Six by Nico (Holdings) Limited
Registered name: SIX BY NICO (HOLDINGS) LIMITED
Part of VVS Investments Limited groupSix by Nico (Holdings) Limited made £36.2m revenue and £3.8m profit in the year to 30 Jun 2024. read from filing text
Six by Nico (Holdings) Limited’s revenue grew 44% to £36.2m in the year to 30 Jun 2024, with £3.8m profit and 625 employees. The company is classified under “licensed restaurants” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “The company's immediate parent company is Sixco”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 3 Jul 2022 | 2 Jul 2023 | 30 Jun 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £6.5m | £25.1m | £36.2m |
| Cost of sales | £957k | £17.7m | £25m |
| Gross profit | £5.5m | £7.4m | £11.2m |
| Operating profit | £3.1m | £2.4m | £4.8m |
| Profit before tax | £2.9m | £2m | £5m |
| Profit after tax | £3.1m | −£1.9m | £3.8m |
| Profit (best available) | £3.1m | −£1.9m | £3.8m |
| Staff costs | £2m | £11m | £12.4m |
| Employees (average) | 403 | 475 | 625 |
| Ratios | |||
| Profit margin | 48.1% | −7.4% | 10.6% |
| Gross margin | 85.3% | 29.6% | 31% |
| Revenue per employee | £16.1k | £52.9k | £58k |
| Profit per employee | £7.8k | −£3.9k | £6.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲286.2% | ▲44.2% |
| Profit growth | — | ▼159.5% | — |
| Headcount growth | — | ▲17.9% | ▲31.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £781k | £1.1m | £644k |
| Net assets | £3.5m | £1.6m | £2.5m |
| Fixed assets | £726k | £5.6m | £10.6m |
| Current assets | £14.6m | £10.7m | — |
| Debtors | £13.8m | £4k | £6.8k |
| Deferred income | £900k | £856k | £734k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2025 |
How the business works
- Profit margin
- 10.6%
- Profit ÷ revenue.
- Gross margin
- 31%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £58k
- Revenue ÷ average employees.
- Profit per employee
- £6.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 29.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲51%
- Now £2.5m
- Cash at bank
- ▼44%
- Now £644k
- Headcount
- ▲32%
- Now 625
- Deferred income
- ▼14%
- Now £734k
- Fixed assets
- ▲90%
- Now £10.6m
Group structure
Ownership chain
- VVS Investments Limitedultimate parent75–100%
- Sixco Limited75–100%
- Six by Nico (Holdings) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (9)
- Six by Nico (Aberdeen) LtdFigures not disclosed
- Six by Nico (Belfast) LimitedFigures not disclosed
- Six by Nico (Canary Wharf) LtdFigures not disclosed
- Six by Nico (Edinburgh) LimitedFigures not disclosed
- Six by Nico (English Propco) LimitedFigures not disclosed
- Six by Nico (Fitzrovia) LimitedFigures not disclosed
- Six by Nico (Glasgow) LimitedFigures not disclosed
- Six by Nico (Liverpool) LtdFigures not disclosed
- Six by Nico (Manchester Deansgate) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £3.8m), from the Companies House accounts bulk data published Mar 2025. 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.