nex services limited
nex services limited Company Information
Company Number
09936051
Next Accounts
114 days late
Industry
Activities of head offices
Shareholders
cme operations limited
Group Structure
View All
Contact
Registered Address
30 finsbury square, london, EC2A 1AG
Website
http://icapinfo.comnex services limited Estimated Valuation
Pomanda estimates the enterprise value of NEX SERVICES LIMITED at £8.1m based on a Turnover of £12.4m and 0.65x industry multiple (adjusted for size and gross margin).
nex services limited Estimated Valuation
Pomanda estimates the enterprise value of NEX SERVICES LIMITED at £35.1m based on an EBITDA of £7.2m and a 4.85x industry multiple (adjusted for size and gross margin).
nex services limited Estimated Valuation
Pomanda estimates the enterprise value of NEX SERVICES LIMITED at £7.7m based on Net Assets of £3.6m and 2.13x industry multiple (adjusted for liquidity).
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Nex Services Limited Overview
Nex Services Limited is a live company located in london, EC2A 1AG with a Companies House number of 09936051. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2016, it's largest shareholder is cme operations limited with a 100% stake. Nex Services Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.4m with declining growth in recent years.
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Nex Services Limited Health Check
Pomanda's financial health check has awarded Nex Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £12.4m, make it smaller than the average company (£18.7m)
£12.4m - Nex Services Limited
£18.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -51%, show it is growing at a slower rate (3.4%)
-51% - Nex Services Limited
3.4% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
33.4% - Nex Services Limited
33.4% - Industry AVG
Profitability
an operating margin of 36.4% make it more profitable than the average company (6.2%)
36.4% - Nex Services Limited
6.2% - Industry AVG
Employees
with 26 employees, this is below the industry average (109)
26 - Nex Services Limited
109 - Industry AVG
Pay Structure
on an average salary of £115k, the company has a higher pay structure (£47k)
£115k - Nex Services Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £475.9k, this is more efficient (£196k)
£475.9k - Nex Services Limited
£196k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Nex Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Nex Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nex Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (16 weeks)
39 weeks - Nex Services Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.9%, this is a higher level of debt than the average (57%)
88.9% - Nex Services Limited
57% - Industry AVG
NEX SERVICES LIMITED financials
Nex Services Limited's latest turnover from December 2022 is £12.4 million and the company has net assets of £3.6 million. According to their latest financial statements, Nex Services Limited has 26 employees and maintains cash reserves of £21.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 12,373,963 | 58,885,609 | 89,413,997 | 107,179,000 | 296,459,000 | 154,276,000 | 104,736,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 4,502,234 | 9,748,724 | 6,634,895 | -1,793,000 | -38,759,000 | -4,335,000 | -34,584,000 |
| Interest Payable | 897,415 | 3,813,019 | 3,875,210 | 3,203,000 | 4,000 | 29,000 | 5,000 |
| Interest Receivable | 0 | 15,954 | 0 | 0 | 0 | 1,000 | 20,000 |
| Pre-Tax Profit | 3,604,818 | 5,951,659 | 2,759,686 | -4,996,000 | -38,763,000 | 4,558,000 | -35,078,000 |
| Tax | -1,117,581 | -1,198,149 | 240,932 | 1,335,000 | 4,452,000 | -3,014,000 | 9,543,000 |
| Profit After Tax | 2,487,237 | 4,753,510 | 3,000,618 | -3,661,000 | -34,311,000 | 1,544,000 | -25,535,000 |
| Dividends Paid | 51,850,670 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -49,363,433 | 4,753,510 | 3,000,618 | -3,661,000 | -34,311,000 | 1,544,000 | -25,535,000 |
| Employee Costs | 2,989,789 | 16,198,947 | 23,382,755 | 36,742,000 | 78,154,000 | 55,486,000 | 31,377,000 |
| Number Of Employees | 26 | 117 | 150 | 210 | 276 | 466 | 293 |
| EBITDA* | 7,226,387 | 25,447,511 | 28,556,173 | 30,659,000 | 11,644,000 | 10,405,000 | -24,619,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 101,423,899 | 121,337,922 | 147,344,000 | 43,830,000 | 5,822,000 | 3,437,000 |
| Intangible Assets | 0 | 10,494,576 | 16,829,053 | 59,272,000 | 69,094,000 | 67,869,000 | 48,848,000 |
| Investments & Other | 478,622 | 1,801,213 | 6,142,441 | 12,064,000 | 19,174,000 | 10,601,000 | 2,001,000 |
| Debtors (Due After 1 year) | 0 | 452,297 | 338,893 | 9,000 | 0 | 0 | 6,162,000 |
| Total Fixed Assets | 478,622 | 114,171,985 | 144,648,310 | 218,689,000 | 132,098,000 | 84,292,000 | 60,448,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 2,343,650 | 2,319,301 | 0 | 1,168,000 | 1,187,000 | 539,000 |
| Group Debtors | 9,834,875 | 75,608,647 | 134,941,311 | 198,080,000 | 163,261,000 | 76,818,000 | 70,794,000 |
| Misc Debtors | 74,984 | 33,001,754 | 15,259,023 | 9,729,000 | 18,377,000 | 14,366,000 | 13,265,000 |
| Cash | 21,890,555 | 3,802,648 | 2,323,714 | 25,290,000 | 5,623,000 | 1,183,000 | 3,881,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 1,175,000 | 3,899,000 |
| total current assets | 31,800,415 | 114,756,701 | 154,843,350 | 233,099,000 | 188,429,000 | 94,729,000 | 92,378,000 |
| total assets | 32,279,036 | 228,928,685 | 299,491,660 | 451,788,000 | 320,527,000 | 179,021,000 | 152,826,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 442,725 | 467,743 | 1,307,000 | 5,227,000 | 6,657,000 | 5,392,000 |
| Group/Directors Accounts | 26,483,727 | 57,807,116 | 113,771,071 | 242,905,000 | 188,035,000 | 145,461,000 | 127,590,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 6,104,818 | 194,157 | 206,000 | 0 | 0 | 0 |
| other current liabilities | 2,200,063 | 9,756,700 | 12,370,488 | 25,166,000 | 67,644,000 | 36,391,000 | 39,876,000 |
| total current liabilities | 28,683,791 | 74,111,359 | 126,803,460 | 269,584,000 | 260,906,000 | 188,509,000 | 172,858,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 125,084,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 100,211,391 | 118,095,490 | 0 | 0 | 241,000 | 241,000 |
| provisions | 0 | 1,928,844 | 2,283,999 | 2,665,000 | 2,954,000 | 2,176,000 | 2,654,000 |
| total long term liabilities | 0 | 102,140,236 | 120,379,490 | 127,749,000 | 2,954,000 | 2,417,000 | 2,895,000 |
| total liabilities | 28,683,791 | 176,251,595 | 247,182,949 | 397,333,000 | 263,860,000 | 190,926,000 | 175,753,000 |
| net assets | 3,595,246 | 52,677,090 | 52,308,711 | 54,455,000 | 56,667,000 | -11,905,000 | -22,927,000 |
| total shareholders funds | 3,595,246 | 52,677,090 | 52,308,711 | 54,455,000 | 56,667,000 | -11,905,000 | -22,927,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 4,502,234 | 9,748,724 | 6,634,895 | -1,793,000 | -38,759,000 | -4,335,000 | -34,584,000 |
| Depreciation | 1,809,190 | 8,773,931 | 10,579,825 | 9,723,000 | 3,003,000 | 1,555,000 | 1,696,000 |
| Amortisation | 914,964 | 6,924,856 | 11,341,452 | 22,729,000 | 47,400,000 | 13,185,000 | 8,269,000 |
| Tax | -1,117,581 | -1,198,149 | 240,932 | 1,335,000 | 4,452,000 | -3,014,000 | 9,543,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -101,496,490 | -41,452,180 | -54,959,471 | 115,447,000 | 90,435,000 | 1,611,000 | 90,760,000 |
| Creditors | -442,725 | -25,018 | -839,257 | -5,350,000 | -1,430,000 | 1,265,000 | 5,392,000 |
| Accruals and Deferred Income | -7,556,637 | -2,613,788 | -12,795,512 | -11,225,000 | 31,253,000 | -3,485,000 | 39,876,000 |
| Deferred Taxes & Provisions | -1,928,844 | -355,155 | -381,001 | 489,000 | 778,000 | -478,000 | 2,654,000 |
| Cash flow from operations | 97,677,091 | 62,707,581 | 69,740,805 | -99,539,000 | -43,738,000 | 3,082,000 | -57,914,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -1,322,591 | -4,341,228 | -5,921,559 | 1,463,000 | 8,573,000 | 8,600,000 | 2,001,000 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -31,323,389 | -55,963,955 | -129,133,929 | 97,444,000 | 42,574,000 | 17,871,000 | 127,590,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -6,104,818 | 5,910,661 | -125,095,843 | 125,290,000 | 0 | 0 | 0 |
| other long term liabilities | -100,211,391 | -17,884,099 | 118,095,490 | -241,000 | -241,000 | 0 | 241,000 |
| share issue | |||||||
| interest | -897,415 | -3,797,065 | -3,875,210 | -3,203,000 | -4,000 | -28,000 | 15,000 |
| cash flow from financing | -138,255,424 | -76,119,589 | -145,156,399 | 289,311,000 | 145,212,000 | 27,321,000 | 130,454,000 |
| cash and cash equivalents | |||||||
| cash | 18,087,907 | 1,478,935 | -22,966,286 | 24,107,000 | 4,440,000 | -2,698,000 | 3,881,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 18,087,907 | 1,478,935 | -22,966,286 | 24,107,000 | 4,440,000 | -2,698,000 | 3,881,000 |
nex services limited Credit Report and Business Information
Nex Services Limited Competitor Analysis
Perform a competitor analysis for nex services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EC2A area or any other competitors across 12 key performance metrics.
nex services limited Ownership
NEX SERVICES LIMITED group structure
Nex Services Limited has no subsidiary companies.
Ultimate parent company
CME GROUP INC
#0060383
2 parents
NEX SERVICES LIMITED
09936051
nex services limited directors
Nex Services Limited currently has 3 directors. The longest serving directors include Ms Adrienne Seaman (Dec 2019) and Mr Richard Bodnum (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Adrienne Seaman | England | 54 years | Dec 2019 | - | Director |
| Mr Richard Bodnum | Northern Ireland | 57 years | Dec 2019 | - | Director |
| Mr William Knottenbelt | United Kingdom | 64 years | Dec 2019 | - | Director |
P&L
December 2022turnover
12.4m
-79%
operating profit
4.5m
-54%
gross margin
33.4%
+2.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
-0.93%
total assets
32.3m
-0.86%
cash
21.9m
+4.76%
net assets
Total assets minus all liabilities
nex services limited company details
company number
09936051
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
intercapital management services no. 2 limited (March 2017)
accountant
-
auditor
ERNST & YOUNG LLP
address
30 finsbury square, london, EC2A 1AG
Bank
-
Legal Advisor
-
nex services 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 did not find charges/mortgages relating to nex services limited.
nex services limited Capital Raised & Share Issues BETA
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nex services limited Companies House Filings - See Documents
| date | description | view/download |
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