the nero group ltd
the nero group ltd Company Information
Company Number
06002065
Next Accounts
Feb 2025
Industry
Activities of head offices
Shareholders
rome intermediate holdings sarl
rome intermediate co ltd
Group Structure
View All
Contact
Registered Address
9-15 neal street, london, WC2H 9QL
Website
https://caffenero.comthe nero group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE NERO GROUP LTD at £468.4m based on a Turnover of £450.5m and 1.04x industry multiple (adjusted for size and gross margin).
the nero group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE NERO GROUP LTD at £525.4m based on an EBITDA of £68.1m and a 7.72x industry multiple (adjusted for size and gross margin).
the nero group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE NERO GROUP LTD at £0 based on Net Assets of £-162.4m and 2.13x industry multiple (adjusted for liquidity).
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The Nero Group Ltd Overview
The Nero Group Ltd is a live company located in london, WC2H 9QL with a Companies House number of 06002065. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2006, it's largest shareholder is rome intermediate holdings sarl with a 98% stake. The Nero Group Ltd is a established, mega sized company, Pomanda has estimated its turnover at £450.5m with healthy growth in recent years.
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The Nero Group Ltd Health Check
Pomanda's financial health check has awarded The Nero Group Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £450.5m, make it larger than the average company (£19.5m)
£450.5m - The Nero Group Ltd
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.1%)
12% - The Nero Group Ltd
5.1% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (33.4%)
28.3% - The Nero Group Ltd
33.4% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (5.9%)
8.4% - The Nero Group Ltd
5.9% - Industry AVG
Employees
with 6864 employees, this is above the industry average (110)
6864 - The Nero Group Ltd
110 - Industry AVG
Pay Structure
on an average salary of £17.4k, the company has a lower pay structure (£47.4k)
£17.4k - The Nero Group Ltd
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £65.6k, this is less efficient (£196k)
£65.6k - The Nero Group Ltd
£196k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (46 days)
6 days - The Nero Group Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (44 days)
38 days - The Nero Group Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (49 days)
7 days - The Nero Group Ltd
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (16 weeks)
6 weeks - The Nero Group Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.4%, this is a higher level of debt than the average (56.3%)
133.4% - The Nero Group Ltd
56.3% - Industry AVG
THE NERO GROUP LTD financials
The Nero Group Ltd's latest turnover from May 2023 is £450.5 million and the company has net assets of -£162.4 million. According to their latest financial statements, The Nero Group Ltd has 6,864 employees and maintains cash reserves of £13.1 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 | 450,465,000 | 349,670,000 | 206,478,000 | 324,480,000 | 366,052,000 | 334,402,000 | 0 | 0 | 0 | 0 | 0 | 40,420,000 | 37,352,000 | 31,038,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 322,796,000 | 229,603,000 | 133,621,000 | 259,051,000 | 287,972,000 | 259,163,000 | 0 | 0 | 0 | 0 | 0 | 35,101,000 | 32,546,000 | 27,045,000 |
| Gross Profit | 127,669,000 | 120,067,000 | 72,857,000 | 65,429,000 | 78,080,000 | 75,239,000 | 0 | 0 | 0 | 0 | 0 | 5,319,000 | 4,806,000 | 3,993,000 |
| Admin Expenses | 90,025,000 | 90,568,000 | 59,585,000 | 102,504,000 | 67,361,000 | 62,160,000 | 0 | 0 | 0 | 0 | 0 | |||
| Operating Profit | 37,644,000 | 29,499,000 | 13,272,000 | -37,075,000 | 10,719,000 | 13,079,000 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Payable | 44,699,000 | 34,993,000 | 38,602,000 | 46,238,000 | 26,539,000 | 25,347,000 | 11,080,000 | 12,653,000 | 11,650,000 | 11,490,000 | 10,901,000 | 0 | 0 | 0 |
| Interest Receivable | 10,666,000 | 1,293,000 | 1,200,000 | 251,000 | 12,000 | 1,335,000 | 15,896,000 | 14,719,000 | 13,554,000 | 13,301,000 | 12,517,000 | 0 | 0 | 0 |
| Pre-Tax Profit | 7,381,000 | -7,866,000 | -16,679,000 | -81,797,000 | -30,245,000 | -8,475,000 | 4,816,000 | 2,066,000 | 1,904,000 | 1,811,000 | 1,616,000 | 5,319,000 | 4,806,000 | 3,993,000 |
| Tax | 4,843,000 | -9,149,000 | 10,936,000 | 986,000 | -455,000 | -117,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 12,224,000 | -17,015,000 | -5,743,000 | -80,811,000 | -30,700,000 | -8,592,000 | 4,816,000 | 2,066,000 | 1,904,000 | 1,811,000 | 1,616,000 | 5,319,000 | 4,806,000 | 3,993,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 13,337,000 | -19,020,000 | -6,521,000 | -80,968,000 | -30,700,000 | -8,592,000 | 4,816,000 | 2,066,000 | 1,904,000 | 1,811,000 | 1,616,000 | 5,319,000 | 4,806,000 | 3,993,000 |
| Employee Costs | 119,688,000 | 100,160,000 | 70,195,000 | 109,593,000 | 109,593,000 | 98,526,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 6,864 | 5,763 | 5,549 | 6,220 | 6,220 | 6,003 | ||||||||
| EBITDA* | 68,095,000 | 53,289,000 | 35,010,000 | -7,913,000 | 38,810,000 | 39,125,000 | 0 | 0 | 0 | 0 | 0 |
* 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 | 223,382,000 | 176,531,000 | 167,985,000 | 260,479,000 | 119,957,000 | 99,472,000 | 318,387,000 | 302,491,000 | 287,772,000 | 274,218,000 | 275,917,000 | 263,400,000 | 222,981,000 | 185,629,000 |
| Intangible Assets | 217,345,000 | 193,906,000 | 202,496,000 | 206,148,000 | 209,285,000 | 186,085,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 252,000 | 1,914,000 | 1,995,000 | 5,015,000 | 6,030,000 | 6,653,000 | 112,624,000 | 112,624,000 | 112,624,000 | 112,624,000 | 112,624,000 | 112,624,000 | 100,474,000 | 100,474,000 |
| Debtors (Due After 1 year) | 4,235,000 | 1,065,000 | 12,817,000 | 4,403,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 439,599,000 | 369,403,000 | 361,915,000 | 466,627,000 | 329,242,000 | 285,557,000 | 318,387,000 | 302,491,000 | 287,772,000 | 274,218,000 | 275,917,000 | 263,400,000 | 222,981,000 | 185,629,000 |
| Stock & work in progress | 6,627,000 | 5,482,000 | 4,552,000 | 5,673,000 | 4,694,000 | 4,204,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,535,000 | 6,525,000 | 3,053,000 | 4,139,000 | 8,581,000 | 10,606,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 939,000 | 539,000 | 1,870,000 | 1,895,000 | 2,974,000 | 2,935,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,806,000 | 7,500,000 | 4,428,000 | 9,275,000 | 14,979,000 | 14,491,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 13,068,000 | 20,992,000 | 40,031,000 | 20,051,000 | 13,683,000 | 11,596,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 10,882,000 | 2,476,000 | 750,000 | 184,000 | 143,000 | 168,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 45,857,000 | 43,514,000 | 55,799,000 | 41,217,000 | 45,054,000 | 44,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 485,456,000 | 412,917,000 | 417,714,000 | 507,844,000 | 374,296,000 | 329,557,000 | 318,387,000 | 302,491,000 | 287,772,000 | 274,218,000 | 275,917,000 | 263,400,000 | 222,981,000 | 185,629,000 |
| 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 | 34,259,000 | 14,067,000 | 14,876,000 | 23,750,000 | 30,849,000 | 35,664,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 565,000 | 531,000 | 496,000 | 1,765,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 43,000 | 1,182,000 | 4,653,000 | 9,687,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 35,261,000 | 20,989,000 | 19,141,000 | 69,207,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 36,514,000 | 55,778,000 | 56,129,000 | 61,269,000 | 44,673,000 | 28,211,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 106,599,000 | 91,365,000 | 90,685,000 | 157,173,000 | 80,175,000 | 73,562,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 660,950,000 | 602,434,000 | 952,362,000 | 973,308,000 | 700,438,000 | 642,978,000 | 0 | 326,006,000 | 300,700,000 | 277,400,000 | 284,420,000 | 262,618,000 | 385,058,000 | 319,966,000 |
| hp & lease commitments | 133,410,000 | 122,691,000 | 88,061,000 | 117,830,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 4,722,000 | 4,244,000 | 3,815,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 10,689,000 | 0 | 4,309,000 | 14,290,000 | 14,512,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 8,432,000 | 8,016,000 | 9,852,000 | 12,546,000 | 10,446,000 | 1,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 541,136,000 | 483,751,000 | 490,138,000 | 511,461,000 | 373,769,000 | 322,139,000 | 0 | 163,003,000 | 150,350,000 | 138,700,000 | 142,210,000 | 131,309,000 | 192,529,000 | 159,983,000 |
| total liabilities | 647,735,000 | 575,116,000 | 580,823,000 | 668,634,000 | 453,944,000 | 395,701,000 | 0 | 163,003,000 | 150,350,000 | 138,700,000 | 142,210,000 | 131,309,000 | 192,529,000 | 159,983,000 |
| net assets | -162,446,000 | -171,806,000 | -171,534,000 | -168,437,000 | -79,648,000 | -66,144,000 | 318,387,000 | 139,488,000 | 137,422,000 | 135,518,000 | 133,707,000 | 132,091,000 | 30,452,000 | 25,646,000 |
| total shareholders funds | -162,446,000 | -171,806,000 | -171,534,000 | -168,437,000 | -79,648,000 | -66,144,000 | 318,387,000 | 139,488,000 | 137,422,000 | 135,518,000 | 133,707,000 | 132,091,000 | 30,452,000 | 25,646,000 |
| 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 | 37,644,000 | 29,499,000 | 13,272,000 | -37,075,000 | 10,719,000 | 13,079,000 | 0 | 0 | 0 | 0 | 0 | |||
| Depreciation | 18,132,000 | 15,219,000 | 18,058,000 | 25,056,000 | 24,451,000 | 21,881,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 12,319,000 | 8,571,000 | 3,680,000 | 4,106,000 | 3,640,000 | 4,165,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 4,843,000 | -9,149,000 | 10,936,000 | 986,000 | -455,000 | -117,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 1,145,000 | 930,000 | -1,121,000 | 979,000 | 490,000 | 4,204,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,886,000 | -6,539,000 | 2,456,000 | -6,822,000 | -1,498,000 | 28,032,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 20,192,000 | -809,000 | -8,874,000 | -7,099,000 | -4,815,000 | 35,664,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -19,264,000 | -5,073,000 | -4,662,000 | 17,025,000 | 20,277,000 | 28,211,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 416,000 | -1,836,000 | -2,694,000 | 2,100,000 | 9,146,000 | 1,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 69,251,000 | 42,031,000 | 28,381,000 | 10,942,000 | 63,971,000 | 71,947,000 | 0 | 0 | 0 | 0 | 0 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1,662,000 | -81,000 | -3,020,000 | -1,015,000 | -623,000 | -105,971,000 | 0 | 0 | 0 | 0 | 0 | 12,150,000 | 0 | 100,474,000 |
| 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 | 34,000 | 35,000 | -1,269,000 | 1,765,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -43,000 | -1,139,000 | -3,471,000 | -5,034,000 | 9,687,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 58,516,000 | -349,928,000 | -20,946,000 | 272,870,000 | 57,460,000 | 642,978,000 | -326,006,000 | 25,306,000 | 23,300,000 | -7,020,000 | 21,802,000 | -122,440,000 | 65,092,000 | 319,966,000 |
| Hire Purchase and Lease Commitments | 24,991,000 | 36,478,000 | -79,835,000 | 187,037,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 10,689,000 | -4,309,000 | -9,981,000 | -222,000 | 14,512,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -34,033,000 | -33,700,000 | -37,402,000 | -45,987,000 | -26,527,000 | -24,012,000 | 4,816,000 | 2,066,000 | 1,904,000 | 1,811,000 | 1,616,000 | 0 | 0 | 0 |
| cash flow from financing | 56,220,000 | -332,719,000 | -147,148,000 | 404,171,000 | 57,607,000 | 252,714,000 | -147,107,000 | 27,372,000 | 25,204,000 | -5,209,000 | 23,418,000 | -26,120,000 | 65,092,000 | 341,619,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -7,924,000 | -19,039,000 | 19,980,000 | 6,368,000 | 2,087,000 | 11,596,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,924,000 | -19,039,000 | 19,980,000 | 6,368,000 | 2,087,000 | 11,596,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
the nero group ltd Credit Report and Business Information
The Nero Group Ltd Competitor Analysis
Perform a competitor analysis for the nero group ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in WC2H area or any other competitors across 12 key performance metrics.
the nero group ltd Ownership
THE NERO GROUP LTD group structure
The Nero Group Ltd has 1 subsidiary company.
Ultimate parent company
NERO CO
#0117832
ROME INTERMEDIATE HOLDINGS SARL
#0062955
2 parents
THE NERO GROUP LTD
06002065
1 subsidiary
the nero group ltd directors
The Nero Group Ltd currently has 2 directors. The longest serving directors include Mr Benedict Price (Nov 2006) and Dr Gerald Ford (Nov 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benedict Price | England | 57 years | Nov 2006 | - | Director |
| Dr Gerald Ford | United Kingdom | 67 years | Nov 2006 | - | Director |
P&L
May 2023turnover
450.5m
+29%
operating profit
37.6m
+28%
gross margin
28.4%
-17.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-162.4m
-0.05%
total assets
485.5m
+0.18%
cash
13.1m
-0.38%
net assets
Total assets minus all liabilities
the nero group ltd company details
company number
06002065
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 2006
age
19
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
rome topco limited (September 2019)
rome topco unlimited (December 2018)
accountant
-
auditor
ERNST & YOUNG LLP
address
9-15 neal street, london, WC2H 9QL
Bank
SANTANDER UK PLC
Legal Advisor
LINKLATERS
the nero group ltd 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 1 charges/mortgages relating to the nero group ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
the nero group ltd 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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the nero group ltd Companies House Filings - See Documents
| date | description | view/download |
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