nero holdings limited
nero holdings limited Company Information
Company Number
03288178
Next Accounts
Feb 2025
Industry
Unlicensed restaurants and cafes
Shareholders
italian coffee holdings ltd
Group Structure
View All
Contact
Registered Address
9-15 neal street, london, WC2H 9QL
Website
-nero holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NERO HOLDINGS LIMITED at £330.2m based on a Turnover of £302m and 1.09x industry multiple (adjusted for size and gross margin).
nero holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NERO HOLDINGS LIMITED at £175.1m based on an EBITDA of £24.4m and a 7.16x industry multiple (adjusted for size and gross margin).
nero holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NERO HOLDINGS LIMITED at £950.5m based on Net Assets of £348.5m and 2.73x industry multiple (adjusted for liquidity).
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Nero Holdings Limited Overview
Nero Holdings Limited is a live company located in london, WC2H 9QL with a Companies House number of 03288178. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in December 1996, it's largest shareholder is italian coffee holdings ltd with a 100% stake. Nero Holdings Limited is a mature, mega sized company, Pomanda has estimated its turnover at £302m with healthy growth in recent years.
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Nero Holdings Limited Health Check
Pomanda's financial health check has awarded Nero Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £302m, make it larger than the average company (£459.2k)
£302m - Nero Holdings Limited
£459.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (9.9%)
8% - Nero Holdings Limited
9.9% - Industry AVG
Production
with a gross margin of 24.2%, this company has a higher cost of product (61.9%)
24.2% - Nero Holdings Limited
61.9% - Industry AVG
Profitability
an operating margin of 4.5% make it more profitable than the average company (0.9%)
4.5% - Nero Holdings Limited
0.9% - Industry AVG
Employees
with 5708 employees, this is above the industry average (20)
5708 - Nero Holdings Limited
20 - Industry AVG
Pay Structure
on an average salary of £17.5k, the company has a higher pay structure (£11.4k)
£17.5k - Nero Holdings Limited
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £52.9k, this is more efficient (£38.3k)
£52.9k - Nero Holdings Limited
£38.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is near the average (5 days)
4 days - Nero Holdings Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (30 days)
32 days - Nero Holdings Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (5 days)
4 days - Nero Holdings Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (33 weeks)
4 weeks - Nero Holdings Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.3%, this is a lower level of debt than the average (75.8%)
29.3% - Nero Holdings Limited
75.8% - Industry AVG
NERO HOLDINGS LIMITED financials
Nero Holdings Limited's latest turnover from May 2023 is £302 million and the company has net assets of £348.5 million. According to their latest financial statements, Nero Holdings Limited has 5,708 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 302,022,000 | 253,823,000 | 153,394,000 | 239,694,000 | 292,569,000 | 279,223,000 | 264,897,000 | 248,761,000 | 233,747,000 | 215,496,000 | 197,539,000 | 177,404,000 | 158,042,000 | 145,663,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 228,885,000 | 175,643,000 | 98,698,000 | 189,004,000 | 226,249,000 | 214,822,000 | 200,751,000 | 189,497,000 | 176,642,000 | 162,989,000 | 150,037,000 | 133,045,000 | 117,740,000 | 108,909,000 |
| Gross Profit | 73,137,000 | 78,180,000 | 54,696,000 | 50,690,000 | 66,320,000 | 64,401,000 | 64,146,000 | 59,264,000 | 57,105,000 | 52,507,000 | 47,502,000 | 44,359,000 | 40,302,000 | 36,754,000 |
| Admin Expenses | 59,477,000 | 38,358,000 | 4,518,000 | 50,716,000 | 38,250,000 | 35,027,000 | 33,308,000 | 29,972,000 | 27,494,000 | 24,736,000 | 23,540,000 | 21,464,000 | ||
| Operating Profit | 13,660,000 | 39,822,000 | 50,178,000 | -26,000 | 25,896,000 | 24,237,000 | 23,797,000 | 22,535,000 | 20,008,000 | 19,623,000 | 16,762,000 | 15,290,000 | ||
| Interest Payable | 2,740,000 | 1,556,000 | 5,261,000 | 11,659,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 16,000 | 41,000 | 16,000 |
| Pre-Tax Profit | 10,920,000 | 38,266,000 | 44,917,000 | -11,685,000 | 23,089,000 | 22,501,000 | 25,896,000 | 24,237,000 | 23,797,000 | 22,538,000 | 20,011,000 | 19,639,000 | 16,803,000 | 15,306,000 |
| Tax | -3,100,000 | -1,938,000 | 9,902,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 7,820,000 | 36,328,000 | 54,819,000 | -11,685,000 | 23,089,000 | 22,501,000 | 25,896,000 | 24,237,000 | 23,797,000 | 22,538,000 | 20,011,000 | 19,639,000 | 16,803,000 | 15,306,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 7,820,000 | 36,328,000 | 54,819,000 | -11,685,000 | 23,089,000 | 22,501,000 | 25,896,000 | 24,237,000 | 23,797,000 | 22,538,000 | 20,011,000 | 19,639,000 | 16,803,000 | 15,306,000 |
| Employee Costs | 100,135,000 | 84,856,000 | 50,572,000 | 83,500,000 | 98,923,000 | 95,335,000 | 76,639,000 | 69,978,000 | 64,766,000 | 58,163,000 | 55,507,000 | 49,698,000 | 44,419,000 | 41,859,000 |
| Number Of Employees | 5,708 | 4,806 | 4,065 | 5,820 | 5,401 | 5,262 | 4,705 | 4,420 | 4,194 | 3,873 | 3,618 | 3,317 | 3,015 | 2,844 |
| EBITDA* | 24,444,000 | 61,053,000 | 64,373,000 | 65,734,000 | 43,549,000 | 41,001,000 | 39,879,000 | 36,588,000 | 33,310,000 | 31,677,000 | 28,470,000 | 26,843,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 112,534,000 | 99,292,000 | 102,759,000 | 184,612,000 | 84,490,000 | 85,919,000 | 83,498,000 | 65,189,000 | 63,919,000 | 64,523,000 | 61,607,000 | 59,262,000 | 54,221,000 | 52,329,000 |
| Intangible Assets | 972,000 | 783,000 | 1,224,000 | 1,739,000 | 1,461,000 | 1,546,000 | 1,909,000 | 1,710,000 | 1,070,000 | 790,000 | 565,000 | 523,000 | 461,000 | 435,000 |
| Investments & Other | 10,026,000 | 17,483,000 | 17,453,000 | 17,506,000 | 17,353,000 | 17,353,000 | 17,353,000 | 3,925,000 | 3,925,000 | 3,925,000 | 3,925,000 | 3,925,000 | 3,925,000 | 3,925,000 |
| Debtors (Due After 1 year) | 348,458,000 | 322,210,000 | 149,000 | 149,000 | 307,000 | 37,000 | 37,000 | 30,000 | 30,000 | 30,000 | 31,000 | 44,000 | 44,000 | 116,000 |
| Total Fixed Assets | 471,990,000 | 439,768,000 | 103,983,000 | 186,351,000 | 85,951,000 | 87,465,000 | 85,407,000 | 66,899,000 | 64,989,000 | 65,313,000 | 62,172,000 | 59,785,000 | 54,682,000 | 52,764,000 |
| Stock & work in progress | 2,631,000 | 2,589,000 | 2,487,000 | 1,858,000 | 1,902,000 | 1,886,000 | 1,846,000 | 1,586,000 | 1,438,000 | 1,425,000 | 1,369,000 | 1,494,000 | 1,127,000 | 1,111,000 |
| Trade Debtors | 3,841,000 | 3,501,000 | 1,481,000 | 2,647,000 | 4,632,000 | 5,858,000 | 1,560,000 | 3,638,000 | 982,000 | 784,000 | 1,027,000 | 844,000 | 674,000 | 407,000 |
| Group Debtors | 0 | 0 | 276,465,000 | 250,565,000 | 241,791,000 | 216,367,000 | 191,571,000 | 172,958,000 | 149,614,000 | 126,681,000 | 103,540,000 | 86,000,000 | 64,614,000 | 37,988,000 |
| Misc Debtors | 6,836,000 | 11,147,000 | 1,781,000 | 6,197,000 | 9,786,000 | 7,925,000 | 11,671,000 | 4,522,000 | 4,268,000 | 4,600,000 | 4,532,000 | 4,997,000 | 4,616,000 | 3,886,000 |
| Cash | 7,271,000 | 13,532,000 | 28,827,000 | 14,925,000 | 8,022,000 | 10,431,000 | 12,002,000 | 11,627,000 | 9,418,000 | 8,790,000 | 9,867,000 | 7,628,000 | 7,944,000 | 16,829,000 |
| misc current assets | 47,000 | 309,000 | 10,983,000 | 417,000 | 214,000 | 342,000 | 186,000 | 221,000 | 262,000 | 301,000 | 329,000 | 328,000 | 354,000 | 365,000 |
| total current assets | 20,626,000 | 31,078,000 | 322,024,000 | 276,609,000 | 266,347,000 | 242,809,000 | 218,836,000 | 194,552,000 | 165,982,000 | 142,581,000 | 120,664,000 | 101,291,000 | 79,329,000 | 60,586,000 |
| total assets | 492,616,000 | 470,846,000 | 426,007,000 | 462,960,000 | 352,298,000 | 330,274,000 | 304,243,000 | 261,451,000 | 230,971,000 | 207,894,000 | 182,836,000 | 161,076,000 | 134,011,000 | 113,350,000 |
| 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 | 20,654,000 | 10,731,000 | 11,083,000 | 17,134,000 | 17,676,000 | 27,294,000 | 24,704,000 | 21,481,000 | 15,728,000 | 16,584,000 | 16,797,000 | 16,586,000 | 12,575,000 | 13,182,000 |
| Group/Directors Accounts | 10,889,000 | 11,347,000 | 496,000 | 465,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 395,000 | 0 | 483,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 18,125,000 | 8,251,000 | 7,162,000 | 52,911,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 27,426,000 | 33,037,000 | 46,904,000 | 64,752,000 | 69,119,000 | 60,591,000 | 59,860,000 | 46,469,000 | 45,979,000 | 45,707,000 | 42,780,000 | 41,117,000 | 37,580,000 | 33,692,000 |
| total current liabilities | 77,489,000 | 63,366,000 | 66,128,000 | 135,262,000 | 86,795,000 | 87,885,000 | 84,564,000 | 67,950,000 | 61,707,000 | 62,291,000 | 59,577,000 | 57,703,000 | 50,155,000 | 46,874,000 |
| loans | 0 | 0 | 97,942,000 | 143,406,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 63,773,000 | 64,033,000 | 48,971,000 | 71,703,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 173,000 | 118,000 | 171,000 | 663,000 | 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 |
| provisions | 2,641,000 | 2,609,000 | 6,546,000 | 5,374,000 | 2,122,000 | 982,000 | 564,000 | 0 | 0 | 272,000 | 660,000 | 910,000 | 1,154,000 | 0 |
| total long term liabilities | 66,587,000 | 66,760,000 | 52,415,000 | 75,053,000 | 1,061,000 | 491,000 | 282,000 | 0 | 0 | 136,000 | 330,000 | 455,000 | 577,000 | 0 |
| total liabilities | 144,076,000 | 130,126,000 | 118,543,000 | 210,315,000 | 87,856,000 | 88,376,000 | 84,846,000 | 67,950,000 | 61,707,000 | 62,427,000 | 59,907,000 | 58,158,000 | 50,732,000 | 46,874,000 |
| net assets | 348,540,000 | 340,720,000 | 307,464,000 | 252,645,000 | 264,442,000 | 241,898,000 | 219,397,000 | 193,501,000 | 169,264,000 | 145,467,000 | 122,929,000 | 102,918,000 | 83,279,000 | 66,476,000 |
| total shareholders funds | 348,540,000 | 340,720,000 | 307,464,000 | 252,645,000 | 264,442,000 | 241,898,000 | 219,397,000 | 193,501,000 | 169,264,000 | 145,467,000 | 122,929,000 | 102,918,000 | 83,279,000 | 66,476,000 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 13,660,000 | 39,822,000 | 50,178,000 | -26,000 | 25,896,000 | 24,237,000 | 23,797,000 | 22,535,000 | 20,008,000 | 19,623,000 | 16,762,000 | 15,290,000 | ||
| Depreciation | 10,568,000 | 20,696,000 | 13,572,000 | 65,090,000 | 17,776,000 | 18,030,000 | 16,924,000 | 16,191,000 | 15,522,000 | 13,851,000 | 13,195,000 | 11,980,000 | 11,655,000 | 11,507,000 |
| Amortisation | 216,000 | 535,000 | 623,000 | 670,000 | 645,000 | 766,000 | 729,000 | 573,000 | 560,000 | 202,000 | 107,000 | 74,000 | 53,000 | 46,000 |
| Tax | -3,100,000 | -1,938,000 | 9,902,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 42,000 | 102,000 | 629,000 | -44,000 | 16,000 | 40,000 | 260,000 | 148,000 | 13,000 | 56,000 | -125,000 | 367,000 | 16,000 | 1,111,000 |
| Debtors | 22,277,000 | 56,982,000 | 20,318,000 | 3,042,000 | 26,329,000 | 25,348,000 | 23,691,000 | 26,254,000 | 22,799,000 | 22,965,000 | 17,245,000 | 21,937,000 | 27,551,000 | 42,397,000 |
| Creditors | 9,923,000 | -352,000 | -6,051,000 | -542,000 | -9,618,000 | 2,590,000 | 3,223,000 | 5,753,000 | -856,000 | -213,000 | 211,000 | 4,011,000 | -607,000 | 13,182,000 |
| Accruals and Deferred Income | -5,556,000 | -13,920,000 | -18,340,000 | -3,704,000 | 8,528,000 | 731,000 | 13,391,000 | 490,000 | 272,000 | 2,927,000 | 1,663,000 | 3,537,000 | 3,888,000 | 33,692,000 |
| Deferred Taxes & Provisions | 32,000 | -3,937,000 | 1,172,000 | 3,252,000 | 1,140,000 | 418,000 | 564,000 | 0 | -272,000 | -388,000 | -250,000 | -244,000 | 1,154,000 | 0 |
| Cash flow from operations | 3,424,000 | -16,178,000 | 30,109,000 | 61,742,000 | 36,776,000 | 20,842,000 | 16,211,000 | 15,893,000 | 17,814,000 | 16,677,000 | 5,338,000 | 30,209,000 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -7,457,000 | 30,000 | -53,000 | 153,000 | 0 | 0 | 13,428,000 | 0 | 0 | 0 | 0 | 0 | 0 | 3,925,000 |
| 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 | -458,000 | 10,851,000 | 31,000 | 465,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 395,000 | -483,000 | 483,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -97,942,000 | -45,464,000 | 143,406,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 9,614,000 | 16,151,000 | -68,481,000 | 124,614,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,740,000 | -1,556,000 | -5,261,000 | -11,659,000 | 0 | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 16,000 | 41,000 | 16,000 |
| cash flow from financing | 6,811,000 | -76,051,000 | -118,692,000 | 256,714,000 | -545,000 | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 16,000 | 41,000 | 51,186,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -6,261,000 | -15,295,000 | 13,902,000 | 6,903,000 | -2,409,000 | -1,571,000 | 375,000 | 2,209,000 | 628,000 | -1,077,000 | 2,239,000 | -316,000 | -8,885,000 | 16,829,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,261,000 | -15,295,000 | 13,902,000 | 6,903,000 | -2,409,000 | -1,571,000 | 375,000 | 2,209,000 | 628,000 | -1,077,000 | 2,239,000 | -316,000 | -8,885,000 | 16,829,000 |
nero holdings limited Credit Report and Business Information
Nero Holdings Limited Competitor Analysis
Perform a competitor analysis for nero holdings limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mega companies, companies in WC2H area or any other competitors across 12 key performance metrics.
nero holdings limited Ownership
NERO HOLDINGS LIMITED group structure
Nero Holdings Limited has 2 subsidiary companies.
Ultimate parent company
NERO CO
#0117832
2 parents
NERO HOLDINGS LIMITED
03288178
2 subsidiaries
nero holdings limited directors
Nero Holdings Limited currently has 3 directors. The longest serving directors include Dr Gerald Ford (Dec 1996) and Mr Benedict Price (Jul 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Gerald Ford | United Kingdom | 67 years | Dec 1996 | - | Director |
| Mr Benedict Price | England | 57 years | Jul 2001 | - | Director |
| Mr Glyn House | United Kingdom | 58 years | Oct 2016 | - | Director |
P&L
May 2023turnover
302m
+19%
operating profit
13.7m
-66%
gross margin
24.3%
-21.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
348.5m
+0.02%
total assets
492.6m
+0.05%
cash
7.3m
-0.46%
net assets
Total assets minus all liabilities
nero holdings limited company details
company number
03288178
Type
Private limited with Share Capital
industry
56102 - Unlicensed restaurants and cafes
incorporation date
December 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
carebuy limited (September 1997)
accountant
-
auditor
ERNST & YOUNG LLP
address
9-15 neal street, london, WC2H 9QL
Bank
SANTANDER UK PLC
Legal Advisor
LINKLATERS
nero holdings 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 20 charges/mortgages relating to nero holdings limited. Currently there are 5 open charges and 15 have been satisfied in the past.
nero holdings limited Capital Raised & Share Issues BETA
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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nero holdings limited Companies House Filings - See Documents
| date | description | view/download |
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