Nicklin Capital Ltd
Registered name: NICKLIN CAPITAL LTD
Nicklin Capital Ltd made £19.3m revenue and £1.2m profit in the year to 31 Dec 2025.
Nicklin Capital Ltd’s revenue grew 10% to £19.3m in the year to 31 Dec 2025, with £1.2m profit and 139 employees. The company is classified under “buying and selling of own real estate” and is based in Stourbridge; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stourbridge, West Midlands
- Age
- 4 yrs · since 2022
- Type
- Private Limited Company
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 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £3.9m | £16.7m | £17.5m | £19.3m |
| Cost of sales | £2.5m | £10.1m | £10.2m | £11.3m |
| Gross profit | £1.4m | £6.6m | £7.2m | £8m |
| Operating profit | £556k | £3.4m | £3.3m | £3.5m |
| Profit before tax | £590k | £3.6m | £3.7m | £3.5m |
| Profit after tax | £1m | £4.5m | £1.6m | £1.2m |
| Profit (best available) | £1m | £4.5m | £1.6m | £1.2m |
| Staff costs | £1.3m | £5.1m | £5.9m | £6.7m |
| Employees (average) | 122 | 131 | 133 | 139 |
| Ratios | ||||
| Profit margin | 25.6% | 27.1% | 9.3% | 6.1% |
| Gross margin | 35.4% | 39.6% | 41.4% | 41.4% |
| Revenue per employee | £32.1k | £128k | £131k | £139k |
| Profit per employee | £8.2k | £34.5k | £12.2k | £8.4k |
| Cash conversion | −61.4% | 98% | 103.4% | 117.8% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲327.1% | ▲4.4% | ▲10.4% |
| Profit growth | — | ▲352.3% | ▼64.3% | ▼27.5% |
| Headcount growth | — | ▲7.4% | ▲1.5% | ▲4.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1m | £2.3m | £2.4m | £1.9m |
| Net assets | £2k | £3.4m | £4m | £2.7m |
| Fixed assets | £3.7m | £4.4m | £5.2m | £5m |
| Current assets | £12.6m | £13.7m | £13.9m | £1.9m |
| Debtors | £3.1m | £3.9m | £3.8m | £4m |
| Cash from operations | −£342k | £3.3m | £3.4m | £4.1m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 6.1%
- Profit ÷ revenue.
- Gross margin
- 41.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £139k
- Revenue ÷ average employees.
- Profit per employee
- £8.4k
- Profit ÷ average employees.
- Cash conversion
- 117.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 25.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20.6%
- 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
- ▼31%
- Now £2.7m
- Cash at bank
- ▼20%
- Now £1.9m
- Headcount
- ▲5%
- Now 139
- Deferred income
- —
- Now —
- Fixed assets
- ▼4%
- Now £5m
Group structure
Subsidiaries (1)
- H.V.C. Supplies (Stourbridge) LimitedRev. £19.1m · Profit £2.6m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.2m), 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.