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Company No. 03606174 · Incorporated 29 Jul 1998

Nicholas Associates Group Limited

Registered name: NICHOLAS ASSOCIATES GROUP LIMITED

Part of Nicholas Associates Holdings Limited group

Nicholas Associates Group Limited made £76.5m revenue and a £121k loss in the year to 31 Dec 2025. read from filing text

Nicholas Associates Group Limited’s revenue grew 1% to £76.5m in the year to 31 Dec 2025, with a loss of £121k and 3,079 employees. The company is classified under “management consultancy activities other than financial management” and is based in Sheffield; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial managementSIC 78200Temporary employment agency activitiesSIC 78300Human resources provision and management of human resources functions
Status
Active
Location
Sheffield, Yorkshire and The Humber
Age
28 yrs · since 1998
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light
Revenue
£76.5m
Growth ▲0.6%
Profit
−£121k
Growth —
Profit margin
−0.2%
Gross 14.1%
Employees
3,079
Change ▲3.8%
Profit / employee
−£39
Revenue/employee £24.8k
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 to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£70.4m£76.2m£76m£76.5m
Cost of sales£59m£64.8m£65.5m£65.7m
Gross profit£11.4m£11.4m£10.5m£10.8m
Operating profit£2.2m£857k−£881k£384k
Profit before tax£2m£315k−£1.4m−£121k
Profit after tax£1.6m£259k−£1.3m−£121k
Profit (best available)£1.6m£259k−£1.3m−£121k
Staff costs£8.6m£9.8m£11.5m£11m
Employees (average)3,5043,4792,9653,079
Ratios
Profit margin2.3%0.3%−1.7%−0.2%
Gross margin16.2%15%13.8%14.1%
Revenue per employee£20.1k£21.9k£25.6k£24.8k
Profit per employee£468£74−£440−£39
Growth (year on year)
Revenue growth—▲8.3%▼0.2%▲0.6%
Profit growth—▼84.2%▼603.5%—
Headcount growth—▼0.7%▼14.8%▲3.8%
Balance sheet — indirect signals, not revenue
Cash at bank£710k£637k£1.5m£948k
Net assets£3.8m£2.3m£1m£919k
Fixed assets£418k£441k£693k£484k
Current assets£16m£20.4m£17.4m£17.9m
Debtors£12.4m£17.8m£14.8m£15.8m
Deferred income£1.7m£2m£1.9m£2.1m
SourceFullAccounts · bulk data Nov 2024FullAccounts · bulk data Nov 2024FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
−0.2%
Profit ÷ revenue.
Gross margin
14.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£24.8k
Revenue ÷ average employees.
Profit per employee
−£39
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
20.6%
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
▼12%
Now £919k
Cash at bank
▼36%
Now £948k
Headcount
▲4%
Now 3,079
Deferred income
▲11%
Now £2.1m
Fixed assets
▼30%
Now £484k

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

  1. Nicholas Associates Holdings Limitedultimate parent75–100%
  2. Nicholas Associates Group Limitedthis company

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

Subsidiaries (2)

Sister companies (7)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£121k), from the Companies House accounts bulk data published Sep 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.