nicholas & harris limited
nicholas & harris limited Company Information
Company Number
04636276
Next Accounts
Apr 2025
Shareholders
fennel acquisition limited
Group Structure
View All
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered Address
finsbury food group, maes-y-coed road, cardiff, CF14 4XR
Website
finsburyfoods.co.uknicholas & harris limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLAS & HARRIS LIMITED at £36.6m based on a Turnover of £37.1m and 0.99x industry multiple (adjusted for size and gross margin).
nicholas & harris limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLAS & HARRIS LIMITED at £8.1m based on an EBITDA of £1.1m and a 7.22x industry multiple (adjusted for size and gross margin).
nicholas & harris limited Estimated Valuation
Pomanda estimates the enterprise value of NICHOLAS & HARRIS LIMITED at £3.9m based on Net Assets of £1.9m and 2.08x industry multiple (adjusted for liquidity).
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Nicholas & Harris Limited Overview
Nicholas & Harris Limited is a live company located in cardiff, CF14 4XR with a Companies House number of 04636276. It operates in the manufacture of bread sector, SIC Code 10710. Founded in January 2003, it's largest shareholder is fennel acquisition limited with a 100% stake. Nicholas & Harris Limited is a mature, large sized company, Pomanda has estimated its turnover at £37.1m with low growth in recent years.
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Nicholas & Harris Limited Health Check
Pomanda's financial health check has awarded Nicholas & Harris 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 £37.1m, make it larger than the average company (£15.1m)
£37.1m - Nicholas & Harris Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.7%)
2% - Nicholas & Harris Limited
6.7% - Industry AVG
Production
with a gross margin of 29.1%, this company has a comparable cost of product (28.3%)
29.1% - Nicholas & Harris Limited
28.3% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.9%)
0.1% - Nicholas & Harris Limited
2.9% - Industry AVG
Employees
with 308 employees, this is above the industry average (174)
308 - Nicholas & Harris Limited
174 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£28.3k)
£31.9k - Nicholas & Harris Limited
£28.3k - Industry AVG
Efficiency
resulting in sales per employee of £120.3k, this is more efficient (£101.5k)
£120.3k - Nicholas & Harris Limited
£101.5k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (43 days)
38 days - Nicholas & Harris Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (45 days)
55 days - Nicholas & Harris Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (27 days)
15 days - Nicholas & Harris Limited
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (10 weeks)
16 weeks - Nicholas & Harris Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.8%, this is a higher level of debt than the average (59.7%)
89.8% - Nicholas & Harris Limited
59.7% - Industry AVG
NICHOLAS & HARRIS LIMITED financials
Nicholas & Harris Limited's latest turnover from July 2023 is £37.1 million and the company has net assets of £1.9 million. According to their latest financial statements, Nicholas & Harris Limited has 308 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 37,066,000 | 35,663,000 | 36,417,000 | 35,042,000 | 31,346,000 | 29,760,000 | 27,839,000 | 27,717,000 | 25,624,000 | 25,006,000 | 25,293,000 | 21,759,000 | 19,203,000 | 17,046,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 26,282,000 | 24,657,000 | 23,793,000 | 23,550,000 | 21,621,000 | 20,294,000 | 18,682,000 | 18,899,000 | 17,713,000 | 18,047,000 | 17,629,000 | 15,168,000 | 13,495,000 | 11,619,000 |
| Gross Profit | 10,784,000 | 11,006,000 | 12,624,000 | 11,492,000 | 9,725,000 | 9,466,000 | 9,157,000 | 8,818,000 | 7,911,000 | 6,959,000 | 7,664,000 | 6,591,000 | 5,708,000 | 5,427,000 |
| Admin Expenses | 10,749,000 | 10,633,000 | 10,071,000 | 9,419,000 | 8,301,000 | 8,118,000 | 7,294,000 | 7,230,000 | 6,960,000 | 5,696,000 | 6,192,000 | 5,450,000 | 4,747,000 | 4,610,000 |
| Operating Profit | 35,000 | 373,000 | 2,553,000 | 2,073,000 | 1,424,000 | 1,348,000 | 1,863,000 | 1,588,000 | 951,000 | 1,263,000 | 1,472,000 | 1,141,000 | 961,000 | 817,000 |
| Interest Payable | 155,000 | 108,000 | 108,000 | 106,000 | 122,000 | 93,000 | 101,000 | 81,000 | 92,000 | 87,000 | 92,000 | 110,000 | 163,000 | 219,000 |
| Interest Receivable | 210,000 | 128,000 | 117,000 | 69,000 | ||||||||||
| Pre-Tax Profit | 90,000 | 393,000 | 2,562,000 | 2,036,000 | 1,302,000 | 1,255,000 | 1,762,000 | 1,507,000 | 859,000 | 1,176,000 | 1,380,000 | 1,031,000 | 798,000 | 598,000 |
| Tax | -7,000 | -60,000 | -602,000 | -358,000 | -342,000 | 537,000 | -318,000 | -351,000 | -145,000 | -6,000 | -94,000 | -79,000 | 9,000 | -31,000 |
| Profit After Tax | 83,000 | 333,000 | 1,960,000 | 1,678,000 | 960,000 | 1,792,000 | 1,444,000 | 1,156,000 | 714,000 | 1,170,000 | 1,286,000 | 952,000 | 807,000 | 567,000 |
| Dividends Paid | 400,000 | 2,000,000 | 1,500,000 | 900,000 | 900,000 | 1,300,000 | 1,385,000 | 800,000 | 1,100,000 | 1,600,000 | ||||
| Retained Profit | 83,000 | -67,000 | -40,000 | 178,000 | 60,000 | 892,000 | 144,000 | -229,000 | -86,000 | 70,000 | -314,000 | 952,000 | 807,000 | 567,000 |
| Employee Costs | 9,838,000 | 10,030,000 | 9,818,000 | 11,685,000 | 10,516,000 | 9,853,000 | 9,090,000 | 8,678,000 | 7,518,000 | 7,640,000 | 7,685,000 | 6,978,000 | 6,400,000 | 5,008,000 |
| Number Of Employees | 308 | 351 | 318 | 325 | 308 | 306 | 288 | 280 | 272 | 278 | 284 | 265 | 245 | 223 |
| EBITDA* | 1,122,000 | 1,488,000 | 3,680,000 | 3,237,000 | 2,120,000 | 2,061,000 | 2,498,000 | 2,155,000 | 1,495,000 | 1,874,000 | 2,024,000 | 1,630,000 | 1,403,000 | 1,236,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,131,000 | 5,650,000 | 5,634,000 | 6,261,000 | 3,286,000 | 3,482,000 | 3,836,000 | 4,010,000 | 2,963,000 | 3,042,000 | 2,678,000 | 2,686,000 | 2,525,000 | 2,621,000 |
| Intangible Assets | 2,899,000 | 3,054,000 | 3,063,000 | 3,073,000 | 3,209,000 | 2,840,000 | 2,212,000 | 1,001,000 | 1,001,000 | 1,001,000 | 1,117,000 | 1,233,000 | 1,348,000 | 1,464,000 |
| Investments & Other | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 495,000 | 2,291,000 | 2,291,000 | 2,066,000 | 2,066,000 | 2,066,000 | 2,066,000 | 2,066,000 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 8,220,000 | 8,894,000 | 8,887,000 | 9,524,000 | 6,685,000 | 6,512,000 | 6,543,000 | 7,302,000 | 6,255,000 | 6,109,000 | 5,861,000 | 5,985,000 | 5,939,000 | 6,151,000 |
| Stock & work in progress | 1,086,000 | 690,000 | 579,000 | 754,000 | 657,000 | 501,000 | 455,000 | 441,000 | 291,000 | 302,000 | 293,000 | 276,000 | 360,000 | 223,000 |
| Trade Debtors | 3,900,000 | 3,509,000 | 3,816,000 | 4,389,000 | 3,420,000 | 3,064,000 | 3,140,000 | 3,549,000 | 3,083,000 | 2,737,000 | 2,237,000 | 2,020,000 | 1,682,000 | 1,579,000 |
| Group Debtors | 51,000 | 218,000 | 138,000 | 58,000 | ||||||||||
| Misc Debtors | 653,000 | 744,000 | 429,000 | 284,000 | 254,000 | 285,000 | 313,000 | 493,000 | 461,000 | 223,000 | 216,000 | 192,000 | 176,000 | 144,000 |
| Cash | 4,395,000 | 4,600,000 | 4,697,000 | 3,427,000 | 2,539,000 | 2,818,000 | 216,000 | 287,000 | 654,000 | 364,000 | 2,180,000 | 2,407,000 | 1,570,000 | 1,363,000 |
| misc current assets | ||||||||||||||
| total current assets | 10,034,000 | 9,594,000 | 9,521,000 | 8,854,000 | 6,870,000 | 6,668,000 | 4,342,000 | 4,908,000 | 4,547,000 | 3,626,000 | 4,926,000 | 4,895,000 | 3,788,000 | 3,309,000 |
| total assets | 18,254,000 | 18,488,000 | 18,408,000 | 18,378,000 | 13,555,000 | 13,180,000 | 10,885,000 | 12,210,000 | 10,802,000 | 9,735,000 | 10,787,000 | 10,880,000 | 9,727,000 | 9,460,000 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 3,976,000 | 3,628,000 | 4,150,000 | 4,606,000 | 3,702,000 | 2,797,000 | 2,888,000 | 3,421,000 | 3,271,000 | 2,568,000 | 2,589,000 | 2,101,000 | 1,913,000 | 1,605,000 |
| Group/Directors Accounts | 7,910,000 | 8,397,000 | 8,217,000 | 7,754,000 | 7,655,000 | 7,949,000 | 4,471,000 | 4,071,000 | 3,940,000 | 3,665,000 | 4,180,000 | 3,610,000 | 3,811,000 | 3,851,000 |
| other short term finances | 1,441,000 | 2,046,000 | 1,062,000 | 842,000 | 1,044,000 | 1,753,000 | 1,874,000 | 2,125,000 | ||||||
| hp & lease commitments | 371,000 | 360,000 | 367,000 | 376,000 | 26,000 | 45,000 | 45,000 | 102,000 | 187,000 | 142,000 | 142,000 | |||
| other current liabilities | 1,947,000 | 1,767,000 | 1,115,000 | 817,000 | 598,000 | 904,000 | 1,456,000 | 1,217,000 | 809,000 | 825,000 | 1,084,000 | 839,000 | 556,000 | 498,000 |
| total current liabilities | 14,204,000 | 14,152,000 | 13,849,000 | 13,553,000 | 11,955,000 | 11,650,000 | 10,256,000 | 10,781,000 | 9,127,000 | 7,945,000 | 8,999,000 | 8,490,000 | 8,296,000 | 8,221,000 |
| loans | 204,000 | |||||||||||||
| hp & lease commitments | 1,911,000 | 2,268,000 | 2,499,000 | 2,866,000 | 26,000 | 72,000 | 117,000 | 219,000 | 199,000 | 340,000 | ||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 205,000 | 663,000 | ||||||||||||
| provisions | 285,000 | 291,000 | 272,000 | 226,000 | 122,000 | 133,000 | 146,000 | 170,000 | 171,000 | 157,000 | 183,000 | 170,000 | 192,000 | 209,000 |
| total long term liabilities | 2,196,000 | 2,559,000 | 2,771,000 | 3,092,000 | 122,000 | 133,000 | 146,000 | 170,000 | 197,000 | 229,000 | 300,000 | 593,000 | 596,000 | 1,212,000 |
| total liabilities | 16,400,000 | 16,711,000 | 16,620,000 | 16,645,000 | 12,077,000 | 11,783,000 | 10,402,000 | 10,951,000 | 9,324,000 | 8,174,000 | 9,299,000 | 9,083,000 | 8,892,000 | 9,433,000 |
| net assets | 1,854,000 | 1,777,000 | 1,788,000 | 1,733,000 | 1,478,000 | 1,397,000 | 483,000 | 1,259,000 | 1,478,000 | 1,561,000 | 1,488,000 | 1,797,000 | 835,000 | 27,000 |
| total shareholders funds | 1,854,000 | 1,777,000 | 1,788,000 | 1,733,000 | 1,478,000 | 1,397,000 | 483,000 | 1,259,000 | 1,478,000 | 1,561,000 | 1,488,000 | 1,797,000 | 835,000 | 27,000 |
| Jul 2023 | Jul 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 35,000 | 373,000 | 2,553,000 | 2,073,000 | 1,424,000 | 1,348,000 | 1,863,000 | 1,588,000 | 951,000 | 1,263,000 | 1,472,000 | 1,141,000 | 961,000 | 817,000 |
| Depreciation | 929,000 | 995,000 | 990,000 | 1,028,000 | 696,000 | 713,000 | 635,000 | 567,000 | 544,000 | 495,000 | 436,000 | 374,000 | 326,000 | 304,000 |
| Amortisation | 158,000 | 120,000 | 137,000 | 136,000 | 116,000 | 116,000 | 115,000 | 116,000 | 115,000 | |||||
| Tax | -7,000 | -60,000 | -602,000 | -358,000 | -342,000 | 537,000 | -318,000 | -351,000 | -145,000 | -6,000 | -94,000 | -79,000 | 9,000 | -31,000 |
| Stock | 396,000 | 111,000 | -175,000 | 97,000 | 156,000 | 46,000 | 14,000 | 150,000 | -11,000 | 9,000 | 17,000 | -84,000 | 137,000 | 223,000 |
| Debtors | 249,000 | 59,000 | -428,000 | 999,000 | 325,000 | -322,000 | -509,000 | 578,000 | 642,000 | 507,000 | 241,000 | 354,000 | 135,000 | 1,723,000 |
| Creditors | 348,000 | -522,000 | -456,000 | 904,000 | 905,000 | -91,000 | -533,000 | 150,000 | 703,000 | -21,000 | 488,000 | 188,000 | 308,000 | 1,605,000 |
| Accruals and Deferred Income | 180,000 | 652,000 | 298,000 | 219,000 | -306,000 | -552,000 | 239,000 | 408,000 | -16,000 | -259,000 | 245,000 | 283,000 | 58,000 | 498,000 |
| Deferred Taxes & Provisions | -6,000 | 19,000 | 46,000 | 104,000 | -11,000 | -13,000 | -24,000 | -1,000 | 14,000 | -26,000 | 13,000 | -22,000 | -17,000 | 209,000 |
| Cash flow from operations | 992,000 | 1,407,000 | 3,569,000 | 3,010,000 | 1,885,000 | 2,218,000 | 2,357,000 | 1,633,000 | 1,420,000 | 1,046,000 | 2,418,000 | 1,730,000 | 1,489,000 | 1,571,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -305,000 | -1,796,000 | 225,000 | 2,066,000 | ||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -487,000 | 180,000 | 463,000 | 99,000 | -294,000 | 3,478,000 | 400,000 | 131,000 | 275,000 | -515,000 | 570,000 | -201,000 | -40,000 | 3,851,000 |
| Other Short Term Loans | -1,441,000 | -605,000 | 984,000 | 220,000 | -202,000 | -709,000 | -121,000 | -251,000 | 2,125,000 | |||||
| Long term loans | -204,000 | 204,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -346,000 | -238,000 | -376,000 | 3,242,000 | -26,000 | -45,000 | -46,000 | -102,000 | -187,000 | 65,000 | -141,000 | 482,000 | ||
| other long term liabilities | -205,000 | -458,000 | 663,000 | |||||||||||
| share issue | ||||||||||||||
| interest | 55,000 | 20,000 | 9,000 | -37,000 | -122,000 | -93,000 | -101,000 | -81,000 | -92,000 | -87,000 | -92,000 | -110,000 | -163,000 | -219,000 |
| cash flow from financing | -784,000 | 18,000 | 191,000 | 3,381,000 | -395,000 | 1,966,000 | -1,252,000 | 999,000 | 360,000 | -903,000 | -617,000 | -358,000 | -1,052,000 | 6,362,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -205,000 | -97,000 | 1,270,000 | 888,000 | -279,000 | 2,602,000 | -71,000 | -367,000 | 290,000 | -1,816,000 | -227,000 | 837,000 | 207,000 | 1,363,000 |
| overdraft | ||||||||||||||
| change in cash | -205,000 | -97,000 | 1,270,000 | 888,000 | -279,000 | 2,602,000 | -71,000 | -367,000 | 290,000 | -1,816,000 | -227,000 | 837,000 | 207,000 | 1,363,000 |
nicholas & harris limited Credit Report and Business Information
Nicholas & Harris Limited Competitor Analysis
Perform a competitor analysis for nicholas & harris limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CF14 area or any other competitors across 12 key performance metrics.
nicholas & harris limited Ownership
NICHOLAS & HARRIS LIMITED group structure
Nicholas & Harris Limited has 1 subsidiary company.
Ultimate parent company
FRISBEE BIDCO LTD
#0157495
2 parents
NICHOLAS & HARRIS LIMITED
04636276
1 subsidiary
nicholas & harris limited directors
Nicholas & Harris Limited currently has 3 directors. The longest serving directors include Mr John Duffy (Oct 2009) and Mr Stephen Boyd (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Duffy | United Kingdom | 60 years | Oct 2009 | - | Director |
| Mr Stephen Boyd | United Kingdom | 63 years | Jan 2010 | - | Director |
| Mr Steven Hill | United Kingdom | 42 years | Dec 2023 | - | Director |
P&L
July 2023turnover
37.1m
+4%
operating profit
35k
-91%
gross margin
29.1%
-5.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.9m
+0.04%
total assets
18.3m
-0.01%
cash
4.4m
-0.04%
net assets
Total assets minus all liabilities
nicholas & harris limited company details
company number
04636276
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
January 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
towerville limited (February 2003)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
finsbury food group, maes-y-coed road, cardiff, CF14 4XR
Bank
HSBC BANK PLC
Legal Advisor
-
nicholas & harris 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 12 charges/mortgages relating to nicholas & harris limited. Currently there are 1 open charges and 11 have been satisfied in the past.
nicholas & harris 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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nicholas & harris limited Companies House Filings - See Documents
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