Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
555-557 cranbrook road, gants hill, ilford, essex, IG2 6HE
Website
-
nichols developments ltdEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of NICHOLS DEVELOPMENTS LTD at £1.8m based on a Turnover of £4.5m and 0.4x industry multiple (adjusted for size and gross margin).
nichols developments ltdEstimated Valuation
£227.9k
Pomanda estimates the enterprise value of NICHOLS DEVELOPMENTS LTD at £227.9k based on an EBITDA of £58.8k and a 3.88x industry multiple (adjusted for size and gross margin).
nichols developments ltdEstimated Valuation
£3.3m
Pomanda estimates the enterprise value of NICHOLS DEVELOPMENTS LTD at £3.3m based on Net Assets of £1.7m and 1.94x industry multiple (adjusted for liquidity).
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Nichols Developments LtdOverview
Nichols Developments Ltd is a live company located in ilford, IG2 6HE with a Companies House number of 09620259. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in June 2015, it's largest shareholder is
nichols development holdings ltd
with a 100% stake. Nichols Developments Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£4.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Nichols Developments Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £4.5m, make it smaller than the average company (£7.9m)
£4.5m - Nichols Developments Ltd
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (11.8%)
-8% - Nichols Developments Ltd
11.8% - Industry AVG
Production
with a gross margin of 24.9%, this company has a comparable cost of product (24.9%)
24.9% - Nichols Developments Ltd
24.9% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (6.3%)
1.3% - Nichols Developments Ltd
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (33)
1 - Nichols Developments Ltd
33 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has an equivalent pay structure (£50.5k)
£50.5k - Nichols Developments Ltd
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £4.5m, this is more efficient (£202.3k)
£4.5m - Nichols Developments Ltd
£202.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Nichols Developments Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (36 days)
2 days - Nichols Developments Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 137 days, this is more than average (12 days)
137 days - Nichols Developments Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 80 weeks, this is more cash available to meet short term requirements (20 weeks)
80 weeks - Nichols Developments Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.2%, this is a lower level of debt than the average (59.6%)
49.2% - Nichols Developments Ltd
59.6% - Industry AVG
NICHOLS DEVELOPMENTS LTD financials
EXPORT
Nichols Developments Ltd's latest turnover from June 2024 is estimated at £4.5 million and the company has net assets of £1.7 million. According to their latest financial statements, Nichols Developments Ltd has 1 employee and maintains cash reserves of £1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Turnover
4,477,878
2,179,354
4,157,826
5,714,522
24,886,351
12,877,144
8,432,221
5,554,625
11,720,945
Other Income Or Grants
Cost Of Sales
3,364,097
1,635,593
3,131,773
4,399,277
18,813,127
9,639,352
6,288,599
4,106,628
8,660,368
Gross Profit
1,113,781
543,761
1,026,053
1,315,245
6,073,224
3,237,791
2,143,622
1,447,997
3,060,578
Admin Expenses
1,055,141
468,925
1,112,955
-1,454,825
6,356,581
3,299,851
2,197,425
1,521,527
3,085,774
Operating Profit
58,640
74,836
-86,902
2,770,070
-283,357
-62,060
-53,803
-73,530
-25,196
Interest Payable
112,500
55,000
Interest Receivable
53,003
41,922
10,524
501
8
17
Pre-Tax Profit
-857
61,757
-76,378
2,770,572
-283,357
-62,060
-53,803
-73,522
-25,179
Tax
-15,439
-526,409
Profit After Tax
-857
46,318
-76,378
2,244,163
-283,357
-62,060
-53,803
-73,522
-25,179
Dividends Paid
Retained Profit
-857
46,318
-76,378
2,244,163
-283,357
-62,060
-53,803
-73,522
-25,179
Employee Costs
50,517
46,597
43,646
1,600,524
6,710,107
84,732
41,922
80,494
2,733,110
Number Of Employees
1
1
1
38
158
2
1
2
69
EBITDA*
58,787
75,083
-86,774
2,770,170
-283,357
-62,060
-53,803
-73,530
-25,196
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Tangible Assets
522
669
916
399
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
522
669
916
399
Stock & work in progress
1,271,465
1,271,465
1,271,249
1,091,911
1,060,048
Trade Debtors
4,193
3,425,259
2,524,103
1,653,930
1,114,432
Group Debtors
Misc Debtors
1,071,248
697,501
323,323
333,504
Cash
1,023,647
995,511
681,356
1,002,508
6,651
misc current assets
9,485
total current assets
3,375,845
2,968,670
2,275,928
2,427,923
3,425,259
2,524,103
1,653,930
1,114,432
1,066,699
total assets
3,376,367
2,969,339
2,276,844
2,428,322
3,425,259
2,524,103
1,653,930
1,114,432
1,066,699
Bank overdraft
Bank loan
Trade Creditors
20,676
6,178
4,628
38,526
3,923,180
2,738,667
1,806,434
1,213,133
1,091,869
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
640,357
246,970
602,343
643,545
total current liabilities
661,033
253,148
606,971
682,071
3,923,180
2,738,667
1,806,434
1,213,133
1,091,869
loans
1,000,000
1,000,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
1,000,000
1,000,000
total liabilities
1,661,033
1,253,148
606,971
682,071
3,923,180
2,738,667
1,806,434
1,213,133
1,091,869
net assets
1,715,334
1,716,191
1,669,873
1,746,251
-497,921
-214,564
-152,504
-98,701
-25,170
total shareholders funds
1,715,334
1,716,191
1,669,873
1,746,251
-497,921
-214,564
-152,504
-98,701
-25,170
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Operating Activities
Operating Profit
58,640
74,836
-86,902
2,770,070
-283,357
-62,060
-53,803
-73,530
-25,196
Depreciation
147
247
128
100
Amortisation
Tax
-15,439
-526,409
Stock
216
179,338
1,091,911
-1,060,048
1,060,048
Debtors
369,554
378,371
-10,181
-3,091,755
901,156
870,173
539,498
1,114,432
Creditors
14,498
1,550
-33,898
-3,884,654
1,184,513
932,233
593,301
121,264
1,091,869
Accruals and Deferred Income
393,387
-355,373
-41,202
643,545
Deferred Taxes & Provisions
Cash flow from operations
97,118
-672,766
-331,031
1,002,496
-6,650
6,625
Investing Activities
capital expenditure
-645
-499
Change in Investments
cash flow from investments
-645
-499
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
1,000,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
9
-9
9
interest
-59,497
-13,078
10,524
501
8
17
cash flow from financing
-59,497
986,922
10,524
510
-1
26
cash and cash equivalents
cash
28,136
314,155
-321,152
1,002,508
-6,651
6,651
overdraft
change in cash
28,136
314,155
-321,152
1,002,508
-6,651
6,651
nichols developments ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for nichols developments ltd. Get real-time insights into nichols developments ltd's credit score, group structure and payment trends.
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nichols developments ltd Ownership
NICHOLS DEVELOPMENTS LTD group structure
Nichols Developments Ltd has no subsidiary companies.
555-557 cranbrook road, gants hill, ilford, essex, IG2 6HE
Bank
-
Legal Advisor
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nichols developments 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 5 charges/mortgages relating to nichols developments ltd. Currently there are 1 open charges and 4 have been satisfied in the past.
nichols developments 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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nichols developments ltdCompanies House Filings - See Documents
