How much does Nic Ice Limited make?

Nic Ice Limited reported revenue of £38.8m and a loss of £1.5m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Nic Ice Limited have?

Nic Ice Limited reported an average of 168 employees in the year to 31 Dec 2025.

Is Nic Ice Limited profitable?

No — Nic Ice Limited reported a loss of £1.5m in the year to 31 Dec 2025.

Company No. 00394506 · Incorporated 6 Apr 1945

Nic Ice Limited

Registered name: NIC ICE LIMITED

Part of Nic Enterprises Ltd group

Nic Ice Limited made £38.8m revenue and a £1.5m loss in the year to 31 Dec 2025. read from filing text

Nic Ice Limited’s revenue grew 2% to £38.8m in the year to 31 Dec 2025, with a loss of £1.5m and 168 employees. The company is classified under “manufacture of other food products” and is based in Essex; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10890Manufacture of other food products n.e.c.

Status: Active
Location: Essex, London
Age: 81 yrs · since 1945
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent company is N”

Latest accounts · year to 31 Dec 2025

Key figures

Doing more with less

Revenue

£38.8m

Growth ▲1.6%

Profit

−£1.5m

Growth —

Profit margin

−4%

Gross 40.1%

Employees

168

Change ▼19.6%

Profit / employee

−£9.1k

Revenue/employee £231k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£40.1m	£38.6m	£38.2m	£38.8m
Cost of sales	£25.2m	£24.8m	£24.3m	£23.2m
Gross profit	£14.9m	£13.8m	£13.9m	£15.5m
Operating profit	£3.7m	−£1.2m	−£961k	−£213k
Profit before tax	£3.4m	−£1.9m	−£2m	−£1.2m
Profit after tax	£3.3m	−£958k	−£1.6m	−£1.5m
Profit (best available)	£3.3m	−£958k	−£1.6m	−£1.5m
Staff costs	£10.5m	£10m	£8.8m	£7.7m
Employees (average)	293	243	209	168
Ratios
Profit margin	8.3%	−2.5%	−4.1%	−4%
Gross margin	37.1%	35.6%	36.4%	40.1%
Revenue per employee	£137k	£159k	£183k	£231k
Profit per employee	£11.4k	−£3.9k	−£7.5k	−£9.1k
Growth (year on year)
Revenue growth	—	▼3.7%	▼1.1%	▲1.6%
Profit growth	—	▼128.8%	—	—
Headcount growth	—	▼17.1%	▼14%	▼19.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£448k	£1.6m	£4.2m	£252k
Net assets	£11.5m	£10.5m	£9m	£7.4m
Fixed assets	£14.5m	£15.2m	£14.8m	£15.5m
Current assets	£14m	£15.4m	£16.2m	£12.5m
Debtors	£3.7m	£3.8m	£3.4m	£3.8m
Deferred income	£1.9m	£1.5m	£1.5m	£3m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: −4%; Profit ÷ revenue.
Gross margin: 40.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £231k; Revenue ÷ average employees.
Profit per employee: −£9.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 39.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼17%; Now £7.4m
Cash at bank: ▼94%; Now £252k
Headcount: ▼20%; Now 168
Deferred income: ▲101%; Now £3m
Fixed assets: ▲5%; Now £15.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Nic Enterprises Ltd (registered outside the UK register)ultimate parent75–100%
Nic Ice Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Greco Brothers LimitedRev. — · Profit £259k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.5m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.