7 great king street, dumfries, dumfries and galloway, DG1 1BA
Website
-
nithbank ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of NITHBANK LTD at £1.3m based on a Turnover of £2.3m and 0.55x industry multiple (adjusted for size and gross margin).
nithbank ltdEstimated Valuation
£524.2k
Pomanda estimates the enterprise value of NITHBANK LTD at £524.2k based on an EBITDA of £151.3k and a 3.46x industry multiple (adjusted for size and gross margin).
nithbank ltdEstimated Valuation
£260.5k
Pomanda estimates the enterprise value of NITHBANK LTD at £260.5k based on Net Assets of £107.6k and 2.42x industry multiple (adjusted for liquidity).
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Nithbank LtdOverview
Nithbank Ltd is a live company located in dumfries and galloway, DG1 1BA with a Companies House number of SC754829. It operates in the dental practice activities sector, SIC Code 86230. Founded in January 2023, it's largest shareholder is
zain sharaz
with a 100% stake. Nithbank Ltd is a startup,
small sized company, Pomanda has estimated its turnover at
£2.3m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Nithbank Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
2 Weak
Size
annual sales of £2.3m, make it larger than the average company (£983.7k)
£2.3m - Nithbank Ltd
£983.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Nithbank Ltd
- - Industry AVG
Production
with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)
48.8% - Nithbank Ltd
48.8% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (9.4%)
6.1% - Nithbank Ltd
9.4% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (11)
12 - Nithbank Ltd
11 - Industry AVG
Pay Structure
on an average salary of £21.9k, the company has an equivalent pay structure (£21.9k)
£21.9k - Nithbank Ltd
£21.9k - Industry AVG
Efficiency
resulting in sales per employee of £193.9k, this is more efficient (£92k)
£193.9k - Nithbank Ltd
£92k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is later than average (7 days)
16 days - Nithbank Ltd
7 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Nithbank Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nithbank Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 33 weeks, this is more cash available to meet short term requirements (2 weeks)
33 weeks - Nithbank Ltd
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.1%, this is a similar level of debt than the average (56.1%)
52.1% - Nithbank Ltd
56.1% - Industry AVG
NITHBANK LTD financials
EXPORT
Nithbank Ltd's latest turnover from January 2024 is estimated at £2.3 million and the company has net assets of £107.6 thousand. According to their latest financial statements, Nithbank Ltd has 12 employees and maintains cash reserves of £54.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Turnover
2,327,135
Other Income Or Grants
Cost Of Sales
1,191,555
Gross Profit
1,135,580
Admin Expenses
993,520
Operating Profit
142,060
Interest Payable
Interest Receivable
1,421
Pre-Tax Profit
143,481
Tax
-35,870
Profit After Tax
107,611
Dividends Paid
Retained Profit
107,611
Employee Costs
262,266
Number Of Employees
12
EBITDA*
151,349
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Tangible Assets
37,154
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
37,154
Stock & work in progress
Trade Debtors
108,215
Group Debtors
Misc Debtors
25,035
Cash
54,128
misc current assets
1
total current assets
187,379
total assets
224,533
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
83,672
total current liabilities
83,672
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
33,249
provisions
total long term liabilities
33,249
total liabilities
116,921
net assets
107,612
total shareholders funds
107,612
Jan 2024
Operating Activities
Operating Profit
142,060
Depreciation
9,289
Amortisation
Tax
-35,870
Stock
Debtors
133,250
Creditors
Accruals and Deferred Income
83,672
Deferred Taxes & Provisions
Cash flow from operations
65,901
Investing Activities
capital expenditure
-46,443
Change in Investments
cash flow from investments
-46,443
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
33,249
share issue
1
interest
1,421
cash flow from financing
34,671
cash and cash equivalents
cash
54,128
overdraft
change in cash
54,128
nithbank 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 nithbank ltd. Get real-time insights into nithbank ltd's credit score, group structure and payment trends.
Perform a competitor analysis for nithbank ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in DG1 area or any other competitors across 12 key performance metrics.
nithbank ltd Ownership
NITHBANK LTD group structure
Nithbank Ltd has no subsidiary companies.
Ultimate parent company
NITHBANK LTD
SC754829
NITHBANK LTD Shareholders
The sole shareholder of Nithbank Ltd is Zain Sharaz.
zain sharaz
100%
nithbank ltd directors
Nithbank Ltd currently has 2 directors.
The longest serving directors include
Mr Zain Sharaz (Jan 2023) and
Mrs Shamuna Sharaz (Apr 2025).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024
net assets
107.6k
0%
total assets
224.5k
0%
cash
54.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
nithbank ltd company details
company number
SC754829
Type
Private limited with Share Capital
industry
86230 - Dental practice activities
incorporation date
January 2023
age
2
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
N/A
accountant
CARE ACCOUNTANCY LTD
auditor
-
address
7 great king street, dumfries, dumfries and galloway, DG1 1BA
Bank
-
Legal Advisor
-
nithbank 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 did not find charges/mortgages relating to nithbank ltd.
nithbank 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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nithbank ltdCompanies House Filings - See Documents
