Nicol's Worsteds Limited
Registered name: NICOL'S WORSTEDS LIMITED
Part of Mastcraft Limited groupNicol's Worsteds Limited made £5.2m revenue and a £138k loss in the year to 31 Mar 2025.
Nicol's Worsteds Limited’s revenue fell 4% to £5.2m in the year to 31 Mar 2025, with a loss of £138k and 119 employees. The company is classified under “hotels and similar accommodation”; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 63 yrs · since 1963
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £1.3m | £5.7m | £5.4m | £5.2m |
| Cost of sales | £188k | £1.6m | £1.4m | £1.3m |
| Gross profit | £1.1m | £4.1m | £4m | £4m |
| Operating profit | £21.1k | £580k | £489k | £45.5k |
| Profit before tax | £21.1k | £580k | £494k | −£51.6k |
| Profit after tax | £325k | £563k | £389k | −£138k |
| Profit (best available) | £325k | £563k | £389k | −£138k |
| Staff costs | — | £2m | £2m | £1.9m |
| Employees (average) | 18 | 144 | 138 | 119 |
| Ratios | ||||
| Profit margin | 25.5% | 9.9% | 7.1% | −2.6% |
| Gross margin | 85.3% | 71.5% | 73.4% | 75.7% |
| Revenue per employee | £70.9k | £39.4k | £39.4k | £44.1k |
| Profit per employee | £18.1k | £3.9k | £2.8k | −£1.2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲344.7% | ▼4.1% | ▼3.6% |
| Profit growth | — | ▲73.1% | ▼30.9% | ▼135.5% |
| Headcount growth | — | ▲700% | ▼4.2% | ▼13.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £145k | £199k | £389k | £594k |
| Net assets | £14.5m | £15.1m | £15.5m | £14.9m |
| Fixed assets | £16.2m | £15.9m | £15.7m | £14.9m |
| Current assets | £3.9m | £513k | £884k | £9.1m |
| Debtors | £14.4k | £145k | £228k | £150k |
| Deferred income | — | £142k | £243k | £546k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- −2.6%
- Profit ÷ revenue.
- Gross margin
- 75.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £44.1k
- Revenue ÷ average employees.
- Profit per employee
- −£1.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 283.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 10.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▼4%
- Now £14.9m
- Cash at bank
- ▲53%
- Now £594k
- Headcount
- ▼14%
- Now 119
- Deferred income
- ▲125%
- Now £546k
- Fixed assets
- ▼5%
- Now £14.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Mastcraft Limitedultimate parent75–100%
- Nicol's Worsteds Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (16)
- Surejogi Group LimitedRev. £9.2m · Profit £1.9m
- Abchurch Construction LimitedFigures not disclosed
- Heathlands LtdFigures not disclosed
- Hindustan Travel Service LimitedFigures not disclosed
- International Luxury Hotels LimitedFigures not disclosed
- Jai Restaurants LimitedFigures not disclosed
- Kesara LimitedFigures not disclosed
- Mastcraft (Old Street) LimitedFigures not disclosed
- Mastcraft (UK) LimitedFigures not disclosed
- Mastcraft Maple Cross LimitedFigures not disclosed
- Palms Hospitality LimitedFigures not disclosed
- Surejogi Ealing Town Hall LimitedFigures not disclosed
- Surejogi GMS LimitedFigures not disclosed
- Surejogi Heathrow LimitedFigures not disclosed
- Surejogi Old Street LimitedFigures not disclosed
- Transatlantic Life Assurance Company LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£138k), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.