Ncimb Limited

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ncimb limited Company Information

Live

MatureSmallDeclining

Company Number

SC078368

Website

www.ncimb.com

Registered Address

. wellheads place, dyce, aberdeen, AB21 7GB

Industry

Other research and experimental development on natural sciences and engineering

Telephone

01224009333

Next Accounts Due

April 2025

Group Structure

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Directors

James Prosser29 Years

Barry Philpott19 Years

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Shareholders

island channel enterprises llc 17.9%

moulton goodies ltd 17.9%

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ncimb limited Estimated Valuation

£11.2m

Pomanda estimates the enterprise value of NCIMB LIMITED at £11.2m based on Net Assets of £4.7m and 2.39x industry multiple (adjusted for liquidity).

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Ncimb Limited is a live company located in aberdeen, AB21 7GB with a Companies House number of SC078368. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in April 1982, it's largest shareholder is island channel enterprises llc with a 17.9% stake. Ncimb Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Ncimb Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (4.5%)

EXPORT

Ncimb Limited's latest turnover from July 2023 is £2.1 million and the company has net assets of £4.7 million. According to their latest financial statements, Ncimb Limited has 27 employees and maintains cash reserves of £55 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,106,362	2,973,894	3,041,720	5,467,620	1,698,505	1,834,007	1,690,989	946,676	1,687,011	2,143,167	1,356,819	1,322,603	1,094,890	1,239,247	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,319,483	1,584,693	1,607,741	2,881,624	876,462	952,193	869,101	502,463	911,442	1,189,270	706,194	687,269	663,404	685,825	0
Gross Profit	786,879	1,389,201	1,433,979	2,585,996	822,043	881,815	821,888	444,213	775,569	953,897	650,625	635,334	431,486	553,422	0
Admin Expenses	1,172,258	994,429	-2,076,808	1,640,314	738,374	862,151	819,326	572,556	721,650	774,270	511,432	514,237	412,079	572,938	836,623
Operating Profit	-385,379	394,772	3,510,787	945,682	83,669	19,664	2,562	-128,343	53,919	179,627	139,193	121,097	19,407	-19,516	-836,623
Interest Payable	49,328	182,377	12,775	3,347	633	902	1,148	670	0	11,822	12,630	10,623	8,006	0	0
Interest Receivable	3,769	591	2,774	424	1,613	1,242	622	974	1,146	978	18	0	0	91	74
Pre-Tax Profit	-430,938	212,986	3,500,786	942,758	84,649	20,004	2,036	-128,039	55,065	168,784	126,581	110,474	11,401	-19,425	-836,549
Tax	70,834	120,221	-665,149	-179,124	-16,083	-3,801	-387	0	-11,013	-35,445	0	5,112	0	0	0
Profit After Tax	-360,104	333,207	2,835,637	763,634	68,566	16,203	1,649	-128,039	44,052	133,339	126,581	115,586	11,401	-19,425	-836,549
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-360,104	333,207	2,835,637	763,634	68,566	16,203	1,649	-128,039	44,052	133,339	126,581	115,586	11,401	-19,425	-836,549
Employee Costs	1,566,606	1,543,602	1,485,997	1,496,636	1,293,176	1,284,166	1,200,869	507,067	900,672	1,098,766	658,561	695,657	595,657	676,660	0
Number Of Employees	27	27	26	27	24	23	23	10	18	23	14	15	13	15	0
EBITDA*	-225,941	571,070	3,694,220	1,006,188	149,278	95,867	42,417	-24,819	136,218	236,139	205,357	187,551	93,415	36,790	-787,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	5,835,957	3,461,207	1,743,597	1,090,310	968,131	986,537	1,021,285	1,044,530	1,115,032	884,712	917,632	939,411	904,755	939,480	925,164
Intangible Assets	1,007	1,541	2,177	2,281	13,660	17,188	20,716	24,244	27,772	30,739	25,648	28,582	32,008	33,378	32,497
Investments & Other	152,135	152,135	99,998	99,998	99,998	0	0	0	0	0	0	0	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	5,989,099	3,614,883	1,845,772	1,192,589	1,081,789	1,003,725	1,042,001	1,068,774	1,142,804	915,451	943,280	967,993	936,765	972,860	957,663
Stock & work in progress	272,568	284,946	271,818	314,078	580,686	585,995	572,457	548,065	544,902	546,360	567,691	528,989	543,836	559,833	521,084
Trade Debtors	517,953	405,856	705,415	1,490,825	213,625	296,369	260,137	150,482	216,560	313,661	201,622	157,936	188,709	121,858	150,928
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	100,579	207,641	107,729	542,128	164,324	52,428	8,500	34,097	0	0	0	0	273	0	0
Cash	54,979	1,919,292	4,923,211	625,224	222,167	207,994	288,819	209,031	180,739	277,760	113,468	113,704	72,576	6,666	29,556
misc current assets	51,186	106,436	0	0	0	55,701	77,791	69,348	30,221	74,709	110,803	67,094	22,593	38,702	29,814
total current assets	997,265	2,924,171	6,008,173	2,972,255	1,180,802	1,198,487	1,207,704	1,011,023	972,422	1,212,490	993,584	867,723	827,987	727,059	731,382
total assets	6,986,364	6,539,054	7,853,945	4,164,844	2,262,591	2,202,212	2,249,705	2,079,797	2,115,226	2,127,941	1,936,864	1,835,716	1,764,752	1,699,919	1,689,045
Bank overdraft	52,211	33,581	32,999	20,807	4,500	4,500	4,500	4,500	0	0	0	0	24,141	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	30,459	30,101	0	0	0
Trade Creditors	349,962	273,127	167,667	267,403	91,418	67,114	73,306	45,090	334,957	387,164	73,083	93,716	97,316	296,193	283,086
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	89,102	61,139	61,117	13,085	16,494	28,681	44,138	35,153	0	0	33,340	38,781	17,182	0	0
other current liabilities	567,849	511,677	1,728,040	1,126,309	274,280	271,008	274,485	185,204	0	0	180,077	129,031	184,996	0	0
total current liabilities	1,059,124	879,524	1,989,823	1,427,604	386,692	371,303	396,429	269,947	334,957	387,164	316,959	291,629	323,635	296,193	283,086
loans	557,234	260,900	283,237	81,818	2,625	7,125	11,625	16,125	0	0	333,287	361,462	394,797	0	0
hp & lease commitments	184,443	44,700	105,845	0	0	16,494	45,174	24,850	0	0	26,956	49,544	28,825	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	286,986	94,705	244,705	266,986	266,986	266,986	266,986	266,986	343,230	347,790	0	0	0	397,632	380,440
provisions	217,422	217,422	202,435	196,173	177,659	180,241	185,631	188,383	0	0	0	0	0	0	0
total long term liabilities	1,246,085	617,727	836,222	544,977	447,270	470,846	509,416	496,344	343,230	347,790	360,243	411,006	423,622	397,632	380,440
total liabilities	2,305,209	1,497,251	2,826,045	1,972,581	833,962	842,149	905,845	766,291	678,187	734,954	677,202	702,635	747,257	693,825	663,526
net assets	4,681,155	5,041,803	5,027,900	2,192,263	1,428,629	1,360,063	1,343,860	1,313,506	1,437,039	1,392,987	1,259,662	1,133,081	1,017,495	1,006,094	1,025,519
total shareholders funds	4,681,155	5,041,803	5,027,900	2,192,263	1,428,629	1,360,063	1,343,860	1,313,506	1,437,039	1,392,987	1,259,662	1,133,081	1,017,495	1,006,094	1,025,519

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-385,379	394,772	3,510,787	945,682	83,669	19,664	2,562	-128,343	53,919	179,627	139,193	121,097	19,407	-19,516	-836,623
Depreciation	158,904	175,662	180,991	56,977	62,081	72,675	36,327	99,996	78,771	53,253	63,230	63,028	70,375	52,887	45,430
Amortisation	534	636	2,442	3,529	3,528	3,528	3,528	3,528	3,528	3,259	2,934	3,426	3,633	3,419	3,296
Tax	70,834	120,221	-665,149	-179,124	-16,083	-3,801	-387	0	-11,013	-35,445	0	5,112	0	0	0
Stock	-12,378	13,128	-42,260	-266,608	-5,309	13,538	24,392	3,163	-1,458	-21,331	38,702	-14,847	-15,997	38,749	521,084
Debtors	5,035	-199,647	-1,219,809	1,655,004	29,152	80,160	84,058	-31,981	-97,101	112,039	43,686	-31,046	67,124	-29,070	150,928
Creditors	76,835	105,460	-99,736	175,985	24,304	-6,192	28,216	-289,867	-52,207	314,081	-20,633	-3,600	-198,877	13,107	283,086
Accruals and Deferred Income	56,172	-1,216,363	601,731	852,029	3,272	-3,477	89,281	185,204	0	-180,077	51,046	-55,965	184,996	0	0
Deferred Taxes & Provisions	0	14,987	6,262	18,514	-2,582	-5,390	-2,752	188,383	0	0	0	0	0	0	0
Cash flow from operations	-14,757	-218,106	4,799,397	485,196	134,346	-16,691	48,325	87,719	171,557	243,990	153,382	178,991	28,407	40,218	-1,176,823
Investing Activities
capital expenditure	-2,533,654	-1,893,272	-836,616	-171,306	-43,675	-37,927	-13,082	-29,494	-309,652	-28,683	-41,451	-97,684	-37,913	-71,503	-1,006,387
Change in Investments	0	52,137	0	0	99,998	0	0	0	0	0	0	-2	0	0	2
cash flow from investments	-2,533,654	-1,945,409	-836,616	-171,306	-143,673	-37,927	-13,082	-29,494	-309,652	-28,683	-41,451	-97,682	-37,913	-71,503	-1,006,389
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-30,459	358	30,101	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	296,334	-22,337	201,419	79,193	-4,500	-4,500	-4,500	16,125	0	-333,287	-28,175	-33,335	394,797	0	0
Hire Purchase and Lease Commitments	167,706	-61,123	153,877	-3,409	-28,681	-44,137	29,309	60,003	0	-60,296	-28,029	42,318	46,007	0	0
other long term liabilities	192,281	-150,000	-22,281	0	0	0	0	-76,244	-4,560	347,790	0	0	-397,632	17,192	380,440
share issue	-544	-319,304	0	0	0	0	28,705	4,506	0	-14	0	0	0	0	1,862,068
interest	-45,559	-181,786	-10,001	-2,923	980	340	-526	304	1,146	-10,844	-12,612	-10,623	-8,006	91	74
cash flow from financing	610,218	-734,550	323,014	72,861	-32,201	-48,297	52,988	4,694	-3,414	-87,110	-68,458	28,461	35,166	17,283	2,242,582
cash and cash equivalents
cash	-1,864,313	-3,003,919	4,297,987	403,057	14,173	-80,825	79,788	28,292	-97,021	164,292	-236	41,128	65,910	-22,890	29,556
overdraft	18,630	582	12,192	16,307	0	0	0	4,500	0	0	0	-24,141	24,141	0	0
change in cash	-1,882,943	-3,004,501	4,285,795	386,750	14,173	-80,825	79,788	23,792	-97,021	164,292	-236	65,269	41,769	-22,890	29,556

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NCIMB LIMITED group structure

Ncimb Limited has no subsidiary companies.

Ultimate parent company

NCIMB LIMITED

SC078368

NCIMB LIMITED Shareholders

island channel enterprises llc	17.91%
moulton goodies ltd	17.89%
the university court	13.88%
scottish enterprise	13.52%
barry philpott	5.4%
aberdeen university	4.83%
k nominees ltd	4.82%
carol phillips	3.59%
netstrike ltd	2.12%
scott voorhees	1.73%

Ncimb Limited currently has 6 directors. The longest serving directors include Professor James Prosser (Dec 1994) and Mr Barry Philpott (Sep 2005).

officer	country	age	start	end	role
Professor James Prosser	United Kingdom	73 years	Dec 1994	-	Director
Mr Barry Philpott		76 years	Sep 2005	-	Director
Dr Carol Phillips		56 years	Jun 2008	-	Director
Professor Andrew Porter	Scotland	63 years	Feb 2023	-	Director
Dr Edward Green	Scotland	58 years	Mar 2023	-	Director
Mrs Kristen Knox	United States	48 years	May 2023	-	Director

P&L

July 2023

turnover

2.1m

-29%

operating profit

-385.4k

-198%

gross margin

37.4%

-20.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

4.7m

-0.07%

total assets

+0.07%

cash

55k

-0.97%

net assets

Total assets minus all liabilities

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company number

SC078368

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

April 1982

ultimate parent company

None

previous names

national collections of industrial and marine bacteria limited(the) (January 1998)

address

. wellheads place, dyce, aberdeen, AB21 7GB

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 7 charges/mortgages relating to ncimb limited. Currently there are 3 open charges and 4 have been satisfied in the past.

ncimb limited Company Information

ncimb limited Estimated Valuation

ncimb limited Estimated Valuation

ncimb limited Estimated Valuation

Ncimb Limited Overview

Ncimb Limited Health Check

NCIMB LIMITED financials

ncimb limited Credit Report and Business Information

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ncimb limited Ownership

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