,735	18,136	24,798	28,934	30,371	28,243	21,319	24,036	24,240	31,916
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	8,823	14,316	20,224	12,687	0	0	0	0	0	0	0	0	0	0
total current liabilities	9,397	15,465	21,585	13,859	15,735	18,136	24,798	28,934	30,371	28,243	21,319	24,036	24,240	31,916
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	4,322	4,322	4,322	2,347	2,347	1,572	1,572	1,572	1,572	3,602	3,602	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,322	4,322	4,322	2,347	2,347	1,572	1,572	1,572	1,572	3,602	3,602	0	0	0
total liabilities	13,719	19,787	25,907	16,206	18,082	19,708	26,370	30,506	31,943	31,845	24,921	24,036	24,240	31,916
net assets	44,687	44,148	30,711	304	93	41	648	2,329	277	181	2,459	7,217	13,999	12,400
total shareholders funds	44,687	44,148	30,711	304	93	41	648	2,329	277	181	2,459	7,217	13,999	12,400

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-1,081	16,259	37,518	260	56	-615	-1,681	2,560	115	-2,283	-4,765	-6,797	2,127	17,197
Depreciation	48	48	64	86	95	127	0	224	299	954	1,274	1,697	2,265	3,015
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-180	-3,152	-7,133	-49	-12	0	0	-513	-24	0	0	0	-562	-4,821
Stock	2,000	3,250	-1,250	300	-650	-7,450	-5,600	600	1,975	4,825	-2,000	3,500	500	19,750
Debtors	0	0	0	-1,760	61	-312	-98	274	199	874	223	-6,384	504	6,419
Creditors	-575	-212	189	-14,563	-2,401	-6,662	-4,136	-1,437	2,128	6,924	-2,717	-204	-7,676	31,916
Accruals and Deferred Income	-5,493	-5,908	7,537	12,687	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	-9,281	3,785	39,425	-119	-1,673	612	-119	-40	344	-104	-4,431	-2,420	-4,850	21,138
Investing Activities
capital expenditure	0	0	0	0	0	0	167	0	1,670	0	0	0	0	-12,073
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	167	0	1,670	0	0	0	0	-12,073
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	1,975	0	775	0	0	0	-2,030	0	3,602	0	0	0
share issue	0	0	0	0	0	2	-2	0	0	0	0	0	0	2
interest	1,800	330	21	1	8	6	2	5	5	5	7	15	33	23
cash flow from financing	1,800	330	1,996	1	783	8	0	5	-2,025	5	3,609	15	33	25
cash and cash equivalents
cash	-7,481	4,115	41,422	-119	-890	620	48	-35	-11	-99	-822	-2,405	-4,816	9,089
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-7,481	4,115	41,422	-119	-890	620	48	-35	-11	-99	-822	-2,405	-4,816	9,089

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NIRCO LIMITED group structure

Nirco Limited has no subsidiary companies.

Ultimate parent company

NIRCO LIMITED

03284633

NIRCO LIMITED Shareholders

shaila shah	50%
nirmal shah	50%

Nirco Limited currently has 1 director, Mr Nirmal Shah serving since Nov 1996.

officer	country	age	start	end	role
Mr Nirmal Shah		69 years	Nov 1996	-	Director

P&L

April 2023

turnover

101.4k

+19%

operating profit

-1.1k

gross margin

45.2%

+5.36%

turnover

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

Balance Sheet

April 2023

net assets

44.7k

+0.01%

total assets

58.4k

-0.09%

cash

38.6k

-0.16%

net assets

Total assets minus all liabilities

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company number

03284633

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

November 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

98 streatham high road, london, SW16 1BS

last accounts submitted

April 2023

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 3 charges/mortgages relating to nirco limited. Currently there are 3 open charges and 0 have been satisfied in the past.

nirco limited Company Information

nirco limited Estimated Valuation

nirco limited Estimated Valuation

nirco limited Estimated Valuation

Nirco Limited Overview

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NIRCO LIMITED financials

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nirco limited Companies House Filings - See Documents