How much does Nucore Group Ltd. make?

Nucore Group Ltd. reported revenue of £17.7m and a loss of £624k in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Nucore Group Ltd. have?

Nucore Group Ltd. reported an average of 135 employees in the year to 31 May 2025.

Is Nucore Group Ltd. profitable?

No — Nucore Group Ltd. reported a loss of £624k in the year to 31 May 2025.

Company No. SC450189 · Incorporated 16 May 2013

Nucore Group Ltd.

Registered name: NUCORE GROUP LTD.

Part of Nucore Group Holdings Limited group

Nucore Group Ltd. made £17.7m revenue and a £624k loss in the year to 31 May 2025.

Nucore Group Ltd.’s revenue grew 3% to £17.7m in the year to 31 May 2025, with a loss of £624k and 135 employees. The company is classified under “support activities for petroleum and natural gas extraction” and is based in Aberdeen; we hold 4 years of its filed accounts.

Full P&L filedSection B · Mining and quarryingSIC 09100Support activities for petroleum and natural gas extraction

Status: Active
Location: Aberdeen, Scotland
Age: 13 yrs · since 2013
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 May 2025

Key figures

Capital-light

Revenue

£17.7m

Growth ▲2.8%

Profit

−£624k

Growth —

Profit margin

−3.5%

Gross 27.3%

Employees

135

Change ▲2.3%

Profit / employee

−£4.6k

Revenue/employee £131k

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 to	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.9m	£16.3m	£17.3m	£17.7m
Cost of sales	£11.5m	£12.1m	£12.7m	£12.9m
Gross profit	£3.4m	£4.2m	£4.6m	£4.8m
Operating profit	−£2.1m	−£2.7m	−£914k	−£383k
Profit before tax	−£3.3m	£8.6m	−£1.3m	−£636k
Profit after tax	−£3m	£8.6m	−£1.3m	−£624k
Profit (best available)	−£3m	£8.6m	−£1.3m	−£624k
Staff costs	£6.7m	£7.8m	£7.6m	—
Employees (average)	132	134	132	135
Ratios
Profit margin	−19.9%	52.6%	−7.3%	−3.5%
Gross margin	22.8%	25.9%	26.6%	27.3%
Revenue per employee	£113k	£121k	£131k	£131k
Profit per employee	−£22.5k	£63.9k	−£9.6k	−£4.6k
Growth (year on year)
Revenue growth	—	▲9.3%	▲6%	▲2.8%
Profit growth	—	—	▼114.8%	—
Headcount growth	—	▲1.5%	▼1.5%	▲2.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£474k	£679k	£162k	£165k
Net assets	−£4.2m	£4.4m	£3.1m	£2.5m
Fixed assets	£361k	£253k	£171k	£127k
Debtors	£2.3m	£2.1m	£2.9m	£2.6m
Deferred income	£1.1m	£1.6m	£2.1m	£2.1m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −3.5%; Profit ÷ revenue.
Gross margin: 27.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £131k; Revenue ÷ average employees.
Profit per employee: −£4.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 12.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.5%; 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: ▼20%; Now £2.5m
Cash at bank: ▲2%; Now £165k
Headcount: ▲2%; Now 135
Deferred income: ▲3%; Now £2.1m
Fixed assets: ▼26%; Now £127k

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

Nucore Group Holdings Limitedultimate parent75–100%
Nucore Group Ltd.this company

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

Subsidiaries (2)

HVAC & Refrigeration Engineering LimitedFigures not disclosed
Oteac LimitedFigures not disclosed

Minority corporate shareholders

Beechbrook Private Debt III General Partner Limited

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit −£624k), from the Companies House accounts bulk data published May 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.