How much does Nicholas Michael Estate Agents Limited make?

Nicholas Michael Estate Agents Limited reported revenue of £367k and a loss of £12.4k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Nicholas Michael Estate Agents Limited have?

Nicholas Michael Estate Agents Limited reported an average of 11 employees in the year to 31 Dec 2023.

Is Nicholas Michael Estate Agents Limited profitable?

No — Nicholas Michael Estate Agents Limited reported a loss of £12.4k in the year to 31 Dec 2023.

Company No. 05318344 · Incorporated 21 Dec 2004

Nicholas Michael Estate Agents Limited

Registered name: NICHOLAS MICHAEL ESTATE AGENTS LIMITED

Part of JMP Group Holdings Limited group

Nicholas Michael Estate Agents Limited made £367k revenue and a £12.4k loss in the year to 31 Dec 2023.

Nicholas Michael Estate Agents Limited’s revenue grew 10% to £367k in the year to 31 Dec 2023, with a loss of £12.4k and 11 employees. The company is classified under “real estate agencies” and is based in Swansea; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68310Real estate agencies

Status: Liquidation
Location: Swansea, Wales
Age: 21 yrs · since 2004
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£367k

Growth ▲9.7%

Profit

−£12.4k

Growth —

Profit margin

−3.4%

Gross 93.8%

Employees

Change 0%

Profit / employee

−£1.1k

Revenue/employee £33.4k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£335k	£367k
Cost of sales	£30.1k	£22.6k
Gross profit	£305k	£345k
Operating profit	−£40.1k	−£8.8k
Profit before tax	−£45.4k	−£12.4k
Profit after tax	−£45.4k	−£12.4k
Profit (best available)	−£45.4k	−£12.4k
Employees (average)	11	11
Ratios
Profit margin	−13.6%	−3.4%
Gross margin	91%	93.8%
Revenue per employee	£30.4k	£33.4k
Profit per employee	−£4.1k	−£1.1k
Growth (year on year)
Revenue growth	—	▲9.7%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£32.4k	£24.7k
Net assets	−£146k	−£159k
Fixed assets	£4.6k	£3.6k
Current assets	£41.1k	£32.6k
Debtors	£4.2k	£3.2k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −3.4%; Profit ÷ revenue.
Gross margin: 93.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £33.4k; Revenue ÷ average employees.
Profit per employee: −£1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: —; Now −£159k
Cash at bank: ▼24%; Now £24.7k
Headcount: 0%; Now 11
Deferred income: —; Now —
Fixed assets: ▼23%; Now £3.6k

Corporate ownership

Group structure

Ownership chain

JMP Group Holdings Limitedultimate parent75–100%
Nicholas Michael Estate Agents Limitedthis company

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

Sister companies (2)

Mre. - Morgan Real Estate LimitedFigures not disclosed
Peter Morgan Property Group LimitedLiquidationFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£12.4k), from the Companies House accounts bulk data published Sep 2024. 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.