John McNicol & Co. (Electrical Engineers) Limited
Registered name: JOHN MCNICOL & CO. (ELECTRICAL ENGINEERS) LIMITED
Part of John McNicol & Co. (Holdings) Limited groupJohn McNicol & Co. (Electrical Engineers) Limited made £784k revenue and a £20.7k loss in the year to 31 Mar 2025.
John McNicol & Co. (Electrical Engineers) Limited’s revenue fell 19% to £784k in the year to 31 Mar 2025, with a loss of £20.7k and 12 employees. The company is classified under “other engineering activities”; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Scotland
- Age
- 21 yrs · since 2005
- 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. From the filing: “John McNicol & Co. (Holdings) Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £964k | £784k |
| Cost of sales | — | — | £640k | £520k |
| Gross profit | — | — | £324k | £263k |
| Operating profit | — | — | £40.5k | −£9.5k |
| Profit before tax | — | — | £39.7k | −£20.7k |
| Profit after tax | — | — | £39.7k | −£20.7k |
| Profit (best available) | — | — | £39.7k | −£20.7k |
| Employees (average) | 17 | 17 | 15 | 12 |
| Ratios | ||||
| Profit margin | — | — | 4.1% | −2.6% |
| Gross margin | — | — | 33.6% | 33.6% |
| Revenue per employee | — | — | £64.3k | £65.3k |
| Profit per employee | — | — | £2.6k | −£1.7k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼18.7% |
| Profit growth | — | — | — | ▼152.2% |
| Headcount growth | — | 0% | ▼11.8% | ▼20% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £20.5k | £52.4k | £45k | £23.6k |
| Net assets | £145k | £183k | £223k | £202k |
| Fixed assets | £12.7k | £21.6k | £17k | £8.3k |
| Current assets | £311k | £406k | £393k | £320k |
| Debtors | £161k | £195k | £171k | £106k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −2.6%
- Profit ÷ revenue.
- Gross margin
- 33.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £65.3k
- Revenue ÷ average employees.
- Profit per employee
- −£1.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.6%
- 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
- ▼9%
- Now £202k
- Cash at bank
- ▼48%
- Now £23.6k
- Headcount
- ▼20%
- Now 12
- Deferred income
- —
- Now —
- Fixed assets
- ▼51%
- Now £8.3k
Group structure
Ownership chain
- John McNicol & Co. (Holdings) Limitedultimate parent75–100%
- John McNicol & Co. (Electrical Engineers) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- John McNicol & Co. (1938) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Rsa Structural Design LtdBuckhurst Hill · Other engineering activities
- Revenue
- £793k
- Profit
- £55.3k
- Staff
- 12
- Potenza Engineering LimitedDalry · Other engineering activities
- Revenue
- £808k
- Profit
- £10.4k
- Staff
- 2
- Monofloor Technology LimitedIvybridge · Other engineering activities
- Revenue
- £728k
- Profit
- £31.9k
- Staff
- 7
- JP Precision LimitedSandbach · Other engineering activities
- Revenue
- £1.1m
- Profit
- £173k
- Staff
- 5
- Mathison Engineering LimitedGosport · Other engineering activities
- Revenue
- £568k
- Profit
- £156k
- Staff
- 7
- Climasol LtdSwinton · Other engineering activities
- Revenue
- £483k
- Profit
- £50.5k
- Staff
- 0
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£20.7k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.