nsl limited
nsl limited Company Information
Company Number
06033060
Next Accounts
Feb 2025
Industry
General public administration activities
Shareholders
nsl finance ltd
Group Structure
View All
Contact
Registered Address
rutland house 8th floor, 148 edmund street, birmingham, B3 2JR
Website
www.nsl.co.uknsl limited Estimated Valuation
Pomanda estimates the enterprise value of NSL LIMITED at £196.3m based on a Turnover of £182.2m and 1.08x industry multiple (adjusted for size and gross margin).
nsl limited Estimated Valuation
Pomanda estimates the enterprise value of NSL LIMITED at £140.2m based on an EBITDA of £18.5m and a 7.58x industry multiple (adjusted for size and gross margin).
nsl limited Estimated Valuation
Pomanda estimates the enterprise value of NSL LIMITED at £161.6m based on Net Assets of £68m and 2.38x industry multiple (adjusted for liquidity).
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Nsl Limited Overview
Nsl Limited is a live company located in birmingham, B3 2JR with a Companies House number of 06033060. It operates in the general public administration activities sector, SIC Code 84110. Founded in December 2006, it's largest shareholder is nsl finance ltd with a 100% stake. Nsl Limited is a established, mega sized company, Pomanda has estimated its turnover at £182.2m with low growth in recent years.
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Nsl Limited Health Check
Pomanda's financial health check has awarded Nsl Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £182.2m, make it larger than the average company (£1.4m)
£182.2m - Nsl Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.4%)
4% - Nsl Limited
3.4% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (28%)
28% - Nsl Limited
28% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (1.9%)
7.4% - Nsl Limited
1.9% - Industry AVG
Employees
with 3343 employees, this is above the industry average (22)
3343 - Nsl Limited
22 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has a lower pay structure (£38.7k)
£30.8k - Nsl Limited
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £54.5k, this is less efficient (£81.1k)
£54.5k - Nsl Limited
£81.1k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is near the average (18 days)
22 days - Nsl Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (27 days)
5 days - Nsl Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nsl Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (66 weeks)
1 weeks - Nsl Limited
66 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.5%, this is a higher level of debt than the average (45.6%)
55.5% - Nsl Limited
45.6% - Industry AVG
NSL LIMITED financials
Nsl Limited's latest turnover from May 2023 is £182.2 million and the company has net assets of £68 million. According to their latest financial statements, Nsl Limited has 3,343 employees and maintains cash reserves of £2.5 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 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 182,212,000 | 164,581,000 | 159,107,000 | 163,285,000 | 163,763,000 | 155,250,000 | 244,585,000 | 189,646,000 | 199,155,000 | 178,697,000 | 152,388,000 | 150,054,000 | 146,464,000 | 149,813,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 0 | 179,822,000 | 159,949,000 | 132,032,000 | 126,369,000 | 127,922,000 | 132,154,000 | |||||||
| Gross Profit | 155,250,000 | 19,333,000 | 18,748,000 | 20,356,000 | 23,685,000 | 18,542,000 | 17,659,000 | |||||||
| Admin Expenses | 143,721,000 | 15,004,000 | 14,280,000 | 13,801,000 | 13,708,000 | 13,270,000 | 13,026,000 | |||||||
| Operating Profit | 13,519,000 | 8,954,000 | 5,785,000 | 10,947,000 | 11,619,000 | 11,529,000 | 1,641,000 | 1,267,000 | 4,329,000 | 4,468,000 | 6,555,000 | 9,977,000 | 5,272,000 | 4,633,000 |
| Interest Payable | 248,000 | 328,000 | 384,000 | 393,000 | 419,000 | 85,000 | 181,000 | 308,000 | 18,000 | 205,000 | 268,000 | 306,000 | 8,457,000 | 7,147,000 |
| Interest Receivable | 0 | 0 | 3,000 | 40,000 | 24,000 | 8,000 | 76,000 | 52,000 | 70,000 | 823,000 | 130,000 | 44,000 | 34,000 | 54,000 |
| Pre-Tax Profit | 13,271,000 | 8,626,000 | 5,404,000 | 10,594,000 | 11,224,000 | 11,452,000 | 1,536,000 | 1,011,000 | 4,649,000 | 5,708,000 | 10,970,000 | 9,746,000 | -3,151,000 | -2,067,000 |
| Tax | 218,000 | 564,000 | 538,000 | 1,066,000 | -120,000 | -2,662,000 | 388,000 | 202,000 | 39,000 | -160,000 | -619,000 | 1,267,000 | 871,000 | 0 |
| Profit After Tax | 13,489,000 | 9,190,000 | 5,942,000 | 11,660,000 | 11,104,000 | 8,790,000 | 1,924,000 | 1,213,000 | 4,688,000 | 5,548,000 | 10,351,000 | 11,013,000 | -2,280,000 | -2,067,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 13,489,000 | 9,190,000 | 5,942,000 | 11,660,000 | 11,104,000 | 8,790,000 | 1,924,000 | 1,213,000 | 4,688,000 | 5,548,000 | 10,351,000 | 11,013,000 | -2,280,000 | -2,067,000 |
| Employee Costs | 103,044,000 | 94,265,000 | 95,623,000 | 96,262,000 | 94,910,000 | 93,574,000 | 155,443,000 | 121,816,000 | 119,446,000 | 110,106,000 | 96,464,000 | 94,970,000 | 96,372,000 | 100,322,000 |
| Number Of Employees | 3,343 | 3,324 | 3,559 | 3,672 | 3,750 | 3,725 | 4,476 | 5,305 | 5,186 | 4,787 | 4,320 | 4,262 | 4,413 | 4,467 |
| EBITDA* | 18,492,000 | 14,056,000 | 11,371,000 | 16,789,000 | 17,558,000 | 17,937,000 | 13,688,000 | 9,486,000 | 12,074,000 | 10,978,000 | 12,481,000 | 16,915,000 | 11,968,000 | 11,815,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,241,000 | 1,929,000 | 2,568,000 | 3,486,000 | 4,652,000 | 4,782,000 | 5,428,000 | 8,118,000 | 10,684,000 | 10,001,000 | 8,059,000 | 6,019,000 | 7,297,000 | 6,855,000 |
| Intangible Assets | 13,223,000 | 16,991,000 | 20,528,000 | 23,964,000 | 26,112,000 | 28,684,000 | 31,955,000 | 37,168,000 | 40,619,000 | 43,924,000 | 47,229,000 | 50,534,000 | 51,992,000 | 54,310,000 |
| Investments & Other | 3,733,000 | 3,733,000 | 3,733,000 | 3,733,000 | 3,733,000 | 3,733,000 | 3,733,000 | 3,733,000 | 725,000 | 725,000 | 103,000 | 0 | 3,733,000 | 3,818,000 |
| Debtors (Due After 1 year) | 1,837,000 | 1,989,000 | 2,633,000 | 2,629,000 | 2,133,000 | 2,087,000 | 2,260,000 | 26,831,000 | 1,755,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,034,000 | 24,642,000 | 29,462,000 | 33,812,000 | 36,630,000 | 39,286,000 | 43,376,000 | 75,850,000 | 53,783,000 | 54,650,000 | 55,391,000 | 56,553,000 | 63,022,000 | 64,983,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,234,000 | 10,735,000 | 11,911,000 | 9,920,000 | 14,976,000 | 13,470,000 | 14,900,000 | 20,361,000 | 19,147,000 | 23,548,000 | 20,012,000 | 18,357,000 | 16,421,000 | 18,908,000 |
| Group Debtors | 103,108,000 | 335,871,000 | 151,575,000 | 69,765,000 | 20,222,000 | 14,406,000 | 8,460,000 | 598,000 | 152,000 | 113,000 | 0 | 862,000 | 663,000 | 1,194,000 |
| Misc Debtors | 15,822,000 | 12,968,000 | 13,171,000 | 9,756,000 | 9,630,000 | 10,260,000 | 7,623,000 | 10,074,000 | 15,388,000 | 12,923,000 | 12,377,000 | 9,154,000 | 9,472,000 | 6,474,000 |
| Cash | 2,488,000 | 1,852,000 | 10,083,000 | 748,000 | 17,153,000 | 12,940,000 | 3,285,000 | 19,093,000 | 16,087,000 | 14,454,000 | 17,549,000 | 15,836,000 | 7,268,000 | 12,261,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 132,652,000 | 361,426,000 | 186,740,000 | 90,189,000 | 61,981,000 | 51,076,000 | 34,268,000 | 50,126,000 | 50,774,000 | 51,038,000 | 49,938,000 | 44,209,000 | 33,824,000 | 38,837,000 |
| total assets | 152,686,000 | 386,068,000 | 216,202,000 | 124,001,000 | 98,611,000 | 90,362,000 | 77,644,000 | 125,976,000 | 104,557,000 | 105,688,000 | 105,329,000 | 100,762,000 | 96,846,000 | 103,820,000 |
| 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 | 2,112,000 | 2,003,000 | 634,000 | 3,170,000 | 3,818,000 | 3,354,000 | 4,082,000 | 1,330,000 | 1,666,000 | 1,555,000 | 1,417,000 | 905,000 | 1,259,000 | 911,000 |
| Group/Directors Accounts | 56,026,000 | 305,355,000 | 134,887,000 | 53,823,000 | 38,883,000 | 21,891,000 | 18,375,000 | 7,106,000 | 0 | 0 | 462,000 | 436,000 | 412,000 | 8,260,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 184,000 | 192,000 | 165,000 | 0 | 0 | 0 | 0 | 30,000 | 43,000 | 41,000 | 40,000 | 36,000 | 5,000 |
| other current liabilities | 24,245,000 | 21,866,000 | 33,632,000 | 26,210,000 | 26,829,000 | 29,623,000 | 27,565,000 | 29,232,000 | 27,644,000 | 26,125,000 | 22,553,000 | 20,301,000 | 19,362,000 | 19,218,000 |
| total current liabilities | 82,383,000 | 329,408,000 | 169,345,000 | 83,368,000 | 69,530,000 | 54,868,000 | 50,022,000 | 37,668,000 | 29,340,000 | 27,723,000 | 24,473,000 | 21,682,000 | 21,069,000 | 28,394,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 18,291,000 | 18,835,000 | 78,775,000 | 64,476,000 | 74,065,000 | 82,286,000 | 90,123,000 | 99,825,000 | 97,248,000 |
| hp & lease commitments | 0 | 0 | 143,000 | 353,000 | 1,477,000 | 694,000 | 0 | 0 | 0 | 30,000 | 73,000 | 114,000 | 154,000 | 12,000 |
| Accruals and Deferred Income | 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 | 0 | 0 | 0 |
| provisions | 2,301,000 | 2,755,000 | 1,367,000 | 995,000 | 1,031,000 | 1,268,000 | 4,237,000 | 7,556,000 | 3,586,000 | 1,403,000 | 1,578,000 | 2,219,000 | 1,291,000 | 1,379,000 |
| total long term liabilities | 2,301,000 | 3,044,000 | 3,593,000 | 5,531,000 | 3,873,000 | 20,253,000 | 23,072,000 | 86,331,000 | 68,062,000 | 75,498,000 | 83,937,000 | 92,456,000 | 101,270,000 | 98,639,000 |
| total liabilities | 84,684,000 | 332,452,000 | 172,938,000 | 88,899,000 | 73,403,000 | 75,121,000 | 73,094,000 | 123,999,000 | 97,402,000 | 103,221,000 | 108,410,000 | 114,138,000 | 122,339,000 | 127,033,000 |
| net assets | 68,002,000 | 53,616,000 | 43,264,000 | 35,102,000 | 25,208,000 | 15,241,000 | 4,550,000 | 1,977,000 | 7,155,000 | 2,467,000 | -3,081,000 | -13,376,000 | -25,493,000 | -23,213,000 |
| total shareholders funds | 68,002,000 | 53,616,000 | 43,264,000 | 35,102,000 | 25,208,000 | 15,241,000 | 4,550,000 | 1,977,000 | 7,155,000 | 2,467,000 | -3,081,000 | -13,376,000 | -25,493,000 | -23,213,000 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 13,519,000 | 8,954,000 | 5,785,000 | 10,947,000 | 11,619,000 | 11,529,000 | 1,641,000 | 1,267,000 | 4,329,000 | 4,468,000 | 6,555,000 | 9,977,000 | 5,272,000 | 4,633,000 |
| Depreciation | 1,180,000 | 1,242,000 | 1,719,000 | 2,112,000 | 2,356,000 | 2,710,000 | 6,021,000 | 5,028,000 | 4,440,000 | 3,205,000 | 2,621,000 | 3,633,000 | 3,516,000 | 3,990,000 |
| Amortisation | 3,793,000 | 3,860,000 | 3,867,000 | 3,730,000 | 3,583,000 | 3,698,000 | 6,026,000 | 3,191,000 | 3,305,000 | 3,305,000 | 3,305,000 | 3,305,000 | 3,180,000 | 3,192,000 |
| Tax | 218,000 | 564,000 | 538,000 | 1,066,000 | -120,000 | -2,662,000 | 388,000 | 202,000 | 39,000 | -160,000 | -619,000 | 1,267,000 | 871,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -229,562,000 | 182,273,000 | 87,220,000 | 45,109,000 | 6,738,000 | 6,980,000 | 33,243,000 | 21,422,000 | -142,000 | 4,195,000 | 4,016,000 | 1,817,000 | -20,000 | 26,576,000 |
| Creditors | 109,000 | 1,369,000 | -2,536,000 | -648,000 | 464,000 | -728,000 | 4,082,000 | -336,000 | 111,000 | 138,000 | 512,000 | -354,000 | 348,000 | 911,000 |
| Accruals and Deferred Income | 2,379,000 | -11,766,000 | 7,422,000 | -619,000 | -2,794,000 | 2,058,000 | 27,565,000 | 1,588,000 | 1,519,000 | 3,572,000 | 2,252,000 | 939,000 | 144,000 | 19,218,000 |
| Deferred Taxes & Provisions | -454,000 | 1,388,000 | 372,000 | -36,000 | -237,000 | -2,969,000 | 4,237,000 | 3,970,000 | 2,183,000 | -175,000 | -641,000 | 928,000 | -88,000 | 1,379,000 |
| Cash flow from operations | 250,306,000 | -176,662,000 | -70,053,000 | -28,557,000 | 8,133,000 | 6,656,000 | 16,717,000 | -6,512,000 | 16,068,000 | 10,158,000 | 9,969,000 | 17,878,000 | 13,263,000 | 6,747,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -5,149,000 | -5,151,000 | -4,789,000 | -1,334,000 | -3,185,000 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3,733,000 | 3,008,000 | 0 | 622,000 | 103,000 | -3,733,000 | -85,000 | 3,818,000 |
| cash flow from investments | -5,149,000 | -5,773,000 | -4,892,000 | 2,399,000 | -3,100,000 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -249,329,000 | 170,468,000 | 81,064,000 | 14,940,000 | 16,992,000 | 3,516,000 | 18,375,000 | 7,106,000 | 0 | -462,000 | 26,000 | 24,000 | -7,848,000 | 8,260,000 |
| 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 | -18,291,000 | -544,000 | 18,835,000 | 14,299,000 | -9,589,000 | -8,221,000 | -7,837,000 | -9,702,000 | 2,577,000 | 97,248,000 |
| Hire Purchase and Lease Commitments | -184,000 | -151,000 | -183,000 | -959,000 | 783,000 | 694,000 | 0 | -30,000 | -43,000 | -41,000 | -40,000 | -36,000 | 173,000 | 17,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -248,000 | -328,000 | -381,000 | -353,000 | -395,000 | -77,000 | -105,000 | -256,000 | 52,000 | 618,000 | -138,000 | -262,000 | -8,423,000 | -7,093,000 |
| cash flow from financing | -248,864,000 | 171,151,000 | 82,720,000 | 11,862,000 | -2,048,000 | 5,490,000 | 39,731,000 | 14,728,000 | -9,580,000 | -8,106,000 | -8,045,000 | -8,872,000 | -13,521,000 | 77,286,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 636,000 | -8,231,000 | 9,335,000 | -16,405,000 | 4,213,000 | 9,655,000 | 3,285,000 | 3,006,000 | 1,633,000 | -3,095,000 | 1,713,000 | 8,568,000 | -4,993,000 | 12,261,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 636,000 | -8,231,000 | 9,335,000 | -16,405,000 | 4,213,000 | 9,655,000 | 3,285,000 | 3,006,000 | 1,633,000 | -3,095,000 | 1,713,000 | 8,568,000 | -4,993,000 | 12,261,000 |
nsl limited Credit Report and Business Information
Nsl Limited Competitor Analysis
Perform a competitor analysis for nsl limited by selecting its closest rivals, whether from the PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY sector, other mega companies, companies in B 3 area or any other competitors across 12 key performance metrics.
nsl limited Ownership
NSL LIMITED group structure
Nsl Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
NSL LIMITED
06033060
2 subsidiaries
nsl limited directors
Nsl Limited currently has 8 directors. The longest serving directors include Mr Martin Johnson (Aug 2023) and Mr Keith Hanshaw (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Johnson | United Kingdom | 51 years | Aug 2023 | - | Director |
| Mr Keith Hanshaw | England | 56 years | Sep 2023 | - | Director |
| Mr Edward Birtwistle | United Kingdom | 38 years | Jul 2024 | - | Director |
| Mr Craig Wilcockson | United Kingdom | 46 years | Jul 2024 | - | Director |
| Mr Marcus Lambert | United Kingdom | 52 years | Jul 2024 | - | Director |
| Sam Del Mar | England | 51 years | Jul 2024 | - | Director |
| Mr David Sinclair | United Kingdom | 46 years | Jul 2024 | - | Director |
| Mr James Thompson | United Kingdom | 57 years | Jul 2024 | - | Director |
P&L
May 2023turnover
182.2m
+11%
operating profit
13.5m
+51%
gross margin
28.1%
+13.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
68m
+0.27%
total assets
152.7m
-0.6%
cash
2.5m
+0.34%
net assets
Total assets minus all liabilities
nsl limited company details
company number
06033060
Type
Private limited with Share Capital
industry
84110 - General public administration activities
incorporation date
December 2006
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
ncp services limited (April 2009)
de facto 1461 limited (February 2007)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
rutland house 8th floor, 148 edmund street, birmingham, B3 2JR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
SQUIRE PATTON BOGGS (UK) LLP
nsl 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 15 charges/mortgages relating to nsl limited. Currently there are 11 open charges and 4 have been satisfied in the past.
nsl limited Companies House Filings - See Documents
| date | description | view/download |
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