nerico limited
nerico limited Company Information
Company Number
11745943
Next Accounts
Mar 2025
Industry
Development of building projects
Shareholders
granville investments limited
Group Structure
View All
Contact
Registered Address
building 1, north london business park, london, N11 1GN
Website
nericobrothers.comnerico limited Estimated Valuation
Pomanda estimates the enterprise value of NERICO LIMITED at £1m based on a Turnover of £2m and 0.53x industry multiple (adjusted for size and gross margin).
nerico limited Estimated Valuation
Pomanda estimates the enterprise value of NERICO LIMITED at £0 based on an EBITDA of £-77.7k and a 3.81x industry multiple (adjusted for size and gross margin).
nerico limited Estimated Valuation
Pomanda estimates the enterprise value of NERICO LIMITED at £0 based on Net Assets of £-170.5k and 1.38x industry multiple (adjusted for liquidity).
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Nerico Limited Overview
Nerico Limited is a live company located in london, N11 1GN with a Companies House number of 11745943. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2019, it's largest shareholder is granville investments limited with a 100% stake. Nerico Limited is a young, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.
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Nerico Limited Health Check
Pomanda's financial health check has awarded Nerico Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £2m, make it in line with the average company (£2.2m)
- Nerico Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.1%)
- Nerico Limited
3.1% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Nerico Limited
26.2% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (7.2%)
- Nerico Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Nerico Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Nerico Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £989.9k, this is more efficient (£282.5k)
- Nerico Limited
£282.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Nerico Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Nerico Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 751 days, this is more than average (173 days)
- Nerico Limited
173 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 164 weeks, this is more cash available to meet short term requirements (13 weeks)
164 weeks - Nerico Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.6%, this is a higher level of debt than the average (73.1%)
105.6% - Nerico Limited
73.1% - Industry AVG
NERICO LIMITED financials
Nerico Limited's latest turnover from June 2023 is estimated at £2 million and the company has net assets of -£170.5 thousand. According to their latest financial statements, Nerico Limited has 2 employees and maintains cash reserves of £21.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 3,010,347 | 2,972,970 | 2,341,018 | 2,338,001 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,192 | 0 | 0 | 0 | 0 |
| Cash | 21,686 | 100 | 100 | 100 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,035,225 | 2,973,070 | 2,341,118 | 2,338,101 | 0 |
| total assets | 3,035,225 | 2,973,070 | 2,341,118 | 2,338,101 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,840 | 6,790 | 6,650 | 2,075 | 0 |
| total current liabilities | 6,840 | 6,790 | 6,650 | 2,075 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,198,849 | 3,059,548 | 2,391,980 | 2,353,160 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,198,849 | 3,059,548 | 2,391,980 | 2,353,160 | 0 |
| total liabilities | 3,205,689 | 3,066,338 | 2,398,630 | 2,355,235 | 0 |
| net assets | -170,464 | -93,268 | -57,512 | -17,134 | 0 |
| total shareholders funds | -170,464 | -93,268 | -57,512 | -17,134 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | 37,377 | 631,952 | 3,017 | 2,338,001 | 0 |
| Debtors | 3,192 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 50 | 140 | 4,575 | 2,075 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 139,301 | 667,568 | 38,820 | 2,353,160 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 21,586 | 0 | 0 | 100 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 21,586 | 0 | 0 | 100 | 0 |
nerico limited Credit Report and Business Information
Nerico Limited Competitor Analysis
Perform a competitor analysis for nerico limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in N11 area or any other competitors across 12 key performance metrics.
nerico limited Ownership
NERICO LIMITED group structure
Nerico Limited has no subsidiary companies.
Ultimate parent company
NERICO LIMITED
11745943
nerico limited directors
Nerico Limited currently has 2 directors. The longest serving directors include Mr Luke Comer (Feb 2020) and Mr Brian Comer (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luke Comer | Monaco | 67 years | Feb 2020 | - | Director |
| Mr Brian Comer | United Kingdom | 65 years | Feb 2020 | - | Director |
P&L
June 2023turnover
2m
+5%
operating profit
-77.7k
0%
gross margin
26.2%
+6.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-170.5k
+0.83%
total assets
3m
+0.02%
cash
21.7k
+215.86%
net assets
Total assets minus all liabilities
nerico limited company details
company number
11745943
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2019
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
EVANS MOCKLER LIMITED
auditor
-
address
building 1, north london business park, london, N11 1GN
Bank
-
Legal Advisor
-
nerico 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 nerico limited.
nerico 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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nerico limited Companies House Filings - See Documents
| date | description | view/download |
|---|
