John Nicholls (Trading) Limited
Registered name: JOHN NICHOLLS (TRADING) LIMITED
Part of John Nicholls Management Limited groupJohn Nicholls (Trading) Limited made £38.3m revenue and £623k profit in the year to 31 Mar 2025.
John Nicholls (Trading) Limited’s revenue fell 8% to £38.3m in the year to 31 Mar 2025, with £623k profit and 125 employees. The company is classified under “wholesale of hardware, plumbing and heating equipment and supplies” and is based in Banbury; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Banbury, South East
- Age
- 61 yrs · since 1965
- 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 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £41.5m | £38.3m |
| Cost of sales | £29.9m | £27.9m |
| Gross profit | £11.6m | £10.4m |
| Operating profit | £1m | £840k |
| Profit before tax | £890k | £782k |
| Profit after tax | £776k | £623k |
| Profit (best available) | £776k | £623k |
| Staff costs | £6.3m | £6m |
| Employees (average) | 140 | 125 |
| Ratios | ||
| Profit margin | 1.9% | 1.6% |
| Gross margin | 28% | 27.2% |
| Revenue per employee | £297k | £307k |
| Profit per employee | £5.5k | £5k |
| Growth (year on year) | ||
| Revenue growth | — | ▼7.7% |
| Profit growth | — | ▼19.7% |
| Headcount growth | — | ▼10.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £106k | £69k |
| Net assets | £7.4m | £7.3m |
| Fixed assets | £1m | £1m |
| Current assets | £14m | £15.1m |
| Debtors | £4.8m | £4.8m |
| Source | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 1.6%
- Profit ÷ revenue.
- Gross margin
- 27.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £307k
- Revenue ÷ average employees.
- Profit per employee
- £5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.6%
- 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
- ▼2%
- Now £7.3m
- Cash at bank
- ▼35%
- Now £69k
- Headcount
- ▼11%
- Now 125
- Deferred income
- —
- Now —
- Fixed assets
- ▼0%
- Now £1m
Group structure
Ownership chain
- John Nicholls Management Limitedultimate parent75–100%
- An Lightside Holdings Ltd75–100%
- John Nicholls (Trading) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- J & BS LtdFigures 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 £623k), from the Companies House accounts bulk data published Nov 2025. 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.