David Nicolson Engineering Limited

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david nicolson engineering limited Company Information

Live

EstablishedMicroDeclining

Company Number

SC366661

Website

Registered Address

scarvataing cottage aith, bixter, shetland, ZE2 9NE

Industry

Other personal service activities n.e.c.

Telephone

Next Accounts Due

March 2025

Group Structure

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Directors

George Nicolson14 Years

Elizabeth Nicolson14 Years

Shareholders

george david nicolson 50%

elizabeth anne nicolson 50%

david nicolson engineering limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of DAVID NICOLSON ENGINEERING LIMITED at £3m based on Net Assets of £1m and 2.99x industry multiple (adjusted for liquidity).

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David Nicolson Engineering Limited is a live company located in shetland, ZE2 9NE with a Companies House number of SC366661. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2009, it's largest shareholder is george david nicolson with a 50% stake. David Nicolson Engineering Limited is a established, micro sized company, Pomanda has estimated its turnover at £82.8k with declining growth in recent years.

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Pomanda's financial health check has awarded David Nicolson Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £82.8k, make it smaller than the average company (£849k)

Growth

3 year (CAGR) sales growth of -73%, show it is growing at a slower rate (5.7%)

EXPORT

David Nicolson Engineering Limited's latest turnover from June 2023 is estimated at £82.8 thousand and the company has net assets of £1 million. According to their latest financial statements, David Nicolson Engineering Limited has 1 employee and maintains cash reserves of £911 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	82,813	79,583	4,577,628	4,273,350	3,876,357	3,043,054	3,583,939	154,525	70,858	91,821	90,868	89,102	73,336	54,535
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	48,814	47,075	2,767,050	2,580,257	2,310,819	1,832,703	2,115,907	90,209	42,158	55,030	51,894	51,461	41,655	30,663
Gross Profit	33,998	32,508	1,810,578	1,693,092	1,565,537	1,210,351	1,468,032	64,315	28,700	36,791	38,974	37,641	31,681	23,872
Admin Expenses	13,881	1,726	1,725,357	1,627,223	1,404,907	1,263,908	1,218,392	-29,070	-41,346	-78,670	-39,899	-79,558	-82,999	-70,949
Operating Profit	20,117	30,782	85,221	65,869	160,630	-53,557	249,640	93,385	70,046	115,461	78,873	117,199	114,680	94,821
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	47,737	6,241	0	0	0	0	674	2,567	2,318	1,950	1,554	1,148	688	242
Pre-Tax Profit	67,853	37,022	85,221	65,869	160,630	-53,557	250,314	95,951	72,364	117,410	80,427	118,347	115,368	95,064
Tax	-16,963	-7,034	-16,192	-12,515	-30,520	0	-47,560	-19,190	-14,473	-24,656	-18,498	-28,403	-29,996	-26,618
Profit After Tax	50,890	29,988	69,029	53,354	130,110	-53,557	202,754	76,761	57,891	92,754	61,929	89,944	85,372	68,446
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	50,890	29,988	69,029	53,354	130,110	-53,557	202,754	76,761	57,891	92,754	61,929	89,944	85,372	68,446
Employee Costs	30,308	28,711	27,694	26,440	26,938	25,853	24,831	53,355	26,470	52,822	52,537	51,878	25,717	24,792
Number Of Employees	1	1	1	1	1	1	1	2	1	2	2	2	1	1
EBITDA*	24,317	30,782	85,221	65,869	160,630	-53,557	249,640	95,493	71,461	117,383	81,333	120,013	114,888	94,821

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	139,075	9,392	8,772	12,064	13,695	15,512	20,720	28,300	3,875	5,290	6,776	8,441	9,787	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	139,075	9,392	8,772	12,064	13,695	15,512	20,720	28,300	3,875	5,290	6,776	8,441	9,787	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	963,959	884,336	848,392	671,158	781,379	0	398	389	906	919	2,193	305
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,639	3,230	0	0	0	0	0	0	0	0	0	0	0	0
Cash	910,978	998,485	0	0	0	0	0	538,868	487,806	439,292	340,521	281,171	178,160	96,997
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	914,617	1,001,715	963,959	884,336	848,392	671,158	781,379	538,868	488,204	439,681	341,427	282,090	180,353	97,302
total assets	1,053,692	1,011,107	972,731	896,400	862,087	686,670	802,099	567,168	492,079	444,971	348,203	290,531	190,140	97,302
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	0	0	36,094	29,062	48,133	2,876	64,798	28,311	34,868	45,368	41,057	44,981	34,265	28,756
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	34,561	46,232	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	34,561	46,232	36,094	29,062	48,133	2,876	64,798	28,311	34,868	45,368	41,057	44,981	34,265	28,756
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	1,850	1,580	1,550	1,500	1,450	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	3,366	0	0	0	0	0	0	5,660	775	1,058	1,355	1,688	1,957	0
total long term liabilities	3,366	0	1,850	1,580	1,550	1,500	1,450	5,660	775	1,058	1,355	1,688	1,957	0
total liabilities	37,927	46,232	37,944	30,642	49,683	4,376	66,248	33,971	35,643	46,426	42,412	46,669	36,222	28,756
net assets	1,015,765	964,875	934,787	865,758	812,404	682,294	735,851	533,197	456,436	398,545	305,791	243,862	153,918	68,546
total shareholders funds	1,015,765	964,875	934,787	865,758	812,404	682,294	735,851	533,197	456,436	398,545	305,791	243,862	153,918	68,546

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	20,117	30,782	85,221	65,869	160,630	-53,557	249,640	93,385	70,046	115,461	78,873	117,199	114,680	94,821
Depreciation	4,200	0	0	0	0	0	0	2,108	1,415	1,922	2,460	2,814	208	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,963	-7,034	-16,192	-12,515	-30,520	0	-47,560	-19,190	-14,473	-24,656	-18,498	-28,403	-29,996	-26,618
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	409	-960,729	79,623	35,944	177,234	-110,221	781,379	-398	9	-517	-13	-1,274	1,888	305
Creditors	0	-36,094	7,032	-19,071	45,257	-61,922	36,487	-6,557	-10,500	4,311	-3,924	10,716	5,509	28,756
Accruals and Deferred Income	-11,671	44,382	270	30	50	50	1,450	0	0	0	0	0	0	0
Deferred Taxes & Provisions	3,366	0	0	0	0	0	-5,660	4,885	-283	-297	-333	-269	1,957	0
Cash flow from operations	-1,360	992,765	-3,292	-1,631	-1,817	-5,208	-547,022	75,029	46,196	97,258	58,591	103,331	90,470	96,654
Investing Activities
capital expenditure	-133,883	-620	3,292	1,631	1,817	5,208	7,580	-26,533	0	-436	-795	-1,468	-9,995	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-133,883	-620	3,292	1,631	1,817	5,208	7,580	-26,533	0	-436	-795	-1,468	-9,995	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	100	0	0	0	0	-100	0	0	0	0	0	0	100
interest	47,737	6,241	0	0	0	0	674	2,567	2,318	1,950	1,554	1,148	688	242
cash flow from financing	47,737	6,341	0	0	0	0	574	2,567	2,318	1,950	1,554	1,148	688	342
cash and cash equivalents
cash	-87,507	998,485	0	0	0	0	-538,868	51,062	48,514	98,771	59,350	103,011	81,163	96,997
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-87,507	998,485	0	0	0	0	-538,868	51,062	48,514	98,771	59,350	103,011	81,163	96,997

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAVID NICOLSON ENGINEERING LIMITED group structure

David Nicolson Engineering Limited has no subsidiary companies.

Ultimate parent company

DAVID NICOLSON ENGINEERING LIMITED

SC366661

DAVID NICOLSON ENGINEERING LIMITED Shareholders

george david nicolson	50%
elizabeth anne nicolson	50%

David Nicolson Engineering Limited currently has 2 directors. The longest serving directors include Mr George Nicolson (Oct 2009) and Mrs Elizabeth Nicolson (Oct 2009).

officer	country	age	start	end	role
Mr George Nicolson	Scotland	61 years	Oct 2009	-	Director
Mrs Elizabeth Nicolson	Scotland	60 years	Oct 2009	-	Director

P&L

June 2023

turnover

82.8k

+4%

operating profit

20.1k

gross margin

41.1%

+0.51%

turnover

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

Balance Sheet

June 2023

net assets

+0.05%

total assets

1.1m

+0.04%

cash

911k

-0.09%

net assets

Total assets minus all liabilities

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company number

SC366661

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

October 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

scarvataing cottage aith, bixter, shetland, ZE2 9NE

last accounts submitted

June 2023

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.

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david nicolson engineering limited Company Information

david nicolson engineering limited Estimated Valuation

david nicolson engineering limited Estimated Valuation

david nicolson engineering limited Estimated Valuation

David Nicolson Engineering Limited Overview

David Nicolson Engineering Limited Health Check

DAVID NICOLSON ENGINEERING LIMITED financials

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david nicolson engineering limited Ownership

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