Nicholas Michael Estate Agents Limited
Registered name: NICHOLAS MICHAEL ESTATE AGENTS LIMITED
Part of JMP Group Holdings Limited groupNicholas 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.
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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 |
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.
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
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).
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- Profit
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- Staff
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Sources
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.